8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 19, 2022

(Date of report; date of earliest event reported)

Commission file number: 1-3754

ALLY FINANCIAL INC.

(Exact name of registrant as specified in its charter)

Delaware	38-0572512
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Ally Detroit Center

500 Woodward Ave.

Floor 10, Detroit, Michigan

48226

(Address of principal executive offices)

(Zip Code)

(866) 710-4623

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act (listed on the New York Stock Exchange):

Title of each class	Trading symbols	Name of each exchange on which registered
Common Stock, par value $0.01 per share	ALLY	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition.

On October 19, 2022, Ally Financial Inc. issued a press release announcing preliminary operating results for the third quarter ended September 30, 2022. The press release is attached hereto and incorporated by reference as Exhibit 99.1. Charts furnished to securities analysts are attached hereto and incorporated by reference as Exhibit 99.2. In addition, supplemental financial data furnished to securities analysts is attached hereto and incorporated by reference as Exhibit 99.3.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release, Dated October 19, 2022
99.2	Charts Furnished to Securities Analysts
99.3	Supplemental Financial Data Furnished to Securities Analysts
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ALLY FINANCIAL INC.
	(Registrant)
Dated: October 19, 2022	/s/ David J. DeBrunner
	David J. DeBrunner
	Vice President, Controller, and Chief Accounting Officer

EX-99.1

Exhibit 99.1  

  News release: IMMEDIATE RELEASE

Ally Financial Reports Third Quarter 2022 Financial Results

$0.88 GAAP EPS	10.0% RETURN ON COMMON EQUITY	$417 million PRE-TAX INCOME	$2.02 billion GAAP TOTAL NET REVENUE
$1.12 ADJUSTED EPS1	17.2% CORE ROTCE1	$510 million CORE PRE-TAX INCOME1	$2.09 billion ADJUSTED TOTAL NET REVENUE 1

	•  Established leader in dealer financial services offering comprehensive suite of auto finance and insurance products
	–  Consumer auto originations of $12.3 billion, 3.1 million decisioned applications | High-tech, high-touch dealer relationship model
	–  8.75% Estimated Retail Auto Originated Yield1, up 165 bps YoY and 93 bps QoQ demonstrating continued pricing momentum
	–  Insurance written premiums of $291 million | $5.6 billion investment management portfolio
	•  Leading, digital-first Ally Bank platform generating strong growth across consumer and commercial product suite
	–  Retail deposit balances of $133.9 billion, up $2.7 billion QoQ | On track for full-year retail balance growth
	–  Retail deposit customers of 2.6 million, up 6% YoY, grew for the 54th consecutive quarter
	–  Ally Home® direct-to-consumer mortgage originations of $0.5 billion | Lower originations reflecting industry trends
	–  Ally Invest net customer assets of $13.1 billion | 521 thousand active accounts
	–  Ally Lending gross originations of $0.6 billion | 426 thousand active borrowers and 3.5 thousand merchants
	–  Ally Credit Card balances of $1.4 billion | 1.0 million active cardholders
	–  Corporate Finance held-for-investment portfolio of $9.4 billion | Strong growth in lower-risk, asset-based lending
	•  Announced 4Q 2022 common dividend of $0.30 per share | Completed $415 million of share repurchases in the third quarter

	“Ally’s operating results this quarter demonstrate that our businesses continue to perform well even in a challenging environment,” said Chief Executive Officer Jeffrey J. Brown. “I remain pleased with the continued evolution and execution across the company – evidenced across our multi-year trends and numerous metrics. Financial results were partially depressed this quarter as a result of an impairment on a nonmarketable equity investment related to our mortgage business, impacting $0.33 of EPS, and higher provisions as a result of loan growth in auto finance and a larger coverage build to ensure the company remains protected as recessionary conditions feel more likely to occur in the coming months.
	“Our Dealer Financial Services business demonstrated the benefits of scale and deep relationships, evidenced by $12.3 billion consumer originations despite continued supply constraints. The pivot of our business model years ago has enabled Ally to continue prudently growing even in times when the auto finance environment contracts. At Ally Bank, retail deposits grew again this quarter which ensures the company maintains a stable and cost-effective source of funds even as capital markets stress increases. Ally today is nearly 90% core funded which provides stability in our operations. Further, Ally’s growing customer base positions the company well for growth across all of our consumer products.
	“While we remain focused on delivering solid results each quarter, we’re actively monitoring the uncertainty which lies ahead. The specific path the economy will take over the next few quarters is unclear, but Ally has an incredibly strong foundation in our people and businesses. Our ‘Do It Right’ culture underpins everything we do. We’ve fostered an owners’ mentality across more than 11,000 teammates which heightens our focus on risk management and unwavering focus on controlling what we can control. Our teams have demonstrated an ability to deliver results across a variety of operating environments and we will leverage that expertise in executing against our strategic priorities. We’re focused on continuing to be the leading digital financial services company and delivering long-term value for all our stakeholders.”

Third Quarter 2022 Financial Results  

										Increase / (Decrease) vs.
($ millions except per share data)		3Q 22			2Q 22			3Q 21		2Q 22		3Q 21
GAAP Net Income Attributable to Common Shareholders	$	272		$	454		$	683		(40	)%	(60	)%
Core Net Income Attributable to Common Shareholders1	$	346		$	570		$	782		(39	)%	(56	)%
GAAP Earning per Common Share	$	0.88		$	1.40		$	1.89		(37	)%	(54	)%
Adjusted EPS1	$	1.12		$	1.76		$	2.16		(36	)%	(48	)%
Return on GAAP Shareholder’s Equity		10.0	%		14.7	%		18.1	%	(32	)%	(45	)%
Core ROTCE1		17.2	%		23.2	%		24.2	%	(26	)%	(29	)%
GAAP Common Shareholder’s Equity per Share	$	33.66		$	37.28		$	42.81		(10	)%	(21	)%
Adjusted Tangible Book Value per Share1	$	28.39		$	32.16		$	39.72		(12	)%	(29	)%
GAAP Total Net Revenue	$	2,016		$	2,076		$	1,985		(3	)%	2	%
Adjusted Total Net Revenue1	$	2,089		$	2,222		$	2,110		(6	)%	(1	)%
Pre-Provision Net Revenue1	$	855		$	938		$	983		(9	)%	(13	)%
Core Pre-Provision Net Revenue1	$	948		$	1,084		$	1,108		(13	)%	(14	)%

¹ The following are non-GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements, but which are supplemental to and not a substitute for GAAP measures: Adjusted Earnings per Share (Adjusted EPS), Adjusted Total Net Revenue, Core Pre-Tax Income, Core Net Income Attributable to Common Shareholders, Pre-Provision Net Revenue (PPNR), Core Pre-Provision Net Revenue (Core PPNR), Core OID, Core Return on Tangible Common Equity (Core ROTCE), Estimated Retail Auto Originated Yield, Tangible Common Equity, Net Financing Revenue (excluding Core OID) and Adjusted Tangible Book Value per Share (Adjusted TBVPS). These measures are used by management and we believe are useful to investors in assessing the company’s operating performance and capital. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms, and Reconciliation to GAAP later in this release.

Discussion of third Quarter 2022 Results

Net income attributable to common shareholders was $272 million in the quarter, compared to $683 million in the third quarter of 2021, as higher net financing revenue was more than offset by higher provision for credit losses, higher noninterest expenses and lower other revenue. Net financing revenue was $1.72 billion, up $125 million year over year, as continued strength in auto pricing and origination volume and incremental loan growth outweighed higher funding costs. Other revenue decreased $94 million year over year to $297 million, due to a $136 million impairment on a nonmarketable equity investment which was partially offset by debt extinguishment charges in the prior year. Adjusted other revenueA, excluding the change in fair value of equity securities, decreased $148 million year over year to $359 million due to the aforementioned impairment. Net interest margin (“NIM”) of 3.81%, including Core OIDB of 2 bps, increased 15 bps year over year. Excluding Core OIDB, NIM was 3.83%, up 15 bps year over year, primarily due to lower excess cash, hedging activity, higher retail auto yields, and larger contributions from Ally Lending and Ally Card, partially offset by higher funding costs and normalizing lease yields. Provision for credit losses increased $362 million year over year to $438 million, reflecting credit losses which are normalizing in-line with expectations and CECL reserve build attributable to robust retail auto origination volume. Noninterest expense increased $159 million year over year due to the addition of credit card operations, a charge related to the termination of legacy pension funds and continued investments in business growth, talent and technology.

^AAdjusted other revenue is a non-GAAP financial measure. Adjusted for (i) repositioning items related to loss on extinguishment of debt associated with the redemption of TRUPs and (ii) change in the fair value of equity securities due to the implementation of ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/2018 in which such adjustments were recognized through other comprehensive income, a component of equity.

^BRepresents a non-GAAP financial measure. Refer to definitions of Non-GAAP Financial Measures and Other Key Terms later in this release.

    Third Quarter 2022 Financial Results    

										Increase/(Decrease) vs.
($ millions except per share data)	3Q 22			2Q 22			3Q 21			2Q 22			3Q 21
Net Financing Revenue (excluding Core OID)1	$	1,730		$	1,774		$	1,603		$	(45	)	$	126
Core OID		(11	)		(10	)		(9	)		(0	)		(1	)
(a) Net Financing Revenue		1,719			1,764			1,594			(45	)		125
Adjusted Other Revenue2		359			448			507			(89	)		(148	)
Change in Fair Value of Equity Securities2		(62	)		(136	)		(65	)		74			2
Repositioning		—			—			(52	)		—			52
(b) Other Revenue		297			312			391			(15	)		(94	)
(c) Provision for Credit Losses		438			304			76			134			362
Noninterest Expense (ex. Repositioning)2		1,141			1,138			1,002			3			139
Repositioning2		20			—			—			20			20
(d) Noninterest Expense		1,161			1,138			1,002			23			159
Pre-Tax Income (a+b-c-d)	$	417		$	634		$	907		$	(217	)	$	(490	)
Income Tax Expense		117			152			195			(35	)		(78	)
Net Loss from Discontinued Operations		(1	)		—			—			(1	)		(1	)
Net Income	$	299		$	482		$	712		$	(183	)	$	(413	)
Preferred Dividends		27			28			29			(1	)		(2	)
Net Income Attributable to Common Shareholders	$	272		$	454		$	683		$	(182	)	$	(411	)
GAAP EPS (diluted)	$	0.88		$	1.40		$	1.89		$	(0.52	)	$	(1.01	)
Core OID, Net of Tax		0.03			0.02			0.02			0.00			0.01
Change in Fair Value of Equity Securities, Net of Tax		0.16			0.33			0.14			(0.17	)		0.02
Repositioning, Discontinued Ops, and Other, Net of Tax3		0.05			—			0.11			0.05			(0.06	)
Adjusted EPS4	$	1.12		$	1.76		$	2.16		$	(0.64	)	$	(1.04	)

(1) Represents a non-GAAP financial measure. Adjusted for Core OID. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms and Reconciliation to GAAP later in this press release.

(2) Represents a non-GAAP financial measure. Adjusted for change in the fair value of equity securities due to the implementation of ASU 2016-01, which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/2018 in which such adjustments were recognized through other comprehensive income, a component of equity.

(3) Repositioning, net of tax in 3Q 2022 includes a $20 million charge related to legacy pension funds, 3Q 2021 includes a $52 million charge associated with redeeming TRUPs.

(4) Represents a non-GAAP financial measure. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms and Reconciliation to GAAP later in this press release.

2

    Pre-Tax Income by Segment    

											Increase/(Decrease) vs.
($ millions)		3Q 22			2Q 22			3Q 21			2Q 22			3Q 21
Automotive Finance	$	488		$	600		$	825		$	(112	)	$	(337	)
Insurance		(30	)		(122	)		24			92			(54	)
Dealer Financial Services	$	458		$	478		$	849		$	(20	)	$	(391	)
Corporate Finance		91			60			61			31			30
Mortgage Finance		19			6			6			13			13
Corporate and Other		(151	)		90			(9	)		(241	)		(142	)
Pre-Tax Income from Continuing Operations	$	417		$	634		$	907		$	(217	)	$	(490	)
Core OID1		11			10			9			0			1
Change in Fair Value of Equity Securities2		62			136			65			(74	)		(2	)
Repositioning and Other3		20			—			52			20			(31	)
Core Pre-Tax Income4	$	510		$	780		$	1,032		$	(271	)	$	(523	)

(1) Core OID for all periods shown is applied to the pre-tax income of the Corporate and Other segment. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms and Reconciliation to GAAP later in this release.

(2) Change in fair value of equity securities impacts the Insurance and Corporate Finance segments. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/2018 in which such adjustments were recognized through other comprehensive income, a component of equity.

(3) Repositioning in 3Q 2022 includes a $20 million charge related to legacy pension funds while 3Q 2021 includes a $52 million charge related to loss on extinguishment of debt associated with the redemption of TRUPs

(4) Core pre-tax income is a non-GAAP financial measure that adjusts pre-tax income from continuing operations for Core OID, equity fair value adjustments related to ASU 2016-01, and repositioning and other primarily related to the loss on extinguishment of debt associated with the redemption of TRUPs. Management believes core pre-tax income can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms later in this release.

Discussion of Segment Results

Auto Finance Pre-tax income of $488 million was down $337 million year over year, primarily due to higher provision expense to support origination volume and higher noninterest expense. Net financing revenue of $1,303 million was $26 million lower year over year, driven by lower lease gains, partially offset by higher retail auto portfolio balances. Ally’s retail auto portfolio yield, excluding the impact of hedges, increased 20 bps year over year to 7.04% as the portfolio churns and reflects higher originated yields from recent periods. Provision for credit losses was $328 million, increasing $275 million year over year, driven by reserve build to support strong retail originations. The retail auto net charge-off rate was 1.05%, up 78 bps year over year. Consumer auto originations of $12.3 billion were the highest third quarter since 2006 and included $7.9 billion of used retail volume, or 64% of total originations, $3.4 billion of new retail volume, and $1.1 billion of leases. Estimated retail auto originated yieldC of 8.75% in the quarter was up 165 bps year over year. End-of-period auto earning assets increased $9.6 billion year over year from $101.2 billion to $110.9 billion, due to an increase in both consumer and commercial auto earning assets. End-of-period consumer auto earning assets were up $6.0 billion year over year, driven by growth in retail loans. End-of-period commercial earning assets of $16.2 billion were $3.6 billion higher year over year. Insurance Pre-tax loss of $30 million compared to pre-tax income of $24 million in the prior year while core pre-tax incomeE decreased $57 million year over year to $32 million. Both year over year changes were primarily due to lower equity investment gains given market conditions. Written premiums were $291 million, relatively flat year over year despite lower vehicle sales. Total investment income, excluding a $62 million decrease in the fair value of equity securities during the quarterD, was $30 million, down $50 million year over year due to elevated realized gains in the prior year and broader equity market trends in the quarter.

^CRepresents a non-GAAP financial measure. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms and Reconciliation to GAAP later in this release.

^DASU 2016-01 requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/2018 in which such adjustments were recognized through other comprehensive income, a component of equity.

^ERepresents a non-GAAP financial measure. Excludes equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/2018 in which such adjustments were recognized through other comprehensive income, a component of equity. Refer to the definitions of Non-GAAP Financial Measures and Other Key Terms and Reconciliation to GAAP later in this release.

3

Discussion of Segment Results

Corporate Finance

Pre-tax income of $91 million in the quarter was $30 million higher year over year, as higher other revenue due to a gain from a previously restructured loan exposure was partially offset by higher provision expense to support portfolio growth.

Net financing revenue increased $3 million year over year to $80 million. Other revenue increased $39 million year over year to $54 million due to the gain mentioned previously.

Provision for credit losses was $13 million, increasing $8 million from the prior-year period due to reserve build to support portfolio growth. Overall, the portfolio continues to reflect strong credit performance.

The held-for-investment loan portfolio of $9.4 billion includes 56% asset-based loans.

Mortgage Finance

Pre-tax income of $19 million was up $13 million year over year, driven by higher net financing revenue offset by lower other revenue.

Net financing revenue was up $21 million year over year to $57 million, reflecting growth in asset balances and lower prepayment activity. Other revenue decreased $12 million year over year to $7 million, primarily driven by lower gain on sale margins and unit volume.

Direct-to-consumer originations totaled $0.5 billion in the quarter, down 85% year over year given the contraction in the overall mortgage market. Refinance activity was down 98% year over year.

Existing Ally Bank deposit customers accounted for 50% of the quarter’s direct-to-consumer origination volume.

Capital, Liquidity & Deposits

Capital Ally paid a $0.30 per share quarterly common dividend, which was up 20% year over year. Additionally, Ally completed $415 million of share repurchases in the third quarter, including shares withheld to cover income taxes owed by participants related to share-based incentive plans. Ally’s board of directors approved a $0.30 per share common dividend for the fourth quarter of 2022. Ally’s Common Equity Tier 1 (CET1) capital ratio decreased from 9.6% to 9.3% quarter over quarter while risk weighed assets (RWA) increased from $152.3 billion to $155.1 billion, primarily driven by retail auto growth. The decline in CET1 was the result of aforementioned RWA growth, as well as share repurchase and dividend activity that more than offset net income. Liquidity & Funding Consolidated cash and cash equivalentsF totaled $4.6 billion at quarter-end, up from $3.7 billion at the end of the second quarter. Total liquidityG was $27.3 billion at quarter-end. Deposits represented 86% of Ally’s funding portfolio at quarter-end. Deposits Retail deposits increased to $133.9 billion at quarter-end, up $2.3 billion year over year and up $2.7 billion quarter over quarter. Total deposits increased $6.3 billion year over year to $145.8 billion and Ally maintained industry-leading customer retention at 96%. The average retail portfolio deposit rate was 1.50% for the quarter, up 85 bps year over year and up 79 bps quarter over quarter. Ally’s retail deposit customer base grew 6% year over year, totaling 2.6 million customers at quarter-end. Millennials and younger customers continue to comprise the largest generation segment of new customers, accounting for 69% of new customers in the quarter. Approximately 9% of deposit customers maintained an Ally Invest or Ally Home relationship at quarter-end.

^FCash & cash equivalents may include the restricted cash accumulation for retained notes maturing within the following 30 days and returned to Ally on the distribution date.

^GTotal liquidity includes cash & cash equivalents, highly liquid securities and current committed unused borrowing capacity. See page 18 of the Financial Supplement for more details.

4

Definitions of Non-GAAP Financial  Measures and Other Key Terms  

Ally believes the non-GAAP financial measures defined here are important to the reader of the Consolidated Financial Statements, but these are supplemental to and not a substitute for GAAP measures. See Reconciliation to GAAP below for calculation methodology and details regarding each measure.

Adjusted Earnings per Share (Adjusted EPS) is a non-GAAP financial measure that adjusts GAAP EPS for revenue and expense items that are typically strategic in nature or that management otherwise does not view as reflecting the operating performance of the company. Management believes Adjusted EPS can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. In the numerator of Adjusted EPS, GAAP net income attributable to common shareholders is adjusted for the following items: (1) excludes discontinued operations, net of tax, as Ally is primarily a domestic company and sales of international businesses and other discontinued operations in the past have significantly impacted GAAP EPS, (2) adds back the tax-effected non-cash Core OID, (3) adjusts for tax-effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, (4) excludes equity fair value adjustments (net of tax) related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, (5) excludes significant discrete tax items that do not relate to the operating performance of the core businesses and adjusts for preferred stock capital actions (e.g., Series A and Series G) that have been taken by the company to normalize its capital structure, as applicable for respective periods.

Adjusted Efficiency Ratio is a non-GAAP financial measure that management believes is helpful to readers in comparing the efficiency of its core banking and lending businesses with those of its peers. In the numerator of Adjusted Efficiency Ratio, total noninterest expense is adjusted for Rep and warrant expense, Insurance segment expense, and repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods. In the denominator, total net revenue is adjusted for Core OID and Insurance segment revenue. See Reconciliation to GAAP on page 7 for calculation methodology and details.

Adjusted Tangible Book Value per Share (Adjusted TBVPS) is a non-GAAP financial measure that reflects the book value of equity attributable to shareholders even if Core OID balance were accelerated immediately through the financial statements. As a result, management believes Adjusted TBVPS provides the reader with an assessment of value that is more conservative than GAAP common shareholder’s equity per share. Adjusted TBVPS generally adjusts common equity for: (1) goodwill and identifiable intangibles, net of DTLs, (2) tax-effected Core OID balance to reduce tangible common equity in the event the corresponding discounted bonds are redeemed/tendered and (3) Series G discount which reduces tangible common equity as the company has normalized its capital structure, as applicable for respective periods.

Core Net Income Attributable to Common Shareholders is a non-GAAP financial measure that serves as the numerator in the calculations of Adjusted EPS and Core ROTCE and that, like those measures, is believed by management to help the reader better understand the operating performance of the core businesses and their ability to generate earnings. Core Net Income Attributable to Common Shareholders adjusts GAAP net income attributable to common shareholders for discontinued operations net of tax, tax-effected Core OID expense, tax-effected repositioning and other primarily related to the extinguishment of high-cost legacy debt and strategic activities and significant other, preferred stock capital actions, significant discrete tax items and tax-effected changes in equity investments measured at fair value, as applicable for respective periods. See Reconciliation to GAAP on page 6 for calculation methodology and details.

Core Original Issue Discount (Core OID) Amortization Expense is a non-GAAP financial measure for OID, and is believed by management to help the reader better understand the activity removed from: Core pre-tax income (loss), Core net income (loss) attributable to common shareholders, Adjusted EPS, Core ROTCE, Adjusted efficiency ratio, Adjusted total net revenue, and Net financing revenue (excluding Core OID). Core OID is primarily related to bond exchange OID which excludes international operations and future issuances. See page 7 for calculation methodology and details.

Core Outstanding Original Issue Discount Balance (Core OID balance) is a non-GAAP financial measure for outstanding OID and is believed by management to help the reader better understand the balance removed from Core ROTCE and Adjusted TBVPS. Core OID balance is primarily related to bond exchange OID which excludes international operations and future issuances. See page 7 for calculation methodology and details.

Core Pre-Tax Income is a non-GAAP financial measure that adjusts pre-tax income from continuing operations by excluding (1) Core OID, and (2) equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, and (3) Repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods. Management believes Core Pre-Tax Income can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. See the Pre-Tax Income by Segment Table on page 3 for calculation methodology and details.

Core Pre-Provision Net Revenue (Core PPNR) is a non-GAAP financial measure calculated by adjusting Core pre-tax income to add back provision for credit losses. Management believes that Core PPNR is a helpful financial metric because it enables the reader to assess the core businesses ability to generate earnings to cover credit losses and as it is utilized by Federal Reserve’s approach to modeling within the Supervisory Stress Test Framework that generally follows U.S. generally accepted accounting principles (GAAP) and includes a calculation of PPNR as a component of projected pre-tax net income. See page 8 for calculation methodology and details.

