What changed in this filing

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Item 1. Business

2025-02-07 compared with 2024-02-13 · 87 added, 93 removed, 189 unchanged (49% of the section changed)

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As one of the nation’s leaders in offering nonprime consumers responsible access to credit, we:

• provide responsible personal loan products;

• offer responsible personal loan products;

• offer secured auto financing at the point of purchase;

• offer credit card products;

• offer optional products;

• offer a customer-focused financial wellness program;

• offer a customer-focused financial wellness platform (Trim by OneMain);

• service loans owned by us and third parties;

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• may establish joint ventures or enter into other strategic alliances.

We provide origination, underwriting, and servicing of personal loans.

We provide origination, underwriting, and servicing of consumer loans, consisting of personal loans and auto finance.

In addition, we offer two credit cards, BrightWay and BrightWay+, through a third-party bank partner from which we purchase the receivable balances.

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At December 31, 2024, we had $23.6 billion of finance receivables due from approximately 3.3 million customer accounts.

We also service personal loans for our whole loan sale partners.

We service the loans that we retain on our balance sheet, as well as loans owned by third parties.

At December 31, 2024, we had $24.7 billion of managed receivables due from approximately 3.4 million customer accounts.

Our branch network of approximately 1,400 locations in 44 states is staffed with expert personnel and is complemented by our digital lending and servicing capabilities and central operations staff, which allow us to serve customers in person, digitally, and over the phone.

Our branch network of more than 1,300 locations is staffed by experienced loan specialists.

This network is complemented by our digital lending and servicing capabilities, central operations staff and our network of franchise and independent auto dealerships.

Together, these resources allow us to operate in 47 states and serve more customers through their preferred channel, such as in person, digitally, and over the phone.

INDUSTRY AND MARKET OVERVIEW

We operate in the consumer finance industry serving consumers who have limited access to credit from banks, credit card companies, and other lenders.

We operate in the consumer finance industry serving consumers who typically have limited access to credit from banks, credit card companies, and other lenders.

Using third party market data as of December 2024 and internally aligning to our current product offerings, we estimate U.S.

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We believe this large market provides us with an attractive growth opportunity.

Our national branch network and digital platform, combined with our central operational capabilities, provide an opportunity to serve this market efficiently and responsibly.

In addition, our auto finance and credit card offerings continue to deepen our existing customer relationships, attract new customers, and further our vision to become the lender of choice for nonprime customers.

Our national branch network and digital platform, combined with our central operations and our network of auto dealerships, provide the opportunity for the Company to serve this market efficiently and responsibly.

Our auto finance and credit card offerings continue to deepen our existing customer relationships, attract new customers, and further our vision to become the lender of choice for nonprime consumers.

We believe we are well-positioned to capitalize on the significant growth and expansion opportunity within our industry.

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At December 31, 2024, Consumer and Insurance (“C&I”) was our only reportable segment.

We originate and service unsecured and secured personal loans, including auto finance, offer credit cards, and provide optional credit and non-credit insurance and other optional products through our branch and central operations, as well as our digital platform.

Personal loan origination and servicing, credit cards, and insurance products form the core of our operations.

We originate and service personal loans and auto finance loans, offer credit cards, and provide optional credit and non-credit insurance and other optional products through our branch and central operations, as well as our digital platform.

Consumer loan origination and servicing, credit cards, and insurance products form the core of our operations.

Our insurance business is conducted through our wholly owned insurance subsidiaries, American Health and Life Insurance Company (“AHL”) and Triton Insurance Company (“Triton”).

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Products and Services.

Our personal loan business comprises products and services that have performed well through various market conditions.

Our personal loans are non-revolving, with a fixed rate, have fixed terms generally between three to six years, and are secured by automobiles, other titled collateral, or are unsecured.

We offer personal loans through our branch network, central operations, digital affiliates, and our website, www.onemainfinancial.com , to consumers who need timely access to cash.

Our personal loans are non-revolving, with a fixed rate, have fixed terms generally between three and six years, and are secured by automobiles, other titled collateral, or are unsecured.

Our loans have no pre-payment penalties.

Auto finance includes automobile retail installment contracts originated at the point of purchase through a growing network of franchise and independent dealerships.

Auto finance loans are non-revolving, with a fixed rate, have fixed terms generally between three and six years, and are secured by automobiles.

