At June 30, 2026, Consumer and Insurance (“C&I”) is our only reportable segment. The remaining components (which we refer to as “Other”) consist of our liquidating SpringCastle Portfolio servicing activity and our non-originating legacy operations, which primarily include our liquidating real estate loans.
The accounting policies of the C&I segment are the same as those disclosed in Note 2 and Note 18 of the Notes to the Consolidated Financial Statements in Part II - Item 8 included in our Annual Report.
We have identified the following significant segment expenses: Interest expense, Provision for finance receivable losses, Salaries and benefits expense, Other operating expenses, and Insurance policy benefits and claims expense. Based on our identified significant segment expenses, there are no other segment items.
Our chief operating decision maker (“CODM”) is our Chief Executive Officer (“CEO”). The CODM uses Income (loss) before income tax expense (benefit) to assess the performance of the C&I segment, allocate resources, and make strategic operating decisions. The following tables present information about C&I and Other, as well as reconciliations to the condensed consolidated financial statement amounts. | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Consumer
and
Insurance | | Other | | Segment to
GAAP
Adjustment | | Consolidated
Total | | | | | | | | | | | Three Months Ended June 30, 2026 | | | | | | | | | | Interest income | | $ | 1,413 | | | $ | 1 | | | $ | 3 | | | $ | 1,417 | | | Interest expense | | 326 | | | — | | | — | | | 326 | | Provision for finance receivable losses | | 610 | | | — | | | — | | | 610 | | Net interest income after provision for finance receivable losses | | 477 | | | 1 | | | 3 | | | 481 | | | Other revenues | | 206 | | | 1 | | | — | | | 207 | | Salaries and benefits | | 242 | | | 1 | | | — | | | 243 | | Other operating expenses | | 203 | | | 2 | | | — | | | 205 | | Insurance policy benefits and claims | | 44 | | | — | | | — | | | 44 | | Income (loss) before income tax expense | | $ | 194 | | | $ | (1) | | | $ | 3 | | | $ | 196 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | | | | Interest income | | $ | 1,333 | | | $ | 1 | | | $ | 5 | | | $ | 1,339 | | | Interest expense | | 317 | | | — | | | — | | | 317 | | Provision for finance receivable losses | | 511 | | | — | | | — | | | 511 | | Net interest income after provision for finance receivable losses | | 505 | | | 1 | | | 5 | | | 511 | | | Other revenues | | 175 | | | 2 | | | (1) | | | 176 | | Salaries and benefits | | 229 | | | 1 | | | — | | | 230 | | Other operating expenses | | 186 | | | 3 | | | — | | | 189 | | Insurance policy benefits and claims | | 54 | | | — | | | — | | | 54 | | Income (loss) before income tax expense | | $ | 211 | | | $ | (1) | | | $ | 4 | | | $ | 214 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | | | Interest income | | $ | 2,796 | | | $ | 2 | | | $ | 6 | | | $ | 2,804 | | | Interest expense | | 648 | | | 1 | | | — | | | 649 | | Provision for finance receivable losses | | 1,075 | | | — | | | (1) | | | 1,074 | | Net interest income after provision for finance receivable losses | | 1,073 | | | 1 | | | 7 | | | 1,081 | | | Other revenues | | 401 | | | 3 | | | — | | | 404 | | Salaries and benefits | | 481 | | | 2 | | | — | | | 483 | | Other operating expenses | | 410 | | | 3 | | | 1 | | | 414 | | Insurance policy benefits and claims | | 96 | | | — | | | — | | | 96 | | Income (loss) before income tax expense | | $ | 487 | | | $ | (1) | | | $ | 6 | | | $ | 492 | | | | | | | | | | | | Assets | | $ | 26,274 | | | $ | 5 | | | $ | 1,145 | | | $ | 27,424 | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | | Interest income | | $ | 2,635 | | | $ | 1 | | | $ | 12 | | | $ | 2,648 | | | Interest expense | | 628 | | | — | | | 1 | | | 629 | | Provision for finance receivable losses | | 967 | | | — | | | — | | | 967 | | Net interest income after provision for finance receivable losses | | 1,040 | | | 1 | | | 11 | | | 1,052 | | | Other revenues | | 361 | | | 4 | | | (1) | | | 364 | | Salaries and benefits | | 446 | | | 2 | | | — | | | 448 | | Other operating expenses | | 371 | | | 4 | | | 1 | | | 376 | | Insurance policy benefits and claims | | 103 | | | — | | | — | | | 103 | | Income (loss) before income tax expense | | $ | 481 | | | $ | (1) | | | $ | 9 | | | $ | 489 | | | | | | | | | | | | Assets | | $ | 25,485 | | | $ | 10 | | | $ | 1,133 | | | $ | 26,628 | |
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