Municipal Bond Guarantee (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Municipal Bond Guarantee Insured Obligations

The following table presents a schedule of BAM’s insured obligations as of March 31, 2019 and December 31, 2018:



	March 31, 2019		December 31, 2018
Contracts outstanding	7,786		7,525
Remaining weighted average contract period outstanding (in years)	10.7		10.7
Contractual debt service outstanding (in millions):
Principal	$	53,715.2	$	52,201.6
Interest	27,348.9		26,560.3
Total debt service outstanding	$	81,064.1	$	78,761.9

Gross unearned insurance premiums	$	179.6	$	176.0

Financial Guarantee Insurance Contracts, Premium Received over Contract Period

The following table presents a schedule of BAM’s future premium revenues as of March 31, 2019:



Millions	March 31, 2019
April 1, 2019 - December 31, 2019	$	12.2

January 1, 2020 - March 31, 2020	3.9
April 1, 2020 - June 30, 2020	3.9
July 1, 2020 - September 30, 2020	3.9
October 1, 2020 - December 31, 2020	3.8
Total 2020	15.5

2021	14.5
2022	13.6
2023	12.8
2024	12.0
2025 and thereafter	99.0
Total gross unearned insurance premiums	$	179.6

Schedule of Net Written Premiums

The following table presents a schedule of net written premiums included in White Mountains’s HG Global/BAM segment for the three months ended March 31, 2019 and 2018:



	Three Months Ended March 31,
Millions	2019		2018
Written premiums:
Direct	$	7.9	$	6.4
Assumed	—		—
Gross written premiums	$	7.9	$	6.4
Earned premiums:
Direct	$	3.7	$	3.0
Assumed	0.5		—
Gross earned premiums	$	4.2	$	3.0