Ally Financial (ALLY) 8-K Ally Financial Reports Fourth Quarter and Full Year 2014 Financial Results

Exhibit 99.3

FOURTH QUARTER 2014

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,” “explore,” “positions,” “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 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 Group LLC (“Chrysler”), and our ability to further diversify our business; our ability to maintain relationships with automotive dealers; the significant regulation and restrictions that we are subject to as a bank holding company and financial holding company; 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 our credit ratings; 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, whether as a result of new information, future events or other such factors that affect the subject of these 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 operations. The specific products include retail installment sales contracts, 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 2014 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	14-15
Supplemental Detail
Capital	16
Liquidity	17
Deposits	18
Ally Bank Consumer Mortgage HFI Portfolio	19
Discontinued Operations	20
Per Share-Related Information	21
Supplemental Financial Data	22

4Q 2014 Preliminary Results 3

ALLY FINANCIAL INC. CONSOLIDATED FINANCIAL HIGHLIGHTS

($ in millions, shares in thousands)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Selected Income Statement Data	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Net financing revenue (ex. OID)	$	835		$	936		$	912		$	865		$	841		$	(101	)	$	(7	)	$	3,547		$	3,028		$	519
Total other revenue (ex. OID)		221			375			372			321			325			(154	)		(104	)		1,290			1,484			(194	)
Total net revenue (ex. OID)		1,056			1,311			1,284			1,186			1,166			(255	)		(110	)		4,837			4,512			325
Provision for loan losses		155			102			63			137			140			53			15			457			501			(44	)
Controllable expenses(1)		479			469			455			490			526			10			(47	)		1,893			2,116			(223	)
Other noninterest expenses		193			273			366			223			358			(80	)		(165	)		1,055			1,289			(234	)
Core pre-tax income(2)	$	229		$	467		$	400		$	336		$	142		$	(238	)	$	87		$	1,432		$	606		$	826
Core OID amortization expense (3)		42			47			53			44			67			(4	)		(25	)		186			249			(63	)
Income tax (benefit) expense		36			127			64			94			(4	)		(91	)		40			321			(59	)		380
Income (loss) from discontinued operations		26			130			40			29			25			(104	)		1			225			(55	)		280
Net income	$	177		$	423		$	323		$	227		$	104		$	(246	)	$	73		$	1,150		$	361		$	789
Preferred stock dividends		68			67			65			68			448			1			(380	)		268			1,049			(781	)
Net income (loss) available to common shareholders	$	109		$	356		$	258		$	159		$	(344	)	$	(247	)	$	453		$	882		$	(688	)	$	1,570
Selected Balance Sheet Data (Period-End)
Total assets	$	151,828		$	149,195		$	149,937		$	148,452		$	151,167		$	2,633		$	661
Consumer loans		64,044			66,270			65,961			64,913			64,861			(2,226	)		(817	)
Commercial loans		35,904			33,248			34,817			34,711			35,467			2,656			437
Assets of discontinued operations held-for-sale		634			603			574			541			516			31			118
Allowance for loan losses		(977	)		(1,113	)		(1,171	)		(1,192	)		(1,208	)		136			231
Deposits		58,222			56,851			56,091			55,367			53,350			1,371			4,872
Common equity(4)		14,144			13,935			13,623			13,204			12,953			209			1,191
Total equity		15,399			15,190			14,878			14,459			14,208			209			1,191
Common Share Count
Weighted average basic(5)		481,861			481,611			481,350			479,768			442,863			250			38,998			481,155			420,166			60,989
Weighted average diluted(5)(6)		483,091			482,506			482,343			479,768			442,863			585			40,228			481,934			420,166			61,768
Issued shares outstanding (period-end)		480,095			479,818			479,773			479,768			479,768			277			327
Per Common Share Data
Earnings per share (basic)(5)	$	0.23		$	0.74		$	0.54		$	0.33		$	(0.78	)	$	(0.51	)	$	1.01		$	1.83		$	(1.64	)	$	3.47
Earnings per share (diluted)(5)(6)		0.23			0.74			0.54			0.33			(0.78	)		(0.51	)		1.00			1.83			(1.64	)		3.47
Adjusted earnings per share		0.40			0.53			0.42			0.34			(0.14	)		(0.14	)		0.54			1.68			(0.14	)		1.82
Book value per share		29.46			29.04			28.39			27.52			27.00			0.42			2.46			29.46			27.00			2.46
Tangible book value per share		29.40			28.99			28.34			27.46			26.94			0.42			2.46			29.40			26.94			2.46
Select Financial Ratios
Net interest margin(7)		2.4	%		2.7	%		2.6	%		2.5	%		2.4	%								2.5	%		2.2	%
Adjusted efficiency ratio(8)		50	%		49	%		49	%		55	%		73	%								51	%		67	%
Return on average assets(9)		0.5	%		1.1	%		0.9	%		0.6	%		0.3	%								0.8	%		0.2	%
Return on average total equity(9)		4.6	%		11.2	%		8.8	%		6.4	%		2.5	%								7.8	%		1.9	%
Return on average tangible common equity(9)		3.1	%		10.3	%		7.7	%		4.9	%		n/m									6.5	%		n/m
Core ROTCE(8)(9)		7.1	%		9.1	%		8.4	%		6.5	%		1.8	%								7.9	%		3.1	%
Capital Ratios
Tier 1 capital ratio		12.5	%		12.7	%		12.3	%		12.1	%		11.8	%
Tier 1 common capital ratio (10)		9.6	%		9.7	%		9.4	%		9.1	%		8.8	%
Total risk-based capital ratio		13.2	%		13.5	%		13.2	%		13.0	%		12.8	%

(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 income tax expense and primarily bond exchange original issue discount ("OID") amortization expense

(3) Core Original Issuance Discount (OID) is primarily related to bond exchange OID; excludes IO and post 2009 issuances.

