XML 45 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2
Municipal Bond Guarantee Insurance (Tables)
 9 Months Ended
Sep. 30, 2022
Guarantees [Abstract]  
Schedule of Municipal Bond Guarantee Insured Obligations
The following table presents a schedule of BAM’s insured obligations as of September 30, 2022 and December 31, 2021:
September 30, 2022December 31, 2021
Contracts outstanding13,094 12,350 
Remaining weighted average contract period outstanding (in years)10.810.8
Contractual debt service outstanding (in millions):
Principal $98,619.0 $89,196.5 
Interest47,595.0 41,486.5 
Total debt service outstanding$146,214.0 $130,683.0 
Gross unearned insurance premiums (in millions)$286.7 $266.3 
Financial Guarantee Insurance Contracts, Premium Received over Contract Period
The following table presents a schedule of BAM’s future premium revenues as of September 30, 2022:
MillionsSeptember 30, 2022
October 1, 2022 - December 31, 2022$6.9 
January 1, 2023 - March 31, 20236.8 
April 1, 2023 - June 30, 20236.7 
July 1, 2023 - September 30, 20236.6 
October 1, 2023 - December 31, 20236.4 
Total 202326.5 
202424.9 
202523.2 
202621.6 
202720.1 
2028 and thereafter163.5 
Total gross unearned insurance premiums$286.7 
Schedule of Net Written Premiums
The following table presents a schedule of written premiums and earned premiums included in White Mountains’s HG Global/BAM segment for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended September 30,Nine Months Ended September 30,
Millions2022202120222021
Written premiums:
Direct$18.4 $12.8 $44.9 $34.5 
Assumed1.3 — 1.3 4.5 
Gross written premiums (1)
$19.7 $12.8 $46.2 $39.0 
Earned premiums:
Direct$6.5 $5.9 $22.0 $16.8 
Assumed.6 .8 4.0 2.8 
Gross earned premiums (1)
$7.1 $6.7 $26.0 $19.6 
(1) There are no ceded premium amounts in the periods presented and gross earned premiums are equivalent to net written premiums and net earned premiums.