OneMain (OMF) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 22, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-36129
Entity Registrant Name	ONEMAIN HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-3379612
Entity Address, Address Line One	601 N.W. Second Street
Entity Address, City or Town	Evansville
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47708
City Area Code	812
Local Phone Number	424-8031
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	OMF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		119,352,366
Entity Central Index Key	0001584207
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
OMFC
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-06155
Entity Registrant Name	ONEMAIN FINANCE CORPORATION
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0416090
Entity Address, Address Line One	601 N.W. Second Street
Entity Address, City or Town	Evansville
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47708
City Area Code	812
Local Phone Number	424-8031
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,160,021
Entity Central Index Key	0000025598
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 577	$ 1,014
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.5 billion and $1.6 billion in 2024, respectively, and $1.6 billion and $1.8 billion in 2023, respectively)	1,581	1,719
Net finance receivables (includes loans of consolidated VIEs of $14.2 billion in 2024 and $12.8 billion in 2023)	23,075	21,349
Unearned insurance premium and claim reserves	(765)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.6 billion in 2024 and $1.4 billion in 2023)	(2,645)	(2,480)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	19,665	18,098
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $662 million in 2024 and $523 million in 2023)	693	534
Goodwill	1,474	1,437
Other intangible assets	288	260
Other assets	1,300	1,232
Total assets	25,578	24,294
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $12.7 billion in 2024 and $11.6 billion in 2023)	21,137	19,813
Insurance claims and policyholder liabilities	597	615
Deferred and accrued taxes	29	9
Other liabilities (includes other liabilities of consolidated VIEs of $30 million in 2024 and $26 million in 2023)	607	671
Total liabilities	22,370	21,108
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 119,403,628 and 119,757,277 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1	1
Additional paid-in capital	1,728	1,715
Accumulated other comprehensive loss	(59)	(87)
Retained earnings	2,295	2,285
Treasury stock, at cost; 16,006,456 and 15,383,804 shares at September 30, 2024 and December 31, 2023, respectively	(757)	(728)
Total shareholders’ equity	3,208	3,186
Total liabilities and shareholders’ equity	$ 25,578	$ 24,294

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investment securities, fair value	$ 1,508	$ 1,647
Investment securities, amortized cost basis	1,579	1,765
Net finance receivables	23,075	21,349
Financing receivable, allowance for credit loss	2,645	2,480
Restricted cash and restricted cash equivalents	693	534
Long-term debt	21,137	19,813
Other liabilities	$ 607	$ 671
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	119,403,628	119,757,277
Common stock, shares outstanding (in shares)	119,403,628	119,757,277
Treasury stock at cost (in shares)	16,006,456	15,383,804
Consolidated VIEs
Net finance receivables	$ 14,159	$ 12,780
Financing receivable, allowance for credit loss	1,631	1,428
Restricted cash and restricted cash equivalents	662	523
Long-term debt	12,656	11,579
Other liabilities	$ 30	$ 26

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Interest income	$ 1,282	$ 1,167	$ 3,673	$ 3,377
Interest expense	301	267	874	749
Net interest income	981	900	2,799	2,628
Provision for finance receivable losses	512	410	1,518	1,275
Net interest income after provision for finance receivable losses	469	490	1,281	1,353
Other revenues:
Insurance	111	113	334	335
Investment	24	32	87	83
Gain on sales of finance receivables	6	11	18	42
Net gain (loss) on repurchases and repayments of debt	(1)	0	(15)	1
Other	42	29	112	87
Total other revenues	182	185	536	548
Other expenses:
Salaries and benefits	220	217	649	649
Other operating expenses	181	164	525	494
Insurance policy benefits and claims	43	48	140	139
Total other expenses	444	429	1,314	1,282
Income before income taxes	207	246	503	619
Income taxes	50	52	120	143
Net income	$ 157	$ 194	$ 383	$ 476
Weighted average number of shares outstanding:
Basic (in shares)	119,674,809	120,407,889	119,763,844	120,571,103
Diluted (in shares)	120,118,107	120,754,694	120,182,653	120,790,485
Earnings per share:
Basic (in dollars per share)	$ 1.32	$ 1.61	$ 3.20	$ 3.95
Diluted (in dollars per share)	$ 1.31	$ 1.61	$ 3.18	$ 3.94

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 157	$ 194	$ 383	$ 476
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	53	(28)	44	(19)
Foreign currency translation adjustments	2	(4)	(3)	0
Changes in discount rate for insurance claims and policyholder liabilities	(10)	8	(5)	15
Other	(2)	4	(3)	2
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(11)	6	(9)	4
Foreign currency translation adjustments	0	1	1	0
Changes in discount rate for insurance claims and policyholder liabilities	2	(1)	1	(3)
Other	0	(1)	0	(1)
Other comprehensive income (loss), net of tax, before reclassification adjustments	34	(15)	26	(2)
Reclassification adjustments included in net income, net of tax:
Net realized losses on available-for-sale securities, net of tax	2	0	2	0
Reclassification adjustments included in net income, net of tax	2	0	2	0
Other comprehensive income (loss), net of tax	36	(15)	28	(2)
Comprehensive income	$ 193	$ 179	$ 411	$ 474

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Millions		Total	Net Impact of Adoption of ASU 2022-02	[1]	Cumulative Effect, Period Of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period Of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period Of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period Of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Net Impact of Adoption of ASU 2022-02	[1]	Retained Earnings Cumulative Effect, Period Of Adoption, Adjusted Balance	Treasury Stock	Treasury Stock Cumulative Effect, Period Of Adoption, Adjusted Balance
Balance at beginning of period at Dec. 31, 2022		$ 3,015	$ 12		$ 3,027	$ 1	$ 1	$ 1,689	$ 1,689	$ (127)	$ (127)	$ 2,119	$ 12		$ 2,131	$ (667)	$ (667)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased		(45)														(45)
Treasury stock issued		2										(1)				3
Share-based compensation expense, net of forfeitures		27						27
Withholding tax on share-based compensation		(10)						(10)
Other comprehensive income (loss)		(2)								(2)
Cash dividends	[2]	(366)										(366)
Net income		476										476
Balance at end of period at Sep. 30, 2023		3,109				1		1,706		(129)		2,240				(709)
Balance at beginning of period at Jun. 30, 2023		3,058				1		1,702		(114)		2,168				(699)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased		(11)														(11)
Treasury stock issued		1														1
Share-based compensation expense, net of forfeitures		6						6
Withholding tax on share-based compensation		(2)						(2)
Other comprehensive income (loss)		(15)								(15)
Cash dividends	[3]	(122)										(122)
Net income		194										194
Balance at end of period at Sep. 30, 2023		3,109				1		1,706		(129)		2,240				(709)
Balance at beginning of period at Dec. 31, 2023		3,186				1		1,715		(87)		2,285				(728)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased		(32)														(32)
Treasury stock issued		3														3
Share-based compensation expense, net of forfeitures		23						23
Withholding tax on share-based compensation		(10)						(10)
Other comprehensive income (loss)		28								28
Cash dividends	[2]	(373)										(373)
Net income		383										383
Balance at end of period at Sep. 30, 2024		3,208				1		1,728		(59)		2,295				(757)
Balance at beginning of period at Jun. 30, 2024		3,153				1		1,723		(95)		2,263				(739)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchased		(19)														(19)
Treasury stock issued		1														1
Share-based compensation expense, net of forfeitures		7						7
Withholding tax on share-based compensation		(2)						(2)
Other comprehensive income (loss)		36								36
Cash dividends	[3]	(125)										(125)
Net income		157										157
Balance at end of period at Sep. 30, 2024		$ 3,208				$ 1		$ 1,728		$ (59)		$ 2,295				$ (757)
[1] (b) As a result of the adoption of ASU 2022-02, we recorded a one-time cumulative increase to retained earnings, net of tax. See Note 3 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information on the adoption of ASU 2022-02. (a) Cash dividends declared were $3.08 per share and $3.00 per share during the nine months ended September 30, 2024 and 2023, respectively. * Cash dividends declared were $1.04 per share and $1.00 per share during the three months ended September 30, 2024 and 2023, respectively.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 1.04	$ 1	$ 3.08	$ 3

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 157	$ 194	$ 383	$ 476
Reconciling adjustments:
Provision for finance receivable losses	512	410	1,518	1,275
Depreciation and amortization			207	191
Deferred income tax benefit			(43)	(30)
Net loss (gain) on repurchases and repayments of debt	1	0	15	(1)
Share-based compensation expense, net of forfeitures			23	27
Gain on sales of finance receivables	(6)	(11)	(18)	(42)
Other			(4)	(1)
Cash flows due to changes in other assets and other liabilities			(134)	(54)
Net cash provided by operating activities			1,947	1,841
Cash flows from investing activities
Net principal originations and purchases of finance receivables			(2,746)	(2,726)
Proceeds from sales of finance receivables			453	493
Foursight Acquisition, net of cash acquired			(64)	0
Available-for-sale securities purchased			(151)	(129)
Available-for-sale securities called, sold, and matured			328	274
Other securities purchased			(6)	(4)
Other securities called, sold, and matured			11	5
Other, net			(63)	(65)
Net cash used for investing activities			(2,238)	(2,152)
Cash flows from financing activities
Proceeds from issuance and borrowings of long-term debt, net of issuance costs			3,186	3,743
Repayments and repurchases of long-term debt			(2,761)	(2,202)
Cash dividends			(373)	(366)
Common stock repurchased			(32)	(45)
Treasury stock issued			3	2
Withholding tax on share-based compensation			(10)	(10)
Net cash provided by financing activities			13	1,122
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents			(278)	811
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period			1,548	959
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	1,270	1,770	1,270	1,770
Supplemental cash flow information
Cash and cash equivalents	577	1,190	577	1,190
Restricted cash and restricted cash equivalents	693	580	693	580
Total cash and cash equivalents and restricted cash and restricted cash equivalents	$ 1,270	$ 1,770	$ 1,270	$ 1,770

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheets (Unaudited) - OMFC - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 577	$ 1,014
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.5 billion and $1.6 billion in 2024, respectively, and $1.6 billion and $1.8 billion in 2023, respectively)	1,581	1,719
Net finance receivables (includes loans of consolidated VIEs of $14.2 billion in 2024 and $12.8 billion in 2023)	23,075	21,349
Unearned insurance premium and claim reserves	(765)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.6 billion in 2024 and $1.4 billion in 2023)	(2,645)	(2,480)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	19,665	18,098
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $662 million in 2024 and $523 million in 2023)	693	534
Goodwill	1,474	1,437
Other intangible assets	288	260
Other assets	1,300	1,232
Total assets	25,578	24,294
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $12.7 billion in 2024 and $11.6 billion in 2023)	21,137	19,813
Insurance claims and policyholder liabilities	597	615
Deferred and accrued taxes	29	9
Other liabilities (includes other liabilities of consolidated VIEs of $30 million in 2024 and $26 million in 2023)	607	671
Total liabilities	22,370	21,108
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.50 per share; 25,000,000 shares authorized, 10,160,021 shares issued and outstanding at September 30, 2024 and December 31, 2023	1	1
Additional paid-in capital	1,728	1,715
Accumulated other comprehensive loss	(59)	(87)
Retained earnings	2,295	2,285
Total shareholders’ equity	3,208	3,186
Total liabilities and shareholders’ equity	25,578	24,294
Consolidated VIEs
Assets
Cash and cash equivalents	5	2
Net finance receivables (includes loans of consolidated VIEs of $14.2 billion in 2024 and $12.8 billion in 2023)	14,159	12,780
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.6 billion in 2024 and $1.4 billion in 2023)	(1,631)	(1,428)
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $662 million in 2024 and $523 million in 2023)	662	523
Other assets	43	32
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $12.7 billion in 2024 and $11.6 billion in 2023)	12,656	11,579
Other liabilities (includes other liabilities of consolidated VIEs of $30 million in 2024 and $26 million in 2023)	30	26
OMFC
Assets
Cash and cash equivalents	540	1,011
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.5 billion and $1.6 billion in 2024, respectively, and $1.6 billion and $1.8 billion in 2023, respectively)	1,581	1,719
Net finance receivables (includes loans of consolidated VIEs of $14.2 billion in 2024 and $12.8 billion in 2023)	23,075	21,349
Unearned insurance premium and claim reserves	(765)	(771)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.6 billion in 2024 and $1.4 billion in 2023)	(2,645)	(2,480)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	19,665	18,098
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $662 million in 2024 and $523 million in 2023)	693	534
Goodwill	1,474	1,437
Other intangible assets	288	260
Other assets	1,299	1,230
Total assets	25,540	24,289
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $12.7 billion in 2024 and $11.6 billion in 2023)	21,137	19,813
Insurance claims and policyholder liabilities	597	615
Deferred and accrued taxes	30	9
Other liabilities (includes other liabilities of consolidated VIEs of $30 million in 2024 and $26 million in 2023)	606	672
Total liabilities	22,370	21,109
Contingencies (Note 14)
Shareholders’ equity:
Common stock, par value $0.50 per share; 25,000,000 shares authorized, 10,160,021 shares issued and outstanding at September 30, 2024 and December 31, 2023	5	5
Additional paid-in capital	1,972	1,959
Accumulated other comprehensive loss	(59)	(87)
Retained earnings	1,252	1,303
Total shareholders’ equity	3,170	3,180
Total liabilities and shareholders’ equity	25,540	24,289
OMFC | Consolidated VIEs
Assets
Net finance receivables (includes loans of consolidated VIEs of $14.2 billion in 2024 and $12.8 billion in 2023)	14,200	12,800
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.6 billion in 2024 and $1.4 billion in 2023)	(1,600)	(1,400)
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $662 million in 2024 and $523 million in 2023)	662	523
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $12.7 billion in 2024 and $11.6 billion in 2023)	12,700	11,600
Other liabilities (includes other liabilities of consolidated VIEs of $30 million in 2024 and $26 million in 2023)	$ 30	$ 26

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - OMFC - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investment securities, fair value	$ 1,508	$ 1,647
Investment securities, amortized cost basis	1,579	1,765
Net finance receivables	23,075	21,349
Financing receivable, allowance for credit loss	2,645	2,480
Restricted cash and restricted cash equivalents	693	534
Long-term debt	21,137	19,813
Other liabilities	$ 607	$ 671
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	119,403,628	119,757,277
Common stock, shares outstanding (in shares)	119,403,628	119,757,277
OMFC
Investment securities, fair value	$ 1,500	$ 1,600
Investment securities, amortized cost basis	1,600	1,800
Net finance receivables	23,075	21,349
Financing receivable, allowance for credit loss	2,645	2,480
Restricted cash and restricted cash equivalents	693	534
Long-term debt	21,137	19,813
Other liabilities	$ 606	$ 672
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	10,160,021	10,160,021
Common stock, shares outstanding (in shares)	10,160,021	10,160,021
Consolidated VIEs
Net finance receivables	$ 14,159	$ 12,780
Financing receivable, allowance for credit loss	1,631	1,428
Restricted cash and restricted cash equivalents	662	523
Long-term debt	12,656	11,579
Other liabilities	30	26
Consolidated VIEs | OMFC
Net finance receivables	14,200	12,800
Financing receivable, allowance for credit loss	1,600	1,400
Restricted cash and restricted cash equivalents	662	523
Long-term debt	12,700	11,600
Other liabilities	$ 30	$ 26

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Operations (Unaudited) - OMFC - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income	$ 1,282	$ 1,167	$ 3,673	$ 3,377
Interest expense	301	267	874	749
Net interest income	981	900	2,799	2,628
Provision for finance receivable losses	512	410	1,518	1,275
Net interest income after provision for finance receivable losses	469	490	1,281	1,353
Other revenues:
Insurance	111	113	334	335
Investment	24	32	87	83
Gain on sales of finance receivables	6	11	18	42
Net gain (loss) on repurchases and repayments of debt	(1)	0	(15)	1
Other	42	29	112	87
Total other revenues	182	185	536	548
Other expenses:
Salaries and benefits	220	217	649	649
Other operating expenses	181	164	525	494
Insurance policy benefits and claims	43	48	140	139
Total other expenses	444	429	1,314	1,282
Income before income taxes	207	246	503	619
Income taxes	50	52	120	143
Net income	157	194	383	476
OMFC
Interest income	1,282	1,167	3,673	3,377
Interest expense	301	267	874	749
Net interest income	981	900	2,799	2,628
Provision for finance receivable losses	512	410	1,518	1,275
Net interest income after provision for finance receivable losses	469	490	1,281	1,353
Other revenues:
Insurance	111	113	334	335
Investment	24	32	87	83
Gain on sales of finance receivables	6	11	18	42
Net gain (loss) on repurchases and repayments of debt	(1)	0	(15)	1
Other	42	29	112	87
Total other revenues	182	185	536	548
Other expenses:
Salaries and benefits	220	217	649	649
Other operating expenses	181	164	525	494
Insurance policy benefits and claims	43	48	140	139
Total other expenses	444	429	1,314	1,282
Income before income taxes	207	246	503	619
Income taxes	50	52	120	143
Net income	$ 157	$ 194	$ 383	$ 476

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - OMFC - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 157	$ 194	$ 383	$ 476
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	53	(28)	44	(19)
Foreign currency translation adjustments	2	(4)	(3)	0
Changes in discount rate for insurance claims and policyholder liabilities	(10)	8	(5)	15
Other	(2)	4	(3)	2
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(11)	6	(9)	4
Foreign currency translation adjustments	0	1	1	0
Changes in discount rate for insurance claims and policyholder liabilities	2	(1)	1	(3)
Other	0	(1)	0	(1)
Other comprehensive income (loss), net of tax, before reclassification adjustments	34	(15)	26	(2)
Reclassification adjustments included in net income, net of tax:
Net realized losses on available-for-sale securities, net of tax	2	0	2	0
Reclassification adjustments included in net income, net of tax	2	0	2	0
Other comprehensive income (loss), net of tax	36	(15)	28	(2)
Comprehensive income	193	179	411	474
OMFC
Net income	157	194	383	476
Other comprehensive income (loss):
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	53	(28)	44	(19)
Foreign currency translation adjustments	2	(4)	(3)	0
Changes in discount rate for insurance claims and policyholder liabilities	(10)	8	(5)	15
Other	(2)	4	(3)	2
Income tax effect:
Net change in unrealized gains (losses) on non-credit impaired available-for-sale securities	(11)	6	(9)	4
Foreign currency translation adjustments	0	1	1	0
Changes in discount rate for insurance claims and policyholder liabilities	2	(1)	1	(3)
Other	0	(1)	0	(1)
Other comprehensive income (loss), net of tax, before reclassification adjustments	34	(15)	26	(2)
Reclassification adjustments included in net income, net of tax:
Net realized losses on available-for-sale securities, net of tax	2	0	2
Reclassification adjustments included in net income, net of tax	2	0	2	0
Other comprehensive income (loss), net of tax	36	(15)	28	(2)
Comprehensive income	$ 193	$ 179	$ 411	$ 474

