Form 8-K

8-K — OneMain Holdings, Inc.

Accession: 0001584207-26-000028

Filed: 2026-07-29

Period: 2026-07-29

CIK: 0001584207

SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — omf-20260729.htm (Primary)

EX-99.1 (exhibit991earningsreleaseo.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: omf-20260729.htm · Sequence: 1

omf-20260729

0001584207FALSE00015842072026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): July 29, 2026

ONEMAIN HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-36129 27-3379612

(State or other jurisdiction of incorporation) (Commission file number) (I.R.S. employer identification number)

601 N.W. Second Street, Evansville, IN 47708

(Address of principal executive offices) (Zip code)

(812) 424-8031

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, par value $0.01 per share OMF New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On July 29, 2026, OneMain Holdings, Inc. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter ended June 30, 2026. A copy of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference in its entirety.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.

Item 7.01

Regulation FD Disclosure.

On July 29, 2026, the Company issued a press release announcing that the Company declared a dividend of $1.05 per share payable on August 14, 2026 to record holders of our common stock as of the close of business on August 10, 2026. A copy of the Company’s press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The information in the press release is being furnished, not filed, pursuant to this Item 7.01. Accordingly, the information in the press release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this Current Report with respect to the press release is not intended to, and does not, constitute a determination or admission by the Company that the information in this Current Report with respect to the press release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1

Press Release issued July 29, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ONEMAIN HOLDINGS, INC.

(Registrant)

Date: July 29, 2026 By: /s/ Jeannette E. Osterhout

Jeannette E. Osterhout

Executive Vice President and Chief Financial Officer

EX-99.1

Filename: exhibit991earningsreleaseo.htm · Sequence: 2

Document

Exhibit 99.1

ONEMAIN HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS

–2Q 2026 Diluted EPS of $1.32

–2Q 2026 C&I adjusted diluted EPS of $1.31

–2Q 2026 Managed receivables of $26.9 billion

–Declared quarterly dividend of $1.05 per share

New York, NY, July 29, 2026 - OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $196 million and net income of $152 million for the second quarter of 2026, compared to $214 million and $167 million, respectively, in the prior year quarter. Earnings per diluted share were $1.32 in the second quarter of 2026, compared to $1.40 in the prior year quarter.

On July 29, 2026, OneMain declared a quarterly dividend of $1.05 per share, payable on August 14, 2026, to record holders of the Company's common stock as of the close of business on August 10, 2026.

During the quarter, the Company repurchased approximately 576 thousand shares of common stock for $32 million.

“We delivered another strong quarter with disciplined underwriting, continued innovation and strong execution across the business,” said Doug Shulman, Chairman and CEO of OneMain. “Growth across all of our products, improving credit performance and our industry leading balance sheet position OneMain to deliver profitable growth and attractive returns going forward.”

The following segment results are reported on a non-GAAP basis. Refer to the required reconciliations of non-GAAP to comparable GAAP measures at the end of this press release.

Consumer and Insurance Segment (“C&I”)

C&I adjusted pretax income was $201 million and adjusted net income was $151 million for the second quarter of 2026, compared to $231 million and $173 million, respectively, in the prior year quarter. Adjusted earnings per diluted share were $1.31 for the second quarter of 2026, compared to $1.45 in the prior year quarter.

Management runs the business based on capital generation, which it defines as C&I adjusted net income excluding the after-tax change in C&I allowance for finance receivable losses while still considering the current period C&I net charge-offs. Capital generation was $229 million for the second quarter of 2026, compared to $222 million the prior year quarter. The increase was driven by receivable growth and yield improvement, partially offset by higher net charge-offs in the current quarter compared to the prior year period.

Managed receivables, which includes loans serviced for our whole loan sale partners and auto finance loans originated by third parties, were $26.9 billion at June 30, 2026, up 7% from $25.2 billion at June 30, 2025.

Consumer loan originations totaled $4.3 billion in the second quarter of 2026, up 10% from $3.9 billion in the prior year quarter.

Total revenue, comprising interest income and total other revenue, was $1.6 billion in the second quarter of 2026, up 6% from $1.5 billion in the prior year quarter. Interest income in the second quarter of 2026 was $1.4 billion, up 6% from $1.3 billion in the prior year quarter. The increase was driven by receivables growth and improved portfolio yield.

