Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | d67205d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF JUNE 30, 2015
(in thousands, except share data)
| ASSETS |
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| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 39,241 | ||
| Cash equivalents held in trust |
6,961 | |||
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| Total investments held in trust |
46,202 | |||
| Cash and cash equivalents |
1,447 | |||
| Fixed-maturity securities, at fair value |
4,110 | |||
| Accrued investment income |
295 | |||
| Premiums receivable |
466 | |||
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| Total assets |
$ | 52,520 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY |
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| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 5,232 | ||
| Losses payable |
431 | |||
| Unearned premiums |
917 | |||
| Accrued ceding commission expense |
42 | |||
| Other liabilities |
139 | |||
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| Total liabilities |
6,761 | |||
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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 earnings |
(24,121 | ) | ||
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| Total stockholder’s equity |
45,759 | |||
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| Total liabilities and stockholder’s equity |
$ | 52,520 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
As of June 30, 2015
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 455 | ||
| Net investment income |
(59 | ) | ||
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| Total revenues |
396 | |||
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| Expenses: |
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| Underwriting expenses |
290 | |||
| General and administrative expenses |
146 | |||
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| Total expenses |
436 | |||
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| (Loss) income before federal income taxes |
(40 | ) | ||
| Federal income tax benefit |
— | |||
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| Net income (loss) |
$ | (40 | ) | |
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