Competitive EnvironmentThe competitive environment in the company’s European markets is very favorable; U.S. supply remains elevated and at attractive pricing/yields, and this should continue into 2025.
Financial PerformancePRA Group once again delivered near-record levels of purchase volumes, record ERC (estimated remaining collections), accelerating and double-digit collections growth, improving portfolio yields, ongoing operational improvements, and significant EPS upside.
Market PositionThe company remains well-positioned relative to the broader consumer finance landscape based on a sweet spot in the purchasing and collections cycle characterized by elevated supply of charge-offs, stable employment and collections backdrop, weakened competition overseas, and excess funding.