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Sep 30, 2022

OneMain Q3 2022 Earnings Report

Reported diluted EPS of $1.52.

Key Takeaways

OneMain Holdings, Inc. reported a net income of $188 million for the third quarter of 2022, compared to $288 million in the prior year quarter. Earnings per diluted share were $1.52 in the third quarter of 2022, compared to $2.17 in the prior year quarter.

3Q 2022 Diluted EPS of $1.52

3Q 2022 C&I adjusted diluted EPS of $1.51

3Q 2022 C&I managed receivables of $20.5 billion

Repurchased 1.2 million shares for $42 million in 3Q

Total Revenue
$895M
Previous year: $876M
+2.2%
EPS
$1.51
Previous year: $2.37
-36.3%
Origination Volume
$3.6B
Previous year: $3.9B
-7.7%
Cash and Equivalents
$536M
Previous year: $821M
-34.7%
Total Assets
$22.3B
Previous year: $22B
+1.7%

OneMain

OneMain

Forward Guidance

OneMain has built a resilient business, anchored in world-class underwriting, a fortress balance sheet and a deep commitment to our customers. While we remain cautious, we also feel confident in our ability to navigate this environment and position our business for long-term, superior performance.