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Key Highlights

Digital Studio Remains Largest Revenue Source: The digital studio segment generated $18.7 million, or 41.4% of FY2025 total revenue, continuing to anchor the Company's strategic focus on digital studio services and supporting a growing pipeline of long-term client engagements in Japan and government and NPO project contracts in Taiwan

Cost Discipline and Efficiency Initiatives: Despite incurring a full year of public company compliance costs in FY2025 (the Company became Nasdaq-listed in December 2024), the Company implemented a comprehensive cost reduction program in the second half of FY2025 - including headcount reductions, Taiwan office consolidation, and IT infrastructure optimization - the benefits of which are expected to flow more meaningfully into FY2026

Year-over-Year Reduction in Net Loss: Net loss decreased by $40.4 million year-over-year to $44.6 million in FY2025, primarily reflecting the absence of one-time expenses associated with the Company's December 2024 Nasdaq listing and lower finance costs

Tokyo, Japan--(Newsfile Corp. - May 12, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia, today announced its financial results for the fiscal year ended December 31, 2025, and the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2026.

The FY2025 results reflect the Company's operations during the fiscal year ended December 31, 2025, prior to the leadership realignment and 2026 strategic initiatives announced on April 2, 2026. As previously disclosed, the Company appointed new leadership and adopted FY2026 initiatives intended to strengthen operational execution and accelerate its strategic focus on digital studio services, content commerce, and AI-powered products. Additional information is available in the Company's April 2, 2026 press release, and the related Form 6-K filed with the SEC.

FY2025 Business and Operational Highlights

Digital Studio - Primary Strategic Focus and Largest Revenue Business Unit: The digital studio business unit, which the Company has positioned as its primary strategic focus, generated $18.7 million in FY2025, representing 41.4% of total revenue and the Company's largest reporting segment. Performance in this segment is supported by long-term client engagements in Japan and government and NPO project contracts in Taiwan, which contribute to a degree of revenue visibility relative to other segments. The Company also served as the lead partner for "TechGALA Japan 2026," a global tech conference held in Nagoya in January 2026 that featured over 150 participating companies in its exhibition, further reinforcing the Company's positioning in the digital studio market. See Item 5 of the Company's FY2025 Form 20-F for further discussion.

AI Integration Across Operations: The Company continues to integrate AI technologies into its operations, including AI-assisted content production in its digital media business and AI-enabled product development in its digital studio business that commenced in the fourth quarter of FY2025. These initiatives are intended to support content production efficiency and to expand the Company's product offerings to clients. See Item 5 of the Company's FY2025 Form 20-F for further discussion.

AI-Assisted Product Development in Digital Studio Commenced in Q4 2025: During the fourth quarter of FY2025, the Company commenced development of AI-assisted products and services within its digital studio business, with AI tools now broadly deployed across many of its digital studio client engagements. These offerings are at an early stage of development. The Company believes the integration of AI capabilities with its digital studio creative and strategic services may, over time, support deeper client relationships and the development of new revenue streams; however, there can be no assurance that such offerings will be developed or commercialized successfully or in a timely manner. See Item 5 of the Company's FY2025 Form 20-F for further discussion.

Cost Efficiency Initiatives Implemented: During the second half of FY2025, the Company implemented a comprehensive cost efficiency program, including headcount reductions, office space consolidation in Taiwan, and IT infrastructure optimization. The Company expects the full benefits of these initiatives to contribute more meaningfully to the Company's cost structure in FY2026. See Item 5 of the Company's FY2025 Form 20-F for further discussion.

Total revenue for FY2025 was $45.0 million, compared to the preliminary revenue outlook of $49.1 million that the Company announced in December 2025. The variance primarily reflected (i) softer-than-anticipated revenue performance in certain operations within the Company's digital studio business, including delays in project executions and project cancellations; (ii) softer-than-anticipated revenue performance in the Company's digital media business; and (iii) consolidation adjustments to revenue. The Company's preliminary revenue outlook published in December 2025 was a forward-looking statement subject to the cautionary disclosures previously published with that outlook, and is subject to the same risks, uncertainties, and limitations discussed below under "Cautionary Statement Regarding Forward-Looking Statements."

2026 Strategic Initiatives and Recent Leadership Changes

As previously announced on April 2, 2026, the Company completed a leadership realignment and adopted a set of strategic initiatives for FY2026 designed to strengthen operational execution, accelerate the strategic pivot toward digital studio services, content commerce, and AI-powered products, and enhance long-term shareholder value. These initiatives include a comprehensive review of the Company's business portfolio, continued cost discipline measures, and the development and commercialization of AI-powered products through a dedicated research and development team. For additional information regarding the leadership realignment and FY2026 strategic initiatives, please refer to the Company's press release dated April 2, 2026, and the related Report of Foreign Private Issuer on Form 6-K filed with the SEC.

Financial Highlights and Liquidity

Year-over-Year Reduction in Net Loss: Net loss decreased by $40.4 million year-over-year to $44.6 million in FY2025 from $85.0 million in FY2024. The reduction was primarily attributable to (i) the absence in FY2025 of one-time expenses associated with the Company's December 2024 Nasdaq listing, including a $38.2 million non-cash listing expense and approximately $4.1 million of professional service fees, and (ii) lower finance costs of $0.9 million in FY2025 compared to $8.2 million in FY2024. See Item 5 of the Company's FY2025 Form 20-F for further discussion.

Non-Cash Impairment of Goodwill and Intangible Assets: Operating loss for FY2025 included an impairment charge of $39.2 million relating to the write-off of goodwill and intangible assets associated with the Company's Japan-based Mediagene business. The impairment was a non-cash charge and did not impact the Company's cash position. As described in Note 11 to the Company's FY2025 consolidated financial statements, the initial business plan used for the enterprise value evaluation in connection with the May 2023 merger of the Company and Mediagene Inc. was based on a growth rate reflecting the anticipated expansion strategy and synergies of the merger; however, following the merger and during subsequent operations, the anticipated synergies have continued to fall short of initial expectations due to further changes in the overall environment, necessitating additional adjustments to the financial projections. As a result of the downward revision in projected future revenues, the fair value declined and an additional impairment loss was recognized in the current period.

Liquidity Position and Going Concern Disclosure: The Company's cash and cash equivalents were $1.9 million as of December 31, 2025. The FY2025 audited consolidated financial statements include a going concern emphasis-of-matter, and the Company will require additional financing to fund its operations beyond FY2026. During FY2025, the Company secured additional funding through draws on its equity line of credit and the issuance of equity and convertible debt, and the Company is exploring additional financing alternatives. See Item 5 of the Company's FY2025 Form 20-F for a detailed discussion of the Company's liquidity, going concern considerations, and management's plans.

Access to the FY2025 Annual Report:

The Company's FY2025 Annual Report on Form 20-F is accessible on the SEC's EDGAR system at www.sec.gov and on the Company's investor relations website at www.tnlmediagene.com/ir. Shareholders may also request a hard copy of the FY2025 Annual Report, including the audited consolidated financial statements, free of charge, by contacting the Company at [email protected].

Internal Control Over Financial Reporting:

As disclosed in Item 15 of the FY2025 Annual Report on Form 20-F, management has concluded that the Company's internal control over financial reporting was not effective as of December 31, 2025, due to three previously identified material weaknesses that have not yet been fully remediated. The Company has implemented, and continues to implement, remediation actions, which are described in Item 15 of the FY2025 Form 20-F. Investors are encouraged to review Items 3.D ("Risk Factors") and 15 ("Controls and Procedures") of the FY2025 Form 20-F for further information.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements regarding (i) the Company's strategic priorities, including the digital studio business as the Company's primary strategic focus; (ii) the Company's expectations regarding the development and commercialization of AI-assisted products and services within its digital studio business; (iii) the expected benefits of the cost efficiency initiatives implemented during the second half of FY2025, including expected impact on FY2026 results; (iv) the variance between the Company's FY2025 actual revenue results and the preliminary revenue outlook the Company announced in December 2025; (v) the Company's liquidity, going concern considerations, and ongoing efforts to secure additional financing; (vi) statements by TNL Mediagene's management; and (vii) the Company's strategic initiatives for FY2026 as described in the Company's April 2, 2026 press release, including portfolio review and optimization, cost discipline measures, and the development and commercialization of AI-powered products. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's FY2025 Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are material that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297101

Source: TNL Mediagene

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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced the official launch of Eddie Bauer Adventure Club, a new hospitality concept that brings the spirit of one of America’s original outdoor brands to life in a fully immersive travel experience. Marking its debut, the brand’s first destination is now open in Moab, Utah—setting the stage for a portfolio designed for exploration, connection, and the spirit of living your adventure.

