Navient (JSM) 2025 Earnings Call Presentation

2024 Financial Results and Loan Origination - Private Education Loan originations reached $363 million in 4Q24, a 63% increase year-over-year[3] - Refinance Loan originations in 4Q24 were $322 million, compared to $191 million in 4Q23[4] - In-school Loan originations in 4Q24 were $41 million, up from $32 million in 4Q23[4] - For the full year 2024, Private Education Loan originations totaled $14 billion[4] - Full year 2024 Refinance Loan originations were $1034 billion, a 60% increase from $647 million in 2023[3,4] - Full year 2024 In-school Loan originations were $366 million, compared to $324 million in 2023[4] Strategic Actions and Efficiency - The company achieved its 2024 objectives related to outsourcing servicing, divesting business processing businesses, and streamlining its structure[3] - Employee headcount was reduced by approximately 50% from YE2023 to YE2024[6] ABS Issuance and Portfolio Characteristics - Private Education Loan ABS issuances are typically $500 million or greater[7] - The company refinanced more than $23 billion in student loans since 2014[14]