Ally Financial (ALLY) 8-K Ally Financial Reports Preliminary First Quarter 2013 Financial Results

Exhibit 99.3

FIRST QUARTER 2013
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 Annual Reports 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 the negative of these words, 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 Ally’s current judgment on what the future may hold, and Ally believes 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 Group LLC (“Chrysler”); the profitability and financial condition of GM and Chrysler; resolution of the Residential Capital, LLC and certain of its subsidiaries; 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; 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, 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 and Basel III).

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.

1Q 2013 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
Automotive Finance	9-10
Insurance	11
Mortgage	12
Corporate and Other	13
Credit Related Information	14-16
Supplemental Detail
Capital	17
Liquidity	18
Deposits	19
Ally Bank Consumer Mortgage HFI Portfolio	20
Discontinued Operations	21
Ownership	22

1Q 2013 Preliminary Results 3

ALLY FINANCIAL INC. CONSOLIDATED FINANCIAL HIGHLIGHTS  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Selected Income Statement Data		1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Net financing revenue (ex. OID)	$	697		$	667		$	548		$	553		$	459		$	30		$	239
Total other revenue		386			480			775			714			605			(94	)		(219	)
Total net revenue (ex. OID)		1,083			1,147			1,323			1,267			1,064			(64	)		20
Provision for loan losses		131			93			105			33			98			38			33
Controllable expenses(1)		578			638			552			531			578			(60	)		0
Other noninterest expenses		380			313			293			440			277			67			103
Core pre-tax (loss) income(2)	$	(6	)	$	103		$	373		$	263		$	111		$	(109	)	$	(116	)
Core OID amortization expense(3)		57			56			76			96			108			1			(50	)
Income tax (benefit) expense		(123	)		(887	)		46			(16	)		1			764			(124	)
Income (loss) from discontinued operations		1,033			466			133			(1,081	)		308			567			725
Net income (loss)	$	1,093		$	1,400		$	384		$	(898	)	$	310		$	(307	)	$	783
Selected Balance Sheet Data (Period-End)
Total assets	$	166,199		$	182,347		$	182,482		$	178,560		$	186,350		$	(16,148	)	$	(20,151	)
Consumer loans		64,686			63,536			80,634			77,959			78,004			1,150			(13,318	)
Commercial loans(4)		34,437			35,519			40,625			41,954			41,814			(1,082	)		(7,377	)
Assets of discontinued operations held-for-sale		19,063			32,176			375			383			1,008			(13,113	)		18,055
Allowance for loan losses		(1,197	)		(1,170	)		(1,423	)		(1,427	)		(1,546	)		(27	)		349
Deposits		50,326			47,915			49,872			47,992			47,206			2,411			3,120
Common equity(5)		13,534			12,958			11,734			11,332			12,636			576			898
Total equity		20,474			19,898			18,674			18,272			19,576			576			898
Select Financial Ratios
Net interest margin(6)		2.1	%		1.9	%		1.6	%		1.7	%		1.5	%
Return on average total equity (annualized)		21.7	%		29.6	%		8.3	%		-18.9	%		6.4	%
Return on average assets (annualized)		2.5	%		3.1	%		0.8	%		-1.9	%		0.7	%
Capital Ratios
Tier 1 capital ratio		14.6	%		13.1	%		13.6	%		13.6	%		13.4	%
Tier 1 common capital ratio(7)		7.9	%		7.0	%		7.3	%		7.2	%		7.5	%
Total risk-based capital ratio		15.6	%		14.1	%		14.6	%		14.6	%		14.5	%

(1)	Includes employee related costs, consulting and legal fees, marketing, information technology, facility, portfolio servicing and restructuring expenses
(2)	Core pre-tax income (loss) 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)	Core OID excludes IO and 2010 issuances
(4)	Includes notes receivable from General Motors
(5)	Includes common stock and paid-in capital, accumulated deficit and accumulated other comprehensive income
(6)	Continuing operations only. Excludes OID amortization expense.
(7)	Tier 1 common capital ratio is a non-GAAP measurement. Refer to page 17 for additional details