Created in partnership with Authentic Brands Group (Authentic), owner of the Eddie Bauer brand, Eddie Bauer Adventure Club represents the brand’s first venture into hospitality. Rooted in more than a century of outdoor heritage, the club transforms Eddie Bauer’s ‘Live Your Adventure’ ethos into a stay experience that blends thoughtful design, curated programming, and access to the natural world.

The inaugural Moab property introduces the brand through a destination synonymous with adventure. Featuring 39 suites — including studios and one-, two-, and three-bedroom accommodations — the resort reflects Eddie Bauer’s rugged yet refined sensibility. Interiors balance outdoor-inspired materials with modern comforts such as kitchenettes or full kitchens, in-unit laundry, and spacious living areas, creating a basecamp for discovery and relaxation.

“The launch of Eddie Bauer Adventure Club marks an exciting evolution for our company as we continue to expand into experience-driven hospitality,” said Michael D. Brown, president and CEO of Travel + Leisure Co. “Moab is the ideal first destination—where the brand’s legacy of adventure can come to life in a meaningful way. This is just the beginning as we build a new kind of vacation club experience centered on exploration and connection.”

Located near iconic landscapes such as Arches National Park and Canyonlands National Park, the Moab destination offers guests and owners direct access to some of the country’s most celebrated outdoor experiences. From hiking and mountain biking to river rafting, off-roading, and stargazing, each stay is designed to immerse travelers in the energy and beauty of the surrounding environment.

Eddie Bauer Adventure Club is designed with thoughtful sustainability initiatives intended to help guests explore more responsibly. Refillable hydration stations, reusable bottle programs, and reduced single-use plastic amenities are integrated throughout the experience as part of the brand’s commitment to outdoor stewardship.

“For a brand built on ‘Live Your Adventure,’ the debut of Eddie Bauer Adventure Club is about extending the brand beyond products and into lived experience,” said David Brooks, EVP, Action Sports at Authentic. “Moab is the first expression of that vision—an environment where the spirit of adventure isn’t just represented but fully realized. Together with Travel + Leisure Co., we’re creating a platform for future destinations that stay true to the brand’s heritage while inviting people to engage with it in a new way.”

Founding owners of Eddie Bauer Adventure Club gain access to a range of exclusive benefits, including an annual curated excursion for two, priority booking privileges, and 50% savings on Eddie Bauer apparel and gear. These offerings are designed to extend the adventure beyond each stay and deepen the connection to the brand.

Ways to Experience Eddie Bauer Adventure Club in Moab

Owner Reservations – Founding and new members can secure stays at the Moab resort while enjoying exclusive Adventure Club benefits. Learn more at eddiebaueradventureclub.com. Rental Stays – Travelers can explore the vacation club lifestyle through short-term rental bookings available on ExtraHolidays.com. Made for Moab: Red Rock & Roam Sweepstakes – To celebrate the brand launch, the vacation club is hosting a year-long sweepstakes featuring a grand prize that includes a seven-night stay, $2,000 airline credit, and a $1,000 virtual promotional prepaid Mastercard for adventure gear, along with additional weekly and monthly prizes. As the first destination in the Eddie Bauer Adventure Club portfolio, Moab establishes the foundation for future locations designed to inspire adventure-minded travelers. The launch reinforces Travel + Leisure Co.’s leadership in creating a diversified, performance-driven portfolio of vacation ownership brands, including experiential options like Sports Illustrated Resorts in partnership with Authentic, Margaritaville Vacation Club, and Accor Vacation Club, and cornerstone brands Club Wyndham, WorldMark, and RCI.

For more information about Eddie Bauer Adventure Club, visit eddiebaueradventureclub.com.

To learn more about Travel + Leisure Co. and its portfolio of leisure travel brands, please visit travelandleisureco.com.

Sweepstakes Entry Rules: NO PURCHASE NECESSARY OR SPIN NECESSARY TO ENTER OR WIN. A PURCHASE OR SPIN OF ANY KIND WILL NOT INCREASE YOUR CHANCES OF WINNING. The Red Rock and Roam Giveaways is open only to residents of the 50 United States and D.C. and Puerto Rico, who are 28 years of age or older are eligible. Void where prohibited. Starts at 12:00:01 AM ET on 1/12/2026 and ends at 11:59:59 PM ET on 1/12/2027 and will consist of 52 weekly, 12 monthly and 1 grand prize entry pools. Visit Official Rules for official rules, odds, prize details and to enter. Sponsor: Wyndham Resort Development Corporation d/b/a Eddie Bauer Adventure Club 501 W. Church St., Orlando, FL 32805.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

About Authentic Brands Group

Authentic Brands Group (Authentic) is a leading sports, media, entertainment and lifestyle platform. As the owner of some of the most iconic and beloved intellectual property in the world, Authentic acquires and invests in brands to create long-term value for all of its stakeholders.

A digital-first, asset-light platform, Authentic sits at the intersection of culture, commerce and technology. It brings brands to life and cultivates fandom through powerful storytelling, premium content and unforgettable live experiences. Together with nearly 2,000 best-in-class licensing partners across 150 countries and an expansive distribution network, Authentic’s brands drive more than $38 billion in annual systemwide retail sales worldwide.

Authentic’s diversified portfolio spans more than 50 brands and reaches nearly one billion social media followers. Its roster includes Reebok, Champion, Shaquille O’Neal, David Beckham, Kevin Hart, Sports Illustrated, Elvis Presley, Muhammad Ali, Marilyn Monroe, Guess?, Aéropostale, Nautica, Eddie Bauer, Lucky Brand, Nine West, Brooks Brothers, Juicy Couture, Vince Camuto, Izod, Van Heusen, Dockers, Ted Baker, Hart Schaffner Marx, Vince, Barneys New York, Judith Leiber, Quiksilver, Spyder, Billabong, Volcom, Roxy, RVCA, DC Shoes, Prince, Sperry and Hunter.

For more information, visit corporate.authentic.com. Follow Authentic on LinkedIn, Instagram and WeChat.

About Eddie Bauer

For more than 100 years, outdoor brand Eddie Bauer has been inspiring, enabling, and empowering people to live their adventure with products that are built to last. Their performance outerwear, apparel, footwear, accessories, and gear. Shop on eddiebauer.com. Follow on Instagram, Facebook and X.

More News From Travel + Leisure Co.

Ad2iction, a subsidiary of the Company, launches upgraded Ad2 AI Audience to support the shift from tracking-based advertising toward predictive AI audience modeling in the AI search eraThe upgraded solution integrates retail transaction data, consumer intent, content engagement, and advertising interaction signals to refine AI Audience ModelsOver the past year, the solution has supported advertising and marketing campaigns across more than 35 industry categories, which based on commonly used industry classifications in the advertising industry and over 370 brands in TaiwanAd2iction also introduces "Immersion," a new AI-enhanced interactive advertising format combining AI-assisted creative generation with interactive storytelling experiencesLaunch reflects the Company's continued expansion of AI integration, audience intelligence, and AI-driven marketing technology capabilitiesTokyo, Japan--(Newsfile Corp. - May 20, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia today announced that its subsidiary Ad2iction has launched an upgraded version of Ad2 AI Audience. The upgraded Ad2 AI Audience integrates retail transaction data, consumer intent, content engagement, and advertising interaction signals to help brands navigate the industry-wide shift from tracking-based advertising toward predictive AI audience modeling.

Ad2 AI Agent is Ad2iction's AI-powered marketing solution that includes "AI Audience" and "AI Creative" capabilities across digital marketing environments.

The launch of the upgraded Ad2 AI Audience reflects the Company's broader 2026 strategic focus on expanding AI-powered products, audience intelligence, and marketing technology capabilities alongside its digital studio and content commerce businesses. As previously disclosed, the Company has been accelerating the integration and commercialization of AI-driven products and solutions across its operations as part of its long-term growth strategy.

