Exhibit 99.3

FOURTH 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.

4Q 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

4Q 2022  Preliminary Results 3

ALLY FINANCIAL INC. CONSOLIDATED FINANCIAL HIGHLIGHTS          

($ in millions, shares in thousands)	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Selected Income Statement Data	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Net financing revenue (excluding Core OID) (1)	$	1,685		$	1,730		$	1,774		$	1,703		$	1,663		$	(45	)	$	22		$	6,892		$	6,205		$	687
Core OID		(11	)		(11	)		(10	)		(10	)		(9	)		0			(2	)		(42	)		(38	)		(4	)
Net financing revenue (as reported)		1,674			1,719			1,764			1,693			1,654			(45	)		20			6,850			6,167			683
Other revenue (adjusted) (1)		478			359			448			508			533			119			(55	)		1,793			2,177			(384	)
Change in fair value of equity securities (2)		49			(62	)		(136	)		(66	)		21			111			28			(215	)		(7	)		(208	)
Repositioning (2)		0			—			—			—			(9	)		0			9			—			(131	)		131
Other revenue (as reported)		527			297			312			442			545			230			(18	)		1,578			2,039			(461	)
Provision for loan losses		490			438			304			167			210			52			280			1,399			241			1,158
Noninterest Expense (ex. Repositioning)		1,209			1,141			1,138			1,122			1,090			68			119			4,610			4,110			500
Repositioning		57			20			0			0			—			37			57			77			0			77
Total noninterest expense (3)		1,266			1,161			1,138			1,122			1,090			105			176			4,687			4,110			577
Pre-tax income from continuing operations		445			417			634			846			899			28			(454	)		2,342			3,855			(1,513	)
Income tax expense		167			117			152			191			241			50			(74	)		627			790			(163	)
(Loss) income from discontinued operations, net of tax		—			(1	)		—			—			(6	)		1			6			(1	)		(5	)		4
Net Income	$	278		$	299		$	482		$	655		$	652		$	(21	)	$	(374	)	$	1,714		$	3,060		$	(1,346	)
Preferred Dividends		27			27			28			28			28			0			(1	)		110			57			53
Net income attributable to common shareholders	$	251		$	272		$	454		$	627		$	624		$	(21	)	$	(373	)	$	1,604		$	3,003		$	(1,399	)
Core Pre-Provision Net Revenue (4)	$	954		$	948		$	1,084		$	1,088		$	1,107		$	6		$	(152	)	$	4,075		$	4,271		$	(197	)
Selected Balance Sheet Data (Period-End)
Total assets	$	191,826		$	188,640		$	185,703		$	184,297		$	182,350		$	3,186		$	9,476
Consumer loans		106,610			106,720			103,683			99,869			98,226			(110	)		8,384
Commercial loans		29,138			25,736			24,774			25,496			24,042			3,402			5,096
Allowance for loan losses		(3,711	)		(3,611	)		(3,450	)		(3,301	)		(3,267	)		(100	)		(444	)
Deposits		152,297			145,751			140,401			142,475			141,558			6,546			10,739
Total equity		12,859			12,434			13,984			15,413			17,050			425			(4,191	)
Common Share Count
Weighted average basic		301,279			308,220			322,057			335,678			345,870			(6,941	)		(44,591	)		316,690			362,583			(45,892	)
Weighted average diluted		303,062			310,086			324,027			337,812			348,666			(7,024	)		(45,604	)		318,629			365,180			(46,550	)
Issued shares outstanding (period-end)		299,324			300,335			312,781			327,306			337,941			(1,011	)		(38,616	)
Per Common Share Data
Earnings per share (basic)	$	0.83		$	0.88		$	1.41		$	1.87		$	1.80		$	(0.05	)	$	(0.97	)	$	5.06		$	8.28		$	(3.22	)
Earnings per share (diluted)		0.83			0.88			1.40			1.86			1.79			(0.05	)		(0.96	)		5.03			8.22			(3.19	)
Adjusted earnings per share (1)		1.08			1.12			1.76			2.03			2.02			(0.04	)		(0.94	)		6.06			8.61			(2.56	)
Book value per share		35.20			33.66			37.28			39.99			43.58			1.53			(8.38	)
Tangible book value per share (5)		32.18			30.63			34.34			37.14			40.79			1.55			(8.61	)
Adjusted tangible book value per share (5)		29.96			28.39			32.16			35.04			38.73			1.57			(8.76	)
Select Financial Ratios
Net interest margin (as reported)		3.65	%		3.81	%		4.04	%		3.93	%		3.80	%								3.85	%		3.54	%
Net interest margin (ex. Core OID) (1)		3.68	%		3.83	%		4.06	%		3.95	%		3.82	%								3.88	%		3.56	%
Cost of funds		2.77	%		1.93	%		1.16	%		1.03	%		1.06	%								1.74	%		1.22	%
Cost of funds (ex. Core OID) (1)		2.73	%		1.89	%		1.12	%		0.99	%		1.03	%								1.71	%		1.19	%
Efficiency Ratio (6)		57.5	%		57.6	%		54.8	%		52.6	%		49.6	%								55.6	%		50.1	%
Adjusted efficiency ratio (6)		50.6	%		48.2	%		43.9	%		45.6	%		44.4	%								47.0	%		43.7	%
Return on average assets		0.5	%		0.6	%		1.0	%		1.4	%		1.4	%								0.9	%		1.7	%
Return on average total equity		7.9	%		8.2	%		12.4	%		15.5	%		14.5	%								11.2	%		18.5	%
Return on average tangible common equity		10.7	%		10.9	%		15.9	%		19.3	%		17.6	%								14.4	%		20.9	%
Core ROTCE (7)		17.6	%		17.2	%		23.2	%		23.6	%		22.1	%								20.5	%		24.3	%
Capital Ratios (8)
Common Equity Tier 1 (CET1) capital ratio		9.3	%		9.3	%		9.6	%		10.0	%		10.3	%
Tier 1 capital ratio		10.7	%		10.8	%		11.1	%		11.5	%		11.9	%
Total capital ratio		12.2	%		12.4	%		12.7	%		13.1	%		13.5	%
Tier 1 leverage ratio		8.6	%		8.8	%		9.1	%		9.4	%		9.7	%

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

(2) See page 25 and 26 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 and 26 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.

4Q 2022  Preliminary Results 4

ALLY FINANCIAL INC. CONSOLIDATED INCOME STATEMENT          

	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
($ in millions)	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	2,423		$	2,120		$	1,842		$	1,714		$	1,679		$	303		$	744		$	8,099		$	6,468		$	1,631
Interest on loans held-for-sale		13			10			4			4			4			3			9			31			18			13
Total interest and dividends on investment securities		220			206			195			183			162			14			58			804			579			225
Interest-bearing cash		31			16			5			2			2			15			29			54			15			39
Other earning assets		12			12			8			5			5			—			7			37			21			16
Operating leases		400			397			396			403			403			3			(3	)		1,596			1,550			46
Total financing revenue and other interest income		3,099			2,761			2,450			2,311			2,255			338			844			10,621			8,651			1,970
Interest expense
Interest on deposits		946			567			263			211			226			379			720			1,987			1,045			942
Interest on short-term borrowings		40			43			19			5			—			(3	)		40			107			1			106
Interest on long-term debt		200			194			184			185			189			6			11			763			860			(97	)
Interest on other		(1	)		—			1			—			—			(1	)		(1	)		—			8			(8	)
Total interest expense		1,185			804			467			401			415			381			770			2,857			1,914			943
Depreciation expense on operating lease assets		240			238			219			217			186			2			54			914			570			344
Net financing revenue (as reported)	$	1,674		$	1,719		$	1,764		$	1,693		$	1,654		$	(45	)	$	20		$	6,850		$	6,167		$	683
Other revenue
Insurance premiums and service revenue earned		302			289			280			280			280			13			22			1,151			1,117			34
Gain on mortgage and automotive loans, net		24			10			4			14			14			14			10			52			87			(35	)
Loss on extinguishment of debt		—			—			—			—			(10	)		—			10			—			(136	)		136
Other (loss) / gain on investments, net		53			(54	)		(124	)		5			73			107			(20	)		(120	)		285			(405	)
Other income, net of losses		148			52			152			143			188			96			(40	)		495			686			(191	)
Total other revenue		527			297			312			442			545			230			(18	)		1,578			2,039			(461	)
Total net revenue		2,201			2,016			2,076			2,135			2,199			185			2			8,428			8,206			222
Provision for loan losses		490			438			304			167			210			52			280			1,399			241			1,158
Noninterest expense
Compensation and benefits expense		503			467			437			493			413			36			90			1,900			1,643			257
Insurance losses and loss adjustment expenses		63			70			89			58			55			(7	)		8			280			261			19
Other operating expenses		700			624			612			571			622			76			78			2,507			2,206			301
Total noninterest expense		1,266			1,161			1,138			1,122			1,090			105			176			4,687			4,110			577
Pre-tax income from continuing operations	$	445		$	417		$	634		$	846		$	899		$	28		$	(454	)	$	2,342		$	3,855		$	(1,513	)
Income tax expense from continuing operations		167			117			152			191			241			50			(74	)		627			790			(163	)
Net income from continuing operations		278			300			482			655			658			(22	)		(380	)		1,715			3,065			(1,350	)
(Loss) from discontinued operations, net of tax		—			(1	)		—			—			(6	)		1			6			(1	)		(5	)		4
Net income	$	278		$	299		$	482		$	655		$	652		$	(21	)	$	(374	)	$	1,714		$	3,060		$	(1,346	)
Preferred Dividends		27			27			28			28			28			—			(1	)		110			57			53
Net Income Available to Common Shareholders	$	251		$	272		$	454		$	627		$	624		$	(21	)	$	(373	)	$	1,604		$	3,003		$	(1,399	)
Core Pre-Tax Income Walk
Net financing revenue (ex. OID) (1)	$	1,685		$	1,730		$	1,774		$	1,703		$	1,663		$	(45	)	$	22		$	6,892		$	6,205		$	687
Adjusted other revenue (1)		478			359			448			508			533			119			(55	)		1,793			2,177			(384	)
Provision for credit losses		490			438			304			167			113			52			377			1,399			144			1,255
Adjusted noninterest expense (1)		1,209			1,141			1,138			1,122			1,090			68			119			4,610			4,110			500
Core pre-tax income (2)	$	464		$	510		$	780		$	921		$	994		$	(46	)	$	(530	)	$	2,676		$	4,128		$	(1,452	)
Core OID		(11	)		(11	)		(10	)		(10	)		(9	)		0			(2	)		(42	)		(38	)		(4	)
Change in the fair value of equity securities (3)		49			(62	)		(136	)		(66	)		21			111			28			(215	)		(7	)		(208	)
Repositioning (3)		(57	)		(20	)		—			—			(107	)		(37	)		50			(77	)		(228	)		151
Pre-tax income from continuing operations	$	445		$	417		$	634		$	846		$	899		$	28		$	(454	)	$	2,342		$	3,855		$	(1,513	)

