ONEMAIN FINANCE CORP

Results of Operations

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.

OMH’S CONSOLIDATED RESULTS

The following table below presents OMH’s consolidated operating results and selected financial statistics. A further discussion of OMH’s operating results for our operating segment is provided under “Segment Results” below.

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

Comparison of Consolidated Results for Three and Nine Months Ended September 30, 2026 and 2025

Interest income increased $99 million or 7% in the three months ended September 30, 2026 when compared to the same period in 2025 due to growth in average net receivables.

Interest income increased $255 million or 6% in the nine months ended September 30, 2026 when compared to the same period in 2025 due to growth in average net receivables and an increase in yield.

Interest expense increased $25 million or 8% and $44 million or 5% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 due to an increase in average debt to support our receivables growth and a higher average cost of funds.

Provision for finance receivable losses increased $127 million or 26% and $235 million or 16% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 due to growth in receivables and higher net charge-offs.

Other revenues increased $49 million or 30% and $90 million or 17% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 driven by lower losses on repurchases and repayments of debt in the current period, as well as increases in credit card revenue from growth in the number of accounts and increases in servicing revenues driven by growth in finance receivables serviced for others.

Other expenses increased $26 million or 5% in the three months ended September 30, 2026 when compared to the same period in 2025 driven by increases in general operating expenses and salaries and benefits expense due to growth in receivables and our strategic investments in the business.

Other expenses increased $93 million or 7% in the nine months ended September 30, 2026 when compared to the same period in 2025 driven by increases in general operating expenses and salaries and benefits expense due to growth in receivables and our strategic investments in the business, as well as an increase in restructuring charges.

Income taxes decreased $16 million or 25% and $11 million or 7% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 due to lower pretax income and an increase in tax benefits from the purchase of transferable federal tax credits.

NON-GAAP FINANCIAL MEASURES

Management uses C&I adjusted pretax income (loss), a non-GAAP financial measure, as a key performance measure of our segment. C&I adjusted pretax income (loss) represents income (loss) before income taxes on a Segment Accounting Basis and excludes net loss resulting from repurchases and repayments of debt, restructuring charges, and other items and strategic activities. Management believes C&I adjusted pretax income (loss) is useful in assessing the profitability of our segment.

Management also uses pretax capital generation, a non-GAAP financial measure, as a key performance measure of our segment. This measure represents C&I adjusted pretax income as discussed above and excludes the change in our C&I allowance for finance receivable losses in the period while still considering the C&I net charge-offs incurred during the period. Management believes that pretax capital generation is useful in assessing the capital created in the period impacting the overall capital adequacy of the Company. Management believes that the Company’s reserves, combined with its equity, represent the Company’s loss absorption capacity.

Management utilizes both C&I adjusted pretax income (loss) and pretax capital generation in evaluating our performance. Additionally, both of these non-GAAP measures are consistent with the performance goals established in OMH’s executive compensation program. C&I adjusted pretax income (loss) and pretax capital generation are non-GAAP financial measures and should be considered supplemental to, but not as a substitute for or superior to, income (loss) before income taxes, net income, or other measures of financial performance prepared in accordance with GAAP.

OMH’s reconciliations of Income before income tax expense on a Segment Accounting Basis to C&I adjusted pretax income (non-GAAP) and pretax capital generation (non-GAAP) were as follows: