OneMain Holdings, Inc. 10-Q

omf-20260630 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36129 (OneMain Holdings, Inc.) 001-06155 (OneMain Finance Corporation) ONEMAIN HOLDINGS, INC. ONEMAIN FINANCE CORPORATION (Exact name of registrant as specified in its charter) Delaware (OneMain Holdings, Inc.) 27-3379612 Indiana (OneMain Finance Corporation) 35-0416090 (State of incorporation) (I.R.S. Employer Identification No.) 601 N.W. Second Street , Evansville , IN 47708 (Address of principal executive offices) (Zip code) ( 812 ) 424-8031 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: OneMain Holdings, Inc.: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share OMF New York Stock Exchange OneMain Finance Corporation: None Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. OneMain Holdings, Inc. Yes ☑ No ☐ OneMain Finance Corporation Yes ☑ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). OneMain Holdings, Inc. Yes ☑ No ☐ OneMain Finance Corporation Yes ☑ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. OneMain Holdings, Inc.: Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ OneMain Finance Corporation: Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☑ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. OneMain Holdings, Inc. ☐ OneMain Finance Corporation ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). OneMain Holdings, Inc. Yes ☐ No ☑ OneMain Finance Corporation Yes ☐ No ☑ At July 21, 2026, there were 115,041,469 shares of OneMain Holdings, Inc’s common stock, $0.01 par value, outstanding. At July 21, 2026, there were 10,160,021 shares of OneMain Finance Corporation’s common stock, $0.50 par value, outstanding. 2 TABLE OF CONTENTS GLOSSARY 4 PART I — FINANCIAL INFORMATION Item 1. Financial Statements of OneMain Holdings, Inc. and Subsidiaries (Unaudited): Condensed Consolidated Balance Sheets 7 Condensed Consolidated Statements of Operations 8 Condensed Consolidated Statements of Comprehensive Income 9 Condensed Consolidated Statements of Shareholders’ Equity 10 Condensed Consolidated Statements of Cash Flows 12 Financial Statements of OneMain Finance Corporation and Subsidiaries (Unaudited): Condensed Consolidated Balance Sheets 13 Condensed Consolidated Statements of Operations 14 Condensed Consolidated Statements of Comprehensive Income 15 Condensed Consolidated Statements of Shareholder’s Equity 16 Condensed Consolidated Statements of Cash Flows 18 Notes to the Condensed Consolidated Financial Statements 19 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 44 Item 3. Quantitative and Qualitative Disclosures About Market Risk 63 Item 4. Controls and Procedures 64 Controls and Procedures of OneMain Holdings, Inc. 64 Controls and Procedures of OneMain Finance Corporation 64 PART II — OTHER INFORMATION Item 1. Legal Proceedings 65 Item 1A. Risk Factors 65 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other Information 65 Item 6. Exhibit Index 66 SIGNATURES OneMain Holdings, Inc. Signature 67 OneMain Finance Corporation Signature 68 3 Table of Contents 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, 2025, filed with the SEC on February 6, 2026 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 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, 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 Net interest income interest income less interest expense ODART OneMain Direct Auto Receivables Trust OMFC OneMain Finance Corporation 4 Table of Contents Term or Abbreviation Definition OMFCT OneMain Financial Credit Card Trust OMFH OneMain Financial Holdings, LLC 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 Personal loans loans secured by automobiles, other collateral, or are unsecured and offered through our branch network, central operations, or digital platform Pretax capital generation a non-GAAP financial measure used by management as a key performance measure of our segment, 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: 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; 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; Twenty-First Supplemental Indenture, dated June 11, 2025; Twenty-Second Supplemental Indenture, dated August 12, 2025; Twenty-Third Supplemental Indenture, dated September 17, 2025; Twenty-Fourth Supplemental Indenture. dated December 18, 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 interest, fees, and closed accounts with balances Unsecured corporate revolver unsecured revolver with a maximum borrowing capacity of $1.0 billion, payable and due on September 6, 2029 5 Table of Contents Term or Abbreviation Definition 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 6 Table of Contents PART I - FINANCIAL INFORMATION Item 1. Financial Statements. ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) (dollars in millions, except par value amount) June 30, 2026 December 31, 2025 Assets Cash and cash equivalents $ 567 $ 914 Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $ 1.6 billion and $ 1.7 billion in 2026, respectively, and $ 1.5 billion and $ 1.6 billion in 2025, respectively) 1,649 1,590 Net finance receivables (includes loans of consolidated VIEs of $ 14.1 billion in 2026 and $ 13.4 billion in 2025) 25,145 24,833 Unearned insurance premium and claim reserves ( 792 ) ( 791 ) Allowance for finance receivable losses (includes allowance of consolidated VIEs of $ 1.6 billion in 2026 and $ 1.6 billion in 2025) ( 2,923 ) ( 2,865 ) Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses 21,430 21,177 Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $ 724 million in 2026 and $ 690 million in 2025) 738 699 Goodwill 1,474 1,474 Other intangible assets 279 282 Other assets 1,287 1,252 Total assets $ 27,424 $ 27,388 Liabilities and Shareholders’ Equity Long-term debt (includes debt of consolidated VIEs of $ 12.0 billion in 2026 and $ 11.5 billion in 2025) $ 22,769 $ 22,694 Insurance claims and policyholder liabilities 552 576 Deferred and accrued taxes 16 35 Other liabilities (includes other liabilities of consolidated VIEs of $ 31 million in 2026 and $ 30 million in 2025) 704 682 Total liabilities 24,041 23,987 Contingencies (Note 12) Shareholders’ equity: Common stock, par value $ 0.01 per share; 2,000,000,000 shares authorized, 115,082,807 and 117,196,792 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1 Additional paid-in capital 1,758 1,757 Accumulated other comprehensive loss ( 54 ) ( 41 ) Retained earnings 2,710 2,579 Treasury stock, at cost; 20,954,574 and 18,514,904 shares at June 30, 2026 and December 31, 2025, respectively ( 1,032 ) ( 895 ) Total shareholders’ equity 3,383 3,401 Total liabilities and shareholders’ equity $ 27,424 $ 27,388 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 7 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (dollars in millions, except per share amounts) 2026 2025 2026 2025 Interest income $ 1,417 $ 1,339 $ 2,804 $ 2,648 Interest expense 326 317 649 629 Net interest income 1,091 1,022 2,155 2,019 Provision for finance receivable losses 610 511 1,074 967 Net interest income after provision for finance receivable losses 481 511 1,081 1,052 Other revenues: Insurance 112 111 224 220 Investment 25 24 48 50 Gain on sales of finance receivables 16 17 32 33 Net loss on repurchases and repayments of debt ( 1 ) ( 21 ) ( 4 ) ( 26 ) Other 55 45 104 87 Total other revenues 207 176 404 364 Other expenses: Salaries and benefits 243 230 483 448 Other operating expenses 205 189 414 376 Insurance policy benefits and claims 44 54 96 103 Total other expenses 492 473 993 927 Income before income taxes 196 214 492 489 Income taxes 44 47 114 109 Net income $ 152 $ 167 $ 378 $ 380 Share Data: Weighted average number of shares outstanding: Basic 115,342,204 118,953,510 116,033,457 119,176,259 Diluted 115,755,259 119,392,819 116,513,932 119,681,266 Earnings per share: Basic $ 1.32 $ 1.40 $ 3.26 $ 3.19 Diluted $ 1.32 $ 1.40 $ 3.25 $ 3.18 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 8 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Net income $ 152 $ 167 $ 378 $ 380 Other comprehensive income (loss): Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities 2 10 ( 13 ) 31 Foreign currency translation adjustments ( 3 ) 10 ( 4 ) 10 Changes in discount rate for insurance claims and policyholder liabilities — — 3 1 Other ( 1 ) ( 1 ) ( 3 ) ( 3 ) Income tax effect: Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities — ( 2 ) 3 ( 7 ) Foreign currency translation adjustments 1 ( 3 ) 1 ( 3 ) Changes in discount rate for insurance claims and policyholder liabilities — — ( 1 ) — Other — — 1 1 Other comprehensive income (loss), net of tax ( 1 ) 14 ( 13 ) 30 Comprehensive income $ 151 $ 181 $ 365 $ 410 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 9 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) OneMain Holdings, Inc. Shareholders’ Equity (dollars in millions) Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Treasury Stock Total Shareholders’ Equity Three Months Ended June 30, 2026 Balance, April 1, 2026 $ 1 $ 1,750 $ ( 53 ) $ 2,680 $ ( 1,001 ) $ 3,377 Common stock repurchased — — — — ( 32 ) ( 32 ) Treasury stock issued — — — — 1 1 Share-based compensation expense, net of forfeitures — 9 — — — 9 Withholding tax on share-based compensation — ( 1 ) — — — ( 1 ) Other comprehensive income — — ( 1 ) — — ( 1 ) Cash dividends * — — — ( 122 ) — ( 122 ) Net income — — — 152 — 152 Balance, June 30, 2026 $ 1 $ 1,758 $ ( 54 ) $ 2,710 $ ( 1,032 ) $ 3,383 Three Months Ended June 30, 2025 Balance, April 1, 2025 $ 1 $ 1,734 $ ( 65 ) $ 2,384 $ ( 774 ) $ 3,280 Common stock repurchased — — — — ( 21 ) ( 21 ) Treasury stock issued — — — — 1 1 Share-based compensation expense, net of forfeitures — 11 — — — 11 Other comprehensive income — — 14 — — 14 Cash dividends * — — — ( 126 ) — ( 126 ) Net income — — — 167 — 167 Balance, June 30, 2025 $ 1 $ 1,745 $ ( 51 ) $ 2,425 $ ( 794 ) $ 3,326 * Cash dividends declared were $ 1.05 per share and $ 1.04 per share during the three months ended June 30, 2026 and 2025, respectively. 10 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Consolidated Statements of Shareholders’ Equity (Continued) OneMain Holdings, Inc. Shareholders’ Equity (dollars in millions) Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Treasury Stock Total Shareholders’ Equity Six Months Ended June 30, 2026 Balance, January 1, 2026 $ 1 $ 1,757 $ ( 41 ) $ 2,579 $ ( 895 ) $ 3,401 Common stock repurchased — — — — ( 139 ) ( 139 ) Treasury stock issued — — — — 2 2 Share-based compensation expense, net of forfeitures — 20 — — — 20 Withholding tax on share-based compensation — ( 19 ) — — — ( 19 ) Other comprehensive income — — ( 13 ) — — ( 13 ) Cash dividends * — — — ( 247 ) — ( 247 ) Net income — — — 378 — 378 Balance, June 30, 2026 $ 1 $ 1,758 $ ( 54 ) $ 2,710 $ ( 1,032 ) $ 3,383 Six Months Ended June 30, 2025 Balance, January 1, 2025 $ 1 $ 1,734 $ ( 81 ) $ 2,296 $ ( 759 ) $ 3,191 Common stock repurchased — — — — ( 37 ) ( 37 ) Treasury stock issued — — — — 2 2 Share-based compensation expense, net of forfeitures — 21 — — — 21 Withholding tax on share-based compensation — ( 10 ) — — — ( 10 ) Other comprehensive income — — 30 — — 30 Cash dividends * — — — ( 251 ) — ( 251 ) Net income — — — 380 — 380 Balance, June 30, 2025 $ 1 $ 1,745 $ ( 51 ) $ 2,425 $ ( 794 ) $ 3,326 * Cash dividends declared were $ 2.10 per share and $ 2.08 per share during the six months ended June 30, 2026 and 2025, respectively. See Notes to the Condensed Consolidated Financial Statements (Unaudited). 11 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, (dollars in millions) 2026 2025 Cash flows from operating activities Net income $ 378 $ 380 Reconciling adjustments: Provision for finance receivable losses 1,074 967 Depreciation and amortization 150 142 Deferred income tax charge (benefit) 7 ( 5 ) Net loss on repurchases and repayments of debt 4 26 Share-based compensation expense, net of forfeitures 20 21 Gain on sales of finance receivables ( 32 ) ( 33 ) Other ( 6 ) ( 1 ) Cash flows due to changes in other assets and other liabilities ( 56 ) ( 58 ) Net cash provided by operating activities 1,539 1,439 Cash flows from investing activities Net principal originations and purchases of finance receivables ( 2,112 ) ( 1,826 ) Proceeds from sales of finance receivables 736 553 Available-for-sale securities purchased ( 214 ) ( 200 ) Available-for-sale securities called, sold, and matured 143 165 Other securities purchased ( 9 ) ( 3 ) Other securities called, sold, and matured 11 12 Other, net ( 44 ) ( 45 ) Net cash used for investing activities ( 1,489 ) ( 1,344 ) Cash flows from financing activities Proceeds from issuance and borrowings of long-term debt, net of issuance costs 2,865 4,069 Repayments and repurchases of long-term debt ( 2,817 ) ( 3,499 ) Cash dividends ( 250 ) ( 251 ) Common stock repurchased ( 139 ) ( 37 ) Treasury stock issued 2 2 Withholding tax on share-based compensation ( 19 ) ( 10 ) Net cash provided by (used for) financing activities ( 358 ) 274 Net change in cash and cash equivalents and restricted cash and restricted cash equivalents ( 308 ) 369 Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period 1,613 1,142 Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period $ 1,305 $ 1,511 Supplemental cash flow information Cash and cash equivalents $ 567 $ 769 Restricted cash and restricted cash equivalents 738 742 Total cash and cash equivalents and restricted cash and restricted cash equivalents $ 1,305 $ 1,511 Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions. See Notes to the Condensed Consolidated Financial Statements (Unaudited). 