Core Return on Tangible Common Equity (Core ROTCE) is a non-GAAP financial measure that management believes is helpful for readers to better understand the ongoing ability of the company to generate returns on its equity base that supports core operations. For purposes of this calculation, tangible common equity is adjusted for Core OID balance and net DTA. Ally’s Core net income attributable to common shareholders for purposes of calculating Core ROTCE is based on the actual effective tax rate for the period adjusted for significant discrete tax items including tax reserve releases, which aligns with the methodology used in calculating adjusted earnings per share.

(1) In the numerator of Core ROTCE, GAAP net income attributable to common shareholders is adjusted for discontinued operations net of tax, tax-effected Core OID, tax-effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, fair value adjustments (net of tax) related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, significant discrete tax items, and preferred stock capital actions, as applicable for respective periods.

(2) In the denominator, GAAP shareholder’s equity is adjusted for goodwill and identifiable intangibles net of DTL, Core OID balance, and net DTA.

Corporate and Other primarily consists of activity related to 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, the amortization of the discount associated with new debt issuances and bond exchanges, and the residual impacts of our corporate FTP and treasury ALM activities. Corporate and Other also includes certain equity investments, the management of our legacy mortgage portfolio, and reclassifications and eliminations between the reportable operating segments. Subsequent to June 1, 2016, the revenue and expense activity associated with Ally Invest was included within the Corporate and Other segment. Subsequent to October 1, 2019, the revenue and expense activity associated with Ally Lending was included within the Corporate and Other segment. Subsequent to December 1, 2021, the revenue and expense activity associated with Fair Square was included within the Corporate and Other segment.

Estimated impact of CECL on regulatory capital per final rule issued by U.S. banking agencies - In December 2018, the FRB and other U.S. banking agencies approved a final rule to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, the option to phase in the day-one impact of CECL over a three-year period. In March 2020, the FRB and other U.S. banking agencies issued an interim final rule that became effective on March 31, 2020 and provided an alternative option for banks to temporarily delay the impacts of CECL, relative to the incurred loss methodology for estimating the allowance for loan losses, on regulatory capital. A final rule that was largely unchanged from the March 2020 interim final rule was issued by the FRB and other U.S. banking agencies in August 2020, and became effective in September 2020. For regulatory capital purposes, these rules permitted us to delay recognizing the estimated impact of CECL on regulatory capital until after a two-year deferral period, which for us extended through December 31, 2021. Beginning on January 1, 2022, we are required to phase in 25% of the previously deferred estimated capital impact of CECL, with an additional 25% to be phased in at the beginning of each subsequent year until fully phased in by the first quarter of 2025. Under these rules, firms that adopt CECL and elect the five-year transition will calculate the estimated impact of CECL on regulatory capital as the day-one impact of adoption plus 25% of the subsequent change in allowance during the two-year deferral period, which according to the final rule approximates the impact of CECL relative to an incurred loss model. We adopted this transition option during the first quarter of 2020, and beginning January 1, 2022, are phasing in the regulatory capital impacts of CECL based on this five-year transition period.

5

Estimated Retail Auto Originated Yield is a forward-looking non-GAAP financial measure determined by calculating the estimated average annualized yield for loans originated during the period. At this time there currently is no comparable GAAP financial measure for Estimated Retail Auto Originated Yield and therefore this forecasted estimate of yield at the time of origination cannot be quantitatively reconciled to comparable GAAP information.

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.

Tangible Common Equity is a non-GAAP financial measure that is defined as common stockholders’ equity less goodwill and identifiable intangible assets, net of deferred tax liabilities. Ally considers various measures when evaluating capital adequacy, including tangible common equity. Ally believes that Tangible Common Equity is important because we believe readers 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. For purposes of calculating Core Return on Tangible Common Equity (Core ROTCE), Tangible Common Equity is further adjusted for Core OID balance and net deferred tax asset. See page 6 for calculation methodology & details.

U.S. Consumer Auto Originations
New Retail – standard and subvented rate new vehicle loans	Used Retail – used vehicle loans
Growth – total originations from non-GM/Stellantis dealers and direct-to-consumer loans	Lease – new vehicle lease originations

Reconciliation to GAAP

Adjusted Earnings per Share
Numerator ($ millions)			3Q 22			2Q 22			3Q 21
GAAP Net Income Attributable to Common Shareholders			$	272		$	454		$	683
Discontinued Operations, Net of Tax				1			—			—
Core OID				11			10			9
Repositioning and Other				20			—			52
Change in the Fair Value of Equity Securities				62			136			65
Tax on: Core OID & Change in Fair Value of Equity Securities (21% starting 1Q18)				(20	)		(31	)		(26	)
Core Net Income Attributable to Common Shareholders	[a	]	$	346		$	570		$	782
Denominator
Weighted-Average Common Shares Outstanding - (Diluted, thousands)	[b	]		310,086			324,027			361,855
Adjusted EPS	[a] ÷ [b	]	$	1.12		$	1.76		$	2.16
Core Return on Tangible Common Equity (ROTCE)
Numerator ($ millions)			3Q 22			2Q 22			3Q 21
GAAP Net Income Attributable to Common Shareholders			$	272		$	454		$	683
Discontinued Operations, Net of Tax				1			—			—
Core OID				11			10			9
Repositioning and Other				20			—			52
Change in Fair Value of Equity Securities				62			136			65
Tax on: Core OID & Change in Fair Value of Equity Securities (21% starting 1Q18)				(20	)		(31	)		(26	)
Core Net Income Attributable to Common Shareholders	[a	]	$	346		$	570		$	782
Denominator (Average, $ millions)
GAAP Shareholder’s Equity			$	13,209		$	14,699		$	17,410
Preferred Equity				(2,324	)		(2,324	)		(2,324	)
GAAP Common Shareholder’s Equity			$	10,885			12,375		$	15,086
Goodwill & Identifiable Intangibles, Net of Deferred Tax Liabilities (DTLs)				(915	)		(926	)		(371	)
Tangible Common Equity			$	9,970		$	11,449		$	14,714
Core OID Balance				(858	)		(868	)		(926	)
Net Deferred Tax Asset (DTA)				(1,068	)		(758	)		(866	)
Normalized Common Equity	[b	]	$	8,044		$	9,822		$	12,923
Core Return on Tangible Common Equity	[a] ÷ [b	]		17.2	%		23.2	%		24.2	%

6

Adjusted Tangible Book Value per Share
Numerator ($ millions)		3Q 22			2Q 22			3Q 21
GAAP Shareholder’s Equity		$	12,434		$	13,984		$	17,289
Preferred Equity			(2,324	)		(2,324	)		(2,324	)
GAAP Common Shareholder’s Equity		$	10,110		$	11,660		$	14,965
Goodwill and Identifiable Intangible Assets, Net of DTLs			(910	)		(920	)		(369	)
Tangible Common Equity			9,200			10,740			14,596
Tax-effected Core OID Balance (21% starting in 4Q17)			(673	)		(682	)		(711	)
Adjusted Tangible Book Value	[a]	$	8,527		$	10,058		$	13,885
Denominator
Issued Shares Outstanding (period-end, thousands)	[b]		300,335			312,781			349,599
Metric
GAAP Common Shareholder’s Equity per Share		$	33.66		$	37.28		$	42.81
Goodwill and Identifiable Intangible Assets, Net of DTLs per Share			(3.03	)		(2.94	)		(1.06	)
Tangible Common Equity per Share		$	30.63		$	34.34		$	41.75
Tax-effected Core OID Balance (21% starting in 4Q17) per Share			(2.24	)		(2.18	)		(2.03	)
Adjusted Tangible Book Value per Share	[a] ÷ [b]	$	28.39		$	32.16		$	39.72
Adjusted Efficiency Ratio
Numerator ($ millions)		3Q 22			2Q 22			3Q 21
GAAP Noninterest Expense		$	1,161		$	1,138		$	1,002
Insurance Expense			(290	)		(300	)		(273	)
Repositioning and Other			(20	)		—			—
Adjusted Noninterest Expense for Adjusted Efficiency Ratio	[a]	$	851		$	838		$	729
Denominator ($ millions)
Total Net Revenue		$	2,016		$	2,076		$	1,985
Core OID			11			10			9
Repositioning Items			—			—			52
Insurance Revenue			(260	)		(178	)		(297	)
Adjusted Net Revenue for Adjusted Efficiency Ratio	[b]	$	1,767		$	1,908		$	1,749
Adjusted Efficiency Ratio	[a] ÷ [b]		48.2	%		43.9	%		41.7	%
Original Issue Discount Amortization Expense ($ millions)
		3Q 22			2Q 22			3Q 21
Core Original Issue Discount (Core OID) Amortization Expense		$	11		$	10		$	9
Other OID			3			2			3
GAAP Original Issue Discount Amortization Expense		$	13		$	13		$	12
Outstanding Original Issue Discount Balance ($ millions)
		3Q 22			2Q 22			3Q 21
Core Outstanding Original Issue Discount Balance (Core OID Balance)		$	(852	)	$	(863	)	$	(900	)
Other Outstanding OID Balance			(36	)		(39	)		(29	)
GAAP Outstanding Original Issue Discount Balance		$	(888	)	$	(901	)	$	(929	)

7

($ millions)
Net Financing Revenue (ex. Core OID)				3Q 22			2Q 22		3Q 21
GAAP Net Financing Revenue		[w]		$	1,719		$	1,764	$	1,594
Core OID					11			10		9
Net Financing Revenue (ex. Core OID)		[a]		$	1,730		$	1,774	$	1,603
Adjusted Other Revenue					3Q 22			2Q 22		3Q 21
GAAP Other Revenue		[x]		$	297		$	312	$	391
Accelerated OID & repositioning items					—			—		52
Change in Fair Value of Equity Securities					62			136		65
Adjusted Other Revenue		[b]		$	359		$	448	$	507
Adjusted Total Net Revenue					3Q 22			2Q 22		3Q 21
Adjusted Total Net Revenue		[a]+[b]		$	2,089		$	2,222	$	2,110
Adjusted Provision for Credit Losses					3Q 22			2Q 22		3Q 21
GAAP Provision for Credit Losses		[y	]	$	438		$	304	$	76
Adjusted Provision for Credit Losses		[c]		$	438		$	304	$	76
Adjusted NIE (ex. Repositioning)					3Q 22			2Q 22		3Q 21
GAAP Noninterest Expense		[z]		$	1,161		$	1,138	$	1,002
Repositioning					(20	)		—		—
Adjusted NIE (ex. Repositioning)	[d]			$1,141			$1,138		$1,002
Core Pre-Tax Income					3Q 22			2Q 22		3Q 21
Pre-Tax Income		[w]+[x]-[y]-[z]		$	417		$	634	$	907
Core Pre-Tax Income		[a]+[b]-[c]-[d]			$510			$780		$1,032
Core Pre-Provision Net Revenue (Core PPNR)					3Q 22			2Q 22		3Q 21
Pre-Provision Net Revenue		[w]+[x]-[z]		$	855		$	938	$	983
Core Pre-Provision Net Revenue		[a]+[b]-[d]		$	948		$	1,084	$	1,108

Insurance Non-GAAP Walk to Core Pre-Tax Income

($ millions)				3Q 2022						3Q 2021
	GAAP			Change in the fair value of equity securities		Non-GAAP1		GAAP		Change in the fair value of equity securities		Non-GAAP1
Insurance
Premiums, Service Revenue Earned and Other	$	292		$	—	$	292	$	282	$	—	$	282
Losses and Loss Adjustment Expenses		70			—		70		69		—		69
Acquisition and Underwriting Expenses		220			—		220		204		—		204
Investment Income and Other		(32	)		62		30		15		65		80
Pre-Tax Income from Continuing Operations	$	(30	)	$	62	$	32	$	24	$	65	$	89

¹Non-GAAP line items walk to Core Pre-Tax Income, a non-GAAP financial measure that adjusts Pre-Tax Income.

8

Additional Financial Information

For additional financial information, the third quarter 2022 earnings presentation and financial supplement are available in the Events & Presentations section of Ally’s Investor Relations Website at http://www.ally.com/about/investor/events-presentations/.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a digital financial services company committed to its promise to “Do It Right” for its consumer, commercial and corporate customers. Ally is composed of an industry-leading independent auto finance and insurance operation, an award-winning digital direct bank (Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products), a consumer credit card business, a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. Our brand conviction is that we are all better off with an ally, and our focus is on helping our customers achieve their strongest financial well-being, a notion personalized to what is important to them. For more information, please visit www.ally.com and follow @allyfinancial.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit http://media.ally.com.

Forward-Looking Statements

This earnings release and related communications should be read in conjunction with the financial statements, notes, and other information contained in our 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 and third-party data available at the time of the release or related communication.

This earnings release and related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts — such as statements about the outlook for financial and operating metrics and performance and future capital allocation and actions. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future.

Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2021, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (collectively, our “SEC filings”). Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent SEC filings.

This earnings release and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to generally accepted accounting principles (“GAAP”). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the release.

Unless the context otherwise requires, the following definitions apply. The term “loans” means the following consumer and commercial products associated with our direct and indirect financing activities: loans, retail installment sales contracts, lines of credit, and other financing products excluding operating leases. The term “operating leases” means consumer- and commercial-vehicle lease agreements where Ally is the lessor and the lessee is generally not obligated to acquire ownership of the vehicle at lease-end or compensate Ally for the vehicle’s residual value. The terms “lend,” “finance,” and “originate” mean our direct extension or origination of loans, our purchase or acquisition of loans, or our purchase of operating leases as applicable. The term “consumer” means all consumer products associated with our loan and operating-lease activities and all commercial retail installment sales contracts. The term “commercial” means all commercial products associated with our loan activities, other than commercial retail installment sales contracts. The term “partnerships” means business arrangements rather than partnerships as defined by law.

Contacts:
Sean Leary	Peter Gilchrist
Ally Investor Relations	Ally Communications (Media)
704-444-4830	704-644-6299
sean.leary@ally.com	peter.gilchrist@ally.com

9

EX-99.2

3Q 2022 Exhibit Preliminary 99.2 Results Ally Financial Inc. 3Q 2022 Earnings Review October 19, 2022 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com 1

3Q 2022 Preliminary Results Forward-Looking Statements and Additional Information This presentation and related communications should be read in conjunction with the financial statements, notes, and other information contained in our 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 and third-party data available at the time of the presentation or related communication. This presentation and related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts—such as statements about the outlook for financial and operating metrics and performance and future capital allocation and actions. Forward-looking statements often use words such as“believe,”“expect,”“anticipate,”“intend,”“pursue,”“seek,”“continue,”“estimate,”“project,”“outlook,” “forecast,”“potential,”“target,”“objective,”“trend,”“plan,”“goal,”“initiative,”“priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,”“will,” “should,”“would,” or“could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2021, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (collectively, our“SECfilings”). Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent SEC filings. This presentation and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to U.S. generally accepted accounting principles(“GAAP”). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the presentation. Unless the context otherwise requires, the following definitions apply. The term “loans” means the following consumer and commercial products associated with our direct and indirect financing activities: loans, retail installment sales contracts, lines of credit, and other financing products excluding operating leases. The term “operatingleases” means consumer- and commercial-vehicle lease agreements where Ally is the lessor and the lessee is generally not obligated to acquire ownership of the vehicle at lease-end or compensate Ally for the vehicle’s residual value. The terms“lend,”“finance,” and“originate” mean our direct extension or origination of loans, our purchase or acquisition of loans, or our purchase of operating leases, as applicable. The term“consumer” means all consumer products associated with our loan and operating-lease activities and all commercial retail installment sales contracts. The term “commercial” means all commercial products associated with our loan activities, other than commercial retail installment sales contracts. The term “partnerships” means business arrangements rather than partnerships as defined by law. 2

3Q 2022 Preliminary Results GAAP & Core Results: Quarterly ($ millions, except per share data) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 GAAP net income attributable to common shareholders (NIAC) $ 272 $ 454 $ 627 $ 624 $ 683 (1)(2) $ 346 $ 570 $ 687 $ 705 $ 782 Core net income attributable to common shareholders GAAP earnings per common share (EPS) (diluted, NIAC) $ 0.88 $ 1.40 $ 1.86 $ 1.79 $ 1.89 (1)(3) Adjusted EPS $ 1.12 $ 1.76 $ 2.03 $ 2.02 $ 2.16 Return on GAAP common shareholders' equity 10.0% 14.7% 18.0% 16.8% 18.1% (1)(4) 17.2% 23.2% 23.6% 22.1% 24.2% Core ROTCE GAAP common shareholders' equity per share $ 33.66 $ 37.28 $ 39.99 $ 43.58 $ 42.81 (1)(5) $ 2 8.39 $ 32.16 $ 35.04 $ 38.73 $ 39.72 Adjusted tangible book value per share (Adjusted TBVPS) Efficiency ratio 57.6% 54.8% 52.6% 49.6% 50.5% (1)(6) Adjusted efficiency ratio 48.2% 43.9% 45.6% 44.4% 41.7% GAAP total net revenue $ 2,016 $ 2,076 $ 2,135 $ 2,199 $ 1,985 (1)(7) $ 2 ,089 $ 2,222 $ 2,210 $ 2,197 $ 2,110 Adjusted total net revenue (1)(8) Pre-provision net revenue $ 855 $ 938 $ 1,013 $ 1,109 $ 983 (1)(8) Core pre-provision net revenue $ 948 $ 1,084 $ 1,088 $ 1,107 $ 1,108 Effective tax rate 28.1% 24.0% 22.6% 26.8% 21.5% (1) The following are non-GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements, but which are supplemental to and not a substitute for GAAP measures: Adjusted earnings per share (Adjusted EPS), Core pre-tax income (loss), Core pre-provision net revenue (Core PPNR), Core net income (loss) attributable to common shareholders, Core return on tangible common equity (Core ROTCE), Adjusted efficiency ratio, Adjusted total net revenue, Net financing revenue (excluding Core OID), Adjusted other revenue, Adjusted noninterest expense, Core original issue discount (Core OID) amortization expense, Core outstanding original issue discount balance (Core OID balance), and Adjusted tangible book value per share (Adjusted TBVPS). These measures are used by management, and we believe are useful to investors in assessing the company’s operating performance and capital. Refer to the Definitions of Non-GAAP Financial Measures and Other Key Terms, and Reconciliation to GAAP later in this document. (2) Core net income attributable to common shareholders is a non-GAAP financial measure. See page 29 for definition and 34 for calculation methodology. (3) Adjusted earnings per share (Adjusted EPS) is a non-GAAP financial measure. See page 34 for definition and calculation methodology. (4) Core return on tangible common equity (Core ROTCE) is a non-GAAP financial measure. See page 36 for definition and calculation methodology. (5) Adjusted tangible book value per share (Adjusted TBVPS) is a non-GAAP financial measure. See page 35 for definition and calculation methodology. (6) Adjusted efficiency ratio is a non-GAAP financial measure. See page 37 for definition and calculation methodology. (7) Adjusted total net revenue is a non-GAAP financial measure. See page 39 for calculation methodology. (8) Pre-provision net revenue (PPNR) and Core pre-provision net revenue (Core PPNR) are non-GAAP financial measures. See page 39 for definition and calculation methodology. 3

3Q 2022 Preliminary Results 3Q 2022 Financial Results Focused Execution Leading, Growing Businesses Durable Returns $1.12 17.2% $2.1B 9.3% Adjusted Total Core CET1 Adjusted (1) (1) (1) ROTCE Net Revenue Capital Ratio EPS Notable Items within the Quarter • $133M of reserve build to support profitable loan growth • $136M impairment on a nonmarketable equity investment related to our mortgage origination partner – Revised carrying value of $19M • $20M of noninterest expense related to the termination of legacy pension plan – Additional impact to be recorded in 4Q; ~$55M noninterest expense | ~$60M deferred tax expense • $21M valuation allowance against tax credits (5pp impact to effective tax rate) (1) $ in millions Revenue Provision Expense GAAP EPS Adj. EPS Reserve Build - $133 - ($0.33) ($0.33) (Loan Growth) Impairment ($136) - - ($0.33) ($0.33) Pension - - $20 ($0.05) - Tax Expense ($0.07) ($0.07) Total ($136) $133 $20 ($0.78) ($0.73) (1) Represents a non-GAAP financial measure. See pages 34, 36, and 39 for calculation methodology and details. 4

3Q 2022 Preliminary Results 3Q 2022 Operational Highlights Solid operating performance across established and growing businesses Auto & Insurance • Consumer auto originations of $12.3B | Strong underwriting & risk management capabilities supporting profitable asset growth 1 • 8.75% estimated retail auto originated yield, ↑165bps YoY and 93bps QoQ, demonstrating continued pricing momentum • Nearly 23K active U.S. dealer relationships providing 3.1M decision applications • 7 millionth vehicle sold on SmartAuction platform | Digital platform delivering fee revenue and deepening dealer relationships • Insurance written premiums of $291M | $5.6B investment management portfolio Ally Bank • Deposits: $133.9B of retail deposits, ↑$2.7B QoQ | 2.6M retail depositors | On track for FY retail balance growth • Ally Home®: $521M originations, ↓85% YoY, reflective of industry trends | $19.7B HFI balance • Ally Invest: $13.1B net customer assets | 521k active accounts • Ally Lending: $599M gross originations | 426k active borrowers | 3.5k active merchants • Ally Credit Card: $1.4B credit card loan balances | 1.0M active cardholders • Corporate Finance: $9.4B HFI loan portfolio | Strong growth in lower risk, asset-based lending segment (1) Estimated Retail Auto Originated Yield is a forward-looking non-GAAP financial measure. See page 31 for details. 5

3Q 2022 Preliminary Results Consumer Saving and Spending Trends Consumers remain healthy despite persistent inflation • Average savings balances across income segments are up ~30% compared to March 2020 – Elevated tax outflows in 2Q driving temporary decrease in balance • Consumers spending remains robust, ~20% above pre-pandemic levels – Continued strength in spending while financial obligations for consumers remain historically low Ally Savings Account Balance by Income Segment Ally Average Debit Card Spend by Income Segment Greater than $50K | Less than $50K Greater than $50K | Less than $50K +32% +28% +24% +23% Mar. Sept. Mar. Sept. 2020 2022 2020 2022 6

