#1ABS Investor Presentation February 2020 OneMain Financial.#2Cautionary Note Regarding Forward-looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent only management's current beliefs regarding future events. By their nature, forward-looking statements are subject to risks, uncertainties, assumptions and other important factors that may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements that speak only as of the date on which they were made. We do not undertake any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments or otherwise, except as required by law. Forward-looking statements include, without limitation, statements concerning future plans, objectives, goals, projections, strategies, events or performance, including certain projected financial results for full-year 2019, and underlying assumptions and other statements related thereto. The portfolio pre-loss profitability scenario disclosed on slide 27 is based on management's estimates and assumptions for internal strategic planning purposes and does not constitute guidance or financial projections and should not be regarded or relied on as such. The portfolio pre-loss profitability scenario also assumes a severe recession environment similar to years 2008-2009 and reflects numerous judgments, estimates and assumptions that are inherently uncertain. No other information provided herein is intended to be, or should be construed as, guidance or financial projections. Past performance is not necessarily indicative, or a guarantee, of future results, and there can be no assurance that our strategies will be successful or that we will realize any of our projected financial results or other business goals. Statements preceded by, followed by or that otherwise include the words "anticipates," "appears," "are likely," "believes," "estimates," "expects," "foresees," "intends," "plans," "projects" and similar expressions or future or conditional verbs such as "would," "should," "could," "may," or "will" are intended to identify forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the following: adverse changes in general economic conditions, including the interest rate environment and the financial markets; risks related to the acquisition or sale of assets or businesses or the formation, termination or operation of joint ventures or other strategic alliances, including increased loan delinquencies or net charge-offs, integration or migration issues, increased costs of servicing, incomplete records, and retention of customers; our estimates of the allowance for finance receivable losses may not be adequate to absorb actual losses, causing our provision for finance receivable losses to increase, which would adversely affect our results of operations; increased levels of unemployment and personal bankruptcies; a change in the proportion of secured loans may affect our personal loan receivables and portfolio yield; adverse changes in the rate at which we can collect or potentially sell our finance receivables portfolio; natural or accidental events such as earthquakes, hurricanes, tornadoes, fires, or floods affecting our customers, collateral, or our branches or other operating facilities; war, acts of terrorism, riots, civil disruption, pandemics, disruptions in the operation of our information systems, or other events disrupting business or commerce; a failure in or breach of our operational or security systems or infrastructure or those of third parties, including as a result of cyber-attacks; or other cyber-related incidents involving the loss, theft or unauthorized disclosure of personally identifiable information, or "PII," of our present or former customers; our credit risk scoring models may be inadequate to properly assess the risk of customer unwillingness or lack of capacity to repay; adverse changes in our ability to attract and retain employees or key executives OneMain Financial. 2#3Cautionary Note Regarding Forward-looking Statements to support our businesses; increased competition, or changes in customer responsiveness to our distribution channels, the ability of our competitors to offer a more attractive range of personal loan products than we offer; changes in federal, state or local laws, regulations, or regulatory policies and practices that adversely affect our ability to conduct business or the manner in which we are currently permitted to conduct business, such as licensing requirements, pricing limitations or restrictions on the method of offering products, as well as changes that may result from increased regulatory scrutiny of the sub-prime lending industry, our use of third-party vendors and real estate loan servicing, or changes in corporate or individual income tax laws or regulations, including effects of the Tax Cuts and Jobs Act; risks associated with our insurance operations, including insurance claims that exceed our expectations or insurance losses that exceed our reserves; our inability to successfully implement our growth strategy for our consumer lending business or successfully acquire portfolios of personal loans; declines in collateral values or increases in actual or projected delinquencies or net charge-offs; potential liability relating to finance receivables which we have sold or securitized or may sell or securitize in the future if it is determined that there was a non-curable breach of a representation or warranty made in connection with such transactions; the costs and effects of any actual or alleged violations of any federal, state or local laws, rules or regulations, including any associated litigation; the costs and effects of any fines, penalties, judgments, decrees, orders, inquiries, investigations, subpoenas, or enforcement or other proceedings of any governmental or quasi-governmental agency or authority and any associated litigation; our continued ability to access the capital markets and maintain adequate current sources of funds to satisfy our cash flow requirements; our ability to comply with our debt covenants; our ability to generate sufficient cash to service all of our indebtedness; any material impairment or write-down of the value of our assets; the ownership of our common stock continues to be highly concentrated, which may prevent other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest; the effects of any downgrade of our debt ratings by credit rating agencies, which could have a negative impact on our cost of and/or access to capital; our substantial indebtedness, which could prevent us from meeting our obligations under our debt instruments and limit our ability to react to changes in the economy or our industry or our ability to incur additional borrowings; our ability to maintain sufficient capital levels in our regulated and unregulated subsidiaries; changes in accounting standards or tax policies and practices and the application of such new standards, policies and practices; management estimates and assumptions, including estimates and assumptions about future events, may prove to be incorrect; any failure to achieve the Spring Castle Portfolio performance requirements, which could, among other things, cause us to lose our loan servicing rights over the SpringCastle Portfolio; various risks relating to continued compliance with the Settlement Agreement with the U.S. Department of Justice entered into by us and certain of our subsidiaries on November 13, 2015, in connection with the acquisition of OneMain Financial Holdings, LLC; and other risks and uncertainties described in the "Risk Factors" and "Management's Discussion and Analysis" sections of the Company's most recent Form 10-K and Form 10-Qs filed with the SEC and in the Company's other filings with the SEC from time to time. