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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are defined as components of an enterprise that engage in business activity from which revenues are earned and expenses incurred for which discrete financial information is available that is evaluated regularly by our CODM in deciding how to allocate resources and in assessing performance. We define our CODM as the CEO. The CODM uses pretax income to evaluate income generated from segment assets, and to assess a segment’s performance by comparing the results, relative to other segments. Additionally, the budgeting and forecasting process monitors budget versus actual results with emphasis on pretax income, which are also used in assessing the performance of a segment.
We report our results of operations on a business-line basis through three operating segments: Automotive Finance operations, Insurance operations, and Corporate Finance operations, with the remaining activity reported in Corporate and Other. The operating segments are
determined based on the products and services offered, and reflect the manner in which financial information is currently evaluated by our CODM and management. The following is a description of each of our reportable operating segments.
Dealer Financial Services
Dealer Financial Services comprises the following two segments.
•Automotive Finance operations — One of the largest full-service automotive finance operations in the United States providing automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. Our automotive finance services include providing retail installment sales contracts, loans and operating leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.
•Insurance operations — A complementary automotive-focused business offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. As part of our focus on offering dealers a broad range of consumer financial and insurance products, we provide VSCs, VMCs, and GAP products. We also underwrite select commercial insurance coverages, which primarily insure dealers’ vehicle inventory.
Corporate Finance operations
Our Corporate Finance operations provide senior secured asset-based and leveraged cash flow loans to mostly U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. These loans are typically used for leveraged buyouts, refinancing and recapitalizations, mergers and acquisitions, growth, turnarounds, and debtor-in-possession financings. We also provide, through our Private Credit Finance business, asset managers and other financing sources with partial funding for their direct-lending activities, which is principally leveraged loans. We have a commercial real estate product primarily focused on lending to skilled nursing facilities, senior housing, memory care facilities, and medical office buildings. Additionally, we have an energy vertical that finances large-scale energy and infrastructure projects.
Corporate and Other
Corporate and Other primarily consists of centralized corporate treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and the residual impacts of our corporate FTP and treasury ALM activities. Corporate and Other also includes certain equity investments, which primarily consist of FHLB and FRB stock—as well as other equity investments through Ally Ventures, our strategic investment business, and reclassifications and eliminations between the reportable operating segments. Financial results related to Ally Invest, our digital brokerage and advisory offering, Ally Lending, Ally Credit Card, the management of our consumer mortgage portfolio, and CRA loans and investments are also included within Corporate and Other. We closed the sale of Ally Lending on March 1, 2024. Consumer mortgage originations ceased during the second quarter of 2025, which has and will continue to result in a gradual run-off of our consumer mortgage loan portfolio. Additionally, we closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
We utilize an FTP methodology for the majority of our business operations. The FTP methodology assigns charge rates and credit rates to classes of assets and liabilities on a match funded basis, utilizing a benchmark rate curve plus an assumed credit spread. The assumed credit spread is calculated based on a composite investment grade unsecured yield curve or based on advance rates published by the FHLB for any asset that is eligible to be pledged as collateral to the FHLB. While the baseline FTP components at Ally assume 100% debt funding, the methodology also incorporates a credit on the allocated capital for each business line based on the business line’s allocated cost of funding. For business lines not subject to an FTP funding allocation, the FTP methodology applies a capital charge to the amount of excess equity that the business line holds, relative to its regulatory capital and other adjustments. The net residual impact of the FTP methodology is included within the results of Corporate and Other.
The information presented in our reportable operating segments is based in part on internal allocations and methodologies, including a COH methodology, which involves management judgment. COH methodology is used for measuring the profit and loss of our reportable operating segments. We have various enterprise functions, such as technology, marketing, finance, compliance, internal audit, and risk. Operating expenses from the enterprise functions are either directly allocated to the reportable operating segment, indirectly allocated to the reportable operating segment utilizing the COH methodology, or remain in Corporate and Other. COH methodology considers the reportable operating segment expense base and enterprise function expenses. The reportable operating segment expense base is used to determine the allocation mix. This mix is applied to the allocable expenses in Corporate and Other to determine the COH for the respective reportable operating segment. Allocable enterprise function costs are primarily technology, marketing expenses, and marketing sponsorships. Generally, costs that remain within Corporate and Other that are not allocated to our reportable operating segments include operating costs of deposits, treasury activities, and other corporate activities.