3Q 2022 Preliminary Results 3Q 2022 Financial Results Inc / (Dec) v. 3Q 22 Consolidated Income Statement 2Q 22 3Q 21 2Q 22 3Q 21 ($ millions, except per share data) (1) $ 1 ,730 $ 1 ,774 $ 1,603 $ (45) $ 126 Net financing revenue (ex. Core OID) (1) (11) (10) (9) (0) ( 1) Core OID Net financing revenue $ 1 ,719 $ 1,764 $ 1,594 $ (45) $ 125 Includes $136M (1) 359 448 507 (89) (148) Adjusted other revenue impairment of (2) nonmarketable equities Repositioning & change in fair value of equity securities (62) (136) (116) 74 54 Other revenue 297 312 391 (15) (94) Net charge-offs 276 153 54 123 222 Provision build 162 151 22 11 140 Provision for credit losses 438 304 76 134 362 Noninterest expense (ex. Repositioning) 1,141 1,138 1,002 3 139 Impact from termination of Repositioning items 20 - - 20 20 legacy qualified pension plan Noninterest expense 1,161 1,138 1,002 23 159 Pre-tax income $ 417 $ 634 $ 907 $ (217) $ (4 90) Income tax expense 117 152 195 (35) (78) Net loss from discontinued operations ( 1) - - ( 1) (1) Net income $ 299 $ 482 $ 712 $ (183) $ (413) Preferred stock dividends 27 28 29 ( 1) ( 2) Net income attributable to common stockholders $ 272 $ 454 $ 683 $ (182) $ (411) GAAP EPS (diluted) $0 .88 $ 1.40 $1 .89 $ (0.52) $ (1.01) (1) 0 .03 0 .02 0.02 0.00 0 .01 Core OID, net of tax Change in fair value of equity securities, net of tax 0 .16 0 .33 0 .14 ( 0.17) 0 .02 (3) 0.05 - 0.11 0 .05 ( 0.06) Repositioning, discontinued ops., and other, net of tax (4) $ 1.12 $1 .76 $ 2.16 $ ( 0.64) $ (1.04) Adjusted EPS Notable Items (EPS Impact) Other revenue: Impairment of nonmarketable equity investment $ ( 0.33) Provision for credit losses: Reserve build $ ( 0.33) (1) Represents a non-GAAP financial measure. For calculation methodology see page 39. (2) See page 38 for details and calculation methodology. (3) Represents a non-GAAP financial measure. For calculation methodology see pages 34 and 38. (4) Represents a non-GAAP financial measure. For calculation methodology see page 34. 7

3Q 2022 Preliminary Results Balance Sheet & Net Interest Margin 3Q 22 2Q 22 3Q 21 Average Average Average Balance Balance Balance Yield Yield Yield ($ millions) Retail Auto Loan $ 82,362 7.29% $ 79,695 6.82% $ 76,557 6.62% Retail Auto Loan (ex. hedge impact) 7.04% 6.85% 6.84% Auto Lease (net of depreciation) 10,588 5.98% 10,615 6.66% 10,919 9.21% Commercial Auto 15,945 4.81% 16,211 3.65% 13,887 3.54% Corporate Finance 9 ,291 6.30% 8 ,351 5.02% 6 ,735 5.12% (1) 19,762 3.10% 18,980 3.01% 15,125 2.83% Mortgage (2) 1,672 11.04% 1,346 11.94% 728 13.86% Consumer Other - Ally Lending (3) Consumer Other - Ally Credit Card 1 ,300 21.17% 1 ,093 19.71% - - Cash and Cash Equivalents 3,627 1.73% 3 ,761 0.61% 13,055 0.14% (4) 34,578 2.55% 35,050 2.35% 35,532 1.76% Investment Securities & Other Earning Assets $ 179,125 5.59% $ 175,103 5.11% $ 172,538 4.68% (4) Total Loans and Leases 141,332 6.43% 136,663 5.93% 124,290 5.99% (5) $ 142,793 1.58% $ 139,814 0.76% $ 139,244 0.70% Deposits (6) 10,046 4.99% 9 ,674 5.04% 9,787 5.19% Unsecured Debt Secured Debt 1,374 6.08% 1 ,154 6.61% 1 ,675 4.29% (7) Other Borrowings 12,502 2.48% 11,966 1.75% 4,929 3.42% (6) $ 166,715 1.89% $ 162,608 1.12% $ 155,635 1.11% Funding Sources (6) 3.83% 4.06% 3.68% NIM (ex. Core OID) NIM (as reported) 3.81% 4.04% 3.66% (1) Mortgage includes held-for-investment (HFI) loans from the Mortgage Finance segment and the HFI legacy mortgage portfolio in run-off at the Corporate and Other segment. (2) Unsecured lending from point-of-sale financing. (3) Credit Card lending portfolio. (4) Includes Community Reinvestment Act and other held-for-sale (HFS) loans. (5) Includes retail, brokered, and other deposits (inclusive of sweep deposits, mortgage escrow and other deposits). (6) Represents a non-GAAP financial measure. Excludes Core OID and Core OID balance. See page 39 for calculation methodology. (7) Includes FHLB borrowings and Repurchase Agreements. 8

3Q 2022 Preliminary Results Net Interest Margin Dynamics NIM projected to reach +/- 3.5% as Fed Funds peaks • Rapidly rising rates and liability sensitive balance sheet creating near term NIM compression • Two largest portfolios respond differently to changes in benchmark rates – Retail Auto: Fixed rate, increased pricing on new assets only, requires portfolio turnover – Deposits: Largely liquid (~70% OSA), pricing changes affect entire portfolio immediately • Projections assume Fed Funds peak of ~5% in early 2023 • Projecting continued retail portfolio yield expansion and stable deposit pricing following Fed Funds peak • Anticipated growth in high margin unsecured loans and floating assets provide an additional NIM benefit Deposit Pricing Dynamics Retail Auto Pricing Dynamics 50% Prospective Beta For Illustration 75% Prospective Beta For Illustration Mid-8% Estimated & Originated Low-3% (1) Increasing Yield & Stable Portfolio EoP OSA Yield Yield (incl. Hedge) Retail Deposit Portfolio Yield Cumulative Pricing Cumulative Pricing 0.25% 1.35% 2.25% 0.00% 0.50% 1.60% % of Portfolio Re-priced Since March 2022 % of OSA Portfolio Re-priced Since March 2022 15% 25% 35% 65% 0% 100% 100% 100% 100% n/m 9

3Q 2022 Preliminary Results Capital • 3Q 2022 CET1 ratio of 9.3% Capital Ratios and Risk-Weighted Assets • Strong commitment to driving shareholder value – Organic loan expansion driving long-term, sustainable returns Total Capital – Executed $415 million of repurchases in 3Q (~$1.6B YTD) Ratio Tier 1 Ratio – Announced 4Q common dividend of $0.30 per share CET1 Ratio • Prudent capital allocation amid highly uncertain Risk macroeconomic backdrop Weighted Assets ($B) – Expect FY 2022 repurchases of $1.7B; minimal activity In 4Q • Well-positioned for a variety of operating environments with $3.6B of CET1 capital above FRB requirement of 7.0% (Regulatory Minimum + SCB) Note: For more details on the final rules to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, to delay and subsequently phase-in its impact, see page 31 for details. Common Shares Outstanding Dividend Per Share (# millions) Note: Repurchased common shares include shares withheld to cover income taxes owed by participants related to share-based incentive plans. ~300,335,089 actual shares outstanding as of 9/30/22. 10

3Q 2022 Preliminary Results Asset Quality: Key Metrics Consolidated Net Charge-Offs (NCOs) Net Charge-Off Activity ($ millions) 3Q 19 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 Retail Auto $ 253 $ 51 $ 94 $ 113 $ 108 $ 217 Annualized NCO Rate Commercial Auto 1 - - (1) (1) - Mortgage Finance - - - - (1) 1 Corporate Finance 15 - 1 - 26 31 NCOs ($M) Ally Lending - 5 9 15 13 16 (1) Ally Credit Card - - 2 8 11 13 (2) Corp/Other (2) (2) (3) (2) (3) (2) Total $ 267 $ 54 $ 103 $ 133 $ 153 $ 276 (1) 4Q’21 Ally Credit Card NCOs represent December 2021 activity only (2) Corp/Other includes legacy Mortgage HFI portfolio. Note: Ratios exclude loans measured at fair value and loans held-for-sale. See page 31 for definition. Retail Auto Delinquencies Retail Auto Net Charge-Offs (NCOs) 30+ DPD Delinquency Rate 60+ DPD Annualized Delinquency NCO Rate Rate 60+ Delinquent NCOs ($M) Contracts ($M) See page 31 for definition. Note: Includes accruing contracts only. Days Past Due (“DPD”) 11

3Q 2022 Preliminary Results Asset Quality: Retail Auto Credit Normalization • Auto portfolio today reflects slightly higher loss content and materially higher risk-adjusted yields • Given strategic shift to prime & used, net charge-offs are expected to migrate to 1.6%, ↑30 bps vs. 2019 • Normalized 30+ DPD Delinquency of 3.4-3.8% would reflect 30-70 basis points of elevation vs. 2019 • Strong dealer engagement and pricing posture has led to higher originated yields, ↑125 bps vs. 3Q ’19 – After normalizing for higher benchmark rates, yields are ↑100bps vs 30bps increase in expected losses 1 Retail Auto Loan Pricing: Originated Yield vs. Fed Funds Normalized Retail Auto NCO and 30+ DPD Delinquency Annual Averages Vintage Lifetime NCO Expectation: ~1.6% Vintage Lifetime NCO Expectation: ~1.6% Annual Avg. 30+ DPD ~1.6% Annual Avg. Avg. Retail DQ Rate 30+ DPD Avg. Retail Origination DQ Rate Origination Yield Yield Retail Retail Avg. Fed NCO % Avg. Fed NCO % Funds Funds Target % Target % 2023 - 2024 2019 Portfolio ormalized Outlook 3Q 19 3Q 22 Retail Auto NCO and Delinquency expected to normalize in 2023 (1) Estimated Retail Auto Originated Yield is a forward-looking non-GAAP financial measure. See page 31 for details. Note: Days Past Due (“DPD”) includes accruing contracts only. See page 31 for Net charge-offs (NCO) definition. 12

3Q 2022 Preliminary Results Asset Quality: Coverage & Reserves Consolidated Coverage Retail Auto Coverage Includes 2bps from Hurricane Ian ($ billions) ($ billions) Reserve (%) Reserve (%) Reserve ($) Reserve ($) Note: Coverage rate calculations exclude fair value adjustment for loans in hedge accounting relationships. Note: Coverage rate calculations exclude fair value adjustment for loans in hedge accounting relationships. Consolidated QoQ Reserve Walk ($ millions) Net Charge- ∆ In Portfolio All3Q’22 2Q’22 1 2 3 off Activity Size Other Reserve Reserve ($276) 3Q’22 NCOs $133 $28 Loan Growth Includes macroeconomic $3,450 $3,611 $276 Replenished trends ($0.33) EPS Impact Increases in 3Q reserves primarily driven by continued strength in origination volume 13

3Q 2022 Preliminary Results Ally Bank: Deposit & Customer Trends • Total deposits of $146 billion, up $6.3 billion YoY Total Deposits: Retail & Brokered ($ billions; EoP) – Retail deposits of $133.9 billion, up $2.7 billion QoQ; up $2.3 billion YoY Industry Leading 96% Customer Retention Rate – Consistent monthly growth in retail balances following net outflow in 2Q driven by elevated tax payments ▪ Continue to expect full year 2022 retail deposit growth Brokered / Other – 86% core-funded with deposits Avg. Retail Portfolio • 2.6 million retail deposit customers, up 6% YoY Interest Rate Retail th – 51k net new customers, Ally’s c54 onsecutive quarter of growth Balances ▪ 69% of new 3Q customers were from millennial or younger generations • Efficient deposit gathering platform with less than 30bps of noninterest expense Note: Brokered / Other includes sweep deposits, mortgage escrow and other deposits. See page 31 for Customer Retention Rate definition. Numbers may not foot due to rounding. Retail Deposit Customer Trends Retail Deposit Balance Growth by Customer Type New Customers | Existing Customers Total Customers 2.6M Consistent Growth From Both New & Existing Customers Net New Customers per Quarter 1.1M 14

3Q 2022 Preliminary Results Ally Bank: Leading, Growing & Diversified $ # 2.6M 54 134B 13+ 1 Largest All-Digital, Ally Bank Consecutive Quarters Retail Deposit Consecutive Years of (1) Direct U.S. Bank Deposit Customers of Customer Growth Balances Retail Deposit Growth Ally Invest (Brokerage & Wealth) • Leading, all-digital direct bank with engaged and Net Customer Assets ($ in billions) | Acquired: 2Q’16 growing customer base % of New 79% Accts from – Personalized, seamless, digital experience for all 73% 72% 71% Existing 70% customers Customers – Complementary businesses strengthen deposit franchise with highly engaged customers Net – Continued momentum in unsecured lending segments; Funded loan growth, ↑ ~$1.6B YoY and ~$0.5B QoQ Accounts (k) – Disciplined investment in organic loan growth, technology, and brand, positioning Ally for long-term, sustainable returns Ally Lending (Point of Sale) Ally Credit Card EoP Portfolio Balances ($ in billions) | 3.5k merchant relationships EoP Portfolio Balances ($ in billions) | 63% Customer CAGR since 2017 Acquired: 4Q’19 Acquired: 4Q’21 See page 32 for footnotes. Note: Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products, a consumer credit card business, a corporate finance business for equity sponsors and middle-market companies, and securities and brokerage and investment advisory services. 15

3Q 2022 Preliminary Results Auto Finance Inc / (Dec) v. • Auto pre-tax income of $488 million Key Financials ($ millions) 3Q 22 2Q 22 3Q 21 – Pre-tax income, down QoQ and YoY, primarily driven by higher Net financing revenue $ 1,303 $ 2 $ (26) provision for credit losses from robust consumer origination Total other revenue 74 2 13 volume and expected normalization of credit performance Total net revenue 1,377 4 (13) • Prepayment activity beginning to moderate, reducing Provision for credit losses 328 100 275 pressure on retail auto yields (1) Noninterest expense 561 16 49 • Significant lessee and dealer buyout activity Pre-tax income $ 488 $ (112) $ (337) continuing to limit lease gain upside U.S. auto earning assets (EOP) $ 110,862 $ 2,046 $ 9,623 • Ability to generate robust application flow and strong Key Statistics pricing while facing industry-wide inventory challenges Remarketing gains ($ millions) $ 39 $ ( 10) $ (47) highlights Ally’s unique dealer value proposition Average gain per vehicle $ 1,325 $ (346) $ (1,169) – Comprehensive product suite with breadth and depth Off-lease vehicles terminated (# units) 29,562 ( 103) ( 4,913) Application volume (# thousands) 3,149 (147) (109) – High-tech, high-touch dealer relationship model Retail Auto Yield Trends Lease Portfolio Trends Estimated Lessee Originated (2) & Yield Dealer Buyout % Portfolio Yield (ex. Hedge) Remarketing Gains ($ millions) Hedge Impact to Retail Auto Portfolio Yield Avg. Gain / Unit 0.01% (0.22%) (0.20%) (0.14%) (0.03%) 0.25% $944 $2,495 $2,339 $1,640 $1,671 $1,325 See page 32 for additional footnotes. (2) Estimated Retail Auto Originated Yield is a forward-looking non-GAAP financial measure. See page 31 for details. 16

3Q 2022 Preliminary Results Auto Finance: Agile Market Leader # # # # Leading 1 1 1 1 Prime Auto Bank Floorplan Bank Retail Auto Dealer Satisfaction Insurance Provider (1) (2) (3) (4) Lender Lender Loan Outstandings J.D. Power Award (F&I, P&C Products) Dealer Relationships & Consumer Applications Auto Balance Sheet Trends ($ billions) ($ billions; EoP) Active U.S. Dealer (5) Lease Relationships 9.6M YTD Retail U.S. Consumer Applications Commercial Auto Consumer Originations Consumer Origination Mix ($ billions; % of $ originations) (% of $ originations) Retail Weighted Avg. Lease FICO New Growth Used Stellantis Nonprime % of GM Total Retail See page 32 for footnotes. 17

3Q 2022 Preliminary Results Insurance Inc / (Dec) v. • Insurance pre-tax loss of $30 million and core pre-tax Key Financials ($ millions) 3Q 22 2Q 22 3Q 21 income of $32 million Premiums, service revenue earned and other $ 292 $ 7 $ 10 VSC Losses 35 (3) 2 – $292 million of earned premiums demonstrates resilient revenue Weather Losses 8 (18) (3) stream and solid business model in volatile market backdrop Other Losses 27 2 2 – Losses down QoQ, driven by seasonal weather patterns, and include Losses and loss adjustment expenses 70 (19) 1 (2) the estimated impacts of Hurricane Ian Acquisition and underwriting expenses 220 9 16 Total underwriting income 2 17 (7) – Investment income of $30 million, lower YoY, driven by elevated (1) Investment income and other (adjusted) 30 1 (50) investment gains in prior year period and current market conditions (1) Core pre-tax income $ 32 $ 18 $ (57) (3) Change in fair value of equity securities (62) 74 3 • Written premiums of $291 million reflects strong operating performance while navigating near-term industry Pre-tax loss $ ( 30) $ 92 $ ( 54) headwinds Total assets (EOP) $ 8,533 $ (286) $ (821) – Strong F&I written premiums despite lower industry sales, while P&C Key Statistics - Insurance Ratios 3Q 22 2Q 22 3Q 21 business gradually recovering from record low inventory levels Loss ratio 23.9% 31.2% 24.4% Underwriting expense ratio 74.8% 74.8% 72.0% – Disciplined focus on deepening and growing dealer relationships Combined ratio 98.7% 106.0% 96.4% Hurricane Ian Insurance Written Premiums ($ millions) $40-60B $1.2B $<4M Potential Insurance Insured Value of Ally Expected Hurricane Industry Losses Inventory within Ian’s Path Ian Losses P&C Premium Mitigating Actions: – Dedicated response team manages potential exposure to weather losses – Proactive outreach to all dealers one week in advance of landfall F&I Premium – Incentives for dealers that relocated vehicles – Reinsurance protection to minimize loss exposure to catastrophic events (1) Represents a non-GAAP financial measure. See page 38 for calculation methodology and details. Note: F&I: Finance and insurance products and other. P&C: Property and 18 For additional footnotes see page 32. casualty insurance products.

3Q 2022 Preliminary Results Corporate Finance Inc / (Dec) v. • Corporate Finance pre-tax income of $91 million Key Financials ($ millions) 3Q 22 2Q 22 3Q 21 – Net financing revenue up YoY and QoQ reflecting higher asset Net financing revenue $ 80 $ 3 $ 3 balances (1) Adjusted total other revenue 54 35 39 (1) Adjusted total net revenue 134 38 42 – Other revenue up YoY and QoQ driven by a realized gain related to Provision for credit losses 13 5 8 a previously restructured loan exposure (2) Noninterest expense 30 2 3 • Held-for-investment loans of $9.4B, up 42% YoY (1) Core pre-tax income $ 91 $ 31 $ 31 (3) – Continued focus on asset-based originations Change in fair value of equity securities 0 (0) (1) Pre-tax income $ 91 $ 31 $ 30 • High quality, 100% floating-rate lending portfolio Total assets (EOP) $ 9,840 $ 950 $ 3,111 – Comprised of 56% asset-based loans with 99.9% in first lien position HFI Loans and Unfunded Commitments Diversified Loan Portfolio ($ billions; EoP) (as of 9/30/22) All Other 7.9% Chemicals & Metals 2.4% Unfunded Wholesale Commitments 12% 1.2% Construction Services 0.4% Paper & Publishing 41.5% Financial Services 15.0% Health Services 71% 13.4% Other Services Manufacturing 17% 0.3% Food & Beverage HFI 8.6% Auto & Transportation Loans 6.8% Machinery Equipment 1.3% Retail Trade 1.2% Other Manufacturing Note: Balances exclude HFS loans and include signed commitment letters. HFI loans shown net of deferred fees (1) Represents a non-GAAP financial measure. See page 38 for calculation methodology and details. For additional footnotes see page 32. 19

3Q 2022 Preliminary Results Mortgage Finance Inc / (Dec) v. • Mortgage pre-tax income of $19 million Key Financials ($ millions) 3Q 22 2Q 22 3Q 21 – Net financing revenue, up $21 million YoY, reflecting growth in Net financing revenue $ 57 $ 1 $ 21 asset balances Total other revenue 7 3 (12) – Other revenue, down $12 million YoY, driven by decreased Total net revenue $ 64 $ 4 $ 9 gain on sale margins and lower HFS units Provision for credit losses 2 2 - (1) Noninterest expense 43 (11) (4) • Direct-to-Consumer (DTC) originations of $0.5 billion, Pre-tax income $ 19 $ 13 $ 13 down 85% YoY, reflecting higher interest rate environment and broader economic slowdown Total assets (EOP) $ 19,862 $ 736 $ 3,534 – 50% of 3Q originations from existing depositors Mortgage Finance HFI Portfolio 3Q 22 2Q 22 3Q 21 Net Carry Value ($ billions) $ 19.7 $ 18.9 $ 16.0 • Ally’s original investment in Better mortgage totaled (2) 54.2% 53.7% 57.6% $25.5 million. In 2021, Ally sold a portion of its Wtd. Avg. LTV/CLTV investment, realizing a gain of $38 million. Following Refreshed FICO 780 779 776 3Q impairment, remaining carrying value is $19 million Mortgage: Held-for-Investment Assets Mortgage: Direct-to-Consumer Originations ($ billions) ($ billions) DTC DTC HFS Bulk DTC HFI Bulk $0.8 $1.2 $0.7 $0.8 $0.8 $1.1 See page 32 for footnotes. 20

3Q 2022 Preliminary Results Navigating a Challenging Environment Delivering solid operating performance while preparing for continued volatility ↑ 475bps ↓11% ↓1% Expected Fed Funds increase Vehicle Sales vs. 2019 YTD Industry Total Most since 1980 New and Used Deposit Growth Ally Originations ↑32% vs. 2019 Significant Reserves and Capital FY Consumer Auto Originations $48B 12-month R&S period | Reversion to 6.5% UER Consistent risk profile | reflects power of Ally’s Reserves ↑ xvs ‘19,↑$ B vs. CECL Day 1 scale and depth of dealer relationships CET1 ↑ $3.6B vs. SCB requirement Auto Risk Based Pricing Oct. YTD pricing ↑ within Retail Auto 245bps Yields >8% provide meaningful loss absorption capacity Ability to pass-through pricing, reflective of strategic focus on Prime and Used Dynamic Underwriting Continuous buy-box refinement informed by multi-factor credit decisioning process FY 2022 Retail Deposit Growth $2-3B Solid growth amid industry contraction & record Auto Servicing & Collections Capabilities tax outflows | primary customers ↑ 5% YTD Advanced digital tools | Seasoned in-house staff with ability to scale ↑ through vendor staff augmentation ~3.50% ~1.00% ~$1.00 $2-3B 1 1 NIM (ex. OID) Consolidated NCOs Adjusted EPS Loan Growth Expect near term NIM Anticipate near term Anticipate continued Project accretive growth in compression as deposits normalization and fourth pressure, continued consumer loan & corporate reprice faster than assets quarter NCO seasonality credit normalization finance portfolios (assumes flat coverage rates) (1) Represents a non-GAAP financial measure. See pages 34 and 39 for details and calculation methodology. See page 31 for Net charge-offs (NCO) definition. 21 Operational Macro 4Q Outlook Execution Backdrop Preparing for Uncertainty

