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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
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 September 30, ($ in millions)
Automotive Finance operationsInsurance operationsMortgage Finance operationsCorporate Finance operationsCorporate and OtherConsolidated
2022
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $164 $— $— $— $164 
Remarketing fee income26 — — — — 26 
Brokerage commissions and other revenue— — — — 18 18 
Banking fees and interchange income (d) (e)— — — — 11 11 
Brokered/agent commissions— 3 — — — 3 
Other5 — — — 1 6 
Total revenue from contracts with customers
31 167 — — 30 228 
All other revenue
43 69 7 54 (104)69 
Total other revenue (f)$74 $236 $7 $54 $(74)$297 
2021
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $157 $— $— $— $157 
Remarketing fee income26 — — — — 26 
Brokerage commissions and other revenue— — — — 12 12 
Banking fees and interchange income (d)— — — — 2 2 
Brokered/agent commissions— 4 — — — 4 
Other5 — — — 1 6 
Total revenue from contracts with customers
31 161 — — 15 207 
All other revenue30 122 19 16 (3)184 
Total other revenue (f)$61 $283 $19 $16 $12 $391 
(a)We had opening balances of $3.0 billion and $3.1 billion in unearned revenue associated with outstanding contracts at July 1, 2022, and 2021, respectively, and $236 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 September 30, 2022, and 2021, respectively.
(b)At September 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 $227 million during the remainder of 2022, $853 million in 2023, $715 million in 2024, $527 million in 2025, and $682 million thereafter. At September 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 July 1, 2022, and September 30, 2022, and recognized $143 million of expense during the three months ended September 30, 2022. We had deferred insurance assets of $1.9 billion at both July 1, 2021, and September 30, 2021, and recognized $135 million of expense during the three months ended September 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 $4 million for the three months ended September 30, 2022.
(f)Represents a component of total net revenue. Refer to Note 23 for further information on our reportable operating segments.
Nine months ended September 30, ($ in millions)
Automotive Finance operationsInsurance operationsMortgage Finance operationsCorporate Finance operationsCorporate and OtherConsolidated
2022
Revenue from contracts with customers
Noninsurance contracts (a) (b)$— $489 $— $— $— $489 
Remarketing fee income82 — — — — 82 
Brokerage commissions and other revenue— — — — 42 42 
Banking fees and interchange income (c) (d)— — — — 32 32 
Brokered/agent commissions— 11 — — — 11 
Other16 — — — 3 19 
Total revenue from contracts with customers
98 500 — — 77 675 
All other revenue
116 164 25 97 (26)376 
Total other revenue (e)$214 $664 $25 $97 $51 $1,051 
2021
Revenue from contracts with customers
Noninsurance contracts (a) (b)$— $470 $— $— $— $470 
Remarketing fee income80 — — — — 80 
Brokerage commissions and other revenue— — — — 45 45 
Banking fees and interchange income (c)— — — — 13 13 
Brokered/agent commissions— 12 — — — 12 
Other17 — — — 3 20 
Total revenue from contracts with customers
97 482 — — 61 640 
All other revenue87 524 81 75 87 854 
Total other revenue (e)$184 $1,006 $81 $75 $148 $1,494 
(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 $701 million and $681 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income during the nine months ended September 30, 2022, and 2021, respectively.
(b)We had deferred insurance assets of $1.9 billion and $1.8 billion at January 1, 2022, and September 30, 2022, respectively, and recognized $420 million of expense during the nine months ended September 30, 2022. We had deferred insurance assets of $1.8 billion and $1.9 billion at January 1, 2021, and September 30, 2021, respectively, and recognized $400 million of expense during the nine months ended September 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 $10 million for the nine months ended September 30, 2022.
(e)Represents a component of total net revenue. Refer to Note 23 for further information on our reportable operating segments.