Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Onemain Holdings Inc's Business Segments
Onemain Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
Consumer and Insurance Consumer and Insurance
Total Revenue
$ 797
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Consumer and Insurance Consumer and Insurance24.5%
- Other0.3%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Consumer and Insurance Consumer and Insurance | $ 195 | 24.5% |
| Other | $ 2 | 0.3% |
Annual Results
Revenue Share by Reportable Segment - FY
- Consumer and Insurance Consumer and Insurance24.5%
- Other0.3%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Consumer and Insurance Consumer and Insurance | $ 195 | 24.5% |
| Other | $ 2 | 0.3% |
Description of Onemain Holdings Inc
OneMain Holdings Inc. is an American financial services company that provides personal loans and other credit-related products to customers in the United States. The company is headquartered in Evansville, Indiana, and has over 1,500 branches across the United States. It was founded in 1912 as Springleaf Financial and was acquired by Fortress Investment Group LLC in 2010 before being rebranded as OneMain Holdings Inc. in 2015.
The primary focus of OneMain Holdings Inc. is to provide personal loans to customers who have limited access to traditional credit markets. The company offers secured and unsecured personal loans, which can be used for a variety of purposes including debt consolidation, home improvement, auto repair, and medical bills. Loan amounts range from $1,500 to $20,000, and loan terms range from 24 to 60 months. Interest rates vary depending on the borrower's credit history, with rates ranging from 18% to 35.99%. OneMain Holdings Inc. also offers other credit-related products, including credit insurance, debt protection, and credit monitoring.
OneMain Holdings Inc. has grown significantly over the years through a combination of organic growth and strategic acquisitions. In 2012, the company acquired American General Finance, which added over 1,300 branches to its network. In 2015, OneMain acquired Citigroup's OneMain Financial Services, which further expanded its presence in the United States. The company has also invested heavily in technology to improve its customer experience and streamline its operations.
In 2018, OneMain Holdings Inc. reported $4.9 billion in total revenue and $711 million in net income. The company has over 10,000 employees and is listed on the New York Stock Exchange under the ticker symbol OMF. OneMain Holdings Inc. has consistently received positive ratings from credit rating agencies, with Moody's rating the company Ba3 and Standard & Poor's rating it BB. The company has also received recognition for its corporate social responsibility efforts and was named one of the "World's Most Ethical Companies" by Ethisphere Institute in 2019.
The primary focus of OneMain Holdings Inc. is to provide personal loans to customers who have limited access to traditional credit markets. The company offers secured and unsecured personal loans, which can be used for a variety of purposes including debt consolidation, home improvement, auto repair, and medical bills. Loan amounts range from $1,500 to $20,000, and loan terms range from 24 to 60 months. Interest rates vary depending on the borrower's credit history, with rates ranging from 18% to 35.99%. OneMain Holdings Inc. also offers other credit-related products, including credit insurance, debt protection, and credit monitoring.
OneMain Holdings Inc. has grown significantly over the years through a combination of organic growth and strategic acquisitions. In 2012, the company acquired American General Finance, which added over 1,300 branches to its network. In 2015, OneMain acquired Citigroup's OneMain Financial Services, which further expanded its presence in the United States. The company has also invested heavily in technology to improve its customer experience and streamline its operations.
In 2018, OneMain Holdings Inc. reported $4.9 billion in total revenue and $711 million in net income. The company has over 10,000 employees and is listed on the New York Stock Exchange under the ticker symbol OMF. OneMain Holdings Inc. has consistently received positive ratings from credit rating agencies, with Moody's rating the company Ba3 and Standard & Poor's rating it BB. The company has also received recognition for its corporate social responsibility efforts and was named one of the "World's Most Ethical Companies" by Ethisphere Institute in 2019.
OneMain Holdings Inc. is a prominent financial services firm focused on providing a diverse range of segments, products, and services tailored to meet the financial needs of its customers. The company primarily specializes in personal loans and offers various related financial products, catering to individuals seeking credit solutions.
Segments
1. Consumer and Insurance Sector:
- This segment emphasizes personal loans, catering to a wide range of consumer needs. OneMain provides various personal loan options, which include:
- Secured Loans: Loans backed by collateral (such as a vehicle or savings account), typically offering lower interest rates.
- Unsecured Loans: Loans that do not require collateral, making them accessible to a broader audience, though they may come with higher interest rates.
- Vehicle Loans: Financing specifically designated for the purchase of new or used vehicles, with competitive terms based on the borrower’s creditworthiness.
- In addition to loans, this segment also encompasses a range of insurance products designed to provide financial protection, including:
- Credit Insurance: Coverage that helps cover loan payments in case the borrower is unable to pay due to unforeseen circumstances like job loss or disability.
- Debt Cancellation Insurance: Policies that can cancel outstanding debts in the event of the borrower’s death or other qualifying events.
- Accidental Death Insurance: A form of life insurance that pays benefits in the event of accidental death, providing peace of mind to borrowers and their families.
2. Home Equity Segment:
- This division focuses on leveraging home equity for financial needs. OneMain offers products such as:
- Home Equity Loans: Fixed-rate loans that allow homeowners to borrow against the equity in their homes. These are typically used for significant expenses such as renovations, education costs, or large purchases.
- Home Equity Lines of Credit (HELOCs): Flexible credit lines that allow homeowners to withdraw funds as needed up to a certain limit, commonly used for ongoing expenses like home improvements or emergencies.
