NEW
YORK, Dec. 6, 2023 /PRNewswire/ -- OneMain
Financial (NYSE: OMF), the leader in offering nonprime consumers
responsible access to credit, will host its Investor Day today
beginning at 1:00 p.m. Eastern time.
Members of OneMain's executive management team will discuss the
Company's competitive strengths, differentiated business model and
disciplined strategy to substantially expand its addressable
market, drive profitable growth and sustain strong capital
generation.
"In a world where many Americans have a hard time obtaining
access to responsible credit, OneMain is there for our customers,
helping them to meet their needs today and plan for a better
tomorrow," said Doug Shulman,
Chairman and CEO of OneMain. "Our resilient business model delivers
strong returns across economic cycles, and we have expanded our
total addressable market tenfold through new products, channels and
digital capabilities. We will discuss the opportunities ahead and
the value we bring to both our customers and shareholders."
At Investor Day, OneMain executives will discuss the evolution
of the business and opportunities for the Company going forward,
including:
- OneMain's competitive position and differentiated business
model.
- Its disciplined strategy to drive profitable growth.
- The unique advantages of its operating model, including
sophisticated data analytics and underwriting expertise.
- Its line of sight to expected significant capital generation
growth and strong returns to shareholders.
In addition to Shulman, presenters will include Jenny Osterhout, Chief Strategy Officer;
Rajive Chadha, Chief Operating
Officer; Dinesh Goyal, Chief Credit
Officer; and, Micah Conrad, Chief
Financial Officer.
2023 Investor Day
Today's event will begin at 1:00 p.m.
Eastern time and is expected to conclude at approximately
3:30 p.m. Eastern time. The Company
will stream the event live and will make conference materials,
including a replay of the webcast, available on its Investor
Relations page after the conclusion of the live event.
About OneMain Financial
OneMain Financial (NYSE: OMF) is the leader in offering nonprime
consumers responsible access to credit and is dedicated to
improving the financial well-being of hardworking Americans. We
empower our customers to solve today's problems and reach a better
financial future through personalized solutions available online
and in 1,400 locations across 44 states. OneMain is committed to
making a positive impact on the people and the communities we
serve. For additional information, please
visit www.OneMainFinancial.com.
Forward-Looking Statements
Certain statements contained herein are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements preceded by, followed by or that
otherwise include the words "anticipates," "appears," "assumes,"
"believes," "can," "continues," "could," "estimates," "expects,"
"forecasts," "foresees," "goals," "intends," "likely," "objective,"
"plans," "projects," "target," "trend," "remains," and similar
expressions or future or conditional verbs such as "could," "may,"
"might," "should," "will" or "would" are intended to identify
forward-looking statements, but these words are not the exclusive
means of identifying forward-looking statements.
Forward-looking statements are not statements of historical fact
but instead represent only management's current beliefs regarding
future events, objectives, goals, projections, strategies,
performance, and future plans, and underlying assumptions and other
statements related thereto. You should not place undue reliance on
these forward-looking statements. By their nature, forward-looking
statements are subject to risks, uncertainties, assumptions and
other important factors that may cause actual results, performance
or achievements to differ materially from those expressed in or
implied by such forward-looking statements. Important factors that
could cause actual results, performance, or achievements to differ
materially from those expressed in or implied by forward-looking
statements include, without limitation, the following: statements
relating to trends in or expectations relating to the effects of
our existing and any future initiatives, strategies, capital
generation and plans, as well as trends in or expectations
regarding our financial results and long-term growth model and
drivers; adverse changes and volatility in general economic
conditions, including the interest rate environment and the
financial markets; the sufficiency of our allowance for finance
receivable losses; increased levels of unemployment and personal
bankruptcies; the current inflationary environment and related
trends affecting customers; natural or accidental events such as
earthquakes, hurricanes, pandemics, floods or wildfires affecting
our customers, collateral, or our facilities; a failure in or
breach of our information, operational or security systems or
infrastructure or those of third parties, including as a result of
cyber-attacks, war or other disruptions; the adequacy of our credit
risk scoring models; adverse changes in our ability to attract and
retain employees or key executives; increased competition or
adverse changes in customer responsiveness to our distribution
channels or products; changes in federal, state, or local laws,
regulations, or regulatory policies and practices or increased
regulatory scrutiny of our business or industry; risks associated
with our insurance operations; the costs and effects of any actual
or alleged violations of any federal, state, or local
laws, rules or regulations; the costs and effects of any fines,
penalties, judgments, decrees, orders, inquiries, investigations,
subpoenas, or enforcement or other proceedings of any governmental
or quasi-governmental agency or authority; our substantial
indebtedness and our continued ability to access the capital
markets and maintain adequate current sources of funds to satisfy
our cash flow requirements; our ability to comply with all of our
covenants; the effects of any downgrade of our debt ratings by
credit rating agencies; and other risks and uncertainties described
in the "Risk Factors" and "Management's Discussion and Analysis"
sections of the Company's most recent Form 10-K filed with the SEC
and in the Company's other filings with the SEC from time to
time.
Investor Contact:
Peter R Poillon, 212-359-2432
peter.poillon@omf.com
Media Contact:
Kelly
Ogburn, 410-537-9028
kelly.ogburn@omf.com
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SOURCE OneMain Holdings, Inc.