Attached files
file | filename |
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8-K - 8-K - Mr. Cooper Group Inc. | d671723d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF DECEMBER 31, 2013
(in thousands, except share data)
ASSETS |
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Investments held in trust, at fair value: |
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Fixed-maturity securities |
$ | 145,904 | ||
Cash equivalents held in trust |
33,093 | |||
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Total investments held in trust |
178,997 | |||
Cash and cash equivalents |
3,490 | |||
Fixed-maturity securities, at fair value |
7,544 | |||
Accrued investment income |
848 | |||
Premiums receivable |
984 | |||
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Total assets |
$ | 191,863 | ||
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LIABILITIES AND STOCKHOLDERS EQUITY |
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Liabilities: |
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Losses and loss adjustment expenses |
$ | 41,872 | ||
Losses payable |
2,517 | |||
Unearned premiums |
1,394 | |||
Accrued ceding commission expense |
102 | |||
Other liabilities |
198 | |||
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Total liabilities |
46,083 | |||
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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 |
75,900 | |||
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Total stockholders equity |
145,780 | |||
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Total liabilities and stockholders equity |
$ | 191,863 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED DECEMBER 31, 2013
(in thousands)
Revenues: |
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Premiums earned |
$ | 970 | ||
Net investment income |
(263 | ) | ||
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Total revenues |
707 | |||
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Expenses: |
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Underwriting Expenses |
233 | |||
General and administrative expenses |
187 | |||
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Total expenses |
420 | |||
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(Loss) income before federal income taxes |
287 | |||
Federal income tax benefit |
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Net (loss) income |
$ | 287 | ||
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