A Walmart Supercenter cart sits outside of the store on February 20, 2024, in Hallandale Beach, Florida.When markets get rocky, dividend-paying stocks can give investors' portfolios the cushioning they need to ride out volatile times.Finding the right dividend payers can be difficult, though. Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued dividends.Here are three ...

OneMain Holdings, Inc. (OMF) has completed its previously announced deal to acquire Foursight Capital LLC from Jefferies Financial Group Inc. (JEF) . As part of its efforts to expand into the automobile lending business, OMF announced the transaction in November 2023.Being an automobile finance company, Foursight purchases and services automobile retail installment contracts primarily made to near-prime borrowers across 38 states. The contracts are sourced through an extensive network of dealers.OneMain, wh ...

NEW YORK, April 1, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime consumers responsible access to credit, announced today that it has completed its previously announced acquisition of Foursight Capital LLC ("Foursight"). Founded in 2012, Foursight is an automobile finance company that purchases and services automobile retail installment contracts primarily made to near-prime borrowers across the country. Contracts are sourced through an extensive network ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of American Health and Life Insurance Company (AHLIC) and Triton Insurance Company (Triton) (both domiciled in Fort Worth, TX). Both companies are wholly owned subsidiaries of OneMain Holdings, Inc. (OneMain) [NYSE: OMF] (headquartered in Evansville, IN). The outlook of these Credit Ratings (ratings) is stable. The ratings of AHLIC reflect its balance shee ...

NEW YORK, March 7, 2024 /PRNewswire/ -- New research released today shows that students who took OneMain Financial's proprietary credit education course for high school students – Build: Credit Fundamentals – demonstrated significant improvement in understanding the importance of building and maintaining good credit, critical skills in successfully managing finances. "The Importance of Credit-Based Education for High School Students," developed by EVERFI from Blackbaud, the leader in powering social impact ...

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today announced the appointments of Jenny Osterhout as the company's Chief Financial Officer (CFO) and Micah Conrad as the company's Chief Operating Officer (COO), both effective March 31, 2024. Osterhout currently serves as the company's Chief Strategy Officer, and Conrad currently is the company's CFO. "Micah built a world class funding program and led discipl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36129 (OneMain Holdings, Inc.) 001-06155 (OneMain Finance Corporation) ONEMAIN HOLDINGS, INC. ONEMAIN FINANCE CORPORATION (Exact name ...

Financial Data and Key Metrics Changes - In Q4 2023, net income was $165 million or $1.38 per diluted share, down 4% from $1.44 per diluted share in Q4 2022 [60] - Full-year 2023 net income was $641 million, with capital generation of $794 million [60] - Capital generation return on receivables was just below 4% [60] - Interest income for Q4 was $1.2 billion, up 6% year-over-year, driven by higher average receivables [62] - The average APR on loan originations increased to around 27% compared to 26% a year ago [61] Business Line Data and Key Metrics Changes - The auto finance business grew more than $350 million in 2023, reaching almost $750 million in receivables at year-end [50][57] - The credit card business grew to $330 million in receivables with 430,000 customers [50] - Fourth quarter originations totaled $3 billion, down 13% year-over-year due to tightened underwriting [52][61] Market Data and Key Metrics Changes - The delinquency rate for loans originated in the second half of 2023 is expected to be about 1%, while the overall portfolio has a delinquency rate closer to 4% [2] - The 30 to 89 delinquency rate at December 31 was 3.28%, with 90-plus delinquency at 2.88% [67] - The back book still represented 57% of delinquent receivables at year-end [68] Company Strategy and Development Direction - The company is focused on maintaining a conservative credit posture and has tightened its credit box throughout 2023 [46][61] - The acquisition of Foursight is expected to enhance access to franchise auto dealers and drive profitable growth in the auto finance business [50][57] - The company aims to invest in high-quality loans and new products while maintaining a strong dividend policy [58] Management's Comments on Operating Environment and Future Outlook - Management anticipates peak losses in 2024, with a range of 7.7% to 8.3% for full-year consolidated net charge-offs [3][79] - The company is confident in the performance of newer vintages and expects losses to peak as the back book runs down [70] - Management acknowledges the macroeconomic uncertainty but believes the company is well-positioned for growth once conditions stabilize [82] Other Important Information - The company generated nearly $800 million in capital in 2023, reflecting a strong business model [49] - Operating expenses for Q4 were $382 million, up 4% year-over-year, with an OpEx ratio of 6.8% [71] - The company ended the year with $1 billion in cash, providing significant funding flexibility for 2024 [74] Q&A Session Summary Question: Can you elaborate on the portfolio growth dynamics and how they affect delinquencies and losses in 2024? - Management discussed the impact of the pace of originations and the mix shift between front and back book on delinquencies and losses [86] Question: What is the confidence level and timeframe for returning to the target underwriting loss range of 6% to 7%? - Management indicated that achieving the 6% to 7% range is likely a 2025 event, depending on the performance of the back book [96] Question: Why is the allowance ratio stable despite an improving credit profile? - Management explained that the CECL model incorporates various assumptions, and the majority of first-half losses are expected from the underperforming back book [104] Question: How does the competitive environment look currently? - Management noted that the competitive environment has normalized, with a healthy respect for competition while maintaining a strong position in the market [108]

OneMain Holdings (OMF) reported $917 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $1.39 for the same period compares to $1.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $913.9 million, representing a surprise of +0.34%. The company delivered an EPS surprise of +2.96%, with the consensus EPS estimate being $1.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

4Q 2023 Diluted EPS of $1.38 4Q 2023 C&I adjusted diluted EPS of $1.39 4Q 2023 Managed receivables of $22.2 billion Declared quarterly dividend of $1.00 per share Repurchased 531 thousand shares for $20 million in 4Q NEW YORK, Feb. 7, 2024 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $220 million and net income of $165 million for the fourth quarter of 2023, compared to $233 million and $176 mi ...