Investor Presentaiton
Insurance
•
3Q 2023 Preliminary Results
Insurance pre-tax loss of $16 million and core pre-tax
income of $30 million (1)
$324 million of earned premiums, representing highest quarter
since 2009
Insurance losses of $107 million, up $37 million YoY driven by
higher weather losses, GAP losses, and portfolio growth
including higher insured inventory values
Written premiums of $335 million, up 15% YoY
-
Continued success in expanding all-in dealer value proposition
by deepening relationships through comprehensive suite of
combined Ally offerings
P&C premiums increasing from growing inventory and other
dealer products
F&I growth driven by higher volume in Canada and other US
ancillary products
Key Financials ($ millions)
Inc / (Dec) v.
3Q 23
2Q 23
3Q 22
Premiums, service revenue earned and other income
VSC losses
$
324
$
12
$
32
39
1
4
Weather losses
22
(29)
23
14
Other losses
46
1
19
Losses and loss adjustment expenses
Acquisition and underwriting expenses'
Total underwriting income/(loss)
Investment income and other
107
(27)
37
(2)
231
7
11
(14)
(2)
Pre-tax loss
$
(16)
$ (24) $
8 88
(16)
(56)
30
14
Change in fair value of equity securities (3)
46
70
(16)
$
30
$
46
$
(2)
$
8,736
$
(154)
$
203
3Q 23
2Q 23
3Q 22
33.0%
43.0%
23.9%
Underwriting expense ratio.
Combined ratio
71.3%
71.5%
74.8%
104.3%
114.5%
98.7%
Core pre-tax income (1)
Total assets (EOP)
Key Statistics - Insurance Ratios
Loss ratio
Insurance Losses
($ millions)
$134
Insurance Written Premiums
($ millions)
$107
$335
$45
$307
$291
$299
$88
$285
$74
P&C
Premium
$46
$58
$75
$49
$70
Other
$67
$63
$38
$51
$27
$32
$22
Weather
$14
$8
$233
$218
$232
$250
$261
F&I
Premium
$35
$33
$36
$38
$39
VSC
2Q 23
3Q 23
3Q 22
(1)
4Q 22
1Q 23
Non-GAAP financial measure. See pages 35-37 for definitions.
For additional footnotes see page 39.
3Q 22
4Q 22
1Q 23
2Q 23
3Q 23
ally do it right.
Note: F&I: Finance and insurance products and other. P&C: Property and
casualty insurance products.
22
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