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Shareholder's Equity (Unaudited) - OMFC - USD ($) $ in Millions	Total		Net Impact of Adoption of ASU 2022-02	[1]	Cumulative Effect, Period Of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period Of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period Of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period Of Adoption, Adjusted Balance	Retained Earnings		Retained Earnings Net Impact of Adoption of ASU 2022-02	[1]	Retained Earnings Cumulative Effect, Period Of Adoption, Adjusted Balance	OMFC	OMFC Net Impact of Adoption of ASU 2022-02	[2]	OMFC Cumulative Effect, Period Of Adoption, Adjusted Balance	OMFC Common Stock	OMFC Common Stock Cumulative Effect, Period Of Adoption, Adjusted Balance	OMFC Additional Paid-in Capital	OMFC Additional Paid-in Capital Cumulative Effect, Period Of Adoption, Adjusted Balance	OMFC Accumulated Other Comprehensive Income (Loss)	OMFC Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period Of Adoption, Adjusted Balance	OMFC Retained Earnings	OMFC Retained Earnings Net Impact of Adoption of ASU 2022-02	[2]	OMFC Retained Earnings Cumulative Effect, Period Of Adoption, Adjusted Balance
Balance at beginning of period at Dec. 31, 2022	$ 3,015		$ 12		$ 3,027	$ 1	$ 1	$ 1,689	$ 1,689	$ (127)	$ (127)	$ 2,119		$ 12		$ 2,131	$ 3,004	$ 12		$ 3,016	$ 5	$ 5	$ 1,933	$ 1,933	$ (127)	$ (127)	$ 1,193	$ 12		$ 1,205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	27							27									27						27
Withholding tax on share-based compensation	(10)							(10)									(10)						(10)
Other comprehensive income (loss)	(2)									(2)							(2)								(2)
Cash dividends	(366)	[3]										(366)	[3]				(403)										(403)
Net income	476											476					476										476
Balance at end of period at Sep. 30, 2023	3,109					1		1,706		(129)		2,240					3,104				5		1,950		(129)		1,278
Balance at beginning of period at Jun. 30, 2023	3,058					1		1,702		(114)		2,168					3,041				5		1,946		(114)		1,204
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	6							6									6						6
Withholding tax on share-based compensation	(2)							(2)									(2)						(2)
Other comprehensive income (loss)	(15)									(15)							(15)								(15)
Cash dividends	(122)	[4]										(122)	[4]				(120)										(120)
Net income	194											194					194										194
Balance at end of period at Sep. 30, 2023	3,109					1		1,706		(129)		2,240					3,104				5		1,950		(129)		1,278
Balance at beginning of period at Dec. 31, 2023	3,186					1		1,715		(87)		2,285					3,180				5		1,959		(87)		1,303
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	23							23									23						23
Withholding tax on share-based compensation	(10)							(10)									(10)						(10)
Other comprehensive income (loss)	28									28							28								28
Cash dividends	(373)	[3]										(373)	[3]				(434)										(434)
Net income	383											383					383										383
Balance at end of period at Sep. 30, 2024	3,208					1		1,728		(59)		2,295					3,170				5		1,972		(59)		1,252
Balance at beginning of period at Jun. 30, 2024	3,153					1		1,723		(95)		2,263					3,140				5		1,967		(95)		1,263
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense, net of forfeitures	7							7									7						7
Withholding tax on share-based compensation	(2)							(2)									(2)						(2)
Other comprehensive income (loss)	36									36							36								36
Cash dividends	(125)	[4]										(125)	[4]				(168)										(168)
Net income	157											157					157										157
Balance at end of period at Sep. 30, 2024	$ 3,208					$ 1		$ 1,728		$ (59)		$ 2,295					$ 3,170				$ 5		$ 1,972		$ (59)		$ 1,252
[1] (b) As a result of the adoption of ASU 2022-02, we recorded a one-time cumulative increase to retained earnings, net of tax. See Note 3 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information on the adoption of ASU 2022-02. * As a result of the adoption of ASU 2022-02, we recorded a one-time cumulative increase to retained earnings, net of tax. See Note 3 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information on the adoption of ASU 2022-02. (a) Cash dividends declared were $3.08 per share and $3.00 per share during the nine months ended September 30, 2024 and 2023, respectively. * Cash dividends declared were $1.04 per share and $1.00 per share during the three months ended September 30, 2024 and 2023, respectively.

Condensed Consolidated Statem_9

Condensed Consolidated Statements of Shareholder's Equity (Unaudited) (Parenthetical) - OMFC	12 Months Ended
	Dec. 31, 2022
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2022-02 [Member]
OMFC
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2022-02 [Member]

Condensed Consolidated State_10

Condensed Consolidated Statements of Cash Flows (Unaudited) - OMFC - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 157	$ 194	$ 383	$ 476
Reconciling adjustments:
Provision for finance receivable losses	512	410	1,518	1,275
Depreciation and amortization			207	191
Deferred income tax benefit			(43)	(30)
Net loss (gain) on repurchases and repayments of debt	1	0	15	(1)
Share-based compensation expense, net of forfeitures			23	27
Gain on sales of finance receivables	(6)	(11)	(18)	(42)
Other			(4)	(1)
Cash flows due to changes in other assets and other liabilities			(134)	(54)
Net cash provided by operating activities			1,947	1,841
Cash flows from investing activities
Net principal originations and purchases of finance receivables			(2,746)	(2,726)
Proceeds from sales of finance receivables			453	493
Foursight Acquisition, net of cash acquired			(64)	0
Available-for-sale securities purchased			(151)	(129)
Available-for-sale securities called, sold, and matured			328	274
Other securities purchased			(6)	(4)
Other securities called, sold, and matured			11	5
Other, net			(63)	(65)
Net cash used for investing activities			(2,238)	(2,152)
Cash flows from financing activities
Proceeds from issuance and borrowings of long-term debt, net of issuance costs			3,186	3,743
Repayments and repurchases of long-term debt			(2,761)	(2,202)
Cash dividends			(373)	(366)
Withholding tax on share-based compensation			(10)	(10)
Net cash provided by financing activities			13	1,122
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents			(278)	811
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period			1,548	959
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	1,270	1,770	1,270	1,770
Supplemental cash flow information
Cash and cash equivalents	577	1,190	577	1,190
Restricted cash and restricted cash equivalents	693	580	693	580
Total cash and cash equivalents and restricted cash and restricted cash equivalents	1,270	1,770	1,270	1,770
OMFC
Cash flows from operating activities
Net income	157	194	383	476
Reconciling adjustments:
Provision for finance receivable losses	512	410	1,518	1,275
Depreciation and amortization			207	191
Deferred income tax benefit			(43)	(30)
Net loss (gain) on repurchases and repayments of debt	1	0	15	(1)
Share-based compensation expense, net of forfeitures			23	27
Gain on sales of finance receivables	(6)	(11)	(18)	(42)
Other			(4)	(1)
Cash flows due to changes in other assets and other liabilities			(136)	(55)
Net cash provided by operating activities			1,945	1,840
Cash flows from investing activities
Net principal originations and purchases of finance receivables			(2,746)	(2,726)
Proceeds from sales of finance receivables			453	493
Foursight Acquisition, net of cash acquired			(64)	0
Available-for-sale securities purchased			(151)	(129)
Available-for-sale securities called, sold, and matured			328	274
Other securities purchased			(6)	(4)
Other securities called, sold, and matured			11	5
Other, net			(63)	(65)
Net cash used for investing activities			(2,238)	(2,152)
Cash flows from financing activities
Proceeds from issuance and borrowings of long-term debt, net of issuance costs			3,186	3,743
Repayments and repurchases of long-term debt			(2,761)	(2,202)
Cash dividends			(434)	(403)
Withholding tax on share-based compensation			(10)	(10)
Net cash provided by financing activities			(19)	1,128
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents			(312)	816
Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period			1,545	951
Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period	1,233	1,767	1,233	1,767
Supplemental cash flow information
Cash and cash equivalents	540	1,187	540	1,187
Restricted cash and restricted cash equivalents	693	580	693	580
Total cash and cash equivalents and restricted cash and restricted cash equivalents	$ 1,233	$ 1,767	$ 1,233	$ 1,767

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	1. Business and Basis of Presentation OneMain Holdings, Inc. (“OMH”), and its wholly owned direct subsidiary, OneMain Finance Corporation (“OMFC”) are financial services holding companies whose subsidiaries engage in the consumer finance and insurance businesses. The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this filing relates to both OMH and OMFC, except where otherwise indicated. OMH and OMFC are referred to in this report, collectively with their subsidiaries, whether directly or indirectly owned, as “the Company,” “OneMain,” “we,” “us,” or “our.” BASIS OF PRESENTATION We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements but does not include all disclosures required by GAAP. The statements include the accounts of OMH, its wholly owned subsidiaries, and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date. We eliminated all material intercompany accounts and transactions. We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Actual results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date. The condensed consolidated financial statements in this report should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report. We follow the same significant accounting policies for our interim reporting. To conform to the 2024 presentation, we reclassified certain items in prior periods of our condensed consolidated financial statements.

Foursight Acquisition

Foursight Acquisition	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Foursight Acquisition	2. Foursight Acquisition On April 1, 2024, we completed the acquisition of all of the outstanding common stock of Foursight Capital LLC (“Foursight”) from Jefferies Financial Group, Inc. for $125 million in cash (“Foursight Acquisition”). Foursight is an automobile finance company that purchases and services automobile retail installment contracts primarily made to near-prime borrowers across the country. Contracts are sourced through an extensive network of dealers. The acquisition supports our expansion into the auto lending business. The acquisition has been accounted for as a business combination using the acquisition method of accounting. The purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values as of April 1, 2024, with the excess recorded to goodwill as shown below. (dollars in millions) Amount Cash consideration $ 125 Fair value of assets acquired: Cash and cash equivalents 10 Net finance receivables 867 Allowance for finance receivable losses (31) Restricted cash and restricted cash equivalents 50 Other intangibles 32 Other assets 21 Fair value of liabilities assumed: Long-term debt 848 Other liabilities 13 Goodwill $ 37 The values assigned to the assets acquired and liabilities assumed are based on preliminary estimates of fair value and may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The goodwill of $37 million recognized from the Foursight Acquisition reflects the strategic benefits and opportunities of the combined company and is reported in our Consumer and Insurance (“C&I”) segment. Tax deductible goodwill is $52 million, reflecting differences in the allocation of purchase price for tax purposes. See Note 7 for a reconciliation of the carrying amount of goodwill at the beginning of 2024 and September 30, 2024. Assets acquired include auto finance receivables with a fair value of $829 million on gross receivables of $908 million. Of this amount, we determined $226 million of gross receivables have experienced more-than-insignificant credit deterioration since origination (“purchased credit deteriorated” or “PCD” loans) and recorded an allowance for finance receivable losses for PCD loans of $31 million at the acquisition date. The remaining loans were deemed to be non-PCD loans, and an additional $61 million was recorded in our Allowance for finance receivable losses and recognized through Provision for finance receivable losses in our condensed consolidated statement of operations for the nine months ended September 30, 2024. The results of operations of Foursight are included in our condensed consolidated statement of operations subsequent to the acquisition date. We have omitted the pro forma disclosures because we have determined that the acquisition did not have a significant impact to our condensed consolidated financial statements.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements ACCOUNTING PRONOUNCEMENTS TO BE ADOPTED Segment Reporting In November of 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires annual and interim disclosure of significant segment expenses and other segment items. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a retrospective basis to all prior periods presented in the financial statements. We are currently evaluating the impact of the standard on our segment disclosures. Income Taxes In December of 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregated information in the rate reconciliation and income taxes paid disclosures. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a prospective basis, with retrospective application allowed. We are currently evaluating the impact of the standard on our income tax disclosures. We do not believe that any accounting pronouncements issued, but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Finance Receivables	4. Finance Receivables Our finance receivables consist of consumer loans and credit cards. Consumer loans include personal loans and auto finance. Personal loans are non-revolving, with a fixed rate, have fixed terms generally between three three Components of our net finance receivables were as follows: Consumer Loans (dollars in millions) Personal Loans Auto Finance Total Consumer Loans Credit Cards Total September 30, 2024 Gross finance receivables * $ 20,274 $ 1,945 $ 22,219 $ 538 $ 22,757 Unearned fees (233) (27) (260) — (260) Accrued finance charges and fees 331 18 349 — 349 Deferred origination costs 197 20 217 12 229 Total $ 20,569 $ 1,956 $ 22,525 $ 550 $ 23,075 December 31, 2023 Gross finance receivables * $ 19,977 $ 744 $ 20,721 $ 322 $ 21,043 Unearned fees (223) (13) (236) — (236) Accrued finance charges and fees 326 7 333 — 333 Deferred origination costs 194 7 201 8 209 Total $ 20,274 $ 745 $ 21,019 $ 330 $ 21,349 * Consumer loan gross finance receivables equal the unpaid principal balance. 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 unpaid principal balance, billed interest, and fees. WHOLE LOAN SALE TRANSACTIONS We have whole loan sale flow agreements with third parties, with current terms of less than one year, in which we agreed to sell a remaining total of $330 million gross receivables of newly originated unsecured personal loans along with any associated accrued interest. Loans sold are derecognized from our balance sheet at the time of sale. We service the loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues in our condensed consolidated statements of operations. We sold a total of $124 million and $427 million of gross finance receivables during the three and nine months ended September 30, 2024, respectively, and $135 million and $450 million of gross finance receivables during the three and nine months ended September 30, 2023, respectively. The gain on the sales were $6 million and $18 million during the three and nine months ended September 30, 2024, respectively and $11 million and $42 million during the three and nine months ended September 30, 2023, respectively. CREDIT QUALITY INDICATOR We consider the delinquency status of our finance receivables as our key credit quality indicator. We monitor the delinquency of our finance receivable portfolio, including the migration between the delinquency buckets and changes in the delinquency trends to manage our exposure to credit risk in the portfolio. When consumer loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our consumer loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $40 million and $118 million during the three and nine months ended September 30, 2024, respectively, and $36 million and $104 million during the three and nine months ended September 30, 2023, respectively. For auto finance, reversed net accrued finance charges were immaterial during the three and nine months ended September 30, 2024 and 2023. Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans and auto finance loans were immaterial during the three and nine months ended September 30, 2024 and 2023. All consumer loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. We accrue finance charges and fees on credit cards until charge-off at 180 days contractually past due, at which point we reverse finance charges and fees previously accrued. For credit cards, net accrued finance charges and fees reversed were immaterial during the three and nine months ended September 30, 2024 and 2023. The following tables below are a summary of our personal loans by the year of origination and number of days delinquent: (dollars in millions) 2024 2023 2022 2021 2020 Prior Total September 30, 2024 Performing Current $ 7,694 $ 6,272 $ 3,467 $ 1,407 $ 366 $ 201 $ 19,407 30-59 days past due 53 136 106 54 15 12 376 60-89 days past due 28 96 69 36 10 7 246 Total performing 7,775 6,504 3,642 1,497 391 220 20,029 Nonperforming (Nonaccrual) 90+ days past due 33 216 165 85 24 17 540 Total $ 7,808 $ 6,720 $ 3,807 $ 1,582 $ 415 $ 237 $ 20,569 Gross charge-offs * $ 12 $ 464 $ 579 $ 304 $ 84 $ 58 $ 1,501 * Represents gross charge-offs for the nine months ended September 30, 2024. (dollars in millions) 2023 2022 2021 2020 2019 Prior Total December 31, 2023 Performing Current $ 9,759 $ 5,527 $ 2,454 $ 776 $ 376 $ 114 $ 19,006 30-59 days past due 113 153 88 27 16 7 404 60-89 days past due 74 104 59 17 10 4 268 Total performing 9,946 5,784 2,601 820 402 125 19,678 Nonperforming (Nonaccrual) 90+ days past due 125 259 143 40 21 8 596 Total $ 10,071 $ 6,043 $ 2,744 $ 860 $ 423 $ 133 $ 20,274 Gross charge-offs * $ 12 $ 517 $ 497 $ 147 $ 81 $ 33 $ 1,287 * Represents gross charge-offs for the nine months ended September 30, 2023. The following tables below are a summary of our auto finance loans by the year of origination and number of days delinquent: (dollars in millions) 2024 2023 2022 2021 2020 Prior Total September 30, 2024 Performing Current $ 777 $ 600 $ 311 $ 119 $ 26 $ 17 $ 1,850 30-59 days past due 12 22 20 10 2 2 68 60-89 days past due 5 6 5 1 — — 17 Total performing 794 628 336 130 28 19 1,935 Nonperforming (Nonaccrual) 90+ days past due 3 9 6 3 — — 21 Total $ 797 $ 637 $ 342 $ 133 $ 28 $ 19 $ 1,956 Gross charge-offs * $ 3 $ 25 $ 25 $ 8 $ 1 $ 1 $ 63 * Represents gross charge-offs for the nine months ended September 30, 2024. (dollars in millions) 2023 2022 2021 2020 2019 Prior Total December 31, 2023 Performing Current $ 480 $ 203 $ 34 $ 2 $ — $ — $ 719 30-59 days past due 4 6 2 — — — 12 60-89 days past due 2 3 — — — — 5 Total performing 486 212 36 2 — — 736 Nonperforming (Nonaccrual) 90+ days past due 3 5 1 — — — 9 Total $ 489 $ 217 $ 37 $ 2 $ — $ — $ 745 Gross charge-offs * $ 1 $ 10 $ 4 $ — $ — $ — $ 15 * Represents gross charge-offs for the nine months ended September 30, 2023. The following is a summary of credit cards by number of days delinquent: (dollars in millions) September 30, 2024 December 31, 2023 Current $ 482 $ 297 30-59 days past due 18 9 60-89 days past due 15 7 90+ days past due 35 17 Total $ 550 $ 330 There were no credit cards that were converted to term loans at September 30, 2024 or December 31, 2023. UNFUNDED LENDING COMMITMENTS Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $318 million and $223 million at September 30, 2024 and December 31, 2023, respectively. MODIFIED FINANCE RECEIVABLES TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY We make modifications to our finance receivables to assist borrowers who are experiencing financial difficulty and when we modify the contractual terms for economic or other reasons related to the borrower’s financial difficulties, we classify that receivable as a modified finance receivable. The following tables below represent information regarding modified finance receivables to borrowers experiencing financial difficulty on or after January 1, 2023, the effective date of ASU 2022-02. The period-end carrying value of finance receivables modified during the period was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 82 $ 7 $ 141 $ 2 Interest rate reduction and principal forgiveness 126 — 101 — Total modifications to borrowers experiencing financial difficulties $ 208 $ 7 $ 242 $ 2 Modifications as a percent of net finance receivables by class 1.01 % 0.38 % 1.20 % 0.33 % Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 281 $ 14 $ 373 $ 5 Interest rate reduction and principal forgiveness 313 1 260 — Total modifications to borrowers experiencing financial difficulties $ 594 $ 15 $ 633 $ 5 Modifications as a percent of net finance receivables by class 2.89 % 0.77 % 3.14 % 0.77 % The financial effect of modifications made during the period was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 19.60 % 12.47 % 19.22 % 12.60 % Weighted-average term extension (months) 21 13 27 22 Principal/interest forgiveness $ 12 $ — $ 12 $ — Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 18.76 % 12.30 % 20.21 % 12.56 % Weighted-average term extension (months) 22 19 24 22 Principal/interest forgiveness $ 33 $ — $ 32 $ — The performance of finance receivables modified within the previous 12 months by delinquency status was as follows: September 30, 2024 (a) September 30, 2023 (b) (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Current $ 538 $ 10 $ 461 $ 4 30-59 days past due 62 2 53 1 60-89 days past due 45 2 42 — 90+ days past due 100 2 76 1 Total $ 745 $ 16 $ 632 $ 6 (a) Excludes $71 million of personal loan receivables that were modified and subsequently charged off within the previous 12 months. There were no auto finance receivables that were modified and subsequently charged off within the previous 12 months. (b) Excludes $33 million of personal loan receivables that were modified and subsequently charged off. There were no auto finance receivables that were modified and subsequently charged off. The period-end carrying value of finance receivables that defaulted during the period to cause the receivable to be considered nonperforming (90 days or more contractually past due) and had been modified within the 12 months preceding the default was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 50 $ 1 $ 35 $ — Interest rate reduction and principal forgiveness 16 — 10 — Total $ 66 $ 1 $ 45 $ — Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 133 $ 2 $ 46 $ 1 Interest rate reduction and principal forgiveness 47 — 12 — Total $ 180 $ 2 $ 58 $ 1