12 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) (dollars in millions, except par value amount) June 30, 2026 December 31, 2025 Assets Cash and cash equivalents $ 557 $ 898 Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $ 1.6 billion and $ 1.7 billion in 2026, respectively, and $ 1.5 billion and $ 1.6 billion in 2025, respectively) 1,649 1,590 Net finance receivables (includes loans of consolidated VIEs of $ 14.1 billion in 2026 and $ 13.4 billion in 2025) 25,145 24,833 Unearned insurance premium and claim reserves ( 792 ) ( 791 ) Allowance for finance receivable losses (includes allowance of consolidated VIEs of $ 1.6 billion in 2026 and $ 1.6 billion in 2025) ( 2,923 ) ( 2,865 ) Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses 21,430 21,177 Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $ 724 million in 2026 and $ 690 million in 2025) 738 699 Goodwill 1,474 1,474 Other intangible assets 279 282 Other assets 1,286 1,252 Total assets $ 27,413 $ 27,372 Liabilities and Shareholder’s Equity Long-term debt (includes debt of consolidated VIEs of $ 12.0 billion in 2026 and $ 11.5 billion in 2025) $ 22,769 $ 22,694 Insurance claims and policyholder liabilities 552 576 Deferred and accrued taxes 16 36 Other liabilities (includes other liabilities of consolidated VIEs of $ 31 million in 2026 and $ 30 million in 2025) 701 682 Total liabilities 24,038 23,988 Contingencies (Note 12) Shareholder’s equity: Common stock, par value $ 0.50 per share; 25,000,000 shares authorized, 10,160,021 shares issued and outstanding at June 30, 2026 and December 31, 2025 5 5 Additional paid-in capital 2,002 2,001 Accumulated other comprehensive loss ( 54 ) ( 41 ) Retained earnings 1,422 1,419 Total shareholder’s equity 3,375 3,384 Total liabilities and shareholder’s equity $ 27,413 $ 27,372 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 13 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Interest income $ 1,417 $ 1,339 $ 2,804 $ 2,648 Interest expense 326 317 649 629 Net interest income 1,091 1,022 2,155 2,019 Provision for finance receivable losses 610 511 1,074 967 Net interest income after provision for finance receivable losses 481 511 1,081 1,052 Other revenues: Insurance 112 111 224 220 Investment 25 24 48 50 Gain on sales of finance receivables 16 17 32 33 Net loss on repurchases and repayments of debt ( 1 ) ( 21 ) ( 4 ) ( 26 ) Other 55 45 104 87 Total other revenues 207 176 404 364 Other expenses: Salaries and benefits 243 230 483 448 Other operating expenses 205 189 414 376 Insurance policy benefits and claims 44 54 96 103 Total other expenses 492 473 993 927 Income before income taxes 196 214 492 489 Income taxes 44 47 114 109 Net income $ 152 $ 167 $ 378 $ 380 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 14 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Net income $ 152 $ 167 $ 378 $ 380 Other comprehensive income (loss): Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities 2 10 ( 13 ) 31 Foreign currency translation adjustments ( 3 ) 10 ( 4 ) 10 Changes in discount rate for insurance claims and policyholder liabilities — — 3 1 Other ( 1 ) ( 1 ) ( 3 ) ( 3 ) Income tax effect: Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities — ( 2 ) 3 ( 7 ) Foreign currency translation adjustments 1 ( 3 ) 1 ( 3 ) Changes in discount rate for insurance claims and policyholder liabilities — — ( 1 ) — Other — — 1 1 Other comprehensive income (loss), net of tax ( 1 ) 14 ( 13 ) 30 Comprehensive income $ 151 $ 181 $ 365 $ 410 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 15 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Shareholder’s Equity (Unaudited) OneMain Finance Corporation Shareholder's Equity (dollars in millions) Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Total Shareholder’s Equity Three Months Ended June 30, 2026 Balance, April 1, 2026 $ 5 $ 1,994 $ ( 53 ) $ 1,392 $ 3,338 Share-based compensation expense, net of forfeitures — 9 — — 9 Withholding tax on share-based compensation — ( 1 ) — — ( 1 ) Other comprehensive income — — ( 1 ) — ( 1 ) Cash dividends — — — ( 122 ) ( 122 ) Net income — — — 152 152 Balance, June 30, 2026 $ 5 $ 2,002 $ ( 54 ) $ 1,422 $ 3,375 Three Months Ended June 30, 2025 Balance, April 1, 2025 $ 5 $ 1,978 $ ( 65 ) $ 1,343 $ 3,261 Share-based compensation expense, net of forfeitures — 11 — — 11 Other comprehensive income — — 14 — 14 Cash dividends — — — ( 156 ) ( 156 ) Net income — — — 167 167 Balance, June 30, 2025 $ 5 $ 1,989 $ ( 51 ) $ 1,354 $ 3,297 16 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Shareholder’s Equity (Unaudited) OneMain Finance Corporation Shareholder’s Equity (dollars in millions) Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Total Shareholders’ Equity Six Months Ended June 30, 2026 Balance, January 1, 2026 $ 5 $ 2,001 $ ( 41 ) $ 1,419 $ 3,384 Share-based compensation expense, net of forfeitures — 20 — — 20 Withholding tax on share-based compensation — ( 19 ) — — ( 19 ) Other comprehensive income — — ( 13 ) — ( 13 ) Cash dividends — — — ( 375 ) ( 375 ) Net income — — — 378 378 Balance, June 30, 2026 $ 5 $ 2,002 $ ( 54 ) $ 1,422 $ 3,375 Six Months Ended June 30, 2025 Balance, January 1, 2025 $ 5 $ 1,978 $ ( 81 ) $ 1,253 $ 3,155 Share-based compensation expense, net of forfeitures — 21 — — 21 Withholding tax on shared-based compensation — ( 10 ) — — ( 10 ) Other comprehensive income — — 30 — 30 Cash dividends — — — ( 279 ) ( 279 ) Net income — — — 380 380 Balance, June 30, 2025 $ 5 $ 1,989 $ ( 51 ) $ 1,354 $ 3,297 See Notes to the Condensed Consolidated Financial Statements (Unaudited). 17 Table of Contents ONEMAIN FINANCE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, (dollars in millions) 2026 2025 Cash flows from operating activities Net income $ 378 $ 380 Reconciling adjustments: Provision for finance receivable losses 1,074 967 Depreciation and amortization 150 142 Deferred income tax charge (benefit) 7 ( 5 ) Net loss on repurchases and repayments of debt 4 26 Share-based compensation expense, net of forfeitures 20 21 Gain on sales of finance receivables ( 32 ) ( 33 ) Other ( 6 ) ( 1 ) Cash flows due to changes in other assets and other liabilities ( 59 ) ( 59 ) Net cash provided by operating activities 1,536 1,438 Cash flows from investing activities Net principal originations and purchases of finance receivables ( 2,112 ) ( 1,826 ) Proceeds from sales of finance receivables 736 553 Available-for-sale securities purchased ( 214 ) ( 200 ) Available-for-sale securities called, sold, and matured 143 165 Other securities purchased ( 9 ) ( 3 ) Other securities called, sold, and matured 11 12 Other, net ( 44 ) ( 45 ) Net cash used for investing activities ( 1,489 ) ( 1,344 ) Cash flows from financing activities Proceeds from issuance and borrowings of long-term debt, net of issuance costs 2,865 4,069 Repayments and repurchases of long-term debt ( 2,817 ) ( 3,499 ) Cash dividends ( 378 ) ( 279 ) Withholding tax on share-based compensation ( 19 ) ( 10 ) Net cash provided by (used for) financing activities ( 349 ) 281 Net change in cash and cash equivalents and restricted cash and restricted cash equivalents ( 302 ) 375 Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period 1,597 1,108 Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period $ 1,295 $ 1,483 Supplemental cash flow information Cash and cash equivalents $ 557 $ 741 Restricted cash and restricted cash equivalents 738 742 Total cash and cash equivalents and restricted cash and restricted cash equivalents $ 1,295 $ 1,483 Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions. See Notes to the Condensed Consolidated Financial Statements (Unaudited). 18 Table of Contents ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements June 30, 2026 1. Business and Basis of Presentation OneMain Holdings, Inc. (“OMH”), and its wholly-owned direct subsidiary, OneMain Finance Corporation (“OMFC”) are financial services holding companies whose subsidiaries engage in the consumer finance and insurance businesses. The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this filing relates to both OMH and OMFC, except where otherwise indicated. OMH and OMFC are referred to in this report, collectively with their subsidiaries, whether directly or indirectly owned, as “the Company,” “OneMain,” “we,” “us,” or “our.” BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“GAAP”). These statements are unaudited. The year-end condensed consolidated balance sheet data was derived from our audited financial statements but does not include all disclosures required by GAAP. The statements include the accounts of OMH, its wholly-owned subsidiaries, and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Actual results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K of OMH and OMFC for the fiscal year ended December 31, 2025, filed with the SEC on February 6, 2026 (“Annual Report”). We follow the same significant accounting policies for our interim reporting. 2. Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Expense Disaggregation Disclosures In December of 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), which requires disclosure of certain costs and expenses in the notes to the financial statements. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2026, and will be effective for interim periods with fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments should be applied on a prospective basis, with retrospective application allowed. While the standard will not impact our consolidated financial results, we are currently evaluating the impact of the expanded disclosures. We do not believe that any other accounting pronouncements issued, but not yet effective, are applicable or would have a material impact on our consolidated financial statements or disclosures, if adopted. 19 Table of Contents 3. Finance Receivables Our finance receivables consist of consumer loans and credit cards. Consumer loans include personal loans and auto finance. Personal loans are non-revolving, with a fixed rate, have fixed terms generally between three and six years , and are secured by automobiles, other collateral, or are unsecured. Auto finance loans are non-revolving, with a fixed rate, have fixed terms generally between three and six years , and are secured by automobiles at the point of purchase through our dealership network. Credit cards are open-ended, revolving, with a fixed rate, and are unsecured. Components of our net finance receivables were as follows: Consumer Loans (dollars in millions) Personal Loans Auto Finance Total Consumer Loans Credit Cards Total June 30, 2026 Gross finance receivables * $ 21,002 $ 2,633 $ 23,635 $ 1,128 $ 24,763 Unearned fees ( 260 ) ( 40 ) ( 300 ) — ( 300 ) Accrued finance charges and fees 363 29 392 — 392 Deferred origination costs 224 50 274 16 290 Total $ 21,329 $ 2,672 $ 24,001 $ 1,144 $ 25,145 December 31, 2025 Gross finance receivables * $ 21,086 $ 2,438 $ 23,524 $ 925 $ 24,449 Unearned fees ( 258 ) ( 42 ) ( 300 ) — ( 300 ) Accrued finance charges and fees 382 28 410 — 410 Deferred origination costs 220 43 263 11 274 Total $ 21,430 $ 2,467 $ 23,897 $ 936 $ 24,833 * Consumer loan gross finance receivables equal the unpaid principal balance 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, interest, and fees. WHOLE LOAN SALE TRANSACTIONS We have whole loan sale flow agreements with third parties. The Company is committed to sell a remaining total of $ 1.8 billion gross receivables of newly originated unsecured personal loans along with any associated accrued interest with a current term of approximately two years . Loans sold are derecognized from our balance sheet at the time of sale. We service the loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues in our condensed consolidated statements of operations. We sold $ 353 million and $ 693 million of gross finance receivables during the three and six months ended June 30, 2026, respectively, and $ 260 million and $ 514 million of gross finance receivables during the three and six months ended June 30, 2025, respectively. The gain on the sales were $ 16 million and $ 32 million during the three and six months ended June 30, 2026, respectively, and $ 17 million and $ 33 million during the three and six months ended June 30, 2025, respectively. CREDIT QUALITY INDICATOR We consider the delinquency status of our finance receivables as our key credit quality indicator. We monitor the delinquency of our finance receivable portfolio, including the migration between the delinquency buckets and changes in the delinquency trends to manage our exposure to credit risk in the portfolio. When consumer loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our consumer loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. All consumer loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. 20 Table of Contents The following table below is a summary of finance charges on our consumer loans: Three Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net accrued finance charges reversed $ 41 $ 3 $ 37 $ 2 Finance charges recognized from the contractual interest portion of payments received on nonaccrual loans 6 — 5 — Six Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net accrued finance charges reversed $ 88 $ 7 $ 78 $ 6 Finance charges recognized from the contractual interest portion of payments received on nonaccrual loans 12 1 10 1 We accrue finance charges and fees on credit cards until charge-off at 180 days contractually past due, at which point we reverse finance charges and fees previously accrued. Net accrued finance charges and fees reversed on credit cards were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Net accrued finance charges and fees reversed $ 23 $ 18 $ 46 $ 35 The following tables below are a summary of our personal loans by the year of origination and number of days delinquent: (dollars in millions) 2026 2025 2024 2023 2022 Prior Total June 30, 2026 Performing Current $ 5,741 $ 7,475 $ 3,878 $ 1,899 $ 891 $ 352 $ 20,236 30-59 days past due 21 127 93 63 44 26 374 60-89 days past due 10 84 59 37 25 14 229 Total performing 5,772 7,686 4,030 1,999 960 392 20,839 Nonperforming (Nonaccrual) 90+ days past due 6 174 134 87 54 35 490 Total $ 5,778 $ 7,860 $ 4,164 $ 2,086 $ 1,014 $ 427 $ 21,329 Gross charge-offs * $ 3 $ 264 $ 343 $ 233 $ 134 $ 76 $ 1,053 * Represents gross charge-offs for the six months ended June 30, 2026. 