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

(2) Represents a non-GAAP financial measure. See page 25 and 26 for methodology and detail.

(3) See page 25 for methodology and detail.

4Q 2022  Preliminary Results 5

ALLY FINANCIAL INC. CONSOLIDATED PERIOD-END BALANCE SHEET          

($ in millions)	QUARTERLY TRENDS															CHANGE VS.
Assets	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21
Cash and cash equivalents
Noninterest-bearing	$	542		$	638		$	801		$	470		$	502		$	(96	)	$	40
Interest-bearing		5,029			4,366			3,366			3,462			4,560			663			469
Total cash and cash equivalents		5,571			5,004			4,167			3,932			5,062			567			509
Investment securities (1)		31,284			31,344			33,590			35,413			35,859			(60	)		(4,575	)
Loans held-for-sale, net		654			808			798			471			549			(154	)		105
Finance receivables and loans, net		135,748			132,456			128,457			125,365			122,268			3,292			13,480
Allowance for loan losses		(3,711	)		(3,611	)		(3,450	)		(3,301	)		(3,267	)		(100	)		(444	)
Total finance receivables and loans, net		132,037			128,845			125,007			122,064			119,001			3,192			13,036
Investment in operating leases, net		10,444			10,577			10,516			10,730			10,862			(133	)		(418	)
Premiums receivables and other insurance assets		2,698			2,719			2,743			2,730			2,724			(21	)		(26	)
Other assets		9,138			9,343			8,882			8,957			8,293			(205	)		845
Total assets	$	191,826		$	188,640		$	185,703		$	184,297		$	182,350		$	3,186		$	9,476
Liabilities
Deposit liabilities
Noninterest-bearing	$	185		$	220		$	185		$	175		$	150		$	(35	)	$	35
Interest-bearing		152,112			145,531			140,216			142,300			141,408			6,581			10,704
Total deposit liabilities		152,297			145,751			140,401			142,475			141,558			6,546			10,739
Short-term borrowings		2,399			7,200			7,775			3,950			—			(4,801	)		2,399
Long-term debt		17,762			16,628			16,984			15,885			17,029			1,134			733
Interest payable		408			484			270			302			210			(76	)		198
Unearned insurance premiums and service revenue		3,453			3,468			3,490			3,500			3,514			(15	)		(61	)
Accrued expense and other liabilities		2,648			2,675			2,799			2,772			2,989			(27	)		(341	)
Total liabilities	$	178,967		$	176,206		$	171,719		$	168,884		$	165,300		$	2,761		$	13,667
Equity
Common stock and paid-in capital (2)	$	14,978		$	14,994		$	15,390		$	15,956		$	16,483		$	(16	)	$	(1,505	)
Preferred stock		2,324			2,324			2,324			2,324			2,324			—			—
Accumulated deficit		(384	)		(544	)		(721	)		(1,076	)		(1,599	)		160			1,215
Accumulated other comprehensive income / (loss)		(4,059	)		(4,340	)		(3,009	)		(1,791	)		(158	)		281			(3,901	)
Total equity		12,859			12,434			13,984			15,413			17,050			425			(4,191	)
Total liabilities and equity	$	191,826		$	188,640		$	185,703		$	184,297		$	182,350		$	3,186		$	9,476

(1) Includes Held-to-maturity securities.

(2) Includes Treasury stock.

4Q 2022  Preliminary Results 6

ALLY FINANCIAL INC. CONSOLIDATED AVERAGE BALANCE SHEET ⁽¹⁾       

($ in millions)	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Assets	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Interest-bearing cash and cash equivalents	$	4,129		$	3,627		$	3,761		$	4,027		$	6,532		$	502		$	(2,403	)	$	3,886		$	12,855		$	(8,969	)
Investment securities and other earning assets		32,131			34,166			34,679			36,664			36,809			(2,035	)		(4,678	)		34,397			35,793			(1,396	)
Loans held-for-sale, net		722			748			420			570			461			(26	)		261			616			487			129
Total finance receivables and loans, net (2)		134,170			129,996			125,628			122,772			118,135			4,174			16,035			128,178			114,420			13,758
Investment in operating leases, net		10,546			10,588			10,615			10,878			10,951			(42	)		(405	)		10,656			10,518			138
Total interest earning assets		181,698			179,125			175,103			174,911			172,888			2,573			8,810			177,733			174,073			3,660
Noninterest-bearing cash and cash equivalents		395			503			343			422			505			(108	)		(110	)		416			514			(98	)
Other assets		11,082			10,338			10,510			9,825			9,568			744			1,514			10,442			9,098			1,344
Allowance for loan losses		(3,641	)		(3,494	)		(3,339	)		(3,279	)		(3,168	)		(147	)		(473	)		(3,439	)		(3,193	)		(246	)
Total assets	$	189,534		$	186,472		$	182,617		$	181,879		$	179,793		$	3,062		$	9,741		$	185,152		$	180,492		$	4,660
Liabilities
Interest-bearing deposit liabilities
Retail deposit liabilities	$	135,340		$	131,868		$	132,111		$	135,046		$	132,706		$	3,472		$	2,634		$	133,587		$	129,427		$	4,160
Other interest-bearing deposit liabilities (3)		12,933			10,717			7,522			6,340			7,172			2,216			5,761			9,400			9,520			(120	)
Total Interest-bearing deposit liabilities		148,273			142,586			139,633			141,387			139,878			5,687			8,395			142,987			138,947			4,040
Short-term borrowings		4,169			6,266			5,695			980			—			(2,097	)		4,169			4,292			201			4,091
Long-term debt (4)		17,282			16,798			16,231			16,410			15,493			484			1,789			16,683			17,620			(937	)
Total interest-bearing liabilities (4)		169,724			165,650			161,559			158,777			155,371			4,074			14,353			163,962			156,768			7,194
Noninterest-bearing deposit liabilities		212			207			181			171			165			5			47			193			157			36
Other liabilities		6,809			6,435			6,408			6,772			6,731			374			78			6,606			6,855			(249	)
Total liabilities	$	176,745		$	172,292		$	168,148		$	165,720		$	162,267		$	4,453		$	14,478		$	170,761		$	163,780		$	6,981
Equity
Total equity	$	12,789		$	14,180		$	14,469		$	16,159		$	17,526		$	(1,391	)	$	(4,737	)	$	14,391		$	16,712		$	(2,321	)
Total liabilities and equity	$	189,534		$	186,472		$	182,617		$	181,879		$	179,793		$	3,062		$	9,741		$	185,152		$	180,492		$	4,660

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

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

(3) Includes brokered (inclusive of sweep deposits) and other deposits (inclusive of mortgage escrow, and other deposits).

(4) Includes average Core OID balance of $847 million in 4Q 2022, $858 million in 3Q 2022, $868 million in 2Q 2022, $878 million in 1Q 2022, and $889 million in 4Q 2021.