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. You should specifically consider the factors identified in this presentation and in the reports we file with the Securities and Exchange Commission, including our 2018 Annual Report on Form 10-K, that could cause actual results to differ before making an investment decision to purchase our securities and should not place undue reliance on any of our forward- looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. Use of Non-GAAP Financial Measures We report the operating results of Consumer and Insurance and Other using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and other expenses, to reflect the manner in which we assess our business results 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 the amortization/accretion in future periods). Consumer and Insurance adjusted pretax income (loss), Consumer and Insurance adjusted net income (loss), Consumer and Insurance adjusted earnings (loss) per diluted share, and Other adjusted pretax income (loss) are key performance measures used by management in evaluating the performance of our business. Consumer and Insurance adjusted pretax income (loss), and Other adjusted pretax income (loss) represent income (loss) before income taxes on a Segment Accounting Basis and excludes net losses resulting from repurchases and repayments of debt, acquisition-related transaction and integration expenses, net gain on sale of cost method investment, restructuring charges, additional net gain on sale of SpringCastle interests, net loss on sale of real estate loans, and non-cash incentive compensation expense related to the Fortress Transaction. Management believes these non-GAAP financial measures are useful in assessing the profitability of our segment and uses these non-GAAP financial measures in evaluating our operating performance and as a performance goal under the Company's executive compensation programs. These non-GAAP financial measures should be considered supplemental to, but not as a substitute for or superior to, income (loss) before income taxes, net income, or other measures of financial performance prepared in accordance with GAAP. Please refer to the reconciliations in the Appendix to this presentation for quantitative reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures. Reconciliations of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures are not included in this presentation because the most directly comparable GAAP financial measures are not available on a forward-looking basis without unreasonable effort. OneMain Financial. 3#4ABS program highlights FA Credit Enhancement¹ Rapid Deleveraging Revolving Period Seasoned Program First 'AAA' Rated Program Prime Performance from Auto Shelf Trusts Backed by Prime, Secured Loans Structuring to worst case pool provides ~8pts of additional enhancement vs. actual pool - Actual WAC ~350bps higher and remaining term ~10 months lower than worst case pool - - - Rapid deleveraging through fixed dollar overcollateralization once amortization begins - AAAs have ~0.5yr WAL in amortization Ability to add additional loans during revolving period to maintain required overcollateralization levels This allows investors to avoid recessionary periods during revolving periods Seasoned program with 26 issuances for ~$18B Consistent collateral performance across issuances Created the Consumer Loan asset class in 2013 First Consumer Loan ABS program to receive 'AAA' from S&P Prime-like performance from non-prime collateral in the ODART shelf Income verification and ability-to-pay underwriting major differentiator vs. dealer-sold indirect subprime auto Consumer loan asset class often characterized as "subprime unsecured", while roughly half of our portfolio is prime/near-prime and half secured OneMain Financial. 1. Based on OMFIT 2019-2 at issuance, OneMain internal estimate. 4#5OneMain ABS superior relative value D Long Operating History 100+ years in business 8 Local Presence Secured Lending Deep Customer Relationships $ Ability To Pay Underwriting High Touch Servicing Multiple Product Options Conservative Rating Assumptions Additional Enhancement 1,500+ branches ~50% of loans are secured 50% repeat business (resulting in lower loss) Custom budget determines if borrower can afford new debt Customer centric branch servicing with specialized central support Customer can receive multiple offers (secured / unsecured) Rating Agency pre-stress base case loss assumptions similar to our stressed 2008-2009 performance Structuring to worst case pool provides additional enhancement vs. actual pool in revolving deals OneMain Financial OneMain Financial. 5#6Company Overview#7Key takeaways 1 We have unique competitive advantages to serve the non-prime customer, including capital, scale and a nationwide branch network 4 We are continuously enhancing our core business with technology and analytics capabilities 2 Our business is specifically designed to provide responsible lending solutions to a large and often underserved market 5 Our responsible lending practices, state-licensed model and culture of compliance are core to our business model 3 Our business is stable, resilient and cycle tested, generating significant cash flow 6 The U.S. consumer remains healthy and we remain vigilant and proactive in the protection of our portfolio OneMain Financial 7#8Meet OneMain 1,500+ Branches $18.4B Net finance receivables >2.4MM Customer accounts 3 Lending products 88% Customer satisfaction¹ People: Rooted in local communities (44 states) Highly experienced (branch managers average 13 years) Scale: - Largest branch-based installment lender in the U.S. - 89% of Americans within 25 miles of a OneMain branch Customers: - Personalized loan solutions underpinned by ability-to-pay analysis Customers often return for additional borrowing needs (full re-underwriting) Responsible products: - Straight forward products originated under state-licensed model - Secured loans broaden prospect base; provide loan size/rate choices Strong culture of compliance Hybrid network: Local branch knowledge with specialized central facilities - Enhancing customer experience and performance using technology and analytics to augment 100+ year lending experience Largest US installment lender uniquely positioned to serve cross-section of working Americans OneMain Financial Note: Data as of December 31, 2019 unless otherwise noted. 1. Source: OneMain Holdings, Inc. New Customer Satisfaction Survey, Q4 2019. 