everyone. and good Doug, morning, Thanks,
portfolio ongoing higher-quality performance financial to our originations was efforts delinquency quarter typical our We prioritize solid once with to continued originations. growth tightening third and highlighted receivables perform even in saw seasonal Our again post by well. our patterns
a ABS objectives history. $X.X the advanced We with also funding billion largest our transaction, our in
We environment, results. are positioning that competitive our we continue continue to confident the strong successfully navigate strategy to current our and will and deliver
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at expect of estimate growth X%. full around the X% higher of year We X% to July receivables our of and end
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Throughout originations we've secured on seasonal or this support core of borrower interest to was million, well income has ago. million an Interest cash interest loan an pricing August the The the early time, the our and historic the have over flat at primarily a as year actions blended impacts Third the But the the increases sheet. some higher was diversified which ongoing our yield was environment, for and year was in driven helping $XXX the expect yield.
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essentially continues view a Our allowance second ratio was environment. the macroeconomic flat the to of reflect and cautious future to quarter
in $XX for level seen claims policyholder million claims per third is experience, throughout expense quarter $XX to included XXXX. more the million million life in $XX credit product. of have mainly benefits claims improvements quarter and was adjustments relating the year the period nonrecurring reserve normal to expense we as a Finally, million year. to in Prior $XX our our compared for quarter
credit Let's were Slide X.X%. on for turn net C&I quarter highlighted charge-offs the the Loan X. now to trends
than continue X.X%, levels loan quarters to of due X.X% the prior were see timing strong the charged-off pre-pandemic recoveries to a recoveries X.X% at X this well We while above And lower of to bit sales. quarter.
by prior XXXX seasonal levels, Both patterns higher and charge-offs the expect tightening. quarter August XX normal continue delinquency and to the to year measures XX-plus X.XX%, full approximately book to written to credit specifically track of X.XX%. pre-pandemic delinquency loans with XXXX We delinquency XX% net to was back be finished delinquency than XX% our in XX line remain X.X%. those driven at our
improvements in front better time performing see to continues to book the expect delinquency We as over grow.
of quarter accounted ago. our Our portfolio delinquency the third and and about and in at by book front year-end originations of middle pre-pandemic XX% population XX% quarter, line expected represent of is end to of XX% of a levels continues XX% our by approximately up to for with portfolio This total the from the perform XXXX.
Turning were in to operating quarter, X% year-over-year. expenses the XX. C&I up Slide million $XXX
products expense Our and growth data channels. driven the versus new year in entirely growth investments by prior technology was science our strategic in and and
remain and on for We the expenses operating with those driving focused to manage operating our closely continue even investments future. leverage
was full expect quarter, improvement an Our third to now the our the of from approximately and estimate OpEx X.X%. X.X%. year previous be we ratio X.X% in
to XX. now Let's Slide turn
sheet access One of balance core our our our and strengths management is to funding.
noted earlier, $X.X strong completed order was a ABS our rate million blended billion X X substantially in orders investors.
In the revolving X.X%. securitization As half transaction anchor our demand I unsecured or into X-year largest in on of upsized we history. $XXX August, issuance and new of with deep The large redeemed at book we priced included that what bond maturity. a September, March XXXX remained This
into and management You purchase to this other of have this maturity much only bond, billion. partial remaining at size. XXXX, our have Through on even us XXXX. sheet after $X.X bond this had maturity a the we we maturity September redemption, and the proactive flexibility maturity XX. market remaining in may sheet issuance original reduced on cash $X.X our with representing gives recall and going bullet million, flow billion smaller of this was balance the we This balance $XXX And strategically redemption cash
Our and bank undrawn XX committed of supported by well-established geographically financial $X.X institutions. across and billion spread diverse liquidity remains strong facilities
quickly the all year, our going last windows we strong our renewed one to our cash wrap positioned markets expectations into well renewed for by and undrawn will these selective of nearly With opportunity we year current which support look we as to quarter, for of XXXX. position facilities, position XXXX. provide the our since be relationships lines recapping bank full and During forward.
I'll liquidity the well remain bank have access our beginning for of of
from we like be back operating now channels, we to call products ratio the over net We around to contributions expect X.X%.
I'd driven Doug. our new receivables X%, and growth expect strong X.X%, and of expect and to be by charge-offs demand to about expense turn approximately