BrightWay and BrightWay+ credit cards originate through a third-party bank partner from which we purchase the receivable balances.

The credit cards are offered through our branch network, direct mail, our digital affiliates, and our website.

Credit cards are open-ended, revolving, with a fixed rate, and are unsecured.

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Our other optional products primarily consist of traditional term life policies, optional membership plans from an unaffiliated company and Guaranteed Asset Protection (“GAP”) coverage, to cover the shortfall between the customer’s auto loan balance and the payment amount made by the customer’s primary auto insurance.

We require collateral protection insurance, at the customer’s expense, when they fail to maintain required insurance on property pledged as collateral for the finance receivable, that protects the value of that collateral.

We require collateral protection insurance, at the customer’s expense, when they fail to maintain required insurance on property pledged as collateral for the finance receivable.

We provide our customers financial wellness tools, free of charge.

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Our customers often develop a relationship with their local office representatives, which we believe not only improves the credit performance of our personal loans but also improves customer loyalty and the longer-term relationship.

We solicit customers through a variety of channels, including but not limited to direct mail offers, affiliate partners, targeted online advertising, search engines, and e-mail.

We use proprietary modeling, along with data purchased from credit bureaus, alternative data providers, and our existing data/experience to acquire and develop new and profitable customer relationships.

Our digital platform allows current and prospective customers the ability to apply for and close a personal loan online, at www.onemainfinancial.com .

We solicit customers through a variety of channels, including but not limited to direct mail offers, affiliate partners, our network of auto dealerships, targeted online advertising, search engines, and e-mail.

We use proprietary modeling that utilizes our existing data and experience, along with data purchased from credit bureaus and alternative data providers, to acquire and develop new and profitable customer relationships.

Our digital platform allows current and prospective customers the ability to apply for and close a personal loan or credit card online.

Our digital user experience includes video, chat, and co-browsing with customers.

These tools simplify and optimize the customer experience.

We offer borrowers an option to close remotely through our digital platform without coming into a branch location.

Our applications, regardless of whether they are completed in person, over the phone, or online, go through our best-in-class underwriting processes, including an ability-to-pay assessment, monthly budgeting, income verification, and central automated credit decisioning.

Our applications, regardless of whether they are completed in person, over the phone, or online, go through our best-in-class underwriting, including processes such as an ability-to-pay assessment, monthly budgeting, income verification, and central automated credit decisioning.

Our goal is to continue to improve the way we serve our customers and extend responsible credit, so customers are able to repay their loans.

Credit quality is driven by our long-standing underwriting philosophy, which considers a prospective customer’s willingness and capacity to repay the personal loan.

Credit quality is driven by our long-standing underwriting philosophy, which considers a prospective customer’s willingness and capacity to repay the loan.

We use credit risk scoring models at the time of the credit application to assess the applicant’s likelihood of repaying the loan.

We develop these models using numerous factors, including past customer credit repayment experience, application data, and alternative data sources, while periodically revalidating these models based on recent portfolio performance.

Our underwriting process for our personal loans also includes an assessment of the applicant’s income and expenses to ensure he or she has the capacity to repay the loan.

We obtain a security interest in titled property for our secured personal loans.

Our underwriting process for our personal loans includes an assessment of the applicant’s income and expenses to ensure he or she has the capacity to repay the loan.

For all secured consumer loans, we obtain a security interest in titled property.

Our customers are primarily considered nonprime and therefore a higher credit risk, who often require significantly higher levels of servicing than prime customers.

As a result, we generally charge these customers higher interest rates.

We may extend the opportunity of a deferment and bring the customer current if they are experiencing a temporary financial hardship.

We evaluate the borrower’s financial situation to ensure that it is temporary and the ability to resume monthly payments would be solved by the deferment.

If a customer is experiencing a temporary financial hardship, we may extend the opportunity of a deferment and bring the customer current.

In such cases, we evaluate the borrower’s financial situation to ensure that it is temporary and whether the deferment will solve the customer’s ability to resume monthly payments.

If we believe the borrower’s financial difficulties are not temporary, the account is evaluated for other methods of borrower assistance, such as modification of loan terms.

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Account Servicing.

Account servicing and collections for our finance receivables are handled at the branch location, in our central service centers, through our digital platform, or third-party servicers.

Servicing and collection activity is conducted and documented on systems that log and maintain a permanent record of all transactions and may also be used to assess a customer’s application.

