OneMain (US:OMF)2025-06-27 14:34Financial Performance - The company's net income was $27 million, with a diluted EPS of $020[9] - Consumer and Insurance (C&I) adjusted net income reached $108 million[9] - C&I adjusted diluted EPS was $080[9] - The company delivered strong unlevered returns of 10%+[35, 40, 61] Credit Quality - C&I net charge-off (NCO) ratio was 75%, up seasonally from 62% in 3Q16[9] - The 30–89 delinquency ratio decreased to 23% from 26% in 3Q16[9] - C&I non-TDR loan loss reserve decreased by $10 million or 8bps from 3Q16[9] - The company expects 2017 C&I net charge-off (NCO) ratio to be in the low 7's[25] Receivables and Originations - C&I average net receivables were $135 billion, up 55% from 4Q15[9] - Secured originations at former OneMain were 36%, up from 13% in 4Q15[9] Capital and Liquidity - Tangible leverage ratio was 104x, on track to reach ~7x by 4Q18[9] - The company issued ~$500 million of asset-backed debt at a 31% cost of funds[9] - ~$5 billion of available cash and undrawn conduits as of December 31, 2016[9]