8#9We operate nationally, with a local focus Minneapolis, MN Central Underwriting Tempe, AZ Collections, Fort Worth, TX Insurance Sales, Underwriting Evansville, IN Special Servicing London, KY Collections, Recovery Fort Mill, SC Collections, Sales 7th 89% -13 Largest branch network 1 of Americans live within 25 miles of a OneMain branch² Branch manager avg. years experience 1,500+ branches and six central operations centers across the country OneMain Financial. Note: Branch map as of September 30, 2019 1. When compared to U.S. banks. Source: S&P Market Intelligence as of June 30, 2019. 2. 2016 Nielsen Population data, branches as of January 2020, OneMain internal estimate. 6#10Products designed to address our customers' needs Collateralizes OMFIT Collateralizes ODART Unsecured loan Key Stats (FY19): Secured loan 10+ year auto age Direct auto 0-10 year auto age² Optional products Avg. loan size -$8k ~$10k ~$15k Avg. APR -29% -27% ~22% Credit Life, Disability, Involuntary Unemployment Insurance Avg. Borr. Credit Score 635 611 629 Home & auto membership C&I net charge-offs 1 ~9% ~5% ~2% Term life % of originations 45% 34% 21% Guaranteed asset protection OneMain Financial. Our consultative process helps the customer get the right product for them 1. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. Represents 2019 combined originations for OneMain Holdings, Inc. 2. Only loans collateralized by 0-8 year old titled vehicles are included in ODART securitizations. 10 10#11Our typical customer is the average American Target market is ~100MM Americans¹, though not all have current needs or pass our underwriting Our customers... ...have stable credit attributes... ...and financial needs Reasons for loan³ OneMain borrower profile Other 15% ~$45,000 Annual net income² Family Related 9% ~11 years In same residence² -50% Homeowners² 90% have checking account³ 75% have credit card³ 50% have auto loan³ OneMain Financial. Home Repair 8% 2019 Originations -60% Same job for 5+ years² Auto Related 10% Employed in stable industries³ Top 5 industries: • • Healthcare Manufacturing Education Financial services Government Household Bills -90% 21% Debt Consolidation 37% of the time OneMain offers lowest rate4 Same or next day Customer receive funds 1. OneMain estimate..2. Source: Internal Portfolio Data, LTM as of December 31, 2019; represents take-home pay net of taxes, insurance, and benefits. 3. Source: OneMain Holdings, Inc. New Customer Satisfaction Survey, Q4 2019. 4. Data for September 2019 and includes 30+ lenders. 11#12We work closely with customers to develop best solutions Ability-to-pay evaluation can generate options that increase net disposable income Verification Budget worksheet¹ Purpose Bill Consolidation ✓ 100% income verification ✓ Take home pay (net income) Loan option 1 Loan option 2 Type Unsecured Type Size ✓ 100% employment verification ✓ Less: Debt payments APR $5,250 28.63% | Size APR Term 48 mo. Monthly payment $185 Term Monthly payment Direct Auto $13,000 | 16.85% 54 mo. I $345 ✓ Less: Living expenses Detailed collateral inspection Monthly Budget Worksheet ✓ Less: OneMain Calculate Budget JJX payment Take-home pay (Net Income) Before Loan $3,750 After Loan $3,750 Net disposable income Less: Debt payments Mortgage/rent payment $900 $900 Car loan payment 152 Credit card payment 374 Ability-to-pay ✓ Personalized budgeting ✓ Assess existing liabilities Product offering ✓ Solutions that meet customer needs and fit their budget Less: Expenses Expenses $412 $412 Less: OneMain payment Net disposable income $1,912 $345 $2,093 OneMain Financial. 1. For illustrative purposes only; living expenses estimated based on income and exception may apply. ~10% more disposable income after our loan, even after meeting current need 12#13Deep customer relationships drive better outcomes 2.4MM customer accounts ~12MM former customers¹ ~50% of current and former customers do business with us at least twice OneMain Financial. ~20% market share² Better application to book rate New customers ~2x greater Current & former customers Better credit performance ~20% lower losses New customers Current & former customers Note: Data as of December 31, 2019 unless otherwise noted 1. Since 2006. 2. Based on $17.8B of C&I ending net receivables* for OneMain Holdings, Inc. (as of September 30, 2019) and approximately $87.7B of non-prime personal loans outstanding (source: Experian as of September 2019). * See Q3 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 13#14We are committed to helping our customers and supporting our communities Leader in Responsible Credit ✓ $95B+ lending to 10MM customers since 2010, much of which supports underserved and low/moderate income communities ✓ Ability-to-pay underwriting ensures customers can afford the debt ✓ Average APR -27%; all loans at or below 36% rate, or applicable state caps Environmental Sustainability ✓ Founding investor in Blackrock's LEAF ESG money market fund ✓ Customer enrollment in paperless billing increased 500% since 2016 ✓ 2 corporate centers & 50 branches in LEED buildings to date; efficient energy retrofitting Philanthropy & Community ✓ Corporate philanthropy program focused on financial literacy and community economic development ✓ Host financial education forums, often with local community organizations ✓ Community-focused volunteerism throughout the company Committed to Diversity and Inclusion Executive commitment with CEO-sponsored Diversity Council and requirement of diverse hiring slate for senior leadership positions 33% Male 36% Minority Market leading supporter of minority/women/veteran owned broker dealers, with prominent roles on $14B of debt issuance since 2016 ACADEMY SECURITIES DREXEL HAMILTON Blaylock Van, LLC MISCHLER FINANCIAL CROUPL Celebrating 24 Years of Distinguished Service CastleOak Securities Employee Gender 67% Female Employee Ethnicity 64% Non-Minority OneMain Financial SEELAUS A WOMEN-OWNED BUSINESS ENTERPRISE Loop Capital RAMIREZ GROW WITH US Siebert Williams Shank 14#15Strong corporate health provides for continued investment to make our business better C&I FY191,2 -- Yield 24.1% Other net revenue 2.5% Net charge-offs (6.0%) Operating expense (7.5%) ✓ Marketing and customer acquisition ✓ Technology and automation ✓ Omni-channel customer experience Interest expense (5.5%) ✓ Product innovation Taxes and other (2.1%) ✓ Advanced analytics C&I return on receivables 5.4% ✓ People and talent OneMain Financial. 1. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 2. Fiscal year 2019 results; may not sum due to rounding. 15#16Underwriting & Servicing#17The U.S. consumer remains strong Lowest unemployment rate since 19691 11% 10% Job openings outstripping unemployed 1,2 - Unemployed persons ― Job Openings 16 9% 8% 7% 6% 14 12 10 8 6 5% 4 4% 3% 2 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Stable household financial obligations³ 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Solid wage growth4 Household Debt Service Payment as a % of Disposable Personal Income -High skill - Mid skill Low skill 19% 5% 18% 4% 17% 16% 15% 14% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 OneMain Financial. 3% 2% 1% 0% 90 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1. Source: US Bureau of Labor Statistics, data as of December 2019. 2. Total Nonfarm Job Openings & Unemployed Persons, SA in millions, data as of December 2019. 3. Source: Federal Reserve Board quarterly release; data as of Q3 2019. 