4Q 2022  Preliminary Results 7

ALLY FINANCIAL INC. SEGMENT HIGHLIGHTS       

($ in millions)
	QUARTERLY TRENDS														CHANGE VS.						FULL YEAR
Pre-tax Income / (Loss)	4Q 22			3Q 22			2Q 22			1Q 22		4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Automotive Finance	$	437		$	488		$	600		$	725	$	839		$	(51	)	$	(402	)	$	2,250		$	3,384		$	(1,134	)
Insurance		101			(30	)		(122	)		13		91			131			10			(38	)		343			(381	)
Dealer Financial Services		538			458			478			738		930			80			(392	)		2,212			3,727			(1,515	)
Corporate Finance		67			91			60			64		73			(24	)		(6	)		282			282			—
Mortgage Finance		19			19			6			11		3			—			16			55			32			23
Corporate and Other (1)		(179	)		(151	)		90			33		(107	)		(28	)		(72	)		(207	)		(186	)		(21	)
Pre-tax income from continuing operations	$	445		$	417		$	634		$	846	$	899		$	28		$	(454	)	$	2,342		$	3,855		$	(1,513	)
Core OID (2)		11			11			10			10		9			0			2			42			38			4
Change in the fair value of equity securities (3)		(49	)		62			136			66		(21	)		(111	)		(28	)		215			7			208
Repositioning (4)		57			20			—			—		107			37			(50	)		77			228			(151	)
Core pre-tax income (4)	$	464		$	510		$	780		$	921	$	994		$	(46	)	$	(530	)	$	2,676		$	4,128		$	(1,452	)

(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 and 26 for methodology and detail.

(4) Represents a non-GAAP measure. See page 25 and 26 for methodology and detail.

4Q 2022  Preliminary Results 8

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - CONDENSED FINANCIAL STATEMENTS       

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022		FY 2021		CHANGE
Net financing revenue
Consumer	$	1,555		$	1,461		$	1,362		$	1,302		$	1,339		$	94		$	216		$	5,680	$	5,198	$	482
Commercial		252			189			142			129			116			63			136			712		514		198
Loans held-for-sale		2			—			—			—			—			2			2			2		—		2
Operating leases		400			397			396			403			403			3			(3	)		1,596		1,550		46
Total financing revenue and other interest income		2,209			2,047			1,900			1,834			1,858			162			351			7,990		7,262		728
Interest expense		644			506			380			322			331			138			313			1,852		1,483		369
Depreciation expense on operating lease assets:
Depreciation expense on operating lease assets (ex. remarketing)		271			277			269			266			251			(6	)		20			1,083		914		169
Remarketing gains		31			39			50			50			65			(8	)		-(35	)		170		344		(174	)
Total depreciation expense on operating lease assets		240			238			219			217			186			2			54			914		570		344
Net financing revenue		1,325			1,303			1,301			1,295			1,341			22			(16	)		5,224		5,209		15
Other revenue
Total other revenue		92			74			72			68			67			18			25			306		251		55
Total net revenue		1,417			1,377			1,373			1,363			1,408			40			9			5,530		5,460		70
Provision for credit losses		376			328			228			104			45			48			331			1,036		53		983
Noninterest expense
Compensation and benefits		154			155			152			168			146			(1	)		8			629		571		58
Other operating expenses		450			406			393			366			378			44			72			1,615		1,452		163
Total noninterest expense		604			561			545			534			524			43			80			2,244		2,023		221
Pre-tax Income	$	437		$	488		$	600		$	725		$	839		$	(51	)	$	(402	)	$	2,250	$	3,384	$	(1,134	)
Memo: Net lease revenue
Operating lease revenue	$	400		$	397		$	396		$	403		$	403		$	3		$	(3	)	$	1,596	$	1,550	$	46
Depreciation expense on operating lease assets (ex. remarketing)		271			277			269			266			251			(6	)		20			1,083		914		169
Remarketing gains, net of repo valuation		31			39			50			50			65			(8	)		(35	)		170		344		(174	)
Total depreciation expense on operating lease assets		240			238			219			217			186			2			54			914		570		344
Net lease revenue	$	160		$	159		$	177		$	186		$	217		$	1		$	(57	)	$	682	$	980	$	(298	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	—		$	—		$	23		$	24		$	23		$	—		$	(23	)
Loans held-for-sale, net		6			6			—			—			—			—			6
Consumer loans		83,903			84,116			82,191			79,262			78,289			(213	)		5,614
Commercial loans		18,784			16,163			16,109			17,295			16,074			2,621			2,710
Allowance for loan losses		(3,053	)		(3,024	)		(2,914	)		(2,794	)		(2,802	)		(29	)		(251	)
Total finance receivables and loans, net		99,634			97,255			95,386			93,763			91,561			2,379			8,073
Investment in operating leases, net		10,444			10,577			10,516			10,730			10,862			(133	)		(418	)
Other assets		1,379			1,276			1,253			1,237			1,207			103			172
Total assets	$	111,463		$	109,114		$	107,178		$	105,754		$	103,653		$	2,349		$	7,810

4Q 2022  Preliminary Results 9

ALLY FINANCIAL INC. AUTOMOTIVE FINANCE - KEY STATISTICS       

	QUARTERLY TRENDS										CHANGE VS.						FULL YEAR
	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22			4Q 21			FY 2022		FY 2021		CHANGE
U.S. Consumer Originations (1) ($ in billions)
Retail standard - new vehicle GM	$	1.2	$	1.2	$	1.1	$	0.9	$	0.8	$	—		$	0.4		$	4.4	$	3.9	$	0.4
Retail standard - new vehicle Stellantis		0.7		0.9		0.9		1.0		1.0		(0.2	)		(0.3	)		3.6		4.2		(0.7	)
Retail standard - new vehicle Growth		1.0		1.2		1.2		1.0		1.0		(0.2	)		—			4.4		4.8		(0.4	)
Used vehicle		5.5		7.9		9.1		7.6		7.0		(2.3	)		(1.4	)		30.1		27.7		2.4
Lease		0.7		1.1		0.9		1.0		0.9		(0.4	)		(0.2	)		3.7		5.4		(1.7	)
Retail subvented		0.0		0.0		0.0		0.1		0.1		0.0			0.0			0.2		0.2		0.0
Total originations	$	9.2	$	12.3	$	13.3	$	11.6	$	10.9	$	(3.1	)	$	(1.7	)	$	46.4	$	46.3	$	0.1
U.S. Consumer Originations - FICO Score
Super prime (760-999)	$	1.8	$	2.1	$	2.0	$	1.8	$	1.6	$	(0.3	)	$	0.2		$	7.6	$	7.3	$	0.4
High prime (720-759)		1.3		1.6		1.7		1.4		1.3		(0.3	)		(0.1	)		5.9		5.7		0.2
Prime (660-719)		2.8		4.0		4.3		3.7		3.5		(1.2	)		(0.7	)		14.9		15.2		(0.2	)
Prime/Near (620-659)		1.8		2.6		3.0		2.8		2.6		(0.8	)		(0.8	)		10.2		11.1		(0.8	)
Non-Prime (540-619)		0.6		0.9		1.2		0.9		1.0		(0.4	)		(0.4	)		3.5		3.8		(0.3	)
Sub-Prime (0-539)		0.1		0.2		0.2		0.1		0.1		(0.1	)		—			0.6		0.5		0.1
No FICO (Primarily CSG) (2)		0.9		0.9		0.9		0.9		0.7		—			0.2			3.5		2.7		0.8
Total originations	$	9.2	$	12.3	$	13.3	$	11.6	$	10.9	$	(3.1	)	$	(1.7	)	$	46.4	$	46.3	$	0.1
U.S. Consumer Retail Originations - Average FICO
New vehicle		707		699		698		697		697		8			10			700		693		6
Used vehicle		693		684		682		682		679		9			14			684		679		5
Total retail originations		697		688		685		686		684		9			14			688		683		5
U.S. Market
Light vehicle sales (SAAR - units in millions)		14.2		13.4		13.3		14.1		13.0		0.9			1.2			13.8		15.0		(1.2	)
Light vehicle sales (quarterly - units in millions)		3.5		3.4		3.5		3.3		3.2		0.2			0.3			13.7		14.9		(1.2	)
Dealer Engagement
Total Active Dealers (3)		23,290		22,923		22,408		21,688		21,076		367			2,214			23,290		21,076		2,214
Total Application Volume (000s)		2,866		3,149		3,296		3,169		2,933		(284	)		(67	)		12,480		13,006		(526	)
Ally U.S. Commercial Outstandings EOP ($ in billions)
Floorplan outstandings	$	13.0	$	10.8	$	11.0	$	12.4	$	11.1	$	2.2		$	1.9
Dealer loans and other		5.7		5.3		5.1		4.9		4.9		0.4			0.8
Total Commercial outstandings	$	18.8	$	16.2	$	16.1	$	17.3	$	16.1	$	2.6		$	2.7
U.S. Off-Lease Remarketing
Off-lease vehicles terminated - on-balance sheet (# in units)		20,919		29,562		29,665		30,488		27,977		(8,643	)		(7,058	)		110,634		127,708		(17,074	)
Average gain / (loss) per vehicle	$	1,476	$	1,325	$	1,671	$	1,640	$	2,339	$	151		$	(863	)	$	1,533	$	2,693	$	(1,160	)
Total gain ($ in millions)	$	31	$	39	$	50	$	50	$	65	$	(8	)		(35	)	$	170	$	344	$	(174	)

(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 4Q22.

