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Ally Financial ALLY Insurance Operations — Provision For Loan And Lease Losses

Discontinued — last reported Q1 '21

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Other financials

Income statement

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Revenue$2.1B+36.4%
Net income$319.0M+242%
EPS (diluted)$0.93+213%

Balance sheet

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Cash & equivalents$11.2B-1.6%
Total debt$22.8B+26.9%
Total equity$15.6B+9.7%
Total assets$197.27B+2.0%

Cash flow

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Operating cash flow$1.4B+45.9%
CapEx-
Free cash flow$1.1B-2.9%

Valuation

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Market cap$13.94B+7.8%
Enterprise value$25.47B+33.3%
P/E10×-33.1×
P/S1.7×0.0×

Profitability

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Net margin16.5%+12.6pp
FCF margin55.3%

Returns & leverage

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Return on equity9.4%+7.2pp
Debt / equity1.5×+0.2×

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.