4. Source: US Bureau of Labor Statistics and Federal Reserve Bank of Atlanta; 12 month MA of median wage growth by category; data as of December 2019. 17#18How we make and service loans $ ↓ Marketing Customer Need Application Underwriting Conditional Approval Ability-to-pay Loan Disbursed Direct-mail, credit aggregators, email, partnerships and web searches Customer has liquidity need (e.g. unexpected repair bill) and often an interest in debt consolidation to simplify their finances or reduce number of monthly debt payments Online (~80% of new customer apps), over the phone or in person at one of OneMain's 1,500+ branches Centralized underwriting model with 1,000+ attributes utilizes our decades of through-the- cycle data and sophisticated analytics to return a credit grade Approved applicants provided a list of necessary documentation and invited to a branch Ability-to-pay analysis, including income verification, creates a solid foundation for assessing borrower credit and allows for appropriate product matching Customer receives funds as quickly as the same day (most frequently overnight ACH) Loan Servicing Loan is serviced in branch until 60+ DQ, then shifted to specialized central servicing OneMain Financial. Note: exceptions may apply 18#19Disciplined framework for lending decisions Policy FY2019 Objective Target Risk Appetite C&I net charge- offs1 6-7% 6.0% C&I return on receivables1 Consistent Returns Loan level hurdle¹ Stability through a cycle >4.5% 5.4% >20% ROTCE Portfolio profitability, even under severe stress³ Strong Liquidity Minimum liquidity >24 36 MONTHS MONTHS2 OneMain Financial. Business continuity, even in the event of capital markets dislocation 1. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 2. As of December 31, 2019, includes covering all future debt maturities and business expenses with no access to capital markets, no renewals of conduits, and receivables held flat to December 31, 2019. 3. Defined as comparable to the 2008-2009 recession. 19#20A deep history with non-prime customers Secured lending and ability-to-pay underwriting lowers losses and dampens volatility through economic cycles Legacy Leaf vs industry charge-off performance¹ Non-prime customer performance typically less volatile through economic cycle Credit Card balances rolling to serious delinquency² 13 quarters 45% 12% 40% 10% 35% 30% 8% 25% 6% 20% 4% 15% 2% 10% 5% 0% 1997 1999 2001 2003 2005 2007 009 2011 2013 2015 2017 0% Legacy Springleaf Private Label Credit Card Subprime Auto 20 Year Legacy Springleaf Average 2001 2002 2003 Annual Losses Avg. Min Max FICO Band <620 Legacy Springleaf 5.5% 3.5% 8.4% 620-659 660-719 Private Label Credit Card 7.0% 4.4% 11.3% 720-759 Subprime Auto 6.0% 2.9% 9.0% 760+ OneMain Financial. <620 2004 2005 2006 620-659 ~17 quarters 660-719 2007 2008 2009 아 2010 2011 2012 2013 2014 2015 2016 2017 720-759 760+ Multiple, Trough to Peak 1. JP Morgan Retail Card ABS monthly data - December 2017, S&P Subprime Auto Loan Index monthly data - through December 2017, gray bars indicate recessionary periods. Springleaf C&l only. 2. A. Haughwout, D. Lee, J. Scally, and W. van der Klaauw. "Just Released: More Credit Cards, Higher Limits, and... an Uptick in Delinquency." Liberty Street Economics (FRBNY), August 2017. 1.9x 2.2x 2.9x 4.5x 6.2x 20 20#21Our results compare favorably across consumer finance Deep underwriting and servicing... Process ✓ Proprietary data from 100+ year history and $95B of originations in last 10 years ✓ Machine learning and Al modeling ✓ Alternative data sources ✓ 1,000+ attributes Results ✓ 65% more predictive than FICO1 ✓ 27% fewer defaults vs ...drive superior performance Yield 24.1% 26.7% 15.1% 16.9% 3.8% 13.1% Risk-adjusted yield Net charge-offs 18.1% (6.0%) 10.5% 8.4% 7.0% 2.7% 3.1% (0.7%) (2.6%) (8.5%) (12.4%) (19.7%) competitors for borrowers with FICO <6501 OneMain Financial. Consumer OneMain (C&I)² Online lenders³ Auto Lenders³ finance banks4 Note: Data for 2019. 1. Source: Experian, internal analysis. 2. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 3. KBRA Prime and Non-prime Auto Loan Index, Tier 2 (Prime) and Tier 3 (Non-prime) Consumer Loan Index. 4. Includes Ally, Capital One, Discover, Sallie Mae, and Synchrony; yield includes non-interest income. 21#22Our decisioning is driven by proprietary data and superior underwriting Underwriting model predictive power1 Note: Percentages indexed to FICO 100% FICO OneMain Financial. 165% 158% 138% 126% 2016 Legacy credit models 2017 2018 2019 OneMain model Updated regression Machine learning models models Alternative data -100 # of data points used ▶1,000+ 1. Source: Experian, internal analysis. Predictive power defined with KS Score, a commonly used metric that measures the power of a model to differentiate "goods" from "bads." 22 22#23Repeat customers are a core part of business strategy Strong payment track record with OneMain may qualify customer for larger loan renewal 14% Income re-verified Only performing customers eligible for loan renewals1 Repeat borrowers fully re-underwritten Ability-to-pay recalculated Household budget refreshed Collateral re-inspected¹ Repeat customers outperform new customers² 12% 10% 8% 6% 4% 2% 0% 0 2 4 6 8 10 12 14 16 18 2016 New Customers 20 22 2016 Present and Former Customers 24 26 28 30 33 35 OneMain Financial. Note: Portfolio renewal data as of December 31, 2019 1. Exceptions may apply. 2. Represents gross charge-off for 2016 originations. -20% lower loss % of customers that renewed at least once -50% 23 23#24Secured lending performance driven by frequency of default 2016 Cumulative unit loss %1 20% 15% 10% 5% 0% 0 3 6 9 12 15 18 21 24 27 30 33 36 Unsecured Personal Secured Personal Direct Auto 2016 Cumulative net charge-off¹ 20% 15% 10% 5% "Frequency" of loss is primary driver of materially stronger secured loan loss performance Lower unit defaults reflect borrowers' need of their vehicles to live/work and prioritization of their car payments Better recoveries for secured vs. unsecured ("severity") helpful, but not main loss driver Secured loss sensitivity to used car values 1,2 18 bps higher Direct Auto and 4 bps higher Secured PL losses with 20% stress in our actual 2019 in car values 1.91% 2.09% 0% 2019 0 3 6 9 12 15 18 21 24 27 30 33 36 Unsecured Personal Secured Personal Direct Auto Direct Auto NCO Direct Auto NCO w/ 20% sales value drop OneMain Financial. 1. OneMain Direct Auto: only 0-8 year old vehicles. 2. Represents annualized losses based on 2019 vehicle proceeds. 4.34% 4.38% 2019 ■Secured Personal NCO Secured Personal NCO w/ 20% sales value drop 24#25We are better positioned today than 10 years ago Today, we are very well positioned for any macroeconomic scenario 2009 pro forma² 2019 Portfolio secured mix Portfolio secured mix Improved payment Improved product mix (C&I)¹ 32% Focused growth strategy Central servicing capability 2Y CAGR of unsecured portfolio 20%* Virtually none 52% 2Y CAGR of unsecured portfolio 2% 1,000+ team members focused on collections hierarchy Disciplined growth Drives lower losses Avg. APR on originations Avg. APR on originations Attractive pricing ~24% ~27% OneMain Financial. Improved margins 1. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 2. 