SEGMENT FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Segment Reporting Information, by Segment

Below is a performance recap of each of the Company's divisions for the year ended December 31, 2023 followed by a reconciliation to consolidated Company data.


Year 2023	SC		MGA		SGA		AL		MS		VA		TN & KY		LA		TX		NGA		Total
	(In Millions)
Revenues:
Finance Charges Earned	$	38	$	35	$	35	$	44	$	29	$	1	$	33	$	24	$	6	$	32	$	277
Insurance Income	6		8		9		5		5		—		5		5		1		6		50
Other	1		1		1		1		1		—		1		—		—		1		7
	45		44		45		50		35		1		39		29		7		39		334

Expenses:
Interest Cost	6		6		6		7		4		—		5		4		1		5		44
Provision for Loan Losses	14		11		10		14		11		—		12		8		2		9		91
Depreciation	—		—		—		1		1		—		1		—		—		—		3
Other	16		15		14		17		13		1		17		12		6		15		126
	36		32		30		39		29		1		35		24		9		29		264

Division Profit	$	9	$	12	$	15	$	11	$	6	$	—	$	4	$	5	$	(2)	$	10	$	70

Division Assets:
Net Receivables	$	120	$	128	$	124	$	159	$	93	$	12	$	110	$	83	$	26	$	113	968
Cash	—		—		—		—		—		—		—		—		—		—		—
Net Fixed Assets	1		1		1		1		1		1		1		1		2		—		10
Other Assets	5		4		4		6		4		1		7		4		3		4		42
Total Division Assets	$	126	$	133	$	129	$	166	$	98	$	14	$	118	$	88	$	31	$	117	$	1,020


RECONCILIATION:	2023
	(In Millions)
Revenues:
Total revenues from reportable divisions	$	334.4
Corporate finance charges earned not allocated to divisions	0.3
Corporate investment income earned not allocated to divisions	10.0
Timing difference of insurance income allocation to divisions	6.6
Other revenues not allocated to divisions	$	0.1
Consolidated Revenues (1)	$	351.4

Net Income:
Total profit or loss for reportable divisions	$	70.0
Corporate earnings not allocated	17.0
Corporate expenses not allocated	(81.6)
Consolidated Income	$	5.4

Assets:
Total assets for reportable divisions	$	1,020.6
Loans held at corporate level	2.1
Unearned insurance at corporate level	(40.1)
Allowance for loan losses at corporate level	(71.4)
Cash and cash equivalents held at corporate level	38.1
Investment securities at corporate level	250.1
Fixed assets at corporate level	7.2
Other assets at corporate level	33.6
Consolidated Assets	$	1,240.3

Note 1: Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.

Below is a performance recap of each of the Company's divisions for the year ended December 31, 2022 followed by a reconciliation to consolidated Company data.


Year 2022	SC		MGA		SGA		AL		MS		VA		TN & KY		LA		TX		NGA		Total
	(In Millions)
Revenues:
Finance Charges Earned	$	38	$	35	$	35	$	43	$	29	$	—	$	29	$	27	$	—	$	31	$	267
Insurance Income	6		7		9		5		5		—		4		6		—		6		48
Other	—		1		1		—		1		—		1		1		—		1		6
	44		43		45		48		35		—		34		34		—		38		321

Expenses:
Interest Cost	4		4		4		4		3		—		3		3		—		3		28
Provision for Loan Losses	12		8		9		12		9		—		10		9		—		7		76
Depreciation	—		—		—		1		—		—		—		1		—		—		2
Other	14		14		13		16		12		—		12		14		—		14		109
	30		26		26		33		24		—		25		27		—		24		215

Division Profit	$	14	$	17	$	19	$	15	$	11	$	—	$	9	$	7	$	—	$	14	$	106

Division Assets:
Net Receivables	$	118	$	126	$	123	$	149	$	92	$	—	$	99	$	93			$	111	$	911
Cash	1		1		1		1		1		—		1		1				1		8
Net Fixed Assets	1		1		1		1		1		—		1		2				1		9
Other Assets	2		5		4		6		4		—		(1)		6				5		31
Total Division Assets	$	122	$	133	$	129	$	157	$	98	$	—	$	100	$	102	$	—	$	118	$	959


