Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Segment Reporting Information, by Segment

Financial information for our reportable operating segments is summarized as follows.


Three months ended September 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated (a)
2023
Net financing revenue and other interest income	$	1,360	$	29	$	53	$	97	$	(6)	$	1,533
Other revenue	79		293		4		24		35		435
Total net revenue	1,439		322		57		121		29		1,968
Provision for credit losses	444		—		(2)		5		61		508
Total noninterest expense	618		338		33		32		211		1,232
Income (loss) from continuing operations before income tax (benefit) expense	$	377	$	(16)	$	26	$	84	$	(243)	$	228
Total assets	$	114,742	$	8,736	$	18,745	$	10,749	$	42,732	$	195,704
2022
Net financing revenue and other interest income	$	1,303	$	24	$	57	$	80	$	255	$	1,719
Other revenue (loss)	74		236		7		54		(74)		297
Total net revenue	1,377		260		64		134		181		2,016
Provision for credit losses	328		—		2		13		95		438
Total noninterest expense	561		290		43		30		237		1,161
Income (loss) from continuing operations before income tax (benefit) expense	$	488	$	(30)	$	19	$	91	$	(151)	$	417
Total assets	$	109,114	$	8,533	$	19,862	$	9,840	$	41,291	$	188,640

(a)Net financing revenue and other interest income after the provision for credit losses totaled $1.0 billion and $1.3 billion for the three months ended September 30, 2023, and 2022, respectively.


Nine months ended September 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated (a)
2023
Net financing revenue and other interest income	$	4,031	$	84	$	160	$	292	$	141	$	4,708
Other revenue	239		1,011		13		81		95		1,439
Total net revenue	4,270		1,095		173		373		236		6,147
Provision for credit losses	1,126		—		(3)		35		223		1,381
Total noninterest expense	1,824		1,011		108		110		694		3,747
Income (loss) from continuing operations before income tax (benefit) expense	$	1,320	$	84	$	68	$	228	$	(681)	$	1,019
Total assets	$	114,742	$	8,736	$	18,745	$	10,749	$	42,732	$	195,704
2022
Net financing revenue and other interest income	$	3,899	$	61	$	166	$	240	$	810	$	5,176
Other revenue	214		664		25		97		51		1,051
Total net revenue	4,113		725		191		337		861		6,227
Provision for credit losses	660		—		2		27		220		909
Total noninterest expense	1,640		864		153		95		669		3,421
Income (loss) from continuing operations before income tax (benefit) expense	$	1,813	$	(139)	$	36	$	215	$	(28)	$	1,897
Total assets	$	109,114	$	8,533	$	19,862	$	9,840	$	41,291	$	188,640

(a)Net financing revenue and other interest income after the provision for credit losses totaled $3.3 billion and $4.3 billion for the nine months ended September 30, 2023, and 2022, respectively.