2009 pro forma reflects Legacy OneMain and Legacy Springleaf combined. 3. Represents 2006 to 2008 CAGR leading up to the beginning of 2009. 25 25#26We regularly conduct portfolio stress testing Granular analysis segmented by product, customer type, FICO, loan amount, and term Cumulative C&l gross charge-offs by yearly vintage1 6.6% 1.58x 10.4% 9.7% 8.9% 5.6% 5.4% 5.0% 2006 2007 2008 2009 2010 2011 2012 OneMain Financial. 1. Represents the cumulative C&I gross charge-offs at month 24 on book. See Q4 2019 earnings presentation for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 26#27Even in a severe recession, we expect to remain profitable Ample cushion against potential losses C&I FY191 Estimated C&I* peak net charge-offs² Annual C&l net charge-offs Yield 24.1% Base outlook Other net revenue 2.5% (6.0-6.5%) Operating expense (7.5%) Interest expense (5.5%) Mild recession ('01-'02) - peak year (7.5-8.0%) Pre-loss profitability ~13.6% Severe recession ('08-'09) - peak year (9.5-10.0%) Portfolio pre-loss profitability covers losses even in a severe stress case+ OneMain Financial. 1. See appendix for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of selected calculations. 2. Represents the estimated peak annual C&I net charge-offs in each scenario. + See Cautionary Note Regarding Forward-looking Statements at the beginning of this presentation. 27 27#28Extensive servicing resources, especially critical in downturn Delinquency timeline Current Days Past Due Branch 1 payment past due Centralized 2 payments past due 3 to 6 payments past due Charge-off Recovery 1 - 29 30 - 59 60-179 180+ Branch Central Operations¹ Impact # of locations 1,500+ 5 People & places High-touch # of team members ~6,500 ~1,700 customer engagement Initial contact Underwriting/decisioning ✓ ✓ Roles & Verification & loan closing responsibilities Servicing/collections Early-stage delinquency Local relationships OneMain Financial. Note: Data as of December 31, 2019. 1. Excludes Insurance operation center in Texas. Superior credit performance Late-stage delinquency, charge-off and recovery Higher customer life-time value 28#29Servicing model can quickly respond to a changing economic environment All servicing in-house, on-shore by our team members; critical to control servicing capacity in a downturn Differentiator: we can double collections capacity by shifting ~1,400 team members within 48 hours¹ Time allocation of branch staff 75% Originations, sales and admin. OneMain Financial. Normal economic environment 25% Collections 1. Represents work hours equivalent to -1,400 full-time employees. 50% Originations, sales and admin. Stressed economic environment 50% Collections 29#30Strong compliance culture & controls Seasoned regulatory and compliance teams and strong culture consistent with legacy bank ownership 3 Lines of defense ~6,500 branch team members responsible for day-to-day risk mitigation through: Identification of operational risk Establishing compliance culture Legal, Risk, HR, Finance and Compliance Establish standards and provide guidance for risk management and controls Ensure clear, accurate documentation of policies and procedures Oversees 600+ external state regulatory audits and 700+ internal branch audits Alerts Senior Management and Board to emerging risks Business Compliance Internal Audit Using Board-approved plan, conducts audits to confirm reliability and governance/controls framework is effective Audit Reports directly to Audit Committee OneMain Financial. 30#31Securitization Programs "OMFIT" & "ODART"#32Funding and liquidity strengthened since merger Interest expense & debt mix 1,3 12/31/2015 12/31/2019 ■Unsecured ■Secured Asset-Backed Securities $17.6 ABS Transactions 10 26 Top ABS Rating A+ AAA $15.4 $15.5 Direct Auto Program No Yes $14.3 Class A Spreads 183bps 85bps $7.7 Unsecured Debt¹ $7.5 $8.7 Maturities (next 2 yrs) $2.3 $1.7 $8.3 • Average Coupon 6.8% 6.7% • Average Duration 3.8 years 4.6 years Liquidity • Conduit Lines $5.2 $7.1 • Drawn Conduits $2.6 $0.0 Unencumbered Receivables $2.0 $9.9 $9.9 $8.0 $6.1 $6.7 Capital² 2016 2017 2018 2019 Adj. Tangible Equity $1.0 $2.7 Secured Net Tangible Leverage 16.8x 5.8x TCE / TMA 5.1% 13.0% Debt Mix 58% 57% 48% 44% Interest Expense %2,4 5.5% 5.5% 5.5% 5.5% 1. Reflects principal maturities. 2. See Q4 2019,2018, 2017, 2016 & 2015 earnings presentations for reconciliations and disclosures required by Regulation G for Non-GAAP Financial Measures along with glossary of select calculations. 3. May not sum due to rounding. 4. C&I interest expense / C&I average net receivables. OneMain Financial. ($ in billions unless otherwise noted) 32 32#33ABS funding Funding & Collateral Liquidity/ Conduits Personal Loan ABS Program ("OMFIT") Direct Auto ABS Program ("ODART") Securitization a critical component of Company's funding strategy (target ~50%) Balanced mix of ABS/ corporate bonds provides flexibility in changing market conditions Provides fixed rate prefunding for future originations Significant unencumbered assets (~$10B at 12/31/2019) provide additional alternatives 36 months of forward liquidity¹ covering all cash needs (assuming no access to capital markets) 13 Diverse conduit banks with multi-year commitments and no financial covenants or MACS Significant undrawn committed capacity provides long liquidity runway in case of protracted capital market dislocation $7.1B undrawn as of December 31, 2019 21 Personal Loan securitizations since 2013² - - - We created the asset class in 2013, with consistent performance since First AAA in asset class Backed by a mix of both secured and unsecured loans Transactions feature a 2, 3, 5 or 7 year revolving structure 5 Direct Auto securitizations since 2016 Direct Auto has higher loan yields, shorter terms and much lower losses vs. typical Indirect (dealer- originated) non-prime auto - Amortizing, 1, 2 and 5 year revolving periods to date Ability-to-pay underwriting, income verification and evaluation of performance with existing auto lenders major credit differentiators Perfected first priority security interest on all loans OneMain Financial 1. As of December 31, 2019, includes covering all future debt maturities and business expenses with no access to capital markets, no renewals of conduits, and receivables held flat to December 31, 2019. 2. Includes SLFT securitizations, as of December 31, 2019. 