Attached files
file | filename |
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8-K - 8-K - Mr. Cooper Group Inc. | d688953d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF JANUARY 31, 2014
(in thousands, except share data)
ASSETS |
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Investments held in trust, at fair value: |
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Fixed-maturity securities |
$ | 157,698 | ||
Cash equivalents held in trust |
18,429 | |||
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Total investments held in trust |
176,127 | |||
Cash and cash equivalents |
4,903 | |||
Fixed-maturity securities, at fair value |
7,559 | |||
Accrued investment income |
874 | |||
Premiums receivable |
925 | |||
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Total assets |
$ | 190,388 | ||
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LIABILITIES AND STOCKHOLDERS EQUITY |
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Liabilities: |
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Losses and loss adjustment expenses |
$ | 36,016 | ||
Losses payable |
7,164 | |||
Unearned premiums |
1,321 | |||
Accrued ceding commission expense |
83 | |||
Other liabilities |
206 | |||
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Total liabilities |
44,790 | |||
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Stockholders 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 |
75,718 | |||
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Total stockholders equity |
145,598 | |||
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Total liabilities and stockholders equity |
$ | 190,388 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED JANUARY 31, 2014
(in thousands)
Revenues: |
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Premiums earned |
$ | 820 | ||
Net investment income |
475 | |||
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Total revenues |
1,295 | |||
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Expenses: |
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Underwriting Expenses |
1,283 | |||
General and administrative expenses |
194 | |||
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Total expenses |
1,477 | |||
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(Loss) income before federal income taxes |
(182 | ) | ||
Federal income tax benefit |
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Net (loss) income |
$ | (182 | ) | |
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