OMF OneMain Holdings Inc

00015842070000025598FALSEFALSE20222022FYFYhttp://fasb.org/us-gaap/2022#AccountingStandardsUpdate201613Memberhttp://fasb.org/us-gaap/2022#AccountingStandardsUpdate201613Memberhttp://fasb.org/us-gaap/2022#OtherAssetshttp://fasb.org/us-gaap/2022#OtherAssetshttp://fasb.org/us-gaap/2022#OtherLiabilitieshttp://fasb.org/us-gaap/2022#OtherLiabilities0P3Yhttp://fasb.org/us-gaap/2022#AccountingStandardsUpdate201613MemberP2YP1Y0000015842072022-01-012022-12-310001584207omf:OneMainFinanceCorporationMember2022-01-012022-12-3100015842072022-06-30iso4217:USD00015842072023-01-31xbrli:shares0001584207omf:OneMainFinanceCorporationMember2023-01-3100015842072022-12-3100015842072021-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-31iso4217:USDxbrli:shares00015842072021-01-012021-12-3100015842072020-01-012020-12-310001584207us-gaap:CommonStockMember2021-12-310001584207us-gaap:AdditionalPaidInCapitalMember2021-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001584207us-gaap:RetainedEarningsMember2021-12-310001584207us-gaap:TreasuryStockMember2021-12-310001584207us-gaap:TreasuryStockMember2022-01-012022-12-310001584207us-gaap:RetainedEarningsMember2022-01-012022-12-310001584207us-gaap:AdditionalPaidInCapitalMember2022-01-012022-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-12-310001584207us-gaap:CommonStockMember2022-12-310001584207us-gaap:AdditionalPaidInCapitalMember2022-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001584207us-gaap:RetainedEarningsMember2022-12-310001584207us-gaap:TreasuryStockMember2022-12-310001584207us-gaap:CommonStockMember2020-12-310001584207us-gaap:AdditionalPaidInCapitalMember2020-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001584207us-gaap:RetainedEarningsMember2020-12-310001584207us-gaap:TreasuryStockMember2020-12-3100015842072020-12-310001584207us-gaap:TreasuryStockMember2021-01-012021-12-310001584207us-gaap:AdditionalPaidInCapitalMember2021-01-012021-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-12-310001584207us-gaap:RetainedEarningsMember2021-01-012021-12-310001584207us-gaap:CommonStockMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMember2019-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001584207us-gaap:RetainedEarningsMember2019-12-310001584207us-gaap:TreasuryStockMember2019-12-3100015842072019-12-3100015842072019-01-012019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommonStockMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:RetainedEarningsMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:TreasuryStockMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMember2020-01-012020-12-310001584207us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-12-310001584207us-gaap:RetainedEarningsMember2020-01-012020-12-310001584207omf:OneMainFinanceCorporationMember2022-12-310001584207omf:OneMainFinanceCorporationMember2021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001584207omf:OneMainFinanceCorporationMember2021-01-012021-12-310001584207omf:OneMainFinanceCorporationMember2020-01-012020-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:CommonStockMember2021-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2021-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2022-01-012022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2022-01-012022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:CommonStockMember2022-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:CommonStockMember2020-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2020-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2020-12-310001584207omf:OneMainFinanceCorporationMember2020-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2021-01-012021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2021-01-012021-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:CommonStockMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2019-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2019-12-310001584207omf:OneMainFinanceCorporationMember2019-12-310001584207omf:OneMainFinanceCorporationMember2019-01-012019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommonStockMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:RetainedEarningsMember2019-12-310001584207omf:OneMainFinanceCorporationMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2019-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:OneMainFinanceCorporationMember2020-01-012020-12-310001584207us-gaap:AdditionalPaidInCapitalMemberomf:SpringleafMortgageHoldingCompanyMemberomf:OneMainFinanceCorporationMember2020-01-012020-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:RetainedEarningsMember2020-01-012020-12-310001584207us-gaap:CreditCardReceivablesMember2022-01-012022-12-310001584207us-gaap:ConsumerLoanMember2022-01-012022-12-31omf:payment0001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-01-010001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310001584207us-gaap:ConsumerLoanMembersrt:MinimumMember2022-01-012022-12-310001584207us-gaap:ConsumerLoanMembersrt:MaximumMember2022-01-012022-12-310001584207us-gaap:ConsumerLoanMember2022-12-310001584207us-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:ConsumerLoanMember2021-12-310001584207us-gaap:CreditCardReceivablesMember2021-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-01-012022-12-31xbrli:pure0001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2021-01-012021-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-01-012022-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberstpr:NCus-gaap:GeographicConcentrationRiskMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberstpr:NCus-gaap:GeographicConcentrationRiskMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberstpr:NCus-gaap:GeographicConcentrationRiskMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberstpr:NCus-gaap:GeographicConcentrationRiskMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:OH2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:OH2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:OH2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:OH2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:GA2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:GA2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:GA2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:GA2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IL2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IL2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IL2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IL2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:NY2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:NY2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:NY2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:NY2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IN2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IN2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IN2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberstpr:IN2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberomf:OtherStatesMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberomf:OtherStatesMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberomf:OtherStatesMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMemberomf:OtherStatesMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:ConsumerLoanMemberus-gaap:GeographicConcentrationRiskMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:CA2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:CA2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:CA2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:CA2021-01-012021-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-01-012022-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207stpr:TXus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:FL2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:FL2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:FL2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:FL2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberstpr:WAus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberstpr:WAus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberstpr:WAus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberstpr:WAus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:AZ2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:AZ2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:AZ2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberstpr:AZ2021-01-012021-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-01-012022-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207stpr:PAus-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberomf:OtherStatesMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberomf:OtherStatesMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberomf:OtherStatesMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMemberomf:OtherStatesMember2021-01-012021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2022-01-012022-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207us-gaap:LoansAndFinanceReceivablesMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:CreditCardReceivablesMember2021-01-012021-12-310001584207srt:MaximumMember2022-01-012022-12-310001584207us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConsumerLoanMember2022-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2022-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2022-01-012022-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2021-01-012021-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:PerformingFinancingReceivableMember2022-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001584207us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2022-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2022-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:PerformingFinancingReceivableMember2021-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001584207us