Exhibit 99.1
ONEMAIN HOLDINGS, INC. REPORTS FOURTH QUARTER 2019 RESULTS
4Q 2019 diluted EPS of $1.91
4Q 2019 C&I adjusted diluted EPS of $1.96
4Q 2019 C&I Ending Net Finance Receivables of $18.4 billion
4Q 2019 C&I Net Charge-Off ratio of 5.71%
Raises regular quarterly dividend to $0.33 per share
Declares special dividend of $2.50 per share

Evansville, IN, February 10, 2020 -
OneMain Holdings, Inc. (NYSE: OMF) today reported pretax income of $344 million and net income of $261 million for the fourth quarter of 2019, compared to $214 million and $168 million, respectively, in the prior year quarter. Earnings per diluted share were $1.91 in the fourth quarter of 2019, compared to $1.24 in the prior year quarter.

Net income was $855 million for the full year of 2019, compared to $447 million for the full year of 2018. Earnings per diluted share were $6.27 in the full year of 2019, compared to $3.29 in the prior year.

OneMain’s Board of Directors approved the increase of the company’s regular quarterly dividend by 32% to $0.33 and the declaration of a $2.50 special dividend.

The regular and special dividends are payable on March 13, 2020 to record holders of our common stock as of the close of business on February 26, 2020.

"We generated strong earnings growth and significant capital in the fourth quarter of 2019," said Doug Shulman, President and CEO of OneMain. "Credit remained stable, receivables growth was disciplined, and we continued to achieve operating leverage while investing in our business. Our ongoing initiatives to enhance our customer experience and optimize the profitability of our business contributed to this performance and will continue to benefit all aspects of our business, leading to greater shareholder value and capital generation over the long-term."

The following segment results are reported on a non-GAAP basis. Refer to the required reconciliations of non-GAAP to comparable GAAP measures at the end of this press release.

Consumer and Insurance Segment (“C&I”)

C&I generated adjusted pretax income of $352 million and adjusted net income of $268 million for the fourth quarter of 2019, compared to $248 million and $189 million, respectively, in the prior year quarter. Adjusted earnings per diluted share were $1.96 for the fourth quarter of 2019, compared to $1.39 in the prior year quarter.

C&I generated adjusted net income of $916 million for the full year of 2019, compared to $688 million in the prior year. Adjusted earnings per diluted share were $6.72 for the full year of 2019, compared to $5.06 in the prior year.

Originations totaled $3.7 billion in the fourth quarter of 2019, up 13% from $3.3 billion in the prior year quarter. The percentage of secured originations was 54% in the fourth quarter of 2019, up from 53% in the prior year quarter.

Ending net finance receivables reached $18.4 billion at December 31, 2019, up 14% from $16.2 billion in the prior year quarter. Secured receivables represented $1.8 billion of the increase in ending net finance receivables from the prior year and were 52% of ending net finance receivables at December 31, 2019, up from 47% in the prior year quarter.

Average net finance receivables were $18.1 billion in the fourth quarter of 2019, up 13% from $16.0 billion in the prior year quarter.

Yield was 24.09% in the fourth quarter of 2019, up from 23.78% in the prior year quarter, generally reflecting continued stability in origination APR and continued improvement in late stage delinquency.

Interest income in the fourth quarter of 2019 was $1.1 billion, up from $959 million in the prior year quarter, reflecting higher average receivables and higher yield.

The provision for finance receivable losses was $289 million in the fourth quarter of 2019, up from $275 million in the prior year quarter, primarily as a result of higher average receivables.

1


The following information was filed by Onemain Holdings, Inc. (OMF) on Monday, February 10, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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