Allowance for Finance Receivabl

Allowance for Finance Receivable Losses	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Allowance for Finance Receivable Losses	5. Allowance for Finance Receivable Losses We establish an allowance for finance receivable losses through the provision for finance receivable losses. We evaluate our finance receivable portfolio by the level of contractual delinquency in the portfolio, specifically in the late-stage delinquency buckets and inclusive of the migration of the finance receivables through the delinquency buckets. We estimate and record an allowance for finance receivable losses to cover the expected lifetime credit losses on our finance receivables. Our allowance for finance receivable losses may fluctuate based upon changes in portfolio growth, credit quality, and economic conditions. Our methodology to estimate expected credit losses uses recent macroeconomic forecasts, which include forecasts for unemployment. We leverage projections from various industry leading providers. We also consider inflationary pressures, consumer confidence levels, and elevated interest rates that may continue to impact the economic outlook. At September 30, 2024, our economic forecast used a reasonable and supportable period of 12 months. The increase in our allowance for finance receivable losses for the three and nine months ended September 30, 2024 was driven by growth in net finance receivables. We may experience further changes to the macroeconomic assumptions within our forecast, as well as changes to our loan loss performance outlook, both of which could lead to further changes in our allowance for finance receivable losses, allowance ratio, and provision for finance receivable losses. Changes in the allowance for finance receivable losses were as follows: (dollars in millions) Consumer Loans Credit Cards Total Three Months Ended September 30, 2024 Balance at beginning of period $ 2,462 $ 102 $ 2,564 Provision for finance receivable losses 472 40 512 Charge-offs (489) (21) (510) Recoveries 78 1 79 Balance at end of period $ 2,523 $ 122 $ 2,645 Three Months Ended September 30, 2023 Balance at beginning of period $ 2,360 $ 32 $ 2,392 Provision for finance receivable losses 386 24 410 Charge-offs (410) (6) (416) Recoveries 63 — 63 Balance at end of period $ 2,399 $ 50 $ 2,449 Nine Months Ended September 30, 2024 Balance at beginning of period $ 2,415 $ 65 $ 2,480 Provision for finance receivable losses 1,411 107 1,518 Charge-offs (1,564) (51) (1,615) Recoveries 230 1 231 Other (a) 31 — 31 Balance at end of period $ 2,523 $ 122 $ 2,645 Nine Months Ended September 30, 2023 Balance at beginning of period $ 2,290 $ 21 $ 2,311 Impact of adoption of ASU 2022-02 (b) (16) — (16) Provision for finance receivable losses 1,227 48 1,275 Charge-offs (1,302) (19) (1,321) Recoveries 200 — 200 Balance at end of period $ 2,399 $ 50 $ 2,449 (a) Represents allowance for finance receivable losses recognized on PCD loans acquired in the Foursight Acquisition. See Note 2 for additional information. (b) As a result of the adoption of ASU 2022-02, we recorded a one-time adjustment to the allowance for finance receivable losses. See Notes 3, 4, and 5 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information on the adoption of ASU 2022-02.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	6. Investment Securities AVAILABLE-FOR-SALE SECURITIES Cost/amortized cost, allowance for credit losses, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Unrealized Unrealized Fair September 30, 2024* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 12 $ — $ — $ 12 Obligations of states, municipalities, and political subdivisions 68 — (4) 64 Non-U.S. government and government sponsored entities 157 1 (4) 154 Corporate debt 1,048 8 (51) 1,005 Mortgage-backed, asset-backed, and collateralized: RMBS 193 1 (18) 176 CMBS 29 — (2) 27 CDO/ABS 72 1 (3) 70 Total $ 1,579 $ 11 $ (82) $ 1,508 December 31, 2023* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 18 $ — $ (1) $ 17 Obligations of states, municipalities, and political subdivisions 72 — (6) 66 Commercial paper 14 — — 14 Non-U.S. government and government sponsored entities 172 1 (6) 167 Corporate debt 1,160 4 (79) 1,085 Mortgage-backed, asset-backed, and collateralized: RMBS 202 — (22) 180 CMBS 36 — (3) 33 CDO/ABS 91 — (6) 85 Total $ 1,765 $ 5 $ (123) $ 1,647 * The allowance for credit losses related to our investment securities as of September 30, 2024 and December 31, 2023 was immaterial. Interest receivables reported in Other assets in our condensed consolidated balance sheets totaled $13 million and $14 million as of September 30, 2024 and December 31, 2023, respectively. There were no material amounts reversed from investment revenue for available-for-sale securities for the three and nine months ended September 30, 2024 and 2023. Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Unrealized Losses * Fair Unrealized Fair Unrealized September 30, 2024 U.S. government and government sponsored entities $ — $ — $ 12 $ — $ 12 $ — Obligations of states, municipalities, and political subdivisions 2 — 57 (4) 59 (4) Non-U.S. government and government sponsored entities 11 — 75 (4) 86 (4) Corporate debt 34 — 690 (51) 724 (51) Mortgage-backed, asset-backed, and collateralized: RMBS — — 143 (18) 143 (18) CMBS 1 — 26 (2) 27 (2) CDO/ABS 3 — 42 (3) 45 (3) Total $ 51 $ — $ 1,045 $ (82) $ 1,096 $ (82) December 31, 2023 U.S. government and government sponsored entities $ 1 $ — $ 11 $ (1) $ 12 $ (1) Obligations of states, municipalities, and political subdivisions 2 — 62 (6) 64 (6) Commercial paper 14 — — — 14 — Non-U.S. government and government sponsored entities 22 — 97 (6) 119 (6) Corporate debt 15 — 925 (79) 940 (79) Mortgage-backed, asset-backed, and collateralized: RMBS 5 — 152 (22) 157 (22) CMBS 2 — 32 (3) 34 (3) CDO/ABS 1 — 62 (6) 63 (6) Total $ 62 $ — $ 1,341 $ (123) $ 1,403 $ (123) * Unrealized losses on certain available-for-sale securities were less than $1 million and, therefore, were not quantified in the table above. On a lot basis, we had 1,596 and 1,984 investment securities in an unrealized loss position at September 30, 2024 and December 31, 2023, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of September 30, 2024, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of September 30, 2024, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. We continue to monitor unrealized loss positions for potential credit impairments. During the three and nine months ended September 30, 2024 and 2023, there were no material credit impairments related to our investment securities. Therefore, there were no material additions or reductions in the allowance for credit losses (impairments recognized or reversed in earnings) on credit impaired available-for-sale securities for the three and nine months ended September 30, 2024 and 2023. The proceeds of available-for-sale securities sold or redeemed during the three and nine months ended September 30, 2024 totaled $94 million and $138 million, respectively. The proceeds of available-for-sale securities sold or redeemed during the three and nine months ended September 30, 2023 totaled $27 million and $74 million, respectively. The net realized gains and losses were immaterial during the three and nine months ended September 30, 2024 and 2023. Contractual maturities of fixed-maturity available-for-sale securities at September 30, 2024 were as follows: (dollars in millions) Fair Amortized Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 162 $ 163 Due after 1 year through 5 years 540 548 Due after 5 years through 10 years 410 439 Due after 10 years 123 135 Mortgage-backed, asset-backed, and collateralized securities 273 294 Total $ 1,508 $ 1,579 Actual maturities may differ from contractual maturities since issuers and borrowers may have the right to call or prepay obligations. We may sell investment securities before maturity for general corporate and working capital purposes and to achieve certain investment strategies. The fair value of securities on deposit with third parties totaled $478 million and $524 million at September 30, 2024 and December 31, 2023, respectively. OTHER SECURITIES The fair value of other securities by type was as follows: (dollars in millions) September 30, 2024 December 31, 2023 Fixed maturity other securities: Bonds $ 20 $ 22 Preferred stock 15 16 Common stock 38 34 Total $ 73 $ 72 Net unrealized gains and losses on other securities held were immaterial for the three and nine months ended September 30, 2024 and 2023. Net realized gains and losses on other securities sold or redeemed were immaterial for the three and nine months ended September 30, 2024 and 2023. Other securities primarily consist of equity securities and those securities for which the fair value option was elected. We report net unrealized and realized gains and losses on other securities held, sold, or redeemed in Other revenue - investment.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	7. Goodwill and Other Intangible Assets GOODWILL As a result of the Foursight Acquisition, we recorded $37 million of goodwill, which we report in our C&I segment. See Note 2 for further information. Changes in the carrying amount of goodwill were as follows: (dollars in millions) Consumer and Insurance Nine Months Ended September 30, 2024 Balance at beginning of period $ 1,437 Goodwill recognized upon acquisition 37 Balance at end of period $ 1,474 We did not record any impairments to goodwill during the nine months ended September 30, 2024. OTHER INTANGIBLE ASSETS The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount * Accumulated Amortization Net Other Intangible Assets September 30, 2024 Trade names $ 224 $ — $ 224 Licenses 25 — 25 Customer relationships 22 (1) 21 VOBA 105 (93) 12 Other 7 (1) 6 Total $ 383 $ (95) $ 288 December 31, 2023 Trade names $ 220 $ — $ 220 Licenses 25 — 25 VOBA 105 (91) 14 Other 1 — 1 Total $ 351 $ (91) $ 260 * In connection with the Foursight Acquisition, we recorded $32 million of intangible assets.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	8. Long-term Debt Principal maturities of long-term debt by type of debt at September 30, 2024 were as follows: Senior Debt (dollars in millions) Securitizations Private Secured Term Funding Revolving Unsecured Junior Total Interest rates (b) 0.87%-10.98% 6.21% 6.14%-6.36% 3.50%-9.00% 7.31 % Remainder of 2024 $ — $ — $ — $ — $ — $ — 2025 — — — — — — 2026 — — — 1,600 — 1,600 2027 — — — 750 — 750 2028 — — — 1,350 — 1,350 2029-2067 — — — 4,682 350 5,032 Secured (c) 12,178 350 176 — — 12,704 Total principal maturities $ 12,178 $ 350 $ 176 $ 8,382 $ 350 $ 21,436 Total carrying amount $ 12,130 $ 350 $ 176 $ 8,309 $ 172 $ 21,137 Debt issuance costs (d) (40) — — (69) — (109) (a) Pursuant to the Base Indenture, the Supplemental Indentures, and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at September 30, 2024. (c) Securitizations, private secured term funding, and borrowings under the revolving conduit facilities are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. See Note 9 for further information on our long-term debt associated with securitizations, private secured term funding, and revolving conduit facilities. (d) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, credit card revolving variable funding note (“VFN”) facilities, and unsecured corporate revolver, which totaled $41 million at September 30, 2024 and are reported in Other assets in our condensed consolidated balance sheets. UNSECURED CORPORATE REVOLVER At September 30, 2024, the total maximum borrowing capacity of our unsecured corporate revolver was $1.1 billion. The corporate revolver has a five-year term, during which draws and repayments may occur. Any outstanding principal balance is due and payable on September 6, 2029.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	9. Variable Interest Entities CONSOLIDATED VIES We have transferred finance receivables to VIEs for asset-backed financing transactions and include the assets and liabilities in our condensed consolidated financial statements because we are the primary beneficiary of each VIE. We account for these asset-backed debt obligations as securitized borrowings. See Note 2 and Note 9 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for more detail regarding VIEs. We parenthetically disclose on our condensed consolidated balance sheets the VIE’s assets that can only be used to settle the VIE’s obligations and liabilities when its creditors have no recourse against the primary beneficiary’s general credit. The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts, private secured term funding, revolving conduit facilities, and credit card revolving VFN facilities were as follows: (dollars in millions) September 30, 2024 December 31, 2023 Assets Cash and cash equivalents $ 5 $ 2 Net finance receivables 14,159 12,780 Allowance for finance receivable losses 1,631 1,428 Restricted cash and restricted cash equivalents 662 523 Other assets 43 32 Liabilities Long-term debt $ 12,656 $ 11,579 Other liabilities 31 27 Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $164 million and $463 million during the three and nine months ended September 30, 2024, respectively, compared to $128 million and $343 million during the three and nine months ended September 30, 2023, respectively. SECURITIZED BORROWINGS Our outstanding OMFIT and ODART securitizations contain a revolving period ranging from two CREDIT CARD REVOLVING VFN FACILITIES We have transferred credit card gross finance receivables to a master trust, OneMain Financial Credit Card Trust (“OMFCT”), and we continue to service and administer the credit cards. As of September 30, 2024, OMFCT was the issuing entity for two credit card revolving VFN facilities by way of certain indenture supplements and note purchase agreements with a total maximum borrowing capacity of $300 million. Each credit card revolving VFN facility has a revolving period during which no principal payments are required, but may be made without penalty, followed by a subsequent amortization period. Principal balances of outstanding notes, if any, are due and payable in full over periods ranging up to five years as of September 30, 2024. Amounts drawn on these credit card revolving VFN facilities are secured and collateralized by credit card gross finance receivables. PRIVATE SECURED TERM FUNDING At September 30, 2024, the maximum borrowing capacity of $350 million was outstanding under the private secured term funding collateralized by our consumer loans. No principal payments are required to be made until after April 25, 2025, followed by a subsequent one-year amortization period, which upon expiration the outstanding principal is due and payable. REVOLVING CONDUIT FACILITIES We had access to 19 revolving conduit facilities with a total maximum borrowing capacity of $6.9 billion as of September 30, 2024. Our