21 Table of Contents (dollars in millions) 2025 2024 2023 2022 2021 Prior Total December 31, 2025 Performing Current $ 10,149 $ 5,335 $ 2,759 $ 1,372 $ 439 $ 146 $ 20,200 30-59 days past due 101 120 85 60 29 12 407 60-89 days past due 63 82 53 36 17 7 258 Total performing 10,313 5,537 2,897 1,468 485 165 20,865 Nonperforming (Nonaccrual) 90+ days past due 99 191 135 86 38 16 565 Total $ 10,412 $ 5,728 $ 3,032 $ 1,554 $ 523 $ 181 $ 21,430 Gross charge-offs * $ 3 $ 211 $ 337 $ 245 $ 112 $ 47 $ 955 * Represents gross charge-offs for the six months ended June 30, 2025. The following tables below are a summary of our auto finance loans by the year of origination and number of days delinquent: (dollars in millions) 2026 2025 2024 2023 2022 Prior Total June 30, 2026 Performing Current $ 707 $ 892 $ 534 $ 250 $ 107 $ 34 $ 2,524 30-59 days past due 9 36 25 13 8 4 95 60-89 days past due 2 10 7 4 2 1 26 Total performing 718 938 566 267 117 39 2,645 Nonperforming (Nonaccrual) 90+ days past due 1 11 8 4 2 1 27 Total $ 719 $ 949 $ 574 $ 271 $ 119 $ 40 $ 2,672 Gross charge-offs * $ 1 $ 28 $ 29 $ 16 $ 8 $ 3 $ 85 * Represents gross charge-offs for the six months ended June 30, 2026. (dollars in millions) 2025 2024 2023 2022 2021 Prior Total December 31, 2025 Performing Current $ 1,095 $ 667 $ 329 $ 152 $ 48 $ 9 $ 2,300 30-59 days past due 34 34 21 13 6 1 109 60-89 days past due 8 10 5 3 1 — 27 Total performing 1,137 711 355 168 55 10 2,436 Nonperforming (Nonaccrual) 90+ days past due 8 12 6 3 2 — 31 Total $ 1,145 $ 723 $ 361 $ 171 $ 57 $ 10 $ 2,467 Gross charge-offs * $ 2 $ 22 $ 20 $ 15 $ 5 $ 1 $ 65 * Represents gross charge-offs for the six months ended June 30, 2025. 22 Table of Contents The following is a summary of credit cards by number of days delinquent: (dollars in millions) June 30, 2026 December 31, 2025 Current $ 1,028 $ 820 30-59 days past due 29 26 60-89 days past due 24 24 90+ days past due 63 66 Total $ 1,144 $ 936 There were no credit cards that were converted to term loans at June 30, 2026 or December 31, 2025. UNFUNDED LENDING COMMITMENTS Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $ 732 million and $ 500 million at June 30, 2026 and December 31, 2025, respectively. MODIFIED FINANCE RECEIVABLES TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY We make modifications to our finance receivables to assist borrowers who are experiencing financial difficulty. When we modify the contractual terms for economic or other reasons related to the borrower’s financial difficulties, we classify that receivable as a modified finance receivable. The period-end carrying value of net finance receivables modified during the period was as follows: Three Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 101 $ 10 $ 93 $ 6 Interest rate reduction and principal forgiveness 97 1 122 — Total modifications to borrowers experiencing financial difficulties $ 198 $ 11 $ 215 $ 6 Modifications as a percent of net finance receivables by class 0.93 % 0.39 % 1.03 % 0.26 % Six Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 201 $ 17 $ 180 $ 12 Interest rate reduction and principal forgiveness 175 1 229 — Total modifications to borrowers experiencing financial difficulties $ 376 $ 18 $ 409 $ 12 Modifications as a percent of net finance receivables by class 1.76 % 0.68 % 1.96 % 0.54 % 23 Table of Contents The financial effect of modifications made during the period was as follows: Three Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 21.50 % 13.42 % 18.41 % 13.40 % Weighted-average term extension (months) 29 17 24 15 Principal/interest forgiveness $ 11 $ — $ 9 $ — Six Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 21.26 % 13.92 % 17.28 % 13.17 % Weighted-average term extension (months) 30 18 24 15 Principal/interest forgiveness $ 20 $ 1 $ 16 $ — The performance of finance receivables modified within the previous 12 months by delinquency status was as follows: June 30, 2026 (a) June 30, 2025 (b) (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Current $ 518 $ 23 $ 527 $ 16 30-59 days past due 49 3 57 3 60-89 days past due 33 2 40 1 90+ days past due 68 2 75 1 Total $ 668 $ 30 $ 699 $ 21 (a) Excludes $ 68 million of personal loan receivables that were modified and subsequently charged off within the previous 12 months. Auto finance receivables that were modified and subsequently charged off within the previous 12 months were immaterial. (b) Excludes $ 80 million of personal loan receivables that were modified and subsequently charged off within the previous 12 months. Auto finance receivables that were modified and subsequently charged off within the previous 12 months were immaterial. 24 Table of Contents The period-end carrying value of finance receivables that defaulted during the period to cause the receivable to be considered nonperforming ( 90 days or more contractually past due) and had been modified within the 12 months preceding the default was as follows: Three Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 31 $ 1 $ 29 $ 1 Interest rate reduction and principal forgiveness 17 — 18 — Total $ 48 $ 1 $ 47 $ 1 Six Months Ended June 30, 2026 2025 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 43 $ 2 $ 39 $ 1 Interest rate reduction and principal forgiveness 20 — 22 — Total $ 63 $ 2 $ 61 $ 1 Modifications made to credit cards were immaterial for the three and six months ended June 30, 2026 and 2025. 25 Table of Contents 4. Allowance for Finance Receivable Losses We establish an allowance for finance receivable losses through the provision for finance receivable losses. We evaluate our finance receivable portfolio by the level of contractual delinquency in the portfolio, specifically in the late-stage delinquency buckets and inclusive of the migration of the finance receivables through the delinquency buckets. We estimate and record an allowance for finance receivable losses to cover the expected lifetime credit losses on our finance receivables. Our allowance for finance receivable losses may fluctuate based upon changes in portfolio growth, credit quality, and economic conditions. Our methodology to estimate expected credit losses uses recent macroeconomic forecasts, which include forecasts for unemployment. We leverage projections from various industry leading providers. We also consider inflationary pressures, consumer confidence levels, and elevated interest rates that may continue to impact the economic outlook. At June 30, 2026, our economic forecast used a reasonable and supportable period of 12 months. The increase in our allowance for finance receivable losses for the three and six months ended June 30, 2026 was driven by growth in net finance receivables. We may experience further changes to the macroeconomic assumptions within our forecast, as well as changes to our loan loss performance outlook, both of which could lead to further changes in our allowance for finance receivable losses, allowance ratio, and provision for finance receivable losses. Changes in the allowance for finance receivable losses were as follows: (dollars in millions) Consumer Loans Credit Cards Total Three Months Ended June 30, 2026 Balance at beginning of period $ 2,607 $ 212 $ 2,819 Provision for finance receivable losses 528 82 610 Charge-offs ( 572 ) ( 51 ) ( 623 ) Recoveries 113 4 117 Balance at end of period $ 2,676 $ 247 $ 2,923 Three Months Ended June 30, 2025 Balance at beginning of period $ 2,536 $ 152 $ 2,688 Provision for finance receivable losses 460 51 511 Charge-offs ( 495 ) ( 37 ) ( 532 ) Recoveries 85 2 87 Balance at end of period $ 2,586 $ 168 $ 2,754 Six Months Ended June 30, 2026 Balance at beginning of period $ 2,656 $ 209 $ 2,865 Provision for finance receivable losses 946 128 1,074 Charge-offs ( 1,138 ) ( 100 ) ( 1,238 ) Recoveries 212 10 222 Balance at end of period $ 2,676 $ 247 $ 2,923 Six Months Ended June 30, 2025 Balance at beginning of period $ 2,567 $ 138 $ 2,705 Provision for finance receivable losses 869 98 967 Charge-offs ( 1,020 ) ( 73 ) ( 1,093 ) Recoveries 170 5 175 Balance at end of period $ 2,586 $ 168 $ 2,754 26 Table of Contents 5. Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, allowance for credit losses, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2026* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 13 $ — $ — $ 13 Obligations of states, municipalities, and political subdivisions 57 — ( 3 ) 54 Commercial paper 58 — — 58 Non-U.S. government and government sponsored entities 139 1 ( 3 ) 137 Corporate debt 1,088 5 ( 45 ) 1,048 Mortgage-backed, asset-backed, and collateralized: RMBS 207 1 ( 18 ) 190 CMBS 20 — ( 2 ) 18 CDO/ABS 70 — ( 1 ) 69 Total $ 1,652 $ 7 $ ( 72 ) $ 1,587 December 31, 2025* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 13 $ — $ — $ 13 Obligations of states, municipalities, and political subdivisions 59 — ( 3 ) 56 Commercial paper — — — — Non-U.S. government and government sponsored entities 159 1 ( 3 ) 157 Corporate debt 1,057 11 ( 38 ) 1,030 Mortgage-backed, asset-backed, and collateralized: RMBS 206 1 ( 17 ) 190 CMBS 24 — ( 2 ) 22 CDO/ABS 66 — ( 2 ) 64 Total $ 1,584 $ 13 $ ( 65 ) $ 1,532 * The allowance for credit losses related to our investment securities as of June 30, 2026 and December 31, 2025 was immaterial. Interest receivables reported in Other assets in our condensed consolidated balance sheets totaled $ 14 million as of June 30, 2026 and December 31, 2025. There were no material amounts reversed from investment revenue for available-for-sale securities for the three and six months ended June 30, 2026 and 2025. 27 Table of Contents Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2026 U.S. government and government sponsored entities $ 5 $ — $ 8 $ — $ 13 $ — Obligations of states, municipalities, and political subdivisions 4 — 43 ( 3 ) 47 ( 3 ) Non-U.S. government and government sponsored entities 30 — 31 ( 3 ) 61 ( 3 ) Corporate debt 283 ( 4 ) 490 ( 41 ) 773 ( 45 ) Mortgage-backed, asset-backed, and collateralized: RMBS 32 — 117 ( 18 ) 149 ( 18 ) CMBS 2 — 14 ( 2 ) 16 ( 2 ) CDO/ABS 33 — 23 ( 1 ) 56 ( 1 ) Total $ 389 $ ( 4 ) $ 726 $ ( 68 ) $ 1,115 $ ( 72 ) December 31, 2025 U.S. government and government sponsored entities $ — $ — $ 8 $ — $ 8 $ — Obligations of states, municipalities, and political subdivisions 1 — 48 ( 3 ) 49 ( 3 ) Non-U.S. government and government sponsored entities 23 — 37 ( 3 ) 60 ( 3 ) Corporate debt 73 — 545 ( 38 ) 618 ( 38 ) Mortgage-backed, asset-backed, and collateralized: RMBS 6 — 124 ( 17 ) 130 ( 17 ) CMBS 1 — 19 ( 2 ) 20 ( 2 ) CDO/ABS 6 — 28 ( 2 ) 34 ( 2 ) Total $ 110 $ — $ 809 $ ( 65 ) $ 919 $ ( 65 ) On a lot basis, we had 1,556 and 1,355 investment securities in an unrealized loss position at June 30, 2026 and December 31, 2025, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of June 30, 2026, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of June 30, 2026, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. We continue to monitor unrealized loss positions for potential credit impairments. During the three and six months ended June 30, 2026 and 2025, there were no material credit impairments related to our investment securities. Therefore, there were no material additions or reductions in the allowance for credit losses (impairments recognized or reversed in earnings) on credit impaired available-for-sale securities for the three and six months ended June 30, 2026 and 2025. The proceeds of available-for-sale securities sold or redeemed during the three and six months ended June 30, 2026 totaled $ 24 million and $ 62 million, respectively. The proceeds of available-for-sale securities sold or redeemed during the three and six months ended June 30, 2025 totaled $ 21 million and $ 42 million, respectively. The net realized gains and losses were immaterial during the three and six months ended June 30, 2026 and 2025. 28 Table of Contents Contractual maturities of fixed-maturity available-for-sale securities at June 30, 2026 were as follows: (dollars in millions) Fair Value Amortized Cost Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 203 $ 205 Due after 1 year through 5 years 596 613 Due after 5 years through 10 years 371 382 Due after 10 years 140 155 Mortgage-backed, asset-backed, and collateralized securities 277 297 Total $ 1,587 $ 1,652 Actual maturities may differ from contractual maturities since issuers and borrowers may have the right to call or prepay obligations. We may sell investment securities before maturity for general corporate and working capital purposes and to achieve certain investment strategies. The fair value of securities on deposit with third parties totaled $ 434 million and $ 490 million at June 30, 2026 and December 31, 2025, respectively. OTHER SECURITIES The fair value of other securities by type was as follows: (dollars in millions) June 30, 2026 December 31, 2025 Fixed maturity other securities: Bonds $ 4 $ 6 Preferred stock 12 12 Common stock 46 40 Total $ 62 $ 58 Other securities primarily consist of equity securities and those securities for which the fair value option was elected. We report net unrealized and realized gains and losses on other securities held, sold, or redeemed in Other revenue - investment. Net unrealized gains and losses on other securities held were immaterial for the three and six months ended June 30, 2026 and 2025. Net realized gains and losses on other securities sold or redeemed were immaterial for the three and six months ended June 30, 2026 and 2025. 29 Table of Contents 6. Long-term Debt Principal maturities of long-term debt by type of debt at June 30, 2026 were as follows: Senior Debt (dollars in millions) Securitizations Private Secured Term Funding Revolving Conduit Facilities Unsecured Notes (a) Junior Subordinated Debt (a) Total Interest rates (b) 1.55 %- 10.98 % 4.94 % 4.77 % 3.50 %- 7.88 % 5.68 % Remainder of 2026 $ — $ — $ — $ — $ — $ — 2027 — — — 750 — 750 2028 — — — 1,350 — 1,350 2029 — — — 1,640 — 1,640 2030 — — — 2,292 — 2,292 2031-2067 — — — 4,700 350 5,050 Secured (c) 11,645 350 1 — — 11,996 Total principal maturities $ 11,645 $ 350 $ 1 $ 10,732 $ 350 $ 23,078 Total carrying amount $ 11,603 $ 349 $ 1 $ 10,643 $ 173 $ 22,769 Debt issuance costs (d) ( 39 ) ( 1 ) — ( 87 ) — ( 127 ) (a) Pursuant to the Base Indenture, the Supplemental Indentures, and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at June 30, 2026. (c) Securitizations, private secured term funding, and borrowings under the revolving conduit facilities are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. See Note 7 for further information on our long-term debt associated with securitizations, private secured term funding, and revolving conduit facilities. (d) Debt issuance costs are reported as a direct reduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, credit card revolving variable funding note (“VFN”) facilities, and the unsecured corporate revolver, which totaled $ 35 million at June 30, 2026 and are reported in Other assets in our condensed consolidated balance sheets. UNSECURED CORPORATE REVOLVER At June 30, 2026, the total maximum borrowing capacity of our unsecured corporate revolver was $ 1.0 billion. The corporate revolver has a five-year term, during which draws and repayments may occur. Any outstanding principal balance is due and payable on September 6, 2029. 