Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Mr. Cooper Group Inc. | d16370d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF MAY 31, 2015
(in thousands, except share data)
| ASSETS | ||||
| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 39,887 | ||
| Cash equivalents held in trust |
6,485 | |||
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| Total investments held in trust |
46,372 | |||
| Cash and cash equivalents |
1,597 | |||
| Fixed-maturity securities, at fair value |
4,123 | |||
| Accrued investment income |
207 | |||
| Prepaid expenses |
6 | |||
| Premiums receivable |
494 | |||
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| Total assets |
$ | 52,799 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 5,414 | ||
| Losses payable |
462 | |||
| Unearned premiums |
934 | |||
| Accrued ceding commission expense |
40 | |||
| Other liabilities |
150 | |||
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| Total liabilities |
7,000 | |||
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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 |
(24,081 | ) | ||
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| Total stockholder’s equity |
45,799 | |||
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| Total liabilities and stockholder’s equity |
$ | 52,799 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED MAY 31, 2015
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 443 | ||
| Net investment income |
44 | |||
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| Total revenues |
487 | |||
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| Expenses: |
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| Underwriting expenses |
322 | |||
| General and administrative expenses |
147 | |||
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| Total expenses |
469 | |||
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| (Loss) income before federal income taxes |
18 | |||
| Federal income tax benefit |
— | |||
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| Net income (loss) |
$ | 18 | ||
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