As AI-powered search features and generative AI interfaces increasingly reshape how consumers discover products and information, brands are finding it more difficult to rely solely on conventional tracking signals such as cookies, clicks, and traditional attribution models to understand audiences. At the same time, the growing adoption of AI tools and the rise of zero-click search behaviors continue to transform digital consumer journeys.

The upgraded Ad2 AI Audience builds dynamic AI audience models by integrating multi-dimensional behavioral and consumer intent signals to enhance the prediction of consumer interests and behavioral tendencies. Compared with traditional audience analysis approaches that rely on tracking-based methods, the solution shifts toward real-world data-driven modeling, drawing on signals derived from fragmented digital environments and actual consumer behaviors. The solution also incorporates dynamic updating and AI audience scoring mechanisms, enabling its models to recalibrate audience relevance and advertising performance as consumer environments evolve.

The upgraded Ad2 AI Audience integrates diverse anonymized transaction and behavioral datasets, including retail transaction data from Taiwan's leading financial information platforms, as well as consumer intent and content engagement signals accumulated across e-commerce ecosystems and major commerce platforms. These capabilities help brands develop a more precise understanding of audience profiles and potential consumer demand. The solution has already been deployed across campaigns for major consumer brands, large-scale e-commerce platforms, and leading digital marketing initiatives in Taiwan. Over the past year, the solution has supported advertising and marketing campaigns across more than 35 industry categories, which based on commonly used industry classifications in the advertising industry and over 370 brands in Taiwan.

As part of this latest Ad2 AI Agent product upgrade, Ad2iction also introduced "Immersion," a new AI-enhanced interactive advertising format. The format combines scroll-triggered storytelling, layered parallax effects, and AI-assisted creative generation technologies to create more immersive brand experiences. It is designed to help brands strengthen audience engagement and improve message retention, while expanding the creative application of AI-generated visual assets across digital advertising environments.

The upgraded Ad2 AI Audience and Immersion have already been deployed across more than 200 advertising campaigns in Taiwan following their market introduction in early May 2026.

"AI is reshaping how brands interact with consumers and redefining the data and intelligence that underpin marketing decisions. The upgrade of our AI audience intelligence capabilities is another step in the Company's broader effort to advance AI integration and AI-driven marketing applications. By leveraging the Company's multi-dimensional data strengths, we aim to provide differentiated marketing decision-support solutions and help brands, advertisers, and agency partners build more adaptive marketing capabilities in the AI era," said Joey Chung, Co-Founder & President of TNL Mediagene.

"Consumer journeys are no longer linear, and audience signals are becoming increasingly fragmented across AI platforms, e-commerce channels, and content ecosystems. Ad2 AI Audience is designed to learn from real-world behaviors and diverse data signals, helping brands move beyond static audience targeting toward more adaptive, predictive decision-making," said Edward Hsu, Taiwan General Manager of TNL Mediagene.

Since FY2025, the Company has continued integrating AI technologies across its operations while expanding its AI-assisted product development capabilities. The launch of the upgraded Ad2 AI Audience further reflects the Company's previously disclosed direction regarding AI integration and AI-assisted product development initiatives. Looking ahead, the Company intends to continue expanding its AI-driven advertising, audience intelligence, and marketing technology capabilities as part of its broader efforts to develop technology-enabled solutions beyond traditional media operations.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology company providing AI-powered advertising, marketing technology, content commerce, and data analytics solutions to brands and agencies across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298189

Source: TNL Mediagene

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On May 20, 2026, Travel+Leisure Co TNL shares rose 3.5% today, bringing the current price to $64.88. The stock is trading within a 52-week range of $46.75 to $81.00, reflecting significant volatility over the past year.

GF Value™ verdict: Current price is 14.9% above GF Value™ of $56.48.GF Score™ of 84/100 indicates a strong position in the market.Notable signal: Momentum rank is at 10/10, suggesting strong recent price performance. Is TNL Overvalued or Undervalued? Travel+Leisure Co TNL is currently trading at $64.88, which is above its GF Value™ of $56.48, indicating that the stock is 14.9% overvalued. This overvaluation suggests that the current price does not offer a sufficient margin of safety for potential investors. The GF Valuation label indicates that TNL is "Modestly Overvalued," which raises concerns about the potential for price corrections in the future. A stock priced above its intrinsic value may face downward pressure, particularly in a fluctuating market.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Therefore, potential investors should exercise caution when considering an investment in TNL at this price point, as the risk of a decline in stock value might be significant if the company's performance does not meet expectations.

How Does TNL's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 18.2x 9.3x Forward P/E 8.7x N/A TNL's current P/E (TTM) of 18.2x is significantly above its 5-year median P/E of 9.3x, representing a 97% increase. The forward P/E of 8.7x suggests lower future earnings expectations. This P/E analysis supports the GF Value™ verdict of the stock being overvalued, as it is trading at a premium compared to its historical valuation metrics.

What Does TNL's GF Score™ Tell Us? Metric Rating GF Score™ 84/100 Financial Strength 3/10 Profitability 8/10 Growth 8/10 Valuation 6/10 Momentum 10/10 The GF Score™ of 84/100 places TNL in a strong position overall, particularly in terms of profitability and growth, both scoring 8/10. However, the financial strength score of 3/10 indicates significant weaknesses in this area, which could be a potential red flag for investors. The momentum score of 10/10 suggests that TNL has been performing well recently, but the underlying financial strength concerns may warrant caution.

What Are Insiders Doing with TNL Stock? Insider activity at Travel+Leisure Co has shown a notable trend in the past three months, with insiders buying $0.1 million worth of shares while selling $11.5 million. This pattern indicates a lack of confidence among insiders, as significant selling far outweighs the buying activity. Such a trend could imply that those with the most insight into the company may feel uncertain about the stock's future performance, which could be a concern for potential investors.

What This Means for Investors Based on the GF Value™ assessment, Travel+Leisure Co TNL is currently considered overvalued. With a market price of $64.88 versus a GF Value™ of $56.48, there are potential risks associated with investing in TNL at this time. Caution is advised as the stock may face downward pressure in the future.

For the complete analysis, visit the Travel Leisure Co TNL stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is TNL's GF Score™?

TNL has a GF Score™ of 84/100, indicating a strong overall position in the market based on various fundamental metrics.

Is TNL overvalued or undervalued?

According to the GF Value™ verdict, TNL is overvalued, trading at 14.9% above its estimated intrinsic value.

What is TNL's P/E ratio?

TNL's P/E (TTM) is 18.2x, which is significantly above its 5-year median P/E of 9.3x, suggesting that the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Travel Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced a new video series with television host and renovation expert Ty Pennington designed to give vacation club owners a behind-the-scenes look at the people, planning and investment behind the company’s resort operations. Through visits to resort properties and the company’s global headquarters, the series explores how renovations, maintenance and day-to-day operations support the owner experience — and the ongoing care and investment funded through annual maintenance fees — across Travel + Leisure Co.’s portfolio of more than 280 resorts.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260527513132/en/

Travel + Leisure Co. today announced a new video series with television host and renovation expert Ty Pennington designed to give vacation club owners a behind-the-scenes look at the people, planning and investment behind the company’s resort operations. Through visits to resort properties and the company’s global headquarters, the series explores how renovations, maintenance and day-to-day operations support the owner experience — and the ongoing care and investment funded through annual maintenance fees — across Travel + Leisure Co.’s portfolio of more than 280 resorts.

The multi-part series follows Pennington as he visits the Travel + Leisure Co. global headquarters in Orlando and multiple Club Wyndham resorts to explore the scale and complexity of maintaining the properties. From large-scale renovation projects to preventative maintenance, engineering, housekeeping, landscaping and owner programming, the series highlights the many teams and operational details that shape the resort experience.

“Maintenance fees are one of the most important — and often misunderstood — aspects of vacation club ownership,” said Kevin Maciulewicz, SVP of Resort Operations at Travel + Leisure Co. “We wanted to create educational content that felt open, engaging and easy to understand, and Ty was the perfect partner to help bring that story to life.”

The series includes footage from a major renovation project at Club Wyndham Branson at The Meadows, where Pennington follows a full-unit transformation from demolition through final reveal. An additional episode filmed at Club Wyndham Bonnet Creek focuses on the daily operational work required to manage one of the company’s largest resorts, including preventative maintenance programs, inventory management, landscaping, pool operations and guest programming.

