Attached files
file | filename |
---|---|
8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20170531.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF MAY 31, 2017
(in thousands, except share data)
ASSETS |
|
||
Investments held in trust, at fair value: |
|
|
|
Fixed-maturity securities |
$ |
25,350 |
|
Cash equivalents held in trust |
|
4,431 |
|
Total investments held in trust |
|
29,781 |
|
Cash and cash equivalents |
|
670 |
|
Fixed-maturity securities, at fair value |
|
1,701 |
|
Accrued investment income |
|
126 |
|
Prepaid expenses |
|
6 |
|
Premiums receivable |
|
101 |
|
Total assets |
$ |
32,385 |
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
Liabilities: |
|
|
|
Losses and loss adjustment expenses |
$ |
211 |
|
Unearned premiums |
|
36 |
|
Accrued ceding commission expense |
|
16 |
|
Other liabilities |
|
129 |
|
Total liabilities |
|
392 |
|
Stockholder’s equity: |
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
Additional paid-in capital |
|
69,879 |
|
Retained deficit |
|
(37,887 |
) |
Total stockholder’s equity |
|
31,993 |
|
Total liabilities and stockholder’s equity |
$ |
32,385 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED MAY 31, 2017
(in thousands)
Revenues: |
|
|
|
Premiums earned |
$ |
103 |
|
Net investment income |
|
27 |
|
Total revenues |
|
130 |
|
Expenses: |
|
|
|
Underwriting expense |
|
20 |
|
General and administrative expenses |
|
132 |
|
Total expenses |
|
152 |
|
Loss before federal income taxes |
|
(22 |
) |
Federal income tax expense |
|
— |
|
Net loss |
$ |
(22 |
) |