Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20160112.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF NOVEMBER 30, 2015
(in thousands, except share data)
|
ASSETS |
|
||
|
Investments held in trust, at fair value: |
|
|
|
|
Fixed-maturity securities |
$ |
32,650 |
|
|
Cash equivalents held in trust |
|
3,594 |
|
|
Total investments held in trust |
|
36,244 |
|
|
Cash and cash equivalents |
|
3,064 |
|
|
Fixed-maturity securities, at fair value |
|
3,592 |
|
|
Accrued investment income |
|
154 |
|
|
Prepaid expenses |
|
9 |
|
|
Premiums receivable |
|
439 |
|
|
Total assets |
$ |
43,502 |
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
|
Liabilities: |
|
|
|
|
Losses and loss adjustment expenses |
$ |
4,319 |
|
|
Losses payable |
|
247 |
|
|
Unearned premiums |
|
765 |
|
|
Accrued ceding commission expense |
|
34 |
|
|
Other liabilities |
|
161 |
|
|
Total liabilities |
|
5,526 |
|
|
Stockholder’s equity: |
|
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
|
Additional paid-in capital |
|
69,879 |
|
|
Retained (deficit) earnings |
|
(31,904 |
) |
|
Total stockholder’s equity |
|
37,976 |
|
|
Total liabilities and stockholder’s equity |
$ |
43,502 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED NOVEMBER 30, 2015
(in thousands)
|
Revenues: |
|
|
|
|
Premiums earned |
$ |
410 |
|
|
Net investment (loss) |
|
(13 |
) |
|
Total revenues |
|
397 |
|
|
Expenses: |
|
|
|
|
Underwriting expense |
|
108 |
|
|
General and administrative expense |
|
153 |
|
|
Total expenses |
|
261 |
|
|
Income before federal income taxes |
|
136 |
|
|
Income tax benefit |
|
— |
|
|
Net income |
$ |
136 |
|