Interest expense was $326 million in the second quarter of 2026, up 3% from $317 million in the prior year quarter, due to an increase in average debt to support our receivables growth.

The provision for finance receivable losses was $610 million in the second quarter of 2026, up from $511 million compared to the prior year period. During the second quarter of 2026, the allowance for finance receivable losses increased $104 million driven by receivables growth.

C&I Select Delinquency and Loss Ratios June 30, 2026 March 31, 2026 June 30, 2025

Consumer loans:

30+ delinquency ratio 5.17 % 5.37 % 5.17 %

90+ delinquency ratio 2.15 % 2.53 % 2.12 %

30-89 delinquency ratio 3.02 % 2.84 % 3.05 %

Net charge-offs

7.77 % 8.02 % 7.19 %

Operating expense for the second quarter of 2026 was $439 million, up 6% from $415 million in the prior year quarter reflecting receivable growth and strategic investments in the business.

Funding and Liquidity

As of June 30, 2026, the Company had principal debt balances outstanding of $23.1 billion, 52% of which was secured. The Company had $567 million of cash and cash equivalents, which included $171 million of cash and cash equivalents held at regulated insurance subsidiaries or for other operating activities that are unavailable for general corporate purposes.

Cash and cash equivalents, together with the Company’s $1.0 billion of undrawn committed capacity from an unsecured corporate revolver, $6.5 billion of undrawn committed capacity under revolving conduit facilities and credit card variable funding note facilities, and $11.6 billion of unencumbered receivables, provides significant liquidity resources.

Conference Call & Webcast Information

OneMain management will host a conference call and webcast to discuss the Company's results, outlook, and related matters at 9:00 am Eastern Time on Wednesday, July 29, 2026. Both the call and webcast are open to the general public. The general public is invited to listen to the call by dialing 877-407-0792 (U.S. domestic) or 201-689-8263 (international), and using conference ID 13761044, or via a live audio webcast through OneMain’s investor relations website at http://investor.onemainfinancial.com. For those unable to listen to the live broadcast, a replay will be available on the website after the event. An investor presentation will be available on OneMain's investor relations website prior to the start of the conference call.

About OneMain Holdings, Inc.

OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today’s problems and reach a better financial future through personalized solutions across 48 states, available online and in more than 1,300 locations. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit www.OneMainFinancial.com.

Use of Non-GAAP Financial Measures

We report the operating results of Consumer and Insurance using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, to reflect the manner in which we assess our business results and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables and long-term debt at acquisition, as well as the amortization/accretion in future periods). Consumer and Insurance adjusted pretax income (loss), Consumer and Insurance adjusted net income (loss), and Consumer and Insurance adjusted earnings (loss) per diluted share are key performance measures used to evaluate the performance of our business. Consumer and Insurance adjusted pretax income (loss) represents income (loss) before income taxes on a Segment Accounting Basis and excludes net loss resulting from repurchases and repayments of debt, restructuring charges, and other items and strategic activities. We believe these non-GAAP financial measures are useful in assessing the profitability of our segment.

We also use pretax capital generation and capital generation, non-GAAP financial measures, as a key performance measure of our segment. Pretax capital generation represents Consumer and Insurance adjusted pretax income, as discussed above, and excludes the change in our Consumer and Insurance allowance for finance receivable losses in the period while still considering the Consumer and Insurance net charge-offs incurred during the period. Capital generation represents the after-tax effect of pretax capital generation. We believe that these non-GAAP measures are useful in assessing the capital created in the period impacting the overall capital adequacy of the Company. We believe that the Company’s reserves, combined with its equity, represent the Company's loss absorption capacity.

We utilize these non-GAAP measures in evaluating our performance. Additionally, these non-GAAP measures are consistent with the performance goals established in OMH’s executive compensation program. These non-GAAP financial measures should be considered supplemental to, but not as a substitute for or superior to, income (loss) before income taxes, net income, or other measures of financial performance prepared in accordance with GAAP.

This document contains summarized information concerning the Company and its business, operations, financial performance and trends. No representation is made that the information in this document is complete. For additional financial, statistical and business related information see the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”), as well as the Company’s other reports filed with the SEC from time to time, which are or will be available in the Investor Relations section of the OneMain Financial website (www.omf.com) and the SEC's website (www.sec.gov).

