Investor Presentaiton
Supplemental
Corporate and Other
4Q 2023 Preliminary Results
•
Pre-tax loss of $462 million and Core pre-tax loss of
$284 million (1)
Net financing revenue lower YoY driven by higher interest
expense
Provision expense lower YoY largely driven by release from
pending Ally Lending sale and slower portfolio growth in
unsecured
Total assets of $42 billion, relatively flat year over year
($ millions)
Change in fair value of equity securities (3)
Core pre-tax income/(loss)
(1)
Key Financials
4Q 23
Inc (Dec) v.
3Q 23
4Q 22
Net financing revenue
$
(26)
SA
$
(20)
$
(198)
Total other revenue
49
14
Total net revenue
$
23
$
(6)
SA
$
(198)
Provision for credit losses
78
17
(19)
Noninterest expense
Pre-tax income/(loss)
407
196
104
$
Core OID
(1)
(462)
13
$ (219) $ (283)
°
2
Repositioning and other (2)
172
142
115
(7)
(17)
(7)
$ (284)
$
(93)
$
(173)
Cash & securities
Held for investment loans, net (4)
Assets of Operations, Held for sale (5)
Intercompany loan
Other (5)
$ 31,511
$ (444)
$
(86)
2,045
(1,656)
(990)
2,008
2,008
2,008
(6)
(619)
(72)
(202)
7,292
(331)
(124)
Ally Financial Rating Details
Total assets
LT Debt
ST Debt
Outlook
Ally Invest
Fitch
BBB-
F3
Moody's
Baa3
P-3
Stable
Negative
S&P
BBB-
A-3
Stable
DBRS
BBB
R-2H
Stable
$ 42,237
$
(495)
$
606
4Q 23
3Q 23
4Q 22
Net Funded Accounts (k)
523
524
518
Average Customer Trades Per Day (k)
23.4
24.9
27.1
Total Customer Cash Balances
$ 1,454
$ 1,363
$
1,757
Total Net Customer Assets
$ 15,164
$ 13,981
$ 12,833
Note: Ratings as of 12/31/2023. Our borrowing costs & access to the capital markets could be negatively
impacted if our credit ratings are downgraded or otherwise fail to meet investor expectations or demands.
Ally Lending
Gross Originations
Held-for-investment Loans (EOP)
Assets of Operations, Held for sale (5)
Portfolio yield
4Q 23
3Q 23
4Q 22
$
280
5969
$
$ 2,008
SSS
$ 382
$
498
$
2,206
$ 1,990
$
-
$
NCO %
9.9%
6.6%
9.9%
10.4%
5.3%
5.2%
Ally Credit Card
4Q 23
3Q 23
4Q 22
Gross Receivable Growth (EOP)
$
118
$
114
$
172
Outstanding Balance (EOP)
$
1,990
$ 1,872
$
1,599
NCO %
Active Cardholders (k)
10.9%
1,222
8.4%
1,199
5.2%
1,042
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
For additional footnotes see page 40.
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