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v3.23.1

Municipal Bond Guarantee Insurance (Tables) | 3 Months Ended
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Mar. 31, 2023
Guarantees [Abstract] |
Schedule of Municipal Bond Guarantee Insured Obligations | The following table presents a schedule of BAM’s insured obligations as of March 31, 2023 and December 31, 2022:
|  | March 31, 2023 |  | December 31, 2022
Contracts outstanding |  | 13,607 |  |  | 13,382 |
Remaining weighted average contract period (in years) |  | 10.8 |  | 10.8
Contractual debt service outstanding (in millions): |  |  |  |
Principal |  | $ | 101,785.7 |  |  | $ | 99,996.9 |
Interest |  | 49,801.9 |  |  | 48,880.6 |
Total debt service outstanding |  | $ | 151,587.6 |  |  | $ | 148,877.5 |
Gross unearned insurance premiums (in millions) |  | $ | 299.8 |  |  | $ | 298.3 |
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, 2023:
Millions |  | March 31, 2023
April 1, 2023 - December 31, 2023 |  | $ | 20.9 |
January 1, 2024 - March 31, 2024 |  | 6.8 |
April 1, 2024 - June 30, 2024 |  | 6.7 |
July 1, 2024 - September 30, 2024 |  | 6.5 |
October 1, 2024 - December 31, 2024 |  | 6.4 |
Total 2024 |  | 26.4 |
2025 |  | 24.7 |
2026 |  | 23.1 |
2027 |  | 21.5 |
2028 |  | 19.8 |
2029 and thereafter |  | 163.4 |
Total gross unearned insurance premiums |  | $ | 299.8 |
Schedule of Gross Written Premiums | The following table presents a schedule of written premiums and earned premiums included in the HG Global/BAM segment for the three months ended March 31, 2023 and 2022:
|  |  |  |  |  | Three Months Ended March 31,
Millions |  |  |  |  |  |  |  |  |  | 2023 |  | 2022
Written premiums: |  |  |  |  |  |  |  |  |  |  |  |
Direct |  |  |  |  |  |  |  |  |  | $ | 9.2 |  |  | $ | 9.4 |
Assumed |  |  |  |  |  |  |  |  |  | — |  |  | — |
Gross written premiums (1) |  |  |  |  |  |  |  |  |  | $ | 9.2 |  |  | $ | 9.4 |
Earned premiums: |  |  |  |  |  |  |  |  |  |  |  |
Direct |  |  |  |  |  |  |  |  |  | $ | 7.0 |  |  | $ | 7.6 |
Assumed |  |  |  |  |  |  |  |  |  | .7 |  |  | .8 |
Gross earned premiums (1) |  |  |  |  |  |  |  |  |  | $ | 7.7 |  |  | $ | 8.4 |
(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.

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- Definition Tabular disclosure of financial guarantee insurance contracts in which premiums are received over the contract period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 310 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=6933075&loc=SL5748726-161290 + Details
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- Definition [Table Text Block] for Schedule of Municipal Guarantee Insured Obligations [Table] + References No definition available. + Details
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