Cautionary Note Regarding Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by or that otherwise include the words “anticipates,” “appears,” “assumes,” “believes,” “can,” “continues,” “could,” “estimates,” “expects,” “forecasts,” “foresees,” “goal,” “intends,” “likely,” “objective,” “plans,” “projects,” “target,” “trend,” “remains,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will” or “would” are intended to identify forward-looking statements, but these words are not the exclusive means of identifying forward-looking statements.

Forward-looking statements are not statements of historical fact but instead represent only management’s current beliefs regarding future events, objectives, goals, projections, strategies, performance, and future plans, and underlying assumptions and other statements related thereto. You should not place undue reliance on these forward-looking statements. By their nature, forward-looking statements are subject to risks, uncertainties, assumptions and other important factors that may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements. Important factors that could cause actual results, performance, or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the following: adverse changes and volatility in general economic conditions, including the interest rate environment and the financial markets; the sufficiency of our allowance for finance receivable losses; increased levels of unemployment and personal bankruptcies; the current inflationary environment and related trends affecting our customers; natural or accidental events such as earthquakes, hurricanes, pandemics, floods or wildfires affecting our customers, collateral, or our facilities; a failure in or breach of our information, operational or security systems or infrastructure or those of third parties, including as a result of cyber incidents, war or other disruptions; the adequacy of our credit risk scoring models; geopolitical risks, including recent geopolitical actions; adverse changes in our ability to attract and retain employees or key executives; increased competition or adverse changes in customer responsiveness to our distribution channels or products; changes in federal, state, or local laws, regulations, or regulatory policies and practices or increased regulatory scrutiny of our business or industry; risks associated with our insurance operations; the costs and effects of any actual or alleged violations of any federal, state, or local laws, rules or regulations; the costs and effects of any fines, penalties, judgments, decrees, orders, inquiries, investigations, subpoenas, or enforcement or other proceedings of any governmental or quasi-governmental agency or authority; our substantial indebtedness and our continued ability to access the capital markets and maintain adequate current sources of funds to satisfy our cash flow requirements; our ability to comply with all of our covenants; the effects of any downgrade of our debt ratings by credit rating agencies; and other risks and uncertainties described in the “Risk Factors” and “Management’s Discussion and Analysis” sections of the Company’s most recent Form 10-K filed with the SEC and in the Company’s other filings with the SEC from time to time.

If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. You should specifically consider the factors identified in this document that could cause actual results to differ before making an investment decision to purchase our securities. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us.

Forward looking statements included in this document speak only as of the date on which they were made. We undertake no obligation to update or revise any forward-looking statements, whether written or oral, to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments or otherwise, except as required by law.

OneMain Holdings, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Quarter Ended Fiscal Year

(unaudited, $ in millions, except per share amounts) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Interest income $ 1,417 $ 1,387 $ 1,416 $ 1,392 $ 1,339 $ 5,455 $ 4,993

Interest expense (326) (322) (323) (320) (317) (1,272) (1,185)

Net interest income 1,091 1,065 1,093 1,072 1,022 4,183 3,808

Provision for finance receivable losses (610) (465) (542) (488) (511) (1,997) (2,040)

Net interest income after provision for finance receivable losses 481 600 551 584 511 2,186 1,768

Insurance 112 112 113 112 111 445 445

Investment 25 23 22 26 24 98 108

Gain on sales of finance receivables 16 16 14 17 17 64 23

Net loss on repurchases and repayments of debt

(1) (3) (1) (39) (21) (67) (34)

Other

55 49 45 47 45 180 153

Total other revenues 207 197 193 163 176 720 695

Operating expenses (448) (449) (447) (436) (419) (1,707) (1,607)

Insurance policy benefits and claims (44) (52) (48) (48) (54) (198) (189)

Total other expenses (492) (501) (495) (484) (473) (1,905) (1,796)

Income before income taxes 196 296 249 263 214 1,001 667

Income taxes

(44) (70) (45) (64) (47) (218) (158)

