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Mar 31, 2020
OneMain Q1 2020 Earnings Report
OneMain Holdings reported a decrease in net income and earnings per share for Q1 2020 compared to the prior year quarter. The company focused on customer well-being and business resilience.
Key Takeaways
OneMain Holdings reported a net income of $32 million for the first quarter of 2020, a decrease from $152 million in the prior year quarter. Earnings per diluted share were $0.24, down from $1.11 in the prior year quarter. The Consumer and Insurance segment's adjusted net income, excluding loan loss reserves net of tax, increased by 22% year-over-year, reflecting the capital generation of the business.
Q1 2020 diluted EPS was $0.24.
C&I adjusted diluted EPS was $0.33.
C&I Ending Net Finance Receivables reached $18.3 billion.
C&I Net Charge-Off ratio was 6.46%.
OneMain
OneMain
OneMain Revenue by Segment
Revenue by Segment
Consumer & Insurance Revenue
CapyFin.com Forward Guidance
No specific forward guidance provided in the document.