ONEMAIN HOLDINGS, INC. REPORTS THIRD QUARTER 2025 RESULTS

Financial Performance - OneMain Holdings reported pretax income of $263 million and net income of $199 million for Q3 2025, an increase from $207 million and $157 million in the same quarter last year [1] - Earnings per diluted share rose to $1.67 in Q3 2025, compared to $1.31 in the prior year quarter [1] - Total revenue for Q3 2025 was $1.6 billion, up 9% from $1.5 billion in the prior year quarter, driven by receivable growth and improved portfolio yield [8] Dividend and Share Repurchase - The company declared a quarterly dividend of $1.05 per share, a 1% increase from the previous dividend of $1.04 [2] - OneMain repurchased approximately 540 thousand shares of common stock for $32 million during the quarter and has approved a $1.0 billion share repurchase program expiring on December 31, 2028 [3] Consumer and Insurance Segment - The Consumer and Insurance segment reported adjusted pretax income of $303 million and adjusted net income of $227 million for Q3 2025, compared to $202 million and $151 million in the prior year quarter [5] - Adjusted earnings per diluted share for this segment were $1.90, up from $1.26 in the prior year quarter [5] Capital Generation and Receivables - Capital generation for Q3 2025 was $272 million, an increase from $211 million in the prior year quarter, driven by receivable growth and improved credit performance [6] - Managed receivables reached $25.9 billion as of September 30, 2025, a 6% increase from $24.3 billion a year earlier [7] Interest and Expenses - Interest income for Q3 2025 was $1.4 billion, up 9% from $1.3 billion in the prior year quarter, while interest expense increased to $320 million, a 7% rise from $299 million [8][9] - Operating expenses for Q3 2025 were $427 million, reflecting an 8% increase from $396 million in the prior year quarter [10] Delinquency and Loss Ratios - The 30+ days delinquency ratio for consumer loans was 5.55% as of September 30, 2025, compared to 5.63% a year earlier, indicating improved credit trends [10] - Net charge-offs were reported at 6.67%, down from 7.33% in the prior year [10] Funding and Liquidity - As of September 30, 2025, OneMain had principal debt balances of $22.6 billion, with 54% secured, and $658 million in cash and cash equivalents [11] - The company has significant liquidity resources, including $1.1 billion of undrawn committed capacity from an unsecured corporate revolver and $10.9 billion of unencumbered receivables [12]