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

(5) Includes shares related to share-based compensation that have vested but not yet been issued as of December 31, September 30 and June 30, 2014

(6) The effects of converting the outstanding Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares are not included in the diluted earnings per share calculation for the three months ended December 31 2013, as the effects would be antidilutive for that period. As such, 89 million of potential common shares were excluded from the diluted earnings per share calculation for the three months ended December 31 2013

(7) Continuing operations only. Excludes OID amortization expense

(8) For more details refer to page 22

(9) Return metrics are annualized

(10) Tier 1 common capital ratio is a non-GAAP measurement. Refer to page 16 for additional details

4Q 2014 Preliminary Results 4

ALLY FINANCIAL INC. CONSOLIDATED INCOME STATEMENT

($ in millions)
	QUARTERLY TRENDS														CHANGE VS.						FULL YEAR
	4Q 14			3Q 14		2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Financing revenue and other interest income
Interest and fees on finance receivables and loans(1)	$	1,112		$	1,114	$	1,124		$	1,107		$	1,136		$	(2	)	$	(24	)	$	4,457		$	4,529		$	(72	)
Interest on loans held-for-sale		-			-		1			-			1			-			(1	)		1			20			(19	)
Interest and dividends on available-for-sale investment securities		85			94		93			95			96			(9	)		(11	)		367			325			42
Interest-bearing cash		2			2		1			3			2			-			-			8			10			(2	)
Operating leases		905			899		884			870			855			6			50			3,558			3,209			349
Total financing revenue and other interest income		2,104			2,109		2,103			2,075			2,090			(5	)		14			8,391			8,093			298
Interest expense
Interest on deposits		169			166		166			163			165			3			4			664			654			10
Interest on short-term borrowings		12			12		13			15			16			-			(4	)		52			63			(11	)
Interest on long-term debt		491			493		549			534			589			(2	)		(98	)		2,067			2,602			(535	)
Total interest expense		672			671		728			712			770			1			(98	)		2,783			3,319			(536	)
Depreciation expense on operating lease assets		633			549		509			542			546			84			87			2,233			1,995			238
Net financing revenue		799			889		866			821			774			(90	)		25			3,375			2,779			596
Other revenue
Servicing fees		9			6		7			9			12			3			(3	)		31			126			(95	)
Servicing asset valuation and hedge activities, net		-			-		-			-			-			-			-			-			(213	)		213
Total servicing income, net		9			6		7			9			12			3			(3	)		31			(87	)		118
Insurance premiums and service revenue earned		243			246		249			241			244			(3	)		(1	)		979			1,012			(33	)
Gain on mortgage and automotive loans, net		1			-		6			-			3			1			(2	)		7			55			(48	)
Loss on extinguishment of debt		(156	)		-		(7	)		(39	)		(17	)		(156	)		(139	)		(202	)		(59	)		(143	)
Other gain on investments, net		52			45		41			43			24			7			28			181			180			1
Other income, net of losses		66			78		69			67			59			(12	)		7			280			383			(103	)
Total other revenue		215			375		365			321			325			(160	)		(110	)		1,276			1,484			(208	)
Total net revenue		1,014			1,264		1,231			1,142			1,099			(250	)		(85	)		4,651			4,263			388
Provision for loan losses		155			102		63			137			140			53			15			457			501			(44	)
Noninterest expense
Compensation and benefits expense		237			241		215			254			237			(4	)		-			947			1,019			(72	)
Insurance losses and loss adjustment expenses		57			97		188			68			59			(40	)		(2	)		410			405			5
Other operating expenses		378			404		418			391			588			(26	)		(210	)		1,591			1,981			(390	)
Total noninterest expense		672			742		821			713			884			(70	)		(212	)		2,948			3,405			(457	)
Income (loss) from continuing operations before income tax expense		187			420		347			292			75			(233	)		112			1,246			357			889
Income tax (benefit) expense from continuing operations		36			127		64			94			(4	)		(91	)		40			321			(59	)		380
Net income from continuing operations		151			293		283			198			79			(142	)		72			925			416			509
Income (loss) from discontinued operations, net of tax		26			130		40			29			25			(104	)		1			225			(55	)		280
Net income (loss)	$	177		$	423	$	323		$	227		$	104		$	(246	)	$	73		$	1,150		$	361		$	789

(1) Includes other interest income, net

4Q 2014 Preliminary Results 5

ALLY FINANCIAL INC. CONSOLIDATED PERIOD-END BALANCE SHEET

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
	12/31/2014			9/30/2014			6/30/2014			3/31/2014			12/31/2013			9/30/2014			12/31/2013
Assets
Cash and cash equivalents
Noninterest-bearing	$	1,348		$	1,318		$	1,373		$	1,342		$	1,315		$	30		$	33
Interest-bearing		4,228			4,381			4,404			4,551			4,216			(153	)		12
Total cash and cash equivalents		5,576			5,699			5,777			5,893			5,531			(123	)		45
Investment securities		16,137			16,714			16,748			16,327			17,083			(577	)		(946	)
Loans held-for-sale, net		2,003			3			3			43			35			2,000			1,968
Finance receivables and loans, net
Finance receivables and loans, net		99,948			99,518			100,778			99,624			100,328			430			(380	)
Allowance for loan losses		(977	)		(1,113	)		(1,171	)		(1,192	)		(1,208	)		136			231
Total finance receivables and loans, net		98,971			98,405			99,607			98,432			99,120			566			(149	)
Investment in operating leases, net		19,510			19,341			18,814			18,187			17,680			169			1,830
Premiums receivables and other insurance assets		1,695			1,678			1,656			1,639			1,613			17			82
Other assets		7,302			6,752			6,758			7,390			9,589			550			(2,287	)
Assets of operations held-for-sale		634			603			574			541			516			31			118
Total assets	$	151,828		$	149,195		$	149,937		$	148,452		$	151,167		$	2,633		$	661
Liabilities
Deposit liabilities
Noninterest-bearing	$	64		$	73		$	75		$	71		$	60		$	(9	)	$	4
Interest-bearing		58,158			56,778			56,016			55,296			53,290			1,380			4,868
Total deposit liabilities		58,222			56,851			56,091			55,367			53,350			1,371			4,872
Short-term borrowings		7,062			5,255			6,369			5,163			8,545			1,807			(1,483	)
Long-term debt		66,558			67,299			67,913			68,295			69,465			(741	)		(2,907	)
Interest payable		477			542			528			893			888			(65	)		(411	)
Unearned insurance premiums and service revenue		2,375			2,369			2,349			2,312			2,314			6			61
Accrued expense and other liabilities		1,735			1,689			1,809			1,963			2,397			46			(662	)
Total liabilities	$	136,429		$	134,005		$	135,059		$	133,993		$	136,959		$	2,424		$	(530	)
Equity
Common stock and paid-in capital	$	21,038		$	21,022		$	21,011		$	20,939		$	20,939		$	16		$	99
Preferred stock		1,255			1,255			1,255			1,255			1,255			-			-
Accumulated deficit		(6,828	)		(6,937	)		(7,293	)		(7,551	)		(7,710	)		109			882
Accumulated other comprehensive (loss) income		(66	)		(150	)		(95	)		(184	)		(276	)		84			210
Total equity		15,399			15,190			14,878			14,459			14,208			209			1,191
Total liabilities and equity	$	151,828		$	149,195		$	149,937		$	148,452		$	151,167		$	2,633		$	661