The systems permit branch office management to review the individual and collective performance of branch locations for which they are responsible.

Account servicing and collections for our finance receivables are handled at the branch location, in our central servicing facilities, through our digital platform, or through third-party servicers.

Servicing and collection activity is conducted and documented on systems that log and maintain a permanent record of all transactions and may also be used to assess a customer’s future application.

CENTRAL OPERATIONS

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• processing payments;

• originating personal loans;

• originating consumer loans;

• issuing and servicing optional products;

• servicing of certain delinquent personal loans;

• servicing of delinquent consumer loans;

• managing bankruptcy process for loans in Chapter 7, 11, and 13 proceedings;

• managing litigation requests against delinquent borrowers;

• managing litigation requests with delinquent borrowers;

• tracking collateral protection insurance;

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• managing charge-off recovery operations.

We currently have servicing facilities in Mendota Heights, Minnesota;

We currently have central servicing facilities in Mendota Heights, Minnesota;

Tempe, Arizona;

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Fort Mill, South Carolina;

and Fort Worth, Texas.

We believe these facilities position us for additional portfolio purchases and/or fee-based servicing, as well as additional flexibility in the servicing of our lending products.

Fort Worth, Texas;

and Salt Lake City, Utah.

In addition, we utilize third-party service providers for staff augmentation.

These third parties are located in multiple locations, the selection of which is completed based on services and skills available, cost, and business need.

We believe these facilities position us for further expansion and growth.

OPERATIONAL CONTROLS

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• our operational policies and procedures that standardize various aspects of lending and collections;

• our branch finance receivable systems control loan size, interest rates, maturity dates, and fees of our customers’ accounts;

• our finance receivable systems control loan size, interest rates, maturity dates, and fees of our customers’ accounts;

create loan documents specific to the state in which the branch location operates or to the customer’s location if the loan is made electronically through our central operations;

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We have established policies and practices that provide a framework for compliance with applicable privacy, data protection, and cybersecurity laws and work to meet evolving customer expectations.

Our regulators are increasingly focused on the adequacy of these policies and practices, including with respect to providing consumers with choices about how we use and share their information, and the processes we take to safeguard their personal information and account access.

Our regulators are increasingly focused on the adequacy of these policies and practices, including with respect to providing consumers with choices about how we use and share their personal information, and the processes we take to safeguard their personal information and account access.

Our consumer businesses are subject to the privacy, disclosure, and safeguarding provisions of the Gramm-Leach-Bliley Act (“GLBA”) and Regulation P, which implements the GLBA.

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In December 2021 and October 2023, the Federal Trade Commission published amendments to its Safeguards Rule that prescribe more specific administrative and technical requirements for a financial institution’s cybersecurity program.

Various states also have adopted laws, rules, and regulations pertaining to privacy and/or cybersecurity that may be as, or more stringent and expansive than federal requirements.

These state laws include, but are not limited to, the California Consumer Privacy Act (as amended by the California Privacy Rights Act of 2020), the Oregon Consumer Privacy Act, and the New York Department of Financial Services (“NYDFS”) Cybersecurity Regulation.

Certain of these requirements may apply to the personal information of our employees and contractors, as well as to our customers.

Various states also have adopted, or are in the process of adopting, laws, rules, and regulations pertaining to privacy and/or cybersecurity that may be as, or more stringent and expansive than federal requirements.

These state laws include, but are not limited to, the California Consumer Privacy Act (as amended by the California Privacy Rights Act of 2020), the Oregon Consumer Privacy Act, the Minnesota Consumer Data Privacy Act, and the New York Department of Financial Services (“NYDFS”) Cybersecurity Regulation.

Certain of these requirements may apply to the personal information of our employees and business partners, as well as to our customers.

federal, state, and territory regulators have also enacted, or are in the process of enacting, data security breach notification requirements that are applicable to us.

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We also utilize third-party debt collectors and will continue to be responsible for oversight of their procedures and controls, as they pertain to our collection activities.

The CFPB has supervisory authority with respect to various federal consumer protection laws for some providers of consumer financial products and services, such as any nonbank that it has reasonable cause to determine has engaged or is engaging in conduct that poses risks to consumers with regard to consumer financial products or services.

