OneMain Holdings Inc (NYSE: OMF) stock rose 1.18% after the company posted better than expected results for the fourth quarter of FY 20. The company has reported the net income of $359 million for the fourth quarter of 2020, compared to $261 million, in the prior year quarter. At the end of December, 2020, the company had principal debt balances outstanding of $18.1 billion, out of which 43% of which was secured and 57% of which was unsecured. The company had $2.3 billion of cash and cash equivalents, which included $211 million of cash and cash equivalents held at our regulated insurance subsidiaries or for other operating activities that are unavailable for general corporate purposes.

The cash and cash equivalents, together with the potential borrowings of $7.2 billion of undrawn committed capacity under the 13 revolving conduit facilities and $9.2 billion of unencumbered gross finance receivables, offers a liquidity runway in excess of 24 months under numerous stress scenarios and assuming no access to the capital markets.

Moreover, Consumer and Insurance Segment (C&I) has reported the adjusted pretax income of $498 million and adjusted net income of $373 million for the fourth quarter of 2020, compared to $352 million and $268 million, respectively, in the prior year quarter. Originations were of total $3.2 billion in the fourth quarter of 2020, down 13% from $3.7 billion in the prior year quarter. The percentage of secured originations was 52% in the fourth quarter of 2020, down from 54% in the prior year quarter. During the fourth quarter of 2020, Other reported an adjusted pretax loss of $2 million, compared to an adjusted pretax loss of $1 million in the prior year quarter. Other consists of the liquidating servicing activity from the SpringCastle Portfolio and the non-originating legacy operations.

OMF in the fourth quarter of FY 20 has reported the adjusted earnings per share of $2.77, beating the analysts’ estimates for the adjusted earnings per share of $1.93, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 35.9 percent to $850 million in the fourth quarter of FY 20, beating the analysts’ estimates for revenue by 1.68%.

Additionally, the company has recently declared a dividend of $3.95 per share payable on February 25, 2021 to record holders of the company’s common stock as of the close of business on February 18, 2021. The company plans to maintain a minimum quarterly dividend of $0.45 per share going forward.