4Q 2014 Preliminary Results 6

ALLY FINANCIAL INC. CONSOLIDATED AVERAGE BALANCE SHEET ⁽¹⁾

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
	12/31/2014			9/30/2014			6/30/2014			3/31/2014			12/31/2013			9/30/2014			12/31/2013			2014			2013			CHANGE
Assets
Interest-bearing cash and cash equivalents	$	4,293		$	3,867		$	3,863		$	5,304		$	5,908		$	426		$	(1,615	)	$	4,328		$	6,412		$	(2,084	)
Investment securities		15,439			16,182			15,578			15,714			16,522			(743	)		(1,083	)		15,729			15,195			534
Loans held-for-sale, net		25			3			26			11			39			22			(14	)		16			600			(584	)
Total finance receivables and loans, net(2)		101,272			100,089			100,159			99,048			98,253			1,183			3,019			100,148			97,467			2,681
Investment in operating leases, net		19,479			19,114			18,544			17,998			17,514			365			1,965			18,789			16,028			2,761
Total interest earning assets		140,508			139,255			138,170			138,075			138,236			1,253			2,272			139,010			135,702			3,308
Noninterest-bearing cash and cash equivalents		1,757			1,688			1,550			1,441			1,319			69			438			1,610			1,628			(18	)
Other assets(3)		10,078			10,323			11,306			11,888			11,268			(245	)		(1,190	)		10,892			20,298			(9,406	)
Allowance for loan losses		(1,113	)		(1,174	)		(1,201	)		(1,206	)		(1,205	)		61			92			(1,173	)		(1,192	)		19
Total assets	$	151,230		$	150,092		$	149,825		$	150,198		$	149,618		$	1,138		$	1,612		$	150,339		$	156,436		$	(6,097	)
Liabilities
Interest-bearing deposit liabilities	$	57,332		$	56,301		$	55,556		$	54,203		$	52,298		$	1,031		$	5,034		$	55,858		$	50,188		$	5,670
Short-term borrowings		6,258			6,187			6,149			6,643			6,268			71			(10	)		6,308			4,858			1,450
Long-term debt(4)		67,884			67,687			67,727			69,030			65,983			197			1,901			68,078			66,634			1,444
Total interest-bearing liabilities(4)		131,474			130,175			129,432			129,876			124,549			1,299			6,925			130,244			121,680			8,564
Noninterest-bearing deposit liabilities		68			75			70			66			66			(7	)		2			69			536			(467	)
Other liabilities(3)		4,432			4,856			5,661			5,933			8,351			(424	)		(3,919	)		5,231			15,448			(10,217	)
Total liabilities	$	135,974		$	135,106		$	135,163		$	135,875		$	132,966		$	868		$	3,008		$	135,544		$	137,664		$	(2,120	)
Equity
Total equity	$	15,256		$	14,986		$	14,662		$	14,323		$	16,652		$	270		$	(1,396	)	$	14,795		$	18,772		$	(3,977	)
Total liabilities and equity	$	151,230		$	150,092		$	149,825		$	150,198		$	149,618		$	1,138		$	1,612		$	150,339		$	156,436		$	(6,097	)

(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) Assets and liabilities of discontinued operations are classified as other assets and other liabilities, respectively, in all periods

(4) QTD: Average balance includes $1,366 million and $1,566 million related to original issue discount at December 2014 and December 2013, respectively

4Q 2014 Preliminary Results 7

ALLY FINANCIAL INC. SEGMENT HIGHLIGHTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Automotive Finance	$	310		$	415		$	461		$	339		$	207		$	(105	)	$	103		$	1,525		$	1,271		$	254
Insurance		86			60			(23	)		74			65			26			21			197			254			(57	)
Dealer Financial Services		396			475			438			413			272			(79	)		124			1,722			1,525			197
Mortgage		21			(3	)		27			17			(7	)		24			28			62			(258	)		320
Corporate and Other (ex. OID)(1)		(188	)		(5	)		(65	)		(94	)		(123	)		(183	)		(65	)		(352	)		(661	)		309
Core pre-tax income (loss)(2)	$	229		$	467		$	400		$	336		$	142		$	(238	)	$	87		$	1,432		$	606		$	826
Core OID amortization expense(3)		42			47			53			44			67			(5	)		(25	)		186			249			(63	)
Income tax expense (benefit)		36			127			64			94			(4	)		(91	)		40			321			(59	)		380
Income (loss) from discontinued operations		26			130			40			29			25			(104	)		1			225			(55	)		280
Net income (loss)	$	177		$	423		$	323		$	227		$	104		$	(246	)	$	73		$	1,150		$	361		$	789

(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 debt issuances and bond exchanges. Corporate and Other also includes the Ally Corporate 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 income (loss) is a non-GAAP financial measure. It is defined as income from continuing operations before income tax expense and primarily bond exchange OID amortization expense

(3) Includes accelerated OID expense of $6 million in 4Q14 and $7 million in 2Q14 due to debt redemption

4Q 2014 Preliminary Results 8

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - CONDENSED FINANCIAL STATEMENTS