1Q 2013 Preliminary Results 4

ALLY FINANCIAL INC. CONSOLIDATED INCOME STATEMENT  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Financing revenue and other interest income
Interest and fees on finance receivables and loans(1)	$	1,135		$	1,165		$	1,141		$	1,140		$	1,093		$	(30	)	$	42
Interest on loans held-for-sale		16			24			23			20			31			(8	)		(15	)
Interest on trading securities		-			-			-			1			9			-			(9	)
Interest and dividends on available-for-sale investment securities		68			77			64			77			74			(9	)		(6	)
Interest-bearing cash		3			5			8			9			2			(2	)		1
Operating leases		734			680			631			561			507			54			227
Total financing revenue and other interest income		1,956			1,951			1,867			1,808			1,716			5			240
Interest expense
Interest on deposits		164			164			158			160			163			-			1
Interest on short-term borrowings		16			15			20			19			17			1			(1	)
Interest on long-term debt		701			768			851			837			880			(67	)		(179	)
Total interest expense		881			947			1,029			1,016			1,060			(66	)		(179	)
Depreciation expense on operating lease assets		435			393			366			335			305			42			130
Net financing revenue		640			611			472			457			351			29			289
Other revenue
Servicing fees		82			83			91			113			122			(1	)		(40	)
Servicing asset valuation and hedge activities, net		(201	)		(78	)		134			46			(106	)		(123	)		(95	)
Total servicing income, net		(119	)		5			225			159			16			(124	)		(135	)
Insurance premiums and service revenue earned		259			262			262			261			270			(3	)		(11	)
Gain on mortgage and automotive loans, net		38			131			142			86			20			(93	)		18
Loss on extinguishment of debt		-			(148	)		-			-			-			148			-
Other gain on investments, net		51			16			(23	)		64			89			35			(38	)
Other income, net of losses		157			214			169			144			210			(57	)		(53	)
Total other revenue		386			480			775			714			605			(94	)		(219	)
Total net revenue		1,026			1,091			1,247			1,171			956			(65	)		70
Provision for loan losses		131			93			105			33			98			38			33
Noninterest expense
Compensation and benefits expense		285			276			257			270			303			9			(18	)
Insurance losses and loss adjustment expenses		115			117			90			149			98			(2	)		17
Other operating expenses		558			558			498			552			454			-			104
Total noninterest expense		958			951			845			971			855			7			103
(Loss) income from continuing operations before income tax expense		(63	)		47			297			167			3			(110	)		(66	)
Income tax (benefit) expense from continuing operations		(123	)		(887	)		46			(16	)		1			764			(124	)
Net income (loss) from continuing operations		60			934			251			183			2			(874	)		58
Income (loss) from discontinued operations, net of tax		1,033			466			133			(1,081	)		308			567			725
Net income (loss)	$	1,093		$	1,400		$	384		$	(898	)	$	310		$	(307	)	$	783

(1) Includes other interest income, net 

1Q 2013 Preliminary Results 5

ALLY FINANCIAL INC. CONSOLIDATED PERIOD-END BALANCE SHEET  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Assets	3/31/2013			12/31/2012			9/30/2012			6/30/2012			3/31/2012			12/31/2012			3/31/2012
Cash and cash equivalents
Noninterest-bearing	$	1,043		$	1,073		$	1,305		$	2,106		$	2,279		$	(30	)	$	(1,236	)
Interest-bearing		6,394			6,440			15,852			14,020			10,800			(46	)		(4,406	)
Total cash and cash equivalents		7,437			7,513			17,157			16,126			13,079			(76	)		(5,642	)
Trading assets		-			-			-			-			895			-			(895	)
Investment securities		15,752			14,178			13,770			13,366			14,942			1,574			810
Loans held-for-sale, net		718			2,576			1,937			2,000			6,670			(1,858	)		(5,952	)
Finance receivables and loans, net
Finance receivables and loans, net		99,123			99,055			121,259			119,913			119,818			68			(20,695	)
Allowance for loan losses		(1,197	)		(1,170	)		(1,423	)		(1,427	)		(1,546	)		(27	)		349
Total finance receivables and loans, net		97,926			97,885			119,836			118,486			118,272			41			(20,346	)
Investment in operating leases, net		14,828			13,550			12,708			11,197			10,048			1,278			4,780
Mortgage servicing rights		917			952			902			1,105			2,595			(35	)		(1,678	)
Premiums receivables and other insurance assets		1,608			1,609			1,861			1,887			1,876			(1	)		(268	)
Other assets		7,950			11,908			13,936			14,010			16,965			(3,958	)		(9,015	)
Assets of operations held-for-sale		19,063			32,176			375			383			1,008			(13,113	)		18,055
Total assets	$	166,199		$	182,347		$	182,482		$	178,560		$	186,350		$	(16,148	)	$	(20,151	)
Liabilities
Deposit liabilities
Noninterest-bearing	$	844		$	1,977		$	2,487		$	2,411		$	2,314		$	(1,133	)	$	(1,470	)
Interest-bearing		49,482			45,938			47,385			45,581			44,892			3,544			4,590
Total deposit liabilities		50,326			47,915			49,872			47,992			47,206			2,411			3,120
Short-term borrowings		7,618			7,461			5,877			6,010			7,203			157			415
Long-term debt		67,621			74,561			93,119			91,187			94,081			(6,940	)		(26,460	)
Interest payable		972			932			1,590			1,552			1,675			40			(703	)
Unearned insurance premiums and service revenue		2,286			2,296			2,693			2,631			2,632			(10	)		(346	)
Accrued expense and other liabilities		3,669			6,585			10,403			10,675			13,654			(2,916	)		(9,985	)
Liabilities of operations held-for-sale		13,233			22,699			254			241			323			(9,466	)		12,910
Total liabilities	$	145,725		$	162,449		$	163,808		$	160,288		$	166,774		$	(16,724	)	$	(21,049	)
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			1,255			-			-
Accumulated deficit		(6,128	)		(7,021	)		(8,220	)		(8,404	)		(7,306	)		893			1,178
Accumulated other comprehensive income		(6	)		311			286			68			274			(317	)		(280	)
Total equity		20,474			19,898			18,674			18,272			19,576			576			898
Total liabilities and equity	$	166,199		$	182,347		$	182,482		$	178,560		$	186,350		$	(16,148	)	$	(20,151	)