Net income $ 152 $ 226 $ 204 $ 199 $ 167 $ 783 $ 509

Weighted average number of diluted shares 115.8 117.3 118.3 119.4 119.4 119.3 120.1

Diluted EPS $ 1.32 $ 1.93 $ 1.72 $ 1.67 $ 1.40 $ 6.56 $ 4.24

Book value per basic share $ 29.40 $ 29.21 $ 29.01 $ 28.53 $ 27.99 $ 29.01 $ 26.74

Return on assets 2.3% 3.4% 3.0% 3.0% 2.5% 2.9% 2.0%

Change in allowance for finance receivable losses $ (104) $ 46 $ (50) $ (61) $ (66) $ (160) $ (194)

Net charge-offs (506) (511) (492) (427) (445) (1,837) (1,846)

Provision for finance receivable losses $ (610) $ (465) $ (542) $ (488) $ (511) $ (1,997) $ (2,040)

Note:

Quarters may not sum to fiscal year due to rounding.

OneMain Holdings, Inc.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of

(unaudited, $ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025

Assets

Cash and cash equivalents $ 567 $ 834 $ 914 $ 658 $ 769

Investment securities 1,649 1,614 1,590 1,657 1,683

Net finance receivables 25,145 24,447 24,833 24,465 23,870

Unearned insurance premium and claim reserves (792) (771) (791) (783) (764)

Allowance for finance receivable losses (2,923) (2,819) (2,865) (2,815) (2,754)

Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses 21,430 20,857 21,177 20,867 20,352

Restricted cash and restricted cash equivalents 738 728 699 748 742

Goodwill 1,474 1,474 1,474 1,474 1,474

Other intangible assets 279 281 282 284 285

Other assets

1,287 1,230 1,252 1,297 1,323

Total assets $ 27,424 $ 27,018 $ 27,388 $ 26,985 $ 26,628

Liabilities and Shareholders’ Equity

Long-term debt $ 22,769 $ 22,396 $ 22,694 $ 22,338 $ 22,053

Insurance claims and policyholder liabilities 552 566 576 578 579

Deferred and accrued taxes 16 55 35 42 18

Other liabilities 704 624 682 649 652

Total liabilities 24,041 23,641 23,987 23,607 23,302

Common stock 1 1 1 1 1

Additional paid-in capital 1,758 1,750 1,757 1,750 1,745

Accumulated other comprehensive loss

(54) (53) (41) (47) (51)

Retained earnings 2,710 2,680 2,579 2,500 2,425

Treasury stock (1,032) (1,001) (895) (826) (794)

Total shareholders’ equity 3,383 3,377 3,401 3,378 3,326

Total liabilities and shareholders’ equity $ 27,424 $ 27,018 $ 27,388 $ 26,985 $ 26,628

OneMain Holdings, Inc.

CONSOLIDATED KEY FINANCIAL METRICS (UNAUDITED)

As of

(unaudited, $ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025

Liquidity

Cash and cash equivalents $ 567 $ 834 $ 914 $ 658 $ 769

Cash and cash equivalents unavailable for general corporate purposes 171 155 176 251 185

Unencumbered receivables

11,625 11,409 11,837 10,867 9,709

Undrawn conduit facilities 5,799 5,874 5,999 5,999 5,999

Undrawn corporate revolver 1,025 1,100 1,075 1,075 1,125

Undrawn credit card revolving variable funding note facilities

700 500 400 400 400

Drawn conduit facilities 1 1 1 1 1

Net adjusted debt $ 22,200 $ 21,545 $ 21,783 $ 21,758 $ 21,297

Total Shareholders’ equity

$ 3,383 $ 3,377 $ 3,401 $ 3,378 $ 3,326

Accumulated other comprehensive loss 54 53 41 47 51

Goodwill (1,474) (1,474) (1,474) (1,474) (1,474)

Other intangible assets (279) (281) (282) (284) (285)

Junior subordinated debt 173 173 173 172 172

Adjusted tangible common equity

1,857 1,848 1,859 1,839 1,790

Allowance for finance receivable losses, net of tax *

2,192 2,114 2,149 2,111 2,065

Adjusted capital $ 4,049 $ 3,962 $ 4,008 $ 3,950 $ 3,855

Net leverage (net adjusted debt to adjusted capital) 5.5x 5.4x 5.4x 5.5x 5.5x

Income taxes assume a 25% tax rate.

