Syncora Guarantee Inc. on Tuesday reported its statutory surplus declined to $99.7 million in the fourth quarter of 2009, down from $181.8 million in the third quarter.

The decline was in line with a company statement on Jan. 20 that warned its surplus would see “a material decrease” in the quarter but that it wouldn’t breach the regulatory minimum of $65 million, as set by the New York Insurance Department.

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