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2021-12-310001584207us-gaap:ConsumerLoanMemberus-gaap:PerformingFinancingReceivableMember2021-12-310001584207us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001584207us-gaap:FinancialAssetNotPastDueMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:FinancialAssetNotPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001584207us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001584207us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CreditCardReceivablesMember2022-12-310001584207us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CreditCardReceivablesMember2021-12-310001584207us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001584207us-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001584207us-gaap:ContractualInterestRateReductionMember2022-01-012022-12-310001584207us-gaap:ContractualInterestRateReductionMember2021-01-012021-12-310001584207us-gaap:ContractualInterestRateReductionMember2020-01-012020-12-310001584207us-gaap:PrincipalForgivenessMember2022-01-012022-12-310001584207us-gaap:PrincipalForgivenessMember2021-01-012021-12-310001584207us-gaap:PrincipalForgivenessMember2020-01-012020-12-31omf:account0001584207us-gaap:ConsumerLoanMember2020-12-310001584207us-gaap:CreditCardReceivablesMember2020-12-310001584207us-gaap:ConsumerLoanMember2021-01-012021-12-310001584207us-gaap:CreditCardReceivablesMember2021-01-012021-12-310001584207us-gaap:ConsumerLoanMember2019-12-310001584207us-gaap:CreditCardReceivablesMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerLoanMember2019-12-310001584207srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CreditCardReceivablesMember2019-12-310001584207us-gaap:ConsumerLoanMember2020-01-012020-12-310001584207us-gaap:CreditCardReceivablesMember2020-01-012020-12-310001584207us-gaap:ConsumerLoanMember2022-01-012022-03-310001584207us-gaap:CreditCardReceivablesMember2022-01-012022-03-3100015842072022-01-012022-03-310001584207us-gaap:USTreasuryAndGovernmentMember2022-12-310001584207us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001584207us-gaap:CommercialPaperMember2022-12-310001584207us-gaap:ForeignGovernmentDebtSecuritiesMember2022-12-310001584207us-gaap:CorporateDebtSecuritiesMember2022-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMember2022-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310001584207us-gaap:CollateralizedDebtObligationsMember2022-12-310001584207us-gaap:USTreasuryAndGovernmentMember2021-12-310001584207us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001584207us-gaap:CommercialPaperMember2021-12-310001584207us-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310001584207us-gaap:CorporateDebtSecuritiesMember2021-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001584207us-gaap:CollateralizedDebtObligationsMember2021-12-31omf:investment0001584207us-gaap:PreferredStockMember2022-12-310001584207us-gaap:PreferredStockMember2021-12-310001584207us-gaap:CommonStockMember2022-12-310001584207us-gaap:CommonStockMember2021-12-310001584207us-gaap:TradeNamesMember2022-12-310001584207us-gaap:LicensingAgreementsMember2022-12-310001584207us-gaap:IntangibleAssetsArisingFromInsuranceContractsAcquiredInBusinessCombinationMember2022-12-310001584207us-gaap:OtherIntangibleAssetsMember2022-12-310001584207us-gaap:TradeNamesMember2021-12-310001584207us-gaap:IntangibleAssetsArisingFromInsuranceContractsAcquiredInBusinessCombinationMember2021-12-310001584207us-gaap:LicensingAgreementsMember2021-12-310001584207us-gaap:CustomerRelationshipsMember2021-12-310001584207us-gaap:OtherIntangibleAssetsMember2021-12-310001584207us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001584207us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001584207us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001584207us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001584207us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:JuniorSubordinatedDebtMember2022-12-310001584207us-gaap:JuniorSubordinatedDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001584207us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:JuniorSubordinatedDebtMember2021-12-310001584207us-gaap:JuniorSubordinatedDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001584207us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001584207us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001584207us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001584207us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001584207us-gaap:SeniorNotesMember2022-01-012022-12-310001584207us-gaap:SeniorNotesMember2021-01-012021-12-310001584207us-gaap:SeniorNotesMember2020-01-012020-12-310001584207us-gaap:SeniorNotesMember2022-12-310001584207us-gaap:SeniorNotesMember2021-12-310001584207us-gaap:JuniorSubordinatedDebtMember2022-01-012022-12-310001584207us-gaap:JuniorSubordinatedDebtMember2021-01-012021-12-310001584207us-gaap:JuniorSubordinatedDebtMember2020-01-012020-12-310001584207us-gaap:JuniorSubordinatedDebtMember2022-12-310001584207us-gaap:JuniorSubordinatedDebtMember2021-12-310001584207omf:SecuritizationMembersrt:MinimumMember2022-12-310001584207omf:SecuritizationMembersrt:MaximumMember2022-12-310001584207omf:PrivateSecuredTermFundingMember2022-12-310001584207omf:RevolvingConduitFacilitiesMembersrt:MinimumMember2022-12-310001584207us-gaap:MediumTermNotesMembersrt:MinimumMemberus-gaap:SeniorNotesMember2022-12-310001584207us-gaap:MediumTermNotesMemberus-gaap:SeniorNotesMembersrt:MaximumMember2022-12-310001584207omf:SecuritizationMember2022-12-310001584207omf:RevolvingConduitFacilitiesMember2022-12-310001584207us-gaap:MediumTermNotesMemberus-gaap:SeniorNotesMember2022-12-310001584207omf:RevolvingConduitFacilitiesMemberus-gaap:SeniorNotesMember2022-12-310001584207us-gaap:MediumTermNotesMemberus-gaap:SeniorNotesMember2022-01-012022-12-310001584207omf:EightPointEightSevenFivePercentSeniorNotesDueTwentyTwentyFiveMemberus-gaap:SeniorNotesMember2022-04-260001584207omf:EightPointEightSevenFivePercentSeniorNotesDueTwentyTwentyFiveMemberus-gaap:SeniorNotesMember2022-04-262022-04-260001584207omf:EightPointEightSevenFivePercentSeniorNotesDueTwentyTwentyFiveMemberus-gaap:SeniorNotesMember2022-04-012022-06-300001584207us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMemberomf:UnsecuredCorporateRevolvingConduitFacilityMemberomf:OneMainFinanceCorporationMember2022-06-150001584207us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMemberomf:UnsecuredCorporateRevolvingConduitFacilityMemberomf:OneMainFinanceCorporationMember2022-06-152022-06-150001584207us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMemberomf:UnsecuredCorporateRevolvingConduitFacilityMemberomf:OneMainFinanceCorporationMember2022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:JuniorSubordinatedDebtMember2007-01-310001584207omf:OneMainFinanceCorporationMemberus-gaap:JuniorSubordinatedDebtMember2007-01-012007-01-310001584207omf:OneMainFinanceCorporationMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:LondonInterbankOfferedRateLIBORMembersrt:MaximumMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-12-310001584207omf:OneMainFinanceCorporationMemberus-gaap:JuniorSubordinatedDebtMember2022-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-12-310001584207srt:MinimumMember2022-01-012022-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberomf:PrivateSecuredTermFundingMember2022-12-310001584207us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberomf:PrivateSecuredTermFundingMember2022-01-012022-12-310001584207us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-31omf:facility0001584207us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMember2022-12-31omf:state0001584207omf:TritonInsuranceCompanyMember2022-12-310001584207omf:UnearnedPremiumReservesMemberus-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMember2022-12-310001584207omf:UnearnedPremiumReservesMemberus-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMember2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMemberomf:ClaimsReserveMember2022-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMemberomf:ClaimsReserveMember2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMember2022-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberomf:PayabletoOMHMember2021-12-310001584207omf:ThirdPartyBeneficiariesMemberus-gaap:FinancialGuaranteeInsuranceSegmentMember2022-12-310001584207omf:ThirdPartyBeneficiariesMemberus-gaap:FinancialGuaranteeInsuranceSegmentMember2021-12-310001584207omf:NonFinancialGuaranteeInsuranceSegmentMember2022-12-310001584207omf:NonFinancialGuaranteeInsuranceSegmentMember2021-12-310001584207omf:NonAffiliatedEntityMember2022-12-310001584207omf:NonAffiliatedEntityMember2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractsAccidentYear2018Member2018-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractsAccidentYear2018Member2019-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractsAccidentYear2018Member2020-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractsAccidentYear2018Member2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractsAccidentYear2018Member2022-12-31omf:claim0001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2019Member2019-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2019Member2020-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2019Member2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2019Member2022-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2020Member2020-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2020Member2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2020Member2022-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2021Member2021-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMemberus-gaap:ShortDurationInsuranceContractAccidentYear2021Member2022-12-310001584207us-gaap:ShortDurationInsuranceContractAccidentYear2022Memberus-gaap:FinancialGuaranteeInsuranceSegmentMember2022-12-310001584207us-gaap:FinancialGuaranteeInsuranceSegmentMember2022-12-310001584207us-gaap:OtherShortdurationInsuranceProductLineMember2022-12-310001584207omf:TritonInsuranceCompanyMemberus-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2022-01-012022-12-310001584207omf:TritonInsuranceCompanyMemberus-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2021-01-012021-12-310001584207omf:TritonInsuranceCompanyMemberus-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2020-01-012020-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMemberomf:LifeAndAccidentAndHealthInsuranceSegmentMember2022-01-012022-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMemberomf:LifeAndAccidentAndHealthInsuranceSegmentMember2021-01-012021-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMemberomf:LifeAndAccidentAndHealthInsuranceSegmentMember2020-01-012020-12-310001584207omf:TritonInsuranceCompanyMemberus-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2022-12-310001584207omf:TritonInsuranceCompanyMemberus-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2021-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMemberomf:LifeAndAccidentAndHealthInsuranceSegmentMember2022-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMemberomf:LifeAndAccidentAndHealthInsuranceSegmentMember2021-12-310001584207omf:OneMainInsuranceSubsidiariesMember2022-01-012022-12-310001584207omf:OneMainInsuranceSubsidiariesMember2022-12-310001584207omf:TritonInsuranceCompanyMember2022-01-012022-12-310001584207omf:TritonInsuranceCompanyMember2021-01-012021-12-310001584207omf:TritonInsuranceCompanyMember2020-01-012020-12-310001584207omf:LifeAndHealthMember2022-01-012022-12-310001584207omf:LifeAndHealthMember2021-01-012021-12-310001584207omf:LifeAndHealthMember2020-01-012020-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMember2022-01-012022-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMember2021-01-012021-12-310001584207omf:AmericanHealthandLifeInsuranceCompanyMember2020-01-012020-12-31omf:class0001584207omf:OneMainHoldingsIncMember2022-12-310001584207us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310001584207us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-12-310001584207us-gaap:RestrictedStockUnitsRSUMember2020-01-012020-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2021-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2022-01-012022-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2020-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-01-012021-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2021-01-012021-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310001584207us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-12-310001584207us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-12-310001584207us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-12-310001584207us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-12-310001584207us-gaap:StateAndLocalJurisdictionMember2022-12-310001584207us-gaap:StateAndLocalJurisdictionMember2021-12-310001584207srt:MinimumMember2022-12-310001584207srt:MaximumMember2022-12-310001584207country:US2022-01-012022-12-310001584207country:US2021-01-012021-12-310001584207country:US2020-01-012020-12-310001584207country:USus-gaap:PensionPlansDefinedBenefitMember2022-01-012022-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2022-01-012022-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2021-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2020-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2019-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2021-01-012021-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2020-01-012020-12-310001584207us-gaap:PensionPlansDefinedBenefitMember2022-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:OverfundedPlanMember2022-01-012022-12-31omf:benefitPlan0001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:OverfundedPlanMember2022-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:OverfundedPlanMember2021-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:OverfundedPlanMember2020-12-310001584207us-gaap:UnderfundedPlanMemberus-gaap:PensionPlansDefinedBenefitMember2022-01-012022-12-310001584207us-gaap:UnderfundedPlanMemberus-gaap:PensionPlansDefinedBenefitMember2022-12-310001584207us-gaap:UnderfundedPlanMemberus-gaap:PensionPlansDefinedBenefitMember2021-12-310001584207us-gaap:UnderfundedPlanMemberus-gaap:PensionPlansDefinedBenefitMember2020-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:FixedIncomeSecuritiesMember2022-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanEquitySecuritiesMember2022-12-310001584207us-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310001584207us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310001584207us-gaap:FairValueInputsLevel12And3Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel1Member2022-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel12And3Member2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310001584207us-gaap:FairValueInputsLevel12And3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberomf:InvestmentGradeSecuritiesMember2022-12-310001584207omf:InvestmentGradeSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207omf:InvestmentGradeSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:FairValueInputsLevel12And3Memberomf:InvestmentGradeSecuritiesMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberomf:HighYieldSecuritiesMember2022-12-310001584207omf:HighYieldSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207omf:HighYieldSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:FairValueInputsLevel12And3Memberomf:HighYieldSecuritiesMember2022-12-310001584207us-gaap:FairValueInputsLevel1Member2022-12-310001584207us-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:FairValueInputsLevel12And3Member2022-12-310001584207us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2021-12-310001584207us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2021-12-310001584207us-gaap:FairValueInputsLevel12And3Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2021-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel1Member2021-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel12And3Member2021-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310001584207us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310001584207us-gaap:FairValueInputsLevel12And3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberomf:InvestmentGradeSecuritiesMember2021-12-310001584207omf:InvestmentGradeSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207omf:InvestmentGradeSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:FairValueInputsLevel12And3Memberomf:InvestmentGradeSecuritiesMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberomf:HighYieldSecuritiesMember2021-12-310001584207omf:HighYieldSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207omf:HighYieldSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:FairValueInputsLevel12And3Memberomf:HighYieldSecuritiesMember2021-12-310001584207us-gaap:FairValueInputsLevel1Member2021-12-310001584207us-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:FairValueInputsLevel12And3Member2021-12-310001584207us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310001584207us-gaap:RestrictedStockUnitsRSUMembersrt:MinimumMember2022-01-012022-12-310001584207us-gaap:RestrictedStockUnitsRSUMembersrt:MaximumMember2022-01-012022-12-310001584207omf:ServiceBasedAwardsMember2022-01-012022-12-310001584207omf:ServiceBasedAwardsMember2021-01-012021-12-310001584207omf:ServiceBasedAwardsMember2020-01-012020-12-310001584207omf:ServiceBasedAwardsMember2021-12-310001584207omf:ServiceBasedAwardsMember2022-12-310001584207srt:MedianMemberus-gaap:PerformanceSharesMember2022-01-012022-12-310001584207us-gaap:PerformanceSharesMembersrt:MaximumMember2022-01-012022-12-310001584207us-gaap:PerformanceSharesMember2022-01-012022-12-310001584207us-gaap:PerformanceSharesMember2021-01-012021-12-310001584207us-gaap:PerformanceSharesMember2020-01-012020-12-310001584207us-gaap:PerformanceSharesMember2021-12-310001584207us-gaap:PerformanceSharesMember2022-12-310001584207omf:CashSettledStockBasedAwardsMember2021-01-012021-12-310001584207us-gaap:EmployeeStockMember2022-01-010001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-12-310001584207us-gaap:CorporateNonSegmentMember2022-01-012022-12-310001584207us-gaap:MaterialReconcilingItemsMember2022-01-012022-12-310001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2022-12-310001584207us-gaap:CorporateNonSegmentMember2022-12-310001584207us-gaap:MaterialReconcilingItemsMember2022-12-310001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-12-310001584207us-gaap:CorporateNonSegmentMember2021-01-012021-12-310001584207us-gaap:MaterialReconcilingItemsMember2021-01-012021-12-310001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2021-12-310001584207us-gaap:CorporateNonSegmentMember2021-12-310001584207us-gaap:MaterialReconcilingItemsMember2021-12-310001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2020-01-012020-12-310001584207us-gaap:CorporateNonSegmentMember2020-01-012020-12-310001584207us-gaap:MaterialReconcilingItemsMember2020-01-012020-12-310001584207omf:ConsumerAndInsuranceSegmentMemberus-gaap:OperatingSegmentsMember2020-12-310001584207us-gaap:CorporateNonSegmentMember2020-12-310001584207us-gaap:MaterialReconcilingItemsMember2020-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:BondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207omf:CertificatesofDepositandCommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberomf:NonUSgovernmentandgovernmentsponsoredentitiesMember2021-12-310001584207us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:BondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:BondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:PreferredStockMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001584207us-gaap:CommonStockMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-31

