OneMain Holdings Inc 2024年度报告

A message fromthe CEO to ourshareholdersand friends. Dear Shareholders, In 2024, OneMain made significant progress across ourcore business and growth initiatives. We met or exceededthe expectations we laid out for investors at the start of theyear, demonstrating once again the strength and resilienceof our business model and our ability to navigate througheconomic cycles while remaining steadfast in our mission.We continue to be the lender of choice for the nonprimeconsumer, and the momentum we’ve built this past yearpositions us well to deliver strong, long-term shareholdervalue through any economic environment. We ended the year with $685 million in capital generation1—an achievementthat reflects our ability to grow revenues with a disciplined focus on credit, costefficiency, and customer service. We expect 2024 to mark the bottom of this cycle,and we enter 2025 with careful optimism toward a trajectory of increasing earningsand capital generation. Our business is built on a foundation ofstaying close to our customers, rigorouscredit and balance sheet management,and decades of proprietary data andexperience serving hardworking Americans.In 2024, we served 3.4 million customers,grew originations in our personal loanbusiness, expanded our credit card2andauto finance products, and delivered solidgrowth in receivables,3which increased11% to $24.7 billion. We also advanced our multi-productplatform. In auto finance, we completedthe acquisition of Foursight Capital, givingus new capabilities and a stronger positionwith both franchise and independentdealers. Our auto finance receivables4grew to $2.4 billion, with credit performanceoutperforming comparable industrybenchmarks. In credit cards, we grew ourportfolio to more than 780,000 accountsand $640 million in receivables, whilecontinuing to improve the digital experiencefor our customers and drive operatingefficiency. We remain disciplined in scalingthese businesses and believe they will bemeaningful drivers of long-term growth. Our personal loan business continuesto be the primary financial engine ofOneMain. We refined our credit modelswith new data sources and advancedanalytics, enhanced our branch anddigital experiences, and launched newofferings such as credit card-to-loancross-marketing in our mobile app. Duringthe year we maintained a conservativecredit posture, but innovations like theseare delivering results and positioning us forcontinued great performance. Our balance sheet remains a criticalstrategic differentiator. We raised$3.9 billion in funding during the year—including $2.4 billion in high yield bondsand $1.1 billion in 7-year securedfunding—and expanded our whole loansale program. Our funding strategy, with diversified funding sources and staggeredmaturities, combined with our strongliquidity position, allows us to weathera wide range of market environments. These accolades reflect our commitment tobusiness excellence, innovation, and doingright by our customers and employees. Looking to 2025, our priorities remain clear.We will carefully manage the business andclosely monitor the health of the nonprimeconsumer given the backdrop of continueduncertainty in the macroeconomicenvironment. We have the advantage of aworld-class team, disciplined execution,unparalleled credit management, and afortress balance sheet to position us wellto outperform during uncertain times. We also remain committed to supportingour customers’ financial well-being andthe communities where we live and work.Trim by OneMain®, our free financialwellness platform, has helped customerssave millions of dollars through billnegotiations and subscription cancellations.Our financial education program, CreditWorthy by OneMain Financial®, reachedmore than 440,000 high school studentsacross more than 4,100 schools sinceinception, with strong engagement andvolunteerism from our team members. Our capital allocation strategy remainsunchanged: first, to invest in high-qualityloan originations and strategic initiativesthat position us well for the long-term;second, to maintain our regular dividend—which at $4.16 per share currently yieldsaround 9%;6and third, to deploy anyexcess capital to share repurchasesor strategic opportunities. In 2024, we Our efforts were recognizedbyNewsweekandTIME, whichnamed OneMain to theirlists of top-performing and most responsible companies in America. “Over the last five years, OneMain delivered a cumulativetotal shareholder return 2.3 times the return on the NYSEComposite Index, 2.3 times the return on the NYSE FinancialSector Index, and 6.0 times our Proxy peer median return.” I am extremely proud of our company’sperformance, but none of this would bepossible without the dedication of ournearly 9,000 team members. Their hardwork and commitment to our customersare what drive our success every day. returned approximately $533 million toshareholders through our dividend andshare repurchases. OneMain today is a fundamentally strongerand more