Ally Financial (ALLY) 8-K Ally Financial Reports Preliminary Fourth Quarter and Full Year 2011 Financial Results

FOURTH QUARTER 2011

FINANCIAL SUPPLEMENT

ALLY FINANCIAL INC.
FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

This information is preliminary and based on company data available at the time of the presentation

In the presentation that follows and related comments by Ally Financial Inc. (“Ally”) management, the use of the words “expect,” “anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or similar expressions is intended to identify forward-looking statements. All statements herein and in related management comments, other than statements of historical fact, including without limitation, statements about future events and financial performance, are forward-looking statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial results, and Ally’s actual results may differ materially due to numerous important factors that are described in the most recent reports on SEC Forms 10-K and 10-Q for Ally, each of which may be revised or supplemented in subsequent reports filed with the SEC. Such factors include, among others, the following: maintaining the mutually beneficial relationship between Ally and General Motors (“GM”), and Ally and Chrysler; the profitability and financial condition of GM and Chrysler; securing low cost funding for us and Residential Capital, LLC (“ResCap”); our ability to realize the anticipated benefits associated with being a bank holding company, and the increased regulation and restrictions that we are now subject to; any additional future impact resulting from delayed foreclosure sales or related matters; the potential for legal liability resulting from claims related to the sale of private-label mortgage-backed securities; risks related to potential repurchase obligations due to alleged breaches of representations and warranties in mortgage securitization transactions; changes in U.S. government-sponsored mortgage programs or disruptions in the markets in which our mortgage subsidiaries operate; continued challenges in the residential mortgage markets; the continuing negative impact on ResCap and our mortgage business generally due to declines in the U.S. housing market; uncertainty of our ability to enter into transactions or execute strategic alternatives to realize the value of our ResCap operations; the potential for deterioration in the residual value of off-lease vehicles; disruptions in the market in which we fund our operations, with resulting negative impact on our liquidity; changes in our accounting assumptions that may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; changes in the credit ratings of Ally, ResCap, Chrysler, or GM; changes in economic conditions, currency exchange rates or political stability in the markets in which we operate; and changes in the existing or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations (including as a result of the Dodd-Frank Act).

Investors are cautioned not to place undue reliance on forward-looking statements. Ally undertakes no obligation to update publicly or otherwise revise any forward-looking statements except where expressly required by law. Reconciliation of non-GAAP financial measures included within this presentation are provided in this presentation.

Use of the term “loans” describes products associated with direct and indirect lending activities of Ally’s global operations. The specific products include retail installment sales contracts, loans, lines of credit, leases or other financing products. The term “originate” refers to Ally’s purchase, acquisition or direct origination of various “loan” products.

4Q 2011 Preliminary Results

2

ALLY FINANCIAL INC.
TABLE OF CONTENTS

	Page(s)
Consolidated Results
Consolidated Financial Highlights	4
Consolidated Income Statement	5
Consolidated Period-End Balance Sheet	6
Consolidated Average Balance Sheet	7
Segment Detail
Segment Highlights	8
North American Automotive Finance	9-10
International Automotive Finance	11-12
Insurance	13
Mortgage Origination and Servicing	14
Legacy Portfolio and Other	15
ResCap Key Financial Information	16
Mortgage Operations Asset Breakout	17
Corporate and Other	18
Credit Related Information	19-21
Supplemental Detail
Capital	22
Liquidity	23
Deposits	24
Ally Bank Consumer Mortgage HFI Portfolio	25
Mortgage Repurchase Reserves	26
Ownership	27

4Q 2011 Preliminary Results

3

ALLY FINANCIAL INC.
CONSOLIDATED FINANCIAL HIGHLIGHTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Selected Income Statement Data	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Net financing revenue (ex. OID)	$	743		$	832		$	972		$	840		$	846		$	(89	)	$	(103	)	$	3,387		$	3,813		$	(426	)
Total other revenue (ex. OID)		977			554			1,077			1,038			1,300			423			(323	)		3,646			5,129			(1,483	)
Total net revenue (ex. OID)		1,720			1,386			2,049			1,878			2,146			334			(426	)		7,033			8,942			(1,909	)
Provision for loan losses		6			50			50			113			71			(44	)		(65	)		219			442			(223	)
Controllable expenses(1)		965			731			825			835			885			234			80			3,357			3,341			16
Other noninterest expenses		773			486			709			505			664			287			109			2,472			2,720			(248	)
Core pre-tax income(2)	$	(24	)	$	119		$	465		$	425		$	526		$	(143	)	$	(550	)	$	985		$	2,439		$	(1,454	)
Core OID amortization expense(3) (4)		137			225			274			326			301			(88	)		(164	)		962			1,300			(338	)
Income tax expense (benefit)		73			93			83			(70	)		45			(20	)		28			179			153			26
(Loss) income from discontinued operations		(16	)		(11	)		5			(23	)		(101	)		(5	)		85			(45	)		89			(134	)
Net (loss) income	$	(250	)	$	(210	)	$	113		$	146		$	79		$	(40	)	$	(329	)	$	(201	)	$	1,075		$	(1,276	)
Selected Balance Sheet Data (Period-End)
Total assets	$	183,940		$	181,956		$	178,889		$	173,704		$	172,008		$	1,984		$	11,932		$	183,940		$	172,008		$	11,932
Consumer loans(5)		74,287			70,815			70,093			68,407			63,017			3,472			11,270			74,287			63,017			11,270
Commercial loans(6)		40,468			37,897			40,632			39,052			39,396			2,571			1,072			40,468			39,396			1,072
Allowance balance		(1,503	)		(1,621	)		(1,739	)		(1,806	)		(1,873	)		118			370			(1,503	)		(1,873	)		370
Deposits		45,050			44,326			42,262			40,696			39,048			724			6,002			45,050			39,048			6,002
Common equity(7)		12,387			12,792			13,483			13,467			13,518			(405	)		(1,131	)		12,387			13,518			(1,131	)
Total equity		19,327			19,732			20,423			20,407			20,489			(405	)		(1,162	)		19,327			20,489			(1,162	)
Select Financial Ratios
Net interest margin(8)		1.8	%		2.1	%		2.5	%		2.3	%		2.3	%								2.1	%		2.7	%
Return on average total equity (annualized)		-5.1	%		-4.2	%		2.2	%		2.9	%		1.5	%								-1.0	%		5.2	%
Return on average assets (annualized)		-0.5	%		-0.5	%		0.3	%		0.3	%		0.2	%								-0.1	%		0.6	%
Capital Ratios
Tier 1 capital ratio		13.7	%		14.3	%		14.6	%		14.7	%		15.0	%
Tier 1 common capital ratio(9)		7.5	%		8.0	%		8.4	%		8.4	%		8.6	%
Total risk-based capital ratio		14.7	%		15.5	%		15.9	%		16.0	%		16.4	%

(1) Includes employee related costs, consulting and legal fees, marketing, information technology, facility, portfolio servicing and restructuring expenses

(2) Core pre-tax income is a non-GAAP financial measure. It is defined as income from continuing operations before taxes and primarily bond exchange original issue discount ("OID") amortization expense

(3) Includes $20 million and $30 million of accelerated OID amortization in 2Q11 and 1Q11, respectively, and $101 million in Full Year 2010

(4) Core OID for 4Q 2010 exclude IO and 2011 excludes IO and 2010 issuances

(5) These amounts exclude loans held-for-sale

(6) Includes notes receivable from General Motors

(7) Includes common stock and paid-in capital, accumulated deficit and accumulated other comprehensive income

(8) Excludes OID amortization expense. The impact of historical financial statement restatements for discontinued operations are not reflected in prior periods

(9) Tier 1 common capital ratio is a non-GAAP measurement. Refer to page 22 for additional details

