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BETA's Competitive Strengths: Financial Structure

As a California joint powers authority (JPA), BHG Risk Management Authority (BETA) pays no federal income tax, state income tax or state premium tax. These savings, along with careful management of contributions and reserves, have allowed BETA to maintain stable rates and low operational costs.

2009 BHG Financial Summary

• Annual member contributions: $80 million
• Total assets: $454 million
• Fund balance: $151 million
• AM Best rating: A- (Excellent); financial size category VIII
  
  

 
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