NEW YORK – BAM Mutual guaranteed a record $21.15 billion of U.S. municipal bonds in 2025, up 16% from 2024. Total premiums in the first nine months were $160.2 million, and BAM’s claims-paying resources rose to $1.9 billion.

BAM’s Statutory Financial Statements and Operating Supplements are available in the Credit Rating and Financial Information section of BAM’s website.

About BAM Mutual

BAM is a mutual bond insurance company operated for the benefit of its members – the sponsors of essential infrastructure projects like roads, airports, schools, and water, wastewater, and power utilities. Through December 31, 2025, BAM has insured more than USD$175 billion of long-term securities for more than 6,475 bond issuers. BAM is rated AA with a Stable outlook by S&P Global Ratings.

For more information, please contact:

Michael Stanton, Head of Corporate Strategy and Communications

+1-212-235-2575; mstanton@bambonds.com