3Q 2022 Preliminary Results Strategic Priorities ‘Do It Right’ Purpose-Driven Culture Optimizing leading Auto, Insurance & Ally Bank products & platforms Engaging customers with newer products across scalable platforms Differentiating through deep expertise & digital-first capabilities Driving disciplined risk management & accretive capital deployment Delivering sustainable, enhanced results and value for ALL stakeholders 22

3Q 2022 Preliminary Results Supplemental 23

3Q 2022 Preliminary Results Supplemental Results by Segment Core pre-tax income Walk Inc / (Dec) v. ($ millions) Segment Detail 3Q 22 2Q 22 3Q 21 2Q 22 3Q 21 Automotive Finance $ 488 $ 600 $ 825 $ (112) $ (337) Insurance (3 0) (1 22) 24 92 (5 4) Dealer Financial Services $ 458 $ 478 $ 849 $ (2 0) $ (391) Corporate Finance 91 60 61 31 30 Mortgage Finance 19 6 6 13 13 Corporate and Other (151) 90 (9 ) (241) (1 42) $ (217) $ (4 90) Pre-tax income from continuing operations $ 417 $ 634 $ 907 (1) Core OID 11 10 9 0 1 (2) Change in fair value of equity securities 62 136 65 (74) (2) (3) Repositioning and other 20 - 52 20 (3 1) (1) $ (271) $ (5 23) $ 510 $ 780 $ 1 ,032 Core pre-tax income (1) Represents a non-GAAP financial measure. See pages 38 and 39 for calculation methodology and details. See page 33 for additional footnotes. 24

3Q 2022 Preliminary Results Supplemental Funding Profile Details Funding Mix Deposit Mix Unsecured Brokered / FHLB / Other Other Secured Retail CD Deposits MMA/OSA/ Checking Note: Totals may not foot due to rounding. Note: Other includes sweep deposits, mortgage escrow and other deposits. Totals may not foot due to rounding. (1) Unsecured Long-Term Debt Maturities Wholesale Funding Issuance ($ billions) ($ billions) Maturity Weighted Avg. Principal Amount (2) Outstanding Date Coupon 2023 2.09% $ 2.00 2024 4.48% $ 1.45 (3) 2025+ 6.01% $ 6.29 (1) Excludes retail notes and perpetual preferred equity; as of 9/30/2022. Note: Term ABS shown includes funding amounts (notes sold) at new issue and does not include private (2) Reflects notional value of outstanding bond. Excludes total GAAP OID and capitalized transaction costs. offerings sold later. Excludes $2.35 billion of preferred equity issued in 2021. Totals may not foot due to (3) Weighted average coupon based on notional value and corresponding coupon for all unsecured bonds as of rounding. January 1st of the respective year. Does not reflect weighted average interest expense for the respective year. 25

3Q 2022 Preliminary Results Supplemental Corporate and Other Inc / (Dec) v. ($ millions) • Pre-tax loss of $151 million, Core pre-tax loss of $120 Key Financials 3Q 22 2Q 22 3Q 21 Net financing revenue $ 255 $ (55) $ 117 million, primarily driven by unrealized loss on Total other revenue (74) (133) (86) nonmarketable equity investments Total net revenue $ 181 $ (188) $ 31 Provision for credit losses 95 27 79 • Higher YoY net financing revenue driven by increased Noninterest expense 237 26 94 yield on securities portfolio and reduced cash Pre-tax income / (loss) $ (151) $ ( 241) $ (142) (1) Core OID 11 0 1 balances (2) Repositioning and other 20 20 (31) (3) Change in fair value of equity securities (0) (0) (1) - - • Total assets down YoY primarily driven by normalized (1) Core pre-tax income / (loss) $ (120) $ (221) $ (173) cash balances Cash & securities $ 31,181 $ (1,143) $ (9,511) (4) Held-for-investment loans, net 2,727 281 1,291 (5) Intercompany loan (390) 21 508 (5) Other 7,773 442 1,847 Total assets $ 41,291 $ (399) $ (5,865) Ally Financial Rating Details Ally Invest 3Q 22 2Q 22 3Q 21 Net Funded Accounts (k) 520.8 518.2 502.9 LT Debt ST Debt Outlook Average Customer Trades Per Day (k) 29.1 33.7 40.8 Total Customer Cash Balances $ 1,917 $ 2,027 $ 2,175 Fitch BBB- F3 Stable Total Net Customer Assets $ 13,095 $ 13,508 $ 16,290 Moody's Baa3 P-3 Stable S&P BBB- A-3 Stable DBRS BBB R-2H Stable Ally Lending 3Q 22 2Q 22 3Q 21 Note: Ratings as of 9/30/2022. Our borrowing costs & access to the capital markets could be negatively impacted Gross Originations $ 599 $ 591 $ 362 if our credit ratings are downgraded or otherwise fail to meet investor expectations or demands. Held-for-investment Loans (EOP) $ 1,813 $ 1,523 $ 836 Portfolio yield 11.0% 11.9% 13.9% NCO % 3.9% 4.0% 2.8% Ally Credit Card 3Q 22 2Q 22 3Q 21 Gross Receivable Growth (EOP) $ 203 $ 189 $ 131 Outstanding Balance (EOP) $ 1,427 $ 1,224 $ 765 NCO % 4.0% 3.8% 2.6% Active Cardholders (k) 1,009.6 9 08.4 671.2 (1) Represents a non-GAAP financial measure. See pages 38 and 39 for calculation methodology and details. Note: Ally Credit Card metrics are not reflected in Ally’s 3Q’21 consolidated results See page 33 for additional footnotes. 26

3Q 2022 Preliminary Results Supplemental Interest Rate Risk and Hedging (1) Net Financing Revenue Sensitivity Analysis ($ millions) 3Q 22 2Q 22 (2) (2) Change in interest rates Gradual Instantaneous Gradual Instantaneous -100 bps $ 7 $ 95 $ ( 25) $ 73 +100 bps $ ( 3) $ (99) $ 26 $ (79) Stable rate environment n/m $ 690 n/m $ 751 (1) Net financing revenue impacts reflect a rolling 12-month view. See page 31 for additional details. (2) Gradual changes in interest rates are recognized over 12 months. Fair Value Hedging on Fixed-Rate Consumer Auto Loans 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Effective Hedge Notional Outstanding $21B $21B $21B $15B $10B $6B Average Pay-Fixed Rate 1.50% 1.50% 1.50% 1.50% 1.40% 0.90% * Receive float combination of SOFR/OIS 27

3Q 2022 Preliminary Results Supplemental Deferred Tax Asset (1) Deferred Tax Asset 3Q 22 2Q 22 Gross DTA Valuation Net DTA Net DTA Balance Allowance Balance Balance Net Operating Loss (Federal) $ 620 $ - $ 620 $ 516 Tax Credit Carryforwards 1 ,179 ( 754) 425 394 State/Local Tax Carryforwards 324 ( 140) 184 151 Other Deferred Tax Assets / (Liabilities) (6) - (6) (179) Net Deferred Tax Asset $ 2,117 $ ( 894) $ 1,224 $ 882 (1) GAAP does not prescribe a method for calculating individual elements of deferred taxes for interim periods; therefore, these balances are estimates. Deferred Tax Asset / (Liability) Balances Net GAAP DTA Balance Disallowed DTA ($ millions) $1,224 $882 $839 $609 $244 $48 $2 $6 $5 $4 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 Note: Changes to DTA in 2021 driven primarily by changes in tax depreciation election. Increase to DTA in 2022 primarily due to unrealized losses on investment securities, partially offset by pre-tax book income. 28

3Q 2022 Preliminary Results Supplemental Notes on Non-GAAP Financial Measures The following are non-GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements, but which are supplemental to, and not a substitute for, GAAP measures: Adjusted Earnings per Share (Adjusted EPS), Core pre-tax income, Pre-provision net revenue (PPNR) and Core pre-provision net revenue (Core PPNR), Core net income attributable to common shareholders, Core return on tangible common equity (Core ROTCE), Adjusted efficiency ratio, Adjusted total net revenue, Adjusted other revenue, Adjusted noninterest expense, Core original issue discount (Core OID) amortization expense and Core outstanding original issue discount balance (Core OID balance), Net financing revenue (excluding Core OID), and Adjusted tangible book value per share (Adjusted TBVPS). These measures are used by management, and we believe are useful to investors in assessing the company’s operating performance and capital For calculation methodology, refer to the Reconciliation to GAAP la iste do r in cum th ent. 1) Core pre-tax income is a non-GAAP financial measure that adjusts pre-tax income from continuing operations by excluding (1) Core OID, and (2) equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity (change in fair value of equity securities impacts the Insurance and Corporate Finance segments), and (3) Repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods or businesses. Management believes core pre-tax income can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. See page 38 for calculation methodology and details. 2) Core pre-provision net revenue (Core PPNR) is a non-GAAP financial measure calculated by adjusting Core pre-tax income to add back provision for credit losses. Management believes that Core PPNR is a helpful financial metric because it enables the reader to assess the core business' ability to generate earnings to cover credit losses and as it is utilized by Federal Reserve's approach to modeling within the Supervisory Stress Test Framework that generally follows U.S. generally accepted accounting principles (GAAP) and includes a calculation of PPNR as a component of projected pre-tax net income. See page 39 for calculation methodology and details. 3) Core net income attributable to common shareholders is a non-GAAP financial measure that serves as the numerator in the calculations of Adjusted EPS and Core ROTCE and that, like those measures, is believed by management to help the reader better understand the operating performance of the core businesses and their ability to generate earnings. Core net income attributable to common shareholders adjusts GAAP net income attributable to common shareholders for discontinued operations net of tax, tax-effected Core OID expense, tax-effected repositioning and other primarily related to the extinguishment of high-cost legacy debt and strategic activities and significant other, preferred stock capital actions, significant discrete tax items and tax-effected changes in equity investments measured at fair value, as applicable for respective periods. See page 34 calculation methodology and details. 4) Tangible Common Equity is a non-GAAP financial measure that is defined as common stockholders’ equity less goodwill and identifiable intangible assets, net of deferred tax liabilities. Ally considers various measures when evaluating capital adequacy, including tangible common equity. Ally believes that tangible common equity is important because we believe readers 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. For purposes of calculating Core return on tangible common equity (Core ROTCE), tangible common equity is further adjusted for Core OID balance and net deferred tax asset. See page 36 for more details. 5) Core original issue discount (Core OID) amortization expense is a non-GAAP financial measure for OID and is believed by management to help the reader better understand the activity removed from: Core pre-tax income (loss), Core net income (loss) attributable to common shareholders, Adjusted EPS, Core ROTCE, Adjusted efficiency ratio, Adjusted total net revenue, and Net financing revenue (excluding Core OID). Core OID is primarily related to bond exchange OID which excludes international operations and future issuances. Core OID for all periods shown is applied to the pre-tax income of the Corporate and Other segment. See page 39 calculation methodology and details. 29

3Q 2022 Preliminary Results Supplemental Notes on Non-GAAP Financial Measures 6) Core outstanding original issue discount balance (Core OID balance) is a non-GAAP financial measure for outstanding OID and is believed by management to help the reader better understand the balance removed from Core ROTCE and Adjusted TBVPS. Core OID balance is primarily related to bond exchange OID which excludes international operations and future issuances. See page 39 for calculation methodology and details. 7) Accelerated issuance expense (Accelerated OID) is the recognition of issuance expenses related to calls of redeemable debt. 30

3Q 2022 Preliminary Results Supplemental Notes on Other Financial Measures 1) Estimated Retail Auto Originated Yield is a forward-looking non-GAAP financial measure determined by calculating the estimated average annualized yield for loans originated during the period. At this time there currently is no comparable GAAP financial measure for Estimated Retail Auto Originated Yield and therefore this forecasted estimate of yield at the time of origination cannot be quantitatively reconciled to comparable GAAP information. 2) Interest rate risk modeling – We prepare our forward-looking baseline forecasts of net financing revenue taking into consideration anticipated future business growth, asset/liability positioning, and interest rates based on the implied forward curve. The analysis is highly dependent upon a variety of assumptions including the repricing characteristics of retail deposits with both contractual and non-contractual maturities. We continually monitor industry and competitive repricing activity along with other market factors when contemplating deposit pricing actions. Please see our SEC filings for more details. 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) U.S. consumer auto originations ▪ New Retail – standard and subvented rate new vehicle loans ▪ Lease – new vehicle lease originations ▪ Used – used vehicle loans ▪ Growth – total originations from non-GM/Stellantis dealers and direct-to-consumer loans. Note: Stellantis N.V. (“Stellantis”) announced January 17, 2021, following completion of the merger of Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) on January 16, 2021, the combined company was renamed Stellantis. ▪ Nonprime – originations with a FICO® score of less than 620 5) Customer retention rate is the annualized 3-month rolling average of 1 minus the monthly attrition rate; excludes escheatment. 6) Estimated impact of CECL on regulatory capital per final rule issued by U.S. banking agencies - In December 2018, the FRB and other U.S. banking agencies approved a final rule to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, the option to phase in the day-one impact of CECL over a three-year period. In March 2020, the FRB and other U.S. banking agencies issued an interim final rule that became effective on March 31, 2020 and provided an alternative option for banks to temporarily delay the impacts of CECL, relative to the incurred loss methodology for estimating the allowance for loan losses, on regulatory capital. A final rule that was largely unchanged from the March 2020 interim final rule was issued by the FRB and other U.S. banking agencies in August 2020, and became effective in September 2020. For regulatory capital purposes, these rules permitted us to delay recognizing the estimated impact of CECL on regulatory capital until after a two-year deferral period, which for us extended through December 31, 2021. Beginning on January 1, 2022, we are required to phase in 25% of the previously deferred estimated capital impact of CECL, with an additional 25% to be phased in at the beginning of each subsequent year until fully phased in by the first quarter of 2025. Under these rules, firms that adopt CECL and elect the five-year transition will calculate the estimated impact of CECL on regulatory capital as the day-one impact of adoption plus 25% of the subsequent change in allowance during the two-year deferral period, which according to the final rule approximates the impact of CECL relative to an incurred loss model. We adopted this transition option during the first quarter of 2020, and beginning January 1, 2022 are phasing in the regulatory capital impacts of CECL based on this five-year transition period. 7) Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corporate Other segments. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. 31

3Q 2022 Preliminary Results Supplemental Additional Notes Page – 15 | Ally Bank: Leading, Growing & Diversified (1) Source: FDIC, FFIEC Call Reports and Company filings of branchless banks including Marcus, Discover, American Express, Synchrony. Page – 16 | Auto Finance (1) Noninterest expense includes corporate allocations of $259 million in 3Q 2022, $245 million in 2Q 2022, and $234 million in 3Q 2021. Page – 17 | Auto Finance: Agile Market Leader (1) ‘Prime Auto Lender’ - Source: PIN Navigator Data & Analytics, a business division of J.D. Power. The credit scores provided within these reports have been provided by FICO® Risk Score, Auto 08 FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries. Ally management defines retail auto market segmentation (unit based) for consumer automotive loans primarily as those loans with a FICO® Score (or an equivalent score) at origination by the following: • Super-prime 720+, Prime 620 – 719, Nonprime less than 620 (2) ‘Bank Floorplan Lender’ - Source: Company filings, including WFC and HBAN. (3) ‘Retail Auto Loan Outstandings’ - Source: Big Wheels Auto Finance Data 2021. (4) ‘#1 Dealer Satisfaction among Non-Captive Lenders with Sub-Prime Credit’ - Source: J.D. Power. (5) ‘Active U.S. Dealers’ defined as all dealers who utilize one or more of Ally’s products including consumer & commercial lending, SmartAuction or Commercial Services Group and excludes RV Commercial & Consumer lines of business exited in 2Q 2018. Page – 18 | Insurance (2) Acquisition and underwriting expenses includes corporate allocations of $24 million in 3Q 2022, $22 million in 2Q 2022, and $22 million in 3Q 2021. (3) Change in fair value of equity securities impacts the Insurance segment. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. Page – 19 | Corporate Finance (2) Noninterest expense includes corporate allocations of $11 million in 3Q 2022, $11 million in 2Q 2022, and $10 million in 3Q 2021. (3) Change in fair value of equity securities impacts the Corporate Finance segment. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. Page – 20 | Mortgage Finance (1) Noninterest expense includes corporate allocations of $27 million in 3Q 2022, $30 million in 2Q 2022, and $24 million in 3Q 2021. (2) 1st lien only. Updated home values derived using a combination of appraisals, Broker price opinion (BPOs), Automated Valuation Models (AVMs) and Metropolitan Statistical Area (MSA) level house price indices. 32

3Q 2022 Preliminary Results Supplemental Additional Notes Page – 24 | Results by Segment (2) Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corp/Other segments. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. (3) Repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods or businesses. Page – 26 | Corporate and Other (2) Repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods or businesses. (3) Change in fair value of equity securities impacts the Corporate and Other segment. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. (4) HFI legacy mortgage portfolio and HFI Ally Lending portfolio. (5) Intercompany loan related to activity between Insurance and Corporate for liquidity purposes from the wind down of the Demand Notes program. Includes loans held- for-sale. 33

3Q 2022 Preliminary Results Supplemental GAAP to Core Results: Adjusted EPS Adjusted Earnings per Share ( Adjusted EPS ) QUARTERLY TREND 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 Numerator ($ millions) GAAP net income / (loss) attributable to common shareholders $ 272 $ 454 $ 627 $ 624 $ 683 $ 900 $ 796 $ 687 $ 476 $ 241 $ (319) $ 378 $ 381 Discontinued operations, net of tax 1 - - 6 - (1) - - - 1 - 3 - Core OID 11 10 10 9 9 9 10 9 9 9 8 8 7 Repositioning Items 20 - - 107 52 70 - - - 50 - - - Change in fair value of equity securities 62 136 66 (21) 65 (19) ( 17) (111) ( 13) ( 90) 185 ( 29) 11 Tax on Core OID, Repo & change in fair value of equity securities (assumes 21% tax rate) ( 20) ( 31) ( 16) ( 20) (26) ( 13) 1 21 1 17 (41) 4 (4) Significant discrete tax items - - - - - ( 78) - - - - - - - Core net income / (loss) attributable to common shareholders [a] $ 346 $ 570 $ 687 $ 705 $ 782 $ 868 $ 790 $ 606 $ 473 $ 228 $ (166) $ 364 $ 396 Denominator Weighted-average common shares outstanding - (Diluted, thousands) [b] 310,086 324,027 337,812 348,666 361,855 373,029 377,529 378,424 377,011 375,762 375,723 383,391 3 92,604 Metric GAAP EPS $ 0.88 $ 1.40 $ 1.86 $ 1.79 $ 1.89 $ 2.41 $ 2.11 $ 1.82 $ 1.26 $ 0.64 $ (0.85) $ 0.99 $ 0.97 Discontinued operations, net of tax 0.00 - - 0.02 - (0.00) - - - 0.00 - 0.01 - Core OID 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 Change in fair value of equity securities 0.20 0.42 0.19 (0.06) 0.18 (0.05) (0.04) (0.29) (0.04) (0.24) 0.49 (0.08) 0.03 Repositioning Items 0.06 - - 0.31 0.14 0.19 - - - 0.13 - - - Tax on Core OID, Repo & change in fair value of equity securities (assumes 21% tax rate) (0.06) (0.09) (0.05) (0.06) (0.07) (0.03) 0.00 0.06 0.00 0.05 (0.11) 0.01 (0.01) Significant discrete tax items - - - - - (0.21) - - - - - - - Adjusted EPS [a] / [b] $ 1.12 $ 1.76 $ 2.03 $ 2.02 $ 2.16 $ 2.33 $ 2.09 $ 1.60 $ 1.25 $ 0.61 $ (0.44) $ 0.95 $ 1.01 (1) Due to antidilutive effect of the net loss from pre-tax loss from continuing operations attributable to common shareholders for the first quarter 2020, basic weighted average common shares outstanding were used to calculate diluted earnings per share. Adjusted earnings per share (Adjusted EPS) is a non-GAAP financial measure that adjusts GAAP EPS for revenue and expense items that are typically strategic in nature or that management otherwise does not view as reflecting the operating performance of the company. Management believes Adjusted EPS can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. In the numerator of Adjusted EPS, GAAP net income attributable to common shareholders is adjusted for the following items: (1) excludes discontinued operations, net of tax, as Ally is primarily a domestic company and sales of international businesses and other discontinued operations in the past have significantly impacted GAAP EPS, (2) adds back the tax-effected non-cash Core OID, (3) adjusts for tax-effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, (4) excludes equity fair value adjustments (net of tax) related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, (5) excludes significant discrete tax items that do not relate to the operating performance of the core businesses, and adjusts for preferred stock capital actions (e.g., Series A and Series G) that have been taken by the company to normalize its capital structure, as applicable for respective periods. 34

