OMF - OneMain Holdings Inc. (OMF) Q4 2023 Earnings Call Transcript

2024-02-07 12:47:03 ET

OneMain Holdings, Inc. (OMF)

Q4 2023 Earnings Conference Call

February 7, 2024 09:00 AM ET

Company Participants

Peter Poillon - Head of Investor Relations

Douglas Shulman - Chairman of the Board and Chief Executive Officer

Micah Conrad - Executive Vice President and Chief Financial Officer

Conference Call Participants

Vincent Caintic - Stephens

Richard Shane - JPMorgan

Michael Kaye - Wells Fargo

Moshe Orenbuch - TD Cowen

Terry Ma - Barclays

Mihir Bhatia - Bank of America

Arren Cyganovich - Citi

Presentation

Operator

Welcome to the OneMain Financial Fourth Quarter and Full-Year 2023 Earnings Conference Call and Webcast. Hosting the call today from OneMain is Peter Poillon, Head of Investor Relations. Today's call is being recorded. At this time, all participants have been placed on a listen-only mode. And the floor will be open for your questions following the presentation. [Operator Instructions].

It is now my pleasure to turn the floor over to Peter Poillon. You may begin.

Peter Poillon

Thank you, operator. Good morning, everyone, and thank you for joining us. Let me begin by directing you to Page 2 of the fourth quarter 2023 investor presentation, which contains important disclosures concerning forward-looking statements and the use of non-GAAP measures. The presentation can be found in the Investor Relations section of the OneMain website. Our discussion today will contain certain forward-looking statements reflecting management's current beliefs about the company's future financial performance and business prospects, and these forward-looking statements are subject to inherent risks and uncertainties and speak only as of today. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in our earnings press release. We caution you not to place undue reliance on forward-looking statements.

If you may be listening to this via replay at some point after today, we remind you that the remarks made herein are as of today, February 7th, and that have not been updated subsequent to this call.

Our call this morning will include the formal remarks from Doug Shulman, our Chairman and Chief Executive Officer; and Micah Conrad, our Chief Financial Officer. After the conclusion of our formal remarks, we will conduct a question-and-answer session.

I'd like to now turn the call over to Doug.

Douglas Shulman

Thanks, Pete, and good morning, everyone. Thank you for joining us today. I'm going to provide a brief overview of 2023, and then I'll discuss our performance for the fourth quarter and our progress against key strategic initiatives. As many of you heard at Investor Day in December, while we continue to navigate the current credit environment, we feel that OneMain has never been better positioned for medium and long-term outperformance....

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