OneMain Holdings, Inc. (NYSE:OMF) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET

Company Participants

Peter Poillon - Head of Investor Relations

Doug Shulman - Chairman & Chief Executive Officer

Micah Conrad - Chief Financial Officer

Conference Call Participants

Michael Kaye - Wells Fargo

Kevin Barker - Piper Sandler

Vincent Caintic - Stephens

David Scharf - JMP Securities

John Hecht - Jefferies

Mihir Bhatia - Bank of America

Operator

Good day and welcome to the OneMain Financial Third 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. [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 third 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, October 25 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 and thank you all for joining us today. Today, I'll cover our results for the quarter as well as some of our strategic priorities. I'll start by saying that I'm really pleased with the results of the quarter, especially in light of the current economic environment. Capital generation, the key metric against which we measure financial performance and manage our business, was $232 million, up $40 million from last quarter.