ONEMAIN FINANCE CORP
For the period ended Jun 30, 2025. Filed Jul 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 29, 2025
OMF$55.50-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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GLOSSARY
Terms and abbreviations used in this report are defined below.
| Term or Abbreviation | Definition |
|---|---|
| 30-89 Delinquency ratio | net finance receivables 30-89 days past due as a percentage of net finance receivables |
| ABS | asset-backed securities |
| Adjusted pretax income (loss) | a non-GAAP financial measure used by management as a key performance measure of our segment |
| AETR | annual effective tax rate |
| AHL | American Health and Life Insurance Company, an insurance subsidiary of OneMain Financial Holdings, LLC |
| Annual Report | the Annual Report on Form 10-K of OMH and OMFC for the fiscal year ended December 31, 2024, filed with the SEC on February 7, 2025 |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Auto finance | financing at the point of purchase through a network of auto dealerships |
| Average daily debt balance | average of debt for each day in the period |
| Average net receivables | average of net finance receivables for each day in the period |
| Base Indenture | indenture, dated as of December 3, 2014, by and between OMFC and Wilmington Trust, National Association, as trustee, and guaranteed by OMH |
| Board | the OMH Board of Directors |
| C&I | Consumer and Insurance |
| CDO | collateralized debt obligations |
| CMBS | commercial mortgage-backed securities |
| Consumer loans | consist of Personal loans and Auto finance |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| FCRT | Foursight Capital Automobile Receivables Trust |
| Foursight | Foursight Capital LLC |
| Foursight Acquisition | acquisition of Foursight Capital LLC from Jefferies Financial Group, Inc., effective April 1, 2024 |
| GAAP | generally accepted accounting principles in the United States of America |
| GAP | guaranteed asset protection |
| Gross charge-off ratio | annualized gross charge-offs as a percentage of average net receivables |
| Gross finance receivables | the unpaid principal balance of our consumer loans, net of unamortized discount or premium. For precompute personal loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. Credit card gross finance receivables equal the unpaid principal balance, billed interest, and fees |
| Indenture | the Base Indenture, together with all subsequent Supplemental Indentures |
| Junior Subordinated Debenture | $350 million aggregate principal amount of 60-year junior subordinated debt issued by OMFC under an indenture dated January 22, 2007, by and between OMFC and Deutsche Bank Trust Company, as trustee, and guaranteed by OMH |
| KBRA | Kroll Bond Rating Agency, Inc. |
| Managed receivables | consist of our C&I net finance receivables, finance receivables serviced for our whole loan sale partners and auto finance loans originated by third parties |
| Modified finance receivables | finance receivable contractually modified as a result of the borrower’s financial difficulties |
| Moody’s | Moody’s Investors Service, Inc. |
| Net charge-off ratio | annualized net charge-offs as a percentage of average net receivables |
| Net finance receivables | gross finance receivables plus deferred origination costs. Consumer loans also include accrued finance charges and fees and exclude unearned fees |
| Term or Abbreviation | Definition |
|---|---|
| Net interest income | interest income less interest expense |
| ODART | OneMain Direct Auto Receivables Trust |
| OMFC | OneMain Finance Corporation |
| OMFCT | OneMain Financial Credit Card Trust |
| OMFIT | OneMain Financial Issuance Trust |
| OMH | OneMain Holdings, Inc. |
| OneMain | OneMain Holdings, Inc. and OneMain Finance Corporation, collectively with their subsidiaries |
| Open accounts | consist of all credit card accounts, except for charged-off accounts and closed accounts with a zero balance as of period end |
| Origination volume | loans originated during the period, including those originated and sold to our whole loan sale partners that we continue to service |
| Other securities | primarily consist of equity securities and those securities for which the fair value option was elected. Other securities recognize unrealized gains and losses in investment revenues |
| PCD | purchased credit deteriorated |
| Personal loans | loans secured by titled collateral or unsecured and offered through our branch network, central operations, or digital platform |
| Pretax capital generation | a non-GAAP financial measure defined as C&I adjusted pretax income (loss) excluding the change in C&I allowance for finance receivable losses in the period while still considering the C&I net charge-offs incurred during the period |
| Private Secured Term Funding | $350 million borrowing capacity issued on April 25, 2022 |
| Purchase volume | consists of credit card purchase transactions in the period, including cash advances, net of returns |
| Recovery ratio | annualized recoveries on net charge-offs as a percentage of average net receivables |
| RMBS | residential mortgage-backed securities |
| S&P | S&P Global Ratings |
| SEC | U.S. Securities and Exchange Commission |
| Securities Act | Securities Act of 1933, as amended |
| Segment Accounting Basis | a basis used to report the operating results of our C&I segment and our Other components, which reflects our allocation methodologies for certain costs and excludes the impact of applying purchase accounting |
| SpringCastle Portfolio | loans the Company previously owned and now services on behalf of a third party |
| Supplemental Indentures | collectively, the following supplements to the Base Indenture: Sixth Supplemental Indenture, dated as of May 11, 2018; Eighth Supplemental Indenture, dated as of May 9, 2019; Ninth Supplemental Indenture, dated as of November 7, 2019; Eleventh Supplemental Indenture, dated as of December 17, 2020; Twelfth Supplemental Indenture, dated as of June 22, 2021; Thirteenth Supplemental Indenture, dated as of August 11, 2021; Fourteenth Supplemental Indenture, dated June 20, 2023; Fifteenth Supplemental Indenture, dated June 22, 2023; Sixteenth Supplemental Indenture, dated as of December 13, 2023; Seventeenth Supplemental Indenture, dated May 22, 2024; Eighteenth Supplemental Indenture, dated August 19, 2024; Nineteenth Supplemental Indenture, dated November 4, 2024; Twentieth Supplemental Indenture, dated March 13, 2025; and Twenty-First Supplemental Indenture, dated June 11, 2025. |
| Triton | Triton Insurance Company, an insurance subsidiary of OneMain Financial Holdings, LLC |
| Unearned finance charges | the amount of interest that is capitalized at time of origination on a precompute loan that will be earned over the remaining contractual life of the loan |
| Unencumbered receivables | unencumbered unpaid principal balance of our consumer loans and credit cards. For precompute personal loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. Credit card receivables include those in the trust that exceed the minimum for securing advances under credit card variable funding note facilities, which the Company can remove from the trust under the terms of such facilities, and exclude billed interest, fees, and closed accounts with balances |
| Term or Abbreviation | Definition |
|---|---|
| Unsecured corporate revolver | unsecured revolver with a maximum borrowing capacity of $1.1 billion, payable and due on September 6, 2029 |
| Unsecured Notes | the notes, on a senior unsecured basis, issued by OMFC and guaranteed by OMH |
| VIEs | variable interest entities |
| VFN | variable funding note |
| Weighted average interest rate | annualized interest expense as a percentage of average debt |
| XBRL | eXtensible Business Reporting Language |
| Yield | annualized finance charges as a percentage of average net receivables |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.