OneMain Holdings, Inc. (NYSE:OMF) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET

Company Participants

Peter Poillon - Head, Investor Relations

Doug Shulman - Chairman & Chief Executive Officer

Micah Conrad - Chief Financial Officer

Conference Call Participants

Vincent Caintic - Stephens

Michael Kaye - Wells Fargo

Mihir Bhatia - Bank of America

Kevin Barker - Piper Sandler

Rick Shane - JPMorgan

Matthew Hurwit - Jefferies

Operator

Welcome to the OneMain Financial's Second Quarter 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 in 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, Shelby. Good morning everyone and thank you for joining us. Let me begin by directing you to page two of the second 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 our 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, July 26th and have not been updated subsequent to this call.

Our call this morning will include 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.

Doug Shulman

Thanks Pete and good morning everyone. Thank you for joining us today. Today I'll cover our results for the quarter, our competitive positioning in the current economic environment, and our strategic initiatives.

Let me begin by mentioning the important progress OneMain has made this year in growing our products and channels to serve more hard-working Americans. This includes our BrightWay credit card and our expanded secured distribution channels, both of which have continued to show steady growth and strong credit performance.