Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Mr. Cooper Group Inc. | d772301d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF JUNE 30, 2014
(in thousands, except share data)
| ASSETS |
||||
| Investments held in trust, at fair value: |
||||
| Fixed-maturity securities |
$ | 60,496 | ||
| Cash equivalents held in trust |
6,615 | |||
|
|
|
|||
| Total investments held in trust |
67,111 | |||
| Cash and cash equivalents |
1,049 | |||
| Fixed-maturity securities, at fair value |
8,719 | |||
| Accrued investment income |
547 | |||
| Premiums receivable |
585 | |||
|
|
|
|||
| Total assets |
$ | 78,011 | ||
|
|
|
|||
| LIABILITIES AND STOCKHOLDER’S EQUITY |
||||
| Liabilities: |
||||
| Losses and loss adjustment expenses |
$ | 19,390 | ||
| Losses payable |
800 | |||
| Unearned premiums |
1,227 | |||
| Accrued ceding commission expense |
51 | |||
| Other liabilities |
219 | |||
|
|
|
|||
| Total liabilities |
21,687 | |||
|
|
|
|||
| Stockholder’s equity: |
||||
| Common stock, $1 par value; 1,000 shares issued and outstanding |
1 | |||
| Additional paid-in capital |
69,879 | |||
| Retained earnings |
(13,556 | ) | ||
|
|
|
|||
| Total stockholder’s equity |
56,324 | |||
|
|
|
|||
| Total liabilities and stockholder’s equity |
$ | 78,011 | ||
|
|
|
|||
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED JUNE 30, 2014
(in thousands)
| Revenues: |
||||
| Premiums earned |
$ | 568 | ||
| Net investment income |
(16 | ) | ||
|
|
|
|||
| Total revenues |
552 | |||
|
|
|
|||
| Expenses: |
||||
| Underwriting Expenses |
237 | |||
| General and administrative expenses |
164 | |||
| Loss from contract termination |
— | |||
|
|
|
|||
| Total expenses |
401 | |||
|
|
|
|||
| (Loss) income before federal income taxes |
151 | |||
| Federal income tax benefit |
— | |||
|
|
|
|||
| Net (loss) income |
$ | 151 | ||
|
|
|