FORM 10-K

For the fiscal year ended December 31, 2022

For the transition period from to

Commission file number

001-36129 (OneMain Holdings, Inc.)

Delaware (OneMain Holdings, Inc.)

27-3379612

Indiana (OneMain Finance Corporation)

35-0416090

(State of incorporation)

(I.R.S. Employer Identification No.)

OneMain Holdings, Inc.:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $0.01 per share

OMF

New York Stock Exchange

OneMain Finance Corporation: None

Securities registered pursuant to Section 12(g) of the Act: None

OneMain Holdings, Inc.                      Yes ☑ No ☐

OneMain Finance Corporation                     Yes ☑ No ☐

OneMain Holdings, Inc.                 Yes ☐ No ☑

OneMain Finance Corporation                 Yes ☐ No ☑

OneMain Holdings, Inc.                     Yes ☑ No ☐

OneMain Finance Corporation                     Yes ☑ No ☐

OneMain Holdings, Inc.                     Yes ☑ No ☐

OneMain Finance Corporation                     Yes ☑ No ☐

OneMain Holdings, Inc.:

Large accelerated filer

☑

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

OneMain Finance Corporation:

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☑

Smaller reporting company

☐

Emerging growth company

☐

OneMain Holdings, Inc.                  ☐

OneMain Finance Corporation                  ☐

OneMain Holdings, Inc.                  ☑

OneMain Finance Corporation                  ☐

OneMain Holdings, Inc.                  ☐

OneMain Finance Corporation                  ☐

OneMain Holdings, Inc.                  ☐

OneMain Finance Corporation                  ☐

OneMain Holdings, Inc.                 Yes ☐ No ☑

OneMain Finance Corporation                 Yes ☐ No ☑

The information required by Part III (Items 10, 11, 12, 13, and 14) of this Annual Report on Form 10-K is incorporated by reference from OneMain Holdings, Inc.'s Definitive Proxy Statement for its 2023 Annual Meeting to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.

TABLE OF CONTENTS

Forward-Looking Statements						7
PART I
Item 1.			Business			9
Item 1A.			Risk Factors			19
Item 1B.			Unresolved Staff Comments			33
Item 2.			Properties			33
Item 3.			Legal Proceedings			33
Item 4.			Mine Safety Disclosures			33
PART II
Item 5.			Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities			34
Item 6.			[Reserved]			35
Item 7.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			36
Item 7A.			Quantitative and Qualitative Disclosures About Market Risk			59
Item 8.			Financial Statements and Supplementary Data			60
			Report of Independent Registered Public Accounting Firm (OneMain Holdings, Inc.)			61
			Report of Independent Registered Public Accounting Firm (OneMain Finance Corporation)			63
			Financial Statements of OneMain Holdings, Inc. and Subsidiaries:
			Consolidated Balance Sheets			65
			Consolidated Statements of Operations			66
			Consolidated Statements of Comprehensive Income			67
			Consolidated Statements of Shareholders’ Equity			68
			Consolidated Statements of Cash Flows			69
			Financial Statements of OneMain Finance Corporation and Subsidiaries:
			Consolidated Balance Sheets			70
			Consolidated Statements of Operations			71
			Consolidated Statements of Comprehensive Income			72
			Consolidated Statements of Shareholder's Equity			73
			Consolidated Statements of Cash Flows			74
			Notes to the Consolidated Financial Statements			76
Item 9.			Changes in and Disagreements with Accountants on Accounting and Financial Disclosure			125
Item 9A.			Controls and Procedures			125
			Controls and Procedures of OneMain Holdings, Inc.			125
			Controls and Procedures of OneMain Finance Corporation			126
Item 9B.			Other Information			126
Item 9C.			Disclosure Regarding Foreign Jurisdictions that Prevent Inspections			126
PART III
Item 10.			Directors, Executive Officers and Corporate Governance			127
Item 11.			Executive Compensation			127
Item 12.			Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters			127
Item 13.			Certain Relationships and Related Transactions, and Director Independence			127
Item 14.			Principal Accountant Fees and Services			127
PART IV
Item 15.			Exhibits and Financial Statement Schedules			128
Item 16.			Form 10-K Summary			128

Term or Abbreviation						Definition
30-89 Delinquency ratio						net finance receivables 30-89 days past due as a percentage of net finance receivables
401(k) Plan						OneMain 401(k) Plan
ABO						accumulated benefit obligation
ABS						asset-backed securities
Adjusted pretax income (loss)						a non-GAAP financial measure used by management as a key performance measure of our segment
AHL						American Health and Life Insurance Company, an insurance subsidiary of OneMain Financial Holdings, LLC
Annual Report						this Annual Report on Form 10-K of OMH and OMFC for the fiscal year ended December 31, 2022, filed with the SEC on February 10, 2023
ASC						Accounting Standards Codification
ASU						Accounting Standards Update
ASU 2016-13						the accounting standard issued by FASB in June of 2016, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments
Average daily debt balance						average of debt for each day in the period
Average net receivables						average of monthly average net finance receivables (net finance receivables at the beginning and end of each month divided by two) in the period
Bps						basis points
Base Indenture						indenture, dated as of December 3, 2014, by and between OMFC and Wilmington Trust, National Association, as trustee, and guaranteed by OMH
Board						the OMH Board of Directors
C&I						Consumer and Insurance
CDO						collateralized debt obligations
CEO						chief executive officer
CFO						chief financial officer
CFPB						Consumer Financial Protection Bureau
CMBS						commercial mortgage-backed securities
Compensation Committee						the committee of the OMH Board of Directors, which oversees OMH's compensation programs
Corporate AMT						Corporate Alternative Minimum Tax, as implemented by the Inflation Reduction Act
COVID-19						the global outbreak of a novel strain of coronavirus, including variants thereof
CSR						Corporate Social Responsibility
Dodd-Frank Act						the Dodd-Frank Wall Street Reform and Consumer Protection Act
DOI						Department of Insurance
ERISA						Employee Retirement Income Security Act of 1974
ESP Plan						OneMain Employee Stock Purchase Plan, effective January 1, 2022
Excess Retirement Income Plan						Springleaf Financial Services Excess Retirement Income Plan
Exchange Act						Securities Exchange Act of 1934, as amended
FASB						Financial Accounting Standards Board
FICO						a credit score created by Fair Isaac Corporation
Fixed charge ratio						earnings less income taxes, interest expense, extraordinary items, goodwill impairment, and any amounts related to discontinued operations, divided by the sum of interest expense and any preferred dividends
GAAP						generally accepted accounting principles in the United States of America
GAP						guaranteed asset protection