30 Table of Contents 7. Variable Interest Entities CONSOLIDATED VIES We have transferred finance receivables to VIEs for asset-backed financing transactions and include the assets and liabilities in our condensed consolidated financial statements because we are the primary beneficiary of each VIE. We account for these asset-backed debt obligations as securitized borrowings. See Note 2 and Note 10 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for more detail regarding VIEs. We parenthetically disclose on our condensed consolidated balance sheets the VIEs’ assets that can only be used to settle the VIEs’ obligations and liabilities when their creditors have no recourse against the primary beneficiary’s general credit. The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts, private secured term funding, revolving conduit facilities, and credit card revolving VFN facilities were as follows: (dollars in millions) June 30, 2026 December 31, 2025 Assets Cash and cash equivalents $ 13 $ 5 Net finance receivables 14,081 13,418 Allowance for finance receivable losses 1,635 1,558 Restricted cash and restricted cash equivalents 724 690 Other assets 44 41 Liabilities Long-term debt $ 11,953 $ 11,464 Other liabilities 31 30 Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $ 150 million and $ 296 million during the three and six months ended June 30, 2026, respectively, compared to $ 157 million and $ 316 million during the three and six months ended June 30, 2025, respectively. SECURITIZED BORROWINGS Our outstanding OneMain Financial Issuance Trust (“OMFIT”) and OneMain Direct Auto Receivables Trust (“ODART”) securitizations contain a revolving period ranging from two to seven years during which no principal payments are required to be made on the related asset-backed notes. The indentures governing our OMFIT and ODART securitized borrowings contain early amortization events and events of default, that, if triggered, may result in the acceleration of the obligation to pay principal and interest on the related asset-backed notes. Our Foursight Capital Automobile Receivables Trust ("FCRT") securitizations are amortizing. CREDIT CARD REVOLVING VFN FACILITIES We have transferred credit card gross finance receivables to a master trust, OneMain Financial Credit Card Trust (“OMFCT”), and we continue to service and administer the credit cards. As of June 30, 2026, OMFCT was the issuing entity for two credit card revolving VFN facilities by way of certain indenture supplements and note purchase agreements with a total maximum borrowing capacity of $ 700 million. Each credit card revolving VFN facility has a revolving period during which no principal payments are required, but may be made without penalty, followed by a subsequent amortization period. Principal balances of outstanding notes, if any, are due and payable in full over periods ranging up to six years as of June 30, 2026. Amounts drawn on these credit card revolving VFN facilities are secured and collateralized by our credit card gross finance receivables. 31 Table of Contents PRIVATE SECURED TERM FUNDING At June 30, 2026, the maximum borrowing capacity of $ 350 million was outstanding under a private secured term funding facility. Principal payments on any outstanding balances are not required until after October 2027, followed by a subsequent amortization period, which upon expiration the outstanding principal is due and payable. REVOLVING CONDUIT FACILITIES We had access to 16 revolving conduit facilities with a total maximum borrowing capacity of $ 5.8 billion as of June 30, 2026. Our conduit facilities contain revolving periods during which no principal payments are required, but may be made without penalty, followed by a subsequent amortization period. Principal balances of outstanding loans, if any, are due and payable in full over periods ranging up to approximately eight years as of June 30, 2026. Amounts drawn on these facilities are collateralized by our consumer loans. 32 Table of Contents 8. Insurance Changes in the reserve for unpaid claims and loss adjustment expenses (net of reinsurance recoverables) on our short-duration insurance contracts were as follows: At or for the Six Months Ended June 30, (dollars in millions) 2026 2025 Balance at beginning of period $ 98 $ 102 Less reinsurance recoverables ( 3 ) ( 3 ) Net balance at beginning of period 95 99 Additions for losses and loss adjustment expenses incurred to: Current year 103 100 Prior years * ( 3 ) ( 7 ) Total 100 93 Reductions for losses and loss adjustment expenses paid related to: Current year ( 53 ) ( 39 ) Prior years ( 48 ) ( 59 ) Total ( 101 ) ( 98 ) Foreign currency translation adjustment — 1 Net balance at end of period 94 95 Plus reinsurance recoverables 3 3 Balance at end of period $ 97 $ 98 * At June 30, 2026, there were redundancies in the prior years’ net reserves due to favorable development of credit life claims during the period. At June 30, 2025, there were redundancies in the prior years’ net reserves due to favorable development of credit disability claims during the period. LIABILITY FOR FUTURE POLICY BENEFITS The present values of expected net premiums on long-duration insurance contracts were as follows: At or for the Six Months Ended June 30, 2026 2025 (dollars in millions) Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Balance at beginning of period $ 138 $ 28 $ 177 $ 33 Effect of cumulative changes in discount rate assumptions (beginning of period) ( 3 ) — ( 2 ) — Beginning balance at original discount rate 135 28 175 33 Effect of changes in cash flow assumptions 22 — — — Effect of actual variances from expected experience ( 9 ) ( 4 ) ( 5 ) 2 Adjusted balance at beginning of period 148 24 170 35 Interest accretion 4 1 4 1 Net premiums collected ( 10 ) ( 2 ) ( 12 ) ( 2 ) Ending balance at original discount rate 142 23 162 34 Effect of changes in discount rate assumptions 1 — 1 ( 1 ) Balance at ending of period $ 143 $ 23 $ 163 $ 33 33 Table of Contents The present values of expected future policy benefits on long-duration insurance contracts were as follows: At or for the Six Months Ended June 30, 2026 2025 (dollars in millions) Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Balance at beginning of period $ 329 $ 90 $ 378 $ 96 Effect of cumulative changes in discount rate assumptions (beginning of period) ( 9 ) 1 ( 5 ) 2 Beginning balance at original discount rate 320 91 373 98 Effect of changes in cash flow assumptions 10 — — — Effect of actual variances from expected experience ( 7 ) ( 6 ) ( 5 ) 4 Adjusted balance at beginning of period 323 85 368 102 Net issuances 2 1 2 1 Interest accretion 9 2 10 2 Benefit payments ( 21 ) ( 5 ) ( 24 ) ( 6 ) Ending balance at original discount rate 313 83 356 99 Effect of changes in discount rate assumptions 4 ( 2 ) 3 ( 3 ) Balance at ending of period $ 317 $ 81 $ 359 $ 96 The net liabilities for future policy benefits on long-duration insurance contracts were as follows: At or for the Six Months Ended June 30, 2026 2025 (dollars in millions) Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Net liability for future policy benefits $ 174 $ 58 $ 196 $ 63 Deferred profit liability 11 43 11 47 Total net liability for future policy benefits $ 185 $ 101 $ 207 $ 110 The weighted-average duration of the liability for future policy benefits was 7 years at June 30, 2026 and 8 years at June 30, 2025. The following table reconciles the net liability for future policy benefits to Insurance claims and policyholder liabilities in the condensed consolidated balance sheets: At or for the Six Months Ended June 30, (dollars in millions) 2026 2025 Term and whole life $ 185 $ 207 Accidental death and disability protection 101 110 Other* 266 262 Total insurance claims and policyholder liabilities $ 552 $ 579 * Other primarily includes reserves for short-duration contracts that are payable to third-party beneficiaries. 34 Table of Contents The undiscounted and discounted expected future gross premiums and expected future benefits and expenses for our long-duration insurance contracts were as follows: At or for the Six Months Ended June 30, 2026 2025 (dollars in millions) Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Expected future gross premiums: Undiscounted $ 326 $ 92 $ 340 $ 116 Discounted 236 66 246 82 Expected future benefit payments: Undiscounted 432 119 502 144 Discounted 317 81 359 96 The revenue and interest accretion related to our long-duration insurance contracts recognized in the condensed consolidated statements of operations were as follows: At or for the Six Months Ended June 30, 2026 2025 (dollars in millions) Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Gross premiums or assessments $ 22 $ 7 $ 24 $ 8 Interest accretion $ 5 $ 1 $ 5 $ 2 The expected and actual experiences for mortality, morbidity, and lapses of the liability for future policy benefits were as follows: At or for the Six Months Ended June 30, 2026 2025 Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Mortality/Morbidity: Expected 0.40 % 0.01 % 0.39 % 0.01 % Actual 0.34 % 0.01 % 0.41 % 0.01 % Lapses: Expected 3.85 % 1.61 % 3.60 % 1.72 % Actual 4.10 % 3.51 % 2.81 % 2.11 % The weighted-average interest rates for the liability of future policy benefits for our long-duration insurance contracts were as follows: At or for the Six Months Ended June 30, 2026 2025 Term and Whole Life Accidental Death and Disability Protection Term and Whole Life Accidental Death and Disability Protection Interest accretion rate 5.28 % 4.85 % 5.29 % 4.86 % Current discount rate 5.38 % 5.49 % 5.51 % 5.61 % 35 Table of Contents 9. Capital Stock and Earnings Per Share (OMH Only) CAPITAL STOCK OMH has two classes of authorized capital stock: preferred stock and common stock. OMFC has two classes of authorized capital stock: special stock and common stock. OMH and OMFC may issue preferred stock and special stock, respectively, in one or more series. The OMH Board of Directors and the OMFC Board of Directors determine the dividend, liquidation, redemption, conversion, voting, and other rights prior to issuance. Changes in OMH shares of common stock issued and outstanding were as follows: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Balance at beginning of period 115,627,261 119,281,560 117,196,792 119,360,509 Common stock issued 12,831 15,470 325,685 239,384 Common stock repurchased ( 576,169 ) ( 459,597 ) ( 2,477,867 ) ( 782,773 ) Treasury stock issued 18,884 19,555 38,197 39,868 Balance at end of period 115,082,807 118,856,988 115,082,807 118,856,988 EARNINGS PER SHARE (OMH ONLY) The computation of earnings per share was as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions, except per share data) 2026 2025 2026 2025 Numerator (basic and diluted): Net income $ 152 $ 167 $ 378 $ 380 Denominator: Weighted average number of shares outstanding (basic) 115,342,204 118,953,510 116,033,457 119,176,259 Effect of dilutive securities * 413,055 439,309 480,475 505,007 Weighted average number of shares outstanding (diluted) 115,755,259 119,392,819 116,513,932 119,681,266 Earnings per share: Basic $ 1.32 $ 1.40 $ 3.26 $ 3.19 Diluted $ 1.32 $ 1.40 $ 3.25 $ 3.18 * We have excluded weighted-average unvested restricted stock units totaling 472,816 and 920,270 for the three months ended June 30, 2026 and 2025, respectively, and 476,813 and 838,208 for the six months ended June 30, 2026 and 2025, respectively, from the fully-diluted earnings per share calculations as these shares would be anti-dilutive, which could impact the earnings per share calculation in the future. Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during each period. Diluted earnings per share is computed based on the weighted-average number of shares outstanding plus the effect of potentially dilutive shares outstanding during the period using the treasury stock method. The potentially dilutive shares represent outstanding unvested restricted stock units. 36 Table of Contents 10. Accumulated Other Comprehensive Income (Loss) Changes, net of tax, in Accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Gains (Losses) Available-for-Sale Securities (a) Retirement Plan Liabilities Adjustments Foreign Currency Translation Adjustments Changes in Discount Rate for Insurance Claims and Policyholder Liabilities Other (b) Total Accumulated Other Comprehensive Income (Loss) Three Months Ended June 30, 2026 Balance at beginning of period $ ( 53 ) $ ( 2 ) $ ( 8 ) $ ( 1 ) $ 11 $ ( 53 ) Other comprehensive income (loss) before reclassifications 2 — ( 2 ) — ( 1 ) ( 1 ) Balance at end of period $ ( 51 ) $ ( 2 ) $ ( 10 ) $ ( 1 ) $ 10 $ ( 54 ) Three Months Ended June 30, 2025 Balance at beginning of period $ ( 65 ) $ ( 3 ) $ ( 13 ) $ — $ 16 $ ( 65 ) Other comprehensive income (loss) before reclassifications 8 — 7 — ( 1 ) 14 Balance at end of period $ ( 57 ) $ ( 3 ) $ ( 6 ) $ — $ 15 $ ( 51 ) Six Months Ended June 30, 2026 Balance at beginning of period $ ( 41 ) $ ( 2 ) $ ( 7 ) $ ( 3 ) $ 12 $ ( 41 ) Other comprehensive income (loss) before reclassifications ( 10 ) — ( 3 ) 2 ( 2 ) ( 13 ) Balance at end of period $ ( 51 ) $ ( 2 ) $ ( 10 ) $ ( 1 ) $ 10 $ ( 54 ) Six Months Ended June 30, 2025 Balance at beginning of period $ ( 81 ) $ ( 3 ) $ ( 13 ) $ ( 1 ) $ 17 $ ( 81 ) Other comprehensive income (loss) before reclassifications 24 — 7 1 ( 2 ) 30 Balance at end of period $ ( 57 ) $ ( 3 ) $ ( 6 ) $ — $ 15 $ ( 51 ) (a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the three and six months ended June 30, 2026 and 2025. (b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges. Reclassification adjustments from Accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were immaterial for the three and six months ended June 30, 2026 and 2025. 