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

4Q 2022  Preliminary Results 10

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

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement (GAAP View)	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Net financing revenue
Total interest and fees on finance receivables and loans(1)	$	2		$	2		$	2		$	3		$	4		$	—		$	(2	)	$	9		$	14		$	(5	)
Interest and dividends on investment securities		32			28			29			26			26			4			6			115			102			13
Interest bearing cash		1			1			—			—			—			—			1			2			1			1
Total financing revenue and other interest revenue		35			31			31			29			30			4			5			126			117			9
Interest expense		7			7			11			12			15			—			(8	)		37			58			(21	)
Net financing revenue		28			24			20			17			15			4			13			89			59			30
Other revenue
Insurance premiums and service revenue earned		302			289			280			280			280			13			22			1,151			1,117			34
Other (loss) / gain on investments, net		54			(56	)		(127	)		(14	)		56			110			(2	)		(143	)		216			(359	)
Other income, net of losses		3			3			5			4			3			—			—			15			12			3
Total other revenue		359			236			158			270			339			123			20			1,023			1,345			(322	)
Total net revenue		387			260			178			287			354			127			33			1,112			1,404			(292	)
Noninterest expense
Compensation and benefits expense		23			26			24			28			23			(3	)		—			101			92			9
Insurance losses and loss adjustment expenses		63			70			89			58			55			(7	)		8			280			261			19
Other operating expenses		200			194			187			188			185			6			15			769			708			61
Total noninterest expense		286			290			300			274			263			(4	)		23			1,150			1,061			89
Pre-tax (loss) income	$	101		$	(30	)	$	(122	)	$	13		$	91		$	131		$	10		$	(38	)	$	343		$	(381	)
Memo: Income Statement (Managerial View)
Insurance premiums and other income
Insurance premiums and service revenue earned	$	302		$	289		$	280		$	280		$	280		$	13		$	22		$	1,151		$	1,117		$	34
Investment income (adjusted) (2)		33			30			29			64			47			3			(14	)		156			285			(129	)
Other income		3			3			5			4			3			—			—			15			12			3
Total insurance premiums and other income		338			322			314			348			330			16			8			1,322			1,414			(92	)
Expense
Insurance losses and loss adjustment expenses		63			70			89			58			55			(7	)		8			280			261			19
Acquisition and underwriting expenses
Compensation and benefit expense		23			26			24			28			23			(3	)		—			101			92			9
Insurance commission expense		158			152			151			149			147			6			12			611			563			48
Other expense		42			42			36			39			38			0			3			158			145			13
Total acquistion and underwriting expense		223			220			211			216			208			3			15			870			800			70
Total expense		286			290			300			274			263			(4	)		23			1,150			1,061			89
Core pre-tax income (2)		52			32			14			74			67			20			(15	)		172			353			(181	)
Change in the fair value of equity securities (2)		49			(62	)		(136	)		(61	)		24			111			25			(210	)		(10	)		(200	)
(Loss) income before income tax expense	$	101		$	(30	)	$	(122	)	$	13		$	91		$	131		$	10		$	(38	)	$	343		$	(381	)
Balance Sheet (Period-End)
Cash and investment securities	$	5,252		$	5,161		$	5,407		$	5,651		$	5,530		$	91		$	(278	)
Intercompany loans(1)		417			390			411			572			923			27			(506	)
Premiums receivable and other insurance assets		2,712			2,731			2,755			2,741			2,735			(19	)		(23	)
Other assets		278			251			246			256			193			27			85
Total assets	$	8,659		$	8,533		$	8,819		$	9,220		$	9,381		$	126		$	(722	)
Key Statistics
Total written premiums and revenue (3)	$	285		$	291		$	262		$	265		$	268		$	(6	)	$	17		$	1,103		$	1,197		$	(94	)
Loss ratio (4)		20.6	%		23.9	%		31.2	%		20.5	%		19.5	%								24.0	%		23.1	%
Underwriting expense ratio (5)		73.0	%		74.8	%		74.8	%		76.0	%		73.4	%								74.6	%		70.7	%
Combined ratio		93.6	%		98.7	%		106.0	%		96.5	%		92.9	%								98.6	%		93.9	%

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

(2) Represents a non-GAAP financial measure. See page 25 and 26 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.

4Q 2022  Preliminary Results 11

ALLY FINANCIAL INC. MORTGAGE FINANCE - CONDENSED FINANCIAL STATEMENTS       

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022		FY 2021			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	155		$	151		$	139		$	130		$	119		$	4		$	36		$	575	$	407		$	168
Interest expense		100			94			83			77			77			6			23			354		283			71
Net financing revenue		55			57			56			53			42			(2	)		13			221		124			97
Gain on mortgage loans, net		1			7			4			14			14			(6	)		(13	)		26		87			(61	)
Other income, net of losses		1			—			—			—			(1	)		1			2			1		7			(6	)
Total other revenue		2			7			4			14			13			(5	)		(11	)		27		94			(67	)
Total net revenue		57			64			60			67			55			(7	)		2			248		218			30
Provision for loan losses		1			2			—			—			1			(1	)		—			3		(1	)		4
Noninterest expense
Compensation and benefits expense		6			5			6			6			6			1			—			23		22			1
Other operating expense		31			38			48			50			45			(7	)		(14	)		167		165			2
Total noninterest expense		37			43			54			56			51			(6	)		(14	)		190		187			3
Pre-tax Income	$	19		$	19		$	6		$	11		$	3		$	—		$	16		$	55	$	32		$	23
Balance Sheet (Period-End)
Finance receivables and loans, net:
Consumer loans	$	19,445		$	19,715		$	18,923		$	18,372		$	17,644		$	(270	)	$	1,801
Allowance for loan losses		(22	)		(21	)		(20	)		(19	)		(19	)		(1	)		(3	)
Total finance receivables and loans, net		19,423			19,694			18,903			18,353			17,625			(271	)		1,798
Loans held for sale, net		13			44			81			95			80			(31	)		(67	)
Other assets		93			124			142			148			142			(31	)		(49	)
Total assets	$	19,529		$	19,862		$	19,126		$	18,596		$	17,847		$	(333	)	$	1,682

4Q 2022  Preliminary Results 12

ALLY FINANCIAL INC. CORPORATE FINANCE - CONDENSED FINANCIAL STATEMENTS       

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022		FY 2021			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	199		$	148		$	104		$	95		$	93		$	51		$	106		$	546	$	345		$	201
Interest expense		105			68			27			12			10			37			95			212		37			175
Net financing revenue		94			80			77			83			83			14			11			334		308			26
Total other revenue		25			54			19			24			53			(29	)		(28	)		122		128			(6	)
Total net revenue		119			134			96			107			136			(15	)		(17	)		456		436			20
Provision for loan losses		16			13			8			6			33			3			(17	)		43		38			5
Noninterest expense
Compensation and benefits expense		20			17			15			23			18			3			2			75		70			5
Other operating expense		16			13			13			14			12			3			4			56		46			10
Total noninterest expense		36			30			28			37			30			6			6			131		116			15
Pre-tax Income	$	67		$	91		$	60		$	64		$	73		$	(24	)	$	(6	)	$	282	$	282		$	—
Change in the fair value of equity securities (1)		0			0			0			4			2			—			(1	)		4		(4	)		8
Core pre-tax income (2)	$	67		$	91		$	60		$	68		$	75		$	(24	)	$	(7	)	$	286	$	278		$	8
Balance Sheet (Period-End)
Equity securities	$	6		$	6		$	3		$	3		$	11		$	—		$	(5	)
Loans held for sale, net		445			544			517			190			305			(99	)		140
Commercial loans		10,147			9,355			8,475			8,021			7,770			792			2,377
Allowance for loan losses		(202	)		(186	)		(203	)		(221	)		(215	)		(16	)		13
Total finance receivables and loans, net		9,945			9,169			8,272			7,800			7,555			776			2,390
Other assets		148			121			98			93			79			27			69
Total assets	$	10,544		$	9,840		$	8,890		$	8,086		$	7,950		$	704		$	2,594

(1)  See page 25 and 26 for methodology and detail.

(2)  Represents a non-GAAP financial measure. See page 25 and 26 for methodology and detail.