Insurance

Insurance	9 Months Ended
	Sep. 30, 2024
Insurance [Abstract]
Insurance	10. Insurance Changes in the reserve for unpaid claims and loss adjustment expenses (net of reinsurance recoverables) on our short-duration insurance contracts were as follows: At or for the (dollars in millions) 2024 2023 Balance at beginning of period $ 108 $ 93 Less reinsurance recoverables (3) (3) Net balance at beginning of period 105 90 Additions for losses and loss adjustment expenses incurred to: Current year 142 127 Prior years * (11) (2) Total 131 125 Reductions for losses and loss adjustment expenses paid related to: Current year (79) (67) Prior years (56) (49) Total (135) (116) Net balance at end of period 101 99 Plus reinsurance recoverables 3 3 Balance at end of period $ 104 $ 102 * At September 30, 2024, there was a redundancy in the prior years’ net reserves due to favorable development of credit disability claims during the period. At September 30, 2023, there was a redundancy in the prior years’ net reserves due to favorable development of credit disability claims during the period. LIABILITY FOR FUTURE POLICY BENEFITS The present values of expected net premiums on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Balance at beginning of period $ 217 $ 41 $ 252 $ 48 Effect of cumulative changes in discount rate assumptions (beginning of period) (5) — (8) — Beginning balance at original discount rate 212 41 244 48 Effect of changes in cash flow assumptions (3) 1 (2) (1) Effect of actual variances from expected experience (15) (6) (7) (1) Adjusted balance at beginning of period 194 36 235 46 Interest accretion 8 1 9 2 Net premiums collected (20) (4) (25) (5) Ending balance at original discount rate 182 33 219 43 Effect of changes in discount rate assumptions 7 1 (3) (2) Balance at ending of period $ 189 $ 34 $ 216 $ 41 The present values of expected future policy benefits on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Balance at beginning of period $ 435 $ 113 $ 483 $ 126 Effect of cumulative changes in discount rate assumptions (beginning of period) (12) — (17) (1) Beginning balance at original discount rate 423 113 466 125 Effect of changes in cash flow assumptions (4) 2 (4) (1) Effect of actual variances from expected experience (18) (8) (9) 1 Adjusted balance at beginning of period 401 107 453 125 Net issuances 3 1 2 1 Interest accretion 16 4 18 4 Benefit payments (38) (12) (41) (14) Ending balance at original discount rate 382 100 432 116 Effect of changes in discount rate assumptions 18 1 (4) (5) Balance at ending of period $ 400 $ 101 $ 428 $ 111 The net liabilities for future policy benefits on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Net liability for future policy benefits $ 211 $ 67 $ 212 $ 70 Deferred profit liability 12 49 14 53 Total net liability for future policy benefits $ 223 $ 116 $ 226 $ 123 The weighted-average duration of the liability for future policy benefits was 8 years at September 30, 2024 and September 30, 2023. The following table reconciles the net liability for future policy benefits to Insurance claims and policyholder liabilities in the condensed consolidated balance sheets: At or for the (dollars in millions) 2024 2023 Term and whole life $ 223 $ 226 Accidental death and disability protection 116 123 Other* 258 250 Total $ 597 $ 599 * Other primarily includes reserves for short-duration contracts that are payable to third-party beneficiaries. The undiscounted and discounted expected future gross premiums and expected future benefits and expenses for our long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Expected future gross premiums: Undiscounted $ 377 $ 125 $ 445 $ 150 Discounted 280 92 310 105 Expected future benefit payments: Undiscounted 542 147 622 171 Discounted 400 101 428 111 The revenue and interest accretion related to our long-duration insurance contracts recognized in the condensed consolidated statements of operations were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Gross premiums or assessments $ 39 $ 13 $ 44 $ 14 Interest accretion $ 8 $ 3 $ 9 $ 3 The expected and actual experiences for mortality, morbidity, and lapses of the liability for future policy benefits were as follows: At or for the 2024 2023 Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Mortality/Morbidity: Expected 0.36 % 0.01 % 0.38 % 0.01 % Actual 0.34 % 0.01 % 0.35 % 0.01 % Lapses: Expected 3.79 % 1.84 % 2.85 % 1.95 % Actual 3.61 % 3.79 % 2.27 % 2.07 % The weighted-average interest rates for the liability of future policy benefits for our long-duration insurance contracts were as follows: At or for the 2024 2023 Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Interest accretion rate 5.28 % 4.86 % 5.27 % 4.86 % Current discount rate 4.79 % 4.86 % 5.60 % 5.59 %

Capital Stock and Earnings Per

Capital Stock and Earnings Per Share (OMH Only)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Capital Stock and Earnings Per Share (OMH Only)	11. Capital Stock and Earnings Per Share (OMH Only) CAPITAL STOCK OMH has two classes of authorized capital stock: preferred stock and common stock. OMFC has two classes of authorized capital stock: special stock and common stock. OMH and OMFC may issue preferred stock and special stock, respectively, in one or more series. The OMH Board of Directors and the OMFC Board of Directors determine the dividend, liquidation, redemption, conversion, voting, and other rights prior to issuance. Changes in OMH shares of common stock issued and outstanding were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance at beginning of period 119,758,091 120,446,799 119,757,277 121,042,125 Common stock issued 45,729 45,507 269,003 261,955 Common stock repurchased (420,486) (268,269) (680,709) (1,120,903) Treasury stock issued 20,294 21,260 58,057 62,120 Balance at end of period 119,403,628 120,245,297 119,403,628 120,245,297 EARNINGS PER SHARE (OMH ONLY) The computation of earnings per share was as follows: Three Months Ended September 30, Nine Months Ended (dollars in millions, except per share data) 2024 2023 2024 2023 Numerator (basic and diluted): Net income $ 157 $ 194 $ 383 $ 476 Denominator: Weighted average number of shares outstanding (basic) 119,674,809 120,407,889 119,763,844 120,571,103 Effect of dilutive securities * 443,298 346,805 418,809 219,382 Weighted average number of shares outstanding (diluted) 120,118,107 120,754,694 120,182,653 120,790,485 Earnings per share: Basic $ 1.32 $ 1.61 $ 3.20 $ 3.95 Diluted $ 1.31 $ 1.61 $ 3.18 $ 3.94 * We have excluded weighted-average unvested restricted stock units totaling 701,763 and 886,333 for the three months ended September 30, 2024 and 2023, respectively, and 742,565 and 933,663 for the nine months ended September 30, 2024 and 2023, respectively, from the fully-diluted earnings per share calculations as these shares would be anti-dilutive, which could impact the earnings per share calculation in the future. Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during each period. Diluted earnings per share is computed based on the weighted-average number of shares outstanding plus the effect of potentially dilutive shares outstanding during the period using the treasury stock method. The potentially dilutive shares represent outstanding unvested restricted stock units.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. Accumulated Other Comprehensive Income (Loss) Changes, net of tax, in Accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Retirement Foreign Changes in discount rate for insurance claims and policyholder liabilities Other (b) Total Three Months Ended Balance at beginning of period $ (100) $ (8) $ (6) $ (1) $ 20 $ (95) Other comprehensive income (loss) before reclassifications 42 — 2 (8) (2) 34 Reclassification adjustments from accumulated other comprehensive income (loss) 2 — — — — 2 Balance at end of period $ (56) $ (8) $ (4) $ (9) $ 18 $ (59) Three Months Ended Balance at beginning of period $ (124) $ (8) $ (2) $ (3) $ 23 $ (114) Other comprehensive income (loss) before reclassifications (22) — (3) 7 3 (15) Balance at end of period $ (146) $ (8) $ (5) $ 4 $ 26 $ (129) Nine Months Ended Balance at beginning of period $ (93) $ (8) $ (2) $ (5) $ 21 $ (87) Other comprehensive income (loss) before reclassifications 35 — (2) (4) (3) 26 Reclassification adjustments from accumulated other comprehensive income (loss) 2 — — — — 2 Balance at end of period $ (56) $ (8) $ (4) $ (9) $ 18 $ (59) Nine Months Ended Balance at beginning of period $ (131) $ (8) $ (5) $ (8) $ 25 $ (127) Other comprehensive income (loss) before reclassifications (15) — — 12 1 (2) Balance at end of period $ (146) $ (8) $ (5) $ 4 $ 26 $ (129) (a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the three and nine months ended September 30, 2024 and 2023. (b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges. Reclassification adjustments from Accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were immaterial for the three and nine months ended September 30, 2024 and 2023.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes We had a net deferred tax asset of $513 million and $477 million at September 30, 2024 and December 31, 2023, respectively. We follow the guidance of ASC 740, Income Taxes , for interim reporting of income taxes under which we calculate an estimated annual effective tax rate (“AETR”) and apply the AETR to our year-to-date income (loss) before income taxes. In addition, we recognize any discrete items as they occur. The effective tax rate for the nine months ended September 30, 2024 was 23.9%, compared to 23.1% for the same period in 2023. The effective tax rate for the nine months ended September 30, 2024 and 2023 differed from the federal statutory rate of 21% primarily due to the effect of state income taxes. We are under examination by various states for the years 2017 to 2022. Management believes it has adequately provided for taxes for such years. Our gross unrecognized tax benefits, including related interest and penalties, totaled $12 million at September 30, 2024 and $11 million at December 31, 2023. We accrue interest related to uncertain tax positions in income tax expense. The amount of any change in the balance of uncertain tax liabilities over the next 12 months is not expected to be material to our condensed consolidated financial statements.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	14. Contingencies LEGAL CONTINGENCIES In the normal course of business, we have been named, from time to time, as defendants in various legal actions, including arbitrations, class actions, and other litigation arising in connection with our activities. Some of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. Additionally, we are, from time to time, in the normal course of business, subject to inquiries and investigations by federal, state and local governmental authorities regarding our products and our operations. These inquiries and investigations may result in fines, restitution or other penalties, including injunctive relief that may result in restrictions on our business. While we will continue to evaluate legal actions to determine whether a loss is reasonably possible or probable and is reasonably estimable, there can be no assurance that material losses will not be incurred from pending, threatened or future litigation, investigations, examinations, or other claims. We contest liability and/or the amount of damages, as appropriate, in each pending matter. Where available information indicates that it is probable that a liability had been incurred at the date of the condensed consolidated financial statements and we can reasonably estimate the amount of that loss, we accrue the estimated loss by a charge to income. In many actions, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to estimate the amount of any loss. In addition, even where loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal actions, we cannot reasonably estimate such losses, particularly for actions that are in their early stages of development or where plaintiffs seek substantial or indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, and by addressing novel or unsettled legal questions relevant to the actions in question, before a loss or additional loss or range of loss or range of additional loss can be reasonably estimated for any given action. For certain other legal actions, we can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but do not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on our condensed consolidated financial statements as a whole.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	15. Segment Information At September 30, 2024, C&I is our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans. The accounting policies of the C&I segment are the same as those disclosed in Note 2 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report, except as described below. Due to the nature of the Foursight Acquisition, we applied purchase accounting. However, we report the operating results of C&I and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables and long-term debt at acquisition, as well as amortization/accretion in future periods). We allocate revenues and expenses on a Segment Accounting Basis to the C&I segment and Other using the following methodologies: Interest income Directly correlated to C&I segment and Other. Interest expense C&I and Other - The Company has secured and unsecured debt. The Company first allocates interest expense to its C&I segment based on actual expense for secured debt. Interest expense for unsecured debt is recorded to the C&I segment using a weighted average interest rate applied to allocated average unsecured debt. Total average unsecured debt is allocated as follows: l Other - at 100% of asset base. (Asset base represents the average net finance receivables including finance receivables held for sale); and l C&I - receives remainder of unallocated average debt. Provision for finance receivable losses Directly correlated to the C&I segment. Other revenues Directly correlated to the C&I segment and Other. Other expenses Salaries and benefits - Directly correlated to C&I segment and Other. Other salaries and benefits not directly correlated with the C&I segment and Other are allocated based on services provided. Other operating expenses - Directly correlated to the C&I segment and Other. Other operating expenses not directly correlated to the C&I segment and Other are allocated based on services provided. Insurance policy benefits and claims - Directly correlated to the C&I segment. Acquisition-related transaction and integration expenses - Directly correlated to the C&I segment and consist primarily of: (i) acquisition-related transaction and integration costs related to the Foursight Acquisition, including legal and other professional fees and (ii) software termination costs. The "Segment to GAAP Adjustment” column in the following tables primarily consists of: • Interest income - reverses the impact of premiums/discounts on certain purchased finance receivables and the interest income recognition under guidance in ASC 310-20, Nonrefundable Fees and Other Costs , and reestablishes interest income recognition on a historical cost basis; • Interest expense - reverses the impact of premiums/discounts on long-term debt assumed upon acquisition and reestablishes interest expense recognition on a historical cost basis; • Provision for finance receivable losses - reverses the impact of providing an allowance for finance receivable losses upon acquisition and reestablishes the allowance on a historical cost basis; • Other expenses - reestablishes expenses on a historical cost basis by reversing the impact of amortization from acquired intangible assets, including amortization of other historical deferred costs and the amortization of purchased software assets on a historical cost basis; and • Assets - revalues assets based on their fair values at the effective date of the acquisition. Assets were adjusted to present the impacts of deferred taxes associated with the acquisition on a net basis at September 30, 2024. The following tables present information about C&I and Other, as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer Other Segment to Consolidated Three Months Ended September 30, 2024 Interest income $ 1,271 $ 1 $ 10 $ 1,282 Interest expense 299 1 1 301 Provision for finance receivable losses 512 — — 512 Net interest income after provision for finance receivable losses 460 — 9 469 Other revenues 181 2 (1) 182 Other expenses 441 2 1 444 Income before income tax expense $ 200 $ — $ 7 $ 207 Three Months Ended September 30, 2023 Interest income $ 1,166 $ 1 $ — $ 1,167 Interest expense 265 1 1 267 Provision for finance receivable losses 410 — — 410 Net interest income after provision for finance receivable losses 491 — (1) 490 Other revenues 182 3 — 185 Other expenses 423 7 (1) 429 Income (loss) before income tax expense (benefit) $ 250 $ (4) $ — $ 246 Nine Months Ended September 30, 2024 Interest income $ 3,653 $ 3 $ 17 $ 3,673 Interest expense 871 1 2 874 Provision for finance receivable losses 1,458 — 60 1,518 Net interest income after provision for finance receivable losses 1,324 2 (45) 1,281 Other revenues 531 6 (1) 536 Other expenses 1,307 7 — 1,314 Income before income tax expense $ 548 $ 1 $ (46) $ 503 Assets $ 24,437 $ 14 $ 1,127 $ 25,578 Nine Months Ended September 30, 2023 Interest income $ 3,373 $ 3 $ 1 $ 3,377 Interest expense 744 2 3 749 Provision for finance receivable losses 1,275 — — 1,275 Net interest income after provision for finance receivable losses 1,354 1 (2) 1,353 Other revenues 543 5 — 548 Other expenses 1,273 11 (2) 1,282 Income (loss) before income tax expense (benefit) $ 624 $ (5) $ — $ 619 Assets $ 22,899 $ 30 $ 1,217 $ 24,146

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	16. Fair Value Measurements The accounting policies of our fair value measurements are the same as those disclosed in Note 2 and Note 18 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report. The following table presents the carrying amounts and estimated fair values of our financial instruments and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 September 30, 2024 Assets Cash and cash equivalents $ 572 $ 5 $ — $ 577 $ 577 Investment securities 57 1,521 3 1,581 1,581 Net finance receivables, less allowance for finance receivable losses — — 22,641 22,641 20,430 Restricted cash and restricted cash equivalents 686 7 — 693 693 Other assets * — — 36 36 25 Liabilities Long-term debt $ — $ 21,311 $ — $ 21,311 $ 21,137 December 31, 2023 Assets Cash and cash equivalents $ 1,014 $ — $ — $ 1,014 $ 1,014 Investment securities 54 1,662 3 1,719 1,719 Net finance receivables, less allowance for finance receivable losses — — 20,490 20,490 18,869 Restricted cash and restricted cash equivalents 534 — — 534 534 Other assets * — — 40 40 29 Liabilities Long-term debt $ — $ 19,457 $ — $ 19,457 $ 19,813 * Other assets at September 30, 2024 and December 31, 2023 primarily consists of finance receivables held for sale. FAIR VALUE MEASUREMENTS — RECURRING BASIS The following tables present information about our assets measured at fair value on a recurring basis and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 September 30, 2024 Assets Cash equivalents in mutual funds $ 189 $ — $ — $ 189 Cash equivalents in securities — 5 — 5 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 12 — 12 Obligations of states, municipalities, and political subdivisions — 64 — 64 Non-U.S. government and government sponsored entities — 154 — 154 Corporate debt 6 998 1 1,005 RMBS — 176 — 176 CMBS — 27 — 27 CDO/ABS — 70 — 70 Total available-for-sale securities 6 1,501 1 1,508 Other securities Bonds: Corporate debt — 4 — 4 CDO/ABS — 16 — 16 Total bonds — 20 — 20 Preferred stock 15 — — 15 Common stock 36 — 2 38 Total other securities 51 20 2 73 Total investment securities 57 1,521 3 1,581 Restricted cash equivalents in mutual funds 672 — — 672 Restricted cash equivalents in securities — 7 — 7 Total $ 918 $ 1,533 $ 3 $ 2,454 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2023 Assets Cash equivalents in mutual funds $ 97 $ — $ — $ 97 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 17 — 17 Obligations of states, municipalities, and political subdivisions — 66 — 66 Commercial paper — 14 — 14 Non-U.S. government and government sponsored entities — 167 — 167 Corporate debt 6 1,078 1 1,085 RMBS — 180 — 180 CMBS — 33 — 33 CDO/ABS — 85 — 85 Total available-for-sale securities 6 1,640 1 1,647 Other securities Bonds: Corporate debt — 4 — 4 CDO/ABS — 18 — 18 Total bonds — 22 — 22 Preferred stock 16 — — 16 Common stock 32 — 2 34 Total other securities 48 22 2 72 Total investment securities 54 1,662 3 1,719 Restricted cash equivalents in mutual funds 525 — — 525 Total $ 676 $ 1,662 $ 3 $ 2,341 Due to the insignificant activity within the Level 3 assets during the three and nine months ended September 30, 2024 and 2023, we have omitted the additional disclosures relating to the changes in Level 3 assets measured at fair value on a recurring basis and the quantitative information about Level 3 unobservable inputs. FAIR VALUE MEASUREMENTS — NON-RECURRING BASIS We measure the fair value of certain assets on a non-recurring basis when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Net impairment charges recorded on assets measured at fair value on a non-recurring basis were immaterial during the three and nine months ended September 30, 2024 and 2023. FAIR VALUE MEASUREMENTS — VALUATION METHODOLOGIES AND ASSUMPTIONS See Note 18 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report for information regarding our methods and assumptions used to estimate fair value.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 157	$ 194	$ 383	$ 476

