Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | wmih-8k_20170105.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF NOVEMBER 30, 2016
(in thousands, except share data)
|
ASSETS |
|
||
|
Investments held in trust, at fair value: |
|
|
|
|
Fixed-maturity securities |
$ |
29,292 |
|
|
Cash equivalents held in trust |
|
1,920 |
|
|
Total investments held in trust |
|
31,212 |
|
|
Cash and cash equivalents |
|
488 |
|
|
Fixed-maturity securities, at fair value |
|
2,658 |
|
|
Accrued investment income |
|
164 |
|
|
Prepaid expenses |
|
6 |
|
|
Premiums receivable |
|
265 |
|
|
Total assets |
$ |
34,793 |
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDER’S EQUITY |
|
||
|
Liabilities: |
|
|
|
|
Losses and loss adjustment expenses |
$ |
586 |
|
|
Losses payable |
|
58 |
|
|
Unearned premiums |
|
270 |
|
|
Accrued ceding commission expense |
|
24 |
|
|
Other liabilities |
|
141 |
|
|
Total liabilities |
|
1,079 |
|
|
Stockholder’s equity: |
|
|
|
|
Common stock, $1 par value; 1,000 shares issued and outstanding |
|
1 |
|
|
Additional paid-in capital |
|
69,879 |
|
|
Retained deficit |
|
(36,166 |
) |
|
Total stockholder’s equity |
|
33,714 |
|
|
Total liabilities and stockholder’s equity |
$ |
34,793 |
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED NOVEMBER 30, 2016
(in thousands)
|
Revenues: |
|
|
|
|
Premiums earned |
$ |
256 |
|
|
Net investment loss |
|
(62 |
) |
|
Total revenues |
|
194 |
|
|
Expenses: |
|
|
|
|
Underwriting expense |
|
84 |
|
|
General and administrative expenses |
|
136 |
|
|
Total expenses |
|
220 |
|
|
Loss before federal income taxes |
|
(26 |
) |
|
Federal income tax benefit |
|
— |
|
|
Net loss |
$ |
(26 |
) |