In addition to the authority to bring nonbanks under the CFPB’s supervisory authority based on risk determinations, the CFPB also has authority under the Dodd-Frank Act to supervise nonbanks, regardless of size, in certain specific markets, such as mortgage companies (including mortgage originators, brokers, and servicers) and payday lenders.

Currently, the CFPB has supervisory authority over the Company as a mortgage servicer.

The Dodd-Frank Act also gives the CFPB supervisory authority over entities that are designated as “larger participants” in certain financial services markets, including the auto financing market and the consumer installment lending market.

On June 30, 2015, the CFPB published its final rule for designating “larger participants” in the auto financing market.

With the adoption of this regulation, we are considered a larger participant in the auto financing market and are subject to supervision and examination by the CFPB.

In addition, in its Spring 2018 rulemaking agenda, the CFPB stated that it had decided to classify as “inactive” certain rulemakings previously identified in the expectation that the final decisions on proceeding will be made by the next permanent director.

A larger-participant rule for consumer installment loans was one of the rulemaking initiatives designated as inactive.

It is not known if or when the CFPB may consider reactivating the rulemaking process for the larger-participant rule for consumer installment loans.

The CFPB has supervisory authority with respect to various federal consumer protection laws for some providers of consumer financial products and services, such as nonbanks, regardless of size, in certain specific markets, such as mortgage companies (including mortgage originators, brokers, and servicers).

The Dodd-Frank Act also gives the CFPB supervisory authority over entities that are designated as “larger participants” in certain financial services markets, including the auto financing market.

Starting in 2023, the CFPB has exercised supervisory authority over the Company’s entire consumer finance business as a result of the Company’s status as a “larger participant” in the auto financing market.

The investigation and enforcement provisions of Title X of the Dodd-Frank Act may adversely affect our business if the CFPB or one or more state attorneys general or state regulators believe that we have violated any federal consumer financial protection laws, including the prohibition in Title X against unfair, deceptive, or abusive acts or practices.

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• reserve requirements for unearned premiums, losses, and other purposes.

We operate in the consumer lending industry with a focus on serving the nonprime customer through our national branch network, central operations, affiliate partners, online, and over the phone.

There are numerous local, regional, and national competitors that seek to serve the non-prime consumers and that operate within our geographic network or over the internet offering similar products and services.

Competition between lenders occurs primarily on the basis of customer experience, price, speed of service, flexibility of loan terms offered, and operational capability.

Our credit cards compete with many local, regional, and national issuers in the non-prime credit card industry.

Competition between credit card issuers occurs primarily based on customer experience, price, credit availability, rewards programs, and service quality.

We operate in the consumer lending industry with a focus on serving nonprime consumers through our national branch network, central operations, affiliate partners, network of auto dealerships, online, and over the phone.

There are numerous local, regional, and national competitors that serve non-prime consumers, both within our geographic network and through digital channels, offering similar products and services.

Our consumer loans and credit cards compete with offerings from banks, credit unions, non-depository institutions, fintech platforms, auto finance companies, and other credit card issuers.

Competition in these markets is primarily driven by customer experience, price, speed and quality of service, flexibility of terms, credit availability, product offerings, and operational capability.

We believe that we possess several competitive strengths that allow us to compete effectively with other lenders in our industry.

We utilize an omnichannel operating model, including a digital lending footprint and a branch network rooted in local communities.

Our national branch network serves as a proven distribution channel.

We also have proven analytics that allow us to have strong loss performance through economic cycles.

We believe our deep understanding of local markets and customers, together with our proprietary underwriting process, sophisticated data analytics, and decisioning tools allow us to price, manage, and monitor risk effectively through changing economic conditions.

Our omnichannel operating model combines a branch network rooted in local communities with advanced digital capabilities, offering customers accessible and flexible options.

Our national branch network has consistently proven to be a reliable distribution channel, and our addition of Foursight has expanded our network of auto dealerships.

Additionally, our extensive data and advanced analytics have supported strong loss performance across economic cycles.

Our funding model, which includes a diverse mix of funding sources and a strong liquidity track record, ensures consistent and reliable access to capital to support our operations and strategic initiatives.

We also benefit from our deep understanding of local markets and customers.

Together with our proprietary underwriting process, sophisticated data analytics and decisioning tools, and proven funding model, we are well positioned to price effectively, manage and monitor risk, and access capital through changing economic conditions.

See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Seasonality” in Part II - Item 7 in this report for discussion of our seasonal trends.