37 Table of Contents 11. Income Taxes We follow the guidance of ASC 740, Income Taxes , for interim reporting of income taxes under which we calculate an estimated annual effective tax rate (“AETR”) and apply the AETR to our year-to-date income (loss) before income taxes. In addition, we recognize any discrete items as they occur. We had a net deferred tax asset of $ 461 million and $ 464 million at June 30, 2026 and December 31, 2025, respectively, reported in Other assets in our condensed consolidated balance sheets. Our gross unrecognized tax benefits, including related interest and penalties, totaled $ 17 million and $ 14 million at June 30, 2026 and December 31, 2025, respectively. 12. Contingencies LEGAL CONTINGENCIES In the normal course of business, we have been named, from time to time, as defendants in various legal actions, including arbitrations, class actions, and other litigation arising in connection with our activities. Some of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. Additionally, we are, from time to time, in the normal course of business, subject to inquiries and investigations by federal, state, and local governmental authorities regarding our products and our operations. These inquiries and investigations may result in fines, restitution, or other penalties, including injunctive relief that may result in restrictions on our business. While we will continue to evaluate legal actions to determine whether a loss is reasonably possible or probable and is reasonably estimable, there can be no assurance that material losses will not be incurred from pending, threatened or future litigation, investigations, examinations, or other claims. We contest liability and/or the amount of damages, as appropriate, in each pending matter. Where available information indicates that it is probable that a liability had been incurred at the date of the condensed consolidated financial statements and we can reasonably estimate the amount of that loss, we accrue the estimated loss by a charge to income. In many actions, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to estimate the amount of any loss. In addition, even where loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal actions, we cannot reasonably estimate such losses, particularly for actions that are in their early stages of development or where plaintiffs seek substantial or indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, and by addressing novel or unsettled legal questions relevant to the actions in question, before a loss or additional loss or range of loss or range of additional loss can be reasonably estimated for any given action. For certain other legal actions, we can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but do not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on our condensed consolidated financial statements as a whole. 38 Table of Contents 13. Segment Information At June 30, 2026, Consumer and Insurance (“C&I”) is our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans. The accounting policies of the C&I segment are the same as those disclosed in Note 2 and Note 18 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report. We have identified the following significant segment expenses: Interest expense, Provision for finance receivable losses, Salaries and benefits expense, Other operating expenses, and Insurance policy benefits and claims expense. Based on our identified significant segment expenses, there are no other segment items. Our chief operating decision maker (“CODM”) is our Chief Executive Officer (“CEO”). The CODM uses Income (loss) before income tax expense (benefit) to assess the performance of the C&I segment, allocate resources, and make strategic operating decisions. 39 Table of Contents The following tables present information about C&I and Other, as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer and Insurance Other Segment to GAAP Adjustment Consolidated Total Three Months Ended June 30, 2026 Interest income $ 1,413 $ 1 $ 3 $ 1,417 Interest expense 326 — — 326 Provision for finance receivable losses 610 — — 610 Net interest income after provision for finance receivable losses 477 1 3 481 Other revenues 206 1 — 207 Salaries and benefits 242 1 — 243 Other operating expenses 203 2 — 205 Insurance policy benefits and claims 44 — — 44 Income (loss) before income tax expense $ 194 $ ( 1 ) $ 3 $ 196 Three Months Ended June 30, 2025 Interest income $ 1,333 $ 1 $ 5 $ 1,339 Interest expense 317 — — 317 Provision for finance receivable losses 511 — — 511 Net interest income after provision for finance receivable losses 505 1 5 511 Other revenues 175 2 ( 1 ) 176 Salaries and benefits 229 1 — 230 Other operating expenses 186 3 — 189 Insurance policy benefits and claims 54 — — 54 Income (loss) before income tax expense $ 211 $ ( 1 ) $ 4 $ 214 Six Months Ended June 30, 2026 Interest income $ 2,796 $ 2 $ 6 $ 2,804 Interest expense 648 1 — 649 Provision for finance receivable losses 1,075 — ( 1 ) 1,074 Net interest income after provision for finance receivable losses 1,073 1 7 1,081 Other revenues 401 3 — 404 Salaries and benefits 481 2 — 483 Other operating expenses 410 3 1 414 Insurance policy benefits and claims 96 — — 96 Income (loss) before income tax expense $ 487 $ ( 1 ) $ 6 $ 492 Assets $ 26,274 $ 5 $ 1,145 $ 27,424 Six Months Ended June 30, 2025 Interest income $ 2,635 $ 1 $ 12 $ 2,648 Interest expense 628 — 1 629 Provision for finance receivable losses 967 — — 967 Net interest income after provision for finance receivable losses 1,040 1 11 1,052 Other revenues 361 4 ( 1 ) 364 Salaries and benefits 446 2 — 448 Other operating expenses 371 4 1 376 Insurance policy benefits and claims 103 — — 103 Income (loss) before income tax expense $ 481 $ ( 1 ) $ 9 $ 489 Assets $ 25,485 $ 10 $ 1,133 $ 26,628 40 Table of Contents 14. Fair Value Measurements The accounting policies of our fair value measurements are the same as those disclosed in Note 2 and Note 19 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report. The following table presents the carrying amounts and estimated fair values of our financial instruments and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Fair Value Measurements Using Total Fair Value Total Carrying Value (dollars in millions) Level 1 Level 2 Level 3 June 30, 2026 Assets Cash and cash equivalents $ 562 $ 5 $ — $ 567 $ 567 Investment securities 62 1,584 3 1,649 1,649 Net finance receivables, less allowance for finance receivable losses — — 24,949 24,949 22,222 Restricted cash and restricted cash equivalents 738 — — 738 738 Other assets * — — 32 32 16 Liabilities Long-term debt $ — $ 23,003 $ — $ 23,003 $ 22,769 December 31, 2025 Assets Cash and cash equivalents $ 860 $ 54 $ — $ 914 $ 914 Investment securities 57 1,530 3 1,590 1,590 Net finance receivables, less allowance for finance receivable losses — — 24,440 24,440 21,968 Restricted cash and restricted cash equivalents 699 — — 699 699 Other assets * — — 31 31 18 Liabilities Long-term debt $ — $ 23,204 $ — $ 23,204 $ 22,694 * Other assets at June 30, 2026 and December 31, 2025 primarily consists of finance receivables held for sale. 41 Table of Contents FAIR VALUE MEASUREMENTS — RECURRING BASIS The following tables present information about our assets measured at fair value on a recurring basis and indicate the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 June 30, 2026 Assets Cash equivalents in mutual funds $ 57 $ — $ — $ 57 Cash equivalents in securities — 5 — 5 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 13 — 13 Obligations of states, municipalities, and political subdivisions — 54 — 54 Commercial paper — 58 — 58 Non-U.S. government and government sponsored entities — 137 — 137 Corporate debt 5 1,041 2 1,048 RMBS — 190 — 190 CMBS — 18 — 18 CDO/ABS — 69 — 69 Total available-for-sale securities 5 1,580 2 1,587 Other securities Bonds: Corporate debt — 3 — 3 CDO/ABS — 1 — 1 Total bonds — 4 — 4 Preferred stock 12 — — 12 Common stock 45 — 1 46 Total other securities 57 4 1 62 Total investment securities 62 1,584 3 1,649 Restricted cash equivalents in mutual funds 569 — — 569 Total $ 688 $ 1,589 $ 3 $ 2,280 42 Table of Contents Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2025 Assets Cash equivalents in mutual funds $ 48 $ — $ — $ 48 Cash equivalents in securities — 53 — 53 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 13 — 13 Obligations of states, municipalities, and political subdivisions — 56 — 56 Non-U.S. government and government sponsored entities — 157 — 157 Corporate debt 6 1,022 2 1,030 RMBS — 190 — 190 CMBS — 22 — 22 CDO/ABS — 64 — 64 Total available-for-sale securities 6 1,524 2 1,532 Other securities Bonds: Corporate debt — 3 — 3 CDO/ABS — 3 — 3 Total bonds — 6 — 6 Preferred stock 12 — — 12 Common stock 39 — 1 40 Total other securities 51 6 1 58 Total investment securities 57 1,530 3 1,590 Restricted cash equivalents in mutual funds 620 — — 620 Total $ 725 $ 1,583 $ 3 $ 2,311 Due to the insignificant activity within the Level 3 assets during the three and six months ended June 30, 2026 and 2025, we have omitted the additional disclosures relating to the changes in Level 3 assets measured at fair value on a recurring basis and the quantitative information about Level 3 unobservable inputs. FAIR VALUE MEASUREMENTS — NON-RECURRING BASIS We measure the fair value of certain assets on a non-recurring basis when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Net impairment charges recorded on assets measured at fair value on a non-recurring basis were immaterial during the three and six months ended June 30, 2026 and 2025. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS See Note 19 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for information regarding our methods and assumptions used to estimate fair value. 43 Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. An index to our management’s discussion and analysis follows: Topic Page Forward-Looking Statements 45 Overview 46 Recent Developments and Outlook 47 Results of Operations 48 Segment Results 52 Credit Quality 55 Liquidity and Capital Resources 58 Critical Accounting Policies and Estimates 63 Recent Accounting Pronouncements 63 Seasonality 63 44 Table of Contents Forward-Looking Statements This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead represent only management’s current beliefs regarding future events. By their nature, forward-looking statements are subject to risks, uncertainties, assumptions, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed in or implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. We do not undertake any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments, or otherwise, except as required by law. Forward-looking statements include, without limitation, statements concerning future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Statements preceded by, followed by or that otherwise include the words “anticipates,” “appears,” “assumes,” “believes,” “can,” “continues,” “could,” “estimates,” “expects,” “forecasts,” “foresees,” “goals,” “intends,” “likely,” “objective,” “plans,” “projects,” “target,” “trend,” “remains,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will,” or “would” are intended to identify forward-looking statements, but these words are not the exclusive means of identifying forward-looking statements. Important factors that could cause actual results, performance, or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the following: • adverse changes and volatility in general economic conditions, including the interest rate environment and the financial markets; • the sufficiency of our allowance for finance receivable losses; • increased levels of unemployment and personal bankruptcies; • the current inflationary environment and related trends affecting our customers; • natural or accidental events such as earthquakes, hurricanes, pandemics, floods, or wildfires affecting our customers, collateral, or our facilities; • a failure in or breach of our information, operational or security systems, or infrastructure or those of third parties, including as a result of cyber incidents, war, or other disruptions; • the adequacy of our credit risk scoring models; • geopolitical risks, including recent geopolitical actions; • adverse changes in our ability to attract and retain employees or key executives; • increased competition or adverse changes in customer responsiveness to our distribution channels or products; • changes in federal, state, or local laws, regulations, or regulatory policies and practices or increased regulatory scrutiny of our business or industry; • risks associated with our insurance operations; • the costs and effects of any actual or alleged violations of any federal, state, or local laws, rules or regulations; • the costs and effects of any fines, penalties, judgments, decrees, orders, inquiries, investigations, subpoenas, or enforcement or other proceedings of any governmental or quasi-governmental agency or authority; • our substantial indebtedness and our continued ability to access the capital markets and maintain adequate current sources of funds to satisfy our cash flow requirements; • our ability to comply with all of our covenants; and • the effects of any downgrade of our debt ratings by credit rating agencies. We also direct readers to the other risks and uncertainties discussed in Part I - Item 1A. “Risk Factors” included in our Annual Report and in other documents we file with the SEC. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. You should specifically consider the factors identified in this report and in the documents we file with the SEC that could cause actual results to differ before making an investment decision to purchase our securities and should not place undue reliance on any of our forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. 