- COOP Dashboard
- Financials
- Filings
-
Holdings
- Transcripts
- ETFs
- Insider
- Institutional
- Shorts
-
8-K Filing
Mr. Cooper (COOP) 8-KRegulation FD Disclosure
Filed: 10 Apr 14, 12:00am
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITEDCONDENSEDBALANCESHEET
ASOFFEBRUARY 28, 2014
(in thousands, except share data)
ASSETS | ||||
Investments held in trust, at fair value: | ||||
Fixed-maturity securities | $ | 157,625 | ||
Cash equivalents held in trust | 12,166 | |||
|
| |||
Total investments held in trust | 169,791 | |||
Cash and cash equivalents | 3,413 | |||
Fixed-maturity securities, at fair value | 7,558 | |||
Accrued investment income | 891 | |||
Premiums receivable | 774 | |||
|
| |||
Total assets | $ | 182,427 | ||
|
| |||
LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
Liabilities: | ||||
Losses and loss adjustment expenses | $ | 33,885 | ||
Losses payable | 2,101 | |||
Unearned premiums | 1,302 | |||
Accrued ceding commission expense | 80 | |||
Other liabilities | 320 | |||
|
| |||
Total liabilities | 37,688 | |||
|
| |||
Stockholder’s equity: | ||||
Common stock, $1 par value; 1,000 shares issued and outstanding | 1 | |||
Additional paid-in capital | 69,879 | |||
Retained earnings | 74,859 | |||
|
| |||
Total stockholder’s equity | 144,739 | |||
|
| |||
Total liabilities and stockholder’s equity | $ | 182,427 | ||
|
|
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITEDCONDENSED STATEMENTOF OPERATIONS
FORTHEMONTHENDEDFEBUARY 28, 2014
(in thousands)
Revenues: | ||||
Premiums earned | $ | 754 | ||
Net investment income | 199 | |||
|
| |||
Total revenues | 953 | |||
|
| |||
Expenses: | ||||
Underwriting Expenses | 49 | |||
General and administrative expenses | 263 | |||
|
| |||
Total expenses | 312 | |||
|
| |||
(Loss) income before federal income taxes | 641 | |||
Federal income tax benefit | — | |||
|
| |||
Net (loss) income | $ | 641 | ||
|
|