1Q 2013 Preliminary Results 6

ALLY FINANCIAL INC. CONSOLIDATED AVERAGE BALANCE SHEET⁽¹⁾⁽²⁾  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Assets	3/31/2013			12/31/2012			9/30/2012			6/30/2012			3/31/2012			12/31/2012			3/31/2012
Interest-bearing cash and cash equivalents	$	6,565		$	8,970		$	13,517		$	11,130		$	8,724		$	(2,405	)	$	(2,159	)
Trading assets		-			-			-			98			958			-			(958	)
Investment securities		13,921			13,051			11,414			12,124			12,633			870			1,288
Loans held-for-sale, net		2,027			2,899			2,731			2,179			3,463			(872	)		(1,436	)
Total finance receivables and loans, net(3)		98,595			98,029			95,180			95,423			90,444			566			8,151
Investment in operating leases, net		14,205			13,125			11,810			10,422			9,345			1,080			4,860
Total interest earning assets		135,313			136,074			134,652			131,376			125,568			(761	)		9,745
Noninterest-bearing cash and cash equivalents		1,967			1,623			1,489			2,337			1,682			344			285
Other assets(4)		38,257			46,981			47,498			52,119			58,516			(8,724	)		(20,259	)
Allowance for loan losses		(1,172	)		(1,189	)		(1,211	)		(1,250	)		(1,274	)		17			102
Total assets	$	174,365		$	183,490		$	182,428		$	184,582		$	184,492		$	(9,125	)	$	(10,127	)
Liabilities
Interest-bearing deposit liabilities	$	47,985		$	44,296		$	42,470		$	41,583		$	41,128		$	3,689		$	6,857
Short-term borrowings		4,585			4,259			3,390			3,718			3,436			326			1,149
Long-term debt(5)		71,957			78,202			78,130			78,053			72,719			(6,245	)		(762	)
Total interest-bearing liabilities(5)		124,527			126,757			123,990			123,354			117,283			(2,230	)		7,244
Noninterest-bearing deposit liabilities		1,579			2,228			2,503			2,279			2,142			(649	)		(563	)
Other liabilities(4)		28,087			35,567			37,416			39,991			45,588			(7,480	)		(17,501	)
Total liabilities	$	154,193		$	164,552		$	163,909		$	165,624		$	165,012		$	(10,359	)	$	(10,819	)
Equity
Total equity	$	20,172		$	18,937		$	18,519		$	18,958		$	19,480		$	1,235		$	692
Total liabilities and equity	$	174,365		$	183,490		$	182,428		$	184,582		$	184,492		$	(9,125	)	$	(10,127	)

(1)	Average balances are calculated using a combination of monthly and daily average methodologies
(2)	Prior periods exclude ResCap
(3)	Nonperforming finance receivables and loans are included in the average balances net of unearned income, unamortized premiums and discounts, and deferred fees and costs
(4)	Includes discontinued operations
(5)	QTD: Average balance includes $1,753 million and $2,062 million related to original issue discount at March 31, 2013 and 2012, respectively.  Interest expense includes original issue discount amortization of $57 million and $108 million as of March 31, 2013 and 2012, respectively

1Q 2013 Preliminary Results 7

ALLY FINANCIAL INC. SEGMENT HIGHLIGHTS  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
		1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Automotive Finance	$	343		$	371		$	337		$	440		$	241		$	(28	)	$	102
Insurance		61			27			13			20			100			34			(39	)
Dealer Financial Services		404			398			350			460			341			6			63
Mortgage		(204	)		99			331			102			63			(303	)		(267	)
Corporate and Other (ex. OID)(1)		(206	)		(394	)		(308	)		(299	)		(293	)		188			88
Core pre-tax (loss) income(2)	$	(6	)	$	103		$	373		$	263		$	111		$	(109	)	$	(116	)
Core OID amortization expense		57			56			76			96			108			1			(50	)
Income tax (benefit) expense		(123	)		(887	)		46			(16	)		1			764			(124	)
Income (loss) from discontinued operations		1,033			466			133			(1,081	)		308			567			725
Net income (loss)	$	1,093		$	1,400		$	384		$	(898	)	$	310		$	(307	)	$	783

(1)

Corporate and Other primarily consists of Ally’s centralized treasury activities, the residual impacts of the company’s corporate funds transfer pricing and asset liability management activities, and the amortization of the discount associated with new debt issuances and bond exchanges. Corporate and Other also includes the Commercial Finance business, certain equity investments and reclassifications, eliminations between the reportable operating segments, and overhead previously allocated to operations that have since been sold or discontinued.

(2)

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

1Q 2013 Preliminary Results 8

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - CONDENSED FINANCIAL STATEMENTS  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Net financing revenue
Consumer	$	729		$	739		$	719		$	708		$	661		$	(10	)	$	68
Commercial(1)		281			294			283			290			285			(13	)		(4	)
Loans held-for-sale		-			-			4			6			5			-			(5	)
Operating leases		734			680			631			561			507			54			227
Other interest income		7			10			12			15			15			(3	)		(8	)
Total financing revenue and other interest income		1,751			1,723			1,649			1,580			1,473			28			278
Interest expense		543			554			555			552			538			(11	)		5
Depreciation expense on operating lease assets		435			393			366			335			305			42			130
Net financing revenue		773			776			728			693			630			(3	)		143
Other revenue
Servicing fees		19			23			26			30			30			(4	)		(11	)
Gain on automotive loans, net		-			-			2			39			-			-			-
Other income		63			35			47			43			47			28			16
Total other revenue		82			58			75			112			77			24			5
Total net revenue		855			834			803			805			707			21			148
Provision for loan losses		112			59			101			15			78			53			34
Noninterest expense
Compensation and benefits		113			112			99			97			108			1			5
Other operating expenses		287			292			266			253			280			(5	)		7
Total noninterest expense		400			404			365			350			388			(4	)		12
Income before income tax expense	$	343		$	371		$	337		$	440		$	241		$	(28	)	$	102
Balance Sheet (Period-End)
Cash, trading and investment securities	$	10		$	10		$	30		$	22		$	22		$	-		$	(12	)
Loans held-for-sale		-			-			-			623			623			-			(623	)
Finance receivables and loans, net:
Consumer loans		55,014			53,715			70,847			68,136			67,214			1,299			(12,200	)
Commercial loans(2)		31,944			32,894			37,437			38,424			39,224			(950	)		(7,280	)
Allowance for loan losses		(698	)		(670	)		(929	)		(906	)		(976	)		(28	)		278
Total finance receivables and loans, net	$	86,260		$	85,939		$	107,355		$	105,654		$	105,462		$	321		$	(19,202	)
Investment in operating leases, net		14,828			13,550			12,708			11,197			10,048			1,278			4,780
Other assets		1,165			1,389			3,079			2,941			2,839			(224	)		(1,674	)
Assets of operations held-for-sale		16,619			27,523			80			86			87			(10,904	)		16,532
Total assets	$	118,882		$	128,411		$	123,252		$	120,523		$	119,081		$	(9,529	)	$	(199	)

