BETA's Competitive Strengths: Financial Structure
As a joint powers authority (JPA), BETA Risk Management Authority (BETARMA) 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.
2017 BETA Financial Summary
- Annual member contributions: $130 million
- Total assets: $623 million
- Net Position: $246 million
- AM Best rating: A (Excellent) with a "stable" outlook