OneMain Holdings, Inc.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)

Quarter Ended Fiscal Year

(unaudited, $ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Consumer & Insurance $ 194 $ 293 $ 247 $ 261 $ 211 $ 988 $ 707

Other (1) — — (2) (1) (4) (1)

Segment to GAAP adjustment 3 3 2 4 4 17 (39)

Income before income taxes - GAAP basis $ 196 $ 296 $ 249 $ 263 $ 214 $ 1,001 $ 667

Consumer & Insurance pretax income $ 194 $ 293 $ 247 $ 261 $ 211 $ 988 $ 707

Net loss on repurchases and repayments of debt 1 3 — 39 20 65 33

Restructuring charges 5 7 1 2 — 4 29

Other (1)

1 2 2 1 — — % 3 13

Consumer & Insurance adjusted pretax income (non-GAAP) $ 201 $ 305 $ 250 $ 303 $ 231 $ 1,060 $ 782

Reconciling items (2)

$ (4) $ (9) $ (1) $ (38) $ (16) $ (55) $ (114)

Consumer & Insurance $ 25,157 $ 24,463 $ 24,853 $ 24,490 $ 23,901 $ 24,853 $ 23,598

Segment to GAAP adjustment (12) (16) (20) (25) (31) (20) (44)

Net finance receivables - GAAP basis $ 25,145 $ 24,447 $ 24,833 $ 24,465 $ 23,870 $ 24,833 $ 23,554

Consumer & Insurance $ 2,925 $ 2,821 $ 2,868 $ 2,818 $ 2,758 $ 2,868 $ 2,710

Segment to GAAP adjustment (2) (2) (3) (3) (4) (3) (5)

Allowance for finance receivable losses - GAAP basis $ 2,923 $ 2,819 $ 2,865 $ 2,815 $ 2,754 $ 2,865 $ 2,705

Note:

Quarters may not sum to fiscal year due to rounding.

(1)

Includes strategic activities and other items.

(2)

Reconciling items consist of Segment to GAAP adjustment and the adjustments to Pretax income – segment accounting basis for C&I and Other. The adjustments to Other adjusted pretax income (loss) are not disclosed in the table above due to immateriality.

OneMain Holdings, Inc.

CONSUMER & INSURANCE SEGMENT (UNAUDITED) (Non-GAAP)

Quarter Ended Fiscal Year

(unaudited, in millions, except per share amounts) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Interest income $ 1,413 $ 1,383 $ 1,411 $ 1,386 $ 1,333 $ 5,432 $ 4,965

Interest expense (326) (322) (323) (320) (317) (1,270) (1,181)

Net interest income 1,087 1,061 1,088 1,066 1,016 4,162 3,784

Provision for finance receivable losses (610) (465) (542) (488) (511) (1,999) (1,981)

Net interest income after provision for finance receivable losses 477 596 546 578 505 2,163 1,803

Insurance 112 112 113 112 111 445 445

Investment 25 23 22 26 24 98 108

Gain on sales of finance receivables 16 16 14 17 17 64 23

Other

54 47 46 45 43 175 146

Total other revenues 207 198 195 200 195 782 722

Operating expenses (439) (437) (443) (427) (415) (1,687) (1,554)

Insurance policy benefits and claims (44) (52) (48) (48) (54) (198) (189)

Total other expenses (483) (489) (491) (475) (469) (1,885) (1,743)

Adjusted pretax income (non-GAAP) 201 305 250 303 231 1,060 782

Income taxes *

(50) (76) (62) (76) (58) (265) (195)

Adjusted net income (non-GAAP) $ 151 $ 229 $ 188 $ 227 $ 173 $ 795 $ 587

Weighted average number of diluted shares 115.8 117.3 118.3 119.4 119.4 119.3 120.1

C&I adjusted diluted EPS

$ 1.31 $ 1.95 $ 1.59 $ 1.90 $ 1.45 $ 6.66 $ 4.89

Note:

Quarters may not sum to fiscal year due to rounding.

Income taxes assume a 25% tax rate.

OneMain Holdings, Inc.