(1) Includes intercompany activity

(2) Includes notes receivable from General Motors and intercompany

1Q 2013 Preliminary Results 9

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - KEY STATISTICS  

	QUARTERLY TRENDS															CHANGE VS.
U.S. Market	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
SAAR (units in millions)		15.3			15.0			14.5			14.0			14.5			0.2			0.8
Industry light vehicle sales(units in millions)		3.7			3.6			3.6			3.8			3.5			0.1			0.2
GM market share		18.1	%		17.6	%		18.0	%		18.7	%		17.6	%
Chrysler market share		11.7	%		11.2	%		11.5	%		11.5	%		11.5	%
U.S. Consumer Originations(1)($ in billions)
GM new retail subvented	$	1.3		$	1.4		$	0.9		$	1.9		$	1.7		$	(0.1	)	$	(0.5	)
GM new retail standard		1.5			1.5			1.6			1.5			1.6			(0.0	)		(0.1	)
Chrysler new retail subvented		0.2			0.3			0.5			0.7			0.5			(0.0	)		(0.3	)
Chrysler new retail standard		1.0			1.1			1.1			1.1			1.1			(0.0	)		(0.0	)
Diversified new		0.5			0.5			0.6			0.6			0.5			0.1			(0.0	)
Lease		2.7			2.1			2.6			2.1			1.6			0.6			1.1
Used		2.5			2.1			2.3			2.6			2.6			0.4			(0.2	)
Total originations	$	9.7		$	8.9		$	9.6		$	10.5		$	9.7		$	0.8		$	0.0
U.S. Consumer Penetration(2)
GM		30.6	%		28.4	%		29.0	%		31.6	%		30.7	%
Chrysler		23.6	%		22.0	%		25.4	%		28.4	%		28.0	%
U.S. Commercial Outstandings EOP($ in billions)
Floorplan outstandings	$	28.5		$	29.5		$	26.8		$	27.3		$	27.5		$	(1.0	)	$	1.0
Other dealer loans		3.4			3.3			3.2			3.1			3.0			0.1			0.4
Total Commercial outstandings	$	31.9		$	32.8		$	29.9		$	30.4		$	30.5		$	(0.9	)	$	1.3
U.S. Floorplan Penetration(2)
GM penetration		68.6	%		69.2	%		70.3	%		71.2	%		72.2	%
Chrysler penetration		53.9	%		54.9	%		56.5	%		60.5	%		62.0	%
U.S. Off-Lease Remarketing(3)
Sales proceeds on scheduled lease terminations (36-month) per vehicle - On-balance sheet	$	16,306		$	17,122			NM			NM			NM		$	(816	)		NM
Off-lease vehicles terminated - On-balance sheet(# in units)		31,924			19,789			15,502			12,846			15,180			12,135			16,744

(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)	Penetration rates are based on the trailing four month average
(3)	U.S. off-lease remarketing sales proceeds for 36 month leases are not meaningful (NM)  in certain prior periods as originations of this lease type were immaterial in 1Q 09, 2Q 09, 3Q 09 & 4Q 09

1Q 2013 Preliminary Results 10

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

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Insurance premiums and other income
Insurance premiums and service revenue earned	$	259		$	262		$	262		$	261		$	270		$	(3	)	$	(11	)
Investment income		58			34			(21	)		38			73			24			(15	)
Other income		3			5			6			17			7			(2	)		(4	)
Total insurance premiums and other income		320			301			247			316			350			19			(30	)
Expense
Insurance losses and loss adjustment expenses		115			117			90			149			98			(2	)		17
Acquisition and underwriting expenses
Compensation and benefit expense		15			16			13			15			17			(1	)		(2	)
Insurance commission expense		92			96			93			94			99			(4	)		(7	)
Other expense		37			45			38			38			36			(8	)		1
Total acquisition and underwriting expense		144			157			144			147			152			(13	)		(8	)
Total expense		259			274			234			296			250			(15	)		9
Income from cont. ops before income tax expense	$	61		$	27		$	13		$	20		$	100		$	34		$	(39	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	5,510		$	5,144		$	5,670		$	5,489		$	5,587		$	366		$	(77	)
Finance receivables and loans, net		5			5			5			5			5			-			-
Premiums receivable and other insurance assets		1,617			1,619			2,004			2,019			2,010			(2	)		(393	)
Other assets		240			513			462			412			433			(273	)		(193	)
Assets of operations held-for-sale		959			1,158			320			312			359			(199	)		600
Total assets	$	8,331		$	8,439		$	8,461		$	8,237		$	8,394		$	(108	)	$	(63	)
Key Statistics (Continuing Operations)
Written Premiums
Dealer Products & Services	$	233		$	239		$	285		$	283		$	250		$	(6	)	$	(17	)
Corporate		1			1			1			1			1			(0	)		(0	)
Total written premiums and revenue	$	234		$	240		$	286		$	284		$	251		$	(6	)	$	(17	)
Loss ratio		44.1	%		44.8	%		34.1	%		54.8	%		35.8	%
Underwriting expense ratio		55.5	%		59.3	%		54.6	%		54.2	%		55.6	%
Combined ratio		99.7	%		104.1	%		88.7	%		109.0	%		91.4	%