4Q 2011 Preliminary Results

4

ALLY FINANCIAL INC.
CONSOLIDATED INCOME STATEMENT  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Financing revenue and other interest income
Interest and fees on finance receivables and loans(1)	$	1,659		$	1,680		$	1,675		$	1,621		$	1,665		$	(21	)	$	(6	)	$	6,635		$	6,546		$	89
Interest on loans held-for-sale		76			86			86			84			123			(10	)		(47	)		332			601			(269	)
Interest on trading securities		9			4			3			3			3			5			6			19			15			4
Interest and dividends on available-for-sale investment securities		87			102			106			103			85			(15	)		2			398			356			42
Interest-bearing cash		13			14			15			12			15			(1	)		(2	)		54			69			(15	)
Operating leases		515			530			598			655			717			(15	)		(202	)		2,298			3,596			(1,298	)
Total financing revenue and other interest income		2,359			2,416			2,483			2,478			2,608			(57	)		(249	)		9,736			11,183			(1,447	)
Interest expense
Interest on deposits		184			179			171			166			171			5			13			700			641			59
Interest on short-term borrowings		74			61			87			92			89			13			(15	)		314			324			(10	)
Interest on long-term debt		1,179			1,293			1,331			1,406			1,432			(114	)		(253	)		5,209			5,701			(492	)
Total interest expense		1,437			1,533			1,589			1,664			1,692			(96	)		(255	)		6,223			6,666			(443	)
Depreciation expense on operating lease assets		316			276			176			270			371			40			(55	)		1,038			1,903			(865	)
Net financing revenue		606			607			718			544			545			(1	)		61			2,475			2,614			(139	)
Other revenue
Servicing fees		325			335			341			357			366			(10	)		(41	)		1,358			1,493			(135	)
Servicing asset valuation and hedge activities, net		(126	)		(471	)		(105	)		(87	)		(213	)		345			87			(789	)		(394	)		(395	)
Total servicing income, net		199			(136	)		236			270			153			335			46			569			1,099			(530	)
Insurance premiums and service revenue earned		385			390			399			399			419			(5	)		(34	)		1,573			1,750			(177	)
Gain on mortgage and automotive loans, net		169			95			116			90			401			74			(232	)		470			1,261			(791	)
Loss on extinguishment of debt		-			-			(25	)		(39	)		-			-			-			(64	)		(123	)		59
Other gain on investments, net		43			75			92			84			150			(32	)		(107	)		294			504			(210	)
Other income, net of losses		181			130			239			204			177			51			4			754			537			217
Total other revenue		977			554			1,057			1,008			1,300			423			(323	)		3,596			5,028			(1,432	)
Total net revenue		1,583			1,161			1,775			1,552			1,845			422			(262	)		6,071			7,642			(1,571	)
Provision for loan losses		6			50			50			113			71			(44	)		(65	)		219			442			(223	)
Noninterest expense
Compensation and benefits expense		442			293			415			424			406			149			36			1,574			1,576			(2	)
Insurance losses and loss adjustment expenses		146			170			227			170			196			(24	)		(50	)		713			820			(107	)
Other operating expenses		1,150			754			892			746			947			396			203			3,542			3,665			(123	)
Total noninterest expense		1,738			1,217			1,534			1,340			1,549			521			189			5,829			6,061			(232	)
(Loss) income from continuing operations before income tax expense (benefit)		(161	)		(106	)		191			99			225			(55	)		(386	)		23			1,139			(1,116	)
Income tax expense (benefit) from continuing operations		73			93			83			(70	)		45			(20	)		28			179			153			26
Net income from continuing operations		(234	)		(199	)		108			169			180			(35	)		(414	)		(156	)		986			(1,142	)
(Loss) Income from discontinued operations, net of tax		(16	)		(11	)		5			(23	)		(101	)		(5	)		85			(45	)		89			(134	)
Net (loss) income	$	(250	)	$	(210	)	$	113		$	146		$	79		$	(40	)	$	(329	)	$	(201	)	$	1,075		$	(1,276	)

(1) Includes other interest income, net

4Q 2011 Preliminary Results

5

ALLY FINANCIAL INC.
CONSOLIDATED PERIOD-END BALANCE SHEET

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Assets	12/31/2011			9/30/2011			6/30/2011			3/31/2011			12/31/2010			9/30/2011			12/31/2010
Cash and cash equivalents
Noninterest-bearing	$	1,768		$	1,517		$	2,039		$	1,652		$	1,714		$	251		$	54
Interest-bearing		11,267			14,885			12,862			11,294			9,956			(3,618	)		1,311
Total cash and cash equivalents		13,035			16,402			14,901			12,946			11,670			(3,367	)		1,365
Trading assets		622			503			311			75			240			119			382
Investment securities		15,135			13,981			15,961			15,401			14,846			1,154			289
Loans held-for-sale, net		8,557			8,745			7,168			7,496			11,411			(188	)		(2,854	)
Finance receivables and loans, net
Finance receivables and loans, net		114,755			108,712			110,725			107,459			102,413			6,043			12,342
Allowance for loan losses		(1,503	)		(1,621	)		(1,739	)		(1,806	)		(1,873	)		118			370
Total finance receivables and loans, net		113,252			107,091			108,986			105,653			100,540			6,161			12,712
Investment in operating leases, net		9,275			9,052			9,015			8,898			9,128			223			147
Mortgage servicing rights		2,519			2,663			3,701			3,774			3,738			(144	)		(1,219	)
Premiums receivables and other insurance assets		1,853			2,026			2,124			2,175			2,181			(173	)		(328	)
Other assets		18,622			21,540			16,770			16,763			17,564			(2,918	)		1,058
Assets of operations held-for-sale (1)		1,070			(47	)		(48	)		523			690			1,117			380
Total assets	$	183,940		$	181,956		$	178,889		$	173,704		$	172,008		$	1,984		$	11,932
Liabilities
Deposit liabilities
Noninterest-bearing	$	2,029		$	2,704		$	2,405		$	2,064		$	2,131		$	(675	)	$	(102	)
Interest-bearing		43,021			41,622			39,857			38,632			36,917			1,399			6,104
Total deposit liabilities		45,050			44,326			42,262			40,696			39,048			724			6,002
Short-term borrowings		7,680			5,933			7,130			7,395			7,508			1,747			172
Long-term debt		92,794			90,546			91,723			88,139			86,612			2,248			6,182
Interest payable		1,587			1,712			1,734			1,850			1,829			(125	)		(242	)
Unearned insurance premiums and service revenue		2,576			2,757			2,845			2,842			2,854			(181	)		(278	)
Reserves for insurance losses and loss adjustment expenses		580			690			782			828			862			(110	)		(282	)
Accrued expense and other liabilities		14,009			16,260			11,990			11,001			12,126			(2,251	)		1,883
Liabilities of operations held-for-sale		337			-			-			546			680			337			(343	)
Total liabilities	$	164,613		$	162,224		$	158,466		$	153,297		$	151,519		$	2,389		$	13,094
Equity
Common stock and paid-in capital	$	19,668		$	19,668		$	19,668		$	19,668		$	19,668		$	(0	)	$	0
Mandatorily convertible preferred stock held by U.S. Department of Treasury		5,685			5,685			5,685			5,685			5,685			-			-
Preferred stock		1,255			1,255			1,255			1,255			1,287			-			(32	)
Accumulated deficit		(7,368	)		(6,918	)		(6,508	)		(6,435	)		(6,410	)		(450	)		(958	)
Accumulated other comprehensive income		87			42			323			234			259			45			(172	)
Total equity		19,327			19,732			20,423			20,407			20,489			(405	)		(1,162	)
Total liabilities and equity	$	183,940		$	181,956		$	178,889		$	173,704		$	172,008		$	1,984		$	11,932

(1) Includes $94 million of unfavorable translation adjustment related to our International Auto Finance Operations in Venezuela

4Q 2011 Preliminary Results

6

ALLY FINANCIAL INC.
CONSOLIDATED AVERAGE BALANCE SHEET⁽¹⁾

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Assets	12/31/2011			9/30/2011			6/30/2011			3/31/2011			12/31/2010			9/30/2011			12/31/2010			2011			2010			CHANGE
Interest-bearing cash and cash equivalents	$	11,364		$	13,373		$	11,910		$	13,041		$	11,447		$	(2,009	)	$	(83	)	$	12,420		$	13,964		$	(1,544	)
Trading assets		647			351			146			318			263			296			384			366			252			114
Investment securities		15,487			13,814			14,311			14,591			11,629			1,673			3,858			14,551			11,312			3,239
Loans held-for-sale, net		10,588			9,654			8,320			8,877			12,438			934			(1,850	)		9,365			13,506			(4,141	)
Total finance receivables and loans, net(2)		114,069			112,478			111,543			104,385			100,296			1,591			13,773			110,650			92,224			18,426
Investment in operating leases, net		9,129			9,040			9,004			8,947			9,564			89			(435	)		9,031			12,064			(3,033	)
Total interest earning assets		161,284			158,710			155,234			150,159			145,637			2,574			15,647			156,383			143,322			13,061
Noninterest-bearing cash and cash equivalents		1,664			1,321			1,020			1,032			1,117			343			547			1,261			686			575
Other assets		23,320			27,565			23,966			24,898			26,386			(4,245	)		(3,066	)		24,940			35,040			(10,100	)
Allowance for loan losses		(1,609	)		(1,737	)		(1,816	)		(1,864	)		(2,053	)		128			444			(1,756	)		(2,363	)		607
Total assets	$	184,659		$	185,859		$	178,404		$	174,225		$	171,087		$	(1,200	)	$	13,572		$	180,828		$	176,685		$	4,143
Liabilities
Interest-bearing deposit liabilities	$	43,823		$	42,131		$	40,386		$	38,156		$	36,093		$	1,692		$	7,730		$	41,136		$	33,355		$	7,781
Short-term borrowings		7,137			7,320			7,280			8,559			6,597			(183	)		540			7,209			7,601			(392	)
Long-term debt(3)		91,590			92,313			90,606			87,060			85,670			(723	)		5,920			90,410			87,270			3,140
Total interest-bearing liabilities(3)		142,550			141,764			138,272			133,775			128,360			786			14,190			138,755			128,226			10,529
Noninterest-bearing deposit liabilities		2,374			2,509			2,170			2,017			2,307			(135	)		67			2,239			2,082			157
Other liabilities		20,137			21,529			17,517			18,021			19,670			(1,392	)		467			19,677			25,666			(5,989	)
Total liabilities	$	165,061		$	165,802		$	157,959		$	153,813		$	150,337		$	(741	)	$	14,724		$	160,671		$	155,974		$	4,697
Equity
Total equity	$	19,598		$	20,057		$	20,445		$	20,412		$	20,750		$	(459	)	$	(1,152	)	$	20,157		$	20,711		$	(554	)
Total liabilities and equity	$	184,659		$	185,859		$	178,404		$	174,225		$	171,087		$	(1,200	)	$	13,572		$	180,828		$	176,685		$	4,143