4Q 2022  Preliminary Results 13

ALLY FINANCIAL INC. CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS       

($ in millions)	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Income Statement	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Net financing revenue
Total financing revenue and other interest income	$	501		$	384		$	276		$	223		$	155		$	117		$	346		$	1,384		$	520		$	864
Interest expense		329			129			(34	)		(22	)		(18	)		200			347			402			53			349
Net financing revenue		172			255			310			245			173			(83	)		(1	)		982			467			515
Other revenue
Loss on extinguishment of debt		—			—			—			—			(10	)		—			10			—			(136	)		136
Other gain on investments, net		—			2			2			18			17			(2	)		(17	)		22			64			(42	)
Other income, net of losses (1)		49			(76	)		57			48			66			125			(17	)		78			293			(215	)
Total other revenue		49			(74	)		59			66			73			123			(24	)		100			221			(121	)
Total net revenue		221			181			369			311			246			40			(25	)		1,082			688			394
Provision for loan losses		97			95			68			57			131			2			(34	)		317			151			166
Noninterest expense
Compensation and benefits expense		300			264			240			268			220			36			80			1,072			888			184
Other operating expense (2)		3			(27	)		(29	)		(47	)		2			30			1			(100	)		(165	)		65
Total noninterest expense		303			237			211			221			222			66			81			972			723			249
Pre-tax (loss) income	$	(179	)	$	(151	)	$	90		$	33		$	(107	)	$	(28	)	$	(72	)	$	(207	)	$	(186	)	$	(21	)
Change in the fair value of equity securities (3)		—			—			—			—			1			—			(1	)		1			1			—
Core OID (4)		11			11			10			10			9			—			2			42			38			4
Repositioning (3)		57			20			—			—			107			37			(50	)		77			228			(151	)
Core pre-tax (loss) income (4)	$	(111	)	$	(120	)	$	101		$	43		$	10		$	9		$	(121	)	$	(87	)	$	81		$	(168	)
Balance Sheet (Period-End)
Cash, trading and investment securities	$	31,597		$	31,181		$	32,324		$	33,667		$	35,357		$	416		$	(3,760	)
Loans held-for-sale, net		190			214			200			186			164			(24	)		26
Consumer loans		3,262			2,889			2,569			2,235			2,293			373			969
Commercial loans		207			218			190			180			198			(11	)		9
Intercompany loans (5)		(417	)		(390	)		(411	)		(572	)		(923	)		(27	)		506
Allowance for loan losses		(434	)		(380	)		(313	)		(267	)		(231	)		(54	)		(203	)
Total finance receivables and loans, net		2,618			2,337			2,035			1,576			1,337			281			1,281
Other assets		7,226			7,559			7,131			7,212			6,661			(333	)		565
Total assets	$	41,631		$	41,291		$	41,690		$	42,641		$	43,519		$	340		$	(1,888	)
Core OID Amortization Schedule (4)		2023			2024			2025			2026			2027 & After
Remaining Core OID amortization expense	$	48		$	56		$	66		$	77			Avg = $119/yr

(1) Includes the impact of centralized asset and liability management, corporate overhead allocation activities, 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 $350 million for 4Q22, $321 million for 3Q22, $307 million for 2Q22, $311 million for 1Q22, and $294 million for 4Q21. The receiving business segment records the allocation of corporate overhead expense within other operating expenses.

(3) See page 25 and 26 for methodology and detail.

(4) Represents a non-GAAP financial measure. See page 25 and 26 for methodology and detail.

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

(6) Forecast values reflect the completion of a three-part exercise to retire a total of $2.6B trust preferred securities.

4Q 2022  Preliminary Results 14

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION       

($ in millions)
	QUARTERLY TRENDS															CHANGE VS.				FULL YEAR
Asset Quality - Consolidated (1)	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22		4Q 21		FY 2022			FY 2021			CHANGE
Ending loan balance	$	135,745		$	132,450		$	128,450		$	125,358		$	122,261		$	3,295	$	13,484
30+ Accruing DPD	$	3,128		$	2,608		$	2,198		$	1,684		$	1,793		$	520	$	1,335
30+ Accruing DPD %		2.30	%		1.97	%		1.71	%		1.34	%		1.47	%
60+ Accruing DPD	$	779		$	609		$	491		$	380		$	401		$	170	$	378
60+ Accruing DPD %		0.57	%		0.46	%		0.38	%		0.30	%		0.33	%
Non-performing loans (NPLs)	$	1,454		$	1,383		$	1,380		$	1,388		$	1,436		$	71	$	18
Net charge-offs (NCOs)	$	390		$	276		$	153		$	133		$	103		$	114	$	287	$	952		$	269		$	683
Net charge-off rate (2)		1.16	%		0.85	%		0.49	%		0.43	%		0.35	%						0.74	%		0.23	%
Provision for loan losses (3)	$	490		$	438		$	304		$	167		$	210		$	52	$	280	$	1,399		$	241		$	1,158
Allowance for loan losses (ALLL)	$	3,711		$	3,611		$	3,450		$	3,301		$	3,267		$	100	$	444
ALLL as % of Loans (3) (4)		2.72	%		2.71	%		2.68	%		2.63	%		2.67	%
ALLL as % of NPLs (3)		255	%		261	%		250	%		238	%		227	%
ALLL as % of NCOs (3)		238	%		327	%		561	%		n/m			n/m
US Auto Delinquencies - HFI Retail Contract $‘s
30+ Delinquent contract $	$	2,962		$	2,442		$	2,061		$	1,594		$	1,677		$	520	$	1,285
% of retail contract $outstanding		3.56	%		2.93	%		2.52	%		2.02	%		2.14	%
60+ Delinquent contract $	$	738		$	577		$	470		$	362		$	378		$	161	$	360
% of retail contract $outstanding		0.89	%		0.69	%		0.57	%		0.46	%		0.48	%
U.S. Auto Annualized Net Charge-Offs - HFI Retail Contract $‘s
Net charge-offs	$	347		$	217		$	108		$	113		$	94		$	130	$	253	$	785		$	237		$	548
% of avg. HFI assets (2)		1.66	%		1.05	%		0.54	%		0.58	%		0.48	%						0.97	%		0.31	%
U.S. Auto Annualized Net Charge-Offs - HFI Commercial Contract $‘s
Net charge-offs	$	(0	)	$	(0	)	$	(1	)	$	(1	)	$	—		$	—	$	—	$	(2	)	$	—		$	(2	)
% 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 ($617M) of fair value adjustment for loans in hedge accounting relationships in 4Q22, ($658M) in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22 and ($37M) in 4Q21.

4Q 2022  Preliminary Results 15

ALLY FINANCIAL INC. CREDIT RELATED INFORMATION, CONTINUED       

($ in millions)
Automotive Finance (1)	QUARTERLY TRENDS										CHANGE VS.
Consumer	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22		4Q 21
Allowance for loan losses	$	3,020	$	2,993	$	2,885	$	2,763	$	2,769	$	27	$	251
Total consumer loans (2)	$	83,286	$	83,459	$	81,691	$	78,911	$	78,252	$	(173)	$	5,034
Coverage ratio (3)		3.60%		3.56%		3.51%		3.49%		3.54%
Commercial
Allowance for loan losses	$	33	$	30	$	30	$	31	$	33	$	2	$	—
Total commercial loans	$	18,784	$	16,163	$	16,108	$	17,295	$	16,074	$	2,621	$	2,710
Coverage ratio		0.18%		0.19%		0.18%		0.18%		0.21%
Mortgage (1)
Consumer
Mortgage Finance
Allowance for loan losses	$	22	$	21	$	20	$	19	$	19	$	1	$	3
Total consumer loans	$	19,445	$	19,715	$	18,923	$	18,372	$	17,644	$	(270)	$	1,801
Coverage ratio		0.11%		0.11%		0.11%		0.10%		0.11%
Mortgage-Legacy
Allowance for loan losses	$	5	$	6	$	6	$	7	$	8	$	(1)	$	(3)
Total consumer loans	$	290	$	306	$	322	$	341	$	368	$	(16)	$	(78)
Coverage ratio		1.78%		1.86%		1.92%		2.03%		2.05%
Total Mortgage
Allowance for loan losses	$	27	$	27	$	26	$	26	$	27	$	—	$	—
Total consumer loans	$	19,735	$	20,021	$	19,245	$	18,713	$	18,012	$	(286)	$	1,723
Coverage ratio		0.14%		0.13%		0.14%		0.14%		0.15%
Consumer Other - Ally Lending (1) (4)
Allowance for loan losses	$	194	$	167	$	141	$	124	$	102	$	27	$	92
Total consumer loans	$	1,987	$	1,807	$	1,516	$	1,202	$	1,002	$	180	$	985
Coverage ratio		9.77%		9.22%		9.32%		10.32%		10.20%
Consumer Other - Ally Credit Card (1) (5)
Allowance for loan losses	$	232	$	205	$	162	$	134		119	$	27	$	113
Total consumer loans	$	1,599	$	1,427	$	1,224	$	1,036		953	$	172	$	646
Coverage ratio		14.51%		14.40%		13.25%		12.90%		12.44%
Corporate Finance (1)
Allowance for loan losses	$	202	$	186	$	203	$	221	$	215	$	16	$	(13)
Total commercial loans	$	10,147	$	9,354	$	8,476	$	8,021	$	7,770	$	793	$	2,377
Coverage ratio		1.99%		1.99%		2.40%		2.76%		2.77%
Corporate and Other (1)
Allowance for loan losses	$	3	$	3	$	3	$	2	$	2	$	—	$	1
Total commercial loans	$	207	$	219	$	190	$	180	$	198	$	(12)	$	9
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 ($617M) of fair value adjustment for loans in hedge accounting relationships in 4Q22, ($658M) in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22 and ($37M) in 4Q21.

(3) Excludes ($617M) of fair value adjustment for loans in hedge accounting relationships in 4Q22, ($658M) in 3Q22, ($501M) in 2Q22, ($350M) in 1Q22 and ($37M) in 4Q21.

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

(5) Credit card lending portfolio.

