Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20160411.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF FEBRUARY 29, 2016
(in thousands, except share data)
|
ASSETS |
|
||
|
Investments held in trust, at fair value: |
|
|
|
|
Fixed-maturity securities |
$ |
31,542 |
|
|
Cash equivalents held in trust |
|
1,875 |
|
|
Total investments held in trust |
|
33,417 |
|
|
Cash and cash equivalents |
|
605 |
|
|
Fixed-maturity securities, at fair value |
|
3,570 |
|
|
Accrued investment income |
|
336 |
|
|
Prepaid expenses |
|
6 |
|
|
Premiums receivable |
|
290 |
|
|
Total assets |
$ |
38,224 |
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
|
Liabilities: |
|
|
|
|
Losses and loss adjustment expenses |
$ |
1,284 |
|
|
Losses payable |
|
137 |
|
|
Unearned premiums |
|
532 |
|
|
Accrued ceding commission expense |
|
26 |
|
|
Other liabilities |
|
210 |
|
|
Total liabilities |
|
2,189 |
|
|
Stockholder’s equity: |
|
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
|
Additional paid-in capital |
|
69,879 |
|
|
Retained deficit |
|
(33,845 |
) |
|
Total stockholder’s equity |
|
36,035 |
|
|
Total liabilities and stockholder’s equity |
$ |
38,224 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED FEBRUARY 29, 2016
(in thousands)
|
Revenues: |
|
|
|
|
Premiums earned |
$ |
302 |
|
|
Net investment income |
|
49 |
|
|
Total revenues |
|
351 |
|
|
Expenses: |
|
|
|
|
Underwriting expense |
|
69 |
|
|
General and administrative expenses |
|
212 |
|
|
Total expenses |
|
281 |
|
|
Income before federal income taxes |
|
70 |
|
|
Federal income tax benefit |
|
— |
|
|
Net income |
$ |
70 |
|
|
|
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