33#34Best in class investor transparency Quick reference landing page - Pool balances Key metrics = Tranche balances Credit enhancement Full monthly servicer report history Private Placement Memorandums Investor friendly resources Transaction Click to View Current Pool Information Monthly Servicer Reports Notes Table Loan Principal Balance WAC WART ODART 2019-1 PPM Click to view 750,065,453 19.46% 46 -- Select PDF --- -- Select Excel --- ODART 2018-1 PPM Click to view 964,327,229 18.92% 44 -- Select PDF --▾ -- Select Excel -- ▼ ODART 2017-2 PPM Click to view 276,236,195 17.34% 34 -- Select PDF --- -- Select Excel -▾ ODART 2017-1 PPM ODART 2016-1 PPM Terminated Terminated -- Select PDF -- ▾ - Select Excel -- ▾ -- Select PDF --▾ -- Select Excel - ▼ Class of Notes Initial Note Balance Current Balance Interest Rate Maturity Date CUSIP A 533,250,000.00 533,250,000.00 3.63% 9/14/2027 68267EAA2 Credit Enhancement Initial 29.40% Current 29.40% B 89,630,000.00 89,630,000.00 3.95% 11/14/2028 C 59,620,000.00 59,620,000.00 4.19% 11/14/2028 68267EABO 68267EAC8 17.45% 17.45% 9.50% 9.50% D 54,380,000.00 54,380,000.00 4.68% 4/14/2031 68267EAD6 2.25% 2.25% Latest ABS investor presentation Trust data summaries to simplify surveillance Date of Issue: 3/15/2019 Underwriters: Barclays, Deutsche Bank Securities, Natixis Co-Managers: CastleOak Securities, L.P., Mizuho Securities End of Revolving Period: 3/31/2024 Servicer: Springleaf Finance Corporation Back-Up Servicer: Wells Fargo Bank, N.A. Indenture Trustee: Wells Fargo Bank, N.A. Historical capital structures http://investor.onemainfinancial.com OneMain Financial Note: For investor reporting inquiries please email us at [email protected]. ← Asset-Backed Securities 34#35Secured & Unsecured Personal Loans "OMFIT" Program#36U.S. Consumer Loan ABS OneMain 38% ✓ Issuer of 26 ABS transactions ✓ Top tranche rating of AAA ✓ Issued $1.7B 7 year revolving in 2019 Consumer Loan ABS new issue supply (2013-2019)1 14 12 10 42 36 30 Issuance ($bn) 00 64 24 18 # of Deals 12 6 0 2013 2014 2015 2016 2017 2018 2019 ✓ Planned programmatic issuance of 2, 3, 5, 7 2 year revolving transactions Issuance 2014 | $5.2B 2015 | $5.7B OneMain 48% 2016 | $8.6B OneMain 44% 2017 | $12.5B OneMain 13% 0 0 0 0 Springleaf 62% Springleaf 26% 2018 | $12.0B OneMain 8% Major differences in business model, underwriting, servicing etc. across issuers OneMain Financial 1. Source: RBC Capital Markets. # of Deals 2019 | $14.0B OneMain 17% 36#37Personal loan cumulative net loss OneMain vintage CNL performance well below worst Financial Crisis vintage (2008) All vintages a fraction of rating agency class D (BBB-) 34% Stress first dollar loss scenario1 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% OneMain combined PL annual vintage cumulative net loss² OMFIT 2019-2 Rating Agency Class D 'BBB-' Curve 2008 Vintage 34.3% 15.8% 11.2% 9.9% 10.6% 8.8% 3.2% 0.0% 0 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2014 2015 2016 2017 2018 OneMain Financial 54 54 57 40 60 1. Source: Internal Company Analysis. 2. Combined annual "OMH" Personal Loan (Unsecured, Secured Personal, and Direct Auto 9-10) Cumulative Net Loss; Legacy OneMain "OMFH" reflects Gross Loss until system conversion (Q1 2017). 37 37#38OneMain performance vs Fintech/MPL Our much deeper underwriting with thorough verification of income & employment combined vs instant decisioning algorithm Loss performance comparable to prime borrowers and significantly better than non-prime competitors OMFIT AAA bond would require cumulative net loss to exceed -56% for principal loss1 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% KBRA Marketplace index: annualized net loss rates² Мим 19.3% 13.2% 8.7% 6.2% 0.0% Apr-16 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18 Apr-19 Aug-19 Dec-19 MPL Tier 1 MPL Tier 2 MPL Tier 3 OneMain Unsecured OneMain Financial 1. Source: Internal Company Analysis, Kroll Bond Rating Agency OMFIT 2019-2 New Issue Report 2. Source: Kroll Bond Rating Agency; Tier 1 includes SoFi and Marlette; Tier 2 includes LC Prime and Upstart; Tier 3 includes Avant and LC NP. 88 38#39Consumer Loan ABS comps OneMain's focus on ability-to-pay-underwriting, thorough verification, secured lending, lower-loss repeat customers, and high-impact servicing are key differentiators Branch Based Lender Non-prime Prime OneMain Financial. OPORTUN Lendmark Financial Services MARINER REGIONAL MANAGEMENT AVANT LendingClub L LendingClub SoFi PROSPER MARLETTE FINANCE LENDINGPOINT. OMFIT OPTN 2019-2 2019-A LFT 2019-2 MFIT 2019-A RMIT 2019-1 AVNT 2019-B CLUB 2018-NP1 LP 2019-2 CLUB 2020-P1 SCLP 2020-1 PMIT 2019-4 MFT 2020-1 Collateral Characteristics Avg. Loan Bal $7,457 $3,003 $4,621 $2,711 $5,143 $5,736 $7,301 $18,181 $16,049 $30,691 $11,856 $14,395 WA APR/WAC 26.9% 32.5% 26.9% 27.2% 30.4% 24.9% 1 27.0% 21.9% 11.2% 11.3% 2 14.3% 13.5% WA FICO 629 639 4 6233 631 637 650 639 669 713 753 715 720 WA Orig Term (months) 56 31 49 39 45 35 38 44 46 53 46 46 WA Rem Term (months) 48 28 41 30 43 33 34 37 44 49 38 44 Secured % 40.1% 0.0% 50.0% 33.6% 2.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Original Term 0-36 3.7% 64.1% 39.7% 48.8% 26.4% 92.0% 90.2% 26.7% 59.2% 25.1% 59.8% 56.4% 37-48 15.7% 35.9% 34.1% 41.8% 44.8% 7.7% 0.0% 65.3% 0.0% 18.6% 0.0% 0.0% 49-60 58.0% 0.0% 26.3% 6.8% 28.8% 0.3% 9.8% 8.0% 40.8% 45.0% 40.2% 43.6% 61+ 0.2% 0.0% 0.0% 2.7% 0.0% 0.0% 0.0% 0.0% 0.0% 11.3% 0.0% 0.0% Senior Bond Statistics Total Bonds Sold ($mm) $651 $250 $400 $325 $130 $328 $287 $175 $240 $372 $132 $257 Senior Bond Rating AAA / AAA NR / A+ A/AA5 AA / AA- NR/AA5 NR / A- NR / A- NR / A- NR / A+ AAA / AAA NR / A- (S&P/KBRA) Hard Credit Enhancement 31.7% Spread (bps) / Yield WAL RA Loss Assumption Kroll Base Case Loss KBRA Loss Cum./Ann. +150 / 3.2% 7.90 30.0% +130 / 3.1% 3.02 19.6% +125/2.8% 3.58 27.5% +125 / 2.9% 3.49 26.0% +150/3.1% 2.62 29.6% +77 / 3.1% 0.58 49.5% +72/3.1% 0.44 41.7% +130 / 3.1% 0.58 35.5% +65 / 2.3% 0.83 25.7% +50 / 2.0% 1.28 33.3% +75 / 2.5% 0.89 NR/AAA 45.3% +55 / 2.3% 0.86 8.1 - 10.1% 8.2% -10.2% Annualized Cumulative 9.8% 5 Annualized 5 9.8% 11.8% Annualized 8.8% Annualized 5 5 14.1% 16.1% 19.4% -21.4% 13.6 % 15.6% 7.4% -9.4% Cumulative Cumulative Cumulative Cumulative 4.8% -6.8% Cumulative 11% -13% Cumulative 7.8% -9.8% Cumulative OneMain Financial 1. Represents APR. 2. WAC or APR designation not disclosed. 3. Represents Beacon Scores. 4. Represents Vantage Scores. 5. DBRS Ratings. 39#40OMFIT 2019-2 overview Capital structure Class A $651,320,000 68.75% Class B $91,420,000 9.65% OMFIT 2019-2 represents the 14th transaction from the OMFIT shelf since the program's inception in 2014 First OneMain deal utilizing a horizontal residual interest for US Risk Retention and compliant with new EU Risk Retention requirements¹ The Notes issued from a discrete trust with a 7-year revolving period • Concentration limits govern loan eligibility Notes subject to optional redemption on or after the Payment Date in October 2026, coinciding with the end of the revolving period in September 2026 If optional redemption not exercised, the Notes will amortize sequentially Credit enhancement will consist of subordinated notes, overcollateralization, a cash reserve account and excess spread Total Hard Credit Enhancement (% of Assets): Class A: 31.75% • Class C $59,210,000 6.25% Class D $98,050,000 10.35% Initial OC $47,374,174 5.00% Reserve Account 0.50% $4,500,000 OneMain Financial - Class B: 22.10% Class C: 15.85% - Class D: 5.50% In addition, initial excess spread for the transaction is estimated to be 20.07% per annum 1. Article 6(3)(d) retention/No Article 7 compliance. 