OneMain Holdings Inc (N:OMF)
Business Focus: Consumer Lending
| Sector: Financials | Industry: Consumer Lending |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 601 NW 2nd St EVANSVILLE IN 47708-1013 |
| Tel: | N/A |
| Website: | https://investor.onemainfinancial.com |
| IR: | See website |
| Key People | ||
| Douglas H. Shulman Chairman of the Board, President, Chief Executive Officer | Jenny Osterhout Chief Financial Officer | Micah R. Conrad Chief Operating Officer |
| Business Overview |
| OneMain Holdings, Inc. is a financial service holding company. The Company provides personal loan products; offers credit cards; offers optional credit insurance and other; offers a customer-focused financial wellness program, and acquisitions and dispositions of assets and businesses. It provides origination, underwriting, and servicing of personal loans, primarily to nonprime customers. In addition, the Company offers two credit cards, BrightWay and BrightWay+, through a third-party bank partner. The Company offers optional credit insurance products, such as credit life insurance, which provides for payment to the lender of the finance receivable in the event of the borrower's death; credit disability insurance, which provides scheduled monthly loan payments to the lender during borrower's disability due to illness or injury, and credit involuntary unemployment insurance, which provides scheduled monthly loan payments to the lender during borrower's involuntary unemployment. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, OneMain Holdings Inc revenues increased 4% to $5.3B. Net income decreased 26% to $641M. Revenues reflect Segment to GAAP Adjustment increase from $0K to $1M. Net income was offset by Provision for finance receivable losses increase of 23% to $1.72B (expense), Other operating expenses increase of 9% to $675M (expense). Dividend per share increased from $3.80 to $4.00. |
| Employees: | 9,100 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $24,944M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,300M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,098M as of Dec 31, 2023 |
| Net annual income (TTM): | $641.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2,032M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $18,799M as of Dec 31, 2023 |
| Shares outstanding: | 119,766,033 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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