OneMain Holdings, Inc. (NYSE:OMF) Q4 2021 Results Conference Call February 3, 2022 8:30 AM ET Company Participants Peter Poillon - Head of Investor Relations Doug Shulman - Chairman of the Board and Chief Executive Officer Micah Conrad - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kaye - Wells Fargo Kevin Barker - Piper Sandler Vincent Caintic - Stephens Inc Moshe Orenbuch - Credit Suisse Rick Shane - JP Morgan Mengxian Jiao - Deutsche Bank John Rowan - Janney J ...

OneMain Financial. | --- | --- | --- | --- | --- | --- | |-------|-------|---------------|-------|-------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | OneMain Financial | | | | | | | | | | | | | | | | | | | | | | | | | | 4Q21 Earnings | | | | | | | | | | | | | | Presentation | | | | February 3, 2022 Important Information Cautionary Note Regarding Forward-Looking Statements This document contains "forward-looking statements" within the meaning of the Pr ...

OneMain Holdings, Inc (NYSE:OMF) Q3 2021 Earnings Conference Call October 21, 2021 8:30 AM ET Company Participants Peter Poillon - Head of Investor Relations Doug Shulman - Chairman of the Board and Chief Executive Officer Micah Conrad - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kaye - Wells Fargo Kevin Barker - Piper Sandler Vincent Caintic - Stephens Inc Moshe Orenbuch - Credit Suisse Rick Shane - JP Morgan Mengxian Jiao - Deutsche Bank John Rowan - Janney ...

1 OneMain Financial. | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------------|-------|-------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | OneMain Financial | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3Q21 | | | Earnings | | | | | | | | | | | | | | | | Presentation | | | | October 20, 2021 2 Important Information Cautionary Note Regarding Forward-Looking Statements This presentation conta ...

