OneMain Holdings, Inc. reported a pretax income of $214 million and net income of $167 million for the second quarter of 2025. These figures represent substantial increases from $92 million and $71 million, respectively, in the prior year quarter. Diluted earnings per share soared to $1.40 in Q2 2025, up from $0.59 in Q2 2024.
The company continued its strong growth trajectory, with managed receivables reaching $25.2 billion as of June 30, 2025, a 7% increase from $23.7 billion a year ago. Consumer loan originations also grew by 9% to $3.9 billion in the second quarter of 2025. Total revenue for the quarter was $1.5 billion, a 10% increase from $1.4 billion in the prior year period.
Credit performance showed significant improvement, with the 30-plus days delinquency ratio decreasing to 5.17% at June 30, 2025, from 5.45% in the prior year. Net charge-offs also notably improved to 7.19% in Q2 2025, down from 8.29% in Q2 2024. The provision for finance receivable losses decreased by $4 million year-over-year to $511 million, further contributing to improved profitability.
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