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OneMain reports YOY increase in net income for Q4'17

OneMain Holdings Inc. reported fourth-quarter 2017 net income attributable to the company of $39 million, or 29 cents per share, up from $27 million, or 20 cents per share, in the year-ago period.

Consumer and insurance adjusted net income for the quarter was $144 million, up from $108 million in the prior-year quarter. Consumer and insurance adjusted EPS for the period was $1.06, an increase from 80 cents in the 2016 fourth quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.05.

For the full year 2017, the company reported net income attributable to the company of $183 million, or $1.35 per share, versus $215 million, or $1.59 per share, the previous year.

Consumer and insurance adjusted earnings for 2017 were $480 million, compared with $486 million in 2016. Consumer and insurance adjusted EPS was $3.54, compared to $3.60 a year ago.

The S&P Capital IQ consensus normalized EPS estimate for 2017 was $3.53.