Municipal Bond Guarantee (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Municipal Bond Guarantee Insured Obligations

The following table presents a schedule of BAM’s insured obligations:



	September 30, 2018		December 31, 2017
Contracts outstanding	7,184		6,371
Remaining weighted average contract period outstanding (in years)	10.8		10.9
Contractual debt service outstanding (in millions):
Principal	$	47,259.1	$	42,090.6
Interest	23,707.4		21,057.1
Total debt service outstanding	$	70,966.5	$	63,147.7

Gross unearned insurance premiums	$	156.2	$	136.8

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, 2018:



Millions	September 30, 2018
October 1, 2018 - December 31, 2018	$	3.3

January 1, 2019 - March 31, 2019	3.3
April 1, 2019 - June 30, 2019	3.3
July 1, 2019 - September 30, 2019	3.3
October 1, 2019 - December 31, 2019	3.2
Total 2019	13.1

2020	12.6
2021	12.1
2022	11.5
2023 and thereafter	103.6
Total gross unearned insurance premiums	$	156.2

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 years ended September 30, 2018 and 2017:



	Three Months Ended September 30,				Nine Months Ended September 30,
Millions	2018		2017		2018		2017
Gross written premiums	$	3.9	$	10.9	$	28.9	$	42.0
Assumed (ceded) written premiums	—		—		—		—
Net written premiums	$	3.9	$	10.9	$	28.9	$	42.0