OneMain Holdings, Inc. reported its first quarter 2025 results on April 29, 2025, with pretax income of $275 million and net income of $213 million. This represents a significant increase from $204 million and $155 million, respectively, in the prior year quarter. Earnings per diluted share were $1.78, up from $1.29 in the prior year quarter.
Managed receivables reached $24.6 billion at March 31, 2025, an increase of 12% from $22.0 billion in the prior year. Consumer loan originations totaled $3.0 billion, up 20% from $2.5 billion in the prior year quarter. Total revenue was $1.5 billion, a 10% increase from $1.4 billion in the prior year quarter, driven by receivable growth and improved portfolio yield.
Credit performance showed improvement, with the 30-plus days delinquency ratio at 5.16%, down from 5.57% in the prior year quarter, and net charge-offs at 7.83%, down from 8.58%. The provision for finance receivable losses was $456 million, an increase of $25 million year-over-year. OneMain declared a quarterly dividend of $1.04 per share and repurchased 323,000 shares for $16 million.
Operating expenses for the quarter were $401 million, up 11% from the prior year, reflecting receivable growth and strategic investments. The company maintained strong liquidity with $627 million of cash and cash equivalents and $7.5 billion of undrawn committed capacity from various facilities, providing significant financial flexibility.
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