OneMain (OMF) - 2020 Q4 - Earnings Call Presentation

Financial Performance - OneMain Financial's net income for 4Q20 was $359 million, a 38% increase year-over-year[24] - Consumer & Insurance (C&I) adjusted net income for 4Q20 was $373 million, up 39% year-over-year[24] - Net charge-offs in 4Q20 were $189 million, a 28% decrease year-over-year[25] - Net income for FY2020 was $730 million, a 15% decrease year-over-year[24] - C&I adjusted net income for FY2020 was $819 million, an 11% decrease year-over-year[24] Credit Quality - The 30-89 day delinquency ratio was 23%, down 19 bps year-over-year in 4Q20[25] - The 90+ day delinquency ratio was 17%, down 36 bps year-over-year in 4Q20[25] - Net charge-offs were 42% in 4Q20, down 153 bps year-over-year[25] - Net charge-offs were 55% in FY20, down 48 bps year-over-year[25] Capital and Liquidity - Net leverage was 43x, at the lower end of the target range of 4-6x[20,27] - The company declared a dividend of $395 per share in 1Q21[20] - Ending net receivables were $181 billion, down 2% year-over-year[27] Origination and Portfolio - 44% of loans were closed digitally in 4Q20[20,77] - Originations were $32 billion in 4Q20, compared to $37 billion in 4Q19[44] - The portfolio secured mix was 53%, up from 52% year-over-year[27]