CONSUMER & INSURANCE SEGMENT METRICS (UNAUDITED)

Quarter Ended Fiscal Year

(unaudited, $ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Net finance receivables - personal loans $ 21,329 $ 20,918 $ 21,430 $ 21,225 $ 20,814 $ 21,430 $ 20,833

Net finance receivables - auto finance

2,684 2,562 2,487 2,431 2,335 2,487 2,122

Net finance receivables - consumer loans

24,013 23,480 23,917 23,656 23,149 23,917 22,955

Net finance receivables - credit cards 1,144 983 936 834 752 936 643

Net finance receivables $ 25,157 $ 24,463 $ 24,853 $ 24,490 $ 23,901 $ 24,853 $ 23,598

Allowance for finance receivable losses $ 2,925 $ 2,821 $ 2,868 $ 2,818 $ 2,758 $ 2,868 $ 2,710

Allowance ratio 11.63 % 11.53 % 11.54 % 11.51 % 11.54 % 11.54 % 11.48 %

Net finance receivables 25,157 24,463 24,853 24,490 23,901 24,853 23,598

Finance receivables serviced for others 1,702 1,588 1,458 1,395 1,316 1,458 1,141

Managed receivables $ 26,859 $ 26,051 $ 26,311 $ 25,885 $ 25,217 $ 26,311 $ 24,739

Average net finance receivables - personal loans $ 21,063 $ 21,168 $ 21,404 $ 21,045 $ 20,637 $ 20,937 $ 20,301

Average net finance receivables - auto finance

2,621 2,515 2,462 2,390 2,278 2,324 1,662

Average net finance receivables - consumer loans

23,684 23,683 23,866 23,435 22,915 23,261 21,963

Average net finance receivables - credit cards 1,065 962 879 803 719 767 477

Average net receivables 24,749 24,645 24,745 24,238 23,634 24,028 22,440

Average receivables serviced for others 1,657 1,540 1,434 1,366 1,285 1,320 1,113

Average managed receivables $ 26,406 $ 26,185 $ 26,179 $ 25,604 $ 24,919 $ 25,348 $ 23,553

Note:

Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Amounts may not sum due to rounding.

OneMain Holdings, Inc.

CONSUMER & INSURANCE KEY METRICS (UNAUDITED) (Non-GAAP)

Quarter Ended Fiscal Year

(unaudited, in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Adjusted pretax income (non-GAAP) $ 201 $ 305 $ 250 $ 303 $ 231 $ 1,060 $ 782

Provision for finance receivable losses 610 465 542 488 511 1,999 1,981

Net charge-offs (506) (512) (492) (428) (446) (1,841) (1,849)

Change in C&I allowance for finance receivable losses (non-GAAP) 104 (47) 50 60 65 158 132

Pretax capital generation (non-GAAP) 305 258 300 363 296 1,218 914

Capital generation, net of tax* (non-GAAP)

$ 229 $ 194 $ 225 $ 272 $ 222 $ 913 $ 685

C&I average net receivables $ 24,749 $ 24,645 $ 24,745 $ 24,238 $ 23,634 $ 24,028 $ 22,440

Capital generation return on receivables (non-GAAP)

3.7% 3.2% 3.6% 4.5% 3.8% 3.8% 3.1%

Note:

Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Amounts may not sum to fiscal year due to rounding.

Income taxes assume a 25% rate.

OneMain Holdings, Inc.

CONSUMER & INSURANCE CONSUMER LOANS METRICS (UNAUDITED)

Quarter Ended Fiscal Year

(unaudited, $ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 2025 2024

Gross charge-offs $ 572 $ 567 $ 540 $ 480 $ 496 $ 2,043 $ 2,080

Recoveries (113) (98) (86) (86) (85) (342) (307)

Net charge-offs $ 459 $ 469 $ 454 $ 394 $ 411 $ 1,701 $ 1,773

Gross charge-off ratio

9.70% 9.70 % 8.98 % 8.13 % 8.68 % 8.78 % 9.34 %

Recovery ratio (1.92%) (1.68 %) (1.42 %) (1.45 %) (1.49 %) (1.47 %) (1.39 %)

Net charge-off ratio

7.77% 8.02 % 7.56 % 6.67 % 7.19 % 7.31 % 7.94 %

Average net receivables $ 23,684 $ 23,683 $ 23,866 $ 23,435 $ 22,915 $ 23,261 $ 21,963