Note: The impact of financial statement restatements for discontinued operations are not reflected in prior periods

(1) Average balances are calculated using a combination of monthly and daily average methodologies

(2) Nonperforming finance receivables and loans are included in the average balances net of unearned income, unamortized premiums and discounts, and deferred fees and costs

(3) Average balance includes $2,185 million related to OID at December 31, 2011

4Q 2011 Preliminary Results

7

ALLY FINANCIAL INC.
SEGMENT HIGHLIGHTS  

($ in millions)
				QUARTERLY TRENDS												CHANGE VS.						FULL YEAR
	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			INC / (DEC)
North American Automotive Finance	$	478		$	551		$	559		$	518		$	589		$	(73	)	$	(111	)	$	2,106		$	2,344		$	(238	)
International Automotive Finance		21			89			69			31			8			(68	)		13			210			205			5
Insurance		93			111			72			131			165			(18	)		(72	)		407			562			(155	)
Global Automotive Services		592			751			700			680			762			(159	)		(170	)		2,723			3,111			(388	)
Mortgage Origination and Servicing		(237	)		(292	)		53			85			173			55			(410	)		(391	)		920			(1,311	)
Legacy Portfolio and Other(1)		(65	)		(117	)		(178	)		(42	)		(53	)		52			(12	)		(402	)		(267	)		(135	)
Mortgage Operations		(302	)		(409	)		(125	)		43			120			107			(422	)		(793	)		653			(1,446	)
Corporate and Other (ex. OID)(2)		(314	)		(223	)		(110	)		(298	)		(356	)		(91	)		42			(945	)		(1,325	)		380
Core pre-tax income(3)		(24	)		119			465			425			526			(143	)		(550	)		985			2,439			(1,454	)
Core OID amortization expense(4)(5)		137			225			274			326			301			(88	)		(164	)		962			1,300			(338	)
Income tax expense (benefit)		73			93			83			(70	)		45			(20	)		28			179			153			26
(Loss) income from discontinued operations		(16	)		(11	)		5			(23	)		(101	)		(5	)		85			(45	)		89			(134	)
Net (loss) income	$	(250	)	$	(210	)	$	113		$	146		$	79		$	(40	)	$	(329	)	$	(201	)	$	1,075		$	(1,276	)

(1) Legacy Portfolio and Other segment primarily consists of loans originated prior to Jan. 1, 2009 and includes non-core business activities including portfolios in runoff

(2) Corporate and Other primarily consists of our centralized Corporate treasury and deposit gathering activities and the residual impacts of our corporate funds transfer pricing ("FTP") and treasury asset liability management ("ALM") activities. The segment also includes our Commercial Finance Group ("CFG"), certain equity investments and reclassifications and eliminations between the reportable operating segments

(3) Core pre-tax income is a non-GAAP financial measure. It is defined as income from continuing operations before taxes and primarily bond exchange OID amortization expense

(4) Includes $20 million and $30 million of accelerated OID amortization in 2Q11 and 1Q11, respectively, and $101 million in Full Year 2010

(5) Core OID for 4Q 2010 exclude IO and 2011 excludes IO and 2010 issuances

4Q 2011 Preliminary Results

8

ALLY FINANCIAL INC.
NORTH AMERICAN AUTO - CONDENSED FINANCIAL STATEMENTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011		2010		CHANGE
Net financing revenue
Consumer	$	739		$	718		$	706		$	668		$	629		$	21		$	110		$	2,831	$	2,339	$	492
Commercial(1)		324			346			329			326			386			(22	)		(62	)		1,325		1,425		(100	)
Loans held-for-sale		5			-			-			-			-			5			5			5		112		(107	)
Operating leases		511			527			594			651			707			(16	)		(196	)		2,283		3,570		(1,287	)
Other interest income		31			29			23			23			25			2			6			106		149		(43	)
Total financing revenue and other interest income		1,610			1,620			1,652			1,668			1,747			(10	)		(137	)		6,550		7,595		(1,045	)
Interest expense		591			590			604			582			575			1			16			2,367		2,377		(10	)
Depreciation expense on operating lease assets		315			275			170			268			374			40			(59	)		1,028		1,897		(869	)
Net financing revenue		704			755			878			818			798			(51	)		(94	)		3,155		3,321		(166	)
Other revenue
Servicing fees		35			39			42			45			51			(4	)		(16	)		161		226		(65	)
Gain on automotive loans, net		-			33			15			-			47			(33	)		(47	)		48		249		(201	)
Other income		49			54			57			64			59			(5	)		(10	)		224		215		9
Total other revenue		84			126			114			109			157			(42	)		(73	)		433		690		(257	)
Total net revenue		788			881			992			927			955			(93	)		(167	)		3,588		4,011		(423	)
Provision for loan losses		(33	)		25			55			46			19			(58	)		(52	)		93		286		(193	)
Noninterest expense
Compensation and benefits		115			92			111			116			96			23			19			434		387		47
Other operating expenses		228			213			267			247			251			15			(23	)		955		994		(39	)
Total noninterest expense		343			305			378			363			347			38			(4	)		1,389		1,381		8
Income before income tax expense (benefit)	$	478		$	551		$	559		$	518		$	589		$	(73	)	$	(111	)	$	2,106	$	2,344	$	(238	)
Balance Sheet (Period-End)
Loans held-for-sale	$	425		$	464		$	-		$	-		$	-		$	(39	)	$	425
Finance receivables and loans, net:
Consumer loans		54,076			50,507			48,925			47,356			41,896			3,569			12,180
Commercial loans(2)		32,474			30,364			32,973			31,598			31,213			2,110			1,261
Allowance for loan losses		(736	)		(838	)		(897	)		(899	)		(946	)		102			210
Total finance receivables and loans, net	$	85,814		$	80,033		$	81,001		$	78,055		$	72,163		$	5,781		$	13,651
Other assets		10,732			10,035			9,942			9,607			9,730			697			1,002
Total assets	$	96,971		$	90,532		$	90,943		$	87,662		$	81,893		$	6,439		$	15,078

