Employee Engagement and Diversity - As of December 31, 2021, OneMain had over 8,800 employees, emphasizing a commitment to diversity and inclusion with 38% of the Board of Directors being ethnic or racial minorities and 25% women[56][58] - 84% of team members participated in the annual Employee Engagement Survey, indicating a high level of engagement within the organization[59] Corporate Social Responsibility - OneMain entered a $4 million service contract with EVERFI to develop and distribute free digital financial education to 1,500 high schools over four academic years, aiming to enhance financial literacy[64] - In June 2021, OneMain issued its inaugural Social Bond, with at least 75% of the loans funded allocated to women or minority borrowers, reinforcing its commitment to financial inclusion[63] - OneMain's approach to corporate social responsibility includes initiatives for financial literacy, community development, and social justice, reflecting its mission to improve financial well-being[62] Financial Performance - Net income for 2021 was $1,314 million, a significant increase from $730 million in 2020, resulting in a basic earnings per share of $9.90 compared to $5.42 in the previous year[333] - The provision for finance receivable losses decreased from $1,319 million in 2020 to $593 million in 2021, indicating improved credit quality[333] - Total other revenues of $531 million in 2021, slightly up from $526 million in 2020, with insurance revenues contributing $434 million[333] - Comprehensive income for 2021 was $1,281 million, compared to $780 million in 2020, reflecting a strong performance[348] Risks and Challenges - The company faces risks related to economic conditions affecting borrowers' ability to repay loans, particularly among nonprime borrowers who are more vulnerable to adverse conditions[72][73] - The company is exposed to operational risks due to remote work arrangements implemented during the COVID-19 pandemic, which may affect cybersecurity and overall business continuity[77][78] - The competitive landscape in the consumer finance industry poses risks, as competitors may have greater resources and lower costs of funds[104] - Cybersecurity risks, including data breaches and system failures, could disrupt operations and result in significant reputational and financial harm[93] Financial Position and Liquidity - The company emphasizes the importance of generating sufficient cash to service all outstanding debt and maintain liquidity[132] - The company may be required to indemnify or repurchase finance receivables that do not meet certain criteria, which could impact its financial condition and liquidity[91] - The company's ability to fund operational requirements may be adversely affected if it cannot access adequate sources of liquidity[126] Regulatory and Compliance Issues - The company is subject to regulatory scrutiny and potential penalties related to its operations, which could adversely affect its financial condition and results of operations[105] - The CFPB's supervisory authority over the company's real estate servicing activities could lead to increased regulatory compliance costs[115] - The company may face heightened regulatory scrutiny regarding the purchase and sale of finance receivables, especially those in default[121] Asset Management and Valuation - The company faces challenges in accurately valuing financial assets and liabilities due to market disruptions, which could adversely affect its financial condition and results of operations[87] - The company's allowance for finance receivable losses is a critical accounting estimate, requiring significant assumptions about collectability based on historical data and economic trends[85][86] - The company charges off personal loans and credit cards that are beyond seven payments (approximately 180 days) past due, with specific exceptions for bankruptcy cases[373] Shareholder and Stock Information - The company currently has 1,872,540,640 shares of common stock authorized but unissued, which may be issued without stockholder approval, potentially diluting existing stockholders[152] - The company intends to pay a minimum quarterly dividend of $0.95 per share, but future dividends will depend on various financial factors and may not be guaranteed[142] - Cash dividends declared were $9.55 per share in 2021, compared to $5.94 per share in 2020[338] Operational Overview - The company operates approximately 1,400 branch locations across 44 states, supporting its branch business through centralized operations[158] - The company has lease agreements for administrative offices in multiple states, with expiration dates ranging from 2022 to 2028[159] - The company relies on its operating subsidiaries for funds to meet financial obligations, and restrictions on these subsidiaries could impact dividend payments[141]

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 ...