OneMain Holdings Reports 3Q 2026 Net Income of $185 Million, Declares $1.05 Dividend

OneMain Holdings, Inc. reported financial results for the third quarter of 2026, filing an 8-K with the SEC on October 30, 2026. The company reported pretax income of $233 million and net income of $185 million for the quarter, compared to $263 million and $199 million, respectively, in the prior year period. Earnings per diluted share were $1.60 for the third quarter of 2026, a decrease from $1.67 in the prior year quarter.

The company also announced a quarterly dividend of $1.05 per share. This dividend is payable on November 13, 2026, to shareholders of record as of the close of business on November 9, 2026. During the quarter, OneMain repurchased approximately 538,000 shares of common stock for $34 million.

Within the Consumer and Insurance Segment, adjusted pretax income was $232 million and adjusted net income was $174 million. Adjusted earnings per diluted share were reported at $1.51. The company defines capital generation as adjusted net income excluding the after-tax change in the allowance for finance receivable losses. Capital generation totaled $284 million for the quarter, an increase from $272 million in the prior year.

Managed receivables stood at $28.1 billion as of September 30, 2026, representing a 9% increase from the prior year. Total revenue was $1.7 billion, up 7% from $1.6 billion in the prior year. Interest income was $1.5 billion, while interest expense was $345 million. The provision for finance receivable losses was $615 million, and the allowance for finance receivable losses increased by $146 million during the quarter.

As of September 30, 2026, the company had principal debt balances outstanding of $24.4 billion, with 52% of that amount secured. The company reported $936 million in cash and cash equivalents, including $268 million restricted for operating activities. Liquidity resources included $1.0 billion of undrawn committed capacity from an unsecured corporate revolver, $6.5 billion of undrawn capacity under revolving conduit facilities, and $12.3 billion of unencumbered receivables.