Bricktown Specialty Ins Co
Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating losses during 2023. Good overall results on stability tests (5.9) despite excessive premium growth and lack of operational experience. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (50.2%), comm multi (35.9%), other (13.9%)
Licensed in:
OK
Principal Investments:
Investment grade bonds (68.7%), cash (15.9%), common stock (8.5%), non investment grade bonds (3.3%), preferred stock (2.2%), other (1.3%)
Corporate Info
Group Affiliation
Trisura Group Ltd
Investment Rating
--
Company Address
210 Park Avenue
Oklahoma City, OK 73102
Oklahoma City, OK 73102
Phone Number
(405) 583-6100
NAIC Number
17166
Website
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