3Q 2022 Preliminary Results Supplemental GAAP to Core Results: Adjusted TBVPS Adjusted Tangible Book Value per Share ( Adjusted TBVPS ) QUARTERLY TREND 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 Numerator ($ billions) GAAP shareholder's equity $ 12.4 $ 14.0 $ 15.4 $ 17.1 $ 17.3 $ 17.5 $ 14.6 $ 14.7 $ 14.1 $ 13.8 $ 13.5 $ 14.4 $ 14.5 less: Preferred equity (2.3) ( 2.3) ( 2.3) (2.3) (2.3) (2.3) - - - - - - - GAAP common shareholder's equity $ 10.1 $ 11.7 $ 13.1 $ 14.7 $ 15.0 $ 15.2 $ 14.6 $ 14.7 $ 14.1 $ 13.8 $ 13.5 $ 14.4 $ 14.5 Goodwill and identifiable intangibles, net of DTLs ( 0.9) ( 0.9) (0.9) (0.9) (0.4) ( 0.4) ( 0.4) ( 0.4) (0.4) (0.4) ( 0.4) (0.5) ( 0.3) Tangible common equity 9 .2 10.7 12.2 13.8 14.6 14.8 14.2 14.3 13.7 13.4 13.1 14.0 14.2 Tax-effected Core OID balance (assumes 21% tax rate) ( 0.7) (0.7) (0.7) (0.7) ( 0.7) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) Adjusted tangible book value [a] $ 8.5 $ 10.1 $ 11.5 $ 13.1 $ 13.9 $ 14.1 $ 13.4 $ 13.5 $ 12.9 $ 12.6 $ 12.2 $ 13.1 $ 13.3 Denominator Issued shares outstanding (period-end, thousands) [b] 3 00,335 312,781 3 27,306 337,941 3 49,599 362,639 371,805 374,674 373,857 373,837 373,155 374,332 383,523 Metric GAAP common shareholder's equity per share $ 33.7 $ 37.3 $ 40.0 $ 43.6 $ 42.8 $ 41.9 $ 39.3 $ 39.2 $ 37.8 $ 37.0 $ 36.2 $ 38.5 $ 37.7 Goodwill and identifiable intangibles, net of DTLs per share ( 3.0) ( 2.9) (2.8) ( 2.8) (1.1) ( 1.0) ( 1.0) (1.0) (1.0) (1.0) (1.2) (1.2) (0.7) Tangible common equity per share 30.6 34.3 37.1 40.8 41.8 40.9 38.3 38.2 36.7 35.9 35.0 37.3 37.0 Tax-effected Core OID balance (assumes 21% tax rate) per share (2.2) (2.2) ( 2.1) (2.1) (2.0) ( 2.1) (2.2) ( 2.2) (2.2) (2.2) (2.2) (2.2) (2.2) Adjusted tangible book value per share [a] / [b] $ 28.4 $ 32.2 $ 35.0 $ 38.7 $ 39.7 $ 38.8 $ 36.2 $ 36.1 $ 34.6 $ 33.7 $ 32.8 $ 35.1 $ 34.7 Adjusted tangible book value per share (Adjusted TBVPS) is a non-GAAP financial measure that reflects the book value of equity attributable to shareholders even if Core OID balance were accelerated immediately through the financial statements. As a result, management believes Adjusted TBVPS provides the reader with an assessment of value that is more conservative than GAAP common shareholder’s equity per share. Adjusted TBVPS generally adjusts common equity for: (1) goodwill and identifiable intangibles, net of DTLs, (2) tax-effected Core OID balance to reduce tangible common equity in the event the corresponding discounted bonds are redeemed/tendered, and (3) Series G discount which reduces tangible common equity as the company has normalized its capital structure, as applicable for respective periods. Note: In December 2017, tax-effected Core OID balance was adjusted from a statutory U.S. Federal tax rate of 35% to 21% (“rate”) as a result of changes to U.S. tax law. The adjustment conservatively increased the tax-effected Core OID balance and consequently reduced Adjusted TBVPS as any acceleration of the non-cash charge in future periods would flow through the financial statements at a 21% rate versus a previously modeled 35% rate. Calculated Impact to Adjusted TBVPS from CECL Day-1 1Q 20 Numerator ($ billions) Adjusted tangible book value $ 12.2 CECL Day-1 impact to retained earnings, net of tax 1.0 Adjusted tangible book value less CECL Day-1 impact [a] $ 13.3 Denominator Issued shares outstanding (period-end, thousands) [b] 373,155 Metric Adjusted TBVPS $ 32.8 CECL Day-1 impact to retained earnings, net of tax per share 2.7 Adjusted tangible book value, less CECL Day-1 impact per share [a] / [b] $ 35.5 Ally adopted CECL on January 1, 2020. Upon implementation of CECL Ally recognized a reduction to our opening retained earnings balance of approximately $1.0 billion, net of income tax, which reflects a pre-tax increase to the allowance for loan losses of approximately $1.3 billion. This increase is almost exclusively driven by our consumer automotive loan portfolio. 35

3Q 2022 Preliminary Results Supplemental GAAP to Core Results: Core ROTCE Core Return on Tangible Common Equity ( Core ROTCE ) QUARTERLY TREND 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 Numerator ($ millions) GAAP net income / (loss) attributable to common shareholders $ 272 $ 454 $ 627 $ 624 $ 683 $ 900 $ 796 $ 687 $ 476 $ 241 $ (319) $ 378 $ 381 Discontinued operations, net of tax 1 - - 6 - (1) - - - 1 - 3 - Core OID 11 10 10 9 9 9 10 9 9 9 8 8 7 Repositioning Items 20 - - 107 52 70 - - - 50 - - - Change in fair value of equity securities 62 136 66 (21) 65 (19) (17) (111) (13) (90) 185 (29) 11 Tax on Core OID, Repo & change in fair value of equity securities (assumes 21% tax rate) (20) ( 31) (16) (20) ( 26) (13) 1 21 1 17 (41) 4 (4) Significant discrete tax items & other - - - - - ( 78) - - - - - - - Core net income / (loss) attributable to common shareholders [a] $ 346 $ 570 $ 687 $ 705 $ 782 $ 868 $ 790 $ 606 $ 473 $ 228 $ (166) $ 364 $ 396 Denominator (Average, $ billions) GAAP shareholder's equity $ 13.2 $ 14.7 $ 16.2 $ 17.2 $ 17.4 $ 16.1 $ 14.7 $ 14.4 $ 14.0 $ 13.7 $ 14.0 $ 14.4 $ 14.4 less: Preferred equity ( 2.3) (2.3) (2.3) ( 2.3) ( 2.3) ( 1.2) - - - - - - - GAAP common shareholder's equity $ 10.9 $ 12.4 $ 13.9 $ 14.8 $ 15.1 $ 14.9 $ 14.7 $ 14.4 $ 14.0 $ 13.7 $ 14.0 $ 14.4 $ 14.4 Goodwill & identifiable intangibles, net of deferred tax liabilities ( DTLs ) (0.9) ( 0.9) (0.9) ( 0.7) (0.4) (0.4) ( 0.4) (0.4) (0.4) ( 0.4) (0.4) (0.4) ( 0.3) Tangible common equity $ 10.0 $ 11.4 $ 13.0 $ 14.2 $ 14.7 $ 14.5 $ 14.3 $ 14.0 $ 13.6 $ 13.3 $ 13.5 $ 14.1 $ 14.1 Core OID balance (0.9) ( 0.9) (0.9) (0.9) ( 0.9) ( 1.0) ( 1.0) ( 1.0) ( 1.0) (1.1) (1.1) (1.1) (1.1) Net deferred tax asset ( DTA ) ( 1.1) (0.8) ( 0.4) (0.6) ( 0.9) (0.6) (0.1) ( 0.1) ( 0.1) ( 0.2) (0.1) (0.0) (0.1) Normalized common equity [b] $ 8.0 $ 9.8 $ 11.7 $ 12.7 $ 12.9 $ 13.0 $ 13.1 $ 12.9 $ 12.4 $ 12.0 $ 12.3 $ 13.0 $ 12.9 Core Return on Tangible Common Equity [a] / [b] 17.2% 23.2% 23.6% 22.1% 24.2% 26.7% 24.1% 18.7% 15.2% 7.6% -5.4% 11.2% 12.3% Core return on tangible common equity (Core ROTCE) is a non-GAAP financial measure that management believes is helpful for readers to better understand the ongoing ability of the company to generate returns on its equity base that supports core operations. For purposes of this calculation, tangible common equity is adjusted for Core OID balance and net DTA. Ally’s Core net income attributable to common shareholders for purposes of calculating Core ROTCE is based on the actual effective tax rate for the period adjusted for significant discrete tax items including tax reserve releases, which aligns with the methodology used in calculating adjusted earnings per share. (1) In the numerator of Core ROTCE, GAAP net income attributable to common shareholders is adjusted for discontinued operations net of tax, tax-effected Core OID, tax- effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, fair value adjustments (net of tax) related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, significant discrete tax items, and preferred stock capital actions, as applicable for respective periods. (2) In the denominator, GAAP shareholder’s equity is adjusted for goodwill and identifiable intangibles net of DTL, Core OID balance, and net DTA. 36

3Q 2022 Preliminary Results Supplemental GAAP to Core Results: Adjusted Efficiency Ratio Adjusted Efficiency Ratio QUARTERLY TREND 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 Numerator ($ millions) GAAP noninterest expense $ 1,161 $ 1,138 $ 1,122 $ 1,090 $ 1,002 Rep and warrant expense - - - - - Insurance expense (290) (300) (274) (263) (273) Repositioning items (20) - - - - Adjusted noninterest expense for efficiency ratio [a] $ 851 $ 838 $ 848 $ 827 $ 729 Denominator ($ millions) Total net revenue $ 2,016 $ 2,076 $ 2,135 $ 2,199 $ 1,985 Core OID 11 10 10 9 9 Repositioning items - - - 9 52 Insurance revenue (260) (178) (287) (354) (297) Adjusted net revenue for the efficiency ratio [b] $ 1,767 $ 1,908 $ 1,858 $ 1,864 $ 1,749 Adjusted Efficiency Ratio [a] / [b] 48.2% 43.9% 45.6% 44.4% 41.7% Adjusted efficiency ratio is a non-GAAP financial measure that management believes is helpful to readers in comparing the efficiency of its core banking and lending businesses with those of its peers. (1) In the numerator of Adjusted efficiency ratio, total noninterest expense is adjusted for Rep and warrant expense, Insurance segment expense, and repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods. (2) In the denominator, total net revenue is adjusted for Core OID and Insurance segment revenue. See page 18 for the combined ratio for the Insurance segment which management uses as a primary measure of underwriting profitability for the Insurance segment. 37

3Q 2022 Preliminary Results Supplemental Non-GAAP Reconciliation: Core Income ($ millions) 3Q 22 2Q 22 3Q 21 Change in fair Change in fair Change in fair (1) (1) (1) GAAP Core OID value of equity Repositioning Non-GAAP GAAP Core OID value of equity Repositioning Non-GAAP GAAP Core OID value of equity Repositioning Non-GAAP securities securities securities Consolidated Ally Net financing revenue $ 1,719 $ 11 $ - $ - 1,730 $ 1,764 $ 10 $ - $ - 1 ,774 $ 1,594 $ 9 $ - $ - 1,603 Total other revenue 297 - 62 - 359 312 - 136 - 448 391 - 65 52 507 Provision for credit losses 438 - - - 438 304 - - - 304 76 - - - 76 Noninterest expense 1 ,161 - - (20) 1,141 1 ,138 - - - 1,138 1 ,002 - - - 1,002 Pre-tax income $ 417 $ 11 $ 62 $ (20) $ 510 $ 634 $ 10 $ 136 $ - $ 780 $ 907 $ 9 $ 65 $ 52 $ 1,032 Corporate / Other Net financing revenue $ 255 $ 11 $ - $ - $ 266 $ 310 $ 10 $ - $ - $ 320 $ 138 $ 9 $ - $ - $ 147 Total other revenue (74) - (0) - (74) 59 - 0 - 59 12 - 1 (52) (39) Provision for credit losses 95 - - - 95 68 - - - 68 16 - - - 16 Noninterest expense 237 - - (20) 217 211 - - - 211 143 - - - 143 Pre-tax income $ ( 151) $ 11 $ (0) $ (20) $ (120) $ 90 $ 10 $ 0 $ - $ 101 $ (9) $ 9 $ 1 $ (52) $ (51) Insurance Premiums, service revenue earned and other $ 292 $ - $ - $ - $ 292 $ 285 $ - $ - $ - $ 285 $ 282 $ - $ - $ - $ 282 Losses and loss adjustment expenses 70 - - - 70 89 - - - 89 69 - - - 69 Acquisition and underwriting expenses 220 - - - 220 211 - - - 211 204 - - - 204 Investment income and other (32) - 62 - 30 (107) - 136 - 29 15 - 65 - 80 Pre-tax income $ (30) $ - $ 62 $ - $ 32 $ ( 122) $ - $ 136 $ - $ 14 $ 24 $ - $ 65 $ - $ 89 Corporate Finance Net financing revenue $ 80 $ - $ - $ - $ 80 $ 77 $ - $ - $ - $ 77 $ 77 $ - $ - $ - $ 77 Total other revenue 54 - (0) - 54 19 - ( 0) - 19 16 - (1) - 15 Provision for credit losses 13 - - - 13 8 - - - 8 5 - - - 5 Noninterest expense 30 - - - 30 28 - - - 28 27 - - - 27 Pre-tax income $ 91 $ - $ (0) $ - $ 91 $ 60 $ - $ (0) $ - $ 60 $ 61 $ - $ (1) $ - $ 60 (1) Non-GAAP line items walk to Core pre-tax income, a non-GAAP financial measure that adjusts pre-tax income. See pages 29 and 30 for definitions. Note: Equity fair value adjustments related to ASU 2016-01 requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. 38

3Q 2022 Preliminary Results Supplemental Non-GAAP Reconciliations Net Financing Revenue (ex. Core OID) QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 GAAP Net Financing Revenue [x] $ 1,719 $ 1,764 $ 1,693 $ 1,654 $ 1,594 $ 1 ,547 $ 1,372 $ 1 ,303 $ 1 ,200 $ 1 ,054 $ 1 ,146 $ 1,156 $ 1,188 Core OID 11 10 10 9 9 9 10 9 9 9 8 8 7 Net Financing Revenue (ex. Core OID) [a] $ 1,730 $ 1,774 $ 1,703 $ 1,663 $ 1,603 $ 1 ,556 $ 1 ,382 $ 1,312 $ 1,209 $ 1,063 $ 1 ,154 $ 1,164 $ 1 ,195 Adjusted Other Revenue QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 GAAP Other Revenue [y] $ 297 $ 312 $ 442 $ 545 $ 391 $ 538 $ 565 $ 678 $ 484 $ 555 $ 266 $ 487 $ 413 Accelerated OID & repositioning items - - - 9 52 70 - - - - - - - Change in fair value of equity securities 62 136 66 (21) 65 (19) (17) (111) (13) (90) 185 (29) 11 Adjusted Other Revenue [b] $ 359 $ 448 $ 508 $ 533 $ 507 $ 588 $ 548 $ 567 $ 471 $ 465 $ 451 $ 458 $ 424 Adjusted NIE (ex. Repositioning) QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 GAAP Noninterest Expense [z] $ 1,161 $ 1,138 $ 1,122 $ 1,090 $ 1,002 $ 1,075 $ 943 $ 1 ,023 $ 905 $ 985 $ 920 $ 880 $ 838 Repositioning 20 - - - - - - - - 50 - - - Adjusted NIE (ex. Repositioning) [c] $ 1,141 $ 1,138 $ 1,122 $ 1,090 $ 1,002 $ 1 ,075 $ 943 $ 1 ,023 $ 905 $ 935 $ 920 $ 880 $ 838 Core Pre-Provision Net Revenue QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 Pre-Provision Net Revenue [x]+[y]-[z] 855 938 1 ,013 1 ,109 983 1,010 994 958 779 624 492 763 763 Core Pre-Provision Net Revenue [a]+[b]-[c] $ 948 $ 1,084 $ 1,088 $ 1,107 $ 1,108 $ 1 ,070 $ 987 $ 856 $ 775 $ 593 $ 686 $ 742 $ 782 Adjusted Total Net Revenue ($ millions) Adjusted Total Net Revenue [a]+[b] $ 2,089 $ 2,222 $ 2,210 $ 2,197 $ 2,110 $ 2,145 $ 1,930 $ 1,879 $ 1 ,680 $ 1 ,528 $ 1,606 $ 1,622 $ 1,620 Original issue discount amortization expense QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 (1) Core original issue discount (Core OID) amortization expense $ 11 $ 10 $ 10 $ 9 $ 9 $ 9 $ 10 $ 9 $ 9 $ 9 $ 8 $ 8 $ 7 Other OID 3 2 3 3 3 3 3 3 3 4 3 3 3 GAAP original issue discount amortization expense $ 13 $ 13 $ 13 $ 12 $ 12 $ 12 $ 12 $ 13 $ 12 $ 12 $ 11 $ 11 $ 11 Outstanding original issue discount balance QUARTERLY TREND ($ millions) 3Q 22 2Q 22 1Q 22 4Q 21 3Q 21 2Q 21 1Q 21 4Q 20 3Q 20 2Q 20 1Q 20 4Q 19 3Q 19 Core outstanding original issue discount balance (Core OID balance) $ (852) $ (863) $ (873) $ (883) $ (900) $ ( 952) $ (1,018) $ (1,027) $ (1,037) $ (1,046) $ (1,055) $ (1,063) $ (1,071) Other outstanding OID balance (36) (39) (37) (40) (29) (32) (34) (37) (48) (46) (34) (37) (40) GAAP outstanding original issue discount balance $ (888) $ ( 901) $ (911) $ ( 923) $ ( 929) $ ( 983) $ (1,052) $ (1,064) $ (1,084) $ (1,092) $ (1,089) $ (1,100) $ (1,111) Note: Equity fair value adjustments related to ASU 2016-01 requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity. Core pre-provision net revenue (Core PPNR) is a non-GAAP financial measure calculated by adjusting Core pre-tax income to add back provision for credit losses. Management believes that Core PPNR is a helpful financial metric because it enables the reader to assess the core business' ability to generate earnings to cover credit losses. ‘Repositioning’ is primarily related to the extinguishment of high-cost legacy debt, strategic activities, and significant other one-time items. (1) See page 29 for definition. 39

EX-99.3

Exhibit 99.3

THIRD QUARTER 2022

FINANCIAL SUPPLEMENT

ALLY FINANCIAL INC. FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION     

This document and related communications should be read in conjunction with the financial statements, notes, and other information contained in our 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 and third-party data available at the time of the presentation or related communication.

This document and related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts—such as statements about the outlook for financial and operating metrics, and future capital allocation and actions. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2021, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (collectively, our “SEC filings”). Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent SEC filings.

This document and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to U.S. generally accepted accounting principles (“GAAP”). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the presentation.

Unless the context otherwise requires, the following definitions apply. The term “loans” means the following consumer and commercial products associated with our direct and indirect financing activities: loans, retail installment sales contracts, lines of credit, and other financing products excluding operating leases. The term “operating leases” means consumer- and commercial-vehicle lease agreements where Ally is the lessor and the lessee is generally not obligated to acquire ownership of the vehicle at lease-end or compensate Ally for the vehicle’s residual value. The terms “lend,” “finance,” and “originate” mean our direct extension or origination of loans, our purchase or acquisition of loans, or our purchase of operating leases, as applicable. The term “consumer” means all consumer products associated with our loan and operating-lease activities and all commercial retail installment sales contracts. The term “commercial” means all commercial products associated with our loan activities, other than commercial retail installment sales contracts. The term “partnerships” means business arrangements rather than partnerships as defined by law.

3Q 2022  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 Finance	12
Corporate Finance	13
Corporate and Other	14
Credit Related Information	15-16
Supplemental Detail
Capital	17
Liquidity and Deposits	18
Net Interest Margin	19
Ally Bank Consumer Mortgage HFI Portfolios	20
Earnings Per Share Related Information	21
Adjusted Tangible Book Per Share Related Information	22
Core ROTCE Related Information	23
Adjusted Efficiency Ratio Related Information	24

3Q 2022  Preliminary Results 3

ALLY FINANCIAL INC. CONSOLIDATED FINANCIAL HIGHLIGHTS     

($ in millions, shares in thousands)	QUARTERLY TRENDS															CHANGE VS.
Selected Income Statement Data	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Net financing revenue (excluding Core OID) (1)	$	1,730		$	1,774		$	1,703		$	1,663		$	1,603		$	(45	)	$	126
Core OID		(11	)		(10	)		(10	)		(9	)		(9	)		—			(1	)
Net financing revenue (as reported)		1,719			1,764			1,693			1,654			1,594			(45	)		125
Other revenue (adjusted) (1)		359			448			508			533			507			(89	)		(148	)
Change in fair value of equity securities (2)		(62	)		(136	)		(66	)		21			(65	)		74			2
Repositioning (2)		—			—			—			(9	)		(52	)		—			52
Other revenue (as reported)		297			312			442			545			391			(15	)		(94	)
Provision for loan losses		438			304			167			210			76			134			362
Noninterest Expense (ex. Repositioning)		1,141			1,138			1,122			1,090			1,002			3			139
Repositioning		20			—			—			—			—			20			20
Total noninterest expense (3)		1,161			1,138			1,122			1,090			1,002			23			159
Pre-tax income from continuing operations		417			634			846			899			907			(217	)		(490	)
Income tax expense		117			152			191			241			195			(35	)		(78	)
(Loss) income from discontinued operations, net of tax		(1	)		—			—			(6	)		—			(1	)		(1	)
Net Income		299			482			655			652			712			(183	)		(413	)
Preferred Dividends		27			28			28			28			29			(1	)		(2	)
Net income attributable to common shareholders	$	272		$	454		$	627		$	624		$	683		$	(182	)	$	(411	)
Core Pre-Provision Net Revenue (4)	$	948		$	1,084		$	1,088		$	1,107		$	1,108		$	(137	)	$	(161	)
Selected Balance Sheet Data (Period-End)
Total assets	$	188,640		$	185,703		$	184,297		$	182,350		$	179,184		$	2,937		$	9,456
Consumer loans		106,720			103,683			99,869			98,226			95,052			3,037			11,668
Commercial loans		25,736			24,774			25,496			24,042			19,419			962			6,317
Allowance for loan losses		(3,611	)		(3,450	)		(3,301	)		(3,267	)		(3,148	)		(161	)		(463	)
Deposits		145,751			140,401			142,475			141,558			139,444			5,350			6,307
Total equity		12,434			13,984			15,413			17,050			17,289			(1,550	)		(4,855	)
Common Share Count
Weighted average basic		308,220			322,057			335,678			345,870			359,179			(13,837	)		(50,960	)
Weighted average diluted		310,086			324,027			337,812			348,666			361,855			(13,941	)		(51,769	)
Issued shares outstanding (period-end)		300,335			312,781			327,306			337,941			349,599			(12,446	)		(49,264	)
Per Common Share Data
Earnings per share (basic)	$	0.88		$	1.41		$	1.87		$	1.80		$	1.90		$	(0.53	)	$	(1.02	)
Earnings per share (diluted)		0.88			1.40			1.86			1.79			1.89			(0.52	)		(1.01	)
Adjusted earnings per share (1)		1.12			1.76			2.03			2.02			2.16			(0.64	)		(1.04	)
Book value per share		33.66			37.28			39.99			43.58			42.81			(3.62	)		(9.14	)
Tangible book value per share (5)		30.63			34.34			37.14			40.79			41.75			(3.70	)		(11.12	)
Adjusted tangible book value per share (5)		28.39			32.16			35.04			38.73			39.72			(3.76	)		(11.32	)
Select Financial Ratios
Net interest margin (as reported)		3.81	%		4.04	%		3.93	%		3.80	%		3.66	%
Net interest margin (ex. Core OID) (1)		3.83	%		4.06	%		3.95	%		3.82	%		3.68	%
Cost of funds		1.93	%		1.16	%		1.03	%		1.06	%		1.14	%
Cost of funds (ex. Core OID) (1)		1.89	%		1.12	%		0.99	%		1.03	%		1.11	%
Efficiency Ratio (6)		57.6	%		54.8	%		52.6	%		49.6	%		50.5	%
Adjusted efficiency ratio (6)		48.2	%		43.9	%		45.6	%		44.4	%		41.7	%
Return on average assets		0.6	%		1.0	%		1.4	%		1.4	%		1.5	%
Return on average total equity		8.2	%		12.4	%		15.5	%		14.5	%		15.7	%
Return on average tangible common equity		10.9	%		15.9	%		19.3	%		17.6	%		18.6	%
Core ROTCE (7)		17.2	%		23.2	%		23.6	%		22.1	%		24.2	%
Capital Ratios (8)
Common Equity Tier 1 (CET1) capital ratio		9.3	%		9.6	%		10.0	%		10.3	%		11.2	%
Tier 1 capital ratio		10.8	%		11.1	%		11.5	%		11.9	%		12.8	%
Total capital ratio		12.4	%		12.7	%		13.1	%		13.5	%		14.6	%
Tier 1 leverage ratio		8.8	%		9.1	%		9.4	%		9.7	%		10.0	%

(1) Represents a non-GAAP financial measure. For more details refer to page 21.

