Attached files
file | filename |
---|---|
8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20161031.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF OCTOBER 31, 2016
(in thousands, except share data)
ASSETS |
|
||
Investments held in trust, at fair value: |
|
|
|
Fixed-maturity securities |
$ |
28,766 |
|
Cash equivalents held in trust |
|
2,415 |
|
Total investments held in trust |
|
31,181 |
|
Cash and cash equivalents |
|
1,287 |
|
Fixed-maturity securities, at fair value |
|
2,917 |
|
Accrued investment income |
|
174 |
|
Prepaid expenses |
|
13 |
|
Premiums receivable |
|
228 |
|
Total assets |
$ |
35,800 |
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
Liabilities: |
|
|
|
Losses and loss adjustment expenses |
$ |
583 |
|
Losses payable |
|
47 |
|
Unearned premiums |
|
272 |
|
Accrued ceding commission expense |
|
25 |
|
Other liabilities |
|
134 |
|
Total liabilities |
|
1,061 |
|
Stockholder’s equity: |
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
Additional paid-in capital |
|
69,879 |
|
Retained deficit |
|
(35,141 |
) |
Total stockholder’s equity |
|
34,739 |
|
Total liabilities and stockholder’s equity |
$ |
35,800 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED OCTOBER 31, 2016
(in thousands)
Revenues: |
|
|
|
Premiums earned |
$ |
245 |
|
Net investment income |
|
28 |
|
Total revenues |
|
273 |
|
Expenses: |
|
|
|
Underwriting expense |
|
70 |
|
General and administrative expenses |
|
140 |
|
Total expenses |
|
210 |
|
Income before federal income taxes |
|
63 |
|
Federal income tax benefit |
|
— |
|
Net income |
$ |
63 |
|