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Net financing revenue
Consumer	$	770		$	774		$	763		$	739		$	762		$	(4	)	$	8		$	3,046		$	3,004		$	42
Commercial		252			246			262			264			266			6			(14	)		1,024			1,061			(37	)
Operating leases		905			899			884			870			855			6			50			3,558			3,209			349
Other interest income		2			3			2			3			4			(1	)		(2	)		10			22			(12	)
Total financing revenue and other interest income		1,929			1,922			1,911			1,876			1,887			7			42			7,638			7,296			342
Interest expense		529			523			518			514			532			6			(3	)		2,084			2,142			(58	)
Depreciation expense on operating lease assets:
Depreciation expense on operating lease assets (ex. remarketing)		683			654			677			651			629			29			54			2,666			2,327			339
Remarketing gains		(50	)		(105	)		(168	)		(109	)		(83	)		55			33			(433	)		(332	)		(101	)
Total depreciation expense on operating lease assets		633			549			509			542			546			84			87			2,233			1,995			238
Net financing revenue		767			850			884			820			809			(83	)		(42	)		3,321			3,159			162
Other revenue
Servicing fees		9			6			7			9			10			3			(1	)		31			58			(27	)
Gain on automotive loans, net		4			6			-			-			-			(2	)		4			10			-			10
Other income		56			57			55			55			51			(1	)		5			223			210			13
Total other revenue		69			69			62			64			61			-			8			264			268			(4	)
Total net revenue		836			919			946			884			870			(83	)		(34	)		3,585			3,427			158
Provision for loan losses		175			109			99			159			144			66			31			542			494			48
Noninterest expense
Compensation and benefits		113			112			106			123			123			1			(10	)		454			450			4
Other operating expenses		238			283			280			263			396			(45	)		(158	)		1,064			1,212			(148	)
Total noninterest expense		351			395			386			386			519			(44	)		(168	)		1,518			1,662			(144	)
Income before income tax expense	$	310		$	415		$	461		$	339		$	207		$	(105	)	$	103		$	1,525		$	1,271		$	254
Memo: Net lease revenue
Operating lease revenue	$	905		$	899		$	884		$	870		$	855		$	6		$	50		$	3,558		$	3,209		$	349
Depreciation expense on operating lease assets (ex. remarketing)		683			654			677			651			629			29			54			2,666			2,327			339
Remarketing gains		(50	)		(105	)		(168	)		(109	)		(83	)		55			33			(433	)		(332	)		(101	)
Total depreciation expense on operating lease assets		633			549			509			542			546			84			87			2,233			1,995			238
Net lease revenue	$	272		$	350		$	375		$	328		$	309		$	(78	)	$	(37	)	$	1,325		$	1,214		$	111
Balance Sheet (Period-End)
Cash, trading and investment securities	$	32		$	34		$	34		$	35		$	36		$	(2	)	$	(4	)
Loans held-for-sale		1,515			-			-			-			-			1,515			1,515
Finance receivables and loans, net:
Consumer loans		56,535			58,659			58,084			56,763			56,416			(2,124	)		119
Commercial loans(1)		34,039			31,510			33,070			33,013			33,888			2,529			151
Allowance for loan losses		(783	)		(783	)		(822	)		(809	)		(769	)		-			(14	)
Total finance receivables and loans, net		89,791			89,386			90,332			88,967			89,535			405			256
Investment in operating leases, net		19,510			19,341			18,814			18,187			17,680			169			1,830
Other assets		1,706			1,573			1,580			1,577			1,545			133			161
Assets of operations held-for-sale		634			603			574			541			516			31			118
Total assets	$	113,188		$	110,937		$	111,334		$	109,307		$	109,312		$	2,251		$	3,876

(1) Includes intercompany

4Q 2014 Preliminary Results 9

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - KEY STATISTICS

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
U.S. Market	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Light vehicle sales(SAAR - units in millions)		16.7			16.7			16.5			15.6			15.6			0.0			1.1			16.4			15.5			0.9
Light vehicle sales(quarterly - units in millions)		4.1			4.2			4.4			3.7			3.8			(0.2	)		0.3			16.4			15.5			0.9
GM market share		17.9	%		17.7	%		18.3	%		17.4	%		17.6	%								17.9	%		17.9	%
Chrysler market share		13.1	%		12.6	%		12.4	%		12.8	%		11.7	%								12.7	%		11.6	%
U.S. Consumer Originations(1)($ in billions)
GM new retail subvented	$	0.5		$	1.8		$	0.9		$	0.9		$	0.8		$	(1.3	)	$	(0.4	)	$	4.0		$	4.4		$	(0.4	)
GM new retail standard		1.9			1.9			1.9			1.5			1.5			(0.0	)		0.4			7.3			6.3			1.0
Chrysler new retail subvented		0.0			0.0			-			-			0.0			(0.0	)		0.0			0.0			0.4			(0.4	)
Chrysler new retail standard		0.8			1.0			1.0			0.7			0.7			(0.1	)		0.2			3.6			3.5			0.1
New growth		0.7			0.9			0.8			0.6			0.5			(0.2	)		0.2			3.1			2.3			0.8
Lease		2.4			3.0			3.2			2.7			2.3			(0.6	)		0.2			11.3			10.6			0.7
Used		2.7			3.2			3.1			2.8			2.3			(0.5	)		0.3			11.7			9.9			1.8
Total originations	$	9.0		$	11.8		$	10.9		$	9.2		$	8.2		$	(2.8	)	$	0.8		$	41.0		$	37.3		$	3.6
U.S. Consumer Penetration
GM		22.9	%		30.9	%		28.5	%		27.7	%		26.5	%								27.6	%		28.7	%
Chrysler		10.6	%		11.3	%		10.9	%		8.3	%		10.1	%								10.3	%		14.4	%
U.S. Commercial Outstandings EOP($ in billions)
Floorplan outstandings, net	$	29.7		$	27.3		$	29.0		$	29.1		$	30.1		$	2.4		$	(0.4	)
Other dealer loans		4.3			4.2			4.0			3.8			3.7			0.2			0.6
Total Commercial outstandings	$	34.0		$	31.5		$	33.0		$	33.0		$	33.8		$	2.5		$	0.2
U.S. Floorplan Penetration(2)
GM penetration		63.8	%		63.4	%		64.7	%		64.1	%		64.9	%								63.8	%		66.6	%
Chrysler penetration		44.1	%		43.8	%		44.8	%		46.4	%		46.8	%								44.8	%		50.4	%
U.S. Off-Lease Remarketing
Off-lease vehicles terminated - On-balance sheet(# in units)		70,969			79,280			85,143			61,001			45,693			(8,311	)		25,276			296,393			148,587			147,806
Average gain per vehicle	$	705		$	1,327		$	1,978		$	1,791		$	1,811		$	(622	)	$	(1,106	)	$	1,461		$	2,237		$	(776	)
Total gains($ in millions)	$	50		$	105		$	168		$	109		$	83		$	(55	)	$	(33	)	$	433		$	332		$	101