45 Table of Contents Overview We offer consumer loans, which consist of personal loans and auto finance, credit cards, and other products to help customers meet everyday needs and take steps to improve their financial well-being. We service the loans that we retain on our balance sheet, as well as loans owned by third parties. Additionally, our insurance subsidiaries offer optional credit and non-credit insurance and other optional products. We also offer credit cards under our BrightWay brand which are designed to offer a highly digital customer experience while also rewarding customers for responsible credit activity. Our resources allow us to operate in 48 states and provide a seamless experience through our customers’ preferred channels, including in person, online or over the phone, using our digital platforms, distribution partnerships, or working with our expert team members at more than 1,300 locations. OUR PRODUCTS Our product offerings include: • Personal Loans — We offer personal loans through our branch network, central operations, direct mail, digital affiliates, and our website, www.onemainfinancial.com, to customers 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 collateral, or are unsecured. At June 30, 2026, we had approximately 2.4 million personal loans totaling $21.3 billion of net finance receivables, of which 56% were secured by titled property, compared to approximately 2.4 million personal loans totaling $21.4 billion of net finance receivables, of which 53% were secured by titled property at December 31, 2025. We also service personal loans for our whole loan sale partners. • Auto Finance — We offer secured auto financing originated at the point of purchase through a growing network of franchise and independent dealerships. The loans are non-revolving, with a fixed rate, and have fixed terms generally between three and six years. At June 30, 2026, we had approximately 157 thousand auto finance loans totaling $2.7 billion of net finance receivables, compared to approximately 148 thousand auto finance loans totaling $2.5 billion of net finance receivables at December 31, 2025. We also service auto finance loans for our whole loan sale partners and loans originated by third parties. • Credit Cards — BrightWay credit cards are originated through a third-party bank partner from which we purchase the receivable balances. The credit cards are offered across our branch network, as well as through direct mail, our digital affiliates, and our website. Credit cards are open-ended, revolving, with a fixed rate, and are unsecured. At June 30, 2026, we had approximately 1.3 million open credit card customer accounts, totaling $1.1 billion of net finance receivables, compared to approximately 1.1 million open credit card customer accounts, totaling $936 million of net finance receivables at December 31, 2025. • Optional Products — We offer our custom ers optional credit insurance products (life, disability, and involuntary unemployment insurance) and optional non-credit insurance products through both our branch network and our central operations. Credit insurance and non-credit insurance products are provided by our affiliated insurance companies. We offer Guaranteed Asset Protection (“GAP”) coverage as a waiver product or insurance. We also offer optional membership plans from an unaffiliated company. OUR SEGMENT At June 30, 2026, Consumer and Insurance (“C&I”) is our only reportable segment, which includes consumer loans, credit cards, and optional products. At June 30, 2026, we had $26.9 billion of managed receivables due from approximately 4.0 million customer accounts, compared to $26.3 billion of managed receivables due from approximately 3.8 million customer accounts at December 31, 2025. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans held for sale and reported in Other assets in our condensed consolidated balance sheets. See Note 13 of the Notes to the Condensed Consolidated Financial Statements included in this report for more information about our segment. 46 Table of Contents Recent Developments and Outlook RECENT DEVELOPMENTS Issuances and Redemptions of Unsecured Debt On January 15, 2026, OMFC paid a net aggregate amount of $436 million, inclusive of accrued interest and premium, to complete the redemption of its 7.125% Senior Notes due 2026. For information about the issuances and redemptions of our unsecured debt, see “Liquidity and Capital Resources” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in this report. Securitization Transactions Completed - ODART 2026-1 and OMFIT 2026-1 For information regarding the issuances of our secured debt, see “Liquidity and Capital Resources” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in this report. Cash Dividends to OMH’s Common Stockholders For information regarding the quarterly dividends declared by OMH, see “Liquidity and Capital Resources” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in this report. OUTLOOK We actively monitor the current macroeconomic environment and remain prepared for any developments that may impact our business. Our financial condition and results of operations could be affected by macroeconomic conditions, including changes in unemployment, inflation, interest rates, consumer confidence, and geopolitical actions. We incorporate updates to our macroeconomic assumptions, as necessary, which could lead to adjustments in our allowance for finance receivable losses, allowance ratio, and provision for finance receivable losses. Our experienced management team remains focused on maintaining a strong balance sheet with a long liquidity runway and adequate capital while maintaining a conservative and disciplined underwriting model. We believe we are well positioned to serve our customers and execute on our strategic priorities, including: • striving to be the lender of choice for nonprime consumers and improve their financial well-being; • continuing to expand our product offerings and grow our receivables; • maintaining a rigorous focus on maximizing returns while minimizing credit risk; • leveraging our scale and cost discipline across the Company to deliver improved operating leverage; and • maintaining a strong liquidity level with diversified funding sources. We believe our commitment to closely monitor the macroeconomic environment, retain disciplined underwriting, drive strategic growth initiatives, and attract and retain top talent strengthens our ability to navigate challenges and seize opportunities. With a robust balance sheet and a focus on our key initiatives, we are confident in our ability to increase shareholder value and remain resilient and adaptable to navigate an ever-evolving economic, social, political, and regulatory landscape. 47 Table of Contents 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. At or for the Three Months Ended June 30, At or for the Six Months Ended June 30, (dollars in millions, except per share amounts) 2026 2025 2026 2025 Interest income $ 1,417 $ 1,339 $ 2,804 $ 2,648 Interest expense 326 317 649 629 Provision for finance receivable losses 610 511 1,074 967 Net interest income after provision for finance receivable losses 481 511 1,081 1,052 Other revenues 207 176 404 364 Other expenses 492 473 993 927 Income before income taxes 196 214 492 489 Income taxes 44 47 114 109 Net income $ 152 $ 167 $ 378 $ 380 Share Data: Earnings per share: Diluted $ 1.32 $ 1.40 $ 3.25 $ 3.18 Selected Financial Statistics * Total finance receivables: Net finance receivables $ 25,145 $ 23,870 $ 25,145 $ 23,870 Average net receivables $ 24,734 $ 23,600 $ 24,680 $ 23,526 Gross charge-off ratio 10.10 % 9.05 % 10.12 % 9.37 % Recovery ratio (1.90) % (1.48) % (1.81) % (1.51) % Net charge-off ratio 8.20 % 7.57 % 8.30 % 7.86 % 48 Table of Contents At or for the Three Months Ended June 30, At or for the Six Months Ended June 30, (dollars in millions, except per share amounts) 2026 2025 2026 2025 Selected Financial Statistics, continued * Personal loans: Net finance receivables $ 21,329 $ 20,814 $ 21,329 $ 20,814 Origination volume $ 3,870 $ 3,534 $ 6,598 $ 6,213 Number of accounts 2,360,439 2,340,944 2,360,439 2,340,944 Number of accounts originated 353,383 328,162 611,438 576,247 Auto finance: Net finance receivables $ 2,672 $ 2,304 $ 2,672 $ 2,304 Origination volume $ 446 $ 373 $ 822 $ 716 Number of accounts 157,309 138,405 157,309 138,405 Number of accounts originated 18,914 16,645 36,002 32,402 Consumer loans: Net finance receivables $ 24,001 $ 23,118 $ 24,001 $ 23,118 Yield 22.75 % 22.70 % 22.67 % 22.62 % Origination volume $ 4,316 $ 3,907 $ 7,420 $ 6,929 Number of accounts 2,517,748 2,479,349 2,517,748 2,479,349 Number of accounts originated 372,297 344,807 647,440 608,649 Net charge-off ratio 7.77 % 7.19 % 7.89 % 7.50 % 30-89 Delinquency ratio 3.02 % 3.04 % 3.02 % 3.04 % Credit cards: Net finance receivables $ 1,144 $ 752 $ 1,144 $ 752 Purchase volume $ 479 $ 305 $ 812 $ 554 Number of open accounts 1,325,039 920,311 1,325,039 920,311 Debt balances: Long-term debt balance $ 22,769 $ 22,053 $ 22,769 $ 22,053 Average daily debt balance $ 22,379 $ 21,805 $ 22,268 $ 21,740 * See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios. 49 Table of Contents Comparison of Consolidated Results for Three and Six Months Ended June 30, 2026 and 2025 Interest income increased $78 million or 6% and $156 million or 6% in the three and six months ended June 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 $9 million or 3% and $20 million or 3% in the three and six months ended June 30, 2026 when compared to the same period in 2025 due to an increase in average debt to support our receivables growth. Provision for finance receivable losses increased $99 million or 19% and $107 million or 11% in the three and six months ended June 30, 2026 when compared to the same period in 2025 due to higher net charge-offs and growth in receivables. Other revenues increased $31 million or 18% and $40 million or 11% in the three and six months ended June 30, 2026 when compared to the same period in 2025 driven by a decrease in losses on repurchases and repayments of debt and increases in credit card revenue from growth in new accounts and servicing revenue on loans serviced for others. Other expenses increased $19 million or 4% and $66 million or 7% in the three and six months ended June 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 restructuring charges in the current period not present in the prior period. The increase was partially offset by a decrease in insurance policy benefits and claims expense due to the benefit of a reserve release. Income taxes decreased $3 million or 7% for the three months ended June 30, 2026 when compared to the same period in 2025 due to lower pretax income. Income taxes increased $5 million or 4% in the six months ended June 30, 2026 when compared to the same period in 2025 due to timing of federal tax credits purchased in the prior year period. 50 Table of Contents 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: Three Months Ended June 30, Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Consumer and Insurance Income before income taxes - Segment Accounting Basis $ 194 $ 211 $ 487 $ 481 Adjustments: Net loss on repurchases and repayments of debt 1 20 4 25 Restructuring charges 5 — 12 — Other 1 — 3 1 Adjusted pretax income (non-GAAP) 201 231 506 507 Provision for finance receivable losses 610 511 1,075 967 Net charge-offs (506) (446) (1,018) (919) Pretax capital generation (non-GAAP) $ 305 $ 296 $ 563 $ 555 51 Table of Contents Segment Results 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. At or for the Three Months Ended June 30, At or for the Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Interest income $ 1,413 $ 1,333 $ 2,796 $ 2,635 Interest expense 326 317 648 628 Provision for finance receivable losses 610 511 1,075 967 Net interest income after provision for finance receivable losses 477 505 1,073 1,040 Other revenues 207 195 405 386 Other expenses 483 469 972 919 Adjusted pretax income (non-GAAP) $ 201 $ 231 $ 506 $ 507 Selected Financial Statistics * Total finance receivables: Net finance receivables $ 25,157 $ 23,901 $ 25,157 $ 23,901 Average net receivables $ 24,749 $ 23,634 $ 24,697 $ 23,564 Gross charge-off ratio 10.10 % 9.05 % 10.12 % 9.37 % Recovery ratio (1.90) % (1.48) % (1.81) % (1.50) % Net charge-off ratio 8.20 % 7.57 % 8.31 % 7.87 % 52 Table of Contents At or for the Three Months Ended June 30, At or for the Six Months Ended June 30, (dollars in millions) 2026 2025 2026 2025 Selected Financial Statistics, continued * Personal loans: Net finance receivables $ 21,329 $ 20,814 $ 21,329 $ 20,814 Origination volume $ 3,870 $ 3,534 $ 6,598 $ 6,213 Number of accounts 2,360,439 2,340,944 2,360,439 2,340,944 Number of accounts originated 353,383 328,162 611,438 576,247 Auto finance: Net finance receivables $ 2,684 $ 2,335 $ 2,684 $ 2,335 Origination volume $ 446 $ 373 $ 822 $ 716 Number of accounts 157,309 138,405 157,309 138,405 Number of accounts originated 18,914 16,645 36,002 32,402 Consumer loans: Net finance receivables $ 24,013 $ 23,149 $ 24,013 $ 23,149 Yield 22.68 % 22.58 % 22.60 % 22.48 % Origination volume $ 4,316 $ 3,907 $ 7,420 $ 6,929 Number of accounts 2,517,748 2,479,349 2,517,748 2,479,349 Number of accounts originated 372,297 344,807 647,440 608,649 Net charge-off ratio 7.77 % 7.19 % 7.90 % 7.51 % 30-89 Delinquency ratio 3.02 % 3.05 % 3.02 % 3.05 % Credit cards: Net finance receivables $ 1,144 $ 752 $ 1,144 $ 752 Purchase volume $ 479 $ 305 $ 812 $ 554 Number of open accounts 1,325,039 920,311 1,325,039 920,311 * See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios. 53 Table of Contents Comparison of Adjusted Pretax Income for Three and Six Months Ended June 30, 2026 and 2025 Interest income increased $80 million or 6% and $161 million or 6% in the three and six months ended June 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 $9 million or 3% and $20 million or 3% in the three and six months ended June 30, 2026 when compared to the same period in 2025 due to an increase in average debt to support our receivables growth. Provision for finance receivable losses increased $99 million or 19% and $108 million or 11% in the three and six months ended June 30, 2026 when compared to the same period in 2025 due to higher net charge-offs and growth in receivables. Other revenues increased $12 million or 6% and $19 million or 5% in the three and six months ended June 30, 2026 when compared to the same period in 2025 driven by increases in credit card revenue from growth in new accounts and servicing revenue on loans serviced for others. Other expenses increased $14 million or 3% and $53 million or 6% in the three and six months ended June 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. The increase was partially offset by a decrease in insurance policy benefits and claims expense due to the benefit of a reserve release. 