OneMain Financial Performance Overview
Secured 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
24View entire presentation