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- Exhibit 99.1 ONEMAIN HOLDINGS , INC . REPORTS FIRST QUARTER 2021 RESULTS 1Q 2021 Diluted EPS of $ 3.06 1Q 2021 C & I adjusted diluted EPS of $ 3.37 - 1Q 2021 C & I ending net finance receivables of $ 17.6 billion - 1Q 2021 C & I net charge - off ratio of 4.67 % Raises minimum quarterly dividend 56 % to $ 0.70 per share - Announces $ 150 million share repurchase program Evansville , IN , April 26 , 2021 - OneMain Holdings , Inc. ( NYSE : OMF ) today reported pretax income of $ 546 million and net income of $ 413 million for the first quarter of 2021 , compared to $ 43 million and $ 32 million , respectively , in the prior year quarter . Earnings per diluted share were $ 3.06 in the first quarter of 2021 , compared to $ 0.24 in the prior year quarter . On April 26 , 2021 , OneMain raised its minimum quarterly dividend 56 % to $ 0.70 per share payable on May 13 , 2021 to record holders of the company's common stock as of the close of business on May 6 , 2021. The company expects to maintain a minimum quarterly dividend of $ 0.70 per share going forward . Dividends above the minimum will be evaluated by the Board every first and third quarters , as is consistent with prior quarters and the company's capital allocation strategy . The company also announced that it is commencing a $ 150 million share repurchase program to supplement its capital allocation program . " Our strong financial results in the first quarter reflect the improving economic environment as well as our focus on the core drivers of our business , " said Doug Shulman , Chairman and CEO of OneMain . " We expect to see increasing demand for our products as the economy continues to accelerate and as we advance key strategic initiatives that help our customers improve their financial well - being . " The company also announced today that it has entered into an agreement to acquire Trim , a customer - focused financial wellness fintech company . The acquisition of Trim , subject to completion of standard closing conditions , will enhance OneMain's digital features designed to help its more than 2.2 million customers progress to a better financial future . The following segment results are reported on a non - GAAP basis . Refer to the required reconciliations of non - GAAP to comparable GAAP measures at the end of this press release . Consumer and Insurance Segment ( " C & I " ) C & I generated adjusted pretax income of $ 607 million and adjusted net income of $ 455 million for the first quarter of 2021 , compared to $ 60 million and $ 45 million , respectively , in the prior year quarter . Adjusted earnings per diluted share were $ 3.37 for the first quarter of 2021 , compared to $ 0.33 in the prior year quarter . Management runs the business based on C & I adjusted net income excluding the change in allowance for finance receivable losses net of tax while still considering the current period net charge - offs . Management believes this reflects the capital generation of the business , which was $ 299 million for the first quarter of 2021 , representing a 35 % increase versus the prior year period . Originations totaled $ 2.3 billion in the first quarter of 2021 , down 12 % from $ 2.6 billion in the prior year quarter . The percentage of secured originations was 50 % in the first quarter of 2021 , down from 53 % in the prior year quarter . Ending net finance receivables reached $ 17.6 billion at March 31 , 2021 , down 4 % from $ 18.3 billion at March 31 , 2020. Secured receivables were 52 % of ending net finance receivables at March 31 , 2021 , flat with 52 % at March 31 , 2020 . Average net finance receivables were $ 17.8 billion in the first quarter of 2021 , down 3 % from $ 18.4 billion in the prior year quarter . Yield was 24.04 % in the first quarter of 2021 , relatively flat from 24.07 % in the prior year quarter . Interest income in the first quarter of 2021 was $ 1.1 billion , reflecting a $ 44 million decrease compared to the prior year quarter due to lower average net finance receivables . 1