Onemain Hldgs Inc Stock Price, News & Analysis

OneMain Holdings, Inc. (NYSE: OMF) will report its Q4 2020 results on February 8, 2021, after market close. The earnings release can be accessed on the company's investor relations website. A conference call to discuss the earnings and outlook is scheduled for February 9 at 8:00 am ET. Participants can join via phone or live audio webcast. OneMain Financial has a 100-year history of providing responsible loans with nearly 1,500 locations across 44 states, focusing on personal loan needs.

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' for American Health and Life Insurance Company (AHLIC) and Triton Insurance Company, both subsidiaries of OneMain Holdings, Inc. (OMF). The outlook for these ratings is stable. AHLIC's strong ratings are supported by its very strong balance sheet strength and operating performance but experience drag from OneMain’s financial leverage. Triton's ratings are similarly strong, but there are concerns about volatility in operating expenses and premium volume.

OneMain Holdings, Inc. (NYSE: OMF) announced the pricing of $500 million of its 4.000% senior notes due 2030, increasing the offering size to $850 million. The notes will be guaranteed by OneMain Holdings and are expected to close on December 17, 2020. Proceeds will be used to redeem $650 million of 7.75% Senior Notes due 2021, with a scheduled redemption date of January 8, 2021. This press release also notes the filing of a registration statement with the SEC for the offering's prospectus.

OneMain Holdings (NYSE: OMF) announced a proposed offering of $500 million in senior notes due 2030, backed by its subsidiary OneMain Finance Corporation. This offering aims to raise funds to redeem $650 million of existing senior notes due 2021 by January 8, 2021. The redemption of the 2021 notes is not contingent on the 2030 notes offering. The planned offering and any associated risks are detailed in the prospectus filed with the SEC. The company emphasizes its commitment to providing responsible loan products to non-prime consumers.

OneMain Holdings, Inc. (NYSE: OMF) announced that CEO Doug Shulman and CFO Micah Conrad will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 12:00 PM ET. Investors can listen to the live audio webcast at the Investor Relations section of OneMain’s website, with a replay available within 24 hours post-event. OneMain Financial, operating for over 100 years, has nearly 1,500 locations across 44 states, focusing on responsible personal loans. The company employs about 8,700 individuals committed to community support.

OneMain Holdings reported a pretax income of $341 million and net income of $250 million for Q3 2020, up from $297 million and $248 million in Q3 2019. Earnings per diluted share increased to $1.86 from $1.82. The company raised its quarterly dividend by 36% to $0.45 per share. Adjusted pretax income from the Consumer and Insurance segment rose to $393 million, with net income at $294 million. However, originations declined by 21% to $2.9 billion.

OneMain Holdings, Inc. (NYSE: OMF) is set to release its Q3 2020 earnings after market close on October 26, 2020. A conference call regarding the results will occur on October 27 at 8:00 AM ET, accessible via phone or live audio webcast. Interested parties can listen to a replay after the event until November 11, 2020. OneMain Financial, with nearly 1,500 locations in 44 states, has been providing responsible loan services for over a century, focusing on community support and transparency.

OneMain Financial has launched a Borrower’s Assistance program to support customers impacted by Hurricane Sally across Alabama, Florida, and Mississippi. Effective from September 25, 2020, this initiative allows eligible customers to defer loan payments until October 26, 2020. OneMain serves around 226,200 accounts with over $1.6 billion in receivables in these states. The program waives additional fees like late fees for those enrolled, reflecting the company's commitment to assisting customers in distress.

OneMain Financial has launched a Borrower’s Assistance program for customers impacted by Hurricane Sally in Alabama, Florida, and Mississippi. Effective from September 25, 2020, until October 26, 2020, the program offers eligible customers options such as deferring loan payments. The initiative covers six Alabama counties, eight Florida counties, and one Mississippi county, ensuring no additional fees for participating borrowers. OneMain services approximately 226,200 customer accounts with over $1.6 billion in outstanding receivables across these states.