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We believe in putting people first with a focus on recruiting, developing, and supporting our team members, and celebrating the communities in which we operate.

We believe a diverse talent pool and inclusive work environment makes us stronger, helps us fulfill our Company’s mission, and connects us with the customers and communities we serve.

We believe a broad talent pool and inclusive work environment makes us stronger, helps us fulfill our Company’s mission, and connects us with the customers and communities we serve.

Finally, we believe that integrity, transparency, and respect are at the heart of our success, and that these ethical values must inform every interaction we have with customers and with each other.

Diversity and Inclusion

We strive to recruit, train, and retain outstanding, diverse team members that believe in our mission, live our values, and go the extra mile for our customers.

Our inclusive culture allows team members at all levels of the organization to further their careers and achieve both their personal and professional goals.

Our Diversity Council is sponsored by our Chief Executive Officer and our Chief Human Resources Officer.

Council members represent a cross section of leadership in various roles and geographies who provide thought leadership and champion internal and external diversity initiatives in support of the organization.

Our diversity strategy, which we treat as an important business priority, has three pillars:

(i) hiring and retaining diverse talent, (ii) talent pipeline and progression, and (iii) creating a culture of inclusion.

We partner with organizations, including Veteran Job Mission and Direct Employers Association, to help recruit a diverse workforce.

All OneMain leaders and team members receive unconscious-bias training aimed at creating a positive, inclusive work environment.

We require diverse candidates (women or minorities) to be considered for all leadership roles.

This commitment to diversity begins with the Board, whose membership includes 50% ethnic or racial minorities and 25% women.

Culture, Talent, and Development

We are dedicated to fostering an inclusive and dynamic environment where team members can thrive both personally and professionally.

We strive to recruit, train, and retain outstanding team members who believe in our mission, live our values, and go the extra mile for our customers.

Our culture is built on inclusion, collaboration, and continuous growth.

This commitment is championed by our Diversity Council, sponsored by our Chief Executive Officer (“CEO”) and our Chief Human Resources Officer, and includes leaders from various roles and geographies.

The Council drives internal and external initiatives that align with our three pillars:

(i) hiring and retaining talent, (ii) talent pipeline and progression, and (iii) creating a culture of inclusion.

We also empower our managers to take responsibility for attracting and retaining high-quality talent, and fostering an environment of respect and inclusivity.

To support these goals, we partner with organizations such as the Veteran Job Mission and Direct Employers Association to broaden our workforce reach.

All leaders and team members receive training to promote a respectful and inclusive work environment.

Our annual Employee Engagement Survey provides team members with the opportunity to share candid feedback, with a 90% participation rate in 2024.

This input helps us measure engagement and enhance the workplace experience.

We believe that motivated and engaged team members drive innovation, collaboration, and excellent customer experience.

OneMain provides team members with the tools, training, and opportunities to grow their careers.

From personalized goal setting and coaching to leadership development programs, we invest in our people at every level.

Our robust development initiatives include Continuing Professional Education, Women’s Leadership Development, Diverse Talent Leadership, and allyship training for managers.

Additionally, our virtual Day of Inclusion events further our commitment to fostering a culture where everyone feels valued and supported.

By prioritizing talent development and an inclusive culture, we remain competitive in attracting and retaining exceptional team members while ensuring our customers receive best-in-class service.

Our people are our most valuable assets, and we are committed to helping them succeed.

OneMain’s 2023 U.S.

Equal Employment Opportunity (“EEO-1”) Report is available on our Investor Relations website, further demonstrating our commitment to accountability and transparency.

All managers are accountable for attracting and retaining high-quality, diverse talent, and creating a respectful, inclusive work environment as part of their goals and our leadership attributes.

In addition, each year team members have the opportunity to provide candid feedback in an Employee Engagement Survey on how engaged they are and how enabled they feel in their roles at OneMain.

As of December 31, 2023, 90% of team members participated in the annual Employee Engagement Survey.

Talent Retention and Development

We believe that motivated and engaged team members are more productive, innovative, and collaborative, which in turn helps consistently deliver an excellent customer experience.

OneMain equips each team member at all levels of our organization with the tools and support, both personal and professional, to further their careers.

We empower our employees to learn new skills, meet personalized development goals, and grow their careers.

Team members are guided through their performance management with regular goal setting and coaching.

