Investor Presentaiton
Insurance
•
4Q 2023 Preliminary Results
Insurance pre-tax income of $129 million and core pre-
tax income of $62 million (1)
$339 million of earned premiums, representing highest quarter
since IPO
Insurance losses of $93 million, up $30 million YoY driven by
portfolio growth including higher insured values, GAP losses and
higher weather losses
Written premiums of $333 million, up 17% YoY
-
Continued success in expanding all-in dealer value proposition
by deepening relationships through comprehensive suite of
combined Ally offerings
P&C premiums increasing from growing inventory and growth in
other dealer products
F&I growth driven by higher volume in Canada and other US
ancillary products
Key Financials ($ millions)
All other losses
Inc / (Dec) v.
4Q 23
3Q 23
4Q 22
Premiums, service revenue earned and other income
$
339
$
15
$
34
VSC losses
36
(3)
Weather losses
3
(19)
54
8
Losses and loss adjustment expenses
Acquisition and underwriting expenses
Total underwriting income / (loss)
93
(14)
(2)
228
(3)
18
32
Investment income and other
111
113
29
$
129
$
145
$
13523522
(1)
Change in fair value of equity securities (3)
(67)
(114)
(18)
$
62
$
31
$
10
$
9,081
$
345
$
422
4Q 23
3Q 23
4Q 22
27.6%
33.0%
20.6%
67.2%
71.3%
73.0%
94.8%
104.3%
93.6%
Pre-tax income
Core pre-tax income (1)
Total assets (EOP)
Key Statistics - Insurance Ratios
Loss ratio
Underwriting expense ratio
Combined ratio
Insurance Losses
Insurance Written Premiums
($ millions)
$134
($ millions)
$15
$12
$107
$93
$88
$18
$16
$9
$11
$17
Other
$335
$333
$307
$299
$285
$74
$89
$75
$49
P&C
Premium
$67
$63
$10
$21
$10
GAP
$51
$13
$17
P&C non-
$5
$22
$27
weather
$14
$14
$250
$261
$3
Weather
$218
$232
$244
F&I
Premium
$33
$36
$38
$39
$36
VSC
4Q 22
1Q 23
2Q 23
3Q 23
4Q 23
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
For additional footnotes see page 39.
4Q 22
1Q 23
2Q 23
3Q 23
4Q 23
Note: F&I: Finance and insurance products and other. P&C: Property and
casualty insurance products.
ally do it right.
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