OneMain Holdings, Inc. reported its second quarter 2025 results on July 25, 2025, with pretax income of $214 million and net income of $167 million. This represents a significant increase from $92 million and $71 million, respectively, in the prior year quarter. Earnings per diluted share were $1.40, up from $0.59 in the prior year quarter.
Managed receivables reached $25.2 billion at June 30, 2025, an increase of 7% from $23.7 billion in the prior year. Consumer loan originations totaled $3.9 billion, up 9% from $3.6 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 5.17%, down from 5.45% in the prior year quarter, and net charge-offs at 7.19%, down from 8.29%. The provision for finance receivable losses was $511 million, a decrease of $4 million compared to the prior year period. OneMain declared a quarterly dividend of $1.04 per share and repurchased 460,000 shares for $21 million.
Operating expenses for the quarter were $415 million, up 11% from the prior year, reflecting receivable growth and strategic investments. The company maintained strong liquidity with $769 million in cash and equivalents and $7.5 billion of undrawn committed capacity from various facilities, providing robust funding flexibility. Management noted that the 'front book' of loans, originated under a tightened credit posture since August 2022, now constitutes 90% of receivables.
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