Term or Abbreviation						Definition
GLBA						Gramm-Leach-Bliley Act
Gross charge-off ratio						annualized gross charge-offs as a percentage of average net receivables
Gross finance receivables						the unpaid principal balance of our personal loans. For precompute personal loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. Credit card gross finance receivables equal the principal balance and billed interest and fees
Guaranty Agreements						agreements entered into on December 30, 2013 by OMH whereby it agreed to fully and unconditionally guarantee the payments of principal, premium (if any), and interest on the Unsecured Notes
Indenture						the Base Indenture, together with all subsequent Supplemental Indentures
Investment Company Act						Investment Company Act of 1940
IRA						Inflation Reduction Act, signed into law on August 16, 2022
IRS						Internal Revenue Service
Junior Subordinated Debenture						$350 million aggregate principal amount of 60-year junior subordinated debt issued by OMFC under an indenture dated January 22, 2007, by and between OMFC and Deutsche Bank Trust Company, as trustee, and guaranteed by OMH
KBRA						Kroll Bond Rating Agency, Inc.
LIBOR						London Interbank Offered Rate
Managed receivables						consist of our C&I net finance receivables and finance receivables serviced for our whole loan sale partners
Military Lending Act						governs certain consumer lending to active-duty service members and covered dependents and limits, among other things, the interest rate that may be charged
Moody’s						Moody’s Investors Service, Inc.
NAV						net asset valuation
Net charge-off ratio						annualized net charge-offs as a percentage of average net receivables
Net interest income						interest income less interest expense
NQDC Plan						OneMain Nonqualified Deferred Compensation Plan, effective January 1, 2022
ODART						OneMain Direct Auto Receivables Trust
OMFC						OneMain Finance Corporation
OMFG						OneMain Financial Group, LLC
OMFH						OneMain Financial Holdings, LLC
OMFIT						OneMain Financial Issuance Trust
OMFIT 2022-S1						Social Securitization issued on April 27, 2022 in which we issued $600 million of principal amount of notes backed by personal loans
OMH						OneMain Holdings, Inc.
Omnibus Plan						OneMain Holdings, Inc. Amended 2013 Omnibus Incentive Plan, under which equity-based awards are granted to selected management employees, non-employee directors, independent contractors, and consultants
OneMain						OneMain Holdings, Inc. and OneMain Finance Corporation, collectively with their subsidiaries
OneMain Acquisition						Acquisition of OneMain Financial Holdings, LLC from CitiFinancial Credit Company, effective November 1, 2015
Open accounts						consist of credit card accounts that are not charged-off or closed accounts with a zero balance as of period end
Other securities						primarily consist of equity securities and those securities for which the fair value option was elected. Other securities recognize unrealized gains and losses in investment revenues
Pretax capital generation						a non-GAAP financial measure used by management as a key performance measure of our segment, defined as C&I adjusted pretax income (loss) excluding the change in C&I allowance for finance receivable losses
Private Secured Term Funding						$350 million aggregate principal amount of debt collateralized by our personal loans issued on April 25, 2022

Term or Abbreviation						Definition
Purchase volume						consists of credit card purchase transactions in the period, including cash advances, net of returns
Recovery ratio						annualized recoveries on net charge-offs as a percentage of average net receivables
RMBS						residential mortgage-backed securities
RSUs						restricted stock units
S&P						S&P Global Ratings (formerly known as Standard & Poor’s Ratings Service)
SEC						U.S. Securities and Exchange Commission
Securities Act						Securities Act of 1933, as amended
Segment Accounting Basis						a basis used to report the operating results of our C&I segment and our Other components, which reflects our allocation methodologies for certain costs and excludes the impact of applying purchase accounting
SERP						Supplemental Executive Retirement Plan
Social Bond						$750 million of 3.50% Senior Notes due 2027 issued by OMFC on June 22, 2021 and guaranteed by OMH
SOFR						Secured Overnight Financing Rate
SpringCastle Portfolio						loans the Company previously owned and now services on behalf of a third party
Springleaf						OMH and its subsidiaries (other than OneMain)
Stockholders Agreement						Amended and Restated Stockholders Agreement dated as of June 25, 2018 between OneMain Holdings, Inc. and OMH Holdings, L.P.
Supplemental Indentures						collectively, the following supplements to the Base Indenture: Fourth Supplemental Indenture, dated as of December 8, 2017; Fifth Supplemental Indenture, dated as of March 12, 2018; Sixth Supplemental Indenture, dated as of May 11, 2018; Seventh Supplemental Indenture, dated as of February 22, 2019; Eighth Supplemental Indenture, dated as of May 9, 2019; Ninth Supplemental Indenture, dated as of November 7, 2019; Eleventh Supplemental Indenture, dated as of December 17, 2020; Twelfth Supplemental Indenture, dated as of June 22, 2021; and Thirteenth Supplemental Indenture, dated as of August 11, 2021
Tangible equity						total equity less accumulated other comprehensive income or loss
Tangible managed assets						total assets less goodwill and other intangible assets
Tax Act						Public Law 115-97 amending the Internal Revenue Code of 1986
TDR finance receivables						troubled debt restructured finance receivables. Debt restructuring in which a concession is granted to the borrower as a result of economic or legal reasons related to the borrower’s financial difficulties
TILA						Truth In Lending Act
Triton						Triton Insurance Company, an insurance subsidiary of OneMain Financial Holdings, LLC
Trust preferred securities						capital securities classified as debt for accounting purposes but due to their terms are afforded, at least in part, equity capital treatment in the calculation of effective leverage by rating agencies
Unearned finance charges						the amount of interest that is capitalized at time of origination on a precompute loan that will be earned over the remaining contractual life of the loan
Unencumbered loans						unencumbered gross finance receivables excluding credit cards
Unsecured corporate revolver						unsecured revolver with a maximum borrowing capacity of $1.25 billion, payable and due on October 25, 2026
Unsecured Notes						the notes, on a senior unsecured basis, issued by OMFC and guaranteed by OMH
VIEs						variable interest entities
VOBA						value of business acquired
Weighted average interest rate						annualized interest expense as a percentage of average debt
XBRL						eXtensible Business Reporting Language
Yield						annualized finance charges as a percentage of average net receivables

Forward-Looking Statements

•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-attacks, war, or other disruptions;

•the adequacy of our credit risk scoring models;

•risks associated with the coronavirus (“COVID-19”) pandemic and the measures taken in response thereto;

•geopolitical risks, including recent geopolitical actions outside the U.S.;

•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 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.

