Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

The following tables present a disaggregated view of our revenue from contracts with customers. For further information regarding our revenue recognition policies and details about the nature of our respective revenue streams, refer to Note 1 and Note 3 to the Consolidated Financial Statements in our 2021 Annual Report on Form 10-K.


Three months ended June 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2022
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	163	$	—	$	—	$	—	$	163
Remarketing fee income	29		—		—		—		—		29
Brokerage commissions and other revenue	—		—		—		—		13		13
Banking fees and interchange income (d) (e)	—		—		—		—		10		10
Brokered/agent commissions	—		4		—		—		—		4
Other	6		—		—		—		1		7
Total revenue from contracts with customers	35		167		—		—		24		226
All other revenue	37		(9)		4		19		35		86
Total other revenue (f)	$	72	$	158	$	4	$	19	$	59	$	312
2021
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	158	$	—	$	—	$	—	$	158
Remarketing fee income	27		—		—		—		—		27
Brokerage commissions and other revenue	—		—		—		—		13		13
Banking fees and interchange income (d)	—		—		—		—		5		5
Brokered/agent commissions	—		4		—		—		—		4
Other	6		—		—		—		2		8
Total revenue from contracts with customers	33		162		—		—		20		215
All other revenue	28		182		22		33		58		323
Total other revenue (f)	$	61	$	344	$	22	$	33	$	78	$	538

(a)We had opening balances of $3.0 billion in unearned revenue associated with outstanding contracts at both April 1, 2022, and 2021, and $234 million and $228 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income during the three months ended June 30, 2022, and 2021, respectively.

(b)At June 30, 2022, we had unearned revenue of $3.0 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $443 million during the remainder of 2022, $825 million in 2023, $681 million in 2024, $488 million in 2025, and $580 million thereafter. At June 30, 2021, we had unearned revenue of $3.1 billion associated with outstanding contracts.

(c)We had deferred insurance assets of $1.8 billion at both April 1, 2022, and June 30, 2022, and recognized $140 million of expense during the three months ended June 30, 2022. We had deferred insurance assets of $1.8 billion and $1.9 billion at April 1, 2021, and June 30, 2021, respectively, and recognized $133 million of expense during the three months ended June 30, 2021.

(d)Effective May 25, 2021, we eliminated all overdraft fees for Ally Bank deposit accounts.

(e)Interchange income is reported net of customer rewards. Customer rewards expense was $3 million for the three months ended June 30, 2022.

(f)Represents a component of total net revenue. Refer to Note 23 for further information on our reportable operating segments.


Six months ended June 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2022
Revenue from contracts with customers
Noninsurance contracts (a) (b)	$	—	$	325	$	—	$	—	$	—	$	325
Remarketing fee income	56		—		—		—		—		56
Brokerage commissions and other revenue	—		—		—		—		24		24
Banking fees and interchange income (c) (d)	—		—		—		—		21		21
Brokered/agent commissions	—		8		—		—		—		8
Other	11		—		—		—		2		13
Total revenue from contracts with customers	67		333		—		—		47		447
All other revenue	73		95		18		43		78		307
Total other revenue (e)	$	140	$	428	$	18	$	43	$	125	$	754
2021
Revenue from contracts with customers
Noninsurance contracts (a) (b)	$	—	$	313	$	—	$	—	$	—	$	313
Remarketing fee income	54		—		—		—		—		54
Brokerage commissions and other revenue	—		—		—		—		33		33
Banking fees and interchange income (c)	—		—		—		—		11		11
Brokered/agent commissions	—		8		—		—		—		8
Other	12		—		—		—		2		14
Total revenue from contracts with customers	66		321		—		—		46		433
All other revenue	57		402		62		59		90		670
Total other revenue (e)	$	123	$	723	$	62	$	59	$	136	$	1,103

(a)We had opening balances of $3.1 billion and $3.0 billion in unearned revenue associated with outstanding contracts at January 1, 2022, and 2021, respectively, and $465 million and $453 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income during the six months ended June 30, 2022, and 2021, respectively.

(b)We had deferred insurance assets of $1.9 billion and $1.8 billion at January 1, 2022, and June 30, 2022, respectively, and recognized $277 million of expense during the six months ended June 30, 2022. We had deferred insurance assets of $1.8 billion and $1.9 billion at January 1, 2021, and June 30, 2021, respectively, and recognized $265 million of expense during the six months ended June 30, 2021.

(c)Effective May 25, 2021, we eliminated all overdraft fees for Ally Bank deposit accounts.

(d)Interchange income is reported net of customer rewards. Customer rewards expense was $6 million for the six months ended June 30, 2022.

(e)Represents a component of total net revenue. Refer to Note 23 for further information on our reportable operating segments.