1Q 2013 Preliminary Results 11

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

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Net financing revenue
Total financing revenue and other interest income	$	122		$	146		$	159		$	146		$	166		$	(24	)	$	(44	)
Interest expense		88			108			114			117			129			(20	)		(41	)
Net financing revenue		34			38			45			29			37			(4	)		(3	)
Servicing fees		63			60			65			83			92			3			(29	)
Servicing asset valuation and hedge activities, net		(201	)		(78	)		134			46			(106	)		(123	)		(95	)
Total servicing income, net		(138	)		(18	)		199			129			(14	)		(120	)		(124	)
Gain on mortgage loans, net		38			131			140			79			25			(93	)		13
Other income, net of losses		81			143			107			112			126			(62	)		(45	)
Total other revenue		(19	)		256			446			320			137			(275	)		(156	)
Total net revenue		15			294			491			349			174			(279	)		(159	)
Provision for loan losses		20			33			5			21			27			(13	)		(7	)
Noninterest expense
Compensation and benefits expense		25			29			25			23			19			(4	)		6
Representation and warranty expense		83			(0	)		30			141			-			84			83
Other operating expense		91			133			100			62			65			(43	)		26
Total noninterest expense		199			162			155			226			84			37			115
Loss (income) from cont. ops before income tax expense	$	(204	)	$	99		$	331		$	102		$	63		$	(303	)	$	(267	)
Balance Sheet (Period-End)(1)
Cash, trading and investment securities	$	-		$	-		$	-		$	-		$	685		$	-		$	(685	)
Loans held-for-sale		701			2,490			1,927			1,377			6,047			(1,789	)		(5,346	)
Finance receivables and loans, net:
Consumer loans		9,672			9,821			9,787			9,823			10,790			(149	)		(1,118	)
Commercial loans		-			-			686			1,146			1,418			-			(1,418	)
Allowance for loan losses		(451	)		(452	)		(447	)		(473	)		(518	)		1			67
Total finance receivables and loans, net	$	9,221		$	9,369		$	10,026		$	10,496		$	11,690		$	(148	)	$	(2,469	)
Mortgage servicing rights		917			952			902			1,105			2,595			(35	)		(1,678	)
Other assets(2)		445			1,933			4,149			4,168			9,062			(1,488	)		(8,617	)
Total assets	$	11,284		$	14,744		$	17,004		$	17,146		$	30,079		$	(3,460	)	$	(18,795	)
Key Statistics($ in billions)
Mortgage loan production(3)
Prime conforming	$	5.6		$	9.1		$	7.3		$	4.8		$	6.5		$	(3.5	)	$	(1.0	)
Prime non-conforming		0.5			0.6			0.5			0.6			0.5			(0.1	)		0.0
Government		0.0			0.1			0.3			0.5			1.5			(0.0	)		(1.4	)
Total mortgage loan production	$	6.1		$	9.8		$	8.2		$	5.9		$	8.5		$	(3.6	)	$	(2.4	)

(1)	Mortgage balance sheet includes ResCap results prior to the May 14, 2012 deconsolidation
(2)	Includes derivative assets which are reflected on a gross basis on the balance sheet, assets of discontinued operations held-for-sale and other assets
(3)	Excludes ResCap

1Q 2013 Preliminary Results 12

ALLY FINANCIAL INC. CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS  

($ in millions)
Includes CFG	QUARTERLY TRENDS															CHANGE VS.
Income Statement	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Net financing loss
Total financing revenue and other interest income	$	53		$	42		$	26		$	45		$	44		$	11		$	9
Interest expense
Core original issue discount amortization		57			56			76			96			108			1			(50	)
Other interest expense		175			211			265			230			264			(36	)		(90	)
Total interest expense		232			267			341			326			372			(35	)		(140	)
Net financing loss		(179	)		(225	)		(315	)		(281	)		(328	)		46			149
Other revenue
Loss on extinguishment of debt		-			(148	)		-			-			-			148			-
Other gain on investments, net		3			2			7			36			24			1			(21	)
Other income, net of losses (1)		12			33			14			(54	)		29			(21	)		(17	)
Total other revenue (expense)		15			(113	)		21			(18	)		53			128			(38	)
Total net expense		(164	)		(338	)		(294	)		(299	)		(275	)		174			111
Provision for loan losses		(1	)		1			(1	)		(3	)		(7	)		(2	)		6
Noninterest expense
Compensation and benefits expense		132			119			120			135			159			13			(27	)
Other operating expense(2)		(32	)		(8	)		(29	)		(36	)		(26	)		(24	)		(6	)
Total noninterest expense		100			111			91			99			133			(11	)		(33	)
Loss from cont. ops before income tax expense	$	(263	)	$	(450	)	$	(384	)	$	(395	)	$	(401	)	$	187		$	138
Balance Sheet (Period-End)
Cash, trading and investment securities	$	17,669		$	16,537		$	25,227		$	23,981		$	22,622		$	1,132		$	(4,953	)
Loans held-for-sale		17			86			10			-			-			(69	)		17
Finance receivables and loans, net
Consumer loans		-			-			-			-			-			-			-
Commercial loans(3)		2,488			2,620			2,497			2,379			1,167			(132	)		1,321
Allowance for loan losses		(48	)		(48	)		(47	)		(48	)		(52	)		-			4
Total finance receivables and loans, net		2,440			2,572			2,450			2,331			1,115			(132	)		1,325
Other assets		6,091			8,063			6,103			6,357			5,060			(1,972	)		1,031
Assets of operations held-for-sale		1,485			3,495			(25	)		(15	)		(1	)		(2,010	)		1,486
Total assets	$	27,702		$	30,753		$	33,765		$	32,654		$	28,796		$	(3,051	)	$	(1,094	)
OID Amortization Schedule (4)					2013			2014			2015 and After
Remaining Core OID Amortization (as of 3/31/2013)				$	192		$	176			Avg = $52/yr