(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 for the quarter

4Q 2014 Preliminary Results 10

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

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Insurance premiums and other income
Insurance premiums and service revenue earned	$	243		$	246		$	249		$	241		$	244		$	(3	)	$	(1	)	$	979		$	1,012		$	(33	)
Investment income		44			53			54			43			37			(9	)		7			194			227			(33	)
Other income		2			4			3			3			3			(2	)		(1	)		12			14			(2	)
Total insurance premiums and other income		289			303			306			287			284			(14	)		5			1,185			1,253			(68	)
Expense
Insurance losses and loss adjustment expenses		57			97			188			68			59			(40	)		(2	)		410			405			5
Acquisition and underwriting expenses
Compensation and benefit expense		17			15			15			16			16			2			1			63			62			1
Insurance commission expense		95			95			94			89			92			(0	)		3			374			370			4
Other expense		34			36			32			40			52			(2	)		(18	)		141			162			(21	)
Total acquisition and underwriting expense		146			146			141			145			160			-			(14	)		578			594			(16	)
Total expense		203			243			329			213			219			(40	)		(16	)		988			999			(11	)
Income from cont. ops before income tax expense	$	86		$	60		$	(23	)	$	74		$	65		$	26		$	21		$	197		$	254		$	(57	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	5,313		$	5,296		$	5,368		$	5,314		$	5,295		$	17		$	18
Premiums receivable and other insurance assets		1,706			1,688			1,666			1,650			1,624			18			82
Other assets		171			194			198			220			205			(23	)		(34	)
Total assets	$	7,190		$	7,178		$	7,232		$	7,184		$	7,124		$	12		$	66
Key Statistics (Continuing Operations)
Written Premiums
Dealer Products & Services(1)	$	248		$	265		$	267		$	244		$	225		$	(17	)	$	23		$	1,023		$	1,000		$	23
Corporate		0			0			0			-			0			(0	)		(0	)		0			(3	)		3
Total written premiums and revenue(1)	$	248		$	265		$	267		$	244		$	225		$	(17	)	$	23		$	1,023		$	997		$	26
Loss ratio		23.1	%		39.3	%		75.1	%		27.9	%		23.7	%								41.6	%		39.7	%
Underwriting expense ratio		59.9	%		59.1	%		55.7	%		60.0	%		65.3	%								58.6	%		58.3	%
Combined ratio		83.0	%		98.4	%		130.9	%		87.9	%		89.0	%								100.2	%		98.0	%

(1) Excludes Canadian Personal Lines business, which is in runoff

4Q 2014 Preliminary Results 11

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

($ in millions) 

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	65		$	68		$	73		$	76		$	80		$	(3	)	$	(15	)	$	282		$	378		$	(96	)
Interest expense		57			59			61			62			66			(2	)		(9	)		239			302			(63	)
Net financing revenue		8			9			12			14			14			(1	)		(6	)		43			76			(33	)
Servicing fees		-			-			-			-			2			-			(2	)		-			68			(68	)
Servicing asset valuation and hedge activities, net		-			-			-			-			-			-			-			-			(213	)		213
Total servicing income, net		-			-			-			-			2			-			(2	)		-			(145	)		145
Gain on mortgage loans, net		-			-			6			-			3			-			(3	)		6			55			(49	)
Other income, net of losses		4			-			3			4			1			4			3			11			90			(79	)
Total other revenue		4			-			9			4			6			4			(2	)		17			-			17
Total net revenue		12			9			21			18			20			3			(8	)		60			76			(16	)
Provision for loan losses		(14	)		(7	)		(25	)		(23	)		(1	)		(7	)		(13	)		(69	)		13			(82	)
Noninterest expense
Compensation and benefits expense		2			3			2			4			4			(1	)		(2	)		11			39			(28	)
Representation and warranty expense		(11	)		-			-			1			1			(11	)		(12	)		(10	)		104			(114	)
Other operating expense		14			16			17			19			23			(2	)		(9	)		66			178			(112	)
Total noninterest expense		5			19			19			24			28			(14	)		(23	)		67			321			(254	)
Income (loss) from cont. ops before income tax expense	$	21		$	(3	)	$	27		$	17		$	(7	)	$	24		$	28		$	62		$	(258	)	$	320
Balance Sheet (Period-End)
Loans held-for-sale	$	452		$	3		$	3		$	43		$	16		$	449		$	436
Finance receivables and loans, net:
Consumer loans		7,474			7,595			7,847			8,138			8,444			(121	)		(970	)
Allowance for loan losses		(152	)		(283	)		(302	)		(333	)		(389	)		131			237
Total finance receivables and loans, net		7,322			7,312			7,545			7,805			8,055			10			(733	)
Other assets(1)		110			87			92			89			97			23			13
Total assets	$	7,884		$	7,402		$	7,640		$	7,937		$	8,168		$	482		$	(284	)

(1) Includes derivative assets which are reflected on a gross basis on the balance sheet, assets of discontinued operations held-for-sale and other assets 

4Q 2014 Preliminary Results 12

ALLY FINANCIAL INC. CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS

($ in millions) 

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	88		$	89		$	90		$	94		$	95		$	(1	)	$	(7	)	$	361		$	298		$	63
Interest expense
Core original issue discount amortization(1)		36			47			46			44			67			(11	)		(31	)		172			249			(77	)
Other interest expense		37			28			90			78			91			9			(53	)		234			562			(328	)
Total interest expense		73			75			136			122			158			(2	)		(85	)		406			811			(405	)
Net financing revenue		15			14			(46	)		(28	)		(63	)		1			78			(45	)		(513	)		468
Other revenue
Loss on extinguishment of debt		(156	)		-			(7	)		(39	)		(17	)		(156	)		(139	)		(202	)		(59	)		(143	)
Other gain on investments, net		16			6			2			14			-			10			16			38			3			35
Other income, net of losses (2)		2			13			9			6			5			(11	)		(3	)		30			76			(46	)
Total other (loss) revenue		(138	)		19			4			(19	)		(12	)		(157	)		(126	)		(134	)		20			(154	)
Total net revenue		(123	)		33			(42	)		(47	)		(75	)		(156	)		(48	)		(179	)		(493	)		314
Provision for loan losses		(6	)		-			(11	)		1			(3	)		(6	)		(3	)		(16	)		(6	)		(10	)
Noninterest expense
Compensation and benefits expense		105			111			92			111			94			(6	)		11			419			468			(49	)
Other operating expense(3)		8			(26	)		(5	)		(21	)		24			34			(16	)		(44	)		(45	)		1
Total noninterest expense		113			85			87			90			118			28			(5	)		375			423			(48	)
Loss from cont. ops before income tax expense	$	(230	)	$	(52	)	$	(118	)	$	(138	)	$	(190	)	$	(178	)	$	(40	)	$	(538	)	$	(910	)	$	372
Balance Sheet (Period-End)
Cash, trading and investment securities	$	16,368		$	17,083		$	17,123		$	16,871		$	17,283		$	(715	)	$	(915	)
Loans held-for-sale		36			-			-			-			19			36			17
Finance receivables and loans, net
Consumer loans		35			16			30			12			1			19			34
Commercial loans(4)		1,865			1,738			1,747			1,698			1,579			127			286
Allowance for loan losses		(42	)		(47	)		(47	)		(50	)		(50	)		5			8
Total finance receivables and loans, net		1,858			1,707			1,730			1,660			1,530			151			328
Other assets		5,304			4,888			4,878			5,493			7,731			416			(2,427	)
Assets of operations held-for-sale		-			-			-			-			-			-			-
Total assets	$	23,566		$	23,678		$	23,731		$	24,024		$	26,563		$	(112	)	$	(2,997	)
OID Amortization Schedule(5)				2015			2016			2017 and After
Remaining Core OID Amortization (as of 12/31/2014)				$	45		$	55		Avg = $52/yr

(1) Does not include accelerated OID expense of $6 million in 4Q14 and $7 million in 2Q14, which is reflected in other revenue

(2) Includes gain/(loss) on mortgage and automotive loans

(3) Other operating expenses includes (i) certain unallocated expenses primarily associated with operations that have been sold or discontinued and (ii) corporate overhead allocated to the other business segments. Amounts of corporate overhead allocated were $167 million for 4Q14, $172 million in 3Q14, $161 million for 2Q14, $185 million for 1Q14, and $187 million for 4Q13. The receiving business segment records the allocation of corporate overhead expense within other operating expenses.

