Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Mr. Cooper Group Inc. | d866544d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF DECEMBER 31, 2014
(in thousands, except share data)
| ASSETS |
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| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 52,578 | ||
| Cash equivalents held in trust |
11,122 | |||
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| Total investments held in trust |
63,700 | |||
| Cash and cash equivalents |
725 | |||
| Fixed-maturity securities, at fair value |
8,063 | |||
| Accrued investment income |
475 | |||
| Prepaid expenses |
12 | |||
| Premiums receivable |
531 | |||
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| Total assets |
$ | 73,506 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY |
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| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 16,648 | ||
| Losses payable |
696 | |||
| Unearned premiums |
1,094 | |||
| Accrued ceding commission expense |
44 | |||
| Other liabilities |
162 | |||
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| Total liabilities |
18,644 | |||
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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 |
(15,018 | ) | ||
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| Total stockholder’s equity |
54,862 | |||
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| Total liabilities and stockholder’s equity |
$ | 73,506 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED DECEMBER 31, 2014
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 530 | ||
| Other income |
— | |||
| Net investment income |
(105 | ) | ||
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| Total revenues |
425 | |||
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| Expenses: |
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| Underwriting expenses |
47 | |||
| General and administrative expenses |
157 | |||
| Loss from contract termination |
— | |||
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| Total expenses |
204 | |||
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| (Loss) income before federal income taxes |
221 | |||
| Federal income tax benefit |
— | |||
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| Net (loss) income |
$ | 221 | ||
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