OneMain Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2024
July 31, 2024 at 06:47 am EDT
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OneMain Holdings, Inc. reported earnings results for the second quarter ended June 30, 2024. For the second quarter, the company reported net income was USD 71 million compared to USD 103 million a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.85 a year ago.
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 borrowerâs death; credit disability insurance, which provides scheduled monthly loan payments to the lender during borrowerâs disability due to illness or injury, and credit involuntary unemployment insurance, which provides scheduled monthly loan payments to the lender during borrowerâs involuntary unemployment.