(2) See page 25 for methodology and detail.

(3) Including but not limited to employee related expenses, commissions and provision for losses and loss adjustment expense related to the insurance business, information technology expenses, servicing expenses, facilities expenses, marketing expenses, and other professional and legal expenses.

(4) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(5) Represents a non-GAAP financial measure. For more details refer to page 22.

(6) Represents a non-GAAP financial measure. For more details refer to page 24.

(7) Represents a non-GAAP financial measure. For more details refer to page 23.

(8) For more details on the final rules to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, to delay and subsequently phase-in its impact, see page 25.

3Q 2022  Preliminary Results 4

ALLY FINANCIAL INC. CONSOLIDATED INCOME STATEMENT     

	QUARTERLY TRENDS															CHANGE VS.
($ in millions)	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	2,120		$	1,842		$	1,714		$	1,679		$	1,619		$	278		$	501
Interest on loans held-for-sale		10			4			4			4			5			6			5
Total interest and dividends on investment securities		206			195			183			162			150			11			56
Interest-bearing cash		16			5			2			2			5			11			11
Other earning assets		12			8			5			5			5			4			7
Operating leases		397			396			403			403			393			1			4
Total financing revenue and other interest income		2,761			2,450			2,311			2,255			2,177			311			584
Interest expense
Interest on deposits		567			263			211			226			245			304			322
Interest on short-term borrowings		43			19			5			—			—			24			43
Interest on long-term debt		194			184			185			189			191			10			3
Interest on other		—			1			—			—			8			(1	)		(8	)
Total interest expense		804			467			401			415			444			337			360
Depreciation expense on operating lease assets		238			219			217			186			139			19			99
Net financing revenue (as reported)	$	1,719		$	1,764		$	1,693		$	1,654		$	1,594		$	(45	)	$	125
Other revenue
Insurance premiums and service revenue earned		289			280			280			280			279			9			10
Gain on mortgage and automotive loans, net		10			4			14			14			18			6			(8	)
Loss on extinguishment of debt		0			0			—			(10	)		(52	)		0			52
Other (loss) / gain on investments, net		(54	)		(124	)		5			73			24			70			(78	)
Other income, net of losses		52			152			143			188			122			(100	)		(70	)
Total other revenue		297			312			442			545			391			(15	)		(94	)
Total net revenue		2,016			2,076			2,135			2,199			1,985			(60	)		31
Provision for loan losses		438			304			167			210			76			134			362
Noninterest expense
Compensation and benefits expense		467			437			493			413			389			30			78
Insurance losses and loss adjustment expenses		70			89			58			55			69			(19	)		1
Other operating expenses		624			612			571			622			544			12			80
Total noninterest expense		1,161			1,138			1,122			1,090			1,002			23			159
Pre-tax income from continuing operations	$	417		$	634		$	846		$	899		$	907		$	(217	)	$	(490	)
Income tax expense from continuing operations		117			152			191			241			195			(35	)		(78	)
Net income from continuing operations		300			482			655			658			712			(182	)		(412	)
(Loss) from discontinued operations, net of tax		(1	)		—			—			(6	)		—			(1	)		(1	)
Net income		299			482			655			652			712			(183	)		(413	)
Preferred Dividends		27			28			28			28			29			(1	)		(2	)
Net Income Available to Common Shareholders	$	272		$	454		$	627		$	624		$	683		$	(182	)	$	(411	)
Core Pre-Tax Income Walk
Net financing revenue (ex. OID) (1)	$	1,730		$	1,774		$	1,703		$	1,663		$	1,603		$	(45	)	$	126
Adjusted other revenue (1)		359			448			508			533			507			(89	)		(148	)
Provision for credit losses		438			304			167			113			76			134			362
Adjusted noninterest expense (1)		1,141			1,138			1,122			1,090			1,002			3			139
Core pre-tax income (2)	$	510		$	780		$	921		$	994		$	1,032		$	(271	)	$	(523	)
Core OID		(11	)		(10	)		(10	)		(9	)		(9	)		0			(1	)
Change in the fair value of equity securities (3)		(62	)		(136	)		(66	)		21			(65	)		74			2
Repositioning (3)		(20	)		—			—			(107	)		(52	)		(20	)		31
Pre-tax income from continuing operations	$	417		$	634		$	846		$	899		$	907		$	(217	)	$	(490	)

(1) Represents a non-GAAP financial measure. For more details refer to page 21.

(2) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(3) See page 25 for methodology and detail.

3Q 2022  Preliminary Results 5

ALLY FINANCIAL INC. CONSOLIDATED PERIOD-END BALANCE SHEET     

($ in millions)	QUARTERLY TRENDS															CHANGE VS.
Assets	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Cash and cash equivalents
Noninterest-bearing	$	638		$	801		$	470		$	502		$	636		$	(163	)	$	2
Interest-bearing		4,366			3,366			3,462			4,560			10,279			1,000			(5,913	)
Total cash and cash equivalents		5,004			4,167			3,932			5,062			10,915			837			(5,911	)
Investment securities (1)		31,344			33,590			35,413			35,859			35,317			(2,246	)		(3,973	)
Loans held-for-sale, net		808			798			471			549			456			10			352
Finance receivables and loans, net		132,456			128,457			125,365			122,268			114,471			3,999			17,985
Allowance for loan losses		(3,611	)		(3,450	)		(3,301	)		(3,267	)		(3,148	)		(161	)		(463	)
Total finance receivables and loans, net		128,845			125,007			122,064			119,001			111,323			3,838			17,522
Investment in operating leases, net		10,577			10,516			10,730			10,862			10,969			61			(392	)
Premiums receivables and other insurance assets		2,719			2,743			2,730			2,724			2,752			(24	)		(33	)
Other assets		9,343			8,882			8,957			8,293			7,452			461			1,891
Total assets	$	188,640		$	185,703		$	184,297		$	182,350		$	179,184		$	2,937		$	9,456
Liabilities
Deposit liabilities
Noninterest-bearing	$	220		$	185		$	175		$	150		$	167		$	35		$	53
Interest-bearing		145,531			140,216			142,300			141,408			139,277			5,315			6,254
Total deposit liabilities		145,751			140,401			142,475			141,558			139,444			5,350			6,307
Short-term borrowings		7,200			7,775			3,950			—			—			(575	)		7,200
Long-term debt		16,628			16,984			15,885			17,029			14,946			(356	)		1,682
Interest payable		484			270			302			210			422			214			62
Unearned insurance premiums and service revenue		3,468			3,490			3,500			3,514			3,537			(22	)		(69	)
Accrued expense and other liabilities		2,675			2,799			2,772			2,989			3,546			(124	)		(871	)
Total liabilities	$	176,206		$	171,719		$	168,884		$	165,300		$	161,895		$	4,487		$	14,311
Equity
Common stock and paid-in capital (2)	$	14,994		$	15,390		$	15,956		$	16,483		$	17,050		$	(396	)	$	(2,056	)
Preferred stock		2,324			2,324			2,324			2,324			2,324			—			—
Accumulated deficit		(544	)		(721	)		(1,076	)		(1,599	)		(2,136	)		177			1,592
Accumulated other comprehensive income / (loss)		(4,340	)		(3,009	)		(1,791	)		(158	)		51			(1,331	)		(4,391	)
Total equity		12,434			13,984			15,413			17,050			17,289			(1,550	)		(4,855	)
Total liabilities and equity	$	188,640		$	185,703		$	184,297		$	182,350		$	179,184		$	2,937		$	9,456

(1) Includes Held-to-maturity securities.

(2) Includes Treasury stock.

3Q 2022  Preliminary Results 6

ALLY FINANCIAL INC. CONSOLIDATED AVERAGE BALANCE SHEET ⁽¹⁾     

($ in millions)	QUARTERLY TRENDS															CHANGE VS.
Assets	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Interest-bearing cash and cash equivalents	$	3,627		$	3,761		$	4,027		$	6,532		$	13,055		$	(134	)	$	(9,428	)
Investment securities and other earning assets		34,166			34,679			36,664			36,809			35,193			(513	)		(1,027	)
Loans held-for-sale, net		748			420			570			461			464			328			284
Total finance receivables and loans, net (2)		129,996			125,628			122,772			118,135			112,907			4,368			17,089
Investment in operating leases, net		10,588			10,615			10,878			10,951			10,919			(27	)		(331	)
Total interest earning assets		179,125			175,103			174,911			172,888			172,538			4,022			6,587
Noninterest-bearing cash and cash equivalents		503			343			422			505			526			160			(23	)
Other assets		10,338			10,510			9,825			9,568			9,328			(172	)		1,010
Allowance for loan losses		(3,494	)		(3,339	)		(3,279	)		(3,168	)		(3,152	)		(155	)		(342	)
Total assets	$	186,472		$	182,617		$	181,879		$	179,793		$	179,240		$	3,855		$	7,232
Liabilities
Interest-bearing deposit liabilities
Retail deposit liabilities	$	131,868		$	132,111		$	135,046		$	132,706		$	130,414		$	(243	)	$	1,454
Other interest-bearing deposit liabilities (3)		10,717			7,522			6,340			7,172			8,670			3,195			2,047
Total Interest-bearing deposit liabilities		142,586			139,633			141,387			139,878			139,084			2,953			3,502
Short-term borrowings		6,266			5,695			980			—			—			571			6,266
Long-term debt (4)		16,798			16,231			16,410			15,493			15,487			567			1,311
Total interest-bearing liabilities (4)		165,650			161,559			158,777			155,371			154,571			4,091			11,079
Noninterest-bearing deposit liabilities		207			181			171			165			160			26			47
Other liabilities		6,435			6,408			6,772			6,731			6,852			27			(417	)
Total liabilities	$	172,292		$	168,148		$	165,720		$	162,267		$	161,583		$	4,144		$	10,709
Equity
Total equity	$	14,180		$	14,469		$	16,159		$	17,526		$	17,657		$	(289	)	$	(3,477	)
Total liabilities and equity	$	186,472		$	182,617		$	181,879		$	179,793		$	179,240		$	3,855		$	7,232

(1) Average balances are calculated using an average daily balance methodology.

(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) Includes brokered and other deposits (inclusive of sweep deposits and other deposits).

(4) Includes average Core OID balance of $858 million in 3Q 2022, $868 million in 2Q 2022, $878 million in 1Q 2022, $889 million in 4Q 2021, and $905 million in Q3 2021

3Q 2022  Preliminary Results 7

ALLY FINANCIAL INC. SEGMENT HIGHLIGHTS     

($ in millions)
	QUARTERLY TRENDS														CHANGE VS.
Pre-tax Income / (Loss)	3Q 22			2Q 22			1Q 22		4Q 21			3Q 21			2Q 22			3Q 21
Automotive Finance	$	488		$	600		$	725	$	839		$	825		$	(112	)	$	(337	)
Insurance		(30	)		(122	)		13		91			24			92			(54	)
Dealer Financial Services		458			478			738		930			849			(20	)		(391	)
Corporate Finance		91			60			64		73			61			31			30
Mortgage Finance		19			6			11		3			6			13			13
Corporate and Other (1)		(151	)		90			33		(107	)		(9	)		(241	)		(142	)
Pre-tax income from continuing operations	$	417		$	634		$	846	$	899		$	907		$	(217	)	$	(490	)
Core OID (2)		11			10			10		9			9			0			1
Change in the fair value of equity securities (3)		62			136			66		(21	)		65			(74	)		(2	)
Repositioning (4)		20			—			—		107			52			20			(31	)
Core pre-tax income (4)	$	510		$	780		$	921	$	994		$	1,032		$	(271)		$	(523	)

(1) Corporate and Other includes the impact of centralized asset and liability management, corporate overhead allocation activities, the legacy mortgage portfolio, Ally Invest activity, Ally Lending activity and the Credit Card portfolio.

(2) Core OID for all periods shown are applied to the pre-tax income of the Corporate and Other segment.

(3) See page 25 for methodology and detail.

(4) Represents a non-GAAP measure. See page 25 for methodology and detail.

3Q 2022  Preliminary Results 8

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - CONDENSED FINANCIAL STATEMENTS     

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Net financing revenue
Consumer	$	1,461		$	1,362		$	1,302		$	1,339		$	1,320		$	99		$	141
Commercial		189			142			129			116			112			47			77
Operating leases		397			396			403			403			393			1			4
Total financing revenue and other interest income		2,047			1,900			1,834			1,858			1,825			147			222
Interest expense		506			380			322			331			357			126			149
Depreciation expense on operating lease assets:
Depreciation expense on operating lease assets (ex. remarketing)		278			269			266			251			226			8			51
Remarketing gains		39			50			50			65			86			(10	)		(47	)
Total depreciation expense on operating lease assets		238			219			217			186			139			19			99
Net financing revenue		1,303			1,301			1,295			1,341			1,329			2			(26	)
Other revenue
Total other revenue		74			72			68			67			61			2			13
Total net revenue		1,377			1,373			1,363			1,408			1,390			4			(13	)
Provision for credit losses		328			228			104			45			53			100			275
Noninterest expense
Compensation and benefits		155			152			168			146			136			3			19
Other operating expenses		406			393			366			378			376			13			30
Total noninterest expense		561			545			534			524			512			16			49
Pre-tax Income	$	488		$	600		$	725		$	839		$	825		$	(112	)	$	(337	)
Memo: Net lease revenue
Operating lease revenue	$	397		$	396		$	403		$	403		$	393		$	1		$	4
Depreciation expense on operating lease assets (ex. remarketing)		278			269			266			251			226			8			51
Remarketing gains, net of repo valuation		39			50			50			65			86			(10	)		(47	)
Total depreciation expense on operating lease assets		238			219			217			186			139			19			99
Net lease revenue	$	159		$	177		$	186		$	217		$	254		$	(18	)	$	(95	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	—		$	23		$	24		$	23		$	23		$	(23	)	$	(23	)
Loans held-for-sale, net		6			—			—			—			—			6			6
Consumer loans		84,116			82,191			79,262			78,289			77,683			1,925			6,433
Commercial loans		16,163			16,109			17,295			16,074			12,587			54			3,576
Allowance for loan losses		(3,024	)		(2,914	)		(2,794	)		(2,802	)		(2,851	)		(110	)		(173	)
Total finance receivables and loans, net		97,255			95,386			93,763			91,561			87,419			1,869			9,836
Investment in operating leases, net		10,577			10,516			10,730			10,862			10,969			61			(392	)
Other assets		1,276			1,253			1,237			1,207			1,206			23			70
Total assets	$	109,114		$	107,178		$	105,754		$	103,653		$	99,617		$	1,936		$	9,497

3Q 2022  Preliminary Results 9

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - KEY STATISTICS     

	QUARTERLY TRENDS										CHANGE VS.
	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22			3Q 21
U.S. Consumer Originations (1) ($ in billions)
Retail standard - new vehicle GM	$	1.2	$	1.1	$	0.9	$	0.8	$	0.9	$	0.2		$	0.3
Retail standard - new vehicle Stellantis		0.9		0.9		1.0		1.0		1.1		0.0			(0.1	)
Retail standard - new vehicle Growth		1.2		1.2		1.0		1.0		1.2		0.0			0.1
Used vehicle		7.9		9.1		7.6		7.0		7.8		(1.2	)		0.0
Lease		1.1		0.9		1.0		0.9		1.3		0.2			(0.2	)
Retail subvented		0.0		0.0		0.1		0.1		0.1		0.0			0.0
Total originations	$	12.3	$	13.3	$	11.6	$	10.9	$	12.3	$	(0.9	)	$	0.1
U.S. Consumer Originations - FICO Score
Super prime (760-999)	$	2.1	$	2.0	$	1.8	$	1.6	$	1.9	$	0.0		$	0.1
High prime (720-759)		1.6		1.7		1.4		1.3		1.5		(0.1	)		0.1
Prime (660-719)		4.0		4.3		3.7		3.5		4.0		(0.3	)		0.0
Prime/Near (620-659)		2.6		3.0		2.8		2.6		3.0		(0.4	)		(0.3	)
Non-Prime (540-619)		0.9		1.2		0.9		1.0		1.0		(0.2	)		(0.1	)
Sub-Prime (0-539)		0.2		0.2		0.1		0.1		0.1		0.0			0.1
No FICO (Primarily CSG) (2)		0.9		0.9		0.9		0.7		0.7		0.0			0.2
Total originations	$	12.3	$	13.3	$	11.6	$	10.9	$	12.3	$	(0.9	)	$	0.1
U.S. Consumer Retail Originations - Average FICO
New vehicle		699		698		697		697		694		1			4
Used vehicle		684		682		682		679		679		2			4
Total retail originations		688		685		686		684		683		2			4
U.S. Market
New light vehicle sales (SAAR - units in millions)		13.3		13.3		14.1		13.0		13.3		0.0			(0.1	)
New light vehicle sales (quarterly - units in millions)		3.4		3.5		3.3		3.2		3.4		(0.1	)		0.0
Dealer Engagement
Total Active Dealers (3)		22,923		22,408		21,688		21,076		20,353		515			2,570
Total Application Volume (000s)		3,149		3,296		3,169		2,933		3,258		(147	)		(109	)
Ally U.S. Commercial Outstandings EOP ($ in billions)
Floorplan outstandings	$	10.8	$	11.0	$	12.4	$	11.1	$	7.6	$	(0.2	)	$	3.2
Dealer loans and other		5.3		5.1		4.9		4.9		5.0		0.2			0.4
Total Commercial outstandings	$	16.2	$	16.1	$	17.3	$	16.1	$	12.6	$	0.1		$	3.6
U.S. Off-Lease Remarketing
Off-lease vehicles terminated - on-balance sheet (# in units)		29,562		29,665		30,488		27,977		34,475		(103	)		(4,913	)
Average gain per vehicle	$	1,325	$	1,671	$	1,640	$	2,339	$	2,495	$	(346	)	$	(1,169	)
Total gain ($ in millions)	$	39	$	50	$	50	$	65	$	86	$	(10	)	$	(47	)

(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) Commercial Services Group (CSG) are business customers. Average annualized credit losses of 35 - 40 bps on CSG loans from 2016 through 3Q22

(3) Active Dealers include those who utilize one or more of Ally’s products including consumer and commercial lending, SmartAuction or Commercial Services Group

3Q 2022  Preliminary Results 10

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

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement (GAAP View)	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Net financing revenue
Total interest and fees on finance receivables and loans(1)	$	2		$	2		$	3		$	4		$	3		$	—		$	(1	)
Interest and dividends on investment securities		28			29			26			26			25			(1	)		3
Interest bearing cash		1			—			—			—			1			1			—
Total financing revenue and other interest revenue		31			31			29			30			29			—			2
Interest expense		7			11			12			15			15			(4	)		(8	)
Net financing revenue		24			20			17			15			14			4			10
Other revenue
Insurance premiums and service revenue earned		289			280			280			280			279			9			10
Other (loss) / gain on investments, net		(56	)		(127	)		(14	)		56			1			71			(57	)
Other income, net of losses		3			5			4			3			3			(2	)		—
Total other revenue		236			158			270			339			283			78			(47	)
Total net revenue		260			178			287			354			297			82			(37	)
Noninterest expense
Compensation and benefits expense		26			24			28			23			23			2			3
Insurance losses and loss adjustment expenses		70			89			58			55			69			(19	)		1
Other operating expenses		194			187			188			185			181			7			13
Total noninterest expense		290			300			274			263			273			(10	)		17
Pre-tax (loss) income	$	(30	)	$	(122	)	$	13		$	91		$	24		$	92		$	(54	)
Memo: Income Statement (Managerial View)
Insurance premiums and other income
Insurance premiums and service revenue earned	$	289		$	280		$	280		$	280		$	279		$	9		$	10
Investment income (adjusted) (2)		30			29			64			47			80			1			(50	)
Other income		3			5			4			3			3			(2	)		—
Total insurance premiums and other income		322			314			348			330			362			8			(40	)
Expense
Insurance losses and loss adjustment expenses		70			89			58			55			69			(19	)		1
Acquisition and underwriting expenses
Compensation and benefit expense		26			24			28			23			23			2			3
Insurance commission expense		152			151			149			147			142			1			10
Other expense		42			36			39			38			39			6			3
Total acquistion and underwriting expense		220			211			216			208			204			9			16
Total expense		290			300			274			263			273			(10	)		17
Core pre-tax income (2)		32			14			74			67			89			18			(57	)
Change in the fair value of equity securities (2)		(62	)		(136	)		(61	)		24			(65	)		74			3
(Loss) income before income tax expense	$	(30	)	$	(122	)	$	13		$	91		$	24		$	92		$	(54	)
Balance Sheet (Period-End)
Cash and investment securities	$	5,161		$	5,407		$	5,651		$	5,530		$	5,503		$	(246	)	$	(342	)
Intercompany loans(1)		390			411			572			923			898			(21	)		(508	)
Premiums receivable and other insurance assets		2,731			2,755			2,741			2,735			2,761			(24	)		(30	)
Other assets		251			246			256			193			192			5			59
Total assets	$	8,533		$	8,819		$	9,220		$	9,381		$	9,354		$	(286	)	$	(821	)
Key Statistics
Total written premiums and revenue (3)	$	291		$	262		$	265		$	268		$	295		$	29		$	(4	)
Loss ratio (4)		23.9	%		31.2	%		20.5	%		19.5	%		24.4	%
Underwriting expense ratio (5)		74.8	%		74.8	%		76.0	%		73.4	%		72.0	%
Combined ratio		98.7	%		106.0	%		96.5	%		92.9	%		96.4	%

(1) Intercompany activity represents excess liquidity placed with corporate segment

(2) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(3) Written premiums are net of ceded premium for reinsurance.

(4) Loss Ratio is calculated as Insurance losses and loss adjustment expenses divided by Insurance premiums and service revenue earned and Other Income, net of losses.

(5) Underwriting Expense Ratio is calculated as Compensation and benefits expense and Other operating expenses divided by Insurance premiums and service revenue earned and Other Income, net of losses.

