Onemain Holdings, Inc. · NYSE:OMF
Onemain — Q1 2026 Earnings Presentation
18 slides from Onemain's earnings presentation, May 1, 2026
Slide 1: 1Q26 Financial Results
1Q26 Financial Results NYSE: OMF | May 1, 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: 1Q26 Financial Highlights
1Q26 Financial Highlights $26.1 billion $194 million $1.95 Managed Receivables* Capital Generation* C&I Adjusted Diluted EPS* $2.8 billion $1.6 billion $850 million Auto Managed Receivables* C&I Total Revenue* ABS Issuance 3-year revolver at 4.63% $983 million 8.4% $1.05 per share Credit Card Receiv
Slide 5: 1Q26 Financial Results
1Q26 Financial Results ($ in millions, except Average Assets and Average Net Receivables in billions, and per share statistics) Earnings Summary C&I* Adjusted Earnings Summary 1Q26 4Q25 1Q25 1Q26 4Q25 1Q25 Consumer & Insurance* $305 $250 $275 Interest Income $1,383 $1,411 $1,301 Other Net Revenue 14
Slide 6: Originations & Receivables (C&I)
Originations & Receivables (C&I)* ($ in billions) Consumer Loan Originations Highlights $3.9 $3.9 • $3.1 billion in 1Q26, up 3% YoY, with conservative credit posture $3.5 $3.6 $3.0 $3.1 • Growth driven by new products and utilization of data science and product innovation 4Q24 1Q25 2Q25 3Q25 4Q25 1Q
Slide 7: 1Q26 Credit Card and Auto Highlights
1Q26 Credit Card and Auto Highlights ($ in millions) Everyday transactions Financing at the point of purchase • Digital-first offering that rewards good • Deep experience in secured lending, credit behavior best-in-class capabilities and strong credit performance • Targeted and disciplined rollout •
Slide 8: Consumer Loan Delinquency Trends (C&I)
Consumer Loan Delinquency Trends (C&I)*1 ($ in millions) Highlights 30-89 Days Delinquent $706 $672 $674 • 30+ delinquency of 5.22%, up 14bps YoY $636 $568 $586 • 30-89 delinquency of 2.62%, down 1bps YoY 3.06% 2.99% 3.10% 2.89% • 90+ delinquency of 2.60%, up 14bps YoY 2.63% 2.62% 4Q24 1Q25 2Q25 3Q2
Slide 9: Portfolio Performance is Supported by Credit Tightening (C&I)
Portfolio Performance is Supported by Credit Tightening (C&I)*1 Highlights • Front book2 continues to perform in line with expectations • Back book now accounts for 5% of receivables but contributes 14% to 30+ delinquency • 30-89 delinquency quarter over quarter change in line with expectations and
Slide 10: Credit Trends (C&I)
Credit Trends (C&I)* ($ in millions) Highlights Loss Reserve Trends $2,758 $2,818 $2,868 $2,821 $2,710 $2,693 • 1Q26 Consumer Loan net charge-offs of 8.0%, up 19bps YoY • 1Q26 C&I net charge-offs of 8.4%, up 24bps YoY 11.48% 11.52% 11.54% 11.51% 11.54% 11.53% o 1Q26 Credit card net charge-offs of 18
Slide 11: Operating Expenses (C&I)
Operating Expenses (C&I)* ($ in millions) Highlights • 1Q26 operating expense of $437 million, up 9% YoY, reflecting continued investment in our new products and channels, data science, technology and digital capabilities • Expect FY26 OpEx ratio of ~6.6% Quarterly Operating Expenses Annual Operatin
Slide 12: Balance Sheet & Funding
Balance Sheet & Funding Unsecured Bank Facilities Secured Secured Mix % ($ in billions, unless noted) 55% 57% 54% 51% 50% Highlights $7.5 $7.4 $7.5 $7.5 $7.5 • Well-positioned funding profile with balanced debt mix, staggered $1.1 $1.1 $1.1 $1.1 $1.1 maturities and significant liquidity • Next unsec
Slide 13: 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 May 15 technology,
Slide 14: 2026 Strategic Priorities (C&I)
2026 Strategic Priorities (C&I)* No change versus prior guidance Key Metrics 2026E Commentary Managed Receivables Growth 6% – 9% • Continued conservative underwriting posture with growth supported by product innovation and new products C&I Net Charge-offs 7.4% – 7.9% • No meaningful change in the ma
Slide 15: Appendix
Appendix
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (unaudited, $ in millions) 1Q26 4Q25 3Q25 2Q25 1Q25 FY25 FY24 Consumer & Insurance $293 $247 $261 $211 $270 $988 $707 Other - - (2) (1) 1 (4) (1) Segment to GAAP adjustment 3 2 4 4 4 17 (39) Income before income taxes - GAAP basis $296 $249 $263 $214 $275 $1,001 $
Slide 17: Reconciliation of Non-GAAP Measures (cont’d)
Reconciliation of Non-GAAP Measures (cont’d) (unaudited, $ in millions) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Consumer & Insurance $24,463 $24,853 $24,490 $23,901 $23,365 Segment to GAAP adjustment (16) (20) (25) (31) (37) Net finance receivables - GAAP basis $24,447 $24,833 $24,465 $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