40 40#41Direct Auto Loans "ODART" Program#42Unique direct-to-consumer auto product Direct Auto product an extension of our successful Secured Personal Loan product, offering borrowers a lower rate, larger loan option Over $11B in originations since 20141 Payment history with former lender is an important underwriting consideration/ loss predictor Direct vs indirect auto Direct Auto Indirect Auto Purpose Predominantly cash- out refinance Vehicle purchase Interest Rate Interest rate set centrally (no branch input) Dealer may mark-up or choose highest fee Underwriting Custom budget based on free cash-flow Score based lending, significant competition Cash Out Refinance 75% Verification Closing 100% income verification Loan closes directly with borrower Sporadic verification Loan closes at dealer Product type² Free & Clear Loan 21% Vehicle Purchase 4% OneMain Financial 1. Represents total Direct Auto originations for 0-8 year old vehicles for OneMain Holdings, Inc. as of December 31, 2019. 2. Represents OneMain Holdings, Inc. 0-8 year old collateral Direct Auto 2019 Originations. 42 42#43Direct Auto cumulative net loss performance OneMain performance highly consistent across vintages All vintages substantially below rating agency class D (BBB) 14.5% stress first dollar loss scenario1 OneMain combined DA annual vintage cumulative net loss 2,3 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 0 3 6 OneMain Financial 6 0.70% ODART 2019-1 Rating Agency Class D CNL Curve 2.0% 2.5% 12 15 18 21 24 27 30 33 36 39 42 45 45 2014 2015 2016 2017 2018 14.5% 3.0% 2.7% 48 1. Source: Internal Company Analysis; S&P ODART 2019-1 Presale. 2. Direct Auto vehicles aged 0-8 years only. 3. Combined annual "OMH" Direct Auto Cumulative Net Loss; Legacy OneMain "OMFH" reflects Gross Loss until system conversion (Q1 2017). 43 33#44OneMain Direct Auto vs other auto issuers Significant percent of lower- loss, return customers and no dependencies on dealer data accuracy Robust customer relationships with servicing done in-house by our team members ODART AAA would require cumulative gross loss to exceed ~57% for principal loss1 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% S&P index: annualized net loss rates 2,3 8.9% 6.7% 1.8% Losses comparable to Prime 0.7% Auto Nov-17 Nov-18 Nov-19 Prime OneMain Direct Auto Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Subprime Subprime (ex. Deep Subprime) OneMain Financial 1. Source: Kroll Bond Rating Agency ODART 2019-1 New Issue Report. 2. OneMain Direct Auto: Vehicles 0-8 years old only. 3. Source: S&P U.S Auto Loan ABS Tracker. 44#45U.S. non-prime auto industry comps OneMain Direct Auto is unique in the predominantly indirect non-prime auto industry OneMain Financial. ally CPS CARVANA GM Financial FLAGSHIP Investors Financial Services Celebrating 27 Years in Business Santander CONSUMER USA Santander CONSUMER USA CREDIT ACCEPTANCE ODART 2019-11 AFIN 2018-2 CPS 2020-A CRVNA 2019-4 AMCAR 2019-3 FCAT 2020-1 FIAOT DRIVE 2019-2 2020-1 SDART 2019-3 Origination Channel Direct 100.0% 0.0% 0.0% 0.0% 0.0% 21.2% 43.2% 0.0% 0.0% Indirect 0.0% 100.0% 100.0% 100.0% 100.0% 78.8% 56.8% 100.0% 100.0% Collateral Characteristics Loan Bal $14,048 $11,917 $15,033 $18,545 $19,992 $18,444 $19,084 $19,958 $18,786 WA APR/WAC 19.7% 8.5% 19.2% 13.6% 12.9% 16.1% 14.5% 19.0% 15.5% WA FICO 631 649 561 634 WA LTV2 136.1% 104.9% 115.5% 98.8% 581 109.0% 587 123.2% 583 127.1% 582 111.8% 619 107.8% WA Orig Term (months) 57 71 69 70 71 70 70 71 71 Original Term 0-48 19.5% 0.0% 2.0% 2.2% 1.1% 1.2% 1.2% 2.2% 2.2% 49-60 61.6% 13.5% (0-60) 20.5% 3.2% 6.1% 11.5% 12.5% 5.2% 5.7% 61 - 72 19.0% 69.4% 77.5% 88.8% 78.7% 86.9% 85.7% 82.0% 75.9% 73+ 0.0% 17.0% 0.0% 5.8% 14.1% 0.5% 0.6% 10.6% 16.2% FICO Distribution 500 & Lower³ 0.6% 16.2% (<550) 17.3% 14.5% 5.3% 0.5% (<500) 2.9% 20.3% 14.8% 501-600 27.1% 21.9% (550-599) 63.3% 26.1% 53.0% 61.3% (500-599) 62.8% 50.6% 35.4% 601-650 38.4% 34.6% 15.6% 20.2% 35.4% 651 & Higher 34.0% 31.4% 3.9% 39.2% 6.3% 28.2% (600-649) 10.0% (>=650) 28.6% 20.2% 26.2% 5.8% 8.9% 23.6% RA CNL Assumption S&P 6.0% Moody's 4.0% -4.2% 4.3% 9.8% - 10.3% 12.0% 12.5% 10.8% 11.3% 24.3% -25.3% 19.0% 11.0% 23.0% 15.5% - 16.3% 15.0% Fitch DBRS Kroll 5.1% 2.9% -4.9% 15.7% 8.8% 12.0% 9.3% -11.3% 11.5% 12.5% 9.7% -10.2% OneMain Financial 1. Direct Auto vehicles aged 0-8 years only used in ODART. 2. OneMain uses more conservative wholesale NADA Clean trade in value (not retail value; does not include additions). 3. Includes loans with no FICO score. 45 445#46ODART 2019-1 overview Capital structure Class A $533,250,000 71.10% ODART 2019-1 represented the 5th transaction from the ODART shelf since the program's inception in 2016 Notes issued from a discrete trust, with a 5-year revolving period • Concentration limits govern loan eligibility Credit enhancement consists of subordinated notes, overcollateralization, a cash reserve account and excess spread • Total Hard Credit Enhancement (% of Assets): Class B $89,630,000 11.95% - Class C $59,620,000 7.95% Class D $54,380,000 7.25% Class A: 29.40% Class B: 17.45% Class C: 9.50% Class D: 2.25% Initial excess spread estimated to be 13.5% per annum Initial OC $13,128,297 1.75% Reserve Account 0.50% $3,750,041 OneMain Financial 46 46#47Data Supplement#48OMFIT key performance metrics 3 month net annualized loss¹ 16.0% Monthly payment rate² 10.0% 14.0% 8.0% 12.0% 10.0% 6.0% 8.0% 6.0% 4.0% 4.0% 2.0% 2.0% 0.0% 0.0% 1 4 -2017-1 2018-1 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 2015-1 2015-2 2015-3 2016-1 2018-2 2019-1 Jan-16 -2016-2 2016-3. - 2019-2 Prepays (CRR)3,4 80.0% With Renewals Without Renewals Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 2015-1-2015-2 -2015-3-2016-1-2016-2-2016-3 2017-1 2018-1 60+ Delinquency 2018-2-2019-1-2019-2 7.0% 6.0% With 60.0% Renewals 5.0% 4.0% 40.0% Without 20.0% Renewals 3.0% 2.0%- 1.0% 0.0% 0.0% Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 1 4 2015-1 -2017-1-2018-1 2015-2 2015-3 2018-2 2016-1 2019-1 2016-2 2016-3 2019-2 OneMain Financial 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 2015-1 2015-2-2015-3-2016-1-2016-2-2016-3 2017-1-2018-1 2018-2 2019-1-2019-2 Solid Line: Revolving Period; Dotted Line: Amortization As of February 2020 Payment Date 1. Elevated losses occur during amortization period because of declining denominator while losses in the numerator are on a 6 month lag. 2. Payment rate = Principal collections divided by beginning of period balance. 3. Renewals remain in transaction during the revolving period and are treated as full payoff during the amortization period. 4. Scheduled principal calculated based on trust weighted averages. 48 48#49SLFT key performance metrics 3 month net annualized loss¹ 14.0% Monthly payment rate² 10.0% 12.0% 8.0% 10.0% 6.0% 8.0% 6.0% 4.0% 4.0% 2.0% 2.0% 0.0% 0.0% 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 2015-A 2015-B 2016-A -2017-A Prepays (CRR)3,4 80.0% 60.0% 40.0% With Renewals Ja M M M A M 20.0% 0.0% Without Renewals Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 ―-2015-A 2015-B 2016-A-2017-A OneMain Financial Solid Line: Revolving Period; Dotted Line: Amortization Without Renewals With A Renewals しょ Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 -2015-A -2015-B -2016-A -2017-A 60+ Delinquency 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 -2015-A -2015-B -2016-A 2017-A As of February 2020 Payment Date 1. Elevated losses occur during amortization period because of declining denominator while losses in the numerator are on a 6 month lag. 2. Payment rate = Principal collections divided by beginning of period balance. 3. Renewals remain in transaction during the revolving period and are treated as full payoff during the amortization period. 