October 15, 2025 by matray

AM Best reaffirmed BETA Healthcare Group's “A” (Excellent) Financial Strength Rating with a stable outlook, citing the company’s balance sheetstrength, which it categorizes as “Strongest.”

According to AM Best, the rating reflects several key factors, including:

• Strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR)

• Prudent loss reserving practices, resulting in consistent favorable development of prior accident-year reserves

• Sound liquidity and conservative investment strategy, supported by a portfolio primarily composed of high-quality fixed-income securities

• Sustained profitability over the past five years

• BETA’s position as a leading provider of hospital professional liability coverage and the second-largest medical professional liability (MPL) insurer in California, based on 2024 direct premiums written (DPW), as well as its unique joint powers structure, which supports broader coverage and responsive pricing

“Our financial strength and broad footprint on the West Coast allow us to provide high-quality services to our geographically diverse customers,” said Corey Grove, CEO of BETA Healthcare Group. “BETA’s exclusive focus on healthcare and commitment to patient and employee safety make us a distinctive partner in the industry. We are agile and leverage our deep expertise to deliver innovative, leading-edge risk management solutions that help healthcare organizations achieve quality care, positive patient outcomes, and safe workplace environments.”