(1) Includes interest on notes receivable from General Motors

(2) Includes Intercompany

4Q 2011 Preliminary Results

9

ALLY FINANCIAL INC.
NORTH AMERICAN AUTO - KEY STATISTICS

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
U.S. Market	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
SAAR(units in millions)		13.4			12.6			12.1			13.0			12.3			0.8			1.1			12.8			11.5			1.3
Industry light vehicle sales(units in millions)		3.2			3.2			3.3			3.0			3.0			0.1			0.3			12.7			11.6			1.2
GM market share		18.5	%		20.2	%		20.5	%		19.4	%		19.5	%								19.7	%		19.2	%
Chrysler market share		11.1	%		11.6	%		10.8	%		9.4	%		9.0	%								10.8	%		9.4	%
NAO Total Consumer Originations by Type($ in billions)
New	$	6.5		$	7.1		$	6.0		$	7.8		$	7.5		$	(0.6	)	$	(1.0	)	$	27.3		$	26.5		$	0.8
Lease		1.3			1.7			2.1			2.2			1.4			(0.4	)		(0.1	)		7.3			3.9			3.4
Used		2.3			2.4			2.2			2.4			1.4			(0.0	)		0.9			9.2			5.0			4.2
Total NAO	$	10.1		$	11.1		$	10.3		$	12.4		$	10.2		$	(1.0	)	$	(0.1	)	$	43.8		$	35.4		$	8.5
NAO Ally Consumer Penetration
GM		33.6	%		32.7	%		35.4	%		50.9	%		49.7	%								38.3	%		39.5	%
Chrysler		25.6	%		32.4	%		27.2	%		30.4	%		32.2	%								28.9	%		39.2	%
U.S. Ally Consumer Penetration
GM		31.8	%		31.6	%		36.5	%		51.9	%		49.7	%								38.1	%		38.2	%
Chrysler		27.2	%		35.2	%		30.3	%		33.7	%		36.3	%								31.6	%		45.4	%
U.S. Ally Consumer Originations(1)($ in billions)
GM new retail subvented	$	2.0		$	1.5		$	1.4		$	1.8		$	2.0		$	0.5		$	0.0		$	6.7		$	6.5		$	0.2
GM new retail standard		1.7			1.9			2.1			3.3			2.9			(0.3	)		(1.2	)		9.0			8.5			0.5
Chrysler new retail subvented		0.5			0.9			0.5			0.5			0.6			(0.4	)		(0.1	)		2.5			3.9			(1.4	)
Chrysler new retail standard		1.0			1.2			0.9			1.0			0.8			(0.3	)		0.2			4.1			3.3			0.7
Diversified new		0.5			0.4			0.4			0.5			0.3			0.0			0.2			1.8			0.8			1.0
Lease(2)		1.3			1.7			2.1			2.2			1.4			(0.4	)		(0.1	)		7.3			3.8			3.4
Used		2.3			2.3			2.1			2.3			1.3			(0.0	)		0.9			9.0			4.7			4.3
Total U.S. originations	$	9.2		$	10.0		$	9.5		$	11.6		$	9.3		$	(0.9	)	$	(0.1	)	$	40.2		$	31.6		$	8.7
NAO Ally Consumer Originations($ in billions)
Total U.S. originations	$	9.2		$	10.0		$	9.5		$	11.6		$	9.3		$	(0.9	)	$	(0.1	)	$	40.2		$	31.6		$	8.7
Total Canada originations		1.0			1.1			0.8			0.8			1.0			(0.1	)		0.0			3.6			3.8			(0.2	)
Total NAO originations	$	10.1		$	11.1		$	10.3		$	12.4		$	10.2		$	(1.0	)	$	(0.1	)	$	43.8		$	35.4		$	8.5
U.S. Ally Consumer Originations - Additional Data
Number of contracts originated(# in thousands)		338			379			367			462			351			(41	)		(14	)		1,545			1,186			359
GM subvented(% based on # of new GM units originated)(3)		58	%		54	%		52	%		46	%		44	%								51	%		44	%
Chrysler subvented(% based on # of new Chrysler units originated) (3)		48	%		53	%		54	%		46	%		50	%								50	%		55	%
Average original term in months		66			66			65			63			62			0			5			65			64			1
U.S. Ally Floorplan(4)
GM penetration		73.9	%		75.1	%		79.3	%		82.3	%		81.0	%								77.5	%		82.4	%
Chrysler penetration		63.3	%		66.0	%		68.1	%		69.9	%		71.6	%								66.7	%		71.5	%
Floorplan outstandings(avg. $ in billions)	$	24.9		$	24.3		$	25.1		$	23.6		$	24.1		$	0.6		$	0.8		$	24.5		$	21.7		$	2.8
Loan Book - NAO Key Statistics($ in billions)
Dollar amount of contracts outstanding at end of period	$	63.7		$	59.8		$	57.7		$	55.9		$	50.6		$	3.9		$	13.1		$	63.7		$	50.6		$	13.1
Dollar amount of new GM wholesale outstanding(average)	$	15.9		$	15.7		$	16.5		$	15.4		$	16.6		$	0.1		$	(0.7	)	$	15.8		$	14.9		$	0.9
Dollar amount of new Chrysler wholesale outstanding(average)	$	7.4		$	7.7		$	8.2		$	7.2		$	6.5		$	(0.3	)	$	0.9		$	7.6		$	5.8		$	1.8
U.S. Off-Lease Remarketing
Sales proceeds on scheduled lease terminations (36-month) per vehicle - Serviced	$	23,365		$	20,600		$	20,581		$	19,615		$	20,218		$	2,765		$	3,147		$	20,257		$	19,388		$	868
Off-lease vehicles terminated - Serviced(# in units)		27,737			55,420			74,131			91,336			84,167			(27,683	)		(56,430	)		248,624			376,203			(127,579	)
Sales proceeds on scheduled lease terminations (36-month) per vehicle - On-balance sheet	$	23,365		$	20,608		$	20,356		$	19,871		$	20,223		$	2,757		$	3,142		$	20,258		$	19,393		$	865
Off-lease vehicles terminated - On-balance sheet(# in units)		27,733			55,416			74,109			91,270			83,598			(27,683	)		(55,865	)		248,528			352,956			(104,428	)

(1) Some standard rate loan originations contain manufacturer sponsored cash back rebate incentives. Some lease originations contain rate subvention. While Ally may jointly develop marketing programs for these originations, Ally does not have exclusive rights to such originations under operating agreements with manufacturers

(2) Includes GM and Chrysler lease originations

(3) Represents subvented originations inclusive of leases not subject to exclusivity agreements

(4) Penetration rates are based on the trailing four month average end of period dealer stocks

4Q 2011 Preliminary Results

10

ALLY FINANCIAL INC.
INTERNATIONAL AUTO - CONDENSED FINANCIAL STATEMENTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011		2010		CHANGE
Net financing revenue
Consumer	$	291		$	301		$	314		$	287		$	268		$	(10	)	$	23		$	1,193	$	1,075	$	118
Commercial(1)		96			111			111			104			101			(15	)		(5	)		422		379		43
Loans held-for-sale		-			-			-			-			3			-			(3	)		-		15		(15	)
Operating leases		4			3			4			4			9			1			(5	)		15		21		(6	)
Other interest income(2)		20			23			23			26			20			(3	)		-			92		59		33
Total financing revenue and other interest income		411			438			452			421			401			(27	)		10			1,722		1,549		173
Interest expense		253			270			274			253			248			(17	)		5			1,050		885		165
Depreciation expense on operating lease assets		1			1			6			2			2			-			(1	)		10		10		-
Net financing revenue		157			167			172			166			151			(10	)		6			662		654		8
Other revenue
Gain on automotive loans, net		-			-			-			-			6			-			(6	)		-		21		(21	)
Other income		64			61			56			58			43			3			21			239		219		20
Total other revenue		64			61			56			58			49			3			15			239		240		(1	)
Total net revenue		221			228			228			224			200			(7	)		21			901		894		7
Provision for loan losses		23			(2	)		7			37			29			25			(6	)		65		54		11
Noninterest expense
Compensation and benefits		40			44			44			44			34			(4	)		6			172		155		17
Other operating expenses		137			97			108			112			129			40			8			454		480		(26	)
Total noninterest expense		177			141			152			156			163			36			14			626		635		(9	)
Income from cont. ops before income tax expense (benefit)	$	21		$	89		$	69		$	31		$	8		$	(68	)	$	13		$	210	$	205	$	5
Balance Sheet (Period-End)
Cash, trading and investment securities	$	25		$	176		$	192		$	157		$	205		$	(151	)	$	(180	)
Loans held-for-sale		-			-			-			-			-			-			-
Finance receivables and loans, net:
Consumer loans		9,383			9,198			9,810			9,512			9,359			185			24
Commercial loans(3)		4,912			4,778			5,214			5,128			4,814			134			98
Allowance for loan losses		(182	)		(174	)		(207	)		(207	)		(186	)		(8	)		4
Total finance receivables and loans, net	$	14,113		$	13,802		$	14,817		$	14,433		$	13,987		$	311		$	126
Other assets		1,244			1,336			1,573			1,705			1,787			(92	)		(543	)
Total assets	$	15,382		$	15,314		$	16,582		$	16,295		$	15,979		$	68		$	(597	)

⁽¹⁾Includes interest on notes receivable from General Motors

⁽²⁾Includes interest bearing cash

⁽³⁾Includes intercompany

4Q 2011 Preliminary Results

11

ALLY FINANCIAL INC.
INTERNATIONAL AUTO - KEY STATISTICS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Consumer Originations	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Germany	$	385		$	512		$	489		$	287		$	326		$	(127	)	$	59		$	1,673		$	1,119		$	553
Brazil		573			535			481			476			599			37			(26	)		2,065			1,714			351
U.K.		300			341			159			155			195			(41	)		105			955			735			220
Mexico		154			158			140			157			169			(4	)		(16	)		608			540			68
China(1)		880			835			716			588			944			45			(64	)		3,019			2,585			434
Other		333			257			282			235			255			76			78			1,107			919			188
Total Continuing International Operations	$	2,624		$	2,638		$	2,267		$	1,898		$	2,488		$	(14	)	$	136		$	9,427		$	7,612		$	1,815
Consumer Origination Statistics (Continuing Operations)
Number of contracts originated (# thousands)		186			174			150			131			175			12			12			641			536			104
Dollar amount of contracts originated	$	2,624		$	2,638		$	2,267		$	1,898		$	2,488		$	(14	)	$	136		$	9,427		$	7,612		$	1,815
Dollar amount of retail contracts outstanding at end of period	$	9,383		$	9,198		$	9,810		$	9,513		$	9,359		$	185		$	24		$	9,383		$	9,359		$	24
GM subvented (% based on # of GM units originated)(2)		53	%		59	%		50	%		47	%		49	%								53	%		43	%
Mix of retail & lease contract originations (% based on # of units)
New		95	%		94	%		93	%		93	%		96	%								94	%		95	%
Used		5	%		6	%		7	%		7	%		4	%								6	%		5	%

(1) Originations in China are part of a joint-venture in which Ally owns a minority interest

(2) Represents subvented originations inclusive of leases not subject to exclusivity agreements