4Q 2022  Preliminary Results 16

ALLY FINANCIAL INC. CAPITAL       

($ in billions)	QUARTERLY TRENDS										CHANGE VS.
Capital	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22		4Q 21
Risk-weighted assets	$	157.3	$	155.2	$	152.3	$	149.0	$	146.4	$	2.1	$	10.9
Common Equity Tier 1 (CET1) capital ratio		9.3%		9.3%		9.6%		10.0%		10.3%
Tier 1 capital ratio		10.7%		10.8%		11.1%		11.5%		11.9%
Total capital ratio		12.2%		12.4%		12.7%		13.1%		13.5%
Tangible common equity / Tangible assets (1)(2)		5.0%		4.9%		5.8%		6.6%		7.6%
Tangible common equity / Risk-weighted assets (1)		6.1%		5.9%		7.1%		8.2%		9.4%
Shareholders’ equity	$	12.9	$	12.4	$	14.0	$	15.4	$	17.1	$	0.5	$	(4.2	)
add:   CECL phase-in adjustment		0.9		0.9		0.9		0.9		1.2		—		(0.3)
less:   Certain AOCI items and other adjustments		3.2		3.4		2.1		0.9		(0.8)		(0.2)		4.0
Preferred equity		(2.3)		(2.3)		(2.3)		(2.3)		(2.3)		—		—
Common Equity Tier 1 capital	$	14.6	$	14.4	$	14.7	$	14.8	$	15.1	$	0.2	$	(0.5	)
Common Equity Tier 1 capital	$	14.6	$	14.4	$	14.7	$	14.8	$	15.1	$	0.2	$	(0.5	)
add:   Preferred equity		2.3		2.3		2.3		2.3		2.3		—		—
less:   Other adjustments		—		—		—		—		(0.1)		—		0.1
Tier 1 capital	$	16.9	$	16.7	$	16.9	$	17.1	$	17.4	$	0.2	$	(0.5	)
Tier 1 capital	$	16.9	$	16.7	$	16.9	$	17.1	$	17.4	$	0.2	$	(0.5	)
add:   Qualifying subordinated debt		0.4		0.6		0.6		0.6		0.6		(0.2)		(0.2	)
Allowance for loan and lease losses includible in Tier 2 capital and other adjustments		1.9		1.9		1.9		1.8		1.7		—		0.2
Total capital	$	19.2	$	19.2	$	19.4	$	19.6	$	19.7	$	—	$	(0.5	)
Total shareholders’ equity	$	12.9	$	12.4	$	14.0	$	15.4	$	17.1	$	0.5	$	(4.2	)
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)		(0.9)		—		—
Tangible common equity (1)	$	9.6	$	9.2	$	10.7	$	12.2	$	13.8	$	0.4	$	(4.2	)
Total assets	$	191.8	$	188.6	$	185.7	$	184.3	$	182.1	$	3.2	$	9.7
less:   Goodwill and intangible assets, net of deferred tax liabilities		(0.9)		(0.9)		(0.9)		(0.9)		(0.9)		—		—
Tangible assets (2)	$	190.9	$	187.7	$	184.8	$	183.4	$	181.2	$	3.2	$	9.7

Note: Numbers may not foot due to rounding

(1) Represents a non-GAAP financial measure. See page 25 and 26 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.

4Q 2022  Preliminary Results 17

ALLY FINANCIAL INC. LIQUIDITY AND DEPOSITS       

	QUARTERLY TRENDS										CHANGE VS.
Consolidated Available Liquidity ($ in billions)	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22			4Q 21
Liquid cash and cash equivalents (1)	$	5.1	$	4.6	$	3.7	$	3.6	$	4.4	$	0.5		$	0.7
Highly liquid securities (2)		22.2		22.7		24.6		25.9		26.8		(0.5	)		(4.6	)
Total current available liquidity	$	27.3	$	27.3	$	28.3	$	29.5	$	31.2	$	—		$	(3.9	)
Unsecured Long-Term Debt Maturity  Profile	2023		2024		2025		2026		2027		2028 & After
Consolidated remaining maturities (3)	$	2.0	$	1.5	$	2.3	$	—	$	1.5	$	3.2
Ally Bank Deposits
Key Deposit Statistics
Average retail CD maturity (months)		19.4		21.3		20.7		20.5		20.3		(1.9	)		(0.9	)
Average retail deposit rate		2.45%		1.50%		0.71%		0.59%		0.61%
End of Period Deposit Levels ($ in millions)
Retail	$	137,684	$	133,878	$	131,155	$	135,978	$	134,672	$	3,806		$	3,012
Brokered & other		14,613		11,873		9,247		6,497		6,886		2,740			7,726
Total deposits	$	152,297	$	145,751	$	140,402	$	142,475	$	141,558	$	6,546		$	10,739
Deposit Mix
Retail CD		20%		20%		23%		24%		26%
MMA/OSA/Checking		71%		72%		71%		72%		70%
Brokered		9%		8%		6%		4%		4%

(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 12/31/2022. Reflects notional value of outstanding bond. Excludes total GAAP OID and capitalized transaction costs.

4Q 2022  Preliminary Results 18

ALLY FINANCIAL INC. NET INTEREST MARGIN       

($ in millions)	QUARTERLY TRENDS										CHANGE VS.				FULL YEAR
Average Balance Details	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22		4Q 21		FY 2022		FY 2021		CHANGE
Retail Auto Loans	$	83,781	$	82,362	$	79,695	$	78,224	$	77,979	$	1,419	$	5,802	$	81,035	$	75,689	$	5,346
Auto Lease (net of dep)		10,546		10,588		10,615		10,878		10,951		(42)		(405)		10,656		10,518		138
Dealer Floorplan		11,822		10,886		11,372		11,594		9,539		936		2,283		11,418		11,183		235
Other Dealer Loans		5,462		5,059		4,839		4,810		4,829		403		633		5,044		5,273		(229)
Corporate Finance		10,181		9,291		8,351		8,045		7,147		890		3,034		8,974		6,653		2,321
Mortgage(1)		19,876		19,762		18,980		18,228		17,533		114		2,343		19,218		15,046		4,172
Consumer Other - Ally Lending(2)		1,904		1,672		1,346		1,100		923		232		981		1,508		660		848
Consumer Other - Ally Credit Card (3)		1,486		1,300		1,093		981		309		186		1,177		1,216		78		1,138
Cash and Cash Equivalents		4,129		3,627		3,761		4,027		6,532		502		(2,403)		3,886		12,855		(8,969)
Investment Securities and Other		32,513		34,578		35,050		37,025		37,146		(2,065)		(4,633)		34,778		36,118		(1,340)
Total Earning Assets	$	181,698	$	179,125	$	175,103	$	174,911	$	172,888	$	2,573	$	8,810	$	177,733	$	174,073	$	3,660
Interest Revenue		2,859		2,523		2,231		2,094		2,069		336		790		9,707		8,081		1,626
Unsecured Debt (ex. Core OID balance) (4) (7)	$	10,447	$	10,046	$	9,674	$	9,976	$	10,061	$	401	$	386	$	10,037	$	11,113	$	(1,076)
Secured Debt		1,917		1,374		1,154		1,089		1,331		543		586		1,386		2,346		(960)
Deposits (5)		148,485		142,793		139,814		141,557		140,043		5,692		8,442		143,180		139,104		4,076
Other Borrowings		9,934		12,502		11,966		7,203		4,990		(2,568)		4,944		10,414		5,313		5,101
Total Funding Sources (ex. Core OID balance) (4)	$	170,783	$	166,715	$	162,608	$	159,826	$	156,425	$	4,068	$	14,358	$	165,017	$	157,876	$	7,141
Interest Expense (ex. Core OID) (4)		1,174		793		457		391		406		381		768		2,815		1,876		939
Net Financing Revenue (ex. Core OID) (4)	$	1,685	$	1,730	$	1,774	$	1,703	$	1,663	$	(45)	$	22	$	6,892	$	6,205	$	687
Net Interest Margin (yield details)
Retail Auto Loan		7.98%		7.29%		6.82%		6.61%		6.61%		0.69%		1.37%		7.19%		6.65%		0.54%
Retail Auto Loan (excl. hedge impact)		7.37%		7.04%		6.85%		6.75%		6.81%		0.33%		0.56%		7.01%		6.87%		0.14%
Auto Lease (net of dep)		6.02%		5.98%		6.66%		6.96%		7.88%		0.04%		(1.86)%		6.41%		9.32%		(2.91)%
Dealer Floorplan		6.42%		5.03%		3.45%		2.97%		2.98%		1.39%		3.44%		4.49%		3.17%		1.32%
Other Dealer Loans		4.82%		4.33%		4.13%		4.17%		4.10%		0.49%		0.72%		4.38%		4.21%		0.17%
Corporate Finance		7.78%		6.30%		5.02%		4.76%		5.15%		1.48%		2.63%		6.09%		5.19%		0.90%
Mortgage		3.17%		3.10%		3.01%		2.94%		2.77%		0.07%		0.40%		3.06%		2.79%		0.27%
Consumer Other - Ally Lending (2)		10.37%		11.04%		11.94%		12.62%		12.89%		(0.67)%		(2.52)%		11.31%		13.82%		(2.51)%
Consumer Other - Ally Credit Card (3)		21.75%		21.17%		19.71%		18.75%		18.11%		0.58%		3.64%		20.54%		18.11%		2.43%
Cash and Cash Equivalents		2.94%		1.73%		0.61%		0.15%		0.14%		1.21%		2.80%		1.38%		0.12%		1.26%
Investment Securities and Other		2.89%		2.55%		2.35%		2.09%		1.81%		0.34%		1.08%		2.46%		1.60%		0.86%
Total Earning Assets		6.24%		5.59%		5.11%		4.86%		4.75%		0.65%		1.49%		5.46%		4.64%		0.82%
Unsecured Debt (ex. Core OID & Core OID balance) (4) (7)		5.12%		4.99%		5.04%		5.12%		5.02%		0.13%		0.10%		5.09%		5.25%		(0.16)%
Secured Debt		4.73%		6.08%		6.61%		6.36%		5.91%		(1.35)%		(1.18)%		5.77%		4.19%		1.58%
Deposits (5)		2.53%		1.58%		0.76%		0.61%		0.64%		0.95%		1.89%		1.39%		0.75%		0.64%
Other Borrowings (6)		2.80%		2.48%		1.75%		2.11%		2.59%		0.32%		0.21%		2.29%		2.80%		(0.51)%
Total Funding Sources (ex. Core OID & Core OID balance) (4)		2.73%		1.89%		1.12%		0.99%		1.03%		0.84%		1.70%		1.71%		1.19%		0.52%
NIM (as reported)		3.65%		3.81%		4.04%		3.93%		3.80%		(0.16)%		(0.15)%		3.85%		3.54%		0.31%
NIM (ex. Core OID & Core OID balance) (4)		3.68%		3.83%		4.06%		3.95%		3.82%		(0.15)%		(0.14)%		3.88%		3.56%		0.32%

