OneMain (US:OMF)2026-02-05 11:29Financial Performance - OneMain reported pretax income of $249 million and net income of $204 million for Q4 2025, compared to $164 million and $126 million in the prior year quarter, representing increases of 52% and 62% respectively[1]. - For the full year 2025, net income was $783 million, up from $509 million in 2024, with earnings per diluted share increasing to $6.56 from $4.24[2]. - Total revenue for Q4 2025 was $1.6 billion, up 8% from $1.5 billion in the prior year quarter[8]. - Net income for Q4 2025 was $204 million, up from $126 million in Q4 2024, marking a significant year-over-year increase of 62%[26]. - Adjusted net income for the fiscal year 2025 was $795 million, a significant rise from $587 million in 2024, marking a 35.4% increase[33]. - The adjusted diluted EPS for the fiscal year 2025 was $6.66, compared to $4.89 in 2024, reflecting a 36.4% increase[33]. Shareholder Actions - The company repurchased approximately 1.2 million shares of common stock for $70 million during the quarter[3]. Segment Performance - Adjusted pretax income for the Consumer and Insurance segment was $250 million in Q4 2025, compared to $185 million in the prior year quarter, an increase of 35%[4]. - Consumer & Insurance segment adjusted pretax income for Q4 2025 was $250 million, up from $185 million in Q4 2024, representing a 35.1% increase[33]. Receivables and Loans - Managed receivables reached $26.3 billion at December 31, 2025, up 6% from $24.7 billion a year earlier[7]. - Consumer loan originations totaled $3.6 billion in Q4 2025, a 3% increase from $3.5 billion in the prior year quarter[8]. - Net finance receivables increased to $24,853 million in Q4 2025, up from $23,598 million in Q4 2024, indicating a growth of 5.3%[35]. - Average net receivables for Q4 2025 were $24,745 million, an increase from $24,238 million in Q3 2025, with a fiscal year average of $24,028 million, up from $22,440 million in 2024[36]. Expenses and Loss Provisions - Operating expenses for Q4 2025 were $443 million, reflecting a 5% increase from $422 million in the prior year quarter due to receivable growth and strategic investments[12]. - Interest expense increased to $323 million in Q4 2025, up 4% from $310 million in the prior year quarter[9]. - The provision for finance receivable losses was $542 million in Q4 2025, an increase of $19 million compared to the prior year period[11]. - The provision for finance receivable losses for Q4 2025 was $542 million, compared to $523 million in Q4 2024, indicating a slight increase of 3.6%[33]. Asset and Equity Growth - Total assets as of December 31, 2025, were $27,388 million, an increase from $25,910 million as of December 31, 2024, indicating a growth of 5.7%[28]. - Total shareholders' equity increased to $3,401 million as of December 31, 2025, up from $3,191 million in the previous year, representing a growth of 6.6%[28]. - Cash and cash equivalents rose to $914 million as of December 31, 2025, from $458 million a year prior, indicating a significant increase of 99.1%[29]. Debt and Leverage - Net adjusted debt was $21,783 million as of December 31, 2025, slightly up from $20,931 million in the previous year, reflecting a 4.1% increase[29]. - The net leverage ratio (net adjusted debt to adjusted capital) improved to 5.4x as of December 31, 2025, down from 5.6x a year earlier, indicating better capital management[29]. Charge-Offs and Delinquency - Net charge-offs for Q4 2025 were $492 million, compared to $428 million in Q3 2025, with a fiscal year total of $1,841 million, down from $1,849 million in 2024[36]. - Gross charge-offs for Q4 2025 were $540 million, compared to $480 million in Q3 2025, with a fiscal year total of $2,043 million, down from $2,080 million in 2024[38]. - 30+ delinquency ratio for Q4 2025 was 5.85%, compared to 5.55% in Q3 2025, with a fiscal year average of 5.85%, consistent with 5.76% in 2024[38].