Market Overview

A.M. Best Affirms BETA Healthcare Group's "A" (Excellent) Rating and Stable Outlook

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Rating agency points to strong balance sheet and strong operating
performance

BETA Healthcare Group (BETA), the largest professional liability insurer
of hospitals on the West Coast, has maintained its "A" (Excellent)
rating with a "Stable" outlook from A.M. Best, a top rating it has held
since 2015. The rating reflects BETA's balance sheet strength and strong
operating performance.

A.M. Best cited several key strengths of BETA:

  • Risk adjusted capital, conservative investment portfolio and
    consistently favorable loss reserve development
  • Policyholder dividend used to manage capital and return profits to
    stakeholders
  • Outperforming the medical professional liability composite in various
    performance metrics
  • Our unique joint powers authority structure that allows for broader
    coverage and flexible rates

The ratings also recognize BETA's non-assessable group risk-sharing
coverage for hospitals and healthcare facilities and providers, and
ongoing strengthening and expansion of its patient safety, continuing
education and loss prevention programs.

"We are very pleased that A.M. Best continues to recognize BETA's
financial strength," said Tom Wander, CEO of BETA Healthcare Group. "The
A.M. Best ratings reflect confidence in our organization and recognize
the successful merger with ALPHA Fund, and our ability to deliver
expanded capabilities and offerings."

Over the past 25 years BETA has returned more than $160 million in
dividends to its members, an amount unsurpassed by any hospital
professional liability insurer doing business on the West Coast.

About BETA Healthcare Group

BETA Healthcare Group (BETA) is the largest professional liability
insurer of hospitals on the West Coast and provides a host of liability
and workers' compensation coverages to protect hospitals, physicians,
and healthcare workers. BETA's financial strength, rate stability,
quality service and breadth of coverage is unparalleled in the industry.
For more information, please visit www.betahg.com.

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