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	We prepared our condensed consolidated financial statements using generally accepted accounting principles in the United States of America (“GAAP”). These statements are unaudited. The year-end condensed balance sheet data was derived from our audited financial statements but does not include all disclosures required by GAAP.
CONSOLIDATION	The statements include the accounts of OMH, its wholly owned subsidiaries, and variable interest entities (“VIEs”) in which we hold a controlling financial interest and for which we are considered to be the primary beneficiary as of the financial statement date.We eliminated all material intercompany accounts and transactions.
USE OF ESTIMATES	We made judgments, estimates, and assumptions that affect amounts reported in our condensed consolidated financial statements and disclosures of contingent assets and liabilities. In management’s opinion, the condensed consolidated financial statements include the normal, recurring adjustments necessary for a fair statement of results. Actual results could differ from our estimates. We evaluated the effects of and the need to disclose events that occurred subsequent to the balance sheet date.
ACCOUNTING PRONUNCEMENTS TO BE ADOPTED	Segment Reporting In November of 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires annual and interim disclosure of significant segment expenses and other segment items. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a retrospective basis to all prior periods presented in the financial statements. We are currently evaluating the impact of the standard on our segment disclosures. Income Taxes In December of 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregated information in the rate reconciliation and income taxes paid disclosures. The amendments in this ASU will become effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a prospective basis, with retrospective application allowed. We are currently evaluating the impact of the standard on our income tax disclosures. We do not believe that any accounting pronouncements issued, but not yet effective, would have a material impact on our consolidated financial statements or disclosures, if adopted.
SEGMENTS	The accounting policies of the C&I segment are the same as those disclosed in Note 2 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report, except as described below. Due to the nature of the Foursight Acquisition, we applied purchase accounting. However, we report the operating results of C&I and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, and (ii) excludes the impact of applying purchase accounting (eliminates premiums/discounts on our finance receivables and long-term debt at acquisition, as well as amortization/accretion in future periods). We allocate revenues and expenses on a Segment Accounting Basis to the C&I segment and Other using the following methodologies: Interest income Directly correlated to C&I segment and Other. Interest expense C&I and Other - The Company has secured and unsecured debt. The Company first allocates interest expense to its C&I segment based on actual expense for secured debt. Interest expense for unsecured debt is recorded to the C&I segment using a weighted average interest rate applied to allocated average unsecured debt. Total average unsecured debt is allocated as follows: l Other - at 100% of asset base. (Asset base represents the average net finance receivables including finance receivables held for sale); and l C&I - receives remainder of unallocated average debt. Provision for finance receivable losses Directly correlated to the C&I segment. Other revenues Directly correlated to the C&I segment and Other. Other expenses Salaries and benefits - Directly correlated to C&I segment and Other. Other salaries and benefits not directly correlated with the C&I segment and Other are allocated based on services provided. Other operating expenses - Directly correlated to the C&I segment and Other. Other operating expenses not directly correlated to the C&I segment and Other are allocated based on services provided. Insurance policy benefits and claims - Directly correlated to the C&I segment. Acquisition-related transaction and integration expenses - Directly correlated to the C&I segment and consist primarily of: (i) acquisition-related transaction and integration costs related to the Foursight Acquisition, including legal and other professional fees and (ii) software termination costs. The "Segment to GAAP Adjustment” column in the following tables primarily consists of: • Interest income - reverses the impact of premiums/discounts on certain purchased finance receivables and the interest income recognition under guidance in ASC 310-20, Nonrefundable Fees and Other Costs , and reestablishes interest income recognition on a historical cost basis; • Interest expense - reverses the impact of premiums/discounts on long-term debt assumed upon acquisition and reestablishes interest expense recognition on a historical cost basis; • Provision for finance receivable losses - reverses the impact of providing an allowance for finance receivable losses upon acquisition and reestablishes the allowance on a historical cost basis; • Other expenses - reestablishes expenses on a historical cost basis by reversing the impact of amortization from acquired intangible assets, including amortization of other historical deferred costs and the amortization of purchased software assets on a historical cost basis; and • Assets - revalues assets based on their fair values at the effective date of the acquisition. Assets were adjusted to present the impacts of deferred taxes associated with the acquisition on a net basis at September 30, 2024.

Foursight Acquisition (Tables)

Foursight Acquisition (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition	The purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values as of April 1, 2024, with the excess recorded to goodwill as shown below. (dollars in millions) Amount Cash consideration $ 125 Fair value of assets acquired: Cash and cash equivalents 10 Net finance receivables 867 Allowance for finance receivable losses (31) Restricted cash and restricted cash equivalents 50 Other intangibles 32 Other assets 21 Fair value of liabilities assumed: Long-term debt 848 Other liabilities 13 Goodwill $ 37

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Components of Net Finance Receivables by Type	Components of our net finance receivables were as follows: Consumer Loans (dollars in millions) Personal Loans Auto Finance Total Consumer Loans Credit Cards Total September 30, 2024 Gross finance receivables * $ 20,274 $ 1,945 $ 22,219 $ 538 $ 22,757 Unearned fees (233) (27) (260) — (260) Accrued finance charges and fees 331 18 349 — 349 Deferred origination costs 197 20 217 12 229 Total $ 20,569 $ 1,956 $ 22,525 $ 550 $ 23,075 December 31, 2023 Gross finance receivables * $ 19,977 $ 744 $ 20,721 $ 322 $ 21,043 Unearned fees (223) (13) (236) — (236) Accrued finance charges and fees 326 7 333 — 333 Deferred origination costs 194 7 201 8 209 Total $ 20,274 $ 745 $ 21,019 $ 330 $ 21,349
Summary of Net Finance Receivables by Type and by Days Delinquent	The following tables below are a summary of our personal loans by the year of origination and number of days delinquent: (dollars in millions) 2024 2023 2022 2021 2020 Prior Total September 30, 2024 Performing Current $ 7,694 $ 6,272 $ 3,467 $ 1,407 $ 366 $ 201 $ 19,407 30-59 days past due 53 136 106 54 15 12 376 60-89 days past due 28 96 69 36 10 7 246 Total performing 7,775 6,504 3,642 1,497 391 220 20,029 Nonperforming (Nonaccrual) 90+ days past due 33 216 165 85 24 17 540 Total $ 7,808 $ 6,720 $ 3,807 $ 1,582 $ 415 $ 237 $ 20,569 Gross charge-offs * $ 12 $ 464 $ 579 $ 304 $ 84 $ 58 $ 1,501 * Represents gross charge-offs for the nine months ended September 30, 2024. (dollars in millions) 2023 2022 2021 2020 2019 Prior Total December 31, 2023 Performing Current $ 9,759 $ 5,527 $ 2,454 $ 776 $ 376 $ 114 $ 19,006 30-59 days past due 113 153 88 27 16 7 404 60-89 days past due 74 104 59 17 10 4 268 Total performing 9,946 5,784 2,601 820 402 125 19,678 Nonperforming (Nonaccrual) 90+ days past due 125 259 143 40 21 8 596 Total $ 10,071 $ 6,043 $ 2,744 $ 860 $ 423 $ 133 $ 20,274 Gross charge-offs * $ 12 $ 517 $ 497 $ 147 $ 81 $ 33 $ 1,287 * Represents gross charge-offs for the nine months ended September 30, 2023. The following tables below are a summary of our auto finance loans by the year of origination and number of days delinquent: (dollars in millions) 2024 2023 2022 2021 2020 Prior Total September 30, 2024 Performing Current $ 777 $ 600 $ 311 $ 119 $ 26 $ 17 $ 1,850 30-59 days past due 12 22 20 10 2 2 68 60-89 days past due 5 6 5 1 — — 17 Total performing 794 628 336 130 28 19 1,935 Nonperforming (Nonaccrual) 90+ days past due 3 9 6 3 — — 21 Total $ 797 $ 637 $ 342 $ 133 $ 28 $ 19 $ 1,956 Gross charge-offs * $ 3 $ 25 $ 25 $ 8 $ 1 $ 1 $ 63 * Represents gross charge-offs for the nine months ended September 30, 2024. (dollars in millions) 2023 2022 2021 2020 2019 Prior Total December 31, 2023 Performing Current $ 480 $ 203 $ 34 $ 2 $ — $ — $ 719 30-59 days past due 4 6 2 — — — 12 60-89 days past due 2 3 — — — — 5 Total performing 486 212 36 2 — — 736 Nonperforming (Nonaccrual) 90+ days past due 3 5 1 — — — 9 Total $ 489 $ 217 $ 37 $ 2 $ — $ — $ 745 Gross charge-offs * $ 1 $ 10 $ 4 $ — $ — $ — $ 15 * Represents gross charge-offs for the nine months ended September 30, 2023. The following is a summary of credit cards by number of days delinquent: (dollars in millions) September 30, 2024 December 31, 2023 Current $ 482 $ 297 30-59 days past due 18 9 60-89 days past due 15 7 90+ days past due 35 17 Total $ 550 $ 330
Schedule of Information Regarding Modified Finance Receivables	The period-end carrying value of finance receivables modified during the period was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 82 $ 7 $ 141 $ 2 Interest rate reduction and principal forgiveness 126 — 101 — Total modifications to borrowers experiencing financial difficulties $ 208 $ 7 $ 242 $ 2 Modifications as a percent of net finance receivables by class 1.01 % 0.38 % 1.20 % 0.33 % Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 281 $ 14 $ 373 $ 5 Interest rate reduction and principal forgiveness 313 1 260 — Total modifications to borrowers experiencing financial difficulties $ 594 $ 15 $ 633 $ 5 Modifications as a percent of net finance receivables by class 2.89 % 0.77 % 3.14 % 0.77 % The financial effect of modifications made during the period was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 19.60 % 12.47 % 19.22 % 12.60 % Weighted-average term extension (months) 21 13 27 22 Principal/interest forgiveness $ 12 $ — $ 12 $ — Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Net finance receivables Weighted-average interest rate reduction 18.76 % 12.30 % 20.21 % 12.56 % Weighted-average term extension (months) 22 19 24 22 Principal/interest forgiveness $ 33 $ — $ 32 $ — The performance of finance receivables modified within the previous 12 months by delinquency status was as follows: September 30, 2024 (a) September 30, 2023 (b) (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Current $ 538 $ 10 $ 461 $ 4 30-59 days past due 62 2 53 1 60-89 days past due 45 2 42 — 90+ days past due 100 2 76 1 Total $ 745 $ 16 $ 632 $ 6 (a) Excludes $71 million of personal loan receivables that were modified and subsequently charged off within the previous 12 months. There were no auto finance receivables that were modified and subsequently charged off within the previous 12 months. (b) Excludes $33 million of personal loan receivables that were modified and subsequently charged off. There were no auto finance receivables that were modified and subsequently charged off. The period-end carrying value of finance receivables that defaulted during the period to cause the receivable to be considered nonperforming (90 days or more contractually past due) and had been modified within the 12 months preceding the default was as follows: Three Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 50 $ 1 $ 35 $ — Interest rate reduction and principal forgiveness 16 — 10 — Total $ 66 $ 1 $ 45 $ — Nine Months Ended September 30, 2024 2023 (dollars in millions) Personal Loans Auto Finance Personal Loans Auto Finance Interest rate reduction and term extension $ 133 $ 2 $ 46 $ 1 Interest rate reduction and principal forgiveness 47 — 12 — Total $ 180 $ 2 $ 58 $ 1

Allowance for Finance Receiva_2

Allowance for Finance Receivable Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Changes in the Allowance for Finance Receivable Losses by Finance Receivable Type	Changes in the allowance for finance receivable losses were as follows: (dollars in millions) Consumer Loans Credit Cards Total Three Months Ended September 30, 2024 Balance at beginning of period $ 2,462 $ 102 $ 2,564 Provision for finance receivable losses 472 40 512 Charge-offs (489) (21) (510) Recoveries 78 1 79 Balance at end of period $ 2,523 $ 122 $ 2,645 Three Months Ended September 30, 2023 Balance at beginning of period $ 2,360 $ 32 $ 2,392 Provision for finance receivable losses 386 24 410 Charge-offs (410) (6) (416) Recoveries 63 — 63 Balance at end of period $ 2,399 $ 50 $ 2,449 Nine Months Ended September 30, 2024 Balance at beginning of period $ 2,415 $ 65 $ 2,480 Provision for finance receivable losses 1,411 107 1,518 Charge-offs (1,564) (51) (1,615) Recoveries 230 1 231 Other (a) 31 — 31 Balance at end of period $ 2,523 $ 122 $ 2,645 Nine Months Ended September 30, 2023 Balance at beginning of period $ 2,290 $ 21 $ 2,311 Impact of adoption of ASU 2022-02 (b) (16) — (16) Provision for finance receivable losses 1,227 48 1,275 Charge-offs (1,302) (19) (1,321) Recoveries 200 — 200 Balance at end of period $ 2,399 $ 50 $ 2,449 (a) Represents allowance for finance receivable losses recognized on PCD loans acquired in the Foursight Acquisition. See Note 2 for additional information. (b) As a result of the adoption of ASU 2022-02, we recorded a one-time adjustment to the allowance for finance receivable losses. See Notes 3, 4, and 5 of the Notes to the Consolidated Financial Statements in Part II - Item 8 of our Annual Report for additional information on the adoption of ASU 2022-02.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of the Cost/Amortized Cost, Unrealized Gains And Losses, and Fair Value of Available-for-sale Securities by Type	Cost/amortized cost, allowance for credit losses, unrealized gains and losses, and fair value of fixed maturity available-for-sale securities by type were as follows: (dollars in millions) Cost/ Unrealized Unrealized Fair September 30, 2024* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 12 $ — $ — $ 12 Obligations of states, municipalities, and political subdivisions 68 — (4) 64 Non-U.S. government and government sponsored entities 157 1 (4) 154 Corporate debt 1,048 8 (51) 1,005 Mortgage-backed, asset-backed, and collateralized: RMBS 193 1 (18) 176 CMBS 29 — (2) 27 CDO/ABS 72 1 (3) 70 Total $ 1,579 $ 11 $ (82) $ 1,508 December 31, 2023* Fixed maturity available-for-sale securities: U.S. government and government sponsored entities $ 18 $ — $ (1) $ 17 Obligations of states, municipalities, and political subdivisions 72 — (6) 66 Commercial paper 14 — — 14 Non-U.S. government and government sponsored entities 172 1 (6) 167 Corporate debt 1,160 4 (79) 1,085 Mortgage-backed, asset-backed, and collateralized: RMBS 202 — (22) 180 CMBS 36 — (3) 33 CDO/ABS 91 — (6) 85 Total $ 1,765 $ 5 $ (123) $ 1,647 * The allowance for credit losses related to our investment securities as of September 30, 2024 and December 31, 2023 was immaterial.
Schedule of Fair Value and Unrealized Losses on Investment Securities by Type and Length of Time In a Continuous Unrealized Loss Position	Fair value and unrealized losses on available-for-sale securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows: Less Than 12 Months 12 Months or Longer Total (dollars in millions) Fair Unrealized Losses * Fair Unrealized Fair Unrealized September 30, 2024 U.S. government and government sponsored entities $ — $ — $ 12 $ — $ 12 $ — Obligations of states, municipalities, and political subdivisions 2 — 57 (4) 59 (4) Non-U.S. government and government sponsored entities 11 — 75 (4) 86 (4) Corporate debt 34 — 690 (51) 724 (51) Mortgage-backed, asset-backed, and collateralized: RMBS — — 143 (18) 143 (18) CMBS 1 — 26 (2) 27 (2) CDO/ABS 3 — 42 (3) 45 (3) Total $ 51 $ — $ 1,045 $ (82) $ 1,096 $ (82) December 31, 2023 U.S. government and government sponsored entities $ 1 $ — $ 11 $ (1) $ 12 $ (1) Obligations of states, municipalities, and political subdivisions 2 — 62 (6) 64 (6) Commercial paper 14 — — — 14 — Non-U.S. government and government sponsored entities 22 — 97 (6) 119 (6) Corporate debt 15 — 925 (79) 940 (79) Mortgage-backed, asset-backed, and collateralized: RMBS 5 — 152 (22) 157 (22) CMBS 2 — 32 (3) 34 (3) CDO/ABS 1 — 62 (6) 63 (6) Total $ 62 $ — $ 1,341 $ (123) $ 1,403 $ (123) * Unrealized losses on certain available-for-sale securities were less than $1 million and, therefore, were not quantified in the table above.
Schedule of Contractual Maturities of Fixed-Maturity Available-for-sale Securities	Contractual maturities of fixed-maturity available-for-sale securities at September 30, 2024 were as follows: (dollars in millions) Fair Amortized Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities: Due in 1 year or less $ 162 $ 163 Due after 1 year through 5 years 540 548 Due after 5 years through 10 years 410 439 Due after 10 years 123 135 Mortgage-backed, asset-backed, and collateralized securities 273 294 Total $ 1,508 $ 1,579
Schedule of Fair Value of Other Securities by Type	The fair value of other securities by type was as follows: (dollars in millions) September 30, 2024 December 31, 2023 Fixed maturity other securities: Bonds $ 20 $ 22 Preferred stock 15 16 Common stock 38 34 Total $ 73 $ 72

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Carrying Amount	Changes in the carrying amount of goodwill were as follows: (dollars in millions) Consumer and Insurance Nine Months Ended September 30, 2024 Balance at beginning of period $ 1,437 Goodwill recognized upon acquisition 37 Balance at end of period $ 1,474
Schedule of Gross Carrying Amount and Accumulated Amortization of Finite-lived Intangible Assets	The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount * Accumulated Amortization Net Other Intangible Assets September 30, 2024 Trade names $ 224 $ — $ 224 Licenses 25 — 25 Customer relationships 22 (1) 21 VOBA 105 (93) 12 Other 7 (1) 6 Total $ 383 $ (95) $ 288 December 31, 2023 Trade names $ 220 $ — $ 220 Licenses 25 — 25 VOBA 105 (91) 14 Other 1 — 1 Total $ 351 $ (91) $ 260 * In connection with the Foursight Acquisition, we recorded $32 million of intangible assets.
Schedule of Gross Carrying Amount of Indefinite-lived Intangible Assets	The gross carrying amount and accumulated amortization, in total and by major intangible asset class were as follows: (dollars in millions) Gross Carrying Amount * Accumulated Amortization Net Other Intangible Assets September 30, 2024 Trade names $ 224 $ — $ 224 Licenses 25 — 25 Customer relationships 22 (1) 21 VOBA 105 (93) 12 Other 7 (1) 6 Total $ 383 $ (95) $ 288 December 31, 2023 Trade names $ 220 $ — $ 220 Licenses 25 — 25 VOBA 105 (91) 14 Other 1 — 1 Total $ 351 $ (91) $ 260 * In connection with the Foursight Acquisition, we recorded $32 million of intangible assets.