Item 1. Business.

Our branch network of approximately 1,400 locations in 44 states is staffed with expert personnel and is complemented by our online lending and servicing capabilities and centralized operations staff, which allow us to serve customers in person, digitally, and over the phone. Our digital platform provides our current and prospective customers with the option of applying for our products via our website, www.omf.com.

Products and Services. Our personal loan business comprises products and services that have performed well through various market conditions. Our personal loans are non-revolving, with a fixed rate, have fixed terms generally between three to six years, and are secured by automobiles, other titled collateral, or are unsecured. Our loans have no pre-payment penalties. Credit cards are open-ended, revolving, with a fixed rate, and are unsecured.

•Credit life insurance — Insures the life of the borrower in an amount typically equal to the unpaid balance of the finance receivable and provides for payment to the lender of the finance receivable in the event of the borrower’s death.

•Credit disability insurance — Provides scheduled monthly loan payments to the lender during borrower’s disability due to illness or injury.

•Credit involuntary unemployment insurance — Provides scheduled monthly loan payments to the lender during borrower’s involuntary unemployment.

We offer optional membership plans from an unaffiliated company. We have no direct risk of loss on these membership plans, and these plans are not considered insurance products. We recognize income from this product in Other revenues — other in our consolidated statements of operations. The unaffiliated company providing these membership plans is responsible for any required reimbursement to the customer.

Customer Development. We staff each of our branch locations with local well-trained personnel, including professionals who have significant experience in the industry. Our business benefits from an origination and servicing process that leverages our local community presence. Our customers often develop a relationship with their local office representatives, which we believe not only improves the credit performance of our personal loans but also improves customer loyalty and the longer term relationship.

Our digital platform allows current and prospective customers the ability to apply for and close a personal loan online, at www.omf.com. Our digital user experience includes video, chat, and co-browsing with customers. These tools simplify and optimize the customer experience.

Credit Risk. Credit quality is driven by our long-standing underwriting philosophy, which considers a prospective customer’s willingness to pay and the capacity to repay the personal loan. We use credit risk scoring models at the time of the credit application to assess the applicant’s likelihood of repaying the loan. We develop these models using numerous factors, including past customer credit repayment experience and application data, and periodically revalidate these models based on recent portfolio performance. Our underwriting process for our personal loans also includes an assessment of the applicant’s income and expenses to ensure he or she has the capacity to repay the loan. We obtain a security interest in titled property for our secured personal loans.

Account Servicing. Account servicing and collections for our finance receivables are handled at the branch location, in our centralized service centers, through our digital platform, or third-party servicers. Servicing and collection activity is conducted and documented on systems that log and maintain a permanent record of all transactions and may also be used to assess a customer’s application. The systems permit branch office management to review the individual and collective performance of branch locations for which they are responsible.

•our operational policies and procedures that standardize various aspects of lending and collections;

•our branch finance receivable systems control loan size, interest rates, maturity dates, and fees of our customers’ accounts; create loan documents specific to the state in which the branch location operates or to the customer’s location if the loan is made electronically through our centralized operations; and control cash receipts and disbursements;

•our accounting personnel reconcile bank accounts, investigate discrepancies, and resolve differences;

•our credit risk management system reports allow us to track individual branch location performance and to monitor lending and collection activities;

•our privacy and information security incident response plan establishes a privacy and information security response team that responds to information security incidents by identifying, evaluating, responding to, investigating, and resolving information security incidents impacting our information systems;

•our executive information system is available to headquarters and field operations management to review the status of activity through the close of business of the prior day;

•our branch operations management structure, Regional Quality Coordinators, and Compliance Field Examination teams are designed to oversee a large, decentralized organization with succeeding levels of supervision and are staffed with experienced personnel;

•our branch and central operations compensation plans are based on credit quality and compliance, and are regularly reviewed for consistency with overall corporate goals and customer service;

•our compliance department assesses our compliance with federal and state laws and regulations and our internal policies and procedures; oversees training to ensure team members have a sufficient level of understanding of such laws, regulations, policies, and procedures that impact their job responsibilities; and manages our state regulatory examination process;

•our Executive Office of Customer Care maintains our consumer complaint resolution and reporting process; and

•our internal audit department audits our business for adherence to operational policies and procedures, and compliance with federal and state laws and regulations.

•the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") (which, among other things, created the Consumer Finance Protection Bureau (“CFPB”));

•the Equal Credit Opportunity Act (which, among other things, prohibits discrimination against creditworthy applicants) and Regulation B, which implements this statute;

•the Fair Credit Reporting Act (which, among other things, governs the use of credit bureau reports and reporting information to credit bureaus) and Regulation V, which implements this statute;

•the Truth in Lending Act (which, among other things, governs disclosure of applicable charges and other terms of consumer credit) and Regulation Z, which implements this statute;

•the Fair Debt Collection Practices Act (which, among other things, governs practices in collecting certain debts) and Regulation F, which implements this statute;

•the Gramm-Leach-Bliley Act (which, among other things, governs the handling of personal financial information) and Regulation P, which implements this statute;

•the Military Lending Act (which, among other things, governs certain consumer lending to active-duty military servicemembers and their spouses and covered dependents, and limits the interest rate and certain fees, charges and premium they may be charged on certain loans);

•the Servicemembers Civil Relief Act (which, among other things, can impose limitations on the interest rate and the servicer’s ability to collect on a loan originated with an obligor who is on active-duty status and up to nine months thereafter);

•the Real Estate Settlement Procedures Act (which regulates the making and servicing of closed end residential mortgage loans) and Regulation X, which implements this statute;

•the Federal Trade Commission’s Consumer Claims and Defenses Rule, also known as the “Holder in Due Course” Rule (which, among other things, allows a consumer to assert, against the assignees of certain credit contracts, certain claims that the consumer may have against the originator of the credit contracts); and

•the Federal Trade Commission Act (which, among other things, prohibits unfair and deceptive acts and practices).

•provide for state licensing and periodic examination of lenders and loan originators, including state laws adopted or amended to comply with licensing requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (which, in some states, requires licensing of individuals who perform real estate loan modifications);

•require the filing of reports with regulators and compliance with state regulatory capital requirements;

•impose maximum term, amount, interest rate, and limit other charges;

•impose consumer privacy rights and other obligations that may require us to notify customers, employees, state attorneys general, regulators, and others in the event of a security breach;

•regulate whether and under what circumstances we may offer insurance and other optional products in connection with a lending transaction; and

•provide for additional consumer protections.

•licensing;

•conduct of business, including marketing and sales practices;

•periodic financial and market conduct examination of the affairs of insurers;

•form and content of required financial reports;

•standards of solvency;

•limitations on the payment of dividends and other affiliate transactions;

•types of products offered;

•approval of policy forms and premium rates;

•formulas used to calculate any unearned premium refund due to an insured customer;

•permissible investments;

•deposits of securities for the benefit of policyholders;

•reserve requirements for unearned premiums, losses, and other purposes; and

•claims processing.

