Municipal Bond Guarantee (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Municipal Bond Guarantee Insured Obligations

The following table presents a schedule of BAM’s insured obligations as of March 31, 2020 and December 31, 2019:



	March 31, 2020		December 31, 2019
Contracts outstanding	9,312		8,987
Remaining weighted average contract period outstanding (in years)	10.6		10.7
Contractual debt service outstanding (in millions):
Principal	$	64,481.2	$	62,250.5
Interest	32,449.1		31,799.7
Total debt service outstanding	$	96,930.3	$	94,050.2

Gross unearned insurance premiums (in millions)	$	202.7	$	198.4

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, 2020:



Millions	March 31, 2020
April 1, 2020 - December 31, 2020	$	14.3

January 1, 2021 - March 31, 2021	4.6
April 1, 2021 - June 30, 2021	4.5
July 1, 2021 - September 30, 2021	4.5
October 1, 2021 - December 31, 2021	4.4
Total 2021	18.0

2022	16.9
2023	15.9
2024	14.8
2025	13.8
2026 and thereafter	109.0
Total gross unearned insurance premiums	$	202.7

Schedule of Net Written Premiums

The following table presents a schedule of net written premiums and net earned premiums included in White Mountains’s HG Global/BAM segment for the three months ended March 31, 2020 and 2019:



	Three Months Ended March 31,
Millions	2020		2019
Written premiums:
Direct	$	9.7	$	7.9
Assumed	—		—
Gross written premiums	$	9.7	$	7.9
Earned premiums:
Direct	$	4.5	$	3.7
Assumed	.9		.5
Gross earned premiums	$	5.4	$	4.2