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Principal Maturities of Long-term Debt	Principal maturities of long-term debt by type of debt at September 30, 2024 were as follows: Senior Debt (dollars in millions) Securitizations Private Secured Term Funding Revolving Unsecured Junior Total Interest rates (b) 0.87%-10.98% 6.21% 6.14%-6.36% 3.50%-9.00% 7.31 % Remainder of 2024 $ — $ — $ — $ — $ — $ — 2025 — — — — — — 2026 — — — 1,600 — 1,600 2027 — — — 750 — 750 2028 — — — 1,350 — 1,350 2029-2067 — — — 4,682 350 5,032 Secured (c) 12,178 350 176 — — 12,704 Total principal maturities $ 12,178 $ 350 $ 176 $ 8,382 $ 350 $ 21,436 Total carrying amount $ 12,130 $ 350 $ 176 $ 8,309 $ 172 $ 21,137 Debt issuance costs (d) (40) — — (69) — (109) (a) Pursuant to the Base Indenture, the Supplemental Indentures, and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions. (b) The interest rates shown are the range of contractual rates in effect at September 30, 2024. (c) Securitizations, private secured term funding, and borrowings under the revolving conduit facilities are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. See Note 9 for further information on our long-term debt associated with securitizations, private secured term funding, and revolving conduit facilities. (d) Debt issuance costs are reported as a direct deduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, credit card revolving variable funding note (“VFN”) facilities, and unsecured corporate revolver, which totaled $41 million at September 30, 2024 and are reported in Other assets in our condensed consolidated balance sheets.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Carrying Amounts of Consolidated VIE Assets and Liabilities	The carrying amounts of consolidated VIE assets and liabilities associated with our securitization trusts, private secured term funding, revolving conduit facilities, and credit card revolving VFN facilities were as follows: (dollars in millions) September 30, 2024 December 31, 2023 Assets Cash and cash equivalents $ 5 $ 2 Net finance receivables 14,159 12,780 Allowance for finance receivable losses 1,631 1,428 Restricted cash and restricted cash equivalents 662 523 Other assets 43 32 Liabilities Long-term debt $ 12,656 $ 11,579 Other liabilities 31 27

Insurance (Tables)

Insurance (Tables)	9 Months Ended
	Sep. 30, 2024
Insurance [Abstract]
Schedule of Changes in the Reserve for Unpaid Claims and Loss Adjustment Expenses	Changes in the reserve for unpaid claims and loss adjustment expenses (net of reinsurance recoverables) on our short-duration insurance contracts were as follows: At or for the (dollars in millions) 2024 2023 Balance at beginning of period $ 108 $ 93 Less reinsurance recoverables (3) (3) Net balance at beginning of period 105 90 Additions for losses and loss adjustment expenses incurred to: Current year 142 127 Prior years * (11) (2) Total 131 125 Reductions for losses and loss adjustment expenses paid related to: Current year (79) (67) Prior years (56) (49) Total (135) (116) Net balance at end of period 101 99 Plus reinsurance recoverables 3 3 Balance at end of period $ 104 $ 102 * At September 30, 2024, there was a redundancy in the prior years’ net reserves due to favorable development of credit disability claims during the period. At September 30, 2023, there was a redundancy in the prior years’ net reserves due to favorable development of credit disability claims during the period.
Schedule of Liability for Future Policy Benefit, Activity	The present values of expected net premiums on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Balance at beginning of period $ 217 $ 41 $ 252 $ 48 Effect of cumulative changes in discount rate assumptions (beginning of period) (5) — (8) — Beginning balance at original discount rate 212 41 244 48 Effect of changes in cash flow assumptions (3) 1 (2) (1) Effect of actual variances from expected experience (15) (6) (7) (1) Adjusted balance at beginning of period 194 36 235 46 Interest accretion 8 1 9 2 Net premiums collected (20) (4) (25) (5) Ending balance at original discount rate 182 33 219 43 Effect of changes in discount rate assumptions 7 1 (3) (2) Balance at ending of period $ 189 $ 34 $ 216 $ 41 The present values of expected future policy benefits on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Balance at beginning of period $ 435 $ 113 $ 483 $ 126 Effect of cumulative changes in discount rate assumptions (beginning of period) (12) — (17) (1) Beginning balance at original discount rate 423 113 466 125 Effect of changes in cash flow assumptions (4) 2 (4) (1) Effect of actual variances from expected experience (18) (8) (9) 1 Adjusted balance at beginning of period 401 107 453 125 Net issuances 3 1 2 1 Interest accretion 16 4 18 4 Benefit payments (38) (12) (41) (14) Ending balance at original discount rate 382 100 432 116 Effect of changes in discount rate assumptions 18 1 (4) (5) Balance at ending of period $ 400 $ 101 $ 428 $ 111 The net liabilities for future policy benefits on long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Net liability for future policy benefits $ 211 $ 67 $ 212 $ 70 Deferred profit liability 12 49 14 53 Total net liability for future policy benefits $ 223 $ 116 $ 226 $ 123 The following table reconciles the net liability for future policy benefits to Insurance claims and policyholder liabilities in the condensed consolidated balance sheets: At or for the (dollars in millions) 2024 2023 Term and whole life $ 223 $ 226 Accidental death and disability protection 116 123 Other* 258 250 Total $ 597 $ 599 * Other primarily includes reserves for short-duration contracts that are payable to third-party beneficiaries. The undiscounted and discounted expected future gross premiums and expected future benefits and expenses for our long-duration insurance contracts were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Expected future gross premiums: Undiscounted $ 377 $ 125 $ 445 $ 150 Discounted 280 92 310 105 Expected future benefit payments: Undiscounted 542 147 622 171 Discounted 400 101 428 111 The revenue and interest accretion related to our long-duration insurance contracts recognized in the condensed consolidated statements of operations were as follows: At or for the 2024 2023 (dollars in millions) Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Gross premiums or assessments $ 39 $ 13 $ 44 $ 14 Interest accretion $ 8 $ 3 $ 9 $ 3 The weighted-average interest rates for the liability of future policy benefits for our long-duration insurance contracts were as follows: At or for the 2024 2023 Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Interest accretion rate 5.28 % 4.86 % 5.27 % 4.86 % Current discount rate 4.79 % 4.86 % 5.60 % 5.59 %
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The expected and actual experiences for mortality, morbidity, and lapses of the liability for future policy benefits were as follows: At or for the 2024 2023 Term and Accidental Death and Disability Protection Term and Accidental Death and Disability Protection Mortality/Morbidity: Expected 0.36 % 0.01 % 0.38 % 0.01 % Actual 0.34 % 0.01 % 0.35 % 0.01 % Lapses: Expected 3.79 % 1.84 % 2.85 % 1.95 % Actual 3.61 % 3.79 % 2.27 % 2.07 %

Capital Stock and Earnings Pe_2

Capital Stock and Earnings Per Share (OMH Only) (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Changes in Shares Issued and Outstanding	Changes in OMH shares of common stock issued and outstanding were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance at beginning of period 119,758,091 120,446,799 119,757,277 121,042,125 Common stock issued 45,729 45,507 269,003 261,955 Common stock repurchased (420,486) (268,269) (680,709) (1,120,903) Treasury stock issued 20,294 21,260 58,057 62,120 Balance at end of period 119,403,628 120,245,297 119,403,628 120,245,297
Schedule of Computation of Earnings Per Share	The computation of earnings per share was as follows: Three Months Ended September 30, Nine Months Ended (dollars in millions, except per share data) 2024 2023 2024 2023 Numerator (basic and diluted): Net income $ 157 $ 194 $ 383 $ 476 Denominator: Weighted average number of shares outstanding (basic) 119,674,809 120,407,889 119,763,844 120,571,103 Effect of dilutive securities * 443,298 346,805 418,809 219,382 Weighted average number of shares outstanding (diluted) 120,118,107 120,754,694 120,182,653 120,790,485 Earnings per share: Basic $ 1.32 $ 1.61 $ 3.20 $ 3.95 Diluted $ 1.31 $ 1.61 $ 3.18 $ 3.94 *

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Changes, Net of Tax, in Accumulated Other Comprehensive Income (Loss)	Changes, net of tax, in Accumulated other comprehensive income (loss) were as follows: (dollars in millions) Unrealized Retirement Foreign Changes in discount rate for insurance claims and policyholder liabilities Other (b) Total Three Months Ended Balance at beginning of period $ (100) $ (8) $ (6) $ (1) $ 20 $ (95) Other comprehensive income (loss) before reclassifications 42 — 2 (8) (2) 34 Reclassification adjustments from accumulated other comprehensive income (loss) 2 — — — — 2 Balance at end of period $ (56) $ (8) $ (4) $ (9) $ 18 $ (59) Three Months Ended Balance at beginning of period $ (124) $ (8) $ (2) $ (3) $ 23 $ (114) Other comprehensive income (loss) before reclassifications (22) — (3) 7 3 (15) Balance at end of period $ (146) $ (8) $ (5) $ 4 $ 26 $ (129) Nine Months Ended Balance at beginning of period $ (93) $ (8) $ (2) $ (5) $ 21 $ (87) Other comprehensive income (loss) before reclassifications 35 — (2) (4) (3) 26 Reclassification adjustments from accumulated other comprehensive income (loss) 2 — — — — 2 Balance at end of period $ (56) $ (8) $ (4) $ (9) $ 18 $ (59) Nine Months Ended Balance at beginning of period $ (131) $ (8) $ (5) $ (8) $ 25 $ (127) Other comprehensive income (loss) before reclassifications (15) — — 12 1 (2) Balance at end of period $ (146) $ (8) $ (5) $ 4 $ 26 $ (129) (a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the three and nine months ended September 30, 2024 and 2023. (b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Information About the Company's Segments	The following tables present information about C&I and Other, as well as reconciliations to the condensed consolidated financial statement amounts. (dollars in millions) Consumer Other Segment to Consolidated Three Months Ended September 30, 2024 Interest income $ 1,271 $ 1 $ 10 $ 1,282 Interest expense 299 1 1 301 Provision for finance receivable losses 512 — — 512 Net interest income after provision for finance receivable losses 460 — 9 469 Other revenues 181 2 (1) 182 Other expenses 441 2 1 444 Income before income tax expense $ 200 $ — $ 7 $ 207 Three Months Ended September 30, 2023 Interest income $ 1,166 $ 1 $ — $ 1,167 Interest expense 265 1 1 267 Provision for finance receivable losses 410 — — 410 Net interest income after provision for finance receivable losses 491 — (1) 490 Other revenues 182 3 — 185 Other expenses 423 7 (1) 429 Income (loss) before income tax expense (benefit) $ 250 $ (4) $ — $ 246 Nine Months Ended September 30, 2024 Interest income $ 3,653 $ 3 $ 17 $ 3,673 Interest expense 871 1 2 874 Provision for finance receivable losses 1,458 — 60 1,518 Net interest income after provision for finance receivable losses 1,324 2 (45) 1,281 Other revenues 531 6 (1) 536 Other expenses 1,307 7 — 1,314 Income before income tax expense $ 548 $ 1 $ (46) $ 503 Assets $ 24,437 $ 14 $ 1,127 $ 25,578 Nine Months Ended September 30, 2023 Interest income $ 3,373 $ 3 $ 1 $ 3,377 Interest expense 744 2 3 749 Provision for finance receivable losses 1,275 — — 1,275 Net interest income after provision for finance receivable losses 1,354 1 (2) 1,353 Other revenues 543 5 — 548 Other expenses 1,273 11 (2) 1,282 Income (loss) before income tax expense (benefit) $ 624 $ (5) $ — $ 619 Assets $ 22,899 $ 30 $ 1,217 $ 24,146

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Values and Carrying Values of Financial Instruments and Fair Value Hierarchy Based on the Level of Inputs Utilized to Determine Such Fair Value	The following table presents the carrying amounts and estimated fair values of our financial instruments and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Fair Value Measurements Using Total Total (dollars in millions) Level 1 Level 2 Level 3 September 30, 2024 Assets Cash and cash equivalents $ 572 $ 5 $ — $ 577 $ 577 Investment securities 57 1,521 3 1,581 1,581 Net finance receivables, less allowance for finance receivable losses — — 22,641 22,641 20,430 Restricted cash and restricted cash equivalents 686 7 — 693 693 Other assets * — — 36 36 25 Liabilities Long-term debt $ — $ 21,311 $ — $ 21,311 $ 21,137 December 31, 2023 Assets Cash and cash equivalents $ 1,014 $ — $ — $ 1,014 $ 1,014 Investment securities 54 1,662 3 1,719 1,719 Net finance receivables, less allowance for finance receivable losses — — 20,490 20,490 18,869 Restricted cash and restricted cash equivalents 534 — — 534 534 Other assets * — — 40 40 29 Liabilities Long-term debt $ — $ 19,457 $ — $ 19,457 $ 19,813 *
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present information about our assets measured at fair value on a recurring basis and indicates the fair value hierarchy based on the levels of inputs we utilized to determine such fair value: Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 September 30, 2024 Assets Cash equivalents in mutual funds $ 189 $ — $ — $ 189 Cash equivalents in securities — 5 — 5 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 12 — 12 Obligations of states, municipalities, and political subdivisions — 64 — 64 Non-U.S. government and government sponsored entities — 154 — 154 Corporate debt 6 998 1 1,005 RMBS — 176 — 176 CMBS — 27 — 27 CDO/ABS — 70 — 70 Total available-for-sale securities 6 1,501 1 1,508 Other securities Bonds: Corporate debt — 4 — 4 CDO/ABS — 16 — 16 Total bonds — 20 — 20 Preferred stock 15 — — 15 Common stock 36 — 2 38 Total other securities 51 20 2 73 Total investment securities 57 1,521 3 1,581 Restricted cash equivalents in mutual funds 672 — — 672 Restricted cash equivalents in securities — 7 — 7 Total $ 918 $ 1,533 $ 3 $ 2,454 Fair Value Measurements Using Total Carried At Fair Value (dollars in millions) Level 1 Level 2 Level 3 December 31, 2023 Assets Cash equivalents in mutual funds $ 97 $ — $ — $ 97 Investment securities: Available-for-sale securities U.S. government and government sponsored entities — 17 — 17 Obligations of states, municipalities, and political subdivisions — 66 — 66 Commercial paper — 14 — 14 Non-U.S. government and government sponsored entities — 167 — 167 Corporate debt 6 1,078 1 1,085 RMBS — 180 — 180 CMBS — 33 — 33 CDO/ABS — 85 — 85 Total available-for-sale securities 6 1,640 1 1,647 Other securities Bonds: Corporate debt — 4 — 4 CDO/ABS — 18 — 18 Total bonds — 22 — 22 Preferred stock 16 — — 16 Common stock 32 — 2 34 Total other securities 48 22 2 72 Total investment securities 54 1,662 3 1,719 Restricted cash equivalents in mutual funds 525 — — 525 Total $ 676 $ 1,662 $ 3 $ 2,341

Foursight Acquisition - Narrati

Foursight Acquisition - Narrative (Details) - USD ($) $ in Millions	Apr. 01, 2024	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 1,474	$ 1,437
Foursight Capital LLC
Business Acquisition [Line Items]
Cash consideration	$ 125
Goodwill	37
Goodwill, expected tax deductible amount	52
Net finance receivables	867
Unpaid principal balance of loans	908
Loans acquired on PCD loans	226
Allowance for PCD loans	31
Uncollectible and finance receivable losses	61
Foursight Capital LLC | Auto Finance
Business Acquisition [Line Items]
Net finance receivables	$ 829

Foursight Acquisition - Schedul

Foursight Acquisition - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Millions	Sep. 30, 2024	Apr. 01, 2024	Dec. 31, 2023
Fair value of liabilities assumed:
Goodwill	$ 1,474		$ 1,437
Foursight Capital LLC
Fair value of assets acquired:
Cash consideration		$ 125
Cash and cash equivalents		10
Net finance receivables		867
Allowance for finance receivable losses		(31)
Restricted cash and restricted cash equivalents		50
Other intangibles		32
Other assets		21
Fair value of liabilities assumed:
Long-term debt		848
Other liabilities		13
Goodwill		$ 37

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Whole loan sale flow agreement, loans sold	$ 330		$ 330
Proceeds from sale of gross finance receivables	124	$ 135	427	$ 450
Gain on sale of financing receivables	6	11	18	42
Unused credit card lines	$ 318		$ 318		$ 223
Credit Cards
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due	180 days		180 days
Unlikely to be Collected Financing Receivable | Total Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due	60 days		60 days
Nonperforming (Nonaccrual) | Total Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due	90 days		90 days
Nonperforming (Nonaccrual) | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reversal of net accrued finance charges and fees	$ 40	$ 36	$ 118	$ 104
Minimum | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term			3 years
Minimum | Auto Finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term			3 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Whole loan sale flow agreement, commitment period			1 year
Maximum | Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term			6 years
Maximum | Auto Finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, original term			6 years

Finance Receivables - Schedule

Finance Receivables - Schedule of Net Finance Receivables by Type (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	$ 22,757	$ 21,043
Unearned fees	(260)	(236)
Accrued finance charges and fees	349	333
Deferred origination costs	229	209
Total	23,075	21,349
Total Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	22,219	20,721
Unearned fees	(260)	(236)
Accrued finance charges and fees	349	333
Deferred origination costs	217	201
Total	22,525	21,019
Personal Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	20,274	19,977
Unearned fees	(233)	(223)
Accrued finance charges and fees	331	326
Deferred origination costs	197	194
Total	20,569	20,274
Auto Finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,945	744
Unearned fees	(27)	(13)
Accrued finance charges and fees	18	7
Deferred origination costs	20	7
Total	1,956	745
Credit Cards
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	538	322
Unearned fees	0	0
Accrued finance charges and fees	0	0
Deferred origination costs	12	8
Total	$ 550	$ 330

