Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | d56077d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF AUGUST 31, 2015
(in thousands, except share data)
| ASSETS | ||||
| Investments held in trust, at fair value: |
||||
| Fixed-maturity securities |
$ | 33,113 | ||
| Cash equivalents held in trust |
4,153 | |||
|
|
|
|||
| Total investments held in trust |
37,266 | |||
| Cash and cash equivalents |
6,219 | |||
| Fixed-maturity securities, at fair value |
7,069 | |||
| Accrued investment income |
356 | |||
| Prepaid expenses |
13 | |||
| Premiums receivable |
466 | |||
|
|
|
|||
| Total assets |
$ | 51,389 | ||
|
|
|
|||
| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
||||
| Losses and loss adjustment expenses |
$ | 4,823 | ||
| Losses payable |
295 | |||
| Unearned premiums |
896 | |||
| Accrued ceding commission expense |
38 | |||
| Other liabilities |
147 | |||
|
|
|
|||
| Total liabilities |
6,199 | |||
|
|
|
|||
| Stockholder’s equity: |
||||
| Common stock, $1 par value; 1,000 shares issued and outstanding |
1 | |||
| Additional paid-in capital |
69,879 | |||
| Retained earnings |
(24,690 | ) | ||
|
|
|
|||
| Total stockholder’s equity |
45,190 | |||
|
|
|
|||
| Total liabilities and stockholder’s equity |
$ | 51,389 | ||
|
|
|
|||
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED AUGUST 31, 2015
(in thousands)
| Revenues: |
||||
| Premiums earned |
$ | 452 | ||
| Net investment income |
(12 | ) | ||
|
|
|
|||
| Total revenues |
440 | |||
|
|
|
|||
| Expenses: |
||||
| Underwriting expenses |
117 | |||
| General and administrative expenses |
149 | |||
|
|
|
|||
| Total expenses |
266 | |||
|
|
|
|||
| (Loss) income before federal income taxes |
174 | |||
| Federal income tax benefit |
— | |||
|
|
|
|||
| Net income (loss) |
$ | 174 | ||
|
|
|
|||