(1)	Includes gain/(loss) on mortgage and automotive loans
(2)	Includes reductions of $193 million for March 31, 2013, $210 million for December 31, 2012, $202 million for September 30, 2012, $195 million for June 30, 2012 and $207 million for March 31, 2012 related to the allocation of corporate overhead expenses to other segments. The receiving segments record their allocation of corporate overhead expense within other operating expense. 2Q12 other operating expense includes the $1,192 million charge taken for ResCap actions
(3)	Includes Intercompany
(4)	Primarily represents bond exchange OID amortization expense used for calculating core pre-tax income

1Q 2013 Preliminary Results 13

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Asset Quality - Consolidated(1)	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Ending loan balance(2)	$	99,123		$	99,055		$	121,259		$	119,913		$	118,986		$	67		$	(19,864	)
30+ Accruing DPD	$	930		$	1,145		$	1,051		$	932		$	802		$	(215	)	$	128
30+ Accruing DPD %		0.9	%		1.2	%		0.9	%		0.8	%		0.7	%
Non-performing loans (NPLs)	$	938		$	858		$	1,130		$	995		$	845		$	80		$	93
Net charge-offs (NCOs)	$	114		$	154		$	125		$	88		$	107		$	(40	)	$	7
Net charge-off rate(3)		0.5	%		0.5	%		0.4	%		0.3	%		0.4	%
Provision for loan losses	$	131		$	93		$	105		$	33		$	98		$	38		$	33
Allowance for loan losses (ALLL)	$	1,197		$	1,170		$	1,423		$	1,427		$	1,546		$	26		$	(349	)
ALLL as % of Loans(4)		1.2	%		1.2	%		1.2	%		1.2	%		1.3	%
ALLL as % of NPLs(4)		127.6	%		136.3	%		125.9	%		143.4	%		182.9	%
ALLL as % of NCOs(4)		263.2	%		190.0	%		285.3	%		405.2	%		361.2	%

(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)	1Q 12 ending loan balance excludes FAS 159 and FAS 140
(3)	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
(4)	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

1Q 2013 Preliminary Results 14

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION, CONTINUED  

($ in millions)
CONTINUING OPERATIONS
Automotive Finance(1)	QUARTERLY TRENDS															CHANGE VS.
Consumer	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Allowance for loan losses	$	598		$	575		$	618		$	589		$	628		$	23		$	(29	)
Total consumer loans	$	55,013		$	53,713		$	52,434		$	50,697		$	49,444		$	1,299		$	5,569
Coverage ratio		1.1	%		1.1	%		1.2	%		1.2	%		1.3	%
Commercial
Allowance for loan losses	$	99		$	95		$	95		$	94		$	95		$	5		$	4
Total commercial loans	$	31,875		$	32,822		$	29,935		$	30,413		$	30,534		$	(947	)	$	1,341
Coverage ratio		0.3	%		0.3	%		0.3	%		0.3	%		0.3	%
Mortgage(1)
Consumer
Allowance for loan losses	$	451		$	452		$	447		$	472		$	489		$	(0	)	$	(38	)
Total consumer loans	$	9,672		$	9,821		$	9,787		$	9,823		$	9,794		$	(148	)	$	(121	)
Coverage ratio		4.7	%		4.6	%		4.6	%		4.8	%		5.0	%
Corporate and Other (1)(2)
Allowance for loan losses	$	48		$	48		$	47		$	48		$	52		$	(1	)	$	(5	)
Total commercial loans	$	2,562		$	2,697		$	2,591		$	2,470		$	1,294		$	(135	)	$	1,268
Coverage ratio		1.9	%		1.8	%		1.8	%		1.9	%		4.0	%

(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. Represents domestic allowance for loan losses only
(2)	Includes Insurance

1Q 2013 Preliminary Results 15

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION, CONTINUED  

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
U.S. Auto Delinquencies - HFI Retail Contract Amount(1)	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Delinquent contract $	$	843		$	1,073		$	836		$	689		$	543		$	(230	)	$	301
% of retail contract $ outstanding		1.53	%		2.00	%		1.59	%		1.36	%		1.10	%
U.S. Auto Annualized Credit Losses - HFI Retail Contract Amount
Credit losses	$	93		$	100		$	70		$	43		$	54		$	(7	)	$	40
% of avg. HFI assets		0.69	%		0.76	%		0.54	%		0.34	%		0.45	%
U.S. Automotive Finance
Repossessions as a % of average number of managed retail contracts outstanding		1.64	%		1.55	%		1.39	%		1.14	%		1.43	%
Severity of loss per unit serviced - Retail
New	$	7,378		$	6,986		$	6,357		$	5,314		$	5,341		$	392		$	2,037
Used	$	6,100		$	6,459		$	5,709		$	4,683		$	4,834		$	(360	)	$	1,265

