ONEMAIN FINANCE CORP

The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this section relates only to OMH. See Note 1 of the Notes to the Condensed Consolidated Financial Statements included in this report for further information.

See Note 13 of the Notes to the Condensed Consolidated Financial Statements included in this report for a description of our segment and methodologies used to allocate revenues and expenses to our C&I segment and for reconciliations of segment total to condensed consolidated financial statement amounts.

CONSUMER AND INSURANCE

The following table below presents OMH’s adjusted pretax income and selected financial statistics for C&I on an adjusted Segment Accounting Basis.

(a) See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios.

(b) The calculations for the three and six months ended June 30, 2024 have been adjusted for policy alignment associated with the Foursight Acquisition. See Note 4 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information.

Comparison of Adjusted Pretax Income for Three and Six Months Ended June 30, 2025 and 2024

Interest income increased $123 million or 10% and $253 million or 11% for the three and six months ended June 30, 2025 when compared to the same periods in 2024 due to growth in average net receivables and an increase in yield.

Interest expense increased $22 million or 7% and $56 million or 10% for the three and six months ended June 30, 2025 when compared to the same periods in 2024 due to an increase in average debt to support our receivables growth and a higher average cost of funds.

Provision for finance receivable losses remained consistent for the three months ended June 30, 2025 when compared to the same period in 2024 due to lower net charge-offs, partially offset by growth in receivables in the current period.

Provision for finance receivable losses increased $21 million or 2% for the six months ended June 30, 2025 when compared to the same period in 2024 due to growth in receivables, partially offset by lower net charge-offs in the current period.

Other revenues increased $11 million or 6% and $21 million or 6% for the three and six months ended June 30, 2025 when compared to the same periods in 2024 due to a higher gain on sales of finance receivables and an increase in credit card revenue from growth in receivables, partially offset by a decrease in investment revenue due to lower average corporate cash balances.

Other expenses increased $48 million or 11% and $86 million or 10% for the three and six months ended June 30, 2025 when compared to the same periods in 2024 driven by increases in salaries and benefits expense and general operating expenses due to growth in receivables and our strategic investments in the business.