(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. Fair Square 4Q2021 end of period balance was $953 million. 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.

(6) Includes Demand Notes (terminated on 3/1/21), FHLB Borrowings, Repurchase Agreements and other.

(7) Includes trust preferred securities.

4Q 2022  Preliminary Results 19

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

($ in billions)	QUARTERLY TRENDS
Mortgage Finance HFI Portfolio	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21
Loan Value
Gross carry value	$	19.4	$	19.7	$	18.9	$	18.4	$	17.6
Net carry value	$	19.4	$	19.7	$	18.9	$	18.4	$	17.6
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)		0.6%		0.7%		0.7%		0.6%		0.8%
% Low/No documentation		0.0%		0.0%		0.0%		0.1%		0.1%
% Non-primary residence		4.4%		4.4%		4.1%		4.0%		3.9%
Refreshed FICO(3)		781		780		779		776		776
Wtd. Avg. LTV/CLTV (4)		54.6%		54.2%		53.7%		55.7%		56.9%
Corporate Other Legacy Mortgage HFI Portfolio
Loan Value
Gross carry value	$	0.3	$	0.3	$	0.3	$	0.3	$	0.4
Net carry value	$	0.3	$	0.3	$	0.3	$	0.3	$	0.4
Estimated Pool Characteristics
% Second lien		13.0%		13.3%		13.9%		14.7%		15.0%
% Interest only		0.1%		0.1%		0.1%		0.1%		0.1%
% 30+ Day delinquent(1)(2)		6.4%		5.6%		7.2%		7.1%		7.5%
% Low/No documentation		23.6%		23.4%		23.6%		23.7%		23.4%
% Non-primary residence		3.3%		3.4%		3.3%		3.5%		3.5%
Refreshed FICO(3)		742		743		740		738		735
Wtd. Avg. LTV/CLTV (4)		47.4%		47.6%		49.1%		52.2%		54.2%

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.

4Q 2022  Preliminary Results 20

ALLY FINANCIAL INC. EARNINGS PER SHARE RELATED INFORMATION       

($ in millions, shares in thousands)		QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Earnings Per Share Data		4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
GAAP net income attributable to common shareholders		$	251		$	272		$	454		$	627		$	624		$	(21	)	$	(373	)	$	1,604		$	3,003		$	(1,399	)
Weighted-average common shares outstanding - basic			301,279			308,220			322,057			335,678			345,870			(6,941	)		(44,591	)		316,690			362,583			(45,892	)
Weighted-average common shares outstanding - diluted			303,062			310,086			324,027			337,812			348,666			(7,024	)		(45,604	)		318,629			365,180			(46,550	)
Issued shares outstanding (period-end)			299,324			300,335			312,781			327,306			337,941			(1,011	)		(38,616	)		299,324			337,941			(38,616	)
Net income per share - basic		$	0.83		$	0.88		$	1.41		$	1.87		$	1.80		$	(0.05	)	$	(0.97	)	$	5.06		$	8.28		$	(3.22	)
Net income per share - diluted		$	0.83		$	0.88		$	1.40		$	1.86		$	1.79		$	(0.05	)	$	(0.96	)	$	5.03		$	8.22		$	(3.19	)
Adjusted Earnings per Share (“Adjusted EPS”)
Numerator
GAAP net income attributable to common shareholders		$	251		$	272		$	454		$	627		$	624		$	(21	)	$	(373	)	$	1,604		$	3,003		$	(1,399	)
Discontinued operations, net of tax			—			1			—			—			6			(1	)		(6	)		1			5			(4	)
Core OID			11			11			10			10			9			0			2			42			38			4
Change in the fair value of equity securities			(49	)		62			136			66			(21	)		(111	)		(28	)		215			7			208
Core OID, repositioning & change in the fair value of equity securities tax (tax rate 21%)			(4	)		(20	)		(31	)		(16	)		(20	)		16			16			(70	)		(57	)		(13	)
Repositioning			57			20			—			—			107			37			(50	)		77			228			(151	)
Significant discrete tax items			61			—			—			—			—			61			61			61			(78	)		138
Core net income attributable to common shareholders (1)		$	327		$	346		$	570		$	687		$	705		$	(20	)	$	(378	)	$	1,929		$	3,146		$	(1,216	)
Denominator
Weighted-average common shares outstanding - diluted			303,062			310,086			324,027			337,812			348,666			(7,024	)		(45,604	)		318,629			365,180			(46,550	)
Adjusted EPS (2)		$	1.08		$	1.12		$	1.76		$	2.03		$	2.02		$	(0.04	)	$	(0.94	)	$	6.06		$	8.61		$	(2.56	)
Core original issue discount (Core OID) amortization expense (1)		$	11		$	11		$	10		$	10		$	9		$	—		$	2		$	42		$	38		$	4
Other OID			3			3			2			3			3			—			—			11			11			—
GAAP original issue discount amortization expense		$	14		$	13		$	13		$	13		$	12		$	1		$	2		$	53		$	49		$	4
Core outstanding original issue discount balance (Core OID balance) (1)		$	(841	)	$	(852	)	$	(863	)	$	(873	)	$	(883	)	$	11		$	42		$	(841	)	$	(883	)	$	42
Other outstanding OID balance			(40	)		(36	)		(39	)		(37	)		(40	)		(5	)		—			(40	)		(40	)		—
GAAP outstanding original issue discount balance		$	(882	)	$	(888	)	$	(901	)	$	(911	)	$	(923	)	$	6		$	42		$	(882	)	$	(923	)	$	42
GAAP net financing revenue	[A]	$	1,674		$	1,719		$	1,764		$	1,693		$	1,654		$	(45	)	$	20		$	6,850		$	6,167		$	683
Core OID			11			11			10			10			9			—			2			42			38			4
Net Financing Revenue (ex. Core OID)	[B]	$	1,685		$	1,730		$	1,774		$	1,703		$	1,663		$	(45	)	$	22		$	6,892		$	6,205		$	687
GAAP Other Revenue	[C]	$	527		$	297		$	312		$	442		$	545		$	230		$	(18	)	$	1,578		$	2,039		$	(461	)
Repositioning			—			—			—			—			9			0			(9	)	$	—		$	131		$	(131	)
Change in the fair value of equity securities			(49	)		62			136			66			(21	)		(111	)		(28	)		215			7			208
Adjusted Other Revenue	[D]	$	478		$	359		$	448		$	508		$	533		$	119		$	(55	)	$	1,793		$	2,177		$	(384	)
GAAP Provision Expense		$	490		$	438		$	304		$	167		$	210		$	52		$	280		$	1,399		$	241		$	1,158
Repositioning			—			—			—			—			(97	)		—			97			—			(97	)		97
Adjusted Provision (ex. Repositioning)		$	490		$	438		$	304		$	167		$	113		$	52		$	377		$	1,399		$	144		$	1,255
GAAP Noninterest expense	[E]	$	1,266		$	1,161		$	1,138		$	1,122		$	1,090		$	105		$	176		$	4,687		$	4,110		$	577
Repositioning and other			(57	)		(20	)		—			—			—			(37	)		(57	)		(77	)		—			(77	)
Adjusted Noninterest Expense	[F]	$	1,209		$	1,141		$	1,138		$	1,122		$	1,090		$	68		$	119		$	4,610		$	4,110		$	500
Pre-Provision Net Revenue (PPNR)	[A]+[C]+[E]	$	935		$	855		$	938		$	1,013		$	1,109		$	80		$	(174	)	$	3,741		$	4,096		$	(355	)
Core Pre-Provision Net Revenue (PPNR) (1)	[B]+[D]+[F]	$	954		$	948		$	1,084		$	1,088		$	1,107		$	6		$	(152	)	$	4,075		$	4,271		$	(197	)

(1) Represents a non-GAAP financial measure. See page 25 and 26 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.

