Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | d938927d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF APRIL 30, 2015
(in thousands, except share data)
| ASSETS |
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| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 40,650 | ||
| Cash equivalents held in trust |
15,122 | |||
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| Total investments held in trust |
55,772 | |||
| Cash and cash equivalents |
105 | |||
| Fixed-maturity securities, at fair value |
4,128 | |||
| Accrued investment income |
309 | |||
| Prepaid expenses |
12 | |||
| Premiums receivable |
477 | |||
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| Total assets |
$ | 60,803 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY |
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| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 5,594 | ||
| Losses payable |
309 | |||
| Unearned premiums |
928 | |||
| Accrued ceding commission expense |
38 | |||
| Other liabilities |
154 | |||
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| Total liabilities |
7,023 | |||
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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 |
(16,100 | ) | ||
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| Total stockholder’s equity |
53,780 | |||
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| Total liabilities and stockholder’s equity |
$ | 60,803 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED APRIL 30, 2015
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 444 | ||
| Net investment income |
60 | |||
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| Total revenues |
504 | |||
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| Expenses: |
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| Underwriting expenses |
(46 | ) | ||
| General and administrative expenses |
148 | |||
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| Total expenses |
102 | |||
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| (Loss) income before federal income taxes |
402 | |||
| Federal income tax benefit |
— | |||
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| Net income (loss) |
$ | 402 | ||
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