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 customers 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 accrued. 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.