Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Mr. Cooper Group Inc. | d484141d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF DECEMBER 31, 2012
(in thousands, except share data)
| December 31, 2012 |
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| ASSETS | ||||
| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 201,660 | ||
| Cash equivalents held in trust |
17,019 | |||
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| Total investments held in trust |
218,679 | |||
| Cash and cash equivalents |
1,281 | |||
| Fixed-maturity securities, at fair value |
14,396 | |||
| Accrued investment income |
1,520 | |||
| Premiums receivable |
1,319 | |||
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| Total assets |
$ | 237,195 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 69,142 | ||
| Contingency reserve |
40,187 | |||
| Losses payable |
2,140 | |||
| Unearned premiums |
226 | |||
| Accrued ceding commission expense |
136 | |||
| Other liabilities |
197 | |||
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| Total liabilities |
112,028 | |||
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| Stockholder’s equity: |
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| Common stock, $1 par value; 1,000 shares issued and outstanding |
1 | |||
| Additional paid-in capital |
69,879 | |||
| Contingency reserve |
(40,187 | ) | ||
| Retained earnings |
95,474 | |||
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| Total stockholder’s equity |
125,167 | |||
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| Total liabilities and stockholder’s equity |
$ | 237,195 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED DECEMBER 31, 2012
(in thousands)
| December 31, 2012 |
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| Revenues: |
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| Premiums earned |
$ | 1,274 | ||
| Net investment income |
(16 | ) | ||
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| Total revenues |
1,258 | |||
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| Expenses: |
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| Losses and loss adjustment expenses |
2,163 | |||
| Ceding commission expense |
135 | |||
| General and administrative expenses |
133 | |||
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| Total expenses |
2,431 | |||
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| (Loss) income before federal income taxes |
(1,173 | ) | ||
| Federal income tax benefit |
— | |||
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| Net (loss) income |
$ | (1,173 | ) | |
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