Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | d834369d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF OCTOBER 31, 2014
(in thousands, except share data)
| ASSETS | ||||
| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 58,689 | ||
| Cash equivalents held in trust |
5,724 | |||
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| Total investments held in trust |
64,413 | |||
| Cash and cash equivalents |
1,957 | |||
| Fixed-maturity securities, at fair value |
9,117 | |||
| Accrued investment income |
543 | |||
| Prepaid expenses |
13 | |||
| Premiums receivable |
549 | |||
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| Total assets |
$ | 76,592 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 17,139 | ||
| Losses payable |
722 | |||
| Unearned premiums |
1,153 | |||
| Accrued ceding commission expense |
51 | |||
| Other liabilities |
152 | |||
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| Total liabilities |
19,217 | |||
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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 | |||
| Retained earnings |
(12,505 | ) | ||
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| Total stockholder’s equity |
57,375 | |||
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| Total liabilities and stockholder’s equity |
$ | 76,592 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED OCTOBER 31, 2014
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 513 | ||
| Other Income |
100 | |||
| Net investment income |
135 | |||
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| Total revenues |
748 | |||
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| Expenses: |
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| Underwriting Expenses |
17 | |||
| General and administrative expenses |
159 | |||
| Loss from contract termination |
— | |||
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| Total expenses |
176 | |||
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| (Loss) income before federal income taxes |
572 | |||
| Federal income tax benefit |
— | |||
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| Net (loss) income |
$ | 572 | ||
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