What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-02-06 compared with 2025-02-07 · 16 added, 26 removed, 250 unchanged (14% of the section changed)

6 unchanged sentences

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

• offer responsible personal loan products;

• offer personal loan products;

• offer secured auto financing at the point of purchase;

6 unchanged sentences

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.

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

We believe we are well positioned for future growth with an experienced management team, proven access to the capital markets, and strong demand for consumer credit.

4 unchanged sentences

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.

Together, these resources allow us to operate in 48 states and serve more customers through their preferred channel:

in person, digitally, and over the phone.

INDUSTRY AND MARKET OVERVIEW

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

Using third party market data as of December 2025 and internally aligning to our current product offerings, we estimate U.S.

2 unchanged sentences

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.

Our auto finance and credit card offerings continue to deepen our existing customer relationships, attract new customers, and further our vision to be 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.

14 unchanged sentences

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.

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.

11 unchanged sentences

Our business benefits from an origination and servicing process that leverages our local community presence.

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.

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.

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.

8 unchanged sentences

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 includes an assessment of the applicant’s income and expenses to ensure he or she has the capacity to repay the loan.

Our underwriting process for 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.

21 unchanged sentences

• repossessing and re-marketing of titled collateral;

• managing and monitoring dealer partnerships;

• supervising sales and retention of customers;

6 unchanged sentences

Fort Worth, Texas;

and Salt Lake City, Utah.

and West Valley, Utah.

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

12 unchanged sentences

• our executive level reporting is available to headquarters and field operations management to review the status of activity through the close of business of the prior day;

• our branch operations management structure, Regional Quality Coordinators, and Compliance Field Examination teams are designed to oversee a large, decentralized organization with succeeding levels of supervision and are staffed with experienced personnel;

• our branch operations management structure, Regional Quality Coordinators, Compliance Field Examinations, and Compliance Analytics teams are designed to oversee a large, decentralized organization with succeeding levels of supervision and are staffed with experienced personnel;

• our branch and central operations compensation plans are based on credit quality and compliance, and are regularly reviewed for consistency with overall corporate goals and customer service;

• our compliance department assesses our compliance with applicable federal and state laws and regulations and our internal policies and procedures;

oversees training to ensure team members have an understanding of such laws, regulations, policies, and procedures that impact their job responsibilities;

oversees adequacy of training to ensure team members have an understanding of such laws, regulations, policies, and procedures that impact their job responsibilities;

and manages our regulatory examination process;

78 unchanged sentences

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.

There are numerous local, regional, and national competitors that serve nonprime 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.

19 unchanged sentences

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.

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

Our annual Employee Engagement Survey provides team members with the opportunity to share candid feedback, with a 90% participation rate in 2025.

3 unchanged sentences

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.

12 unchanged sentences

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 CEO, reporting directly to the Nominating and Corporate Governance Committee of the Board on Impact issues.

Our Impact Executive Council consists 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 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 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.

4 unchanged sentences

As part of Credit Worthy by OneMain Financial, we will award up to $600,000 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

8 unchanged sentences

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