54 Table of Contents Credit Quality FINANCE RECEIVABLES Our net finance receivables, consisting of consumer loans and credit cards, were $25.1 billion at June 30, 2026 and $24.8 billion at December 31, 2025. We consider the delinquency status of our finance receivables as our key credit quality indicator. We monitor the delinquency of our finance receivable portfolio, including the migration between the delinquency buckets and changes in the delinquency trends to manage our exposure to credit risk in the portfolio. Our branch and central operation team members work closely with customers as necessary and offer a variety of borrower assistance programs to help support our customers. DELINQUENCY We monitor delinquency trends to evaluate the risk of future credit losses and employ advanced analytical tools to manage performance. Team members are actively engaged in collection activities throughout the early stages of delinquency. We closely track and report the percentage of receivables that are contractually 30-89 days past due as a benchmark of portfolio quality, collections effectiveness, and as a strong indicator of losses in coming quarters. When consumer loans are contractually 60 days past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. Use of our central operations teams for managing late-stage delinquency allows us to apply more advanced collection techniques and tools to drive credit performance and operational efficiencies. We consider our consumer loans to be nonperforming at 90 days contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrue d . For credit cards, we accrue finance charges and fees until charge-off at 180 days contractually past due, at which point we reverse finance charges and fees previously accrued. The delinquency information for net finance receivables on a Segment Accounting Basis was as follows: Consumer and Insurance (dollars in millions) Consumer Loans Credit Cards June 30, 2026 Current $ 22,772 $ 1,028 30-89 days past due 725 53 90+ days past due 516 63 Total net finance receivables $ 24,013 $ 1,144 Delinquency ratio 30-89 days past due 3.02 % 4.66 % 30+ days past due 5.17 % 10.19 % 90+ days past due 2.15 % 5.53 % December 31, 2025 Current $ 22,518 $ 820 30-89 days past due 803 50 90+ days past due 596 66 Total net finance receivables $ 23,917 $ 936 Delinquency ratio 30-89 days past due 3.36 % 5.38 % 30+ days past due 5.85 % 12.43 % 90+ days past due 2.49 % 7.05 % 55 Table of Contents ALLOWANCE FOR FINANCE RECEIVABLE LOSSES We estimate and record an allowance for finance receivable losses to cover the expected lifetime credit losses on our finance receivables. Our allowance for finance receivable losses may fluctuate based upon changes in portfolio growth, credit quality, and economic conditions. Our methodology to estimate expected credit losses uses recent macroeconomic forecasts, which include forecasts for unemployment. We leverage projections from various industry leading providers. We also consider inflationary pressures, consumer confidence levels, and elevated interest rates that may continue to impact the economic outlook. At June 30, 2026, our economic forecast used a reasonable and supportable period of 12 months. We may experience further changes to the macroeconomic assumptions within our forecast, as well as changes to our loan loss performance outlook, both of which could lead to further changes in our allowance for finance receivable losses, allowance ratio, and provision for finance receivable losses. Changes in our allowance for finance receivable losses were as follows: (dollars in millions) Consumer and Insurance Segment to GAAP Adjustment Consolidated Total Consumer Loans Credit Cards Three Months Ended June 30, 2026 Balance at beginning of period $ 2,609 $ 212 $ (2) $ 2,819 Provision for finance receivable losses 528 82 — 610 Charge-offs (572) (51) — (623) Recoveries 113 4 — 117 Balance at end of period $ 2,678 $ 247 $ (2) $ 2,923 Three Months Ended June 30, 2025 Balance at beginning of period $ 2,541 $ 152 $ (5) $ 2,688 Provision for finance receivable losses 460 51 — 511 Charge-offs (496) (37) 1 (532) Recoveries 85 2 — 87 Balance at end of period $ 2,590 $ 168 $ (4) $ 2,754 Six Months Ended June 30, 2026 Balance at beginning of period $ 2,659 $ 209 $ (3) $ 2,865 Provision for finance receivable losses 947 128 (1) 1,074 Charge-offs (1,140) (100) 2 (1,238) Recoveries 212 10 — 222 Balance at end of period $ 2,678 $ 247 $ (2) $ 2,923 Net finance receivables $ 24,013 $ 1,144 $ (12) $ 25,145 Allowance ratio 11.16 % 21.55 % N/A 11.62 % Six Months Ended June 30, 2025 Balance at beginning of period $ 2,572 $ 138 $ (5) $ 2,705 Provision for finance receivable losses 869 98 — 967 Charge-offs (1,022) (73) 2 (1,093) Recoveries 171 5 (1) 175 Balance at end of period $ 2,590 $ 168 $ (4) $ 2,754 Net finance receivables $ 23,149 $ 752 $ (31) $ 23,870 Allowance ratio 11.19 % 22.28 % N/A 11.54 % 56 Table of Contents The current delinquency status of our finance receivable portfolio, inclusive of recent borrower performance and loss performance, volume of our modified finance receivable activity, level and recoverability of collateral securing our finance receivable portfolio, portfolio mix, and the reasonable and supportable forecast of economic conditions are the primary drivers that can cause fluctuations in our allowance ratio from period to period. We monitor the allowance ratio to ensure we have a sufficient level of allowance for finance receivable losses based on the estimated lifetime expected credit losses in our finance receivable portfolio. The allowance for finance receivable losses as a percentage of net finance receivables increased slightly compared to the prior year period due to change in the portfolio mix. See Note 4 of the Notes to the Condensed Consolidated Financial Statements included in this report for more information about the changes in the allowance for finance receivable losses. 57 Table of Contents Liquidity and Capital Resources SOURCES AND USES OF FUNDS We finance the majority of our operating liquidity and capital needs through a combination of cash flows from operations, secured debt, unsecured debt, borrowings from revolving conduit facilities, credit card revolving VFN facilities, the unsecured corporate revolver, whole loan sales, and equity. We may also utilize other sources in the future. As a holding company, all of the funds generated from our operations are earned by our operating subsidiaries. Our operating subsidiaries’ primary cash needs relate to funding our lending activities, our debt service obligations, our operating expenses, payment of insurance claims, and supporting strategic initiatives. We have previously purchased portions of our unsecured indebtedness, and we may elect to purchase additional portions of our unsecured indebtedness or securitized borrowings in the future. Future purchases may be made through the open market, privately negotiated transactions with third parties, or pursuant to one or more tender or exchange offers, all of which are subject to terms, prices, and consideration we may determine at our discretion. During the six months ended June 30, 2026, OMH generated net income of $378 million. OMH’s net cash inflow from operating and investing activities totaled $50 million for the six months ended June 30, 2026. At June 30, 2026, our scheduled interest payments for the remainder of 2026 totaled $340 million and there were no scheduled principal payments for 2026 on our existing unsecured debt. As of June 30, 2026, we had $11.6 billion of unencumbered receivables. Based on our estimates and considering the risks and uncertainties of our plans, we believe that we will have adequate liquidity to finance and operate our businesses and repay our obligations as they become due. OMFC’s Issuances, Redemptions, and Repurchases of Unsecured Debt On January 15, 2026, OMFC paid a net aggregate amount of $436 million, inclusive of accrued interest and premium, to complete the redemption of its 7.125% Senior Notes due 2026. OMFC’s Unsecured Corporate Revolver At June 30, 2026, the borrowing capacity of our corporate revolver was $1.0 billion. Securitizations, Revolving Conduit Facilities, and Credit Card Revolving VFN Facilities During the six months ended June 30, 2026, we completed two new consumer loan securitization (ODART 2026-1 and OMFIT 2026-1, see “Securitized Borrowings” below) and redeemed three consumer loan securitization (ODART 2019-1, ODART 2021-1, and FCRT 2022-2). At June 30, 2026, the borrowing capacity of our revolving conduit facilities was $5.8 billion. At June 30, 2026, we had $13.2 billion of consumer loan gross finance receivables pledged as collateral for our securitizations, revolving conduit facilities, and private secured term funding facility. At June 30, 2026, the borrowing capacity of our credit card revolving VFN facilities was $700 million. At June 30, 2026, we had $725 million of credit card principal balances held in OneMain Financial Credit Card Trust (“OMFCT”) for our credit card revolving VFN facilities. Private Secured Term Funding At June 30, 2026, the maximum borrowing capacity of $350 million was outstanding under the remaining private secured term funding facility. Principal payments on any outstanding balances are not required until after October 2027 followed by a subsequent amortization period, which upon expiration the outstanding principal is due and payable. See Notes 6 and 7 of the Notes to the Condensed Consolidated Financial Statements included in this report for further information on our long-term debt, securitization transactions, private secured term funding facility, revolving conduit facilities, and credit card revolving VFN facilities. 58 Table of Contents Credit Ratings Our credit ratings impact our ability to access capital markets and our borrowing costs. Rating agencies base their ratings on numerous factors, including liquidity, capital adequacy, asset quality, quality of earnings, and the probability of systemic support. Significant changes in these factors could result in different ratings. The table below outlines OMFC’s long-term corporate debt ratings and outlook by rating agencies: As of June 30, 2026 Rating Outlook S&P BB Stable Moody’s Ba2 Stable KBRA BB+ Stable Currently, no other entity has a corporate debt rating, though they may be rated in the future. Stock Repurchased During the six months ended June 30, 2026, OMH repurchased 2,477,867 shares of its common stock through its stock repurchase program for an aggregate total of $139 million, including commissions, fees and excise taxes. As of June 30, 2026, OMH held a total of 20,954,574 shares of treasury stock. To provide funding for the OMH stock repurchases, the OMFC Board of Directors authorized dividend payments in the amount of $130 million. For additional information regarding the shares repurchased, see Item 2. Unregistered Sales of Equity Securities and Use of Proceeds of Part II included in this report. Cash Dividend to OMH’s Common Stockholders As of June 30, 2026, the dividend declarations for the current year by the Board were as follows: Declaration Date Record Date Payment Date Dividend Per Share Amount Paid (in millions) February 5, 2026 February 17, 2026 February 23, 2026 $ 1.05 $ 123 May 1, 2026 May 11, 2026 May 15, 2026 1.05 121 Total $ 2.10 $ 244 To provide funding for the dividend, OMFC paid dividends of $242 million to OMH during the six months ended June 30, 2026. On July 29, 2026, OMH declared a dividend of $1.05 per share payable on August 14, 2026 to record holders of OMH’s common stock as of the close of business on August 10, 2026. To provide funding for the OMH dividend, the OMFC Board of Directors authorized a dividend in the amount of up to $125 million payable on or after August 11, 2026. While OMH intends to pay its minimum quarterly dividend, currently $1.05 per share, for the foreseeable future, all subsequent dividends will be reviewed and declared at the discretion of the Board and will depend on many factors, including our financial condition, earnings, cash flows, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends, and other considerations that the Board deems relevant. OMH’s dividend payments may change from time to time, and the Board may choose not to continue to declare dividends in the future. See our “Dividend Policy” in Part II - Item 5 included in our Annual Report for further information. Whole Loan Sale Transactions We have whole loan sale flow agreements with third parties. The Company is committed to sell a remaining total of $1.8 billion gross receivables of newly originated unsecured personal loans along with any associated accrued interest with a current term of approximately two years. 