OneMain conducts regular employee trainings, including Continuing Professional Education and leadership development at each level.

OneMain maintains a Women’s Leadership Development program, a Diverse Talent Leadership program, and offers allyship training for managers.

We also hold a virtual series of Day of Inclusion events and partner with PFLAG, an organization dedicated to supporting, educating, and advocating for LGBTQ+ people and their families, to offer Straight for Equality development sessions.

We continue to invest in our employees and believe training and professional development is critical to maintaining our talent competitiveness and providing best-in-class service for our customers.

Equal Employment Opportunity (“EEO-1”) Report is available on our Investor Relations website, further demonstrating our accountability and transparency.

Compensation and Benefits

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We also contributed to support financial literacy, community and economic development, food insecurity, and disaster relief initiatives.

Our Impact Executive Council consists of a diverse group of senior executives, appointed by the Chief Executive Officer (“CEO”), reporting directly to the Nominating and Corporate Governance Committee of the Board on Impact issues.

Our Impact Executive Council consists of a diverse group of senior executives, appointed by the CEO, reporting directly to the Nominating and Corporate Governance Committee of the Board on Impact issues.

These senior executives each hold responsibility for different Impact workstreams.

The increased oversight by these leaders reflects the Company’s commitment to monitoring Impact matters and risks for potential effects on the Company and the consumer lending industry, as well as potential opportunities that we may gain through proactive identification of Impact issues.

In June 2021, OMFC issued its inaugural Social Bond, with the net proceeds committed to serving credit-disadvantaged communities around the country.

Furthermore, at least 75% of the loans funded by the Social Bond are allocated to women or minority borrowers as outlined in OneMain’s Social Bond Framework.

In April 2022, OMFC completed its first social securitization in which we issued notes backed by personal loans made to individuals with mailing addresses containing zip codes in rural communities, with 75% of such loans made to borrowers with annual net income of $50,000 or less.

In August 2024, OMFC issued its second-ever Social Bond, with the net proceeds committed to serving credit-disadvantaged communities around the country.

Under OneMain’s Social Bond Framework, at least 75% of the loans funded by the Social Bond are allocated to women or minority borrowers.

Our social debt issuances reinforce our commitment to financial inclusion and providing underrepresented communities with access to safe, affordable credit.

They also provide concrete and measurable funding vehicles to advance the Company’s Impact program.

Additional information regarding our Social Bonds and Social Bond Framework is available on our Investor Relations website.

We continue to advance our mission to improve the financial well-being of hardworking Americans, particularly those in underserved communities.

In 2022, we made a $50 million commitment to support minority depository institutions and a military veteran owned and operated investment bank supporting job placement and transition services for veterans.

As part of our commitment to financial wellness, Credit Worthy by OneMain Financial is a $4 million commitment with strategic partner EVERFI, a global social-impact technology provider, to develop and distribute free, digital financial education to high schools nationwide over four academic school years.

Additional information regarding our Social Bonds and Social Bond Framework are available on our Investor Relations website.

As part of our commitment to financial wellness, Credit Worthy by OneMain Financial is a strategic partnership with EVERFI, a global social-impact technology provider, to develop and distribute free, digital financial education to high schools nationwide over eight years.

Since program inception, we have delivered the curriculum to more than 4,100 schools and 440,000 students.

The curriculum is designed to drive meaningful social impact in communities by teaching high school students about building credit and managing debt.

Through interactive virtual and in-person classroom sessions, Credit Worthy helps students start early on the path to financial wellness.

Through interactive classroom sessions, both virtually and in-person, students start early on the path to financial wellness.

More than half of the schools using the digital curriculum during the academic year were low-to-moderate income.

As part of Credit Worthy by OneMain Financial, we will award up to $300,000 in scholarships over four years.

As part of our commitment to Impact, we continuously look for opportunities to minimize our environmental impacts and promote sustainability.

In 2023, we published our Environmental Policy to emphasize our dedication to sustainability and compliance for our business.

For additional information regarding our commitments to support our customers, communities, team members, and our corporate environment, please refer to our 2022 ESG Report, which is available on our Investor Relations website.

As part of Credit Worthy by OneMain Financial, we will award up to $550,000 in scholarships.

For additional information regarding our commitments to support our customers, communities, and team members, please refer to our 2023 Impact Report, which is available on our Investor Relations website.

AVAILABLE INFORMATION

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business