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) Presents OMH and OMFC's unaudited financials, highlighting increased net income from lower loss provisions [Financial Statements of OneMain Holdings, Inc. (OMH)](index=7&type=section&id=Financial%20Statements%20of%20OneMain%20Holdings%2C%20Inc.%20and%20Subsidiaries%20(Unaudited)) OMH reported increased net income and EPS, driven by lower loss provisions and growing receivables Balance Sheet Highlights | (dollars in millions) | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $821 | $2,272 | | Net finance receivables | $18,843 | $18,084 | | Allowance for finance receivable losses | ($2,061) | ($2,269) | | Total assets | $21,963 | $22,471 | | Long-term debt | $17,661 | $17,800 | | Total shareholders' equity | $3,121 | $3,441 | Results of Operations Highlights | (dollars in millions, except per share) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Net interest income | $2,541 | $2,492 | | Provision for finance receivable losses | $356 | $1,186 | | Net income | $1,051 | $371 | | Diluted EPS | $7.84 | $2.75 | - For the nine months ended September 30, 2021, OMH paid cash dividends of **$1,188 million** (**$8.85 per share**) and repurchased **$176 million** of common stock[21](index=21&type=chunk) [Financial Statements of OneMain Finance Corporation (OMFC)](index=13&type=section&id=Financial%20Statements%20of%20OneMain%20Finance%20Corporation%20and%20Subsidiaries%20(Unaudited)) OMFC's results mirror OMH's, showing increased net income from lower loss provisions and significant parent dividends - The results of OMFC are consolidated into OMH, and due to nominal differences, the content throughout the filing relates to both entities unless specified otherwise[42](index=42&type=chunk) Results of Operations Highlights | (dollars in millions) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Net interest income | $2,541 | $2,492 | | Provision for finance receivable losses | $356 | $1,186 | | Net income | $1,051 | $371 | - During the nine months ended September 30, 2021, OMFC paid cash dividends of **$1,388 million** to its parent company, OMH[34](index=34&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=19&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail finance receivables growth, decreased loss allowance from improved outlook, and new debt issuances - The company initiated a whole loan sale program in Q1 2021, selling **$325 million** of gross finance receivables in the first nine months of the year, resulting in a gain of **$30 million**[52](index=52&type=chunk) Finance Receivables and Allowance for Losses | (dollars in millions) | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Finance Receivables | $18,843 | $18,084 | | Allowance for Finance Receivable Losses | $2,061 | $2,269 | | Allowance as a % of Receivables | 10.94% | 12.55% | - The decrease in the allowance for finance receivable losses for the nine months ended September 30, 2021, was primarily due to an improved outlook for unemployment and macroeconomic conditions, partially offset by loan portfolio growth[61](index=61&type=chunk) - In 2021, OMFC issued a **$750 million** Social Bond (**3.50%** Senior Notes due 2027) and **$600 million** of **3.875%** Senior Notes due 2028[78](index=78&type=chunk)[79](index=79&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=38&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, credit quality, and liquidity, highlighting increased net income from lower loss provisions [Recent Developments and Outlook](index=42&type=section&id=Recent%20Developments%20and%20Outlook) The company launched new credit card products, issued significant debt, and returned capital to shareholders - Launched two new credit card products, BrightWay and BrightWay+, in Q3 2021 to expand customer relationships and attract new consumers[127](index=127&type=chunk) - Issued a **$750 million** Social Bond and **$600 million** in senior notes in June and August 2021, respectively, and redeemed **$681 million** of **7.75%** Senior Notes in January 2021[128](index=128&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk) - On August 3, 2021, the company repurchased **1.7 million shares** for **$99 million** in a concurrent share buyback[135](index=135&type=chunk) - As of September 30, 2021, **$78 million** remained under its separate stock repurchase program[136](index=136&type=chunk) - Completed the acquisition of Trim, a financial wellness fintech company, on May 14, 2021, to enhance its customer offerings[138](index=138&type=chunk) [Results of Operations](index=45&type=section&id=Results%20of%20Operations) Net income significantly increased due to a substantial decrease in the provision for finance receivable losses Results of Operations Highlights | (dollars in millions) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Interest income | $3,244 | $3,273 | | Interest expense | $703 | $781 | | Provision for finance receivable losses | $356 | $1,186 | | Net income | $1,051 | $371 | | Diluted EPS | $7.84 | $2.75 | - The provision for finance receivable losses decreased by **$830 million** (**70%**) for the nine months ended Sep 30, 2021, compared to the same period in 2020, primarily due to an improved economic outlook and better credit performance[150](index=150&type=chunk) [Segment Results](index=48&type=section&id=Segment%20Results) Consumer and Insurance (C&I) segment's adjusted pretax income significantly increased due to reduced loss provisions Segment Performance | (dollars in millions) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Income before income taxes - Segment Basis | $1,429 | $530 | | **Adjusted pretax income (non-GAAP)** | **$1,505** | **$595** | | **Pretax capital generation (non-GAAP)** | **$1,292** | **$969** | [Credit Quality](index=51&type=section&id=Credit%20Quality) Credit quality improved with decreased allowance for losses and stable delinquency ratios, despite portfolio concentration Delinquency Ratios | Delinquency Ratio | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **30-89 day**s past due | **2.20%** | **2.28%** | | **60+ days** past due | **2.40%** | **2.64%** | | **90+ days** past due (Nonperforming) | **1.57%** | **1.75%** | - The allowance for finance receivable losses decreased as a percentage of receivables from **13.05%** at Q3 2020 to **10.94%** at Q3 2021, primarily due to an improved outlook for unemployment and macroeconomic conditions[181](index=181&type=chunk)[183](index=183&type=chunk) Portfolio FICO Score Distribution | FICO Score Category | % of Portfolio (Sep 30, 2021) | | :--- | :--- | | 660 or higher (Prime) | **26%** | | 620-659 (Near-prime) | **27%** | | 619 or below (Sub-prime) | **47%** | [Liquidity and Capital Resources](index=56&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity through cash, debt, and loan sales, returning significant capital to shareholders - As of September 30, 2021, the company had **$11.0 billion** of unencumbered gross finance receivables available to support liquidity[191](index=191&type=chunk) - The company had access to **14** revolving conduit facilities with a total borrowing capacity of **$7.3 billion** as of September 30, 2021, with no amounts drawn[196](index=196&type=chunk)[217](index=217&type=chunk) Cash Dividends Paid | Dividend Declaration Date | Dividend Per Share | Amount Paid (in millions) | | :--- | :--- | :--- | | February 8, 2021 | $3.95 | $531 | | April 26, 2021 | $0.70 | $94 | | July 21, 2021 | $4.20 | $555 | | **Total** | **$8.85** | **$1,180** | - During the nine months ended September 30, 2021, OMH repurchased a total of **3,047,844 shares** for an aggregate of **$176 million**, which includes a **$99 million** concurrent share buyback and **$77 million** under its stock repurchase program[198](index=198&type=chunk)[199](index=199&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=60&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to the company's market risk were reported from previous disclosures - There have been no material changes to the company's market risk as disclosed in its Annual Report[222](index=222&type=chunk) [Item 4. Controls and Procedures](index=61&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective with no material changes in internal controls - Based on an evaluation as of September 30, 2021, the CEO and CFO of both OMH and OMFC concluded that the company's disclosure controls and procedures were effective[225](index=225&type=chunk)[228](index=228&type=chunk) - No changes occurred in internal control over financial reporting during the third quarter of 2021 that have materially affected, or are reasonably likely to materially affect, internal controls[226](index=226&type=chunk)[229](index=229&type=chunk) PART II — OTHER INFORMATION [Item 1. Legal Proceedings](index=62&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions, with outcomes often difficult to estimate - In the normal course of business, the company is named as a defendant in various legal actions[100](index=100&type=chunk) - For certain actions, it is not possible to reasonably estimate a loss or range of loss[102](index=102&type=chunk) [Item 1A. Risk Factors](index=62&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported - The company refers to the risk factors discussed in its Annual Report, which could materially affect its business, financial condition, or future results[232](index=232&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=62&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales, detailing significant common stock repurchases Common Stock Repurchases | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 2021 | 132,376 | $59.73 | | August 2021 | 2,009,513 | $58.26 | | September 2021 | 293,600 | $56.51 | | **Total Q3 2021** | **2,435,489** | **$58.13** | - The August repurchases included a **1,700,000 share** concurrent buyback at **$58.36 per share**, which did not reduce availability under the existing **$200 million** stock repurchase program[234](index=234&type=chunk) - As of September 30, 2021, approximately **$77.8 million** remained available for repurchase under the company's publicly announced stock repurchase program[234](index=234&type=chunk) [Item 3. Defaults Upon Senior Securities](index=62&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None[235](index=235&type=chunk) [Item 5. Other Information](index=62&type=section&id=Item%205.%20Other%20Information) No other information required to be disclosed under this item was reported - None[237](index=237&type=chunk)