3Q 2022  Preliminary Results 11

ALLY FINANCIAL INC. MORTGAGE FINANCE - CONDENSED FINANCIAL STATEMENTS     

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.
Income Statement	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Net financing revenue
Total financing revenue and other interest income	$	151		$	139		$	130		$	119		$	106		$	12		$	45
Interest expense		94			83			77			77			70			11			24
Net financing revenue		57			56			53			42			36			1			21
Gain on mortgage loans, net		7			4			14			14			18			3			(11	)
Other income, net of losses		—			—			—			(1	)		1			—			(1	)
Total other revenue		7			4			14			13			19			3			(12	)
Total net revenue		64			60			67			55			55			4			9
Provision for loan losses		2			—			—			1			2			2			—
Noninterest expense
Compensation and benefits expense		5			6			6			6			5			(1	)		—
Other operating expense		38			48			50			45			42			(10	)		(4	)
Total noninterest expense		43			54			56			51			47			(11	)		(4	)
Pre-tax Income	$	19		$	6		$	11		$	3		$	6		$	13		$	13
Balance Sheet (Period-End)
Finance receivables and loans, net:
Consumer loans	$	19,715		$	18,923		$	18,372		$	17,644		$	16,059		$	792		$	3,656
Allowance for loan losses		(21	)		(20	)		(19	)		(19	)		(17	)		(1	)		(4	)
Total finance receivables and loans, net		19,694			18,903			18,353			17,625			16,042			791			3,652
Loans held for sale, net		44			81			95			80			102			(37	)		(58	)
Other assets		124			142			148			142			184			(18	)		(60	)
Total assets	$	19,862		$	19,126		$	18,596		$	17,847		$	16,328		$	736		$	3,534

3Q 2022  Preliminary Results 12

ALLY FINANCIAL INC. CORPORATE FINANCE - CONDENSED FINANCIAL STATEMENTS     

($ in millions)
	QUARTERLY TRENDS										CHANGE VS.
Income Statement	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Net financing revenue
Total financing revenue and other interest income	$	148	$	104	$	95	$	93	$	86	$	44	$	62
Interest expense		68		27		12		10		9		41		59
Net financing revenue		80		77		83		83		77		3		3
Total other revenue		54		19		24		53		16		35		38
Total net revenue		134		96		107		136		93		38		41
Provision for loan losses		13		8		6		33		5		5		8
Noninterest expense
Compensation and benefits expense		17		15		23		18		15		2		2
Other operating expense		13		13		14		12		12		—		1
Total noninterest expense		30		28		37		30		27		2		3
Pre-tax Income	$	91	$	60	$	64	$	73	$	61	$	31	$	30
Change in the fair value of equity securities (1)		(0)		0		4		2		(1)		—		1
Core pre-tax income (2)	$	91	$	60	$	68	$	75	$	60	$	31	$	31
Balance Sheet (Period-End)
Equity securities	$	6	$	3	$	3	$	11	$	14	$	3	$	(8)
Loans held for sale, net		544		517		190		305		215		27		329
Commercial loans		9,355		8,475		8,021		7,770		6,609		880		2,746
Allowance for loan losses		(186)		(203)		(221)		(215)		(183)		17		(3)
Total finance receivables and loans, net		9,169		8,272		7,800		7,555		6,426		897		2,743
Other assets		121		98		93		79		74		23		47
Total assets	$	9,840	$	8,890	$	8,086	$	7,950	$	6,729	$	950	$	3,111

(1)  See page 25 for methodology and detail.

(2)  Represents a non-GAAP financial measure. See page 25 for methodology and detail.

3Q 2022  Preliminary Results 13

ALLY FINANCIAL INC. CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS     

($ in millions)	QUARTERLY TRENDS															CHANGE VS.
Income Statement	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Net financing revenue
Total financing revenue and other interest income		384			276			223			155			131			108			253
Interest expense		129			(34	)		(22	)		(18	)		(7	)		163			136
Net financing revenue		255			310			245			173			138			(55	)		117
Other revenue
Loss on extinguishment of debt		0			0			—			(10	)		(52	)		0			52
Other gain on investments, net		2			2			18			17			22			—			(20	)
Other income, net of losses (1)		(76	)		57			48			66			42			(133	)		(118	)
Total other revenue		(74	)		59			66			73			12			(133	)		(86	)
Total net revenue		181			369			311			246			150			(188	)		31
Provision for loan losses		95			68			57			131			16			27			79
Noninterest expense
Compensation and benefits expense		264			240			268			220			210			24			54
Other operating expense (2)		(27	)		(29	)		(47	)		2			(67	)		2			40
Total noninterest expense		237			211			221			222			143			26			94
Pre-tax (loss) income	$	(151	)	$	90		$	33		$	(107	)	$	(9	)	$	(241	)	$	(142	)
Change in the fair value of equity securities (3)		0			0			0			1			1			0			(1	)
Core OID (4)		11			10			10			9			9			0			1
Repositioning (3)		20			—			—			107			52			20			(31	)
Core pre-tax (loss) income (4)	$	(120	)	$	101		$	43		$	10		$	52		$	(221	)	$	(173	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	31,181		$	32,324		$	33,667		$	35,357		$	40,692		$	(1,143	)	$	(9,511	)
Loans held-for-sale, net		214			200			186			164			139			14			75
Consumer loans		2,889			2,569			2,235			2,293			1,310			320			1,579
Commercial loans		218			190			180			198			223			28			(5	)
Intercompany loans(5)		(390	)		(411	)		(572	)		(923	)		(898	)		21			508
Allowance for loan losses		(380	)		(313	)		(267	)		(231	)		(97	)		(67	)		(283	)
Total finance receivables and loans, net		2,337			2,035			1,576			1,337			538			302			1,799
Other assets		7,559			7,131			7,212			6,661			5,787			428			1,772
Total assets	$	41,291		$	41,690		$	42,641		$	43,519		$	47,156		$	(399	)	$	(5,865	)
Core OID Amortization Schedule (4)		2022			2023			2024			2025			2026 & After
Remaining Core OID amortization expense	$	11		$	48		$	56		$	66			Avg = $112/yr

(1) Includes the impact of centralized asset and liability management, the legacy mortgage portfolio, Ally Invest activity, and Ally Lending activity.

(2) Other operating expenses includes corporate overhead allocated to the other business segments. Amounts of corporate overhead allocated were $321 million for 3Q22, $307 million for 2Q22, $311 million for 1Q22, $294 million for 4Q21, and $290 million for 3Q21. The receiving business segment records the allocation of corporate overhead expense within other operating expenses.

(3) See page 25 for methodology and detail.

(4) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(5) Intercompany loan related to activity between Insurance and Corporate for liquidity purposes.

3Q 2022  Preliminary Results 14

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION     

$ in millions
	QUARTERLY TRENDS															CHANGE VS.
Asset Quality - Consolidated (1)	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22		3Q 21
Ending loan balance	$	132,450		$	128,450		$	125,358		$	122,261		$	114,463		$	4,000	$	17,987
30+ Accruing DPD	$	2,608		$	2,198		$	1,684		$	1,793		$	1,591		$	410	$	1,017
30+ Accruing DPD %		1.97	%		1.71	%		1.34	%		1.47	%		1.39	%
60+ Accruing DPD	$	609		$	491		$	380		$	401		$	308		$	118	$	301
60+ Accruing DPD %		0.46	%		0.38	%		0.30	%		0.33	%		0.27	%
Non-performing loans (NPLs)	$	1,383		$	1,380		$	1,388		$	1,436		$	1,285		$	3	$	98
Net charge-offs (NCOs)	$	276		$	153		$	133		$	103		$	54		$	123	$	222
Net charge-off rate (2)		0.85	%		0.49	%		0.43	%		0.35	%		0.19	%
Provision for loan losses (3)	$	438		$	304		$	167		$	210		$	76		$	134	$	362
Allowance for loan losses (ALLL)	$	3,611		$	3,450		$	3,301		$	3,267		$	3,148		$	161	$	464
ALLL as % of Loans (3) (4)		2.71	%		2.68	%		2.63	%		2.67	%		2.75	%
ALLL as % of NPLs (3)		261	%		250	%		238	%		227	%		245	%
ALLL as % of NCOs (3)		327	%		561	%		621	%		n/m			n/m
US Auto Delinquencies - HFI Retail Contract $‘s
30+ Delinquent contract $	$	2,442		$	2,061		$	1,594		$	1,677		$	1,427		$	381	$	1,015
% of retail contract $outstanding		2.93	%		2.52	%		2.02	%		2.14	%		1.83	%
60+ Delinquent contract $	$	577		$	470		$	362		$	378		$	298
% of retail contract $outstanding		0.69	%		0.57	%		0.46	%		0.48	%		0.38	%
U.S. Auto Annualized Net Charge-Offs - HFI Retail Contract $‘s
Net charge-offs	$	217		$	108		$	113		$	94		$	51		$	109	$	166
% of avg. HFI assets (2)		1.05	%		0.54	%		0.58	%		0.48	%		0.27	%
U.S. Auto Annualized Net Charge-Offs - HFI Commercial Contract $‘s
Net charge-offs	$	0		$	(1	)	$	(1	)	$	0		$	0		$	1	$	0
% of avg. HFI assets (2)		—	%		(0.03	)%		(0.01	)%		(0.01	)%		(0.01	)%

(1) Loans within this table are classified as held-for-investment recorded at amortized 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 recievables and loans excluding loans measured at fair value, conditional repurchase loans and loans held-for-sale during the year for each loan category.

(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) Excludes ($658M) of fair value adjustment for loans in hedge accounting relationships in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22, ($37M) in 4Q21 and $78M in 3Q21.

3Q 2022  Preliminary Results 15

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION, CONTINUED     

($ in millions)
Automotive Finance (1)	QUARTERLY TRENDS										CHANGE VS.
Consumer	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Allowance for loan losses	$	2,993	$	2,885	$	2,763	$	2,769	$	2,810	$	108	$	183
Total consumer loans (2)	$	83,459	$	81,691	$	78,911	$	78,252	$	77,761	$	1,768	$	5,698
Coverage ratio (3)		3.56%		3.51%		3.49%		3.54%		3.62%
Commercial
Allowance for loan losses	$	30	$	30	$	31	$	33	$	41	$	1	$	(11)
Total commercial loans	$	16,163	$	16,108	$	17,295	$	16,074	$	12,587	$	55	$	3,576
Coverage ratio		0.19%		0.18%		0.18%		0.21%		0.32%
Mortgage (1)
Consumer
Mortgage Finance
Allowance for loan losses	$	21	$	20	$	19	$	19	$	17	$	1	$	4
Total consumer loans	$	19,715	$	18,923	$	18,372	$	17,644	$	16,059	$	792	$	3,656
Coverage ratio		0.11%		0.11%		0.10%		0.11%		0.11%
Mortgage-Legacy
Allowance for loan losses	$	6	$	6	$	7	$	8	$	8	$	—	$	(2)
Total consumer loans	$	306	$	322	$	341	$	368	$	396	$	(16)	$	(90)
Coverage ratio		1.86%		1.92%		2.03%		2.05%		2.04%
Total Mortgage
Allowance for loan losses	$	27	$	26	$	26	$	27	$	25	$	1	$	2
Total consumer loans	$	20,021	$	19,245	$	18,713	$	18,012	$	16,455	$	776	$	3,566
Coverage ratio		0.13%		0.14%		0.14%		0.15%		0.15%
Consumer Other - Ally Lending (1) (4)
Allowance for loan losses	$	167	$	141	$	124	$	102	$	86	$	26	$	81
Total consumer loans	$	1,807	$	1,516	$	1,202	$	1,002	$	828	$	291	$	980
Coverage ratio		9.22%		9.32%		10.32%		10.20%		10.34%
Consumer Other - Ally Credit Card (1) (5)
Allowance for loan losses	$	205	$	162	$	134	$	119		—	$	43	$	205
Total consumer loans	$	1,427	$	1,224	$	1,036	$	953		—	$	203	$	1,427
Coverage ratio		14.40%		13.25%		12.90%		12.44%		—
Corporate Finance (1)
Allowance for loan losses	$	186	$	203	$	221	$	215	$	183	$	(18)	$	3
Total commercial loans	$	9,354	$	8,476	$	8,021	$	7,770	$	6,609	$	878	$	2,745
Coverage ratio		1.99%		2.40%		2.76%		2.77%		2.78%
Corporate and Other (1)
Allowance for loan losses	$	3	$	3	$	2	$	2	$	3	$	—	$	—
Total commercial loans	$	219	$	190	$	180	$	198	$	223	$	29	$	(4)
Coverage ratio		1.36%		1.36%		1.36%		1.36%		1.36%

(1) ALLL coverage ratios are based on the domestic allowance as a percentage of finance receivables and loans reported at their gross carrying value, which includes the principal amount outstanding, net of unearned income, unamortized deferred fees reduced by costs on originated loans, unamortized premiums and discounts on purchased loans, unamortized basis adjustments arising from the designation of finance receivables and loans as the hedged item in qualifying fair value hedge relationships, and cumulative principal charge-offs. Excludes loans held at fair value.

(2) Includes ($658M) of fair value adjustment for loans in hedge accounting relationships in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22, ($37M) in 4Q21 and $78M in 3Q21.

(3) Excludes ($658M) of fair value adjustment for loans in hedge accounting relationships in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22, ($37M) in 4Q21 and $78M in 3Q21.

(4) Represents Health Credit Services (HCS) which Ally acquired in 4Q19 (now Ally Lending).

(5) Credit card lending portfolio.

3Q 2022  Preliminary Results 16

ALLY FINANCIAL INC. CAPITAL     

($ in billions)	QUARTERLY TRENDS										CHANGE VS.
Capital	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Risk-weighted assets	$	155.1	$	152.3	$	149.0	$	146.4	$	140.0	$	2.8	$	15.1
Common Equity Tier 1 (CET1) capital ratio		9.3%		9.6%		10.0%		10.3%		11.2%
Tier 1 capital ratio		10.8%		11.1%		11.5%		11.9%		12.8%
Total capital ratio		12.4%		12.7%		13.1%		13.5%		14.6%
Tangible common equity / Tangible assets (1)(2)		4.9%		5.8%		6.6%		7.6%		8.2%
Tangible common equity / Risk-weighted assets (1)		5.9%		7.1%		8.2%		9.4%		10.4%
Shareholders’ equity	$	12.4	$	14.0	$	15.4	$	17.1	$	17.3	$	(1.6)	$	(4.9)
add:   CECL phase-in adjustment		0.9		0.9		0.9		1.2		1.2		—		(0.3)
less:   Certain AOCI items and other adjustments		3.4		2.1		0.9		(0.8)		(0.5)		1.3		3.9
Preferred equity		(2.3)		(2.3)		(2.3)		(2.3)		(2.3)		—		—
Common Equity Tier 1 capital	$	14.4	$	14.7	$	14.8	$	15.1	$	15.7	$	(0.3)	$	(1.3)
Common Equity Tier 1 capital	$	14.4	$	14.7	$	14.8	$	15.1	$	15.7	$	(0.3)	$	(1.3)
add:   Preferred equity		2.3		2.3		2.3		2.3		2.3		—		—
less:   Other adjustments		—		—		—		(0.1)		(0.1)		—		0.1
Tier 1 capital	$	16.7	$	16.9	$	17.1	$	17.4	$	17.9	$	(0.2)	2$	(1.2)
Tier 1 capital	$	16.7	$	16.9	$	17.1	$	17.4	$	17.9	$	(0.2)	$	(1.2)
add:   Qualifying subordinated debt		0.6		0.6		0.6		0.6		0.8		—		(0.2)
Allowance for loan and lease losses includible in Tier 2 capital and other adjustments		1.9		1.9		1.8		1.7		1.6		—		0.3
Total capital	$	19.2	$	19.4	$	19.6	$	19.7	$	20.4	$	(0.2)	$	(1.2)
Total shareholders’ equity	$	12.4	$	14.0	$	15.4	$	17.1	$	17.3	$	(1.6)	$	(4.9)
less:   Preferred equity		(2.3)		(2.3)		(2.3)		(2.3)		(2.3)		—		—
Goodwill and intangible assets, net of deferred tax liabilities		(0.9)		(0.9)		(0.9)		(0.9)		(0.4)		—		(0.5)
Tangible common equity (1)	$	9.2	$	10.7	$	12.2	$	13.8	$	14.6	$	(1.5)	$	(5.4)
Total assets	$	188.6	$	185.7	$	184.3	$	182.1	$	179.2	$	2.9	$	9.4
less:   Goodwill and intangible assets, net of deferred tax liabilities		(0.9)		(0.9)		(0.9)		(0.9)		(0.4)		—		(0.5)
Tangible assets (2)	$	187.7	$	184.8	$	183.4	$	181.2	$	178.8	$	2.9	$	8.9

Note: Numbers may not foot due to rounding

(1) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(2) Represents a non-GAAP financial measure. Ally defines tangible assets as total assets less goodwill and intangible assets, net of deferred tax liabilities.

For more details on the final rules to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, to delay and subsequently phase-in its impact, see page 25.

3Q 2022  Preliminary Results 17

ALLY FINANCIAL INC. LIQUIDITY AND DEPOSITS     

	QUARTERLY TRENDS										CHANGE VS.
Consolidated Available Liquidity ($ in billions)	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22			3Q 21
Liquid cash and cash equivalents (1)	$	4.6	$	3.7	$	3.6	$	4.4	$	10.1	$	0.9		$	(5.6	)
Highly liquid securities (2)		22.7		24.6		25.9		26.8		26.7		(1.9	)		(3.9	)
Current committed unused capacity		—		—		—		0.0		0.1		—			(0.1	)
Total current available liquidity	$	27.3	$	28.3	$	29.5	$	31.2	$	36.9	$	(1.0	)	$	(9.6	)
Unsecured Long-Term Debt Maturity Profile	2022		2023		2024		2025		2026		2027 & After
Consolidated remaining maturities (3)	$	—	$	2.0	$	1.5	$	2.3	$	—	$	4.0
Ally Bank Deposits
Key Deposit Statistics
Average retail CD maturity (months)		21.3		20.7		20.5		20.3		20.2		0.6			1.1
Average retail deposit rate		1.50%		0.71%		0.59%		0.61%		0.64%
End of Period Deposit Levels ($ in millions)
Retail	$	133,878	$	131,155	$	135,978	$	134,672	$	131,590	$	2,723		$	2,288
Brokered & other		11,873		9,247		6,497		6,886		7,854		2,627			4,019
Total deposits	$	145,751	$	140,402	$	142,475	$	141,558	$	139,444	$	5,350		$	6,308
Deposit Mix
Retail CD		20%		23%		24%		26%		27%
MMA/OSA/Checking		72%		71%		72%		70%		67%
Brokered		8%		6%		4%		4%		6%

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

(2) Includes unencumbered UST, Agency debt, Agency MBS, and highly liquid Corporates

(3) Excludes retail notes; as of 9/30/2022. Reflects notional value of outstanding bond. Excludes total GAAP OID and capitalized transaction costs.

3Q 2022  Preliminary Results 18

ALLY FINANCIAL INC. NET INTEREST MARGIN     

($ in millions)	QUARTERLY TRENDS										CHANGE VS.
Average Balance Details	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Retail Auto Loans	$	82,362	$	79,695	$	78,224	$	77,979	$	76,557	$	2,667	$	5,805
Auto Lease (net of dep)		10,588		10,615		10,878		10,951		10,919		(27)		(331)
Dealer Floorplan		10,886		11,372		11,594		9,539		8,849		(486)		2,037
Other Dealer Loans		5,059		4,839		4,810		4,829		5,038		220		21
Corporate Finance		9,291		8,351		8,045		7,147		6,735		940		2,556
Mortgage(1)		19,762		18,980		18,228		17,533		15,125		782		4,637
Consumer Other - Ally Lending(2)		1,672		1,346		1,100		923		728		326		944
Consumer Other - Ally Credit Card (3)		1,300		1,093		981		309		—		207		1,300
Cash and Cash Equivalents		3,627		3,761		4,027		6,532		13,055		(134)		(9,428)
Investment Securities and Other		34,578		35,050		37,025		37,146		35,532		(472)		(954)
Total Earning Assets	$	179,125	$	175,103	$	174,911	$	172,888	$	172,538	$	4,022	$	6,587
Interest Revenue		2,523		2,231		2,094		2,069		2,038		292		485
Unsecured Debt (ex. Core OID balance) (4)	$	10,046	$	9,674	$	9,976	$	10,061	$	9,787	$	372	$	259
Secured Debt		1,374		1,154		1,089		1,331		1,675		220		(301)
Deposits (5)		142,793		139,814		141,557		140,043		139,244		2,979		3,549
Other Borrowings		12,502		11,966		7,203		4,990		4,929		536		7,573
Total Funding Sources (ex. Core OID balance) (4)	$	166,715	$	162,608	$	159,826	$	156,425	$	155,635	$	4,107	$	11,080
Interest Expense (ex. Core OID) (4)		793		457		391		406		435		336		358
Net Financing Revenue (ex. Core OID) (4)	$	1,730	$	1,774	$	1,703	$	1,663	$	1,603	$	(44)	$	127
Net Interest Margin (yield details)
Retail Auto Loan		7.29%		6.82%		6.61%		6.61%		6.62%		0.47%		0.67%
Retail Auto Loan (excl. hedge impact)		7.04%		6.85%		6.75%		6.81%		6.84%		0.19%		0.20%
Auto Lease (net of dep)		5.98%		6.66%		6.96%		7.88%		9.21%		(0.68)%		(3.23)%
Dealer Floorplan		5.03%		3.45%		2.97%		2.98%		3.18%		1.58%		1.85%
Other Dealer Loans		4.33%		4.13%		4.17%		4.10%		4.16%		0.20%		0.17%
Corporate Finance		6.30%		5.02%		4.76%		5.15%		5.12%		1.28%		1.18%
Mortgage		3.10%		3.01%		2.94%		2.77%		2.83%		0.09%		0.27%
Consumer Other - Ally Lending (2)		11.04%		11.94%		12.62%		12.89%		13.86%		(0.90)%		(2.82)%
Consumer Other - Ally Credit Card (3)		21.17%		19.71%		18.75%		18.11%		—%		1.46%		21.17%
Cash and Cash Equivalents		1.73%		0.61%		0.15%		0.14%		0.14%		1.12%		1.59%
Investment Securities and Other		2.55%		2.35%		2.09%		1.81%		1.76%		0.20%		0.79%
Total Earning Assets		5.59%		5.11%		4.86%		4.75%		4.68%		0.48%		0.91%
Unsecured Debt (ex. Core OID & Core OID balance) (4)		4.99%		5.04%		5.12%		5.02%		5.19%		(0.05)%		(0.20)%
Secured Debt		6.08%		6.61%		6.36%		5.91%		4.29%		(0.53)%		1.79%
Deposits (5)		1.58%		0.76%		0.61%		0.64%		0.70%		0.82%		0.88%
Other Borrowings		2.48%		1.75%		2.11%		2.59%		3.42%		0.73%		(0.94)%
Total Funding Sources (ex. Core OID & Core OID balance) (4)		1.89%		1.12%		0.99%		1.03%		1.11%		0.77%		0.78%
NIM (as reported)		3.81%		4.04%		3.93%		3.80%		3.66%		(0.23)%		0.15%
NIM (ex. Core OID & Core OID balance) (4)		3.83%		4.06%		3.95%		3.82%		3.68%		(0.23)%		0.15%

(1) ‘Mortgage includes held-for-investment (HFI) loans from the Mortgage Finance segment and the HFI legacy mortgage portfolio in run-off at the Corporate and Other segment.

