Attached files
file | filename |
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8-K - 8-K - Mr. Cooper Group Inc. | d739032d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF APRIL 30, 2014
(in thousands, except share data)
ASSETS | ||||
Investments held in trust, at fair value: |
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Fixed-maturity securities |
$ | 71,956 | ||
Cash equivalents held in trust |
90,221 | |||
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Total investments held in trust |
162,177 | |||
Cash and cash equivalents |
4,530 | |||
Fixed-maturity securities, at fair value |
11,511 | |||
Accrued investment income |
653 | |||
Premiums receivable |
619 | |||
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Total assets |
$ | 179,490 | ||
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LIABILITIES AND STOCKHOLDERS EQUITY | ||||
Liabilities: |
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Losses and loss adjustment expenses |
$ | 31,525 | ||
Losses payable |
1,383 | |||
Unearned premiums |
1,265 | |||
Accrued ceding commission expense |
53 | |||
Other liabilities |
185 | |||
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Total liabilities |
34,411 | |||
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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 |
75,199 | |||
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Total stockholders equity |
145,079 | |||
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Total liabilities and stockholders equity |
$ | 179,490 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED APRIL 30, 2014
(in thousands)
Revenues: |
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Premiums earned |
$ | 575 | ||
Net investment income |
189 | |||
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Total revenues |
764 | |||
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Expenses: |
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Underwriting Expenses |
159 | |||
General and administrative expenses |
172 | |||
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Total expenses |
331 | |||
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(Loss) income before federal income taxes |
433 | |||
Federal income tax benefit |
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Net (loss) income |
$ | 433 | ||
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