“I’ve spent my career helping people understand what goes into creating and maintaining great spaces,” said Pennington. “What surprised me about this project was the sheer scale of what happens behind the scenes at these resorts every single day. There are hundreds of people involved in keeping these properties running smoothly, and I think owners are really going to appreciate getting an inside look at that work.”

The series reflects Travel + Leisure Co.’s continued focus on giving owners greater visibility into the expertise, investment and operational planning behind its vacation clubs and resort experiences. Episodes will be distributed through owner-facing communication channels, including newsletters, owner websites and company-owned social media platforms.

“Our owners experience the end result every time they vacation with us,” added Maciulewicz. “From consistently high guest satisfaction scores to the care and quality owners expect at our resorts, this series highlights the people, planning and long-term investment that make those experiences possible year after year.”

Episodes, which will be released weekly every Wednesday beginning on May 27, can be found on Club Wyndham’s website.

For more information about Travel + Leisure Co., please visit travelandleisureco.com.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527513132/en/

Travel Leisure Co. NYSE:TNL , a leading leisure travel company, today announced the groundbreaking of a new Sports Illustrated Resorts destination in Tuscaloosa, Alabama, marking the brand’s first ground-up development in a collegiate market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260527477186/en/

Travel + Leisure Co., a leading leisure travel company, today announced the groundbreaking of a new Sports Illustrated Resorts destination in Tuscaloosa, Alabama, marking the brand’s first ground-up development in a collegiate market.

Set along the Black Warrior River, the resort will introduce a mixed-use destination designed to serve fans and visitors year-round, bringing a game day–inspired experience beyond the stadium while supporting the continued growth of one of the country’s most recognized college sports markets.

Located approximately one mile from University of Alabama, the planned resort will provide convenient access to campus, game days, and downtown Tuscaloosa. The development will bring together residential, hospitality, and social components in a destination designed to serve both visitors and the local community year-round.

“With one of the most iconic programs in college sports and a fan base that defines game day culture, Tuscaloosa is a natural fit for Sports Illustrated Resorts,” said Geoff Richards, chief operating officer at Travel + Leisure Co. “This groundbreaking represents an important milestone as we expand into premier sports markets and create destinations where guests don’t just watch sports — they’re part of the experience.”

The resort design will draw from the University of Alabama’s athletic tradition, combining classic Southern architecture with sports-inspired design elements that reflect the region’s identity and heritage.

Expected to open in 2028, the Tuscaloosa resort will feature a six-story tower with 75 whole-ownership condominiums and a six-story tower with 86 vacation ownership units, connected by a central lobby. Owners and guests will have access to an exclusive owner's lounge with stadium-style seating for immersive watch parties, a state-of-the-art fitness center, and elevated pool deck amenities.

The development will include dynamic retail and public-facing gathering spaces, including indoor/outdoor bars, a game lounge, and a coffee bar, creating a year-round destination where fans and visitors can gather. Plans also include a broadcast booth, as well as a rooftop terrace event space.

The project is expected to generate hundreds of construction jobs and long-term employment opportunities, supporting continued economic development in the Tuscaloosa area.

The Tuscaloosa development advances the expansion of Sports Illustrated Resorts, joining announced destinations in Baton Rouge, Nashville, and Chicago. Together, these projects reflect the brand’s strategy to grow in high-demand sports and lifestyle markets while building a portfolio of immersive travel experiences rooted in sports, culture, and community.

Sports Illustrated Resorts is operated by Travel + Leisure Co. under a license from Authentic Brands Group.

To learn more about Sports Illustrated Resorts, visit www.sportsillustratedresorts.com.

Follow Sports Illustrated Resorts on Instagram.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

About Sports Illustrated

For 70 years, Sports Illustrated (SI) has been recognized for shaping modern culture at the intersection of sports, lifestyle, and entertainment. SI is a 360-degree platform that unites athletes, teams and fans worldwide through quality content, innovative digital experiences, unforgettable events, and original products. Its award-winning media arm brings powerful storytelling to life through probing profiles and up-to-date news on SI.com, across social media platforms, and through its renowned print magazine whose cover is widely regarded as the most coveted space in sports media. The most trusted name in sports transcends media through SI Tickets, a fan-first ticketing platform, Sports Illustrated Resorts, the ultimate destination for active lifestyles & sports enthusiasts, SI Studios, the brand’s home for film, TV, and long form podcasts, and more. SI brings its unique perspective to marquee events and captivating brand activations including “SI The Party”, Club SI, the Sportsperson of the Year Awards, SI Swimsuit Launch Weekend, and the SI Circuit Series.

For more information, visit SI.com.

Follow Sports Illustrated on X, Instagram, TikTok and Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527477186/en/

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today that Michael D. Brown, President and Chief Executive Officer, and Erik Hoag, Chief Financial Officer, will participate in a fireside chat session at the Morgan Stanley 4th Annual Travel & Leisure Conference on Tuesday, June 2, 2026 at 8:00 a.m. EDT.

A live audio webcast will be available in the investor relations section of the company’s website at travelandleisureco.com/investors. A replay will be available approximately 24 hours after the ending of this event.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The Company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the Company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

More News From Travel + Leisure Co.

Travel + Leisure Co. (TNL) Presents at 4th Annual Morgan Stanley Travel & Leisure Conference Transcript

Travel Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced Countdown to Kickoff, a series of soccer-themed celebrations and fan experiences taking place at select resorts across its vacation club portfolio. Tapping into the buzz surrounding the world’s biggest soccer tournament, the events will bring owners and guests together for destination highlights, fan moments, and on-property activities inspired by the global games.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260611796894/en/

Travel + Leisure Co. announced Countdown to Kickoff, a series of soccer-themed celebrations and fan experiences taking place at select resorts across its vacation club portfolio. Designed to celebrate the global spirit of the game, the activation reflects the company’s broader focus on experiential travel, bringing travelers together through shared passions for culture, entertainment, and community.

With the tournament’s first whistle sounding today, Travel + Leisure Co. is inviting vacation club owners and guests to join in the excitement through its Countdown to Kickoff special event series. Designed to celebrate the global spirit of the game, the activation reflects the company’s broader focus on experiential travel, bringing travelers together through shared passions for culture, entertainment, and community.

“We've caught the soccer fever,” said Kevin Maciulewicz, Senior Vice President of Resort Operations at Travel + Leisure Co. “We wanted to create a way for owners and guests to celebrate the energy surrounding the global tournament together. By hosting these events ahead of some of the biggest matchups, we're bringing fans together to build anticipation, share in the excitement, and create memorable moments while on vacation.”

The Countdown to Kickoff celebrations will take place at four resorts in North America:

WorldMark The Camlin in Seattle: June 18 fan celebration ahead of the United States versus Australia match WorldMark Vancouver - The Canadian: June 23 fan celebration ahead of the Canada versus Switzerland match Margaritaville Vacation Club - Atlanta: July 14 fan celebration ahead of the tournament semifinals Club Wyndham Midtown 45 in New York City: July 18 fan celebration ahead of the tournament finals Each event will feature themed activities, shareable photo moments, and soccer-inspired programming designed to capture the momentum of the global game while showcasing the unique character of each resort location. Vacation club owners and guests will also have access to custom neighborhood guides curated by resort general managers, highlighting local restaurants, attractions, and hidden gems in each destination.

“With more than 280 resorts across our portfolio, we have a unique opportunity to create experiences that extend beyond the resort stay,” added Maciulewicz. “These celebrations bring owners and guests together around a shared passion while creating a sense of community that makes travel even more meaningful.”

Follow along on Instagram for Countdown to Kickoff event highlights, fan moments, and behind-the-scenes content through the Club Wyndam (@ClubWyndham), WorldMark (@WorldMarkbyWyndham), and Margaritaville Vacation Club (@MargaritavilleVC) channels.

For more information about Travel + Leisure Co. and its vacation club brands, please visit travelandleisureco.com.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260611796894/en/

LONDON, May 20, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved a regular quarterly cash dividend of $0.96 per common share for the quarter ended March 31, 2026. The dividend is payable on or about July 15, 2026 to shareholders of record at the close of business on June 30, 2026.

NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced three leadership appointments in FINEX North America designed to strengthen its cyber strategy, deepen client engagement and support continued growth across the region. Annice Ma has been appointed Head of Cyber for FINEX North America.

LONDON, June 01, 2026 (GLOBE NEWSWIRE) -- 59% of directors and officers now consider geopolitical risks to be very important or extremely important to their organisation, according to the latest Directors and officers liability insurance survey by Willis, a WTW business, (NASDAQ:WTW), conducted in collaboration with international law firm, Reed Smith LLP. Geopolitical risks in particular has hit the top 7 global risks for directors and officers in a marked change from last year where it was only ranked 15th (out of 30 risks canvassed).

LONDON, June 02, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ:WTW), a leading global advisory, broking and solutions company has today announced its acquisition of Redefind, an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets.

This investment reflects WTW’s long-term strategy to expand into next-generation protection solutions for clients exposed to digital finance, crypto ecosystems and tokenised asset environments.

The proposition launches as a non-custodial, cost-of-recovery insurance solution, intended to support digital asset owners in the event of theft or loss. Coverage is designed to support expenses associated with forensic investigation, asset tracing, and legal recovery of stolen digital assets.

As part of the acquisition, Redefind’s founders, Richard Daws and Connor Edward joined Willis upon completion of the transaction.

The service will initially launch in the UK, with broader market and product expansion planned as capabilities continue to evolve.

Alastair Swift, head of global specialities at Willis said: “As digital assets continue to move further into the mainstream, demand for credible regulated protection solutions is increasing. Through this investment, WTW is taking a leading position to shape the future of risk transfer and protection in the digital economy.

“We are committed to supporting clients in navigating emerging financial and technology risks and to delivering trusted, regulated solutions backed by our global insurance expertise.”

Anthony Borgman, head of GB Affinity at Willis said: “We are delighted to have acquired Redefind and welcome its founders to WTW. Under Richard’s stewardship the business will continue to evolve with support from WTW’s Affinity practice and for wider distribution.

“This marks an important milestone in WTW’s broader digital strategy, providing a foundation to expand our capabilities in digital asset protection and crypto insurance.”

About Redefind

Redefind is a proprietary, end-to-end crypto insurance platform enabling individuals and institutions to purchase cryptocurrency and digital asset insurance across all forms of custody. Its enterprise-grade web application uses cryptographic proof of ownership to make previously uninsurable digital assets insurable.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Media contact
Lauren David
[email protected] / +44 7385 947619

Willis Towers Watson remains a 'buy' despite a 20% share price decline and persistent AI disintermediation fears. WTW's bespoke insurance broking and consulting model is less vulnerable to rapid AI disruption than commoditized segments; AI also enhances internal productivity. Q1 results showed muted 3% organic growth, but 19% EPS growth and expanding margins, supported by buybacks and cost efficiency.

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the launch of Capacity Revenue Protection, an innovative solution designed to help PJM energy producers safeguard revenue when physical damage leads to UCAP (Accredited Unforced Capacity) reductions and prolonged capacity payment impacts. As this region continues to serve more than 65 million customers across the region and evolve its capacity market, this new offering provides a proactive way to stabilize revenue during uncertain moments such as extended recovery and recertification periods.

LONDON, June 08, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the expansion of its international property facility, now able to offer up to USD 60 million of follow capacity per placement. The facility’s expanded lead panel of Lloyd’s syndicates is able to quote competitively across a range of primary and excess layers.

The automatic follow capacity, which is supported by Willis’ algorithmic digital platform Neuron, has also expanded with new markets. The territories are specifically focused internationally, covering Europe, Asia, Australia, New Zealand, South Africa, Latin America, the Caribbean and Canada, with appetite for risks such as airports, leisure and hospitality, industrial sites, infrastructure, manufacturing, retail, tech and transportation.

Edward Day, head of international property, Willis direct and facultative, said: “Since launching the facility in 2024, we’ve seen strong, positive engagement from the market. Our clients benefit from a streamlined placement approach, powered by our algorithmic digital trading platform Neuron, that’s particularly useful for creating competitive alternative options or completing placements and filling gaps in layered programmes. We’ve now expanded the facility, increasing its capacity, allowing for competitive quotes and ensuring harmonised terms and conditions. This enhanced international property facility allows clients to get the coverage they need more quickly and efficiently, at the most competitive terms available.” 

About WTW 
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. 

Media contact

Jo Barrett
[email protected] / + 44 7940 703911

Lauren David
[email protected] / +44 7385 947619

Willis Towers drive growth through specialty insurance, AI investments and acquisitions, while focusing on margin expansion.

New solution delivers automatic coverage for wood frame projects across all 50 states and Washington, D.C. New solution delivers automatic coverage for wood frame projects across all 50 states and Washington, D.C.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of OneMain Holdings, Inc. (“OneMain” or the “Company”) (NYSE: OMF) investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ONEMAIN HOLDINGS, INC. (OMF), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.Contact the Law Offices of Howard G. Smith to discuss your legal rights by e.

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of OneMain Holdings, Inc. (“OneMain” or the “Company”) (NYSE: OMF) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON ONEMAIN HOLDINGS, INC. (OMF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On March 16, 2026, Washing.

Bragar Eagel & Squire, P.C.  Litigation Partner  Brandon Walker  Encourages Investors Who Suffered Losses In OneMain (OMF) To Contact Him Directly To Discuss Their Options

OneMain (OMF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1Q 2026 Diluted EPS of $1.93 1Q 2026 C&I adjusted diluted EPS of $1.95 1Q 2026 Managed receivables of $26.1 billion Declared quarterly dividend of $1.05 per share , /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, today reported pretax income of $296 million and net income of $226 million for the first quarter of 2026, compared to $275 million and $213 million, respectively, in the prior year quarter. Earnings per diluted share were $1.93 in the first quarter of 2026, compared to $1.78 in the prior year quarter.

On May 1, 2026, OneMain declared a quarterly dividend of $1.05 per share, payable on May 15, 2026, to record holders of the Company's common stock as of the close of business on May 11, 2026.

During the quarter, the Company repurchased approximately 1.9 million shares of common stock for $105 million.

"We delivered a very good start to 2026, executing on our growth initiatives while maintaining our disciplined credit approach and balance sheet management," said Doug Shulman, Chairman and CEO of OneMain. "As we execute across our core loan business and newer products, we are driving revenue growth with good credit performance, reinforcing our ability to generate sustainable, attractive returns for shareholders."

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 adjusted pretax income was $305 million and adjusted net income was $229 million for the first quarter of 2026, compared to $275 million and $207 million, respectively, in the prior year quarter. Adjusted earnings per diluted share were $1.95 for the first quarter of 2026, compared to $1.72 in the prior year quarter.

Management runs the business based on capital generation, which it defines as C&I adjusted net income excluding the after-tax change in C&I allowance for finance receivable losses while still considering the current period C&I net charge-offs. Capital generation was $194 million for the first quarter of 2026, comparable to the prior year quarter.

Managed receivables, which includes loans serviced for our whole loan sale partners and auto finance loans originated by third parties, were $26.1 billion at March 31, 2026, up 6% from $24.6 billion at March 31, 2025.

Consumer loan originations totaled $3.1 billion in the first quarter of 2026, up 3% from $3.0 billion in the prior year quarter.

Total revenue, comprising interest income and total other revenue, was $1.6 billion in the first quarter of 2026, up 6% from $1.5 billion in the prior year quarter. Interest income in the first quarter of 2026 was $1.4 billion, up 6% from $1.3 billion in the prior year quarter. The increase was driven by receivables growth.

Interest expense was $322 million in the first quarter of 2026, up 4% from $311 million in the prior year quarter, due to an increase in average debt to support our receivables growth.

The provision for finance receivable losses was $465 million in the first quarter of 2026, up $9 million compared to the prior year period. During the first quarter of 2026, the allowance for finance receivable losses decreased $47 million driven by a seasonal decline in receivables.

C&I Select Delinquency and Loss Ratios

March 31, 2026

December 31, 2025

March 31, 2025

Consumer loans:

30+ days delinquency ratio

5.37 %

5.85 %

5.16 %

90+ days delinquency ratio

2.53 %

2.49 %

2.38 %

30-89 days delinquency ratio

2.84 %

3.36 %

2.77 %

Net charge-offs

8.02 %

7.56 %

7.83 %

Operating expense for the first quarter of 2026 was $437 million, up 9% from $401 million in the prior year quarter reflecting receivable growth and strategic investments in the business.