(2) Unsecured consumer lending from point-of-sale financing.

(3) Credit Card lending portfolio. 4Q’21 end of period balance was $953 million. 4Q’21 Average Balance reflects one month of active balances on-balance sheet (12/1/2021-12/31/2021) and $0 for prior months within period.

(4) Represents a non-GAAP financial measure. Excludes Core OID from interest expense and Core OID balance from Unsecured Debt.

(5) Includes retail, brokered, and other deposits. Other includes sweep deposits and other deposits.

3Q 2022  Preliminary Results 19

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

($ in billions)	QUARTERLY TRENDS
Mortgage Finance HFI Portfolio	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21
Loan Value
Gross carry value	$	19.7	$	18.9	$	18.4	$	17.6	$	16.1
Net carry value	$	19.7	$	18.9	$	18.4	$	17.6	$	16.0
Estimated Pool Characteristics
% Second lien		0.0%		0.0%		0.0%		0.0%		0.0%
% Interest only		0.0%		0.0%		0.0%		0.0%		0.0%
% 30+ Day delinquent(1)(2)		0.7%		0.7%		0.6%		0.8%		1.1%
% Low/No documentation		0.0%		0.0%		0.1%		0.1%		0.1%
% Non-primary residence		4.4%		4.1%		4.0%		3.9%		4.3%
Refreshed FICO(3)		780		779		776		776		776
Wtd. Avg. LTV/CLTV (4)		54.2%		53.7%		55.7%		56.9%		57.6%
Corporate Other Legacy Mortgage HFI Portfolio
Loan Value
Gross carry value	$	0.3	$	0.3	$	0.3	$	0.4	$	0.4
Net carry value	$	0.3	$	0.3	$	0.3	$	0.4	$	0.4
Estimated Pool Characteristics
% Second lien		13.3%		13.9%		14.7%		15.0%		15.6%
% Interest only		0.1%		0.1%		0.1%		0.1%		0.2%
% 30+ Day delinquent(1)(2)		5.6%		7.2%		7.1%		7.5%		8.1%
% Low/No documentation		23.4%		23.6%		23.7%		23.4%		23.3%
% Non-primary residence		3.4%		3.3%		3.5%		3.5%		3.6%
Refreshed FICO(3)		743		740		738		735		735
Wtd. Avg. LTV/CLTV (4)		47.6%		49.1%		52.2%		54.2%		56.0%

1) MBA Delinquency buckets were used for First Lien products and OTS Delinquency buckets were used for all others.

2) %30+Day Delinquency bucket excludes loans which are current but are in bankruptcy.

3) Refreshed FICO includes the entire Bank HFI portfolio, inclusive of SBO. Previously, SBO loans had been excluded from our reporting.

4) 1st lien only. Updated home values derived using a combination of appraisals, BPOs, AVMs and MSA level house price indices.

3Q 2022  Preliminary Results 20

ALLY FINANCIAL INC. EARNINGS PER SHARE RELATED INFORMATION     

($ in millions, shares in thousands)		QUARTERLY TRENDS															CHANGE VS.
Earnings Per Share Data		3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
GAAP net income attributable to common shareholders		$	272		$	454		$	627		$	624		$	683		$	(182	)	$	(411	)
Weighted-average common shares outstanding - basic			308,220			322,057			335,678			345,870			359,179			(13,837	)		(50,960	)
Weighted-average common shares outstanding - diluted			310,086			324,027			337,812			348,666			361,855			(13,941	)		(51,769	)
Issued shares outstanding (period-end)			300,335			312,781			327,306			337,941			349,599			(12,446	)		(49,264	)
Net income per share - basic		$	0.88		$	1.41		$	1.87		$	1.80		$	1.90		$	(0.53	)	$	(1.02	)
Net income per share - diluted		$	0.88		$	1.40		$	1.86		$	1.79		$	1.89		$	(0.52	)	$	(1.01	)
Adjusted Earnings per Share (“Adjusted EPS”)
Numerator
GAAP net income attributable to common shareholders		$	272		$	454		$	627		$	624		$	683		$	(182	)	$	(411	)
Discontinued operations, net of tax			1			—			—			6			—			1			1
Core OID			11			10			10			9			9			—			1
Change in the fair value of equity securities			62			136			66			(21	)		65			(74	)		(2	)
Core OID, repositioning & change in the fair value of equity securities tax (tax rate 21%)			(20	)		(31	)		(16	)		(20	)		(26	)		11			6
Repositioning			20			—			—			107			52			20			(31	)
Core net income attributable to common shareholders (1)		$	346		$	570		$	687		$	705		$	782		$	(224	)	$	(436	)
Denominator
Weighted-average common shares outstanding - diluted			310,086			324,027			337,812			348,666			361,855			(13,941	)		(51,769	)
Adjusted EPS (2)		$	1.12		$	1.76		$	2.03		$	2.02		$	2.16		$	(0.64	)	$	(1.04	)
Core original issue discount (Core OID) amortization expense (1)		$	11		$	10		$	10		$	9		$	9		$	0		$	1
Other OID			3			2			3			3			3			—			—
GAAP original issue discount amortization expense		$	13		$	13		$	13		$	12		$	12		$	1		$	2
Core outstanding original issue discount balance (Core OID balance) (1)		$	(852	)	$	(863	)	$	(873	)	$	(883	)	$	(900	)	$	11		$	48
Other outstanding OID balance			(36	)		(39	)		(37	)		(40	)		(29	)		3			(7	)
GAAP outstanding original issue discount balance		$	(888	)	$	(901	)	$	(911	)	$	(923	)	$	(929	)	$	13		$	41
GAAP net financing revenue	[A]	$	1,719		$	1,764		$	1,693		$	1,654		$	1,594		$	(45	)	$	125
Core OID			11			10			10			9			9			—			1
Net Financing Revenue (ex. Core OID)	[B]	$	1,730		$	1,774		$	1,703		$	1,663		$	1,603		$	(45	)	$	126
GAAP Other Revenue	[C]	$	297		$	312		$	442		$	545		$	391		$	(15	)	$	(94	)
Repositioning			—			—			—			9			52			—			(52	)
Change in the fair value of equity securities			62			136			66			(21	)		65			(74	)		(2	)
Adjusted Other Revenue	[D]	$	359		$	448		$	508		$	533		$	507		$	(89	)	$	(148	)
GAAP Provision Expense		$	438		$	304		$	167		$	210		$	76		$	134		$	362
Repositioning			—			—			—			(97	)		—			—			—
Adjusted Provision (ex. Repositioning)		$	438		$	304		$	167		$	113		$	76		$	134		$	362
GAAP Noninterest expense	[E]	$	1,161		$	1,138		$	1,122		$	1,090		$	1,002		$	23		$	159
Repositioning and other			(20	)		—			—			—			—			(20	)		(20	)
Adjusted Noninterest Expense	[F]	$	1,141		$	1,138		$	1,122		$	1,090		$	1,002		$	3		$	139
Pre-Provision Net Revenue (PPNR)	[A]+[C]+[E]	$	855		$	938		$	1,013		$	1,109		$	983		$	(83	)	$	(128	)
Core Pre-Provision Net Revenue (PPNR) (1)	[B]+[D]+[F]	$	948		$	1,084		$	1,088		$	1,107		$	1,108		$	(137	)	$	(161	)

(1) Represents a non-GAAP financial measure. See page 25 for definitions.

(2) Adjusted earnings per share (Adjusted EPS) is a non-GAAP financial measure that adjusts GAAP EPS for revenue and expense items that are typically strategic in nature or that management otherwise does not view as reflecting the operating performance of the company. Management believes Adjusted EPS can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. In the numerator of Adjusted EPS, GAAP net income attributable to common shareholders is adjusted for the following items: (1) excludes discontinued operations, net of tax, as Ally is primarily a domestic company and sales of international businesses and other discontinued operations in the past have significantly impacted GAAP EPS, (2) adds back the tax-effected non-cash Core OID, (3) adjusts for tax-effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, (4) excludes equity fair value adjustments (net of tax) related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity, and (5) excludes significant discrete tax items that do not relate to the operating performance of the core businesses, and adjusts for preferred stock capital actions (e.g., Series A and Series G) that have been taken by the company to normalize its capital structure, as applicable for respective periods.(3) Repositioning and other includes a $50 million Goodwill impairment at Ally Invest in 2Q20.

3Q 2022  Preliminary Results 21

ALLY FINANCIAL INC. ADJUSTED TANGIBLE BOOK PER SHARE RELATED INFORMATION     

($ in millions, shares in thousands)	QUARTERLY TRENDS										CHANGE VS.
Adjusted Tangible Book Value Per Share (“Adjusted TBVPS”)  Information	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Numerator
GAAP shareholder’s equity	$	12,434	$	13,984	$	15,413	$	17,050	$	17,289	$	(1,550)	$	(4,855)
Preferred equity		(2,324)		(2,324)		(2,324)		(2,324)		(2,324)		—		—
GAAP common shareholder’s equity	$	10,110	$	11,660	$	13,089	$	14,726	$	14,965	$	(1,550)	$	(4,855)
Goodwill and identifiable intangibles, net of DTLs		(910)		(920)		(932)		(941)		(369)		11		(541)
Tangible common equity (1)		9,200		10,740		12,157		13,785		14,596		(1,539)		(5,396)
Tax-effected Core OID balance (21% tax rate) (1)		(673)		(682)		(690)		(698)		(711)		8		38
Adjusted tangible book value (2)	$	8,527	$	10,058	$	11,468	$	13,087	$	13,885	$	(1,531)	$	(5,358)
Denominator
Issued shares outstanding (period-end, thousands)		300,335		312,781		327,306		337,941		349,599		(12,446)		(49,264)
GAAP shareholder’s equity per share	$	41.40	$	44.71	$	47.09	$	50.45	$	49.45	$	(3.31)	$	(8.05)
Preferred equity per share		(7.74)		(7.43)		(7.10)		(6.88)		(6.65)		(0.31)		(1.09)
GAAP common shareholder’s equity per share	$	33.66	$	37.28	$	39.99	$	43.58	$	42.81	$	(3.62)	$	(9.14)
Goodwill and identifiable intangibles, net of DTLs per share		(3.03)		(2.94)		(2.85)		(2.79)		(1.06)		(0.09)		(1.97)
Tangible common equity per share (1)		30.63		34.34		37.14		40.79		41.75		(3.70)		(11.12)
Tax-effected Core OID balance (21% tax rate) per share (1)		(2.24)		(2.18)		(2.11)		(2.06)		(2.03)		(0.06)		(0.21)
Adjusted tangible book value per share (2)	$	28.39	$	32.16	$	35.04	$	38.73	$	39.72	$	(3.76)	$	(11.32)

(1) Represents a non-GAAP financial measure. See page 25 for methodology and detail.

(2) Adjusted tangible book value per share (Adjusted TBVPS) is a non-GAAP financial measure that reflects the book value of equity attributable to shareholders even if Core OID balance were accelerated immediately through the financial statements. As a result, management believes Adjusted TBVPS provides the reader with an assessment of value that is more conservative than GAAP common shareholder’s equity per share. Adjusted TBVPS generally adjusts common equity for (1) goodwill and identifiable intangibles, net of DTLs, and (2) tax-effected Core OID balance to reduce tangible common equity in the event the corresponding discounted bonds are redeemed/tendered and (3) Series G discount which reduces tangible common equity as the company has normalized its capital structure, as applicable for respective periods.

3Q 2022  Preliminary Results 22

ALLY FINANCIAL INC. CORE ROTCE RELATED INFORMATION     

($ in millions) unless noted otherwise	QUARTERLY TRENDS										CHANGE VS.
Core Return on Tangible Common Equity (“Core ROTCE”)	3Q 22		2Q 22		1Q 22		4Q 21		3Q 21		2Q 22		3Q 21
Numerator
GAAP net income attributable to common shareholders	$	272	$	454	$	627	$	624	$	683	$	(182)	$	(411)
Discontinued operations, net of tax		1		—		—		6		—		1		1
Core OID		11		10		10		9		9		0		1
Change in the fair value of equity securities		62		136		66		(21)		65		(74)		(2)
Core OID, repositioning & change in the fair value of equity securities tax (tax rate 21%)		(20)		(31)		(16)		(20)		(26)		11		7
Repositioning		20		—		—		107		52		20		(31)
Core net income attributable to common shareholders (1)	$	346	$	570	$	687	$	705	$	782	$	(223)	$	(436)
Denominator (average,  $millions)
GAAP shareholder’s equity	$	13,209	$	14,699	$	16,232	$	17,170	$	17,410	$	(1,490)	$	(4,201)
Preferred equity		(2,324)		(2,324)		(2,324)		(2,324)		(2,324)		—		—
Goodwill & identifiable intangibles, net of deferred tax liabilities (“DTLs”)		(915)		(926)		(937)		(655)		(371)		11		(544)
Tangible common equity (1)	$	9,970	$	11,449	$	12,971	$	14,190	$	14,714	$	(1,479)	$	(4,744)
Core OID balance		(858)		(868)		(878)		(892)		(926)		10		68
Net deferred tax asset (“DTA”)		(1,068)		(758)		(437)		(551)		(866)		(310)		(203)
Normalized common equity	$	8,044	$	9,822	$	11,656	$	12,747	$	12,923	$	(1,778)	$	(4,879)
Core Return on Tangible Common Equity (2)		17.2%		23.2%		23.6%		22.1%		24.2%

(1) Represents a non-GAAP measure. See page 25 for methodology and detail.

(2) Core return on tangible common equity (Core ROTCE) is a non-GAAP financial measure that management believes is helpful for readers to better understand the ongoing ability of the company to generate returns on its equity base that supports core operations. For purposes of this calculation, tangible common equity is adjusted for Core OID balance and net DTA. Ally’s Core net income attributable to common shareholders for purposes of calculating Core ROTCE is based on the actual effective tax rate for the period adjusted for significant discrete tax items including tax reserve releases, which aligns with the methodology used in calculating adjusted earnings per share.

      1. In the numerator of Core ROTCE, GAAP net income attributable to common shareholders is adjusted for discontinued operations net of tax, repositioning and other which is primarily related to the extinguishment of high cost legacy debt, strategic activities and significant onetime items, tax-effected Core OID, fair value adjustments (net of tax) related to ASU 2016-01, effective 1/1/2018, which requires change in the fair value of equity securities to be recognized in current period net income as compared to prior periods in which such adjustments were recognized through other comprehensive income, a component of equity, significant discrete tax items, and preferred stock capital actions, as applicable for respective periods..

      2. In the denominator, GAAP shareholder’s equity is adjusted for goodwill and identifiable intangibles net of DTL, Core OID balance, and net DTA.

3Q 2022  Preliminary Results 23

ALLY FINANCIAL INC. ADJUSTED EFFICIENCY RATIO RELATED INFORMATION     

($ in millions)	QUARTERLY TREND															CHANGE VS.
Adjusted Efficiency Ratio Calculation	3Q 22			2Q 22			1Q 22			4Q 21			3Q 21			2Q 22			3Q 21
Numerator
GAAP Noninterest expense	$	1,161		$	1,138		$	1,122		$	1,090		$	1,002		$	23		$	159
Rep and warrant expense		—			—			—			—			—			—			—
Insurance expense		(290	)		(300	)		(274	)		(263	)		(273	)		10			(17	)
Repositioning		(20	)		—			—			—			—			(20	)		(20	)
Adjusted noninterest expense for the efficiency ratio	$	851		$	838		$	848		$	827		$	729		$	13		$	122
Denominator
Total net revenue	$	2,016		$	2,076		$	2,135		$	2,199		$	1,985		$	(60	)	$	31
Core OID		11			10			10			9			9			0			1
Insurance revenue		(260	)		(178	)		(287	)		(354	)		(297	)		(82	)		37
Repositioning		—			—			—			9			52			—			(52	)
Adjusted net revenue for the efficiency ratio	$	1,767		$	1,908		$	1,858		$	1,864		$	1,749		$	(142	)	$	18
Adjusted Efficiency Ratio (1)		48.2	%		43.9	%		45.6	%		44.4	%		41.7	%

(1) Adjusted efficiency ratio is a non-GAAP financial measure that management believes is helpful to readers in comparing the efficiency of its core banking and lending businesses with those of its peers. In the numerator of Adjusted efficiency ratio, total noninterest expense is adjusted for Insurance segment expense, Rep and warrant expense, and repositioning and other which is primarily related to the extinguishment of high cost legacy debt, strategic activities and significant onetime items, as applicable for respective periods. In the denominator, total net revenue is adjusted for Insurance segment revenue and Core OID. See page 11 for the combined ratio for the Insurance segment which management uses as a primary measure of underwriting profitability for the Insurance business.

3Q 2022  Preliminary Results 24

ALLY FINANCIAL INC.     

The following are non-GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements, but which are supplemental to, and not a substitute for, GAAP measures: Adjusted Earnings per Share (Adjusted EPS), Core pre tax income, Core net income attributable to common shareholders, Core return on tangible common equity (Core ROTCE), Adjusted efficiency ratio, Adjusted total net revenue, Adjusted other revenue, Adjusted noninterest expense, Core original issue discount (Core OID) amortization expense and Core outstanding original issue discount balance (Core OID balance), Net financing revenue (excluding Core OID), and Adjusted tangible book value per share (Adjusted TBVPS). These measures are used by management and we believe are useful to investors in assessing the company’s operating performance and capital. For calculation methodology, refer to the Reconciliation to GAAP later in this document.

1) Core pre-tax income is a non-GAAP financial measure that adjusts pre-tax income from continuing operations by excluding (1) Core OID, and (2) equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity (change in fair value of equity securities impacts the Insurance and Corporate Finance segments), and (3) Repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods or businesses. Management believes core pre-tax income can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. See page 5 for calculation methodology and details.

2) Core net income attributable to common shareholders is a non-GAAP financial measure that serves as the numerator in the calculations of Adjusted EPS and Core ROTCE and that, like those measures, is believed by management to help the reader better understand the operating performance of the core businesses and their ability to generate earnings. Core net income attributable to common shareholders adjusts GAAP net income attributable to common shareholders for discontinued operations net of tax, tax-effected Core OID expense, tax-effected repositioning and other primarily related to the extinguishment of high-cost legacy debt and strategic activities and significant other, preferred stock capital actions, significant discrete tax items and tax-effected changes in equity investments measured at fair value, as applicable for respective periods. See page 21 calculation methodology and details.

3) Tangible Common Equity is a non-GAAP financial measure that is defined as common stockholders’ equity less goodwill and identifiable intangible assets, net of deferred tax liabilities. Ally considers various measures when evaluating capital adequacy, including tangible common equity. Ally believes that tangible common equity is important because we believe readers 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. For purposes of calculating Core return on tangible common equity (Core ROTCE), tangible common equity is further adjusted for Core OID balance and net deferred tax asset. See page 22 for more details.

4) Core original issue discount (Core OID) amortization expense is a non-GAAP financial measure for OID and is believed by management to help the reader better understand the activity removed from: Core pre-tax income (loss), Core net income (loss) attributable to common shareholders, Adjusted EPS, Core ROTCE, Adjusted efficiency ratio, Adjusted total net revenue, and Net financing revenue (excluding Core OID). Core OID is primarily related to bond exchange OID which excludes international operations and future issuances. Core OID for all periods shown is applied to the pre-tax income of the Corporate and Other segment. See page 21 calculation methodology and details.

5) Core outstanding original issue discount balance (Core OID balance) is a non-GAAP financial measure for outstanding OID and is believed by management to help the reader better understand the balance removed from Core ROTCE and Adjusted TBVPS. Core OID balance is primarily related to bond exchange OID which excludes international operations and future issuances. See page 21 for calculation methodology and details

6) Accelerated issuance expense (Accelerated OID) is the recognition of issuance expenses related to calls of redeemable debt.

7) Estimated impact of CECL on regulatory capital per final rule issued by U.S. banking agencies—In December 2018, the FRB and other U.S. banking agencies approved a final rule to address the impact of CECL on regulatory capital by allowing BHCs and banks, including Ally, the option to phase in the day-one impact of CECL over a three-year period. In March 2020, the FRB and other U.S. banking agencies issued an interim final rule that became effective on March 31, 2020 and provided an alternative option for banks to temporarily delay the impacts of CECL, relative to the incurred loss methodology for estimating the allowance for loan losses, on regulatory capital. A final rule that was largely unchanged from the March 2020 interim final rule was issued by the FRB and other U.S. banking agencies in August 2020, and became effective in September 2020. For regulatory capital purposes, these rules permitted us to delay recognizing the estimated impact of CECL on regulatory capital until after a two-year deferral period, which for us extended through December 31, 2021. Beginning on January 1, 2022, we are required to phase in 25% of the previously deferred estimated capital impact of CECL, with an additional 25% to be phased in at the beginning of each subsequent year until fully phased in by the first quarter of 2025. Under these rules, firms that adopt CECL and elect the five-year transition will calculate the estimated impact of CECL on regulatory capital as the day-one impact of adoption plus 25% of the subsequent change in allowance during the two-year deferral period, which according to the final rule approximates the impact of CECL relative to an incurred loss model. We adopted this transition option during the first quarter of 2020, and beginning January 1, 2022, are phasing in the regulatory capital impacts of CECL based on this five-year transition period.

8) Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corporate and Other segments. Reflects equity fair value adjustments related to ASU 2016-01 which requires change in the fair value of equity securities to be recognized in current period net income as compared to periods prior to 1/1/18 in which such adjustments were recognized through other comprehensive income, a component of equity.

9) Repositioning is primarily related to the extinguishment of high-cost legacy debt, strategic activities and other one-time items.

10) Core pre-provision net revenue (Core PPNR) is a non-GAAP financial measure calculated by adjusting Core pre-tax income to add back provision for credit losses. Management believes that Core PPNR is a helpful financial metric because it enables the reader to assess the core businesses ability to generate earnings to cover credit losses and is utilized by the Federal Reserve’s approach to modeling within the Supervisory Stress Test Framework that generally follows U.S. generally accepted accounting principles (GAAP) and includes a calculation of PPNR as a component of projected pre-tax net income. See page 21 for calculation detail.

3Q 2022  Preliminary Results 25

XML

Document and Entity Information	Oct. 19, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Oct. 19, 2022
Entity File Number	1-3754
Entity Registrant Name	ALLY FINANCIAL INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-0572512
Entity Address, Address Line One	500 Woodward Ave.
Entity Address, Address Line Two	Floor 10
Entity Address, City or Town	Detroit
Entity Address, Address Description	Ally Detroit Center
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48226
City Area Code	866
Local Phone Number	710-4623
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ALLY
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000040729
Amendment Flag	false