Attached files
file | filename |
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8-K - FORM 8-K - Mr. Cooper Group Inc. | d548172d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF APRIL 30, 2013
(in thousands, except share data)
April 30, 2013 | ||||
ASSETS | ||||
Investments held in trust, at fair value: |
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Fixed-maturity securities |
$ | 198,675 | ||
Cash equivalents held in trust |
10,304 | |||
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Total investments held in trust |
208,979 | |||
Cash and cash equivalents |
2,208 | |||
Fixed-maturity securities, at fair value |
16,764 | |||
Accrued investment income |
1,355 | |||
Premiums receivable |
1,138 | |||
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Total assets |
$ | 230,444 | ||
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LIABILITIES AND STOCKHOLDERS EQUITY | ||||
Liabilities: |
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Losses and loss adjustment expenses |
$ | 60,318 | ||
Losses payable |
3,289 | |||
Unearned premiums |
1,736 | |||
Accrued ceding commission expense |
117 | |||
Other liabilities |
224 | |||
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Total liabilities |
65,684 | |||
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Stockholders equity: |
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Common stock, $1 par value; 1,000 shares issued and outstanding |
1 | |||
Additional paid-in capital |
69,879 | |||
Retained earnings |
94,880 | |||
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Total stockholders equity |
164,760 | |||
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Total liabilities and stockholders equity |
$ | 230,444 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED APRIL 30, 2013
(in thousands)
April 30, 2013 | ||||
Revenues: |
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Premiums earned |
$ | (451 | ) | |
Net investment income |
686 | |||
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Total revenues |
235 | |||
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Expenses: |
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Underwriting Expenses |
379 | |||
General and administrative expenses |
195 | |||
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Total expenses |
574 | |||
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(Loss) income before federal income taxes |
(339 | ) | ||
Federal income tax benefit |
| |||
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Net (loss) income |
$ | (339 | ) | |
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