Funding and Liquidity

As of March 31, 2026, the Company had principal debt balances outstanding of $22.7 billion, 51% of which was secured. The Company had $834 million of cash and cash equivalents, which included $155 million of cash and cash equivalents held at regulated insurance subsidiaries or for other operating activities that are unavailable for general corporate purposes.

Cash and cash equivalents, together with the Company's $1.1 billion of undrawn committed capacity from an unsecured corporate revolver, $6.4 billion of undrawn committed capacity under revolving conduit facilities and credit card variable funding note facilities, and $11.4 billion of unencumbered receivables, provides significant liquidity resources.

Conference Call & Webcast Information

OneMain management will host a conference call and webcast to discuss the Company's results, outlook, and related matters at 9:00 am Eastern Time on Friday, May 1, 2026. Both the call and webcast are open to the general public. The general public is invited to listen to the call by dialing 800-420-1271 (U.S. domestic) or 785-424-1634 (international), and using conference ID 31259, or via a live audio webcast through OneMain's investor relations website at http://investor.onemainfinancial.com. For those unable to listen to the live broadcast, a replay will be available on the website after the event. An investor presentation will be available on the OneMain's investor relations website prior to the start of the conference call.

About OneMain Holdings, Inc.

OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today's problems and reach a better financial future through personalized solutions across 48 states, available online and in more than 1,300 locations. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit www.OneMainFinancial.com. 

Use of Non-GAAP Financial Measures

We report the operating results of Consumer and Insurance using the Segment Accounting Basis, which (i) reflects our allocation methodologies for interest expense and operating costs, 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), and Consumer and Insurance adjusted earnings (loss) per diluted share are key performance measures used to evaluate the performance of our business. Consumer and Insurance adjusted pretax income (loss) represents income (loss) before income taxes on a Segment Accounting Basis and excludes net loss resulting from repurchases and repayments of debt, restructuring charges, and other items and strategic activities. We believe these non-GAAP financial measures are useful in assessing the profitability of our segment.

We also use pretax capital generation and capital generation, non-GAAP financial measures, as a key performance measure of our segment. Pretax capital generation represents Consumer and Insurance adjusted pretax income, as discussed above, and excludes the change in our Consumer and Insurance allowance for finance receivable losses in the period while still considering the Consumer and Insurance net charge-offs incurred during the period. Capital generation represents the after-tax effect of pretax capital generation. We believe that these non-GAAP measures are useful in assessing the capital created in the period impacting the overall capital adequacy of the Company. We believe that the Company's reserves, combined with its equity, represent the Company's loss absorption capacity. 

We utilize these non-GAAP measures in evaluating our performance. Additionally, these non-GAAP measures are consistent with the performance goals established in OMH's executive compensation program. 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.

This document contains summarized information concerning the Company and its business, operations, financial performance and trends. No representation is made that the information in this document is complete. For additional financial, statistical and business related information see the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC"), as well as the Company's other reports filed with the SEC from time to time, which are or will be available in the Investor Relations section of the OneMain Financial website (www.omf.com) and the SEC's website (www.sec.gov).

Cautionary Note Regarding Forward-Looking Statements

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by or that otherwise include the words "anticipates," "appears," "assumes," "believes," "can," "continues," "could," "estimates," "expects," "forecasts," "foresees," "goal," "intends," "likely," "objective," "plans," "projects," "target," "trend," "remains," and similar expressions or future or conditional verbs such as "could," "may," "might," "should," "will" or "would" are intended to identify forward-looking statements, but these words are not the exclusive means of identifying forward-looking statements.

Forward-looking statements are not statements of historical fact but instead represent only management's current beliefs regarding future events, objectives, goals, projections, strategies, performance, and future plans, and underlying assumptions and other statements related thereto. You should not place undue reliance on these forward-looking statements. 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. 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 and volatility in general economic conditions, including the interest rate environment and the financial markets; the sufficiency of our allowance for finance receivable losses; increased levels of unemployment and personal bankruptcies; the current inflationary environment and related trends affecting our customers; natural or accidental events such as earthquakes, hurricanes, pandemics, floods or wildfires affecting our customers, collateral, or our facilities; a failure in or breach of our information, operational or security systems or infrastructure or those of third parties, including as a result of cyber incidents, war or other disruptions; the adequacy of our credit risk scoring models; geopolitical risks, including recent geopolitical actions; adverse changes in our ability to attract and retain employees or key executives; increased competition or adverse changes in customer responsiveness to our distribution channels or products; changes in federal, state, or local laws, regulations, or regulatory policies and practices or increased regulatory scrutiny of our business or industry; risks associated with our insurance operations; the costs and effects of any actual or alleged violations of any federal, state, or local laws, rules or regulations; 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; our substantial indebtedness and 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 all of our covenants; the effects of any downgrade of our debt ratings by credit rating agencies; 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 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 document that could cause actual results to differ before making an investment decision to purchase our securities. 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.

Forward looking statements included in this document speak only as of the date on which they were made. We undertake no obligation to update or revise any forward-looking statements, whether written or oral, to reflect events or circumstances after the date of this document 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.

OneMain Holdings, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Quarter Ended

Fiscal Year

(unaudited, $ in millions, except per share amounts)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Interest income

$     1,387

$     1,416

$     1,392

$     1,339

$     1,308

$     5,455

$     4,993

Interest expense

(322)

(323)

(320)

(317)

(312)

(1,272)

(1,185)

Net interest income

1,065

1,093

1,072

1,022

996

4,183

3,808

Provision for finance receivable losses

(465)

(542)

(488)

(511)

(456)

(1,997)

(2,040)

Net interest income after provision for finance receivable losses

600

551

584

511

540

2,186

1,768

Insurance

112

113

112

111

110

445

445

Investment

23

22

26

24

26

98

108

Gain on sales of finance receivables

16

14

17

17

16

64

23

Net loss on repurchases and repayments of debt

(3)

(1)

(39)

(21)

(5)

(67)

(34)

Other

49

45

47

45

41

180

153

Total other revenues

197

193

163

176

188

720

695

Operating expenses

(449)

(447)

(436)

(419)

(404)

(1,707)

(1,607)

Insurance policy benefits and claims

(52)

(48)

(48)

(54)

(49)

(198)

(189)

Total other expenses

(501)

(495)

(484)

(473)

(453)

(1,905)

(1,796)

Income before income taxes

296

249

263

214

275

1,001

667

Income taxes

(70)

(45)

(64)

(47)

(62)

(218)

(158)

Net income

$       226

$       204

$       199

$       167

$       213

$       783

$       509

Weighted average number of diluted shares

117.3

118.3

119.4

119.4

120.0

119.3

120.1

Diluted EPS

$      1.93

$      1.72

$      1.67

$      1.40

$      1.78

$      6.56

$      4.24

Book value per basic share

$     29.21

$     29.01

$     28.53

$     27.99

$     27.50

$     29.01

$     26.74

Return on assets

3.4 %

3.0 %

3.0 %

2.5 %

3.3 %

2.9 %

2.0 %

Change in allowance for finance receivable losses

$        46

$      (50)

$      (61)

$      (66)

$        17

$     (160)

$     (194)

Net charge-offs

(511)

(492)

(427)

(445)

(473)

(1,837)

(1,846)

Provision for finance receivable losses

$     (465)

$     (542)

$     (488)

$     (511)

$     (456)

$   (1,997)

$   (2,040)

Note:

Quarters may not sum to fiscal year due to rounding.