Products
1. Personal Loans:
- OneMain’s core offering is personal loans, which cater to various needs such as:
- Debt Consolidation: Helping customers manage multiple debts effectively by consolidating them into a single loan with a potentially lower interest rate.
- Home Improvements: Funding renovations or repairs that increase the value of a property.
- Major Purchases: Enabling customers to finance significant purchases, including appliances, vacations, and more.
- The loan amounts generally range from a few hundred dollars to $20,000 or more, depending on the customers credit profile.
2. Home Equity Loans:
- These loans enable homeowners to access substantial amounts of cash based on their home’s equity. They are beneficial for:
- Funding large home improvement projects which can add value to the property.
- Consolidating and managing high-interest debts.
3. Auto Loans:
- OneMain offers financing options for purchasing new and used vehicles. These loans feature:
- Varying interest rates reflecting the borrower’s creditworthiness.
- Options to refinance existing car loans under favorable terms.
4. Insurance Products and Services:
- A selection of insurance offerings helps safeguard customers against unexpected financial burdens:
- Policies like credit insurance and debt cancellation offer peace of mind and financial protection, ensuring that borrowers can manage their obligations more easily.
Services
1. Debt Consolidation Services:
- OneMain’s debt consolidation service is designed to streamline finances for customers facing challenges due to multiple outstanding debts. It allows:
- Consolidation of high-interest debts into a single, manageable loan, potentially reducing the overall interest burden and making repayment more straightforward.
2. Online Banking:
- The companys online banking platform enhances customer convenience by providing:
- A user-friendly interface for managing accounts and loans.
- Facilities such as account balance checks, payment capabilities, and access to other financial tools and resources.
3. Financial Education:
- OneMain is committed to enhancing the financial literacy of its customers by providing educational resources, which include:
- Webinars, articles, and guides that empower customers to make informed financial decisions.
- Tools that promote better understanding of budgeting, saving, and responsible borrowing.
Through these robust segments, products, and services, OneMain Holdings Inc. aims to support customers in managing their financial needs while offering them the insights and services necessary to achieve their financial goals.
Segments
1. Consumer and Insurance Sector:
- This segment emphasizes personal loans, catering to a wide range of consumer needs. OneMain provides various personal loan options, which include:
- Secured Loans: Loans backed by collateral (such as a vehicle or savings account), typically offering lower interest rates.
- Unsecured Loans: Loans that do not require collateral, making them accessible to a broader audience, though they may come with higher interest rates.
- Vehicle Loans: Financing specifically designated for the purchase of new or used vehicles, with competitive terms based on the borrower’s creditworthiness.
- In addition to loans, this segment also encompasses a range of insurance products designed to provide financial protection, including:
- Credit Insurance: Coverage that helps cover loan payments in case the borrower is unable to pay due to unforeseen circumstances like job loss or disability.
- Debt Cancellation Insurance: Policies that can cancel outstanding debts in the event of the borrower’s death or other qualifying events.
- Accidental Death Insurance: A form of life insurance that pays benefits in the event of accidental death, providing peace of mind to borrowers and their families.
2. Home Equity Segment:
- This division focuses on leveraging home equity for financial needs. OneMain offers products such as:
- Home Equity Loans: Fixed-rate loans that allow homeowners to borrow against the equity in their homes. These are typically used for significant expenses such as renovations, education costs, or large purchases.
- Home Equity Lines of Credit (HELOCs): Flexible credit lines that allow homeowners to withdraw funds as needed up to a certain limit, commonly used for ongoing expenses like home improvements or emergencies.
Products
1. Personal Loans:
- OneMain’s core offering is personal loans, which cater to various needs such as:
- Debt Consolidation: Helping customers manage multiple debts effectively by consolidating them into a single loan with a potentially lower interest rate.
- Home Improvements: Funding renovations or repairs that increase the value of a property.
- Major Purchases: Enabling customers to finance significant purchases, including appliances, vacations, and more.
- The loan amounts generally range from a few hundred dollars to $20,000 or more, depending on the customers credit profile.
2. Home Equity Loans:
- These loans enable homeowners to access substantial amounts of cash based on their home’s equity. They are beneficial for:
- Funding large home improvement projects which can add value to the property.
- Consolidating and managing high-interest debts.
3. Auto Loans:
- OneMain offers financing options for purchasing new and used vehicles. These loans feature:
- Varying interest rates reflecting the borrower’s creditworthiness.
- Options to refinance existing car loans under favorable terms.
4. Insurance Products and Services:
- A selection of insurance offerings helps safeguard customers against unexpected financial burdens:
- Policies like credit insurance and debt cancellation offer peace of mind and financial protection, ensuring that borrowers can manage their obligations more easily.
Services
1. Debt Consolidation Services:
- OneMain’s debt consolidation service is designed to streamline finances for customers facing challenges due to multiple outstanding debts. It allows:
- Consolidation of high-interest debts into a single, manageable loan, potentially reducing the overall interest burden and making repayment more straightforward.
2. Online Banking:
- The companys online banking platform enhances customer convenience by providing:
- A user-friendly interface for managing accounts and loans.
- Facilities such as account balance checks, payment capabilities, and access to other financial tools and resources.
3. Financial Education:
- OneMain is committed to enhancing the financial literacy of its customers by providing educational resources, which include:
- Webinars, articles, and guides that empower customers to make informed financial decisions.
- Tools that promote better understanding of budgeting, saving, and responsible borrowing.
Through these robust segments, products, and services, OneMain Holdings Inc. aims to support customers in managing their financial needs while offering them the insights and services necessary to achieve their financial goals.