Yield 22.7% 22.5% 22.5% 22.6% 22.6% 22.5% 22.1%

Origination volume

$ 4,316 $ 3,104 $ 3,609 $ 3,889 $ 3,907 $ 14,427 $ 13,321

30+ delinquency $ 1,241 $ 1,260 $ 1,399 $ 1,312 $ 1,197 $ 1,399 $ 1,322

90+ delinquency $ 516 $ 594 $ 596 $ 556 $ 491 $ 596 $ 579

30-89 delinquency $ 725 $ 666 $ 803 $ 756 $ 706 $ 803 $ 743

30+ delinquency ratio 5.17% 5.37 % 5.85 % 5.55 % 5.17 % 5.85 % 5.76 %

90+ delinquency ratio 2.15% 2.53 % 2.49 % 2.35 % 2.12 % 2.49 % 2.52 %

30-89 delinquency ratio 3.02% 2.84 % 3.36 % 3.20 % 3.05 % 3.36 % 3.24 %

Note:

Consumer & Insurance financial information is presented on a Segment Accounting Basis. Delinquency ratios are calculated as a percentage of C&I consumer loan net finance receivables. Amounts may not sum due to rounding.

Defined Terms

•Adjusted capital: adjusted tangible common equity plus allowance for finance receivable losses (ALLL), net of tax

•Adjusted tangible common equity (TCE): total shareholders’ equity less accumulated other comprehensive loss less goodwill less other intangible assets plus junior subordinated debt

•Auto finance: financing at the point of purchase through a network of auto dealerships

•Available cash and cash equivalents: cash and cash equivalents less cash and cash equivalents held at our regulated insurance subsidiaries or is unavailable for general corporate purposes

•Average total assets: average of monthly average total assets (total assets at the beginning and end of each month divided by two) in the period

•C&I adjusted diluted EPS: C&I adjusted net income (non-GAAP) / weighted average diluted shares

•Capital generation: C&I adjusted net income less change in C&I allowance for finance receivable losses, net of tax

•Capital generation return on receivables*: annualized capital generation / C&I average net receivables

•Consumer loans: personal loans and auto finance

•Finance receivables serviced for others: unpaid principal balance plus accrued interest of loans sold as part of our whole loan sale program plus auto finance loans originated by third parties.

•Gross charge-off ratio*: annualized gross charge-offs / average net receivables

•Managed receivables: C&I net finance receivables plus finance receivables serviced for our whole loan sale partners plus auto finance loans originated by third parties

•Net adjusted debt: long-term debt less junior subordinated debt less available cash and cash equivalents

•Net charge-off ratio*: annualized net charge-offs / average net receivables

•Net leverage: net adjusted debt / adjusted capital

•Opex ratio: annualized C&I operating expenses / average managed receivables

•Origination volume: loans originated during the period, including those originated and sold to our whole loan sale partners that we continue to service

•Other net revenue: other revenues less insurance policy benefits and claims expense

•Personal loans: loans secured by automobiles, other collateral or are unsecured and offered through our branch network, central operations, or digital platform

•Pretax capital generation: C&I pretax adjusted net income less change in C&I allowance for finance receivable losses

•Purchase volume: credit card purchase transactions plus cash advances less returns

•Return on assets (ROA): annualized net income / average total assets

•Return on receivables (C&I ROR): annualized C&I adjusted net income / C&I average net receivables

•Total revenue: C&I interest income plus C&I total other revenue

•Unencumbered receivables: unencumbered unpaid principal balance of consumer loans and credit cards. For precompute personal loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. Credit card receivables include those in the trust that exceed the minimum for securing advances under credit card variable funding note facilities, which the Company can remove from the trust under the terms of such facilities, and exclude interest, fees, and closed accounts with balances

Fiscal year 2024 adjusted for policy alignment associated with the Foursight acquisition.

OneMain Holdings, Inc.

Investor Contact:

Peter R. Poillon, 212-359-2432

peter.poillon@omf.com

Media Contact:

Kelly Ogburn, 410-537-9028

kelly.ogburn@omf.com

Source: OneMain Holdings, Inc.

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