OneMain Holdings, Inc.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of

(unaudited, $ in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

Assets

Cash and cash equivalents

$       834

$       914

$       658

$       769

$       627

Investment securities

1,614

1,590

1,657

1,683

1,670

Net finance receivables

24,447

24,833

24,465

23,870

23,328

Unearned insurance premium and claim reserves

(771)

(791)

(783)

(764)

(747)

Allowance for finance receivable losses

(2,819)

(2,865)

(2,815)

(2,754)

(2,688)

Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance
receivable losses

20,857

21,177

20,867

20,352

19,893

Restricted cash and restricted cash equivalents

728

699

748

742

736

Goodwill

1,474

1,474

1,474

1,474

1,474

Other intangible assets

281

282

284

285

285

Other assets

1,230

1,252

1,297

1,323

1,344

Total assets

$    27,018

$    27,388

$    26,985

$    26,628

$    26,029

Liabilities and Shareholders' Equity

Long-term debt

$    22,396

$    22,694

$    22,338

$    22,053

$    21,494

Insurance claims and policyholder liabilities

566

576

578

579

567

Deferred and accrued taxes

55

35

42

18

19

Other liabilities

624

682

649

652

669

Total liabilities

23,641

23,987

23,607

23,302

22,749

Common stock

1

1

1

1

1

Additional paid-in capital

1,750

1,757

1,750

1,745

1,734

Accumulated other comprehensive loss

(53)

(41)

(47)

(51)

(65)

Retained earnings

2,680

2,579

2,500

2,425

2,384

Treasury stock

(1,001)

(895)

(826)

(794)

(774)

Total shareholders' equity

3,377

3,401

3,378

3,326

3,280

Total liabilities and shareholders' equity

$    27,018

$    27,388

$    26,985

$    26,628

$    26,029

OneMain Holdings, Inc.

CONSOLIDATED KEY FINANCIAL METRICS (UNAUDITED)

As of

(unaudited, $ in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

Liquidity

Cash and cash equivalents

$       834

$       914

$       658

$       769

$       627

Cash and cash equivalents unavailable for general corporate purposes

155

176

251

185

139

Unencumbered receivables

11,409

11,837

10,867

9,709

10,163

Undrawn conduit facilities

5,874

5,999

5,999

5,999

5,999

Undrawn corporate revolver

1,100

1,075

1,075

1,125

1,125

Private secured term funding available

—

—

—

—

725

Undrawn credit card revolving variable funding note facilities

500

400

400

400

400

Drawn conduit facilities

1

1

1

1

1

Net adjusted debt

$    21,545

$    21,783

$    21,758

$    21,297

$    20,833

Total Shareholders' equity

$     3,377

$     3,401

$     3,378

$     3,326

$     3,280

Accumulated other comprehensive loss

53

41

47

51

65

Goodwill

(1,474)

(1,474)

(1,474)

(1,474)

(1,474)

Other intangible assets

(281)

(282)

(284)

(285)

(285)

Junior subordinated debt

173

173

172

172

172

Adjusted tangible common equity

1,848

1,859

1,839

1,790

1,758

Allowance for finance receivable losses, net of tax *

2,114

2,149

2,111

2,065

2,016

Adjusted capital

$     3,962

$     4,008

$     3,950

$     3,855

$     3,774

Net leverage (net adjusted debt to adjusted capital)

5.4x

5.4x

5.5x

5.5x

5.5x

*

Income taxes assume a 25% tax rate.

OneMain Holdings, Inc.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)

Quarter Ended

Fiscal Year

(unaudited, $ in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Consumer & Insurance

$       293

$       247

$       261

$       211

$       270

$       988

$       707

Other

—

—

(2)

(1)

1

(4)

(1)

Segment to GAAP adjustment

3

2

4

4

4

17

(39)

Income before income taxes - GAAP basis

$       296

$       249

$       263

$       214

$       275

$     1,001

$       667

Consumer & Insurance pretax income

$       293

$       247

$       261

$       211

$       270

$       988

$       707

Net loss on repurchases and repayments of debt

3

—

39

20

5

65

33

Restructuring charges

7

1

2

—

—

4

29

Other (1)

2

2

1

—

—

— %

3

13

Consumer & Insurance adjusted pretax income (non-GAAP)

$       305

$       250

$       303

$       231

$       275

$     1,060

$       782

Reconciling items (2)

$        (9)

$        (1)

$      (38)

$      (16)

$        (1)

$      (55)

$     (114)

Consumer & Insurance

$    24,463

$    24,853

$    24,490

$    23,901

$    23,365

$    24,853

$    23,598

Segment to GAAP adjustment

(16)

(20)

(25)

(31)

(37)

(20)

(44)

Net finance receivables - GAAP basis

$    24,447

$    24,833

$    24,465

$    23,870

$    23,328

$    24,833

$    23,554

Consumer & Insurance

$     2,821

$     2,868

$     2,818

$     2,758

$     2,693

$     2,868

$     2,710

Segment to GAAP adjustment

(2)

(3)

(3)

(4)

(5)

(3)

(5)

Allowance for finance receivable losses - GAAP basis

$     2,819

$     2,865

$     2,815

$     2,754

$     2,688

$     2,865

$     2,705

Note:

Quarters may not sum to fiscal year due to rounding.

(1)

Includes strategic activities and other items.

(2)

Reconciling items consist of Segment to GAAP adjustment and the adjustments to Pretax income – segment accounting basis for C&I and Other. The adjustments to Other adjusted pretax income (loss) are not disclosed in the table above due to immateriality.

OneMain Holdings, Inc.

CONSUMER & INSURANCE SEGMENT (UNAUDITED) (Non-GAAP)

Quarter Ended

Fiscal Year

(unaudited, in millions, except per share amounts)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Interest income

$     1,383

$     1,411

$     1,386

$     1,333

$     1,301

$     5,432

$     4,965

Interest expense

(322)

(323)

(320)

(317)

(311)

(1,270)

(1,181)

Net interest income

1,061

1,088

1,066

1,016

990

4,162

3,784

Provision for finance receivable losses

(465)

(542)

(488)

(511)

(456)

(1,999)

(1,981)

Net interest income after provision for finance receivable losses

596

546

578

505

534

2,163

1,803

Insurance

112

113

112

111

110

445

445

Investment

23

22

26

24

26

98

108

Gain on sales of finance receivables

16

14

17

17

16

64

23

Other

47

46

45

43

39

175

146

Total other revenues

198

195

200

195

191

782

722

Operating expenses

(437)

(443)

(427)

(415)

(401)

(1,687)

(1,554)

Insurance policy benefits and claims

(52)

(48)

(48)

(54)

(49)

(198)

(189)

Total other expenses

(489)

(491)

(475)

(469)

(450)

(1,885)

(1,743)

Adjusted pretax income (non-GAAP)

305

250

303

231

275

1,060

782

Income taxes *

(76)

(62)

(76)

(58)

(68)

(265)

(195)

Adjusted net income (non-GAAP)

$       229

$       188

$       227

$       173

$       207

$       795

$       587

Weighted average number of diluted shares

117.3

118.3

119.4

119.4

120.0

119.3

120.1

C&I adjusted diluted EPS

$      1.95

$      1.59

$      1.90

$      1.45

$      1.72

$      6.66

$      4.89

Note:

Quarters may not sum to fiscal year due to rounding.

*

Income taxes assume a 25% tax rate.

OneMain Holdings, Inc.

CONSUMER & INSURANCE SEGMENT METRICS (UNAUDITED)

Quarter Ended

Fiscal Year

(unaudited, $ in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Net finance receivables - personal loans

$    20,918

$    21,430

$    21,225

$    20,814

$    20,469

$    21,430

$    20,833

Net finance receivables - auto finance

2,562

2,487

2,431

2,335

2,220

2,487

2,122

Net finance receivables - consumer loans

23,480

23,917

23,656

23,149

22,689

23,917

22,955

Net finance receivables - credit cards

983

936

834

752

676

936

643

Net finance receivables

$    24,463

$    24,853

$    24,490

$    23,901

$    23,365

$    24,853

$    23,598

Allowance for finance receivable losses

$     2,821

$     2,868

$     2,818

$     2,758

$     2,693

$     2,868

$     2,710

Allowance ratio

11.53 %

11.54 %

11.51 %

11.54 %

11.52 %

11.54 %

11.48 %

Net finance receivables

24,463

24,853

24,490

23,901

23,365

24,853

23,598

Finance receivables serviced for our whole loan sale partners

1,588

1,458

1,395

1,316

1,232

1,458

1,141

Managed receivables

$    26,051

$    26,311

$    25,885

$    25,217

$    24,597

$    26,311

$    24,739

Average net finance receivables - personal loans

$    21,168

$    21,404

$    21,045

$    20,637

$    20,660

$    20,937

$    20,301

Average net finance receivables - auto finance

2,515

2,462

2,390

2,278

2,166

2,324

1,662

Average net finance receivables - consumer loans

23,683

23,866

23,435

22,915

22,826

23,261

21,963

Average net finance receivables - credit cards

962

879

803

719

668

767

477

Average net receivables

24,645

24,745

24,238

23,634

23,494

24,028

22,440

Average receivables serviced for our whole loan sale partners

1,540

1,434

1,366

1,285

1,196

1,320

1,113

Average managed receivables

$    26,185

$    26,179

$    25,604

$    24,919

$    24,690

$    25,348

$    23,553

Note:

Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Amounts may not sum due to rounding.

