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Syncora Holdings posts higher operating income YOY in FY'16

Syncora Holdings Ltd. reported non-GAAP operating income of $164.0 million, or $2.41 per common share, for the year ended Dec. 31, 2016, an increase from $119.0 million, or $2.11 per common share, in 2015.

Net income attributable to controlling interest for 2016 was $32.7 million, compared with $216.7 million in 2015.

GAAP earnings attributable to common shareholders of the company for 2016 was $147.9 million, compared with $300.1 million in 2015. GAAP earnings per common share for 2016 was $2.18, compared with $5.33 a year ago.