Finance Receivables - Schedul_2

Finance Receivables - Schedule of Delinquent and Nonperforming Finance Receivables, by Year of Origination (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable By Year Originated
Total	$ 23,075		$ 23,075		$ 21,349
Gross charge-offs
Total	510	$ 416	1,615	$ 1,321
Personal Loans
Financing Receivable By Year Originated
Year one	7,808		7,808		10,071
Prior year two	6,720		6,720		6,043
Prior year three	3,807		3,807		2,744
Prior year four	1,582		1,582		860
Prior year five	415		415		423
Prior year six	237		237		133
Total	20,569		20,569		20,274
Gross charge-offs
Year one			12	12
Prior year two			464	517
Prior year three			579	497
Prior year four			304	147
Prior year five			84	81
Prior year six			58	33
Total			1,501	1,287
Auto Finance
Financing Receivable By Year Originated
Year one	797		797		489
Prior year two	637		637		217
Prior year three	342		342		37
Prior year four	133		133		2
Prior year five	28		28		0
Prior year six	19		19		0
Total	1,956		1,956		745
Gross charge-offs
Year one			3	1
Prior year two			25	10
Prior year three			25	4
Prior year four			8	0
Prior year five			1	0
Prior year six			1	0
Total			63	$ 15
Performing | Personal Loans
Financing Receivable By Year Originated
Year one	7,775		7,775		9,946
Prior year two	6,504		6,504		5,784
Prior year three	3,642		3,642		2,601
Prior year four	1,497		1,497		820
Prior year five	391		391		402
Prior year six	220		220		125
Total	20,029		20,029		19,678
Performing | Auto Finance
Financing Receivable By Year Originated
Year one	794		794		486
Prior year two	628		628		212
Prior year three	336		336		36
Prior year four	130		130		2
Prior year five	28		28		0
Prior year six	19		19		0
Total	1,935		1,935		736
Performing | Current | Personal Loans
Financing Receivable By Year Originated
Year one	7,694		7,694		9,759
Prior year two	6,272		6,272		5,527
Prior year three	3,467		3,467		2,454
Prior year four	1,407		1,407		776
Prior year five	366		366		376
Prior year six	201		201		114
Total	19,407		19,407		19,006
Performing | Current | Auto Finance
Financing Receivable By Year Originated
Year one	777		777		480
Prior year two	600		600		203
Prior year three	311		311		34
Prior year four	119		119		2
Prior year five	26		26		0
Prior year six	17		17		0
Total	1,850		1,850		719
Performing | 30-59 days past due | Personal Loans
Financing Receivable By Year Originated
Year one	53		53		113
Prior year two	136		136		153
Prior year three	106		106		88
Prior year four	54		54		27
Prior year five	15		15		16
Prior year six	12		12		7
Total	376		376		404
Performing | 30-59 days past due | Auto Finance
Financing Receivable By Year Originated
Year one	12		12		4
Prior year two	22		22		6
Prior year three	20		20		2
Prior year four	10		10		0
Prior year five	2		2		0
Prior year six	2		2		0
Total	68		68		12
Performing | 60-89 days past due | Personal Loans
Financing Receivable By Year Originated
Year one	28		28		74
Prior year two	96		96		104
Prior year three	69		69		59
Prior year four	36		36		17
Prior year five	10		10		10
Prior year six	7		7		4
Total	246		246		268
Performing | 60-89 days past due | Auto Finance
Financing Receivable By Year Originated
Year one	5		5		2
Prior year two	6		6		3
Prior year three	5		5		0
Prior year four	1		1		0
Prior year five	0		0		0
Prior year six	0		0		0
Total	17		17		5
Nonperforming (Nonaccrual) | 90+ days past due | Personal Loans
Financing Receivable By Year Originated
Year one	33		33		125
Prior year two	216		216		259
Prior year three	165		165		143
Prior year four	85		85		40
Prior year five	24		24		21
Prior year six	17		17		8
Total	540		540		596
Nonperforming (Nonaccrual) | 90+ days past due | Auto Finance
Financing Receivable By Year Originated
Year one	3		3		3
Prior year two	9		9		5
Prior year three	6		6		1
Prior year four	3		3		0
Prior year five	0		0		0
Prior year six	0		0		0
Total	$ 21		$ 21		$ 9

Finance Receivables - Schedul_3

Finance Receivables - Schedule of Credit Cards by Number of Days Delinquent (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Delinquency by finance receivables type
Net finance receivables	$ 23,075	$ 21,349
Credit Cards
Delinquency by finance receivables type
Net finance receivables	550	330
Credit Cards | Current
Delinquency by finance receivables type
Net finance receivables	482	297
Credit Cards | 30-59 days past due
Delinquency by finance receivables type
Net finance receivables	18	9
Credit Cards | 60-89 days past due
Delinquency by finance receivables type
Net finance receivables	15	7
Credit Cards | 90+ days past due
Delinquency by finance receivables type
Net finance receivables	$ 35	$ 17

Finance Receivables - Schedul_4

Finance Receivables - Schedule of Modified Financing Receivables To Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Personal Loans
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	$ 208	$ 242	$ 594	$ 633
Modifications as a percent of net finance receivables by class	1.01%	1.20%	2.89%	3.14%
Personal Loans | Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	$ 82	$ 141	$ 281	$ 373
Personal Loans | Interest rate reduction and principal forgiveness
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	126	101	313	260
Auto Finance
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	$ 7	$ 2	$ 15	$ 5
Modifications as a percent of net finance receivables by class	0.38%	0.33%	0.77%	0.77%
Auto Finance | Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	$ 7	$ 2	$ 14	$ 5
Auto Finance | Interest rate reduction and principal forgiveness
Financing Receivable, Modified [Line Items]
Total modifications to borrowers experiencing financial difficulties	$ 0	$ 0	$ 1	$ 0

Finance Receivables - Schedul_5

Finance Receivables - Schedule of Modified Financing Receivables Financial Effects (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Personal Loans
Financing Receivable, Modified [Line Items]
Weighted-average interest rate reduction	19.60%	19.22%	18.76%	20.21%
Weighted-average term extension (months)	21 months	27 months	22 months	24 months
Principal/interest forgiveness	$ 12	$ 12	$ 33	$ 32
Auto Finance
Financing Receivable, Modified [Line Items]
Weighted-average interest rate reduction	12.47%	12.60%	12.30%	12.56%
Weighted-average term extension (months)	13 months	22 months	19 months	22 months
Principal/interest forgiveness	$ 0	$ 0	$ 0	$ 0

Finance Receivables - Schedul_6

Finance Receivables - Schedule of Modified Financing Receivables Days Delinquent (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Personal Loans
Financing Receivable, Modified [Line Items]
Modified financing receivables	$ 745,000,000	$ 632,000,000
Finance receivables subsequently charged off	71,000,000	33,000,000
Auto Finance
Financing Receivable, Modified [Line Items]
Modified financing receivables	16,000,000	6,000,000
Finance receivables subsequently charged off	0	0
Current | Personal Loans
Financing Receivable, Modified [Line Items]
Modified financing receivables	538,000,000	461,000,000
Current | Auto Finance
Financing Receivable, Modified [Line Items]
Modified financing receivables	10,000,000	4,000,000
30-59 days past due | Personal Loans
Financing Receivable, Modified [Line Items]
Modified financing receivables	62,000,000	53,000,000
30-59 days past due | Auto Finance
Financing Receivable, Modified [Line Items]
Modified financing receivables	2,000,000	1,000,000
60-89 days past due | Personal Loans
Financing Receivable, Modified [Line Items]
Modified financing receivables	45,000,000	42,000,000
60-89 days past due | Auto Finance
Financing Receivable, Modified [Line Items]
Modified financing receivables	2,000,000	0
90+ days past due | Personal Loans
Financing Receivable, Modified [Line Items]
Modified financing receivables	100,000,000	76,000,000
90+ days past due | Auto Finance
Financing Receivable, Modified [Line Items]
Modified financing receivables	$ 2,000,000	$ 1,000,000

Finance Receivables - Schedul_7

Finance Receivables - Schedule of Modified Finance Receivables, Nonperforming (Details) - Nonperforming (Nonaccrual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Personal Loans
Financing Receivable, Modified [Line Items]
Modified finance receivables	$ 66	$ 45	$ 180	$ 58
Personal Loans | Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Modified finance receivables	50	35	133	46
Personal Loans | Interest rate reduction and principal forgiveness
Financing Receivable, Modified [Line Items]
Modified finance receivables	16	10	47	12
Auto Finance
Financing Receivable, Modified [Line Items]
Modified finance receivables	1	0	2	1
Auto Finance | Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Modified finance receivables	1	0	2	1
Auto Finance | Interest rate reduction and principal forgiveness
Financing Receivable, Modified [Line Items]
Modified finance receivables	$ 0	$ 0	$ 0	$ 0

Allowance for Finance Receiva_3

Allowance for Finance Receivable Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes in allowance for finance receivable losses
Balance at beginning of period	$ 2,564	$ 2,392	$ 2,480	$ 2,311
Provision for finance receivable losses	512	410	1,518	1,275
Charge-offs	(510)	(416)	(1,615)	(1,321)
Recoveries	79	63	231	200
Other			31
Balance at end of period	2,645	2,449	2,645	2,449
Net Impact of Adoption of ASU 2022-02
Changes in allowance for finance receivable losses
Balance at beginning of period				(16)
Total Consumer Loans
Changes in allowance for finance receivable losses
Balance at beginning of period	2,462	2,360	2,415	2,290
Provision for finance receivable losses	472	386	1,411	1,227
Charge-offs	(489)	(410)	(1,564)	(1,302)
Recoveries	78	63	230	200
Other			31
Balance at end of period	2,523	2,399	2,523	2,399
Total Consumer Loans | Net Impact of Adoption of ASU 2022-02
Changes in allowance for finance receivable losses
Balance at beginning of period				(16)
Credit Cards
Changes in allowance for finance receivable losses
Balance at beginning of period	102	32	65	21
Provision for finance receivable losses	40	24	107	48
Charge-offs	(21)	(6)	(51)	(19)
Recoveries	1	0	1	0
Other			0
Balance at end of period	$ 122	$ 50	$ 122	50
Credit Cards | Net Impact of Adoption of ASU 2022-02
Changes in allowance for finance receivable losses
Balance at beginning of period				$ 0

Investment Securities - Schedul

Investment Securities - Schedule of Cost/Amortized, Unrealized Gains/Losses & FV on AFS Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	$ 1,579	$ 1,765
Unrealized Gains	11	5
Unrealized Losses	(82)	(123)
Fair Value	1,508	1,647
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	12	18
Unrealized Gains	0	0
Unrealized Losses	0	(1)
Fair Value	12	17
Obligations of states, municipalities, and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	68	72
Unrealized Gains	0	0
Unrealized Losses	(4)	(6)
Fair Value	64	66
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost		14
Unrealized Gains		0
Unrealized Losses		0
Fair Value		14
Non-U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	157	172
Unrealized Gains	1	1
Unrealized Losses	(4)	(6)
Fair Value	154	167
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	1,048	1,160
Unrealized Gains	8	4
Unrealized Losses	(51)	(79)
Fair Value	1,005	1,085
RMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	193	202
Unrealized Gains	1	0
Unrealized Losses	(18)	(22)
Fair Value	176	180
CMBS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	29	36
Unrealized Gains	0	0
Unrealized Losses	(2)	(3)
Fair Value	27	33
CDO/ABS
Debt Securities, Available-for-sale [Line Items]
Cost/ Amortized Cost	72	91
Unrealized Gains	1	0
Unrealized Losses	(3)	(6)
Fair Value	$ 70	$ 85

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) investment
Investments, Debt and Equity Securities [Abstract]
Interest receivable	$ 13		$ 13		$ 14
Investment securities in an unrealized loss position | investment	1,596		1,596		1,984
Proceeds from sales and redemptions	$ 94	$ 27	$ 138	$ 74
Securities on deposit with third parties	$ 478		$ 478		$ 524

Investment Securities - Sched_2

Investment Securities - Schedule of Fair Value and Unrealized Losses on AFS Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 51	$ 62
12 Months or Longer	1,045	1,341
Total	1,096	1,403
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(82)	(123)
Total	(82)	(123)
U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	0	1
12 Months or Longer	12	11
Total	12	12
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	0	(1)
Total	0	(1)
Obligations of states, municipalities, and political subdivisions
Fair Value
Less Than 12 Months	2	2
12 Months or Longer	57	62
Total	59	64
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(4)	(6)
Total	(4)	(6)
Commercial paper
Fair Value
Less Than 12 Months		14
12 Months or Longer		0
Total		14
Unrealized Losses *
Less Than 12 Months		0
12 Months or Longer		0
Total		0
Non-U.S. government and government sponsored entities
Fair Value
Less Than 12 Months	11	22
12 Months or Longer	75	97
Total	86	119
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(4)	(6)
Total	(4)	(6)
Corporate debt
Fair Value
Less Than 12 Months	34	15
12 Months or Longer	690	925
Total	724	940
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(51)	(79)
Total	(51)	(79)
RMBS
Fair Value
Less Than 12 Months	0	5
12 Months or Longer	143	152
Total	143	157
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(18)	(22)
Total	(18)	(22)
CMBS
Fair Value
Less Than 12 Months	1	2
12 Months or Longer	26	32
Total	27	34
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(2)	(3)
Total	(2)	(3)
CDO/ABS
Fair Value
Less Than 12 Months	3	1
12 Months or Longer	42	62
Total	45	63
Unrealized Losses *
Less Than 12 Months	0	0
12 Months or Longer	(3)	(6)
Total	$ (3)	$ (6)

Investment Securities - Sched_3

Investment Securities - Schedule of Contractual Maturities of AFS Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	$ 162
Due after 1 year through 5 years	540
Due after 5 years through 10 years	410
Due after 10 years	123
Mortgage-backed, asset-backed, and collateralized securities	273
Fair Value	1,508	$ 1,647
Fixed maturities, excluding mortgage-backed, asset-backed, and collateralized securities:
Due in 1 year or less	163
Due after 1 year through 5 years	548
Due after 5 years through 10 years	439
Due after 10 years	135
Mortgage-backed, asset-backed, and collateralized securities	294
Cost/ Amortized Cost	$ 1,579	$ 1,765

Investment Securities - Sched_4

Investment Securities - Schedule of Fair Value of Other Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Bonds	$ 20	$ 22
Total	73	72
Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	15	16
Common stock
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 38	$ 34

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Apr. 01, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill	$ 1,474,000,000		$ 1,437,000,000
Impairments to goodwill	$ 0
Foursight Capital LLC
Goodwill [Line Items]
Goodwill		$ 37,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 1,437
Balance at end of period	1,474
Consumer and Insurance
Goodwill [Roll Forward]
Balance at beginning of period	1,437
Goodwill recognized upon acquisition	37
Balance at end of period	$ 1,474

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Apr. 01, 2024	Dec. 31, 2023
Schedule Of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 383		$ 351
Net Other Intangible Assets	288		260
Acquired Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	(95)		(91)
Gross Carrying Amount	383		351
Net Other Intangible Assets	288		260
Foursight Capital LLC
Acquired Finite-Lived Intangible Assets [Line Items]
Other intangibles		$ 32
Other intangibles		$ 32
Trade names
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets			220
Licenses
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	25		25
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	22
Accumulated Amortization	(1)
Net Other Intangible Assets	21
VOBA
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	105		105
Accumulated Amortization	(93)		(91)
Net Other Intangible Assets	12		14
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7		1
Accumulated Amortization	(1)		0
Net Other Intangible Assets	6		$ 1
Trade names
Schedule Of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	224
Net Other Intangible Assets	224
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	224
Net Other Intangible Assets	$ 224

Long-term Debt - Schedule of Pr

Long-term Debt - Schedule of Principal Maturities of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Principal maturities of long-term debt by type of debt
Remainder of 2024	$ 0
2025	0
2026	1,600
2027	750
2028	1,350
2029-2067	5,032
Secured	12,704
Total principal maturities	21,436
Long-term debt	21,137	$ 19,813
Debt issuance costs	$ (109)
Junior Subordinated Debt
Long-term debt
Interest rate	7.31%
Principal maturities of long-term debt by type of debt
Remainder of 2024	$ 0
2025	0
2026	0
2027	0
2028	0
2029-2067	350
Secured	0
Total principal maturities	350
Long-term debt	172
Debt issuance costs	0
Securitizations
Principal maturities of long-term debt by type of debt
Remainder of 2024	0
2025	0
2026	0
2027	0
2028	0
2029-2067	0
Secured	12,178
Total principal maturities	12,178
Long-term debt	12,130
Debt issuance costs	$ (40)
Private Secured Term Funding
Long-term debt
Interest rate	6.21%
Principal maturities of long-term debt by type of debt
Remainder of 2024	$ 0
2025	0
2026	0
2027	0
2028	0
2029-2067	0
Secured	350
Total principal maturities	350
Long-term debt	350
Debt issuance costs	0
Revolving Conduit Facilities
Principal maturities of long-term debt by type of debt
Remainder of 2024	0
2025	0
2026	0
2027	0
2028	0
2029-2067	0
Secured	176
Total principal maturities	176
Long-term debt	176
Debt issuance costs	0
Unsecured Notes | Unsecured Notes
Principal maturities of long-term debt by type of debt
Remainder of 2024	0
2025	0
2026	1,600
2027	750
2028	1,350
2029-2067	4,682
Secured	0
Total principal maturities	8,382
Long-term debt	8,309
Debt issuance costs	(69)
Revolving Conduit Facilities And Unsecured Corporate Revolver
Principal maturities of long-term debt by type of debt
Debt issuance costs	$ 41
Minimum | Securitizations
Long-term debt
Interest rate	0.87%
Minimum | Revolving Conduit Facilities
Long-term debt
Interest rate	6.14%
Minimum | Unsecured Notes | Unsecured Notes
Long-term debt
Interest rate	3.50%
Maximum | Securitizations
Long-term debt
Interest rate	10.98%
Maximum | Revolving Conduit Facilities
Long-term debt
Interest rate	6.36%
Maximum | Unsecured Notes | Unsecured Notes
Long-term debt
Interest rate	9%

Long-term Debt- Narrative (Deta

Long-term Debt- Narrative (Details) - Revolver - OMFC - USD ($) $ in Billions	Oct. 25, 2021	Sep. 30, 2024
Debt Instrument [Line Items]
Total borrowing capacity		$ 1.1
Debt instrument, term	5 years

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Carrying Amount of Consolidated VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Cash and cash equivalents	$ 577		$ 1,014	$ 1,190
Net finance receivables	23,075		21,349
Allowance for finance receivable losses	2,645	$ 2,564	2,480	2,449	$ 2,392	$ 2,311
Restricted cash and restricted cash equivalents	693		534	$ 580
Other assets	1,300		1,232
Long-term debt	21,137		19,813
Consolidated VIEs
Variable Interest Entity [Line Items]
Cash and cash equivalents	5		2
Net finance receivables	14,159		12,780
Allowance for finance receivable losses	1,631		1,428
Restricted cash and restricted cash equivalents	662		523
Other assets	43		32
Long-term debt	12,656		11,579
Other liabilities	$ 31		$ 27

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Variable Interest Entity [Line Items]
Interest expense	$ 301	$ 267	$ 874	$ 749
Consolidated VIEs
Variable Interest Entity [Line Items]
Interest expense	$ 164	$ 128	$ 463	$ 343