•licensing;

•conduct of business, including marketing and sales practices;

•periodic financial and market conduct examination of the affairs of insurers;

•form and content of required financial reports;

•standards of solvency;

•limitations on the payment of dividends and other affiliate transactions;

•types of products offered; and

•reserve requirements for unearned premiums, losses, and other purposes.

OMH and OMFC file annual, quarterly, current reports, and other information with the SEC. OMH also files proxy statements. The SEC’s website, www.sec.gov, contains these reports and other information that registrants (including OMH and OMFC) file electronically with the SEC.

These reports are also available free of charge through our website, www.omf.com under “Investor Relations,” as soon as reasonably practicable after we file them with, or furnish them to, the SEC.

In addition, OMH's Code of Business Conduct and Ethics (the “Code of Ethics”), Code of Ethics for Principal Executive and Senior Financial Officers (the “Financial Officers’ Code of Ethics”), Corporate Governance Guidelines and the charters of the committees of the Board are posted on our website at www.omf.com under “Investor Relations” and printed copies are available upon request. We intend to disclose any material amendments to or waivers of OMH Code of Ethics and Financial Officers’ Code of Ethics requiring disclosure under applicable SEC or NYSE rules on our website within four business days of the date of any such amendment or waiver in lieu of filing a Form 8-K pursuant to Item 5.05 thereof.

Item 1A. Risk Factors.

We maintain an allowance for finance receivable losses, which is a critical accounting estimate and requires us to use significant estimates and assumptions to determine the appropriate level of allowance. To estimate the appropriate level of allowance for finance receivable losses, we consider known and relevant internal and external factors that affect finance receivable collectability, including the total amount of finance receivables outstanding, historical finance receivable charge-offs, our current collection patterns, and current and forecasted economic trends. Our methodology for establishing our allowance for finance receivable losses is based on the guidance from Accounting Standards Codification (“ASC”) 326, Financial Instruments – Credit Losses, which requires us to measure expected credit losses for financial assets at each reporting date. The allowance is primarily based on historical experience, current conditions, and our reasonable and supportable forecast of economic conditions. If customer behavior changes as a result of economic conditions and if we are unable to accurately

Our business relies heavily on information systems to deliver products and services to our customers, and to manage our operations. These systems may encounter service disruptions due to system, network or software failure, security breaches, cyber-attacks, ransomware, computer viruses, accidents, power disruptions, telecommunications failures, acts of terrorism or war, physical or electronic break-ins, or other events, disruptions, or intrusions. In addition, denial-of-service attacks could overwhelm our internet sites and prevent us from adequately serving customers. Cyber-attacks, including ransomware, are constantly evolving, increasing the difficulty of detecting and successfully defending against them. We also may face new or heightened risk due to the increase in our remote workforce and digital operations. We may have no current capability to detect certain vulnerabilities, which may allow them to persist in our system environment over long periods of time. Cyber-attacks can have cascading impacts that unfold with increasing speed across our computer systems and networks and those of our third-party vendors. System redundancy and other continuity measures may be ineffective or inadequate, and our business continuity and disaster recovery planning may not be sufficient to adequately address the disruption. A disruption could impair our ability to offer and process our loans, provide customer service, perform collections or other necessary business activities, which could result in a loss of customer business, subject us to additional regulatory scrutiny, or expose us to civil litigation and possible financial liability, or otherwise materially adversely affect our financial condition and results of operations.

•it may require us to dedicate a larger portion of our cash flows from operations to pay our indebtedness, which reduces the funds available for other purposes, including finance receivable originations and capital returns;

•our ability to generate sufficient cash to service all of our outstanding debt;

•our inability to grow our personal loan portfolio with adequate profitability to fund operations, loan losses, and other expenses;

•the issuance of blank check preferred stock by the Board from time to time in one or more series and to establish the terms, preferences and rights of any such series of preferred stock, all without approval of OMH stockholders. Nothing in OMH's restated certificate of incorporation precludes future issuances without stockholder approval of the authorized but unissued shares of OMH's common stock.

Item 1B. Unresolved Staff Comments.

Item 2. Properties.

Item 3. Legal Proceedings.

Item 4. Mine Safety Disclosures.

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Period						Total Number of Shares Purchased						Average Price  paid per Share						Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a)						Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (a)
October 1 - October 31						659,386						$	31.85					659,386						$	761,198,965
November 1 - November 30						480,726						37.79						480,726						743,032,987
December 1 - December 31						481,529						36.34						481,529						725,533,397
Total						1,621,641						$	34.94					1,621,641

			At December 31,
			2017			2018			2019			2020			2021			2022
OneMain Holdings, Inc.			$	100.00		$	93.46		$	175.88		$	238.02		$	294.29		$	214.36
NYSE Composite Index			100.00			91.21			114.70			122.83			148.42			134.75
NYSE Financial Sector Index			100.00			86.93			112.73			110.21			138.03			120.56

Item 6. [Reserved]

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Topic						Page
Overview						37
Recent Developments and Outlook						39
Results of Operations						41
Segment Results						44
Credit Quality						46
Liquidity and Capital Resources						51
Critical Accounting Policies and Estimates						57
Recent Accounting Pronouncements						58
Seasonality						58

Overview

•Personal Loans — We offer personal loans through our branch network, centralized operations, and our website, www.omf.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 titled collateral, or are unsecured. At December 31, 2022, we had approximately 2.33 million personal loans totaling $19.9 billion of net finance receivables, of which 52% were secured by titled property, compared to approximately 2.34 million personal loans totaling $19.2 billion of net finance receivables, of which 52% were secured by titled property at December 31, 2021. We also service personal loans for our whole loan sale partners.

•Credit Cards — We offer credit cards through a third-party bank partner from which we purchase the receivable balances. The credit cards are offered through our branch network, direct mail marketing, and direct-to-consumer via our affiliates. Credit cards are open-ended, revolving, with a fixed rate, and are unsecured. At December 31, 2022, we had approximately 135 thousand open credit card customer accounts, totaling $107 million of net finance receivables, compared to approximately 66 thousand open credit card customer accounts, totaling $25 million of net finance receivables at December 31, 2021.

•Insurance 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 centralized operations. Credit insurance and non-credit insurance products are provided by our affiliated insurance companies. We offer GAP coverage as a waiver product or insurance. We also offer optional membership plans from an unaffiliated company.