4. Scheduled principal calculated based on trust weighted averages. 49 49#50ODART key performance metrics 3 month net annualized loss¹ Monthly payment rate² 5.0% 10.0% 9.0% 4.0% 8.0% 7.0% 3.0% 6.0% 5.0% 2.0% 4.0% 3.0% 1.0% 2.0% 1.0% 0.0% + 0.0% 1 4 7 10 2017-1 -2017-2 13 16 19 22 25 -2018-1 28 31 34 2019-1 Prepays (CRR)3,4 80.0% 60.0% 40.0% 20.0% Without Renewals 0.0% With Renewals Without Renewals Jan-18 May-18 -2017-1 Sep-18 Jan-19 May-19 Sep-19 Jan-20 ―2017-2 -2018-1 -2019-1 60+ Delinquency 5.0% 4.0% With Renewals 3.0% Jan-18 May-18 Sep-18 Jan-19 May-19 -2017-1 2017-2 -2018-1 OneMain Financial 2.0% 1.0% 0.0% Sep-19 2019-1 Jan-20 1 4 7 -2017-1 10 13 16 19 22 25 28 31 ―2017-2 2018-1 34 2019-1 Solid Line: Revolving Period; Dotted Line: Amortization As of February 2020 Payment Date 1. Elevated losses occur during amortization period because of declining denominator while losses in the numerator are on a 6 month lag. 2. Payment rate = Principal collections divided by beginning of period balance. 3. Renewals remain in transaction during the revolving period and are treated as full payoff during the amortization period. 4. Scheduled principal calculated based on trust weighted averages. 50#51Personal Loan 30+ day delinquency outcomes¹ 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Roll Worse Roll Same Roll Better ■Renewals Charge Off Borrower Assistance Monthly D30+ (Prior Month) Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 3.1% 3.0% 2.9% 2.9% 2.9% 3.0% 3.2% 3.3% 3.4% 3.5% 0.6% 0.6% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.8% 0.8% 0.7% 0.7% 0.6% 0.6% 0.6% 0.7% 0.1% 0.1% 0.2% 0.2% 0.2% 0.2% 0.1% 0.1% 5.2% 4.9% 4.7% 4.6% 4.5% 4.7% 4.7% 5.0% 0.4% 0.4% 0.0% 0.0% 0.0% 0.7% 0.7% 0.7% 0.8% 0.2% 0.1% 0.2% 0.1% 0.2% 5.1% 5.2% 5.3% 5.2% 5.0% Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 3.5% 3.3% 3.1% 2.9% 2.8% 2.8% 2.8% 2.9% 3.0% 3.1% 3.2% 3.2% 0.5% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.5% 0.5% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.8% 0.7% 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.2% 0.2% 0.2% 0.2% 0.2% 0.1% 0.2% 0.1% 0.2% 4.6% 4.4% 4.3% 4.3% 4.5% 4.5% 4.7% 4.8% 4.9% OneMain Financial 1. Numbers may not add due to rounding. 51#52Direct Auto 30+ day delinquency outcomes¹ 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Roll Worse ■Roll Same ■Roll Better ■Renewals Charge Off Borrower Assistance Monthly D30+ (Prior Month) 1.6% Mar-18 Apr-18 May-18 Jun-18 0.8% 0.8% 0.8% 0.8% 0.1% 0.1% 0.1% 0.1% 0.3% 0.3% 0.2% 0.3% 0.0% 0.0% 0.0% 0.0% 0.2% 0.2% 0.2% 0.2% 0.1% 0.0% 0.0% 0.0% 1.5% 1.4% 1.4% Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 0.8% 0.1% 0.2% 0.8% 0.8% 0.9% 0.9% 1.0% 0.1% 0.1% 0.1% 0.1% 0.1% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.0% 0.0% 1.4% 1.5% 0.1% 0.1% 0.3% 0.0% 0.1% 0.0% 0.1% 0.1% 1.5% 1.5% 1.6% 1.6% 1.7% Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 1.0% 0.9% 0.9% 0.8% 0.8% 0.9% 0.9% 1.0% 1.0% 1.0% 1.1% 1.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.3% 0.2% 0.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 1.6% 1.6% 1.5% 1.5% 1.5% 1.6% 1.7% 1.8% 1.8% 1.8% 2.0% OneMain Financial 1. Includes Direct Auto 9-10, numbers may not add due to rounding. 52 52#53Re-age Modification Deferral Borrower assistance programs Description Criteria Delay of monthly payment due date or final payment date by one month; resolves a short term cash flow issue No more than 3 in a rolling 12 months Must make at least a partial payment Provides relief to customer for ongoing/higher severity issues; involves changed loan terms (rate and/or tenor) Modifies loan to meet new financial situation of the borrower % of UPB1 1.8% Temporary modification: Rate and payment reductions (3 or 6 month duration with ability to extend to 12 months) Permanent modification: 0.3% Leverages term extension and/or rate reduction to meet borrower payment affordability Centrally approved Loan brought current after customer demonstrates ability to resume consistent payments after temporary hardship (e.g. job loss) 2 or 3 full payments required (60+ DPD requires 3 payments) Centrally approved 1 in a rolling 12 months 0.1% OneMain Financial 1. Average monthly utilization of borrower assistance over the last twelve months for all OneMain Holdings, Inc. as of December 31, 2019. 53#54Direct Auto Personal Loan Secured Unsecured Total OMH $ in millions Combined portfolio performance history by product type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Origination Volume FICO of Originations APR at Origination $12,056 627 $13,767 23.0% 627 23.2% $16,137 629 23.4% $14,395 625 23.3% $8,318 620 23.9% $6,688 635 25.3% $7,218 631 25.9% $7,206 627 26.8% $8,653 626 27.9% $9,430 626 28.0% $10,585 625 27.3% $9,455 628 26.1% $10,537 630 26.2% $11,923 629 26.8% $13,803 626 27.1% Portfolio Receivables $12,518 Portfolio 60+ DQ 3.6% Portfolio Net Charge-off 7.8% $14,169 3.5% 5.5% $17,360 3.9% 6.2% $18,509 5.1% 8.4% $15,125 4.7% 11.8% $12,976 5.4% 10.2% $11,735 4.0% 9.0% $11,152 3.6% 6.6% $11,342 3.0% 5.7% $12,243 $13,572 3.5% 5.8% 3.0% 7.0% $13,455 $14,820 3.6% 3.4% 7.1% 7.0% $16,195 $18,421 3.3% 6.5% 3.1% 6.0% Origination Volume $7,456 Percent of Total Originations FICO of Originations 62% 638 APR at Origination 23.5% $8,853 64% 638 23.7% $11,275 70% 640 23.8% $10,152 71% 636 23.5% $5,436 65% 628 24.0% $4,067 61% 642 25.6% $4,387 61% 639 26.4% $4,843 67% 634 27.1% $6,302 73% 634 28.2% $6,819 72% 634 28.5% $7,331 69% 634 28.3% $5,529 58% 636 27.8% $5,659 54% 635 28.2% $6,009 50% 635 29.0% $6,245 45% 635 29.4% Portfolio Receivables $7,700 $8,909 Percent of Total Receivables 62% 63% $11,716 67% $12,848 69% $10,253 $8,506 $7,461 $7,326 $7,964 $8,748 $9,502 68% 66% 64% 66% 70% 71% 70% $8,544 64% $8,519 $8,504 $8,907 57% 53% 48% Portfolio 60+ DQ 3.3% 3.5% 3.8% 5.3% Portfolio Net Charge-off 9.3% 5.8% 6.8% 9.2% 4.7% 13.6% 5.7% 11.5% 4.2% 10.3% 3.7% 3.1% 3.8% 3.4% 4.5% 4.4% 4.6% 4.3% 7.4% 6.2% 6.5% 8.1% 8.7% 9.4% 9.0% 8.8% Origination Volume Percent of Total Originations FICO of Originations APR at Origination Origination Volume $4,601 Percent of Total Originations FICO of Originations 38% 610 APR at Origination 22.1% $4,914 36% 608 22.3% $4,862 30% 604 22.4% $4,242 29% 598 22.7% $2,881 35% 604 23.6% $2,622 39% 622 24.8% $2,831 39% 619 25.1% $2,363 33% 610 26.1% $2,351 27% 607 27.1% $2,362 25% 605 27.6% $2,181 21% 604 27.8% $2,206 23% 610 27.6% $2,520 24% 613 28.0% $3,123 $4,632 26% 613 28.0% 34% 611 27.3% Portfolio Receivables $4,818 $5,260 $5,644 $5,661 $4,872 $4,470 $4,275 $3,826 $3,378 $3,258 $3,060 $2,938 $3,309 $3,925 $5,389 Percent of Total Receivables 38% 37% 33% 31% 32% 34% 36% 34% 30% 27% 23% Portfolio 60+ DQ 4.1% 3.5% 4.2% 4.8% 4.6% 4.7% 3.7% 3.6% 2.9% 3.0% 2.8% 22% 2.7% 22% 24% 29% 2.6% 2.5% 2.5% Portfolio Net Charge-off 5.4% 4.8% 5.0% 6.6% 7.9% 7.4% 6.6% 5.2% 4.6% 4.2% 5.1% 5.1% 5.0% 4.9% 4.4% Portfolio Receivables Percent of Total Receivables Portfolio 60+ DQ Portfolio Net Charge-off OneMain Financial Note: numbers may not add due to rounding. $249 3% 608 18.6% $1,073 10% 608 19.4% $1,719 18% 627 18.6% $2,358 22% 636 19.5% $2,791 23% 633 20.8% $2,926 21% 629 21.7% $237 $1,010 $1,973 $2,992 $3,766 $4,125 2% 7% 15% 20% 23% 22% 0.1% 0.9% 1.0% 1.0% 1.1% 1.3% 0.0% 0.5% 1.2% 1.5% 1.7% 1.9% 54