Variable Interest Entities - Se

Variable Interest Entities - Securitized Borrowings (Details) - Securitizations	9 Months Ended
	Sep. 30, 2024
Minimum
Debt Instrument [Line Items]
Debt instrument, term	2 years
Maximum
Debt Instrument [Line Items]
Debt instrument, term	7 years

Variable Interest Entities - Cr

Variable Interest Entities - Credit Card Revolving VFN Facilities (Details) - Consolidated VIEs $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) vfn_facility
Debt Instrument [Line Items]
Number of revolving credit card VFN facilities | vfn_facility	2
Revolving Credit Card VFN Facility
Debt Instrument [Line Items]
Total borrowing capacity | $	$ 300
Debt instrument, term	5 years

Variable Interest Entities - Pr

Variable Interest Entities - Private Secured Term Funding (Details) - Consolidated VIEs - Private Secured Term Funding	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 350,000,000
Payments required in first 3 years	$ 0
Amortization period after first 3 years	1 year

Variable Interest Entities - Re

Variable Interest Entities - Revolving Conduit Facilities (Details) - Consolidated VIEs - Revolving Conduit Facilities $ in Billions	9 Months Ended
	Sep. 30, 2024 USD ($) facility
Line of Credit Facility [Line Items]
Number of conduit facilities | facility	19
Total borrowing capacity | $	$ 6.9
Debt instrument, term	10 years

Insurance - Schedule of Changes

Insurance - Schedule of Changes in the Reserve for Unpaid Claims and Loss Adjustment Expenses (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for unpaid claims and claims adjustment expense
Balance at beginning of period	$ 108	$ 93
Less reinsurance recoverables	(3)	(3)	$ (3)	$ (3)
Net balance at beginning of period	105	90
Additions for losses and loss adjustment expenses incurred to:
Current year	142	127
Prior years	(11)	(2)
Total	131	125
Reductions for losses and loss adjustment expenses paid related to:
Current year	(79)	(67)
Prior years	(56)	(49)
Total	(135)	(116)
Net balance at end of period	101	99
Plus reinsurance recoverables	3	3	$ 3	$ 3
Balance at end of period	$ 104	$ 102

Insurance - Schedule of Present

Insurance - Schedule of Present Value of Expected Net Premium And Future Policy Benefits (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Term and Whole Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance at beginning of period	$ 217	$ 252
Effect of changes in discount rate assumptions	7	(3)	$ 5	$ 8
Beginning balance at original discount rate	212	244
Effect of changes in cash flow assumptions			(3)	(2)
Effect of actual variances from expected experience			(15)	(7)
Adjusted balance at beginning of period			194	235
Interest accretion	8	9
Net premiums collected	(20)	(25)
Ending balance at original discount rate	182	219
Balance at ending of period	189	216
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance at beginning of period	435	483
Effect of changes in discount rate assumptions	(18)	4	(12)	(17)
Beginning balance at original discount rate	423	466
Effect of changes in cash flow assumptions			(4)	(4)
Effect of actual variances from expected experience			(18)	(9)
Adjusted balance at beginning of period			401	453
Net issuances	3	2
Interest accretion	16	18
Benefit payments	(38)	(41)
Ending balance at original discount rate	382	432
Balance at ending of period	400	428
Accidental Death and Disability Protection
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance at beginning of period	41	48
Effect of changes in discount rate assumptions	1	(2)	0	0
Beginning balance at original discount rate	41	48
Effect of changes in cash flow assumptions			1	(1)
Effect of actual variances from expected experience			(6)	(1)
Adjusted balance at beginning of period			36	46
Interest accretion	1	2
Net premiums collected	(4)	(5)
Ending balance at original discount rate	33	43
Balance at ending of period	34	41
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance at beginning of period	113	126
Effect of changes in discount rate assumptions	(1)	5	0	(1)
Beginning balance at original discount rate	113	125
Effect of changes in cash flow assumptions			2	(1)
Effect of actual variances from expected experience			(8)	1
Adjusted balance at beginning of period			$ 107	$ 125
Net issuances	1	1
Interest accretion	4	4
Benefit payments	(12)	(14)
Ending balance at original discount rate	100	116
Balance at ending of period	$ 101	$ 111

Insurance - Schedule of Net Lia

Insurance - Schedule of Net Liability for Future Policy Benefits (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Term and Whole Life
Liability for Future Policy Benefit, Activity [Line Items]
Net liability for future policy benefits	$ 211	$ 212
Deferred profit liability	12	14
Total net liability for future policy benefits	223	226
Accidental Death and Disability Protection
Liability for Future Policy Benefit, Activity [Line Items]
Net liability for future policy benefits	67	70
Deferred profit liability	49	53
Total net liability for future policy benefits	$ 116	$ 123

Insurance - Narrative (Details)

Insurance - Narrative (Details)	Sep. 30, 2024	Sep. 30, 2023
Insurance [Abstract]
Weighted-average duration of the liability for future policy benefits	8 years	8 years

Insurance - Schedule of Reconci

Insurance - Schedule of Reconciliation of Net Liability for Future Policy Benefits To the Consolidated Statements of Financial Position (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Insurance claims and policyholder liabilities	$ 597	$ 615	$ 599
Term and Whole Life
Liability for Future Policy Benefit, Activity [Line Items]
Total net liability for future policy benefits	223		226
Accidental Death and Disability Protection
Liability for Future Policy Benefit, Activity [Line Items]
Total net liability for future policy benefits	116		123
Other
Liability for Future Policy Benefit, Activity [Line Items]
Other	$ 258		$ 250

Insurance - Schedule of Undisco

Insurance - Schedule of Undiscounted and Discounted Expected Gross Premiums And Expected Future Benefits (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Term and Whole Life
Expected future gross premiums:
Undiscounted	$ 377	$ 445
Discounted	280	310
Expected future benefit payments:
Undiscounted	542	622
Discounted	400	428
Accidental Death and Disability Protection
Expected future gross premiums:
Undiscounted	125	150
Discounted	92	105
Expected future benefit payments:
Undiscounted	147	171
Discounted	$ 101	$ 111

Insurance - Schedule of Consoli

Insurance - Schedule of Consolidated Statements of Operations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Term and Whole Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums or assessments	$ 39	$ 44
Interest accretion	8	9
Accidental Death and Disability Protection
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums or assessments	13	14
Interest accretion	$ 3	$ 3

Insurance - Schedule of Actuari

Insurance - Schedule of Actuarial Assumptions (Details)	Sep. 30, 2024	Sep. 30, 2023
Measurement Input, Mortality Rate, Expected | Term and Whole Life
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0036	0.0038
Measurement Input, Mortality Rate, Expected | Accidental Death and Disability Protection
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0001	0.0001
Measurement Input, Mortality Rate, Actual | Term and Whole Life
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0034	0.0035
Measurement Input, Mortality Rate, Actual | Accidental Death and Disability Protection
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0001	0.0001
Measurement Input, Lapses, Expected | Term and Whole Life
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0379	0.0285
Measurement Input, Lapses, Expected | Accidental Death and Disability Protection
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0184	0.0195
Measurement Input, Lapses, Actual | Term and Whole Life
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0361	0.0227
Measurement Input, Lapses, Actual | Accidental Death and Disability Protection
Market Risk Benefit [Line Items]
Market risk benefit, measurement input	0.0379	0.0207

Insurance - Schedule of Weighte

Insurance - Schedule of Weighted-Average Interest Rates for the Liability of Future Policy Benefits (Details)	Sep. 30, 2024	Sep. 30, 2023
Term and Whole Life
Additional Liability, Long-Duration Insurance [Line Items]
Interest accretion rate	5.28%	5.27%
Current discount rate	4.79%	5.60%
Accidental Death and Disability Protection
Additional Liability, Long-Duration Insurance [Line Items]
Interest accretion rate	4.86%	4.86%
Current discount rate	4.86%	5.59%

Capital Stock and Earnings Pe_3

Capital Stock and Earnings Per Share (OMH Only) - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 class
OMH
Class of Stock [Line Items]
Number of classes of authorized stock	2

Capital Stock and Earnings Pe_4

Capital Stock and Earnings Per Share (OMH Only) - Schedule of Changes in Shares Issued and Outstanding (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	119,758,091	120,446,799	119,757,277	121,042,125
Common stock issued (in shares)	45,729	45,507	269,003	261,955
Common stock repurchased (in shares)	(420,486)	(268,269)	(680,709)	(1,120,903)
Treasury stock issued (in shares)	20,294	21,260	58,057	62,120
Ending balance (in shares)	119,403,628	120,245,297	119,403,628	120,245,297

Capital Stock and Earnings Pe_5

Capital Stock and Earnings Per Share (OMH Only) - Schedule of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator (basic and diluted):
Net income	$ 157	$ 194	$ 383	$ 476
Denominator:
Weighted average number of shares outstanding (basic) (in shares)	119,674,809	120,407,889	119,763,844	120,571,103
Effect of dilutive securities (in shares)	443,298	346,805	418,809	219,382
Weighted average number of shares outstanding (diluted) (in shares)	120,118,107	120,754,694	120,182,653	120,790,485
Earnings per share:
Basic (in dollars per share)	$ 1.32	$ 1.61	$ 3.20	$ 3.95
Diluted (in dollars per share)	$ 1.31	$ 1.61	$ 3.18	$ 3.94
Restricted Stock Units
Earnings per share:
Shares excluded in the diluted earnings per share calculation (in shares)	701,763	886,333	742,565	933,663

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 3,153	$ 3,058	$ 3,186	$ 3,015
Other comprehensive income (loss) before reclassifications	34	(15)	26	(2)
Reclassification adjustments included in net income, net of tax	2	0	2	0
Balance at end of period	3,208	3,109	3,208	3,109
Unrealized Gains (Losses) Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(100)	(124)	(93)	(131)
Other comprehensive income (loss) before reclassifications	42	(22)	35	(15)
Reclassification adjustments included in net income, net of tax	2		2
Balance at end of period	(56)	(146)	(56)	(146)
Retirement Plan Liabilities Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(8)	(8)	(8)	(8)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification adjustments included in net income, net of tax	0		0
Balance at end of period	(8)	(8)	(8)	(8)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(6)	(2)	(2)	(5)
Other comprehensive income (loss) before reclassifications	2	(3)	(2)	0
Reclassification adjustments included in net income, net of tax	0		0
Balance at end of period	(4)	(5)	(4)	(5)
Changes in discount rate for insurance claims and policyholder liabilities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(1)	(3)	(5)	(8)
Other comprehensive income (loss) before reclassifications	(8)	7	(4)	12
Reclassification adjustments included in net income, net of tax	0		0
Balance at end of period	(9)	4	(9)	4
Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	20	23	21	25
Other comprehensive income (loss) before reclassifications	(2)	3	(3)	1
Reclassification adjustments included in net income, net of tax	0		0
Balance at end of period	18	26	18	26
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(95)	(114)	(87)	(127)
Balance at end of period	$ (59)	$ (129)	$ (59)	$ (129)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Net deferred tax asset	$ 513		$ 477
Effective tax rate (as a percent)	23.90%	23.10%
Unrecognized tax benefits	$ 12		$ 11

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Interest income	$ 1,282	$ 1,167	$ 3,673	$ 3,377
Interest expense	301	267	874	749
Provision for finance receivable losses	512	410	1,518	1,275
Net interest income after provision for finance receivable losses	469	490	1,281	1,353
Other revenues	182	185	536	548
Other expenses	444	429	1,314	1,282
Income before income taxes	207	246	503	619
Total assets	25,578	24,146	25,578	24,146	$ 24,294
Consumer and Insurance | Consumer and Insurance
Segment Reporting Information [Line Items]
Interest income	1,271	1,166	3,653	3,373
Interest expense	299	265	871	744
Provision for finance receivable losses	512	410	1,458	1,275
Net interest income after provision for finance receivable losses	460	491	1,324	1,354
Other revenues	181	182	531	543
Other expenses	441	423	1,307	1,273
Income before income taxes	200	250	548	624
Total assets	24,437	22,899	24,437	22,899
Other
Segment Reporting Information [Line Items]
Interest income	1	1	3	3
Interest expense	1	1	1	2
Provision for finance receivable losses	0	0	0	0
Net interest income after provision for finance receivable losses	0	0	2	1
Other revenues	2	3	6	5
Other expenses	2	7	7	11
Income before income taxes	0	(4)	1	(5)
Total assets	14	30	14	30
Segment to GAAP Adjustment
Segment Reporting Information [Line Items]
Interest income	10	0	17	1
Interest expense	1	1	2	3
Provision for finance receivable losses	0	0	60	0
Net interest income after provision for finance receivable losses	9	(1)	(45)	(2)
Other revenues	(1)	0	(1)	0
Other expenses	1	(1)	0	(2)
Income before income taxes	7	0	(46)	0
Total assets	$ 1,127	$ 1,217	$ 1,127	$ 1,217

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value & Carrying Value Hierarchy Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Assets
Restricted cash and restricted cash equivalents	$ 693	$ 534	$ 580
Total Fair Value
Assets
Cash and cash equivalents	577	1,014
Investment securities	1,581	1,719
Net finance receivables, less allowance for finance receivable losses	22,641	20,490
Restricted cash and restricted cash equivalents	693	534
Other assets	36	40
Liabilities
Long-term debt	21,311	19,457
Total Carrying Value
Assets
Cash and cash equivalents	577	1,014
Investment securities	1,581	1,719
Net finance receivables, less allowance for finance receivable losses	20,430	18,869
Restricted cash and restricted cash equivalents	693	534
Other assets	25	29
Liabilities
Long-term debt	21,137	19,813
Level 1
Assets
Cash and cash equivalents	572	1,014
Investment securities	57	54
Net finance receivables, less allowance for finance receivable losses	0	0
Restricted cash and restricted cash equivalents	686	534
Other assets	0	0
Liabilities
Long-term debt	0	0
Level 2
Assets
Cash and cash equivalents	5	0
Investment securities	1,521	1,662
Net finance receivables, less allowance for finance receivable losses	0	0
Restricted cash and restricted cash equivalents	7	0
Other assets	0	0
Liabilities
Long-term debt	21,311	19,457
Level 3
Assets
Cash and cash equivalents	0	0
Investment securities	3	3
Net finance receivables, less allowance for finance receivable losses	22,641	20,490
Restricted cash and restricted cash equivalents	0	0
Other assets	36	40
Liabilities
Long-term debt	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Assets at Fair Value Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	$ 1,508	$ 1,647
Other securities	73	72
Restricted cash and restricted cash equivalents	693	534	$ 580
U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	12	17
Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	64	66
Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities		14
Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	154	167
Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,005	1,085
RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	176	180
CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	27	33
CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	70	85
Level 1
Investments, Debt and Equity Securities [Abstract]
Total investment securities	57	54
Restricted cash and restricted cash equivalents	686	534
Level 2
Investments, Debt and Equity Securities [Abstract]
Total investment securities	1,521	1,662
Restricted cash and restricted cash equivalents	7	0
Level 3
Investments, Debt and Equity Securities [Abstract]
Total investment securities	3	3
Restricted cash and restricted cash equivalents	0	0
Fair Value, Measurements, Recurring
Assets
Cash equivalents in mutual funds	189	97
Cash equivalents in securities	5
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,508	1,647
Other securities	73	72
Total investment securities	1,581	1,719
Restricted cash equivalents in mutual funds	672	525
Restricted cash and restricted cash equivalents	7
Total	2,454	2,341
Fair Value, Measurements, Recurring | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	20	22
Fair Value, Measurements, Recurring | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	12	17
Fair Value, Measurements, Recurring | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	64	66
Fair Value, Measurements, Recurring | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities		14
Fair Value, Measurements, Recurring | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	154	167
Fair Value, Measurements, Recurring | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,005	1,085
Other securities	4	4
Fair Value, Measurements, Recurring | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	176	180
Fair Value, Measurements, Recurring | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	27	33
Fair Value, Measurements, Recurring | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	70	85
Other securities	16	18
Fair Value, Measurements, Recurring | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	15	16
Fair Value, Measurements, Recurring | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	38	34
Fair Value, Measurements, Recurring | Level 1
Assets
Cash equivalents in mutual funds	189	97
Cash equivalents in securities	0
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	6	6
Other securities	51	48
Total investment securities	57	54
Restricted cash equivalents in mutual funds	672	525
Restricted cash and restricted cash equivalents	0
Total	918	676
Fair Value, Measurements, Recurring | Level 1 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities		0
Fair Value, Measurements, Recurring | Level 1 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	6	6
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 1 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	15	16
Fair Value, Measurements, Recurring | Level 1 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	36	32
Fair Value, Measurements, Recurring | Level 2
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	5
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1,501	1,640
Other securities	20	22
Total investment securities	1,521	1,662
Restricted cash equivalents in mutual funds	0	0
Total	1,533	1,662
Fair Value, Measurements, Recurring | Level 2 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	20	22
Fair Value, Measurements, Recurring | Level 2 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	12	17
Fair Value, Measurements, Recurring | Level 2 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	64	66
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities		14
Fair Value, Measurements, Recurring | Level 2 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	154	167
Fair Value, Measurements, Recurring | Level 2 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	998	1,078
Other securities	4	4
Fair Value, Measurements, Recurring | Level 2 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	176	180
Fair Value, Measurements, Recurring | Level 2 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	27	33
Fair Value, Measurements, Recurring | Level 2 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	70	85
Other securities	16	18
Fair Value, Measurements, Recurring | Level 2 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 2 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3
Assets
Cash equivalents in mutual funds	0	0
Cash equivalents in securities	0
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1	1
Other securities	2	2
Total investment securities	3	3
Restricted cash equivalents in mutual funds	0	0
Restricted cash and restricted cash equivalents	0
Total	3	3
Fair Value, Measurements, Recurring | Level 3 | Total bonds
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of states, municipalities, and political subdivisions
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities		0
Fair Value, Measurements, Recurring | Level 3 | Non-U.S. government and government sponsored entities
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate debt
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	1	1
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | RMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | CMBS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Level 3 | CDO/ABS
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	0	0
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Preferred stock
Investments, Debt and Equity Securities [Abstract]
Other securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Common stock
Investments, Debt and Equity Securities [Abstract]
Other securities	$ 2	$ 2