OneMain Financial Performance Overview
OneMain 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
38View entire presentation