Ally Financial ALLY Insurance Operations — Provision For Loan And Lease Losses
Discontinued — last reported Q1 '21
Similar metrics at other companies
Other financials
Where this comes from
Reported directly by Ally Financial in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForLoanAndLeaseLosses.
The official record: Ally Financial’s 10-Q, filed May 3, 2021, on SEC EDGAR. View the filing →
Questions, answered.
- What does insurance operations — provision for loan and lease losses mean?
- The amount of money set aside to cover potential losses from unpaid loans or leases in the insurance division.
- How do you interpret insurance operations — provision for loan and lease losses?
- An increase suggests rising credit risk or a more cautious management outlook on borrower repayment capabilities.
- How does insurance operations — provision for loan and lease losses compare across companies?
- Comparable to provision for credit losses (PCL) in banking or insurance-linked lending segments.