Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20151231.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF DECEMBER 31, 2015
(in thousands, except share data)
|
ASSETS |
|
||
|
Investments held in trust, at fair value: |
|
|
|
|
Fixed-maturity securities |
$ |
32,571 |
|
|
Cash equivalents held in trust |
|
3,687 |
|
|
Total investments held in trust |
|
36,258 |
|
|
Cash and cash equivalents |
|
2,915 |
|
|
Fixed-maturity securities, at fair value |
|
3,574 |
|
|
Accrued investment income |
|
235 |
|
|
Prepaid expenses |
|
19 |
|
|
Premiums receivable |
|
417 |
|
|
Total assets |
$ |
43,418 |
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
|
Liabilities: |
|
|
|
|
Losses and loss adjustment expenses |
$ |
4,268 |
|
|
Losses payable |
|
405 |
|
|
Unearned premiums |
|
761 |
|
|
Accrued ceding commission expense |
|
33 |
|
|
Other liabilities |
|
166 |
|
|
Total liabilities |
|
5,633 |
|
|
Stockholder’s equity: |
|
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
|
Additional paid-in capital |
|
69,879 |
|
|
Retained deficit |
|
(32,095 |
) |
|
Total stockholder’s equity |
|
37,785 |
|
|
Total liabilities and stockholder’s equity |
$ |
43,418 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED DECEMBER 31, 2015
(in thousands)
|
Revenues: |
|
|
|
|
Premiums earned |
$ |
388 |
|
|
Net investment loss |
|
(46 |
) |
|
Total revenues |
|
342 |
|
|
Expenses: |
|
|
|
|
Underwriting expense |
|
388 |
|
|
General and administrative expense |
|
145 |
|
|
Total expenses |
|
533 |
|
|
Loss before federal income taxes |
|
(191 |
) |
|
Federal income tax benefit |
|
— |
|
|
Net loss |
$ |
(191 |
) |