RECONCILIATION:	2022
	(In Millions)
Revenues:
Total revenues from reportable divisions	$	321
Corporate finance charges earned not allocated to divisions	—
Corporate investment income earned not allocated to divisions	8
Timing difference of insurance income allocation to divisions	10
Other revenues not allocated to divisions	$	—
Consolidated Revenues (1)	$	339

Net Income:
Total profit or loss for reportable divisions	$	106
Corporate earnings not allocated	18
Corporate expenses not allocated	(103)
Consolidated Income Before Income Taxes	$	21

Assets:
Total assets for reportable divisions	$	959
Loans held at corporate level	2
Unearned insurance at corporate level	(37)
Allowance for loan losses at corporate level	(75)
Cash and cash equivalents held at corporate level	58
Investment securities at corporate level	220
Fixed assets at corporate level	4
Other assets at corporate level	32
Consolidated Assets	$	1,163

Note 1: Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.

Below is a performance recap of each of the Company's divisions for the year ended December 31, 2021 followed by a reconciliation to consolidated Company data.


Year 2021	Division I		Division II		Division III		Division IV		Division V		Division VII		Division VIII		Division IX		Total
	(In Millions)
Revenues:
Finance Charges Earned	$	35.0	$	32.0	$	33.0	$	38.0	$	25.0	$	25.0	$	20.0	$	29.0	$	237.0
Insurance Income	5.0		7.0		8.0		5.0		4.0		3.0		5.0		6.0		43.0
Other	—		1.0		1.0		1.0		1.0		1.0		1.0		1.0		7.0
	40.0		40.0		42.0		44.0		30.0		29.0		26.0		36.0		287.0

Expenses:
Interest Cost	3.0		3.0		3.0		4.0		2.0		2.0		2.0		3.0		22.0
Provision for Loan Losses	8.0		4.0		5.0		6.0		5.0		5.0		5.0		5.0		43.0
Depreciation	—		—		—		1.0		1.0		—		—		—		2.0
Other	14.0		13.0		13.0		14.0		11.0		11.0		13.0		13.0		102.0
	25.0		20.0		21.0		25.0		19.0		18.0		20.0		21.0		169.0

Division Profit	$	15.0	$	20.0	$	21.0	$	19.0	$	11.0	$	11.0	$	6.0	$	15.0	$	118.0

Division Assets:
Net Receivables	$	111.0	$	118.0	$	120.0	$	145.0	$	86.0	$	87.0	$	85.0	$	104.0	$	856.0
Cash	1.0		1.0		1.0		1.0		1.0		—		—		—		5.0
Net Fixed Assets	1.0		1.0		1.0		1.0		1.0		1.0		1.0		1.0		8.0
Other Assets	3.0		5.0		5.0		6.0		4.0		4.0		4.0		5.0		36.0
Total Division Assets	$	116.0	$	125.0	$	127.0	$	153.0	$	92.0	$	92.0	$	90.0	$	110.0	$	905.0


RECONCILIATION:	2021
	(In Millions)
Revenues:
Total revenues from reportable divisions	$	287.0
Corporate finance charges earned not allocated to divisions	—
Corporate investment income earned not allocated to divisions	8.0
Timing difference of insurance income allocation to divisions	9.0
Other revenues not allocated to divisions	0.2
Consolidated Revenues (1)	$	304.2

Net Income:
Total profit or loss for reportable divisions	$	118.0
Corporate earnings not allocated	20.0
Corporate expenses not allocated	(92.0)
Consolidated Income Before Income Taxes	$	45.8

Assets:
Total assets for reportable divisions	$	905.0
Loans held at corporate level	2.0
Unearned insurance at corporate level	(39.0)
Allowance for loan losses at corporate level	(67.0)
Cash and cash equivalents held at corporate level	36.0
Investment securities at corporate level	262.0
Fixed assets at corporate level	5.0
Other assets at corporate level	14.0
Consolidated Assets	$	1,118.0

Note 1:Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.