Onemain Holdings, Inc. · NYSE:OMF
Onemain — Q4 2025 Earnings Presentation
20 slides from Onemain's earnings presentation, Feb 5, 2026
Slide 1: 4Q25 Financial Results
4Q25 Financial Results NYSE: OMF | February 5, 2026
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: 2025 Highlights
2025 Highlights Advancing our mission to improve the financial well-being of hardworking Americans 6.4% $6.2 billion $913 million Managed Receivables Growth* C&I Total Revenue* Capital Generated* Up 9% YoY Up 33% YoY $14.4 billion 7.7% $639 million Originations C&I Net Charge-offs* Capital Returned
Slide 5: 2025 Financial Results
2025 Financial Results ($ in millions, except Average Assets and Average Net Receivables in billions, and per share statistics) Earnings Summary C&I* Adjusted Earnings Summary 2025 2024 2025 2024 Consumer & Insurance* $1,060 $782 Interest Income $5,432 $4,965 Other Net Revenue 584 533 Other (4) (1)
Slide 6: 4Q25 Financial Highlights
4Q25 Financial Highlights $26.3 billion $225 million $1.59 Managed Receivables* Capital Generation* C&I Adjusted Diluted EPS* $2.8 billion $1.6 billion $1 billion Auto Managed Receivables* C&I Total Revenue* Unsecured Debt Issuance $936 million 7.9% $1.05 per share Credit Card Receivables C&I Net Ch
Slide 7: 4Q25 Financial Results
4Q25 Financial Results ($ in millions, except Average Assets and Average Net Receivables in billions, and per share statistics) Earnings Summary C&I* Adjusted Earnings Summary 4Q25 3Q25 4Q24 4Q25 3Q25 4Q24 Consumer & Insurance* $250 $303 $185 Interest Income $1,411 $1,386 $1,312 Other Net Revenue 14
Slide 8: Originations & Receivables (C&I)
Originations & Receivables (C&I)* ($ in billions) Consumer Loan Originations Highlights $3.9 $3.9 • $3.6 billion in 4Q25, up 3% YoY, with conservative credit posture $3.7 $3.6 $3.5 $3.0 • Growth driven by new products and utilization of data science and product innovation • Consumer loan origination
Slide 9: 4Q25 New Products Highlights
4Q25 New Products Highlights ($ 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 • Discipl
Slide 10: Consumer Loan Delinquency Trends (C&I)
Consumer Loan Delinquency Trends (C&I)*1 ($ in millions) Highlights 30-89 Days Delinquent $706 $651 $672 $674 • 30+ delinquency of 5.65%, flat YoY $636 $568 • 30-89 delinquency of 3.10%, up 4bps YoY 3.01% 3.06% 2.99% 3.10% 2.89% • 90+ delinquency of 2.55%, down 4bps YoY 2.63% 3Q24 4Q24 1Q25 2Q25 3Q2
Slide 11: Portfolio Performance is Supported by Credit Tightening (C&I)
Portfolio Performance is Supported by Credit Tightening (C&I)*1 Highlights • Front book2 continues to perform in line with expectations • Back book now accounts for 6% of receivables but contributes 17% to 30+ delinquency • 30+ delinquency quarter over quarter change in line with expectations and be
Slide 12: Credit Trends (C&I)
Credit Trends (C&I)* ($ in millions) Highlights Loss Reserve Trends $2,758 $2,818 $2,868 $2,651 $2,710 $2,693 • 4Q25 Consumer Loan net charge-offs of 7.6%, down 7bps YoY • 4Q25 C&I net charge-offs of 7.9%, flat YoY 11.5% 11.5% 11.5% 11.5% 11.5% 11.5% • 4Q25 reserve coverage of 11.5%, flat QoQ and Yo
Slide 13: Operating Expenses (C&I)
Operating Expenses (C&I)* ($ in millions) Highlights • 4Q25 operating expense of $443 million, up 5% YoY, reflecting continued investment in our new products and channels, data science, technology and digital capabilities • FY25 OpEx ratio of 6.66%, in line with expectations • Expect FY26 OpEx ratio
Slide 14: Balance Sheet & Funding
Balance Sheet & Funding Unsecured Bank Facilities Secured Secured Mix % ($ in billions, unless noted) 59% 57% 55% 57% 54% 50% Highlights $7.81 $7.5 $7.5 $7.5 $7.5 $7.4 • Issued $1 billion unsecured bond at 6.75% due 2033; redeemed $424 million $1.1 $1.1 $1.1 $1.1 $1.1 $1.1 remaining balance of March
Slide 15: Capital Allocation Framework
Capital Allocation Framework 1 2 Business Investment • Balance sheet growth: managed Regular Dividend 3 receivables up 6% YoY • Board declared regular quarterly • Continue to invest in new products and channels, data science, dividend of $1.05 per share, Share Repurchases payable February 23 technol
Slide 16: 2026 Strategic Priorities (C&I)
2026 Strategic Priorities (C&I)* Key Metrics 2025 2026E Commentary • Continued conservative underwriting posture with growth supported by product innovation Managed Receivables Growth 6% 6% – 9% and new products C&I Net Charge-offs 7.7% 7.4% – 7.9% • No meaningful change in the macroeconomic environ
Slide 17: Appendix
Appendix
Slide 18: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (unaudited, $ in millions) 4Q25 3Q25 2Q25 1Q25 4Q24 FY25 FY24 Consumer & Insurance $247 $261 $211 $270 $159 $988 $707 Other - (2) (1) 1 (1) (4) (1) Segment to GAAP adjustment 2 4 4 4 6 17 (39) Income before income taxes - GAAP basis $249 $263 $214 $275 $164 $1,001
Slide 19: Reconciliation of Non-GAAP Measures (cont'd)
Reconciliation of Non-GAAP Measures (cont’d) (unaudited, $ in millions) 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Consumer & Insurance $24,853 $24,490 $23,901 $23,365 $23,598 Segment to GAAP adjustment (20) (25) (31) (37) (44) Net finance receivables - GAAP basis $24,833 $24,465 $23,870 $2
Slide 20: 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