4Q 2011 Preliminary Results

12

ALLY FINANCIAL INC.
INSURANCE - CONDENSED FINANCIAL STATEMENTS AND KEY STATISTICS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Insurance premiums and other income
Insurance premiums and service revenue earned	$	381		$	387		$	395		$	393		$	414		$	(6	)	$	(33	)	$	1,556		$	1,721		$	(165	)
Investment income		59			44			70			79			133			15			(74	)		252			444			(192	)
Other income		12			16			18			13			19			(4	)		(7	)		59			75			(16	)
Total insurance premiums and other income		452			447			483			485			566			5			(114	)		1,867			2,240			(373	)
Expense
Insurance losses and loss adjustment expenses		142			162			221			157			186			(20	)		(44	)		682			784			(102	)
Acquisition and underwriting expenses
Compensation and benefit expense		23			19			24			27			24			4			(1	)		93			94			(1	)
Insurance commission expense		135			120			122			122			145			15			(10	)		500			578			(78	)
Other expense		59			35			44			48			46			24			13			185			222			(37	)
Total acquisition and underwriting expense		217			174			190			197			215			43			2			778			894			(116	)
Total expense		359			336			411			354			401			23			(42	)		1,460			1,678			(218	)
Income from cont. ops before income tax expense (benefit)	$	93		$	111		$	72		$	131		$	165		$	(18	)	$	(72	)	$	407		$	562		$	(155	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	5,267		$	5,494		$	5,688		$	5,537		$	5,351		$	(227	)	$	(84	)	$	5,267		$	5,351		$	(84	)
Finance receivables and loans, net		5			5			5			5			5			-			-			5			5			-
Premiums receivable and other insurance assets		1,970			2,141			2,239			2,278			2,270			(171	)		(300	)		1,970			2,270			(300	)
Other assets		794			575			601			1,204			1,163			219			(369	)		794			1,163			(369	)
Total assets	$	8,036		$	8,215		$	8,533		$	9,024		$	8,789		$	(179	)	$	(753	)	$	8,036		$	8,789		$	(753	)
Key Statistics (Continuing Operations)
Written Premiums
Dealer Products & Services	$	232		$	280		$	277		$	246		$	221		$	(48	)	$	10		$	1,035		$	957		$	78
International(1)		104			100			120			128			89			4			14			451			503			(52	)
Total written premiums and revenue	$	335		$	380		$	397		$	374		$	311		$	(45	)	$	25		$	1,486		$	1,460		$	26
Loss ratio		36.3	%		40.6	%		54.5	%		38.8	%		43.2	%								42.6	%		43.9	%
Underwriting expense ratio		55.8	%		43.5	%		47.3	%		48.5	%		50.2	%								48.7	%		50.2	%
Combined ratio		92.1	%		84.1	%		101.7	%		87.4	%		93.4	%								91.3	%		94.1	%

(1) Includes written premiums held at Corporate

4Q 2011 Preliminary Results

13

ALLY FINANCIAL INC.
MORTGAGE ORIGINATION AND SERVICING - CONDENSED FINANCIAL STATEMENTS AND KEY STATISTICS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Net financing (loss) revenue
Total financing revenue and other interest income	$	102		$	110		$	82		$	81		$	115		$	(8	)	$	(13	)	$	375		$	378		$	(3	)
Interest expense		109			103			90			98			94			6			15			400			343			57
Net financing (loss) revenue		(7	)		7			(8	)		(17	)		21			(14	)		(28	)		(25	)		35			(60	)
Servicing fees		292			297			302			312			314			(5	)		(22	)		1,203			1,270			(67	)
Servicing asset valuation and hedge activities, net		(126	)		(471	)		(105	)		(87	)		(213	)		345			87			(789	)		(394	)		(395	)
Total servicing income, net		166			(174	)		197			225			101			340			65			414			876			(462	)
Gain on mortgage loans, net		111			51			63			72			206			60			(95	)		297			607			(310	)
Other income, net of losses		95			61			48			43			83			34			12			247			255			(8	)
Total other revenue		372			(62	)		308			340			390			434			(18	)		958			1,738			(780	)
Total net revenue		365			(55	)		300			323			411			420			(46	)		933			1,773			(840	)
Provision for loan losses		-			(1	)		-			2			-			1			-			1			(29	)		30
Noninterest expense
Compensation and benefits expense		82			60			66			65			62			22			20			273			249			24
Representation and warranty expense		(1	)		2			(0	)		(2	)		(1	)		(3	)		-			(0	)		(22	)		21
Other operating expense		521			176			181			173			177			345			344			1,050			655			396
Total noninterest expense		602			238			247			236			238			364			364			1,323			882			441
(Loss) income from cont. ops before income tax expense (benefit)	$	(237	)	$	(292	)	$	53		$	85		$	173		$	55		$	(410	)	$	(391	)	$	920		$	(1,311	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	14		$	16		$	17		$	18		$	24		$	(2	)	$	(10	)
Loans held-for-sale		6,470			5,996			5,152			5,539			9,088			474			(2,618	)
Finance receivables and loans, net:
Consumer loans		2,835			2,637			2,458			2,294			2,079			198			756
Commercial loans		1,887			1,592			1,185			820			1,540			295			347
Allowance for loan losses		(17	)		(16	)		(14	)		(14	)		(14	)		(1	)		(3	)
Total finance receivables and loans, net	$	4,705		$	4,213		$	3,629		$	3,100		$	3,605		$	492		$	1,100
Mortgage servicing rights		2,519			2,663			3,701			3,774			3,738			(144	)		(1,219	)
Other assets		9,316			10,994			6,926			6,283			7,226			(1,678	)		2,090
Total assets	$	23,024		$	23,882		$	19,425		$	18,714		$	23,681		$	(858	)	$	(657	)
Key Statistics($ in billions)
Mortgage loan production(1)
Prime conforming	$	13.7		$	13.3		$	10.6		$	9.9		$	20.0		$	0.3		$	(6.4	)
Prime non-conforming		0.5			0.5			0.3			0.4			0.4			0.1			0.2
Government		2.3			1.8			1.5			1.5			2.8			0.5			(0.5	)
Total mortgage loan production	$	16.5		$	15.6		$	12.3		$	11.8		$	23.2		$	0.9		$	(6.8	)
Primary servicing UPB - period end(2)	$	351		$	355		$	354		$	353		$	356		$	(5	)	$	(5	)

(1) Excludes the International portfolio as ResMor has been reclassified from Origination and Servicing to Legacy Portfolio and Other

(2) Excludes loans for which we acted as a subservicer

4Q 2011 Preliminary Results

14

ALLY FINANCIAL INC.
LEGACY PORTFOLIO AND OTHER - CONDENSED FINANCIAL STATEMENTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	167		$	179		$	209		$	218		$	263		$	(12	)	$	(96	)	$	773		$	1,333		$	(560	)
Interest expense		105			111			132			141			165			(6	)		(60	)		489			728			(239	)
Net financing revenue		62			68			77			77			98			(6	)		(36	)		284			605			(321	)
Total servicing income, net		(1	)		(1	)		(2	)		(1	)		(1	)		-			-			(5	)		(8	)		3
Gain on mortgage loans, net		39			6			34			18			141			33			(102	)		97			383			(286	)
Other income, net of losses		(26	)		(42	)		(18	)		(4	)		(25	)		16			(1	)		(90	)		(115	)		25
Total other revenue		12			(37	)		14			13			115			49			(103	)		2			260			(258	)
Total net revenue		74			31			91			90			213			43			(139	)		286			865			(579	)
Provision for loan losses		35			32			37			45			23			3			12			149			173			(24	)
Noninterest expense
Compensation and benefits expense		30			27			34			36			17			3			13			127			77			50
Representation and warranty expense		45			67			184			28			210			(22	)		(165	)		324			692			(368	)
Other operating expense		29			22			14			23			16			7			13			88			190			(102	)
Total noninterest expense		104			116			232			87			243			(12	)		(139	)		539			959			(420	)
(Loss) from cont. ops before income tax expense (benefit)	$	(65	)	$	(117	)	$	(178	)	$	(42	)	$	(53	)	$	52		$	(12	)	$	(402	)	$	(267	)	$	(135	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	638		$	657		$	713		$	770		$	724		$	(19	)	$	(86	)
Loans held-for-sale		1,642			2,258			2,016			1,951			2,323			(616	)		(681	)
Finance receivables and loans, net
Consumer loans(1)		7,993			8,472			8,900			9,246			9,683			(479	)		(1,690	)
Commercial loans		38			50			69			93			120			(12	)		(82	)
Allowance for loan losses		(515	)		(526	)		(552	)		(567	)		(592	)		11			77
Total finance receivables and loans, net	$	7,516		$	7,996		$	8,417		$	8,772		$	9,211		$	(480	)	$	(1,695	)
Other assets		409			709			752			766			847			(300	)		(438	)
Assets of discontinued operations		685			-			-			-			-			685			685
Total assets	$	10,890		$	11,620		$	11,898		$	12,259		$	13,105		$	(730	)	$	(2,215	)

(1) Consumer loans held for investment ("HFI") consists primarily of Ally Bank HFI (originated pre-2009) and legacy securitizations

