Municipal Bond Guarantee (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Municipal Bond Guarantee Insured Obligations

The following table presents a schedule of BAM’s insured obligations as of June 30, 2019 and December 31, 2018:



	June 30, 2019		December 31, 2018
Contracts outstanding	8,126		7,525
Remaining weighted average contract period outstanding (in years)	10.8		10.7
Contractual debt service outstanding (in millions):
Principal	$	56,043.9	$	52,201.6
Interest	28,591.7		26,560.3
Total debt service outstanding	$	84,635.6	$	78,761.9

Gross unearned insurance premiums	$	187.8	$	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 June 30, 2019:



Millions	June 30, 2019
July 1, 2019 - December 31, 2019	$	8.5

January 1, 2020 - March 31, 2020	4.1
April 1, 2020 - June 30, 2020	4.1
July 1, 2020 - September 30, 2020	4.0
October 1, 2020 - December 31, 2020	4.0
Total 2020	16.2

2021	15.3
2022	14.4
2023	13.6
2024	12.8
2025 and thereafter	107.0
Total gross unearned insurance premiums	$	187.8

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 and six months ended June 30, 2019 and 2018:



	Three Months Ended June 30,				Six Months Ended June 30,
Millions	2019		2018		2019		2018
Written premiums:
Direct	$	12.5	$	18.6	$	20.4	$	25.0
Assumed	—		—		—		—
Gross written premiums	$	12.5	$	18.6	$	20.4	$	25.0
Earned premiums:
Direct	$	3.8	$	3.4	$	7.5	$	6.4
Assumed	.5		—		1.0		—
Gross earned premiums	$	4.3	$	3.4	$	8.5	$	6.4