Recent Developments and Outlook

Results of Operations

(dollars in millions, except per share amounts)
At or for the Years Ended December 31,																		2022						2021						2020
Interest income																		$	4,435					$	4,364					$	4,368
Interest expense																		892						937						1,027
Provision for finance receivable losses																		1,402						593						1,319
Net interest income after provision for finance receivable losses																		2,141						2,834						2,022
Other revenues																		629						531						526
Other expenses																		1,607						1,624						1,571
Income before income taxes																		1,163						1,741						977
Income taxes																		285						427						247
Net income																		$	878					$	1,314					$	730
Share Data:
Earnings per share:
Diluted																		$	7.06					$	9.87					$	5.41
Selected Financial Statistics (a)
Total finance receivables:
Net finance receivables																		$	19,986					$	19,212					$	18,084
Average net receivables																		$	19,440					$	18,281					$	17,997
Yield																		22.79		%				23.84		%				24.24		%
Gross charge-off ratio																		7.40		%				5.41		%				6.46		%
Recovery ratio																		(1.29)		%				(1.21)		%				(0.92)		%
Net charge-off ratio																		6.10		%				4.20		%				5.54		%
Personal loans:
Net finance receivables																		$	19,879					$	19,187					$	18,084
Origination volume																		$	13,879					$	13,825					$	10,729
Number of accounts																		2,334,097						2,336,845						2,304,951
Number of accounts originated																		1,365,989						1,388,123						1,099,767
30-89 Delinquency ratio																		3.07		%				2.43		%				2.28		%
Credit cards (b):
Net finance receivables																		$	107					$	25					$	—
Purchase volume																		$	172					$	26					$	—
Number of open accounts																		135,335						65,513						—
30-89 Delinquency ratio																		5.90		%				0.08		%				—		%
Debt balances:
Long-term debt balance																		$	18,281					$	17,750					$	17,800
Average daily debt balance																		$	17,854					$	17,441					$	18,080

(a)    See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios.

(b)    There were no credit cards for the year ended December 31, 2020, as the product offering began in 2021.

Comparison of Consolidated Results for 2022 and 2021

Interest income increased $71 million or 2% in 2022 when compared to 2021 primarily due to growth in our loan portfolio, partially offset by lower yield.

Interest expense decreased $45 million or 5% in 2022 when compared to 2021 primarily due to a lower average cost of funds, partially offset by an increase in average debt.

Provision for finance receivable losses increased $809 million or 136% in 2022 when compared to 2021 primarily driven by higher net charge-offs and an increase in the allowance for finance receivable losses due to the weakened macroeconomic environment and growth in the portfolio.

Other revenues increased $98 million or 18% in 2022 when compared to 2021 primarily due to an increase in gains on the sales of finance receivables and an increase in servicing revenue associated with the whole loan sale program as a result of more loans sold in the current period and lower net losses on the repurchases and repayments of debt in the current period compared to the prior year period.

Other expenses decreased $17 million or 1% in 2022 when compared to 2021 primarily due to a decrease in insurance policy and benefits claims expense due to favorable experiences in credit life and term life products, the prior year expense associated with the cash-settled stock-based awards not present in the current year, and a decrease in amortization expense of other intangibles primarily due to the customer relationships intangible asset being fully amortized in the prior year. The decrease was partially offset by an increase in salaries and benefits expense and an increase in software and technology expense driven by the continued investment in our business.

Income taxes totaled $285 million for 2022 compared to $427 million for 2021. The effective tax rate for 2022 was 24.5% compared to 24.6% for 2021. The effective tax rate for 2022 and 2021 differed from the federal statutory rate of 21% primarily due to the effect of state income taxes.

(dollars in millions)
Years Ended December 31,																		2022						2021						2020
Consumer and Insurance
Income before income taxes - Segment Accounting Basis																		$	1,177					$	1,788					$	1,021
Adjustments:
Net loss on repurchases and repayments of debt																		26						70						36
Restructuring charges																		7						—						7
Direct costs associated with COVID-19																		4						6						17
Cash-settled stock-based awards																		—						54						—
Acquisition-related transaction and integration expenses																		—						—						11
Adjusted pretax income (non-GAAP)																		1,214						1,918						1,092
Provision for finance receivable losses																		1,399						587						1,313
Net charge-offs																		(1,186)						(768)						(998)
Pretax capital generation (non-GAAP)																		$	1,427					$	1,737					$	1,407

Segment Results

(dollars in millions)
At or for the Years Ended December 31,																		2022						2021						2020
Interest income																		$	4,429					$	4,355					$	4,353
Interest expense																		886						930						1,007
Provision for finance receivable losses																		1,399						587						1,313
Net interest income after provision for finance receivable losses																		2,144						2,838						2,033
Other revenues																		644						597						551
Other expenses																		1,574						1,517						1,492
Adjusted pretax income (non-GAAP)																		$	1,214					$	1,918					$	1,092
Selected Financial Statistics (a)
Total finance receivables:
Net finance receivables																		$	19,987					$	19,215					$	18,091
Average net receivables																		$	19,442					$	18,286					$	18,009
Yield																		22.78		%				23.82		%				24.17		%
Gross charge-off ratio																		7.40		%				5.42		%				6.46		%
Recovery ratio																		(1.29)		%				(1.21)		%				(0.92)		%
Net charge-off ratio																		6.10		%				4.20		%				5.54		%
Personal loans:
Net finance receivables																		$	19,880					$	19,190					$	18,091
Origination volume																		$	13,879					$	13,825					$	10,729
Number of accounts																		2,334,097						2,336,845						2,304,951
Number of accounts originated																		1,365,989						1,388,123						1,099,767
30-89 Delinquency ratio																		3.07		%				2.43		%				2.28		%
Credit cards (b):
Net finance receivables																		$	107					$	25					$	—
Purchase volume																		$	172					$	26					$	—
Number of open accounts																		135,335						65,513						—
30-89 Delinquency ratio																		5.90		%				0.08		%				—		%

(a)    See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios.

(b)    There were no credit cards for the year ended December 31, 2020, as the product offering began in 2021.

Interest income increased $74 million or 2% in 2022 when compared to 2021 primarily due to growth in our loan portfolio, partially offset by lower yield.

Interest expense decreased $44 million or 5% in 2022 when compared to 2021 primarily due to a lower average cost of funds, partially offset by an increase in average debt.

Provision for finance receivable losses increased $812 million or 138% in 2022 when compared to 2021 primarily driven by higher net charge-offs and an increase in the allowance for finance receivable losses due to the weakened macroeconomic environment and growth in the portfolio.

Other revenues increased $47 million or 8% in 2022 when compared to 2021 primarily due to an increase in gains on the sales of finance receivables and an increase in servicing revenue associated with the whole loan sale program as a result of more loans sold in the current period.

Other expenses increased $57 million or 4% in 2022 when compared to 2021 primarily due to an increase in salaries and benefits expense and an increase in software and technology expense driven by the continued investment in our business. The increase was partially offset by a decrease in insurance policy and benefits claims expense primarily due to favorable experiences in credit life and term life products.

Credit Quality

The delinquency information for net finance receivables on a Segment Accounting Basis was as follows:

						Consumer and Insurance
(dollars in millions)						Personal Loans						Credit Cards
December 31, 2022
Current						$	18,726					$	93
30-59 days past due						357						3
60-89 days past due						253						3
90+ days past due						544						8
Total net finance receivables						$	19,880					$	107
Delinquency ratio
30-89 days past due						3.07		%				5.90		%
30+ days past due						5.80		%				13.08		%
60+ days past due						4.01		%				9.69		%
90+ days past due						2.74		%				7.18		%
December 31, 2021
Current						$	18,340					$	25
30-59 days past due						282						—
60-89 days past due						185						—
90+ days past due						383						—
Total net finance receivables						$	19,190					$	25
Delinquency ratio
30-89 days past due						2.43		%				0.08		%
30+ days past due						4.43		%				0.08		%
60+ days past due						2.96		%				—		%
90+ days past due						2.00		%				—		%