Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Mr. Cooper Group Inc. | d815837d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF SEPTEMBER 30, 2014
(in thousands, except share data)
| ASSETS | ||||
| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 55,710 | ||
| Cash equivalents held in trust |
10,444 | |||
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| Total investments held in trust |
66,154 | |||
| Cash and cash equivalents |
1,267 | |||
| Fixed-maturity securities, at fair value |
8,134 | |||
| Accrued investment income |
555 | |||
| Premiums receivable |
585 | |||
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| Total assets |
$ | 76,695 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 17,894 | ||
| Losses payable |
642 | |||
| Unearned premiums |
1,156 | |||
| Accrued ceding commission expense |
48 | |||
| Other liabilities |
152 | |||
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| Total liabilities |
19,892 | |||
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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 (deficit) earnings |
(13,077 | ) | ||
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| Total stockholder’s equity |
56,803 | |||
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| Total liabilities and stockholder’s equity |
$ | 76,695 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED SEPTEMBER 30, 2014
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 571 | ||
| Net investment income |
(61 | ) | ||
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| Total revenues |
510 | |||
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| Expenses: |
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| Underwriting Expenses |
654 | |||
| General and administrative expenses |
158 | |||
| Loss from contract termination |
— | |||
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| Total expenses |
812 | |||
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| (Loss) income before federal income taxes |
(302 | ) | ||
| Federal income tax benefit |
— | |||
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| Net (loss) income |
$ | (302 | ) | |
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