OneMain Holdings, Inc.

CONSUMER & INSURANCE KEY METRICS (UNAUDITED) (Non-GAAP)

Quarter Ended

Fiscal Year

(unaudited, in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Adjusted pretax income (non-GAAP)

$       305

$       250

$       303

$       231

$       275

$    1,060

$      782

Provision for finance receivable losses

465

542

488

511

456

1,999

1,981

Net charge-offs

(512)

(492)

(428)

(446)

(473)

(1,841)

(1,849)

Change in C&I allowance for finance receivable losses (non-GAAP)

(47)

50

60

65

(17)

158

132

Pretax capital generation (non-GAAP)

258

300

363

296

258

1,218

914

Capital generation, net of tax* (non-GAAP)

$       194

$       225

$       272

$       222

$       194

$       913

$       685

C&I average net receivables

$  24,645

$  24,745

$  24,238

$  23,634

$  23,494

$  24,028

$  22,440

Capital generation return on receivables  (non-GAAP)

3.2 %

3.6 %

4.5 %

3.8 %

3.3 %

3.8 %

3.1 %

Note:

Consumer & Insurance financial information is presented on an adjusted Segment Accounting Basis. Amounts may not sum to fiscal year due to rounding.

*

Income taxes assume a 25% rate.

OneMain Holdings, Inc.

CONSUMER & INSURANCE CONSUMER LOANS METRICS (UNAUDITED)

Quarter Ended

Fiscal Year

(unaudited, $ in millions)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

2025

2024

Gross charge-offs

$       567

$       540

$       480

$       496

$       525

$     2,043

$     2,080

Recoveries

(98)

(86)

(86)

(85)

(85)

(342)

(307)

Net charge-offs

$       469

$       454

$       394

$       411

$       440

$     1,701

$     1,773

Gross charge-off ratio

9.70 %

8.98 %

8.13 %

8.68 %

9.34 %

8.78 %

9.34 %

Recovery ratio

(1.68 %)

(1.42 %)

(1.45 %)

(1.49 %)

(1.52 %)

(1.47 %)

(1.39 %)

Net charge-off ratio

8.02 %

7.56 %

6.67 %

7.19 %

7.83 %

7.31 %

7.94 %

Average net receivables

$    23,683

$    23,866

$    23,435

$    22,915

$    22,826

$    23,261

$    21,963

Yield

22.5 %

22.5 %

22.6 %

22.6 %

22.4 %

22.5 %

22.1 %

Origination volume

$      3,104

$      3,609

$      3,889

$      3,907

$      3,022

$    14,427

$    13,321

30+ delinquency

$      1,260

$      1,399

$      1,312

$      1,197

$      1,170

$      1,399

$      1,322

90+ delinquency

$         594

$         596

$         556

$         491

$         540

$         596

$         579

30-89 delinquency

$         666

$         803

$         756

$         706

$         630

$         803

$         743

30+ delinquency ratio

5.37 %

5.85 %

5.55 %

5.17 %

5.16 %

5.85 %

5.76 %

90+ delinquency ratio

2.53 %

2.49 %

2.35 %

2.12 %

2.38 %

2.49 %

2.52 %

30-89 delinquency ratio

2.84 %

3.36 %

3.20 %

3.05 %

2.77 %

3.36 %

3.24 %

Note:

Consumer & Insurance financial information is presented on a Segment Accounting Basis. Delinquency ratios are calculated as a percentage of C&I consumer loan net finance receivables. Amounts may not sum due to rounding.

Defined Terms

Adjusted capital: adjusted tangible common equity + allowance for finance receivable losses (ALLL), net of tax Adjusted tangible common equity (TCE): total shareholders' equity – accumulated other comprehensive loss – goodwill – other intangible assets + junior subordinated debt Auto finance: financing at the point of purchase through a network of auto dealerships Available cash and cash equivalents: cash and cash equivalents – cash and cash equivalents held at our regulated insurance subsidiaries or is unavailable for general corporate purposes Average assets: average of monthly average assets (assets at the beginning and end of each month divided by two) in the period Average managed receivables: C&I average net receivables + average receivables serviced for our whole loan sale partners C&I adjusted diluted EPS: C&I adjusted net income (non-GAAP) /  weighted average diluted  shares Capital generation: C&I adjusted net income – change in C&I allowance for finance receivable losses, net of tax Capital generation return on receivables*:  annualized capital generation / C&I average net receivables Consumer loans: personal loans and auto finance Finance receivables serviced for our whole loan sale partners: unpaid principal balance plus accrued interest of loans sold as part of our whole loan sale program Gross charge-off ratio*: annualized gross charge-offs / average net receivables Managed receivables: C&I net finance receivables + finance receivables serviced for our whole loan sale partners + auto finance loans originated by third parties Net adjusted debt: long-term debt – junior subordinated debt – available cash and cash equivalents Net charge-off ratio*: annualized net charge-offs / average net receivables Net leverage: net adjusted debt / adjusted capital Opex ratio: annualized C&I operating expenses / average managed receivables Origination volume: loans originated during the period, including those originated and sold to our whole loan sale partners that we continue to service Other net revenue: other revenues – insurance policy benefits and claims expense Personal loans: loans secured by automobiles, other collateral or are unsecured and offered through our branch network, central operations, or digital platform Pretax capital generation: C&I pretax adjusted net income – change in C&I allowance for finance receivable losses Purchase volume: credit card purchase transactions + cash advances – returns Return on assets (ROA): annualized net income / average total assets Return on receivables (C&I ROR): annualized C&I adjusted net income / C&I average net receivables Total revenue: C&I interest income + C&I total other revenue Unencumbered receivables: unencumbered unpaid principal balance of consumer loans and credit cards. For precompute personal loans, unpaid principal balance is the gross contractual payments less the unaccreted balance of unearned finance charges. Credit card receivables include those in the trust that exceed the minimum for securing advances under credit card variable funding note facilities, which the Company can remove from the trust under the terms of such facilities, and exclude interest, fees, and closed accounts with balances *

Fiscal year 2024 adjusted for policy alignment associated with the Foursight acquisition.

OneMain Holdings, Inc.

Investor Contact:
Peter R. Poillon, 212-359-2432
[email protected]

Media Contact:
Howard Schloss, 202-236-5296
[email protected]

SOURCE OneMain Holdings, Inc.

For the quarter ended March 2026, OneMain Holdings (OMF - Free Report) reported revenue of $1.07 billion, up 6.9% over the same period last year. EPS came in at $1.95, compared to $1.72 in the year-ago quarter.

The reported revenue represents a surprise of -0.58% over the Zacks Consensus Estimate of $1.07 billion. With the consensus EPS estimate being $1.92, the EPS surprise was +1.75%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how OneMain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net charge-off ratio (Consumer and Insurance Segment): 8% versus the two-analyst average estimate of 8%.Net Interest Income: $1.07 billion versus $1.07 billion estimated by three analysts on average.Other income: $49 million versus the three-analyst average estimate of $62.39 million.Investment: $23 million versus the three-analyst average estimate of $25.24 million.Net interest income after provision for finance receivable losses: $600 million versus the three-analyst average estimate of $585.65 million.Total other revenues: $197 million compared to the $200.41 million average estimate based on three analysts.Insurance: $112 million compared to the $112.78 million average estimate based on three analysts.View all Key Company Metrics for OneMain here>>>

Shares of OneMain have returned +8.7% over the past month versus the Zacks S&P 500 composite's +10.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Accelerates Transition to SHOP-Dominant Overall Portfolio and Strengthens Balance Sheet Accelerates Transition to SHOP-Dominant Overall Portfolio and Strengthens Balance Sheet