(4) Includes intercompany

(5) Primarily represents bond exchange OID amortization expense used for calculating core pre-tax income 

4Q 2014 Preliminary Results 13

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION

($ in millions) 

	QUARTERLY TRENDS															CHANGE VS.
Asset Quality - Consolidated(1)	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13
Ending loan balance	$	99,947		$	99,517		$	100,777		$	99,623		$	100,327		$	430		$	(380	)
30+ Accruing DPD	$	1,607		$	1,452		$	1,245		$	956		$	1,408		$	155		$	199
30+ Accruing DPD %		1.6	%		1.5	%		1.2	%		1.0	%		1.4	%
Non-performing loans (NPLs)	$	645		$	621		$	611		$	710		$	725		$	24		$	(80	)
Net charge-offs (NCOs)	$	170		$	149		$	85		$	133		$	129		$	21		$	41
Net charge-off rate(2)		0.7	%		0.6	%		0.3	%		0.5	%		0.5	%
Provision for loan losses	$	155		$	102		$	63		$	137		$	140		$	53		$	15
Allowance for loan losses (ALLL)	$	977		$	1,113		$	1,171		$	1,192		$	1,208		$	(136	)	$	(231	)
ALLL as % of Loans(3)		1.0	%		1.1	%		1.2	%		1.2	%		1.2	%
ALLL as % of NPLs(3)		151.5	%		179.2	%		191.8	%		167.9	%		166.6	%
ALLL as % of NCOs(3)		143.5	%		186.8	%		344.2	%		223.8	%		233.6	%
U.S. Auto Delinquencies - HFI Retail Contract Amount(4)
Delinquent contract $	$	1,543		$	1,338		$	1,174		$	904		$	1,325		$	205		$	218
% of retail contract $ outstanding		2.73	%		2.28	%		2.02	%		1.59	%		2.35	%
U.S. Auto Annualized Net Charge-Offs - HFI Retail Contract Amount
Net charge-offs	$	160		$	137		$	83		$	121		$	114		$	22		$	46
% of avg. HFI assets		1.10	%		0.93	%		0.58	%		0.85	%		0.80	%
U.S. Auto Annualized Net Charge-Offs - HFI Commercial Contract Amount
Net charge-offs	$	(0	)	$	0		$	1		$	0		$	2		$	(0	)	$	(2	)
% of avg. HFI assets		0.00	%		0.00	%		0.01	%		0.00	%		0.03	%

(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

(4) Dollar amount of accruing contracts greater than 30 days past due 

4Q 2014 Preliminary Results 14

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION, CONTINUED

($ in millions) 

CONTINUING OPERATIONS

Automotive Finance(1)(2)	QUARTERLY TRENDS															CHANGE VS.
Consumer	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13
Allowance for loan losses	$	685		$	693		$	729		$	715		$	673		$	(8	)	$	12
Total consumer loans(3)	$	56,570		$	58,675		$	58,114		$	56,775		$	56,417		$	(2,105	)	$	153
Coverage ratio		1.2	%		1.2	%		1.3	%		1.3	%		1.2	%
Commercial
Allowance for loan losses	$	98		$	90		$	93		$	94		$	96		$	8		$	2
Total commercial loans	$	34,022		$	31,492		$	33,041		$	32,984		$	33,803		$	2,530		$	219
Coverage ratio		0.3	%		0.3	%		0.3	%		0.3	%		0.3	%
Mortgage(1)(2)
Consumer
Allowance for loan losses	$	152		$	283		$	302		$	333		$	389		$	(131	)	$	(237	)
Total consumer loans	$	7,473		$	7,594		$	7,846		$	8,137		$	8,443		$	(121	)	$	(970	)
Coverage ratio		2.0	%		3.7	%		3.9	%		4.1	%		4.6	%
Corporate and Other (1)(4)
Allowance for loan losses	$	42		$	47		$	47		$	50		$	50		$	(5	)	$	(8	)
Total commercial loans	$	1,882		$	1,756		$	1,776		$	1,727		$	1,664		$	125		$	218
Coverage ratio		2.2	%		2.7	%		2.6	%		2.9	%		3.0	%

(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

(2) Represents domestic allowance for loan losses only

(3) Includes $35 million Corp. Treasury hedging activity related to domestic consumer auto outstandings in 4Q14, $16 million in 3Q14, $30 million in 2Q14, $12 million in 1Q14 and $1 million in 4Q13

(4) Includes Insurance 

4Q 2014 Preliminary Results 15

ALLY FINANCIAL INC. CAPITAL

($ in billions) 

