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A.M. Best Places Credit Ratings of Yosemite Insurance Company Under Review With Developing Implications


A.M. Best has placed under review with developing implications
the Financial Strength Rating of B (Fair) and the Long-Term Issuer
Credit Rating of "bb+" of Yosemite Insurance Company (Yosemite)
(Evansville, IN).

The Credit Rating (rating) actions follow the recent announcement by OneMain
Holdings, Inc.
(OneMain) (NYSE:OMF) of its entry into a definitive
share purchase agreement with a third party to sell all of the shares of
Yosemite, a wholly owned subsidiary of OneMain. The transaction is
expected to close in the third quarter of 2018. The transaction is
pending regulatory approval.

The developing implications reflect the uncertainty of Yosemite's
capital position or expected business operations under the new
management. The ratings will remain under review until the transaction
closes, and A.M. Best has been able to assess the full details of the

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

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