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Syncora Holdings reports lower operating income YOY in FY'17

Syncora Holdings Ltd. reported non-GAAP operating income of $148.3 million, or $1.71 per common share, for the year ended Dec. 31, 2017, a decrease from $150.9 million, or $2.22 per common share, in 2016.

Net income attributable to controlling interest for 2017 was $133.5 million, compared with $32.7 million in 2016.

GAAP earnings attributable to common shareholders was $133.5 million for 2017, compared with $147.9 million in 2016. GAAP earnings per common share for 2017 was $1.54, compared with $2.18 a year ago.