Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 63

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 63
---
-off ratio, annualized is as follows:

      At or for the Three Months Ended 

     2025

     2024

     2023

      (in Millions) 
      
      Mar. 31 

      Dec. 31 

      Sep. 30 

      Jun. 30 

      Mar. 31 

      Dec. 31 

      Sep. 30 

      Jun. 30 

      Charge-offs on loans at fair value 
      
     $
     233.5

     $
     213.1

     $
     201.5

     $
     217.0

     $
     231.7

     $
     215.2

     $
     173.5

     $
     180.0

      Finance charge-offs (1) 

     (70.0
     )

     (64.9
     )

     (60.6
     )

     (62.9
     )

     (63.7
     )

     (59.5
     )

     (47.1
     )

     (54.2
     )

      Combined principal net charge-offs 
      
     $
     163.5

     $
     148.2

     $
     140.9

     $
     154.1

     $
     168.0

     $
     155.7

     $
     126.4

     $
     125.8

      (1) 
     Finance charge-offs are included as a component of our Changes in fair value of loans in the accompanying condensed consolidated statements of income.

       34

Our delinquency and charge-off data at any point in time reflect the credit performance of our managed receivables. The average age of the accounts underlying our receivables, the timing and size of receivable purchases, the success of our collection and recovery efforts and general economic conditions all affect our delinquency and charge-off rates. The average age of the accounts underlying our portfolios of receivables also affects the stability of our delinquency and loss rates. Our strategy for managing delinquency and receivables losses consists of account management throughout the life of the receivable. This strategy includes credit line management and pricing based on the risks. See also our discussion of collection strategy under "Collection Strategy" in Item 1, "Business" of our Annual Report on Form 10-K for the year ended December