4Q 2011 Preliminary Results

15

ALLY FINANCIAL INC.
RESCAP, LLC - KEY FINANCIAL INFORMATION

($ in millions)
	QUARTERLY TRENDS													CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11		4Q 10		3Q 11			4Q 10			2011			2010		CHANGE
Net (loss) income	$	(269	)	$	(442	)	$	(113	)	$	40	$	63	$	173		$	(332	)	$	(782	)	$	575	$	(1,357	)
Balance Sheet (Period-End)
Cash & cash equivalents	$	619		$	623		$	664		$	719	$	672	$	(4	)	$	(54	)
Mortgage loans held-for-sale		4,250			4,580			4,453			4,511		4,655		(331	)		(405	)
Mortgage loans held-for-investment, net		1,009			1,027			1,137			1,194		1,296		(18	)		(287	)
Mortgage servicing rights		1,233			1,330			1,926			2,046		1,992		(97	)		(758	)
Other assets		9,738			11,579			7,703			7,033		8,217		(1,841	)		1,521
Total assets	$	16,849		$	19,139		$	15,883		$	15,503	$	16,832	$	(2,290	)	$	17
Total liabilities	$	16,745		$	18,808		$	15,111		$	14,619	$	15,986	$	(2,063	)	$	759
Tangible net worth(1)	$	104		$	331		$	772		$	884	$	846	$	(228	)	$	(743	)

(1) As previously disclosed, Ally Financial Inc. has made a capital contribution to ResCap of approximately $196.5 million, which was provided through forgiveness of intercompany debt. This contribution results in a pro-forma tangible net worth at ResCap of $300 million

4Q 2011 Preliminary Results

16

ALLY FINANCIAL INC.
MORTGAGE OPERATIONS ASSET BREAKOUT (PERIOD-END)

($ in billions)
	CURRENT QUARTER						HISTORICAL QUARTERLY TRENDS								CHANGE VS.
	Origination and		Legacy Portfolio		Total		Total		Total		Total		Total		Total			Total
ResCap, LLC Assets	Servicing		& Other		12/31/11		9/30/11		6/30/11		3/31/11		12/31/10		9/30/11			12/31/10
Cash and cash equivalents	$	0.0	$	0.6	$	0.6	$	0.6	$	0.7	$	0.7	$	0.7	$	(0.0	)	$	(0.1	)
Accounts receivable (servicing advances, etc)		3.0		0.1		3.0		2.6		2.4		2.5		2.5		0.4			0.5
Securitized assets(1)		2.3		1.1		3.5		3.6		3.6		3.7		3.9		(0.1	)		(0.5	)
Derivatives and derivative collateral		5.9		0.0		6.0		8.0		4.3		3.5		4.5		(2.1	)		1.4
Restricted cash and other assets		0.2		0.3		0.6		0.7		0.7		0.7		0.7		(0.1	)		(0.2	)
Cash, accounting and other less value sensitive assets		11.4		2.2		13.6		15.5		11.7		11.1		12.4		(1.9	)		1.2
Mortgage servicing rights		1.2		-		1.2		1.3		1.9		2.0		2.0		(0.1	)		(0.8	)
Other assets(2)		0.0		0.1		0.1		0.2		0.3		0.3		0.3		(0.0	)		(0.2	)
Assets of international operations held-for-sale		-		-		-		-		-		-		-		-			-
Mortgage loans held-for-sale		0.3		1.5		1.9		2.1		2.0		2.1		2.1		(0.2	)		(0.3	)
Assets carried at fair or net realizable value		1.6		1.7		3.2		3.6		4.2		4.4		4.4		(0.4	)		(1.2	)
Total ResCap, LLC Assets	$	13.0	$	3.8	$	16.8	$	19.1	$	15.9	$	15.5	$	16.8	$	(2.3	)	$	0.0
Other Mortgage Assets
Ally Bank HFI(3)	$	2.8	$	6.4	$	9.3	$	9.3	$	9.4	$	9.5	$	9.5	$	(0.0	)	$	(0.3	)
Ally Bank HFS		3.9		0.0		3.9		3.2		2.5		2.9		6.4		0.7			(2.5	)
Ally Bank warehouse lines		1.9		-		1.9		1.6		1.2		0.8		1.5		0.3			0.3
Ally Bank MSR		1.3		-		1.3		1.3		1.8		1.7		1.7		(0.0	)		(0.5	)
Other non-ResCap assets(4)		0.2		0.6		0.8		1.0		0.6		0.6		0.7		(0.2	)		0.1
Total Mortgage Operations Assets	$	23.0	$	10.9	$	33.9	$	35.5	$	31.3	$	31.0	$	36.8	$	(1.6	)	$	(2.9	)

(1) 12/31/2011 includes domestic securitized assets of $0.8 billion, international securitized assets of $0.3 billion and $2.4 billion of domestic held for sale ("HFS") assets related to off-balance sheet securitizations where ResCap has the option, but not the obligation to repurchase loans

(2) Includes REO, AFS, trading securities, warehouse loans, model homes and other assets

(3) 12/31/2011 Legacy Portfolio & Other amount primarily consists of loans originated prior to 1/1/2009

(4) Includes Ally Bank Cash, Accounts Receivables and Other Assets, as well as ResMor Trust, Disc Ops, and intercompany eliminations

4Q 2011 Preliminary Results

17

ALLY FINANCIAL INC.
CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS

($ in millions)
Includes CFG	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10			2011			2010			CHANGE
Net financing loss
Total financing revenue and other interest income	$	24		$	26		$	41		$	47		$	41		$	(2	)	$	(17	)	$	138		$	165		$	(27	)
Interest expense
Core original issue discount amortization		137			225			254			296			301			(88	)		(164	)		912			1,199			(288	)
Other interest expense		222			212			213			273			285			10			(63	)		920			1,065			(144	)
Total interest expense		359			437			467			569			586			(78	)		(227	)		1,832			2,264			(432	)
Net financing loss		(335	)		(411	)		(426	)		(522	)		(545	)		76			210			(1,694	)		(2,099	)		405
Other revenue																													-
Loss on extinguishment of debt(1)		-			-			(25	)		(39	)		-			-			-			(64	)		(123	)		59
Other gain on investments, net		6			48			40			25			35			(42	)		(29	)		119			146			(27	)
Other income, net of losses		12			(8	)		92			39			10			20			2			135			(65	)		200
Total other revenue (expense)		18			40			107			25			45			(22	)		(27	)		190			(42	)		232
Total net expense		(317	)		(371	)		(319	)		(497	)		(500	)		54			183			(1,504	)		(2,141	)		637
Provision for loan losses		(19	)		(4	)		(49	)		(17	)		-			(15	)		(19	)		(89	)		(42	)		(47	)
Noninterest expense																													-
Compensation and benefits expense		152			51			136			136			173			101			(21	)		475			614			(139	)
Other operating expense		1			30			(22	)		8			(16	)		(29	)		17			17			(88	)		105
Total noninterest expense		153			81			114			144			157			72			(4	)		492			526			(34	)
Loss from cont. ops before income tax (benefit) expense	$	(451	)	$	(448	)	$	(384	)	$	(624	)	$	(657	)	$	(3	)	$	206		$	(1,907	)	$	(2,625	)	$	718
Balance Sheet (Period-End)
Cash, trading and investment securities	$	22,847		$	24,544		$	24,563		$	21,940		$	20,452		$	(1,697	)	$	2,395
Loans held-for-sale		20			27			-			6			-			(7	)		20
Finance receivables and loans, net
Consumer loans		-			1			-			(1	)		-			(1	)		-
Commercial loans(2)		1,152			1,108			1,186			1,408			1,704			44			(552	)
Allowance for loan losses		(53	)		(67	)		(69	)		(119	)		(135	)		14			82
Total finance receivables and loans, net		1,099			1,042			1,117			1,288			1,569			57			(470	)
Other assets		5,671			6,780			5,828			6,516			6,540			(1,109	)		(869	)
Total assets	$	29,637		$	32,393		$	31,508		$	29,750		$	28,561		$	(2,756	)	$	1,076
OID Amortization Schedule	2012			2013			2014			2015 and After
Remaining Core OID Amortization (as of 12/31/2011)	$	336		$	249		$	176		Avg/Yr=$75

(1) Includes $20 million and $30 million of accelerated OID amortization in 2Q11, and 1Q11 respectively, and $101 million in Full Year 2010

(2) Includes Intercompany

4Q 2011 Preliminary Results

18

ALLY FINANCIAL INC.
CREDIT RELATED INFORMATION

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Asset Quality - Consolidated(1)	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10
Ending Loan Balance	$	113,920		$	107,871		$	109,779		$	106,488		$	101,398		$	6,049		$	12,522
30+ Accruing DPD	$	1,038		$	972		$	979		$	963		$	1,114		$	66		$	(76	)
30+ Accruing DPD %		0.9	%		0.9	%		0.9	%		0.9	%		1.1	%
Non-Performing Loans (NPLs)	$	906		$	977		$	1,191		$	1,244		$	1,508		$	(71	)	$	(602	)
Net Charge-Offs (NCOs)	$	120		$	123		$	121		$	189		$	240		$	(3	)	$	(121	)
Net Charge-Off Rate(2)		0.43	%		0.45	%		0.45	%		0.73	%		0.97	%
Provision Expense	$	6		$	50		$	50		$	113		$	71		$	(44	)	$	(65	)
Allowance Balance (ALLL)	$	1,503		$	1,621		$	1,739		$	1,806		$	1,873		$	(118	)	$	(370	)
ALLL as % of Loans(3)		1.3	%		1.5	%		1.6	%		1.7	%		1.8	%
ALLL as % of NPLs(3)		166.0	%		165.8	%		146.0	%		145.2	%		124.3	%
ALLL as % of NCOs(3)		313.8	%		329.3	%		358.0	%		239.1	%		194.8	%

