C
Brickyard Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Fair overall results on stability tests (3.1) including. Strengths include potentially strong support from affiliation with Brickyard Financial Holdings LLC. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Work comp (100.0%)
Licensed in: IN
Principal Investments: Investment grade bonds (72.7%), cash (24.0%), other (3.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Brickyard Financial Holdings LLC
Investment Rating
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Company Address
3702 Rupp Drive
Fort Wayne, IN 46815
Phone Number
(217) 862-8900
NAIC Number
16583
Largest Affiliates
A
Springfield, IL - P&C
B
Sioux Falls, SD - P&C