	QUARTERLY TRENDS															CHANGE VS.
Cost of Funds	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13
Ally Financial's cost of borrowing (incl. OID)		2.0	%		2.0	%		2.3	%		2.2	%		2.5	%
Ally Financial's cost of borrowing (excl. OID)		1.9	%		1.9	%		2.1	%		2.1	%		2.2	%
Capital
Risk-weighted assets	$	130.6		$	128.2		$	129.2		$	127.7		$	128.6		$	2.4		$	2.0
Tier 1 capital ratio		12.5	%		12.7	%		12.3	%		12.1	%		11.8	%
Tier 1 common capital ratio		9.6	%		9.7	%		9.4	%		9.1	%		8.8	%
Total risk-based capital ratio		13.2	%		13.5	%		13.2	%		13.0	%		12.8	%
Tangible common equity / Tangible assets		9.3	%		9.3	%		9.1	%		8.9	%		8.6	%
Tangible common equity / Risk-weighted assets		10.8	%		10.8	%		10.5	%		10.3	%		10.1	%
Shareholders’ equity	$	15.4		$	15.2		$	14.9		$	14.5		$	14.2		$	0.2		$	1.2
less:  Goodwill and certain other intangibles		-			-			-			-			-			-			-
Disallowed DTA		(1.3	)		(1.4	)		(1.3	)		(1.5	)		(1.6	)		0.1			0.3
Certain AOCI items and other adjustments		(0.2	)		(0.1	)		(0.2	)		-			0.1			(0.1	)		(0.3	)
add:   Trust preferred securities		2.5			2.5			2.5			2.5			2.5			-			-
Tier 1 capital	$	16.4		$	16.2		$	15.9		$	15.5		$	15.2		$	0.2		$	1.2
Tier 1 capital	$	16.4		$	16.2		$	15.9		$	15.5		$	15.2		$	0.2		$	1.2
less:   Preferred equity		(1.3	)		(1.3	)		(1.3	)		(1.3	)		(1.3	)		-			-
Trust preferred securities		(2.5	)		(2.5	)		(2.5	)		(2.5	)		(2.5	)		-			-
Tier 1 common capital(1)	$	12.6		$	12.4		$	12.1		$	11.7		$	11.4		$	0.2		$	1.2
Tier 1 capital	$	16.4		$	16.2		$	15.9		$	15.5		$	15.2		$	0.2		$	1.2
add:  Qualifying subordinated debt and redeemable preferred stock		0.2			0.2			0.2			0.2			0.3			-			(0.1	)
Allowance for loan and lease losses includible in Tier 2 capital and other adjustments		0.7			0.8			0.9			0.9			1.0			(0.1	)		(0.3	)
Total risk-based capital	$	17.3		$	17.3		$	17.1		$	16.6		$	16.4		$	-		$	0.9
Total shareholders' equity	$	15.4		$	15.2		$	14.9		$	14.5		$	14.2		$	0.2		$	1.2
less:   Preferred equity		(1.3	)		(1.3	)		(1.3	)		(1.3	)		(1.3	)		-			-
Goodwill and intangible assets		-			-			-			-			-			-			-
Tangible common equity(2)	$	14.1		$	13.9		$	13.6		$	13.2		$	12.9		$	0.2		$	1.2
Total assets	$	151.8		$	149.2		$	149.9		$	148.5		$	151.2		$	2.6		$	0.6
less:  Goodwill and intangible assets		-			-			-			-			-			-			-
Tangible assets	$	151.8		$	149.2		$	149.9		$	148.4		$	151.1		$	2.6		$	0.7

Note: Numbers may not foot due to rounding

(1) We define Tier 1 common as Tier 1 capital less non-common 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.

4Q 2014 Preliminary Results 16

ALLY FINANCIAL INC. LIQUIDITY

($ in billions) 

	12/31/2014					9/30/2014					12/31/2013
Available Liquidity	Parent(1)		Ally Bank			Parent(1)		Ally Bank			Parent(1)		Ally Bank
Cash and cash equivalents(2)	$	2.7	$	2.3		$	2.9	$	2.2		$	3.3	$	2.3
Highly liquid securities(3)		2.1		5.8			2.7		6.1			2.9		3.9
Current committed unused capacity		3.4		0.3			4.5		0.5			6.5		0.3
Subtotal	$	8.2	$	8.4		$	10.1	$	8.8		$	12.7	$	6.5
Ally Bank intercompany loan(4)		0.6		(0.6	)		1.3		(1.3	)		0.6		(0.6	)
Total Current Available Liquidity	$	8.8	$	7.8		$	11.4	$	7.5		$	13.3	$	5.9
Unsecured Long-Term Debt Maturity Profile	2015		2016			2017		2018			2019		2020 and After
Consolidated remaining maturities	$	4.9	$	1.9		$	4.4	$	1.3		$	1.6	$	9.3

(1) Parent company liquidity is defined as our consolidated operations less Ally Bank and the regulated subsidiaries of Ally Insurance's holding company

(2) May include the restricted cash accumulation for retained notes maturing within the following 30 days and returned to Ally on the distribution date

(3) Includes UST, Agency debt and Agency MBS

(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

4Q 2014 Preliminary Results 17

ALLY FINANCIAL INC. DEPOSITS

($ in millions) 

	QUARTERLY TRENDS															CHANGE VS.
Key Statistics	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13
Average retail CD maturity (months)		31.6			31.3			31.1			31.2			31.0			0.3			0.6
Average retail deposit rate		1.16	%		1.16	%		1.17	%		1.19	%		1.21	%
Ally Financial Deposits Levels
Ally Bank retail	$	47,954		$	46,718		$	45,934		$	45,193		$	43,172		$	1,236		$	4,782
Ally Bank brokered		9,885			9,692			9,684			9,683			9,678			192			207
Other		384			441			473			491			500			(57	)		(116	)
Total deposits	$	58,222		$	56,851		$	56,091		$	55,367		$	53,350		$	1,371		$	4,872
Ally Bank Deposit Mix
Retail CD		40.1	%		41.4	%		42.5	%		43.1	%		44.7	%
MMA/OSA/Checking		42.8	%		41.5	%		40.1	%		39.2	%		37.1	%
Brokered		17.1	%		17.2	%		17.4	%		17.7	%		18.2	%

4Q 2014 Preliminary Results 18

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

($ in billions) 

	HISTORICAL QUARTERLY TRENDS
Loan Value	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13
Gross carry value	$	7.5		$	7.6		$	7.8		$	8.1		$	8.4
Net carry value	$	7.3		$	7.3		$	7.5		$	7.8		$	8.0
Estimated Pool Characteristics
Ongoing (post 1/1/2009)		46.9	%		38.7	%		38.7	%		39.1	%		39.3	%
Legacy (pre 1/1/2009)		53.1	%		61.3	%		61.3	%		60.9	%		60.7	%
% Second lien		10.5	%		10.8	%		11.0	%		11.1	%		11.1	%
% Interest only		12.5	%		13.4	%		13.5	%		13.5	%		13.8	%
% 30+ Day delinquent(1)		3.0	%		3.8	%		2.7	%		2.5	%		2.8	%
% Low/No documentation		12.1	%		14.3	%		14.2	%		14.1	%		14.1	%
% Non-primary residence		3.7	%		3.8	%		3.8	%		3.7	%		3.7	%
Refreshed FICO		734			726			726			727			728
Wtd. Avg. LTV/CLTV(2)		71.5	%		73.1	%		76.6	%		77.8	%		79.1	%
Higher risk geographies(3)		41.1	%		40.5	%		40.4	%		40.5	%		40.5	%

(1) 3Q14 delinquency rates temporarily impacted by sub-servicing transfer

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

(3) Includes CA, FL, MI and AZ

4Q 2014 Preliminary Results 19

ALLY FINANCIAL INC. DISCONTINUED OPERATIONS

($ in millions)