(1) Loans within this table are classified as held-for-investment recorded at historical cost as these loans are included in our allowance for loan losses

(2) Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding finance receivables and loans excluding loans measured at fair value and loans held-for-sale

(3) ALLL coverage ratios are based on the allowance for loan losses related to loans held-for-investment excluding those loans held at fair value as a percentage of the unpaid principal balance, net of premiums and discounts

4Q 2011 Preliminary Results

19

ALLY FINANCIAL INC.
CREDIT RELATED INFORMATION, CONTINUED

($ in millions)
North American Auto	QUARTERLY TRENDS															CHANGE VS.
Consumer	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10
Allowance balance	$	628		$	724		$	763		$	768		$	813		$	(96	)	$	(185	)
Total consumer loans	$	54,076		$	50,507		$	48,925		$	47,356		$	41,896		$	3,569		$	12,181
Coverage ratio		1.2	%		1.4	%		1.6	%		1.6	%		1.9	%
Commercial
Allowance balance	$	108		$	114		$	134		$	131		$	132		$	(6	)	$	(24	)
Total commercial loans	$	32,475		$	30,395		$	32,994		$	31,615		$	31,229		$	2,081		$	1,247
Coverage ratio		0.3	%		0.4	%		0.4	%		0.4	%		0.4	%
International Auto
Consumer
Allowance balance	$	138		$	127		$	148		$	148		$	156		$	11		$	(18	)
Total consumer loans	$	9,383		$	9,198		$	9,810		$	9,512		$	9,359		$	185		$	23
Coverage ratio		1.5	%		1.4	%		1.5	%		1.6	%		1.7	%
Commercial
Allowance balance	$	44		$	47		$	58		$	58		$	30		$	(2	)	$	14
Total commercial loans	$	4,795		$	4,318		$	4,717		$	4,633		$	4,400		$	477		$	395
Coverage ratio		0.9	%		1.1	%		1.2	%		1.3	%		0.7	%
Mortgage HFI(1)
Consumer
Allowance balance	$	516		$	532		$	558		$	563		$	580		$	(16	)	$	(64	)
Total consumer loans	$	9,993		$	10,269		$	10,412		$	10,568		$	10,748		$	(276	)	$	(755	)
Coverage ratio		5.2	%		5.2	%		5.4	%		5.3	%		5.4	%
Non-performing loans	$	339		$	365		$	398		$	412		$	561		$	(26	)	$	(222	)
Allowance as a % of NPLs		152.1	%		145.7	%		140.0	%		136.6	%		103.4	%
Commercial
Allowance balance	$	16		$	10		$	8		$	18		$	26		$	6		$	(10	)
Total commercial loans	$	1,925		$	1,642		$	1,254		$	913		$	1,660		$	283		$	265
Coverage ratio		0.8	%		0.6	%		0.7	%		1.9	%		1.6	%
Non-performing loans	$	13		$	48		$	67		$	92		$	110		$	(36	)	$	(98	)
Allowance as a % of NPLs		126.1	%		21.0	%		12.3	%		19.2	%		23.4	%

(1) ALLL coverage ratios are based on the allowance for loan losses related to loans held-for-investment excluding those loans held at fair value as a percentage of the unpaid principal balance, net of premiums and discounts

4Q 2011 Preliminary Results

20

ALLY FINANCIAL INC.
CREDIT RELATED INFORMATION, CONTINUED

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Global Auto Delinquencies - Managed Retail Contract Amount(1)	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10
Nuvell delinquent contract $	$	131		$	126		$	149		$	142		$	229		$	5		$	(98	)
Delinquent contract $ (excluding Nuvell)	$	806		$	735		$	722		$	663		$	765		$	71		$	41
% of retail contract $ outstanding		1.47	%		1.43	%		1.48	%		1.42	%		1.94	%
% of retail contract $ outstanding (excluding Nuvell)		1.29	%		1.25	%		1.27	%		1.21	%		1.56	%
Global Auto Annualized Credit Losses - Managed Retail Contract Amount
Nuvell credit losses	$	16		$	17		$	14		$	26		$	36		$	(1	)	$	(20	)
Credit losses (excluding Nuvell)	$	63		$	55		$	46		$	85		$	72		$	8		$	(9	)
% of avg. managed assets		0.51	%		0.48	%		0.41	%		0.83	%		0.88	%
% of avg. managed assets (excluding Nuvell)		0.41	%		0.37	%		0.33	%		0.66	%		0.62	%
North American Auto
Annualized consumer net charge-offs as a % of on-balance sheet assets		0.51	%		0.45	%		0.39	%		0.83	%		0.92	%
Managed retail contracts over 30 days delinquent		1.51	%		1.41	%		1.45	%		1.34	%		2.02	%
Repossessions as a % of average number of managed retail contracts outstanding		1.42	%		1.54	%		1.36	%		1.83	%		2.23	%
Severity of loss per unit serviced - Retail
New	$	7,957		$	7,584		$	7,631		$	7,907		$	8,314		$	1,311		$	(358	)
Used	$	6,129		$	6,144		$	6,260		$	6,322		$	6,920		$	2,502		$	(791	)
Lease residual value (sales proceeds as % of ALG)		127	%		128	%		127	%		122	%		119	%
International Auto
Annualized consumer net charge-offs as a % of on-balance sheet assets		0.46	%		0.60	%		0.50	%		0.80	%		0.72	%
Managed retail contracts over 30 days delinquent		1.24	%		1.57	%		1.64	%		1.81	%		1.56	%
Repossessions as a % of average number of managed retail contracts outstanding		0.48	%		0.51	%		0.64	%		0.68	%		0.59	%

(1) $ Amount of accruing contracts greater than 30 days past due

4Q 2011 Preliminary Results

21

ALLY FINANCIAL INC.
CAPITAL

($ in billions)
	QUARTERLY TRENDS															CHANGE VS.
Cost of Funds	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11		4Q 10
Ally Financial's worldwide cost of borrowing (incl. OID)		3.9	%		4.2	%		4.6	%		5.1	%		5.2	%
Ally Financial's worldwide cost of borrowing (excl. OID)		3.5	%		3.6	%		3.8	%		4.1	%		4.1	%
Capital
Risk-weighted assets	$	154.2		$	149.7		$	151.0		$	150.8		$	148.0		$	4.5	$	6.2
Tier 1 capital ratio		13.7	%		14.3	%		14.6	%		14.7	%		15.0	%
Tier 1 common capital ratio		7.5	%		8.0	%		8.4	%		8.4	%		8.6	%
Total risk-based capital ratio		14.7	%		15.5	%		15.9	%		16.0	%		16.4	%
Tangible common equity / Tangible assets		6.5	%		6.8	%		7.3	%		7.5	%		7.6	%
Tangible common equity / Risk-weighted assets		7.7	%		8.2	%		8.6	%		8.6	%		8.8	%

	QUARTERLY TRENDS															CHANGE VS.
	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10
Shareholders’ equity	$	19.3		$	19.7		$	20.4		$	20.4		$	20.5		$	(0.4	)	$	(1.2	)
less:   Goodwill and certain other intangibles		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Unrealized (gains) losses and other adjustments		(0.3	)		(0.3	)		(0.3	)		(0.3	)		(0.3	)		-			-
add:    Trust preferred securities		2.5			2.5			2.5			2.5			2.5			-			-
Tier 1 capital	$	21.1		$	21.5		$	22.1		$	22.1		$	22.2		$	(0.4	)	$	(1.1	)
Tier 1 capital	$	21.1		$	21.5		$	22.1		$	22.1		$	22.2		$	(0.4	)	$	(1.1	)
less:   Preferred equity		(6.9	)		(6.9	)		(6.9	)		(6.9	)		(7.0	)		-			0.1
Trust preferred securities		(2.5	)		(2.5	)		(2.5	)		(2.5	)		(2.5	)		-			-
Tier 1 common capital(1)	$	11.6		$	12.0		$	12.6		$	12.7		$	12.7		$	(0.4	)	$	(1.1	)
Tier 1 capital	$	21.1		$	21.5		$	22.1		$	22.1		$	22.2		$	(0.4	)	$	(1.1	)
add:    Qualifying subordinated debt and redeemable preferred stock		0.2			0.2			0.2			0.2			0.2			-			-
Allowance for loan and lease losses includible in Tier 2 capital and other adjustments		1.4			1.5			1.6			1.7			1.8			(0.1	)		(0.4	)
Total risk-based capital	$	22.7		$	23.2		$	24.0		$	24.1		$	24.2		$	(0.5	)	$	(1.5	)
Total shareholders' equity	$	19.3		$	19.7		$	20.4		$	20.4		$	20.5		$	(0.4	)	$	(1.2	)
less:   Preferred equity		(6.9	)		(6.9	)		(6.9	)		(6.9	)		(7.0	)		-			0.1
Goodwill and intangible assets		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Tangible common equity(2)	$	11.9		$	12.3		$	13.0		$	12.9		$	13.0		$	(0.4	)	$	(1.1	)
Total assets	$	183.9		$	182.0		$	178.9		$	173.7		$	172.0		$	1.9		$	11.9
less:   Goodwill and intangible assets		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Tangible assets	$	183.4		$	181.4		$	178.4		$	173.2		$	171.5		$	2.0		$	11.9