Financial Performance - Net income for 2Q21 was $350 million, a 293% increase year-over-year compared to $89 million in 2Q20[20] - Consumer & Insurance (C&I) adjusted net income for 2Q21 was $358 million, up 235% year-over-year from $107 million in 2Q20[20] - Strong capital generation of $310 million in 2Q21, a 46% increase year-over-year[18] - Managed Receivables grew by $705 million in 2Q21, up 4% quarter-over-quarter and 3% year-over-year, reaching $183 billion[18, 23] Credit Quality - C&I net charge-offs for 2Q21 were 44%, down 192 bps year-over-year[18] - The company reduced its full-year 2021 C&I credit loss expectation to approximately 42%[18] - Provision for loan losses decreased by 69% year-over-year, from $422 million in 2Q20 to $130 million in 2Q21[23] Capital & Liquidity - The board declared a dividend of $420 per share, including a minimum dividend of $070 and an enhanced dividend of $350[18, 22] - The company repurchased 612K shares for $35 million in 2Q21, with $120 million remaining authorized for repurchases as of June 30, 2021[18, 22] - Completed $850 million 5-year revolving ABS at 156% and $750 million Social Bond due 2027 at 350%[18] - The company's liquidity runway exceeds 24 months as of June 30, 2021[18] Future Outlook - The company aims to double its customer base and achieve 50%+ customers with 2 or more products by 2025[33] - The company projects capital generation to reach $15 billion+ by 2025[33]

OneMain Holdings, Inc. (NYSE:OMF) Q2 2021 Earnings Conference Call July 22, 2021 9:00 AM ET Company Participants Peter Poillon – Head of Investor Relations Doug Shulman – Chairman and Chief Executive Officer Micah Conrad – Chief Financial Officer Conference Call Participants Michael Kaye – Wells Fargo Kevin Barker – Piper Sandler John Hecht – Jefferies Mark DeVries – Barclays Moshe Orenbuch – Credit Suisse Rick Shane – JPMorgan Kenneth Lee – RBC Capital Markets John Rowan – Janney Operator Welcome to OneMai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) OR (Exact name of registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (OneMain Holdings, Inc.) 27-3379612 For the transition period from to Indiana (OneMain Finance Corporation) 35-0416090 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36129 (OneMain Holdings, ...

Call Start: 08:00 January 1, 0000 8:59 AM ET OneMain Holdings, Inc. (NYSE:OMF) Q1 2021 Earnings Conference Call April 27, 2021, 8:00 am ET Company Participants Peter Poillon - Head, IR Doug Shulman - Chairman & CEO Micah Conrad - CFO Conference Call Participants Michael Kaye - Wells Fargo Moshe Orenbuch - Credit Suisse Arren Cyganovich - Citi Kevin Barker - Piper Sandler John Rowan - Janney Giuliano Bologna - Compass Point Vincent Caintic - Stephens Operator Welcome to the OneMain Financial First Quarter 20 ...

Financial Performance Highlights - OneMain Financial's 1Q21 net income was $413 million, a 1,191% increase year-over-year[21] - Consumer & Insurance (C&I) adjusted net income was $455 million, up 911% year-over-year[21] - Strong capital generation of $299 million in 1Q21, a 35% increase year-over-year[4,20] - Net charge-offs decreased to 47% in 1Q21, down 179 bps year-over-year[4,24] Capital and Liquidity - Increased minimum dividend by 56% to $070 per share in 2Q21[4,20] - Commenced a $150 million share repurchase program[4,20] - Liquidity runway in excess of 24 months as of March 31, 2021[4,20] Portfolio and Receivables - Ending net receivables (ENR) of $176 billion, down 4% year-over-year, impacted by mid-March stimulus[24] - Portfolio secured mix of 52%, flat year-over-year[24] - Yield of 240%, down 3 bps year-over-year[24] Strategic Initiatives - Accelerated omni-channel distribution with 46% of loans closed digitally in 1Q21[4,20] - Credit card launch on track for 2H21, building infrastructure to support a multi-billion-dollar product line[4,20] - Acquired Trim, a customer-focused financial wellness fintech, with over 600K linked bank accounts and ~1 billion customer transactions[32,34]