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

1Q 2013 Preliminary Results 16

ALLY FINANCIAL INC. CAPITAL  

($ in billions)
	QUARTERLY TRENDS															CHANGE VS.
Cost of Funds	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Ally Financial's cost of borrowing (incl. OID)		2.8	%		2.9	%		3.2	%		3.3	%		3.6	%
Ally Financial's cost of borrowing (excl. OID)		2.6	%		2.7	%		3.0	%		2.9	%		3.2	%
Capital
Risk-weighted assets	$	141.6		$	154.0		$	150.3		$	147.9		$	158.5		$	(12.4	)	$	(16.9	)
Tier 1 capital ratio		14.6	%		13.1	%		13.6	%		13.6	%		13.4	%
Tier 1 common capital ratio		7.9	%		7.0	%		7.3	%		7.2	%		7.5	%
Total risk-based capital ratio		15.6	%		14.1	%		14.6	%		14.6	%		14.5	%
Tangible common equity / Tangible assets		7.9	%		6.9	%		6.2	%		6.1	%		6.5	%
Tangible common equity / Risk-weighted assets		9.2	%		8.1	%		7.5	%		7.3	%		7.7	%
Shareholders’ equity	$	20.5		$	19.9		$	18.7		$	18.3		$	19.6		$	0.6		$	0.9
less:  Goodwill and certain other intangibles		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Unrealized (gains) losses and other adjustments		(1.9	)		(1.7	)		(0.3	)		(0.2	)		(0.3	)		(0.2	)		(1.6	)
add:   Trust preferred securities		2.5			2.5			2.5			2.5			2.5			-			-
Tier 1 capital	$	20.7		$	20.2		$	20.4		$	20.1		$	21.3		$	0.5		$	(0.6	)
Tier 1 capital	$	20.7		$	20.2		$	20.4		$	20.1		$	21.3		$	0.5		$	(0.6	)
less:   Preferred equity		(6.9	)		(6.9	)		(6.9	)		(6.9	)		(6.9	)		-			-
Trust preferred securities		(2.5	)		(2.5	)		(2.5	)		(2.5	)		(2.5	)		-			-
Tier 1 common capital(1)	$	11.2		$	10.7		$	10.9		$	10.7		$	11.8		$	0.5		$	(0.6	)
Tier 1 capital	$	20.7		$	20.2		$	20.4		$	20.1		$	21.3		$	0.5		$	(0.6	)
add:  Qualifying subordinated debt and redeemable preferred stock		0.3			0.3			0.2			0.2			0.2			-			0.1
Allowance for loan and lease losses includible in Tier 2 capital and other adjustments		1.2			1.2			1.2			1.3			1.4			-			(0.2	)
Total risk-based capital	$	22.1		$	21.7		$	21.9		$	21.6		$	22.9		$	0.4		$	(0.8	)
Total shareholders' equity	$	20.5		$	19.9		$	18.7		$	18.3		$	19.6		$	0.6		$	0.9
less:   Preferred equity		(6.9	)		(6.9	)		(6.9	)		(6.9	)		(6.9	)		-			-
Goodwill and intangible assets		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Tangible common equity(2)	$	13.0		$	12.5		$	11.3		$	10.8		$	12.1		$	0.5		$	0.9
Total assets	$	166.2		$	182.3		$	182.5		$	178.6		$	186.4		$	(16.1	)	$	(20.2	)
less:  Goodwill and intangible assets		(0.5	)		(0.5	)		(0.5	)		(0.5	)		(0.5	)		-			-
Tangible assets	$	165.7		$	181.9		$	182.0		$	178.1		$	185.9		$	(16.2	)	$	(20.2	)

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 equity 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 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 the Tier 1 common equity 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.

1Q 2013 Preliminary Results 17

ALLY FINANCIAL INC. LIQUIDITY  

($ in billions)
	3/31/2013					12/31/2012					3/31/2012
Available Liquidity	Parent(1)		Ally Bank			Parent(1)		Ally Bank			Parent(1)		Ally Bank
Cash and cash equivalents	$3.5		$3.1			$4.2		$2.7			$6.8		$4.4
Highly liquid securities(2)		0.9		6.2			0.9		5.9			0.2		5.4
Current committed unused capacity(3)		11.3		3.3			7.2		6.2			12.0		6.7
Subtotal	$	15.7	$	12.6		$	12.3	$	14.8		$	19.0	$	16.5
Ally Bank intercompany loan(4)		2.2		(2.2	)		1.6		(1.6	)		3.0		(3.0	)
Total Current Available Liquidity	$	17.9	$	10.4		$	13.9	$	13.2		$	22.0	$	13.5
Forward commited unused capacity (5)		1.6		-			1.7		-			2.5		-
Total Available Liquidity	$	19.5	$	10.4		$	15.6	$	13.2		$	24.5	$	13.5
Unsecured Long-Term Debt Maturity Profile		2013		2014			2015		2016			2017		2018 and After
Consolidated remaining maturities(6)	$	1.0	$	5.6		$	5.1	$	2.0		$	3.7	$	16.7