59 Table of Contents During the three and six months ended June 30, 2026, we sold a total of $353 million and $693 million of gross finance receivables, respectively, compared to $260 million and $514 million during the same periods in 2025. See Note 3 of the Notes to the Condensed Consolidated Financial Statements included in this report for further information on the whole loan sale transactions. LIQUIDITY OMH’s Operating Activities Net cash provided by operations of $1.5 billion for the six months ended June 30, 2026 reflected net income of $378 million, the impact of non-cash items including provision for finance receivable losses of $1.1 billion, and an unfavorable change in working capital of $56 million. Net cash provided by operations of $1.4 billion for the six months ended June 30, 2025 reflected net income of $380 million, the impact of non-cash items including provision for finance receivable losses of $967 million, and an unfavorable change in working capital of $58 million. OMH’s Investing Activities Net cash used for investing activities of $1.5 billion for the six months ended June 30, 2026 was due to net principal originations and purchases of finance receivables and purchases of available-for-sale securities, offset by the proceeds from sales of finance receivables and calls, sales, and maturities of available-for-sale securities. Net cash used for investing activities of $1.3 billion for the six months ended June 30, 2025 was due to net principal originations and purchases of finance receivables and purchases of available-for-sale and other securities, offset by the proceeds from sales of finance receivables and calls, sales, and maturities of available-for-sale and other securities. OMH’s Financing Activities Net cash used for financing activities of $358 million for the six months ended June 30, 2026 was due to repayments and repurchases of long-term debt, cash dividends paid and common stock repurchased, partially offset by the issuances and borrowings of long-term debt. Net cash provided by financing activities of $274 million for the six months ended June 30, 2025 was due to the issuances and borrowings of long-term debt, partially offset by repayments and repurchases of long-term debt and cash dividends paid. OMH’s Cash and Investments At June 30, 2026, we had $567 million of cash and cash equivalents, which included $171 million of cash and cash equivalents held at our regulated insurance subsidiaries or for other operating activities that is unavailable for general corporate purposes. At June 30, 2026, we had $1.6 billion of investment securities, which are all held as part of our insurance operations and are unavailable for general corporate purposes. Liquidity Risks and Strategies OMFC’s credit ratings are non-investment grade, which may have a significant impact on our cost and could potentially impact our access to capital. This, in turn, can negatively affect our ability to manage our liquidity and our ability or cost to refinance our indebtedness. There are numerous risks to our financial results, liquidity, capital raising, and debt refinancing plans, some of which may not be quantified in our current liquidity forecasts. These risks are further described in our “Liquidity and Capital Resources” of Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II - Item 7 included in our Annual Report. The principal factors that could decrease our liquidity are customer delinquencies and defaults, a decline in customer prepayments, rising interest rates, or a prolonged inability to adequately access capital market funding. We intend to support our liquidity position by utilizing strategies that are further described in our “Liquidity and Capital Resources” of Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II - Item 7 included in our Annual Report. However, it is possible that the actual outcome of one or more of our plans could be materially different than expected or that one or more of our significant judgments or estimates could prove to be materially incorrect. 60 Table of Contents OUR INSURANCE SUBSIDIARIES Our insurance subsidiaries are subject to state regulations that limit their ability to pay dividends. AHL and Triton did not pay dividends during the six months ended June 30, 2026 and 2025. See Note 11 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for further information on these state restrictions and the dividends paid by our insurance subsidiaries. OUR DEBT AGREEMENTS The debt agreements which OMFC and its subsidiaries are a party to include customary terms and conditions, including covenants and representations and warranties. See Note 9 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for more information on the restrictive covenants under OMFC’s debt agreements, as well as the guarantees of OMFC’s long-term debt. Securitized Borrowings We execute private securitizations under Rule 144A of the Securities Act of 1933, as amended. As of June 30, 2026, our structured financings consisted of the following: (dollars in millions) Issue Amount (a) Initial Collateral Balance Current Note Amounts Outstanding (a) Current Collateral Balance (b) Current Weighted Average Interest Rate Original Revolving Period OMFIT 2019-2 $ 900 $ 947 $ 900 $ 995 3.30 % 7 years OMFIT 2019-A 789 892 750 892 3.78 % 7 years OMFIT 2020-2 1,000 1,053 579 594 2.24 % 5 years OMFIT 2021-1 850 904 821 828 2.40 % 5 years OMFIT 2022-S1 600 652 235 267 4.58 % 3 years OMFIT 2022-2 1,000 1,099 212 328 6.11 % 2 years OMFIT 2022-3 979 1,090 85 399 6.45 % 2 years OMFIT 2023-1 825 920 825 920 5.82 % 5 years OMFIT 2023-2 1,400 1,566 1,400 1,566 5.87 % 3 years OMFIT 2024-1 1,100 1,222 1,100 1,222 5.99 % 7 years OMFIT 2025-1 1,000 1,124 1,000 1,124 4.97 % 3 years OMFIT 2026-1 1,100 1,231 1,100 1,231 5.14 % 3 years ODART 2022-1 600 632 146 151 5.35 % 2 years ODART 2023-1 750 792 600 609 5.68 % 3 years ODART 2025-1 900 926 900 926 5.48 % 5 years ODART 2026-1 850 869 850 869 4.63 % 3 years FCRT 2023-1 182 199 24 42 6.86 % N/A FCRT 2023-2 200 208 52 54 7.04 % N/A FCRT 2024-1 210 214 66 69 6.75 % N/A Total securitizations $ 15,235 $ 16,540 $ 11,645 $ 13,086 (a) Issue Amount includes the retained interest amounts as applicable and the Current Note Amounts Outstanding balances reflect pay-downs subsequent to note issuance and exclude retained interest amounts. (b) Inclusive of in-process replenishments of collateral for securitized borrowings in a revolving status as of June 30, 2026. 61 Table of Contents Revolving Conduit Facilities We had access to 16 revolving conduit facilities with a total borrowing capacity of $5.8 billion as of June 30, 2026: (dollars in millions) Advance Maximum Balance Amount Drawn OneMain Financial Funding VII, LLC $ 600 $ — OneMain Financial Auto Funding I, LLC 550 — Hudson River Funding, LLC 500 — River Thames Funding, LLC 400 — OneMain Financial Funding X, LLC 400 — OneMain Financial Funding XII, LLC 400 — OneMain Financial Funding XIII, LLC 400 — Mystic River Funding, LLC 350 — Thayer Brook Funding, LLC 350 1 Columbia River Funding, LLC 350 — Hubbard River Funding, LLC 350 — New River Funding Trust 300 — St. Lawrence River Funding, LLC 250 — OneMain Auto I, LLC 250 — OneMain Foursight Auto II, LLC 175 — OneMain Foursight Auto III, LLC 175 — Total $ 5,800 $ 1 Credit Card Revolving VFN Facilities We also had access to two credit card revolving VFN facilities with a total borrowing capacity of $700 million as of June 30, 2026: (dollars in millions) Advance Maximum Balance Amount Drawn OneMain Financial Credit Card Trust – Series 2024-VFN1 $ 350 $ — OneMain Financial Credit Card Trust – Series 2024-VFN2 350 — Total $ 700 $ — OFF-BALANCE SHEET ARRANGEMENTS We have no material off-balance sheet arrangements as defined by SEC rules, and we had no material off-balance sheet exposure to losses associated with unconsolidated VIEs at June 30, 2026 or December 31, 2025. 62 Table of Contents Critical Accounting Policies and Estimates We describe our significant accounting policies used in the preparation of our condensed consolidated financial statements in Note 2 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report. We consider the allowance for finance receivable losses to be a critical accounting policy because it involves critical accounting estimates and a significant degree of management judgment. There have been no material changes to our critical accounting policies or to our methodologies for deriving critical accounting estimates during the six months ended June 30, 2026. Recent Accounting Pronouncements See Note 2 of the Notes to the Condensed Consolidated Financial Statements included in this report for discussion of recently issued accounting pronouncements. Seasonality Our consumer loan and credit card volume and demand are generally lowest during the first quarter of the year following the holiday season and as a result of tax refunds, and then increases through the end of the year. Delinquencies follow similar trends, being generally lower during the first quarter of the year and rising throughout the remainder of the year. These seasonal trends contribute to fluctuations in our operating results and cash needs throughout the year. Item 3. Quantitative and Qualitative Disclosures About Market Risk. There have been no material changes to our market risk previously disclosed in Part II - Item 7A included in our Annual Report. 63 Table of Contents Item 4. Controls and Procedures. CONTROLS AND PROCEDURES OF ONEMAIN HOLDINGS, INC. Evaluation of Disclosure Controls and Procedures Disclosure controls and procedures are designed to provide reasonable assurance that the information OMH is required to disclose in reports that OMH files or submits under the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of June 30, 2026, OMH carried out an evaluation of the effectiveness of its disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. This evaluation was conducted under the supervision of, and with the participation of OMH’s management, including the Chief Executive Officer and the Chief Financial Officer. Based on the evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that OMH’s disclosure controls and procedures were effective as of June 30, 2026 to provide the reasonable assurance described above. Changes in Internal Control over Financial Reporting There were no changes in OMH’s internal control over financial reporting during the second quarter of 2026 that have materially affected, or are reasonably likely to materially affect, OMH’s internal control over financial reporting. CONTROLS AND PROCEDURES OF ONEMAIN FINANCE CORPORATION Evaluation of Disclosure Controls and Procedures Disclosure controls and procedures are designed to provide reasonable assurance that the information OMFC is required to disclose in reports that OMFC files or submits under the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of June 30, 2026, OMFC carried out an evaluation of the effectiveness of its disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. This evaluation was conducted under the supervision of, and with the participation of OMFC’s management, including the Chief Executive Officer and the Chief Financial Officer. Based on the evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that OMFC’s disclosure controls and procedures were effective as of June 30, 2026 to provide the reasonable assurance described above. Changes in Internal Control over Financial Reporting There were no changes in OMFC’s internal control over financial reporting during the second quarter of 2026 that have materially affected, or are reasonably likely to materially affect, OMFC’s internal control over financial reporting. 64 Table of Contents PART II - OTHER INFORMATION Item 1. Legal Proceedings. See Note 12 of the Notes to the Condensed Consolidated Financial Statements included in this report. Item 1A. Risk Factors. In addition to the other information set forth in this report, you should consider the factors discussed in Part I - Item 1A. “Risk Factors” in our Annual Report, which could materially affect our business, financial condition, or future results. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds There were no unregistered sales of our common stock during the period covered by this Quarterly Report on Form 10-Q. Issuer Purchases of Equity Securities The following table presents information regarding repurchases of our common stock, excluding commissions, fees and excise taxes, during the quarter ended June 30, 2026, based on settlement date: Period Total Number of Shares Purchased Average Price paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a) Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (a) April 1 - April 30 133,002 $ 56.39 133,002 850,910,728 May 1 - May 31 300,154 54.02 300,154 834,695,470 June 1 - June 30 143,013 55.85 143,013 826,707,764 Total 576,169 $ 55.02 576,169 (a) On October 23, 2025, the Board authorized a stock repurchase program that replaces and supersedes our previous share repurchase program, which allows us to repurchase up to $1.0 billion of OMH’s outstanding common stock excluding commissions, fees, excise taxes, and other expenses related to the repurchases. The authorization expires on December 31, 2028. The timing, number and share price of any additional shares repurchased will be determined by OMH based on its evaluation of market conditions and other factors and will be made in accordance with applicable securities laws in either the open market or in privately negotiated transactions. OMH is not obligated to purchase any shares under the program, which may be modified, suspended or discontinued at any time. Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. None. Item 5. Other Information. During the quarter ended June 30, 2026, no director or officer of the Company adopted , modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” each as defined in Item 408(a) of Regulation S-K. 65 Table of Contents Item 6. Exhibit Index. Exhibit Number Description 1 0.1 OneMain Holdings, Inc. 2026 Omnibus Incentive Plan (filed with the Commission on April 29, 2026 as Appendix B to the Registrant’s 2026 Definitive Proxy Statement, (Commission File No. 001-36129) and incorporated herein by reference). 31.1 Rule 13a-14(a)/15d-14(a) Certifications of the Principal Executive Officer of OneMain Holdings, Inc. 31.2 Rule 13a-14(a)/15d-14(a) Certifications of the Principal Financial Officer of OneMain Holdings, Inc. 31.3 Rule 13a-14(a)/15d-14(a) Certifications of the Principal Executive Officer of OneMain Finance Corporation 31.4 Rule 13a-14(a)/15d-14(a) Certifications of the Principal Financial Officer of OneMain Finance Corporation 32.1 Section 1350 Certifications of OneMain Holdings, Inc. 32.2 Section 1350 Certifications of OneMain Finance Corporation 101 Interactive data files pursuant to Rule 405 of Regulation S-T, formatted in Inline XBRL: (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Operations, (iii) Condensed Consolidated Statements of Comprehensive Income, (iv) Condensed Consolidated Statements of Shareholder’s Equity, (v) Condensed Consolidated Statements of Cash Flows, and (vi) Notes to the Condensed Consolidated Financial Statements. 104 Cover Page Interactive Data File in Inline XBRL format (Included in Exhibit 101). 66 Table of Contents OMH Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ONEMAIN HOLDINGS, INC. (Registrant) Date: July 30, 2026 By: /s/ Jeannette E. Osterhout Jeannette E. Osterhout Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) 67 Table of Contents OMFC Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ONEMAIN FINANCE CORPORATION (Registrant) Date: July 30, 2026 By: /s/ Matthew W. Vaughan Matthew W. Vaughan Vice President - Senior Managing Director and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) 68