Element Fleet Management Corp. announced earnings results for the year ended December 31, 2016. For the year, the company reported after-tax adjusted operating income was $421.4 million, of which $385.8 million or $1.00 per share (basic) was attributable to common shareholders, up 45% from $0.69 reported in 2015. Net interest income and rental revenue, net of interest expense and provision for credit losses, grew by 52% to $422.9 million. Service and other revenue grew by 96% to $513.7 million and represented 55% of total revenue (net financial income) compared with 49% in the previous year. After-tax adjusted return on tangible equity was 24.1% versus 21.5% for the previous year.