(1)	Parent company liquidity is defined as our consolidated operations less Ally Bank and the subsidiaries of Ally Insurance Holding Company
(2)	Includes UST, Agency debt and Agency MBS
(3)	Includes equal allocation of shared unused capacity totaling $3.0 billion in 1Q13, $3.0 billion in 4Q12 and $3.8 billion in 1Q12, which can be used by Ally Bank or the Parent
(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 a 5 days notice
(5)	Represents capacity from certain forward purchase commitments and committed secured facilities that are generally reliant upon the origination of future automotive receivables over the next 12 months
(6)	Excludes OID amortization

1Q 2013 Preliminary Results 18

ALLY FINANCIAL INC. DEPOSITS  

($ in millions)
				QUARTERLY TRENDS												CHANGE VS.
Key Statistics	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12			4Q 12			1Q 12
Average retail CD maturity (months)		29.9			29.5			29.1			28.8			28.2			0.4			1.7
Average retail deposit rate		1.29	%		1.34	%		1.36	%		1.41	%		1.46	%
CD balances up for renewal	$	3,105		$	2,595		$	2,495		$	3,345		$	2,911		$	510		$	194
CD balances retained(1)		2,873			2,405			2,282			3,010			2,647			468			226
Retention rate		93	%		93	%		91	%		90	%		91	%
Ally Financial Deposits Levels
Ally Bank retail	$	38,770		$	35,042		$	32,139		$	30,404		$	29,323		$	3,729		$	9,447
Ally Bank brokered		9,876			9,914			9,882			9,905			9,884			(37	)		(8	)
ResMor(2)		-			-			3,753			3,491			3,519			-			(3,519	)
Other		1,679			2,960			4,098			4,192			4,480			(1,280	)		(2,801	)
Total deposits	$	50,326		$	47,915		$	49,872		$	47,992		$	47,206		$	2,411		$	3,120

(1)	Retention includes balances retained in any Ally Bank product
(2)	ResMor moved to discontinued operations in 4Q12 and sold in 1Q13

1Q 2013 Preliminary Results 19

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

($ in billions)
	HISTORICAL QUARTERLY TRENDS
Loan Value	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12
Gross carry value	$	9.7		$	9.8		$	9.7		$	9.8		$	9.7
Net carry value	$	9.2		$	9.3		$	9.3		$	9.3		$	9.3
Estimated Pool Characteristics
% Prime jumbo (> 1/1/2009)		40.2	%		38.9	%		36.6	%		34.5	%		31.2	%
% Second lien		11.3	%		11.7	%		12.3	%		12.8	%		13.4	%
% Interest only		19.5	%		21.2	%		23.3	%		25.9	%		29.1	%
% 30+ Day delinquent		3.0	%		3.0	%		3.2	%		3.2	%		3.3	%
% Low/No documentation		13.7	%		14.0	%		14.5	%		14.9	%		15.6	%
% Non-primary residence		3.6	%		3.7	%		3.8	%		3.9	%		3.9	%
Refreshed FICO		730			730			730			730			728
Wtd. Avg. LTV/CLTV(1)		85.3	%		88.9	%		89.8	%		90.4	%		91.8	%
Higher risk geographies  (2)		40.8	%		40.3	%		39.6	%		39.2	%		38.6	%

(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

1Q 2013 Preliminary Results 20

ALLY FINANCIAL INC. DISCONTINUED OPERATIONS, NET OF TAX  

($ in millions)
	QUARTERLY TRENDS														INC / (DEC) VS.
Impact of Discontinued Operations(1)	1Q 13			4Q 12			3Q 12			2Q 12			1Q 12		4Q 12			1Q 12
Canada	$	908		$	25		$	34		$	51		$	62	$	883		$	846
International Auto		129			86			91			113			75		42			54
Insurance		28			38			13			(3	)		38		(9	)		(10	)
Dealer Financial Services		1,065			150			138			160			175		916			890
Mortgage Operations		0			0			(0	)		(84	)		164		0			(164	)
Corporate and Other		(16	)		26			32			(1,121	)		33		(42	)		(49	)
Consolidated pretax income	$	1,049		$	175		$	170		$	(1,044	)	$	373	$	874		$	677
Tax expense (benefit)		17			(291	)		38			36			65		307			(48	)
Consolidated net income	$	1,033		$	466		$	133		$	(1,081	)	$	308	$	567		$	725
Assets of discontinued operations held-for-sale	$	19,063		$	32,176		$	375		$	383		$	1,008	$	(13,113	)	$	18,055

Businesses classified as discontinued operations above

Automotive Finance

Canada

Europe, Latin America and China (J.V.)

Insurance

ABA Seguros

U.K.-based operations that provide vehicle service contracts and insurance products in Europe and Latin America

Mortgage

ResCap

(1) Included are operations that have been wound down or sold in addition to those held for sale

 Note: The sales of Canada and Europe (ex. France), Mexico, Colombia and Chile were completed 1Q13. The sales of France, Brazil and the China (J.V.) as well as the Mexican Insurance business are expected to occur throughout 2013.

1Q 2013 Preliminary Results 21

ALLY FINANCIAL INC. OWNERSHIP  

Common Ownership as of 1Q 13

 

Other Tier 1 Capital as of 1Q 13

		Liquidation		Book
Series	Owner	Preference		Value
Trust Preferred Securities(1)	Investors	$	2,667	$	2,543
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

1Q 2013 Preliminary Results 22