Onemain Holdings, Inc. · NYSE:OMF
Onemain — Q2 2025 Earnings Presentation
18 slides from Onemain's earnings presentation, Jul 25, 2025
Slide 1: 2Q25 Financial Results
2Q25 Financial Results NYSE: OMF | July 25, 2025
Slide 2: Important Information
Important Information The following slides are part of a presentation by OneMain Holdings, Inc. (the "Company") in connection with reporting quarterly financial results and are intended to be viewed as part of that presentation. No representation is made that the information in these slides is compl
Slide 3: Our Vision is to be the Lender of Choice for the Nonprime Consumer
Our Vision is to be the Lender of Choice for the Nonprime Consumer Meet their Progress to a needs today better future Unsecured loans OneMain Financial wellness Secured loans Customers Insurance Auto finance Bill negotiation Credit cards 3
Slide 4: 2Q25 Financial Highlights
2Q25 Financial Highlights $3.9 billion $222 million $1.45 Originations Capital Generation* C&I Adjusted EPS* Up 9% YoY Up 63% YoY Up 42% YoY $25.2 billion $1.5 billion 3.5 million Managed Receivables* C&I Total Revenue* Customer Accounts Up 7% YoY Up 10% YoY $2.6 billion 7.6% $1.8 billion Auto Manag
Slide 5: 2Q25 Financial Results
2Q25 Financial Results ($ in millions, except Average Assets and Average Net Receivables in billions, and per share statistics) Earnings Summary C&I* Adjusted Earnings Summary 2Q25 1Q25 2Q24 2Q25 1Q25 2Q24 Consumer & Insurance* $231 $275 $163 Interest Income $1,333 $1,301 $1,210 Other Net Revenue 14
Slide 6: Originations & Receivables (C&I)
Originations & Receivables (C&I)* ($ in billions, unless noted) Consumer Loan Originations Highlights $3.9 • $3.9 billion in 2Q25, up 9% YoY, with conservative credit posture $3.6 $3.7 $3.5 $3.0 • Growth driven by new products and utilization of data science and $2.5 product innovation • Consumer lo
Slide 7: 2Q25 New Products Highlights
2Q25 New Products Highlights ($ in millions) Everyday transactions Financing at the point of purchase • Digital-first offering that rewards good credit behavior • Deep experience in secured lending, best-in-class capabilities and strong credit performance • Targeted and disciplined rollout with 11%
Slide 8: Consumer Loan Delinquency Trends (C&I)
Consumer Loan Delinquency Trends (C&I)*1 ($ in millions) Highlights 30-89 Days Delinquent $651 $672 • 30+ delinquency of 5.07%, down 29bps YoY $624 $636 $562 $568 • 30-89 delinquency of 2.89%, down 8bps YoY 2.97% 3.01% 3.06% 2.89% • 90+ delinquency of 2.18%, down 21bps YoY 2.72% 2.63% 1Q24 2Q24 3Q24
Slide 9: Portfolio Performance is Supported by Credit Tightening (C&I)
Portfolio Performance is Supported by Credit Tightening (C&I)*1 Highlights • 30+ delinquency of 5.07%, down 29bps YoY • Front book2 is growing and continues to perform in line with expectations • Back book now accounts for 10% of receivables but contributes 24% to delinquency Front Book2 % of Portfo
Slide 10: Credit Trends (C&I)
Credit Trends (C&I)* ($ in millions) Highlights Loss Reserve Trends $2,651 $2,710 $2,693 $2,758 $2,454 $2,571 • 2Q25 Consumer Loan net charge-offs of 7.2%, down 110bps YoY, improving from 1Q25 which was down 75bps YoY • 2Q25 C&I net charge-offs of 7.6%, down 88bps YoY, improving from 11.6% 11.5% 11.
Slide 11: Operating Expenses (C&I)
Operating Expenses (C&I)* ($ in millions) Highlights • 2Q25 operating expense of $415 million, up 11% YoY as 2Q24 operating expenses benefited from the impact of expense initiatives • 2Q25 OpEx ratio of 6.7%, up 9bps QoQ, in line with full-year expectations Quarterly Operating Expenses Operating Exp
Slide 12: Balance Sheet & Funding
Balance Sheet & Funding Unsecured Bank Facilities ($ in billions, unless noted) Secured Highlights $8.0 $8.0 $7.81 $7.5 $7.5 $7.4 • Well-positioned funding profile with balanced debt mix, staggered $1.3 $1.3 $1.1 $1.1 $1.1 $1.1 maturities and significant liquidity • Issued $1 billion 3-year revolvin
Slide 13: Capital Allocation Framework
Capital Allocation Framework 1 2 Business Investment • Balance sheet growth: managed Regular Dividend 3 receivables up 7% YoY • Board declared regular quarterly • Continue to invest in new products and channels, data science, dividend of $1.04 per share, Share Repurchases payable August 13 technolog
Slide 14: 2025 Strategic Priorities (C&I)
2025 Strategic Priorities (C&I)* Key Metrics January 31, 2025 July 25, 2025 Managed Receivables Growth 5.0% – 8.0% Unchanged Revenue Growth 6.0% – 8.0% High end of range C&I Net Charge-offs 7.5% – 8.0% 7.5% – 7.8% Operating Expense Ratio ~6.6% Unchanged *See appendix for Non-GAAP Financial Measures
Slide 15: Appendix
Appendix
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (unaudited, $ in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 FY24 FY23 Consumer & Insurance $211 $270 $159 $200 $145 $707 $845 Other (1) 1 (1) - - (1) (6) Segment to GAAP adjustment 4 4 6 7 (53) (39) 1 Income before income taxes - GAAP basis $214 $275 $164 $207 $92 $667 $8
Slide 17: Reconciliation of Non-GAAP Measures (cont’d)
Reconciliation of Non-GAAP Measures (cont’d) (unaudited, $ in millions) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Consumer & Insurance $23,901 $23,365 $23,598 $23,128 $22,428 Segment to GAAP adjustment (31) (37) (44) (53) (63) Net finance receivables - GAAP basis $23,870 $23,328 $23,554 $23
Slide 18: Defined Terms
Defined Terms • Auto Finance: financing at the point of purchase through a network of auto dealerships • Average assets: average of monthly average assets (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) / wei