Syncora Holdings Q3 2016 Earnings Highlights

Financial guarantor Syncora Holdings reported third quarter 2016 results with GAAP net income of $12.6 million and non-GAAP operating income of $101.4 million. The company completed a comprehensive restructuring in August 2016 and achieved significant improvements in adjusted book value to $541.5 million. Consolidated net par exposure decreased to $22.8 billion while the company processed multiple remediation transactions including settlements and portfolio improvements.