4Q 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	4Q 22		3Q 22		2Q 22		1Q 22		4Q 21		3Q 22		4Q 21
Numerator
GAAP shareholder’s equity	$	12,859	$	12,434	$	13,984	$	15,413	$	17,050	$	425	$	(4,191)
Preferred equity		(2,324)		(2,324)		(2,324)		(2,324)		(2,324)		—		—
GAAP common shareholder’s equity	$	10,535	$	10,110	$	11,660	$	13,089	$	14,726	$	425	$	(4,191)
Goodwill and identifiable intangibles, net of DTLs		(902)		(910)		(920)		(932)		(941)		8		39
Tangible common equity (1)		9,633		9,200		10,740		12,157		13,785		433		(4,152)
Tax-effected Core OID balance (21% tax rate) (1)		(665)		(673)		(682)		(690)		(698)		9		33
Adjusted tangible book value (2)	$	8,968	$	8,527	$	10,058	$	11,468	$	13,087	$	441	$	(4,119)
Denominator
Issued shares outstanding (period-end, thousands)		299,324		300,335		312,781		327,306		337,941		(1,011)		(38,616)
GAAP shareholder’s equity per share	$	42.96	$	41.40	$	44.71	$	47.09	$	50.45	$	1.56	$	(7.49)
Preferred equity per share		(7.76)		(7.74)		(7.43)		(7.10)		(6.88)		(0.03)		(0.89)
GAAP common shareholder’s equity per share	$	35.20	$	33.66	$	37.28	$	39.99	$	43.58	$	1.53	$	(8.38)
Goodwill and identifiable intangibles, net of DTLs per share		(3.01)		(3.03)		(2.94)		(2.85)		(2.79)		0.01		(0.23)
Tangible common equity per share (1)		32.18		30.63		34.34		37.14		40.79		1.55		(8.61)
Tax-effected Core OID balance (21% tax rate) per share (1)		(2.22)		(2.24)		(2.18)		(2.11)		(2.06)		0.02		(0.16)
Adjusted tangible book value per share (2)	$	29.96	$	28.39	$	32.16	$	35.04	$	38.73	$	1.57	$	(8.76)

(1) Represents a non-GAAP financial measure. See page 25 and 26 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.

4Q 2022  Preliminary Results 22

ALLY FINANCIAL INC. CORE ROTCE RELATED INFORMATION       

($ in millions) unless noted otherwise	QUARTERLY TRENDS															CHANGE VS.						FULL YEAR
Core Return on Tangible Common Equity (“Core ROTCE”)	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Numerator
GAAP net income attributable to common shareholders	$	251		$	272		$	454		$	627		$	624		$	(21	)	$	(373)		$	1,604		$	3,003		$	(1,399	)
Discontinued operations, net of tax		—			1			—			—			6			(1	)		(6	)		1			5			(4	)
Core OID		11			11			10			10			9			—			2			42			38			4
Change in the fair value of equity securities		(49	)		62			136			66			(21	)		(111	)		(28	)		215			7			208
Core OID, repositioning & change in the fair value of equity securities tax (tax rate 21%)		(4	)		(20	)		(31	)		(16	)		(20	)		23			6			(70	)		(57	)		(13	)
Repositioning		57			20			—			—			107			37			(50	)		77			228			(151	)
Significant discrete tax items		61			—			—			—			—			61			61			61			(78	)		138
Core net income attributable to common shareholders (1)	$	327		$	346		$	570		$	687		$	705		$	(20	)	$	(378)		$	1,929		$	3,146		$	(1,216	)
Denominator (average, $ millions)
GAAP shareholder’s equity	$	12,647		$	13,209		$	14,699		$	16,232		$	17,170		$	(563)		$	(4,523	)	$	14,348		$	16,239		$	(1,891	)
Preferred equity		(2,324	)		(2,324	)		(2,324	)		(2,324	)		(2,324	)		—			—			(2,324	)		(1,394	)		(930	)
Goodwill & identifiable intangibles, net of deferred tax liabilities (“DTLs”)		(906	)		(915	)		(926	)		(937	)		(655	)		9			(251	)		(921	)		(489	)		(432	)
Tangible common equity (1)	$	9,417		$	9,970		$	11,449		$	12,971		$	14,190		$	(553	)	$	(4,774	)	$	11,103		$	14,356		$	(3,253	)
Core OID balance		(847	)		(858	)		(868	)		(878	)		(892	)		11			45			(862	)		(956	)		93
Net deferred tax asset (“DTA”)		(1,165	)		(1,068	)		(758	)		(437	)		(551	)		(96	)		(614	)		(820	)		(451	)		(369	)
Normalized common equity	$	7,405		$	8,044		$	9,822		$	11,656		$	12,747		$	(639	)	$	(5,342	)	$	9,421		$	12,949		$	(3,528	)
Core Return on Tangible Common Equity (2)		17.6%			17.2%			23.2%			23.6%			22.1%									20.5%			24.3%

(1) Represents a non-GAAP measure. See page 25 and 26 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.

4Q 2022  Preliminary Results 23

ALLY FINANCIAL INC. ADJUSTED EFFICIENCY RATIO RELATED INFORMATION       

($ in millions)	QUARTERLY TREND															CHANGE VS.						FULL YEAR
	4Q 22			3Q 22			2Q 22			1Q 22			4Q 21			3Q 22			4Q 21			FY 2022			FY 2021			CHANGE
Numerator
GAAP Noninterest expense	$	1,266		$	1,161		$	1,138		$	1,122		$	1,090		$	105		$	176		$	4,687		$	4,110		$	577
Rep and warrant expense		—			—			—			—			—			—			—			—			—			—
Insurance expense		(286	)		(290	)		(300	)		(274	)		(263	)		4			(23	)		(1,150	)		(1,061	)		(89	)
Repositioning		(57	)		(20	)		—			—			—			(37	)		(57	)		(77	)		—			(77	)
Adjusted noninterest expense for the efficiency ratio	$	923		$	851		$	838		$	848		$	827		$	72		$	96		$	3,460		$	3,049		$	411
Denominator
Total net revenue	$	2,201		$	2,016		$	2,076		$	2,135		$	2,199		$	185		$	2		$	8,428		$	8,206		$	222
Core OID		11			11			10			10			9			0			2			42			38			4
Insurance revenue		(387	)		(260	)		(178	)		(287	)		(354	)		(127	)		(33	)		(1,112	)		(1,404	)		292
Repositioning		—			—			—			—			9			—			(9	)		—			131			(131	)
Adjusted net revenue for the efficiency ratio	$	1,825		$	1,767		$	1,908		$	1,858		$	1,864		$	58		$	(39	)	$	7,358		$	6,970		$	387
Adjusted Efficiency Ratio (1)		50.6%			48.2%			43.9%			45.6%			44.4%									47.0%			43.7%

(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 one-time 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.

4Q 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.

4Q 2022  Preliminary Results 25

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.

11) Adjusted Tangible Book Value per Share 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.

12) Net Interest Margin ex core OID Net interest margin ex. core OID is calculated using a non-GAAP financial measure that adjusts net interest margin by excluding Core OID. The Core OID balance is primarily related to bond exchange OID which excludes international operations and future issuances. Management believes net interest margin ex. Core OID is a helpful financial metric because it enables the reader better understand the business’s profitability and margins.

13) Net Financing Revenue ex core OID Net financing revenue ex. core OID is calculated using a non-GAAP financial measure that adjusts GAAP net financing revenue by excluding Core OID. The Core OID balance is primarily related to bond exchange OID which excludes international operations and future issuances. Management believes net financing revenue ex. Core OID is a helpful financial metric because it enables the reader better understand the business’s ability to generate revenue.

14) Adjusted Other Revenue Adjusted other revenue is a non-GAAP financial measure that adjusts GAAP other revenue for OID expenses, repositioning, and change in fair value of equity securities. Management believes adjusted other revenue is a helpful financial metric because it enables the reader better understand the business’s ability to generate other revenue.

15) Adjusted Total Net Revenue Adjusted total net revenue is a non-GAAP financial measure that management believes is helpful for readers to understand the ongoing ability of the company to generate revenue. For purposes of this calculation, GAAP net financing revenue is adjusted by excluding Core OID to calculate net financing revenue ex. core OID. GAAP other revenue is adjusted for OID expenses, repositioning, and change in fair value of equity securities to calculate adjusted other revenue. Adjusted total net revenue is calculated by adding net financing revenue ex. core OID to adjusted other revenue.

16) Adjusted Noninterest Expense is a non-GAAP financial measure that adjusts GAAP noninterest expense for repositioning items. Management believes adjusted noninterest expense is a helpful financial metric because it enable the reader to better understand the business’s expenses excluding nonrecurring items.

4Q 2022  Preliminary Results 26