	QUARTERLY TRENDS													INC / (DEC) VS.
Impact of Discontinued Operations (1)(2)	4Q 14		3Q 14			2Q 14		1Q 14			4Q 13			3Q 14			4Q 13
Auto Finance	$	23	$	29		$	22	$	28		$	(149	)	$	(6	)	$	172
Insurance		0		6			1		(0	)		0			(6	)		(0	)
Corporate and Other		6		16			25		(1	)		80			(10	)		(75	)
Consolidated pretax income	$	29	$	51		$	48	$	27		$	(69	)	$	(22	)	$	97
Tax expense (benefit)		2		(78	)		7		(1	)		(93	)		80			95
Consolidated net income	$	26	$	130		$	40	$	29		$	25		$	(104	)	$	1
Assets of discontinued operations held-for-sale	$	634	$	603		$	574	$	541		$	516		$	31		$	118

(1) Disc ops activity reflects several actions including divestitures of international businesses and other mortgage related charges in addition to certain discrete tax items

(2) The following businesses are classified as discontinued operations: the Brazilian automotive finance operations (sale completed 4Q13) and the remaining international automotive finance operations, including the joint venture in China (sale completed 1Q15)

4Q 2014 Preliminary Results 20

ALLY FINANCIAL INC. PER SHARE-RELATED INFORMATION

($ in millions, shares in thousands) 

	QUARTERLY TRENDS											CHANGE VS.						FULL YEAR
Earnings Per Share Data	4Q 14		3Q 14		2Q 14		1Q 14		4Q 13			3Q 14			4Q 13			2014		2013			CHANGE
Net income (loss)	$	177	$	423	$	323	$	227	$	104		$	(246	)	$	73		$	1,150	$	361		$	789
less:  Preferred stock dividends		68		67		65		68		448			1			(380	)		268		1,049			(781	)
Net income (loss) available to common shareholders	$	109	$	356	$	258	$	159	$	(344	)	$	(247	)	$	453		$	882	$	(688	)	$	1,570
Weighted-average shares outstanding - basic(1)		481,861		481,611		481,350		479,768		442,863			250			38,999			481,155		420,166			60,989
Weighted-average shares outstanding - diluted(1)(2)		483,091		482,506		482,343		479,768		442,863			585			40,228			481,934		420,166			61,768
Net income (loss) per share - basic(1)	$	0.23	$	0.74	$	0.54	$	0.33	$	(0.78	)	$	(0.51	)	$	1.00		$	1.83	$	(1.64	)	$	3.47
Net income (loss) per share - diluted(1)(2)	$	0.23	$	0.74	$	0.54	$	0.33	$	(0.78	)	$	(0.51	)	$	1.01		$	1.83	$	(1.64	)	$	3.47

(1) Includes shares related to share-based compensation that have vested but not yet been issued as of December 31, September 30 and June 30, 2014

(2) The effects of converting the outstanding Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares are not included in the diluted earnings per share calculation for the three months ended December 31 2013, as the effects would be antidilutive for that period. As such, 89 million of potential common shares were excluded from the diluted earnings per share calculation for the three months ended December 31 2013

4Q 2014 Preliminary Results 21

ALLY FINANCIAL INC. SUPPLEMENTAL FINANCIAL DATA

($ in millions) 

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Core ROTCE Calculation	4Q 14			3Q 14			2Q 14			1Q 14			4Q 13			3Q 14			4Q 13			2014			2013			CHANGE
Pre-tax income (loss) from continuing operations	$	187		$	420		$	347		$	292		$	75		$	(233	)	$	112		$	1,246		$	357		$	889
add:  Core original issue discount expense		42			47			53			44			67			(4	)		(25	)		186			249			(63	)
Repositioning items		167			-			16			3			18			167			149			187			244			(57	)
Core pre-tax income	$	396		$	467		$	417		$	339		$	161		$	(70	)	$	236		$	1,619		$	851		$	768
Normalized income tax expense at 34%		135			159			142			115			55			(24	)		80			550			289			261
Core net income		262			308			275			224			106			(46	)		156			1,069			561			507
Preferred dividends (Series A & G)		68			67			65			68			67			1			1			268			267			1
Operating net income available to common shareholders(1)	$	194		$	241		$	210		$	155		$	39		$	(47	)	$	155		$	800		$	294		$	506
Tangible common equity(2)	$	14,069		$	13,752		$	13,386		$	13,060		$	12,438		$	317		$	1,631		$	13,522		$	12,695		$	826
less: Unamortized core original issue discount		1,369			1,411			1,461			1,510			1,565			(42	)		(196	)		1,441			1,656			(215	)
Net deferred tax asset		1,800			1,806			1,872			1,979			2,018			(6	)		(218	)		1,926			1,615			311
Normalized common equity(1)(3)	$	10,900		$	10,534		$	10,053		$	9,571		$	8,855		$	366		$	2,045		$	10,154		$	9,424		$	731
Core ROTCE(1)		7.1	%		9.1	%		8.4	%		6.5	%		1.8	%								7.9	%		3.1	%
Adjusted Efficiency Ratio Calculation
Total noninterest expense	$	672		$	742		$	821		$	713		$	884		$	(70	)	$	(212	)	$	2,948		$	3,405		$	(457	)
less: Rep and warrant expense		(11	)		-			0			1			1			(11	)		(12	)		(10	)		32			(42	)
Insurance expense		203			243			329			213			219			(40	)		(16	)		988			999			(11	)
Repositioning items		19			-			16			3			19			19			(0	)		39			123			(85	)
Numerator	$	461		$	499		$	475		$	496		$	645		$	(38	)	$	(184	)	$	1,932		$	2,251		$	(319	)
Total net revenue	$	1,014		$	1,264		$	1,231		$	1,142		$	1,099		$	(250	)	$	(85	)	$	4,651		$	4,263		$	388
add:  Original issue discount		42			47			53			44			67			(4	)		(25	)		186			249			(64	)
Repositioning		148			-			-			-			(1	)		148			149			148			121			28
less:  Insurance revenue		289			303			306			287			284			(14	)		5			1,185			1,253			(68	)
Denominator	$	916		$	1,008		$	978		$	899		$	881		$	(92	)	$	34		$	3,800		$	3,380		$	420
Adjusted Efficiency Ratio(1)		50	%		49	%		49	%		55	%		73	%								51	%		67	%

(1) Represents a non-GAAP financial measure

(2) See page 16 for details

(3) Normalized common equity calculated using 2 period average 

4Q 2014 Preliminary Results 22