Note: Numbers may not foot due to rounding

(1) We define Tier 1 common as Tier 1 capital less noncommon elements including qualified perpetual preferred stock qualifying minority interest in subsidiaries, and qualifying trust preferred securities. Ally considers various measures when evaluating capital utilization and adequacy, including the Tier 1 common capital ratio, in addition to capital ratios defined by banking regulators. This calculation is intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. Because GAAP does not include capital ratio measures, Ally believes there are no comparable GAAP financial measures to these ratios. Tier 1 common capital is not formally defined by GAAP or codified in the federal banking regulations and, therefore, is considered to be a non-GAAP financial measure. Ally believes the Tier 1 common capital ratio is important because we believe analysts and banking regulators may assess our capital adequacy using this ratio. Additionally, presentation of this measure allows readers to compare certain aspects of our capital adequacy on the same basis to other companies in the industry

(2) We define tangible common equity as common stockholders’ equity less goodwill and identifiable intangible assets (other than mortgage servicing rights), net of deferred tax liabilities. Ally considers various measures when evaluating capital adequacy, including tangible common equity. Tangible common equity is not formally defined by GAAP or codified in the federal banking regulations and, therefore, is considered to be a non-GAAP financial measure. Ally believes that tangible common equity is important because we believe analysts and banking regulators may assess our capital adequacy using this measure. Additionally, presentation of this measure allows readers to compare certain aspects of our capital adequacy on the same basis to other companies in the industry

4Q 2011 Preliminary Results

22

ALLY FINANCIAL INC.
LIQUIDITY

($ in billions)
	4Q 11					3Q 11					CHANGE
Available Liquidity	Parent(1)		Ally Bank			Parent(1)		Ally Bank			Parent(1)			Ally Bank
Cash and Cash Equivalents	$	8.0	$	3.6		$	10.1	$	4.5		$	(2.2	)	$	(0.8	)
Unencumbered Securities(2)		0.8		6.4			0.4		5.2			0.4			1.1
Current Committed Unused Capacity(3)		10.1		4.9			11.7		6.1			(1.6	)		(1.2	)
Subtotal	$	18.9	$	14.9		$	22.2	$	15.8		$	(3.3	)	$	(0.9	)
Ally Bank Intercompany Loan(4)		4.9		(4.9	)		2.2		(2.2	)		2.7			(2.7	)
Total Current Available Liquidity	$	23.8	$	10.0		$	24.4	$	13.6		$	(0.6	)	$	(3.6	)
Forward Commited Unused Capacity(5)		3.1		-			1.5		-			1.6			-
Total Available Liquidity	$	26.9	$	10.0		$	25.9	$	13.6		$	1.0		$	(3.6	)
Unsecured Long-Term Debt Maturity Profile	2012		2013			2014		2015			2016			2017 and After
Consolidated remaining maturities	$	12.0	$	2.3		$	5.8	$	3.6		$	1.5		$	19.0

(1) Parent defined as Ally Consolidated less Ally Bank, ResCap (not shown) and Insurance (not shown)

(2) Includes UST, Agency debt and Agency MBS

(3) Includes equal allocation of shared unused capacity totaling $2.5 billion in 4Q11, $4.0 billion in 3Q11 and $3.9 billion in 4Q10 which can be used by Ally Bank or the Parent (including a Mexican subsidiary). Parent company figures at September 30, 2011 exclude unused capacity of $2.4 billion from two new Ally Credit Canada facilities that were completed in 3Q11 to refinance existing debt outstanding early in 4Q11

(4) To optimize use of cash and secured facility capacity between entities, Ally Financial lends cash to Ally Bank from time to time under an intercompany loan agreement. Amounts outstanding on this loan are repayable to Ally Financial at any time, subject to 5 days notice

(5) Represents both forward purchase commitments and committed secured facilities which are reliant upon the origination of future receivables, stated capacity represents anticipated facility utilization during the next 12 months

4Q 2011 Preliminary Results

23

ALLY FINANCIAL INC.
DEPOSITS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Key Statistics	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10			3Q 11			4Q 10
Average retail CD maturity (months)		27.2			26.1			25.3			24.1			22.8			1.1			4.4
Average retail deposit rate		1.52	%		1.57	%		1.58	%		1.63	%		1.71	%
CD balances up for renewal	$	1,896		$	1,538		$	2,239		$	1,891		$	2,172		$	358		$	(276	)
CD balances retained(1)		1,746			1,403			1,975			1,632			1,841			343			(95	)
Retention rate		92	%		91	%		88	%		86	%		85	%
Ally Financial Deposits Levels
Ally Bank retail	$	27,685		$	26,254		$	24,562		$	23,469		$	21,817		$	1,431		$	5,868
Ally Bank brokered		9,890			9,911			9,903			9,836			9,992			(21	)		(102	)
ResMor		3,367			3,327			3,359			3,417			3,351			40			16
Other		4,108			4,834			4,438			3,974			3,887			(726	)		221
Total deposits	$	45,050		$	44,326		$	42,262		$	40,696		$	39,048		$	724		$	6,002

(1) Retention includes balances retained in any Ally Bank product

4Q 2011 Preliminary Results

24

ALLY FINANCIAL INC.
ALLY BANK CONSUMER MORTGAGE HFI PORTFOLIO (PERIOD-END)

($ in billions)
	HISTORICAL QUARTERLY TRENDS
Loan Value	4Q 11			3Q 11			2Q 11			1Q 11			4Q 10
Gross Carry Value	$	9.7		$	9.8		$	9.9		$	10.0		$	10.1
Net Carry Value	$	9.3		$	9.3		$	9.4		$	9.5		$	9.5
Estimated Pool Characteristics
% Prime Jumbo (> 1/1/2009)		29.1	%		27.0	%		24.9	%		23.0	%		20.6	%
% Second Lien		13.9	%		14.5	%		14.9	%		15.4	%		15.9	%
% Interest Only		30.3	%		31.5	%		33.2	%		34.9	%		36.5	%
% 30+ Day Delinquent		3.3	%		3.3	%		3.4	%		3.5	%		3.9	%
% Low/No Documentation		16.0	%		16.5	%		17.0	%		17.4	%		18.0	%
% Non-primary Residence		4.0	%		4.0	%		4.1	%		4.3	%		4.4	%
Refreshed FICO		730			730			730			729			729
Wtd. Avg. LTV/CLTV(1)		90.7	%		91.2	%		91.9	%		90.7	%		89.5	%
High Risk Geographies(2)		38.2	%		38.2	%		38.4	%		38.6	%		38.8	%

(1) Updated home values derived using a combination of Appraisals, BPOs, AVMs and MSA level house price indices

(2) Includes CA, FL, MI and AZ

4Q 2011 Preliminary Results

25

ALLY FINANCIAL INC.
MORTGAGE REPURCHASE RESERVES

($ in millions)
Mortgage Repurchase Reserves	4Q 10			1Q 11			2Q 11			3Q 11			4Q 11
Beginning reserve balance	$	1,128		$	830		$	830		$	829		$	829
Repurchase reserve expense		180			26			184			70			44
Loan sales		37			6			5			5			3
Loss experience, net(1)		(515	)		(32	)		(190	)		(75	)		(51	)
Ending reserve balance	$	830		$	830		$	829		$	829		$	825
Outstanding Claims by Counterparty(2) (3)
GSEs	$	170		$	98		$	115		$	96		$	71
Monoline		661			667			874			909			917
Other		88			73			89			85			81
Total	$	919		$	838		$	1,078		$	1,090		$	1,069

											% Vintage
											Breakout of
											Trends
New Claims Trends											(4Q10 - 4Q11)
Pre 2004	$	12	$	7	$	16	$	7	$	7		5	%
2005		14		7		14		4		18		6	%
2006		35		15		222		35		19		32	%
2007		98		24		33		35		22		21	%
2008		31		25		45		43		33		18	%
Post 2008		29		53		52		29		23		18	%
Unspecified		3		2		-		-		-		0	%
Total Claims	$	221	$	133	$	382	$	153	$	122		100	%

(1) Includes settlement amounts

(2) Includes claims that Ally has requested to be rescinded but not yet confirmed by the counterparty

(3) Represents current UPB and requested make-whole for claims and does not represent expected losses

Note: numbers may note foot due to rounding

4Q 2011 Preliminary Results

26

ALLY FINANCIAL INC.
OWNERSHIP

($ in millions)

Common Ownership as of 4Q 11

Other Tier 1 Capital as of 4Q 11

			Liquidation		Book
Series	Owner		Preference		Value
Trust Preferred Securities(1)	Investors	$	2,667	$	2,542
Series F-2 Mandatory Convertible Preferred(1)	U.S. Treasury	$	5,938	$	5,685
Series G Perpetual Preferred	Investors	$	2,577	$	234
Series A Perpetual Preferred	Investors	$	1,022	$	1,021

(1) Includes exercised warrants

4Q 2011 Preliminary Results

27