Syncora Holdings Ltd. (fka SYCRF)

[betahighlander]

The balance sheet ratio should improve
if you reduce the Assets by 535 and the liabilities by 535 which represents the ceded business. the ratios of asset to liabilities improves. Maybe a nonevent to others but for me this is very good.


Total insurance operating assets, ceded business 536,439
Total assets $ 1,979,155

Total insurance operating liabilities, ceded business 536,439

Total liabilities 1,315,289

Not sure how how principle will get paid on the the $275milion
On November 14, 2018, the NYDFS approved the Company’s request for a net payment of $275 million on its long-term and short-term notes (including principal and accrued interest) to be made on December 28, 2018.