Capital Stock and Earnings Per Share (OMH Only) (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of par value and shares authorized

Par value and shares authorized at December 31, 2023 were as follows:


	OMH				OMFC
	Preferred Stock *		Common Stock		Special Stock *		Common Stock

Par value	$	0.01	$	0.01	$	—	$	0.50
Shares authorized	300,000,000		2,000,000,000		25,000,000		25,000,000

* No shares of OMH preferred stock or OMFC special stock were issued and outstanding at December 31, 2023 or 2022.

Schedule of changes in shares issued and outstanding

Changes in OMH shares of common stock issued and outstanding were as follows:



At or for the Years Ended December 31,	2023	2022	2021

Balance at beginning of period	121,042,125	127,809,640	134,341,724
Common shares issued	285,480	333,038	180,839

Common shares repurchased	(1,651,717)	(7,181,023)	(6,712,923)
Treasury stock issued	81,389	80,470	—
Balance at end of period	119,757,277	121,042,125	127,809,640

OMFC shares issued and outstanding were as follows:


	Special Stock		Common Stock
	2023	2022	2023	2022

Shares issued and outstanding	—	—	10,160,021	10,160,021

Computation of earnings per share

The computation of earnings per share was as follows:


(dollars in millions, except per share data)

Years Ended December 31,	2023		2022		2021

Numerator (basic and diluted):
Net income	$	641	$	872	$	1,314
Denominator:
Weighted average number of shares outstanding (basic)	120,382,227		124,178,643		132,653,889
Effect of dilutive securities *	247,363		238,631		400,605
Weighted average number of shares outstanding (diluted)	120,629,590		124,417,274		133,054,494
Earnings per share:
Basic	$	5.33	$	7.02	$	9.91
Diluted	$	5.32	$	7.01	$	9.88

* We have excluded weighted-average unvested restricted stock units totaling 1,048,970, 1,335,442, and 421,511 for 2023, 2022, and 2021, respectively, from the fully-diluted earnings per share calculations as these shares would be anti-dilutive, which could impact the earnings per share calculation in the future.