Onemain Holdings, Inc. · NYSE:OMF
Onemain — Q3 2025 Earnings Presentation
18 slides from Onemain's earnings presentation, Oct 31, 2025
Slide 1: 3Q25 Financial Results
3Q25 Financial Results NYSE: OMF | October 31, 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: 3Q25 Financial Highlights
3Q25 Financial Highlights $3.9 billion $272 million $1.90 Originations Capital Generation* C&I Adjusted Diluted EPS* Up 5% YoY Up 29% YoY Up 51% YoY $25.9 billion $1.6 billion 3.7 million Managed Receivables* C&I Total Revenue* Customer Accounts Up 6% YoY Up 9% YoY $2.7 billion 7.0% $1.6 billion Aut
Slide 5: 3Q25 Financial Results
3Q25 Financial Results ($ in millions, except Average Assets and Average Net Receivables in billions, and per share statistics) Earnings Summary C&I* Adjusted Earnings Summary 3Q25 2Q25 3Q24 3Q25 2Q25 3Q24 Consumer & Insurance* $303 $231 $202 Interest Income $1,386 $1,333 $1,271 Other Net Revenue 15
Slide 6: Originations & Receivables (C&I)
Originations & Receivables (C&I)* ($ in billions, unless noted) Consumer Loan Originations Highlights $3.9 $3.9 • $3.9 billion in 3Q25, up 5% YoY, with conservative credit posture $3.6 $3.7 $3.5 $3.0 • Growth driven by new products and utilization of data science and product innovation • Consumer lo
Slide 7: 3Q25 New Products Highlights
3Q25 New Products Highlights ($ 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 $674 • 30+ delinquency of 5.41%, down 16bps YoY $624 $636 $568 • 30-89 delinquency of 2.99%, down 2bps YoY 2.97% 3.01% 3.06% 2.99% 2.89% • 90+ delinquency of 2.41%, down 14bps YoY 2.63% 2Q24 3Q24 4Q24
Slide 9: Portfolio Performance is Supported by Credit Tightening (C&I)
Portfolio Performance is Supported by Credit Tightening (C&I)*1 Highlights • 30+ delinquency of 5.41%, down 16bps YoY • Front book2 is growing and continues to perform in line with expectations • Back book now accounts for 8% of receivables but contributes 19% to delinquency Front Book2 % of Portfol
Slide 10: Credit Trends (C&I)
Credit Trends (C&I)* ($ in millions) Highlights Loss Reserve Trends $2,710 $2,758 $2,818 $2,571 $2,651 $2,693 • 3Q25 Consumer Loan net charge-offs of 6.7%, down 66bps YoY • 3Q25 C&I net charge-offs of 7.0%, down 51bps YoY 11.5% 11.5% 11.5% 11.5% 11.5% 11.5% • 3Q25 reserve coverage of 11.5%, flat QoQ
Slide 11: Operating Expenses (C&I)
Operating Expenses (C&I)* ($ in millions) Highlights • 3Q25 operating expense of $427 million, up 8% YoY • 3Q25 OpEx ratio of 6.6%, in line with full-year expectations Quarterly Operating Expenses Operating Expenses $422 $415 $427 $401 $1,554 $396 $1,487 $374 $1,424 $1,341 $1,250 $1,245 6.8% 6.6% 6.
Slide 12: Balance Sheet & Funding
Balance Sheet & Funding Unsecured Bank Facilities ($ in billions, unless noted) Secured Highlights $8.0 $7.81 $7.5 $7.5 $7.5 $7.4 • Well-positioned funding profile with balanced debt mix, staggered $1.3 $1.1 $1.1 $1.1 $1.1 $1.1 maturities and significant liquidity • Issued $750 million unsecured bon
Slide 13: Capital Allocation Framework
Capital Allocation Framework 1 2 Business Investment • Balance sheet growth: managed Regular Dividend 3 receivables up 6% YoY • Board approved 1% increase in • Continue to invest in new products and channels, data science, quarterly dividend to $1.05 per Share Repurchases share, payable November 14
Slide 14: 2025 Strategic Priorities (C&I)
2025 Strategic Priorities (C&I)* Key Metrics January 31, 2025 July 25, 2025 October 31, 2025 Managed Receivables Growth 5.0% – 8.0% Unchanged 6% – 8% Revenue Growth 6.0% – 8.0% High end of range ~9% C&I Net Charge-offs 7.5% – 8.0% 7.5% – 7.8% Unchanged Operating Expense Ratio ~6.6% Unchanged Unchang
Slide 15: Appendix
Appendix
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (unaudited, $ in millions) 3Q25 2Q25 1Q25 4Q24 3Q24 FY24 FY23 Consumer & Insurance $261 $211 $270 $159 $200 $707 $845 Other (2) (1) 1 (1) - (1) (6) Segment to GAAP adjustment 4 4 4 6 7 (39) 1 Income before income taxes - GAAP basis $263 $214 $275 $164 $207 $667 $8
Slide 17: Reconciliation of Non-GAAP Measures (cont’d)
Reconciliation of Non-GAAP Measures (cont’d) (unaudited, $ in millions) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 Consumer & Insurance $24,490 $23,901 $23,365 $23,598 $23,128 Segment to GAAP adjustment (25) (31) (37) (44) (53) Net finance receivables - GAAP basis $24,465 $23,870 $23,328 $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