Financial information for our reportable operating segments is summarized as follows.
Three months ended September 30, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$2,666 $49 $238 $434 $3,387 
Total interest expense1,128 16 127 307 1,578 
Net depreciation expense on operating lease assets225 — — — 225 
Net financing revenue and other interest income1,313 33 111 127 1,584 
Other revenue96 420 25 43 584 
Total net revenue1,409 453 136 170 2,168 
Provision for credit losses410 — 8 (3)415 
Noninterest expense
Compensation and benefits expense172 29 19 227 447 
Insurance losses and loss adjustment expenses— 141 — — 141 
Other operating expenses
Technology and communications expenses31 5 2 70 108 
Other (b)375 199 12 (42)544 
Total other operating expenses406 204 14 28 652 
Total noninterest expense578 374 33 255 1,240 
Income (loss) from continuing operations before income tax expense (benefit)$421 $79 $95 $(82)$513 
Total assets$113,726 $9,848 $11,343 $56,794 $191,711 
2024
Net financing revenue and other interest income
Total financing revenue and other interest income$2,637 $43 $248 $646 $3,574 
Total interest expense1,101 13 139 632 1,885 
Net depreciation expense on operating lease assets169 — — — 169 
Net financing revenue and other interest income1,367 30 109 14 1,520 
Other revenue85 437 37 56 615 
Total net revenue1,452 467 146 70 2,135 
Provision for credit losses579 — 11 55 645 
Noninterest expense
Compensation and benefits expense165 27 17 226 435 
Insurance losses and loss adjustment expenses— 135 — — 135 
Other operating expenses
Technology and communications expenses32 5 1 72 110 
Other (b)321 198 12 14 545 
Total other operating expenses353 203 13 86 655 
Total noninterest expense518 365 30 312 1,225 
Income (loss) from continuing operations before income tax expense (benefit)$355 $102 $105 $(297)$265 
Total assets$113,583 $9,455 $10,398 $59,234 $192,670 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $1.2 billion and $875 million for the three months ended September 30, 2025, and 2024, respectively.
(b)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 6 for additional information.
Nine months ended September 30, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$7,840 $138 $692 $1,435 $10,105 
Total interest expense3,286 45 369 1,146 4,846 
Net depreciation expense on operating lease assets681 — — — 681 
Net financing revenue and other interest income3,873 93 323 289 4,578 
Other revenue290 1,206 73 (356)1,213 
Total net revenue4,163 1,299 396 (67)5,791 
Provision for credit losses1,231 — 20 (261)990 
Noninterest expense
Compensation and benefits expense521 85 63 713 1,382 
Insurance losses and loss adjustment expenses— 505 — — 505 
Goodwill impairment— — — 305 305 
Other operating expenses
Technology and communications expenses90 14 4 204 312 
Other (b)1,053 586 42 (49)1,632 
Total other operating expenses1,143 600 46 155 1,944 
Total noninterest expense1,664 1,190 109 1,173 4,136 
Income (loss) from continuing operations before income tax expense (benefit)$1,268 $109 $267 $(979)$665 
Total assets$113,726 $9,848 $11,343 $56,794 $191,711 
2024
Net financing revenue and other interest income
Total financing revenue and other interest income$7,819 $123 $769 $1,983 $10,694 
Total interest expense3,176 40 428 2,029 5,673 
Net depreciation expense on operating lease assets516 — — — 516 
Net financing revenue and other interest income4,127 83 341 (46)4,505 
Other revenue275 1,159 90 126 1,650 
Total net revenue4,402 1,242 431 80 6,155 
Provision for credit losses1,410 — 13 186 1,609 
Noninterest expense
Compensation and benefits expense503 81 61 751 1,396 
Insurance losses and loss adjustment expenses— 428 — — 428 
Other operating expenses
Technology and communications expenses95 14 4 206 319 
Other (b)975 587 39 75 1,676 
Total other operating expenses1,070 601 43 281 1,995 
Total noninterest expense1,573 1,110 104 1,032 3,819 
Income (loss) from continuing operations before income tax expense (benefit)$1,419 $132 $314 $(1,138)$727 
Total assets$113,583 $9,455 $10,398 $59,234 $192,670 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $3.6 billion and $2.9 billion for the nine months ended September 30, 2025, and 2024, respectively.
(b)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 6 for additional information.