Ally Bank 2011 Annual Report Download - page 147

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Recurring Fair Value
The following tables display the assets and liabilities of our held−for−sale operations measured at fair value on a recurring basis. Refer to Note 27 for
descriptions of valuation methodologies used to measure material assets at fair value and details of the valuation models, key inputs to these models, and
significant assumptions used. Recurring fair value measurements
December 31, 2011 ($ in millions) Level 1 Level 2 Level 3 Total
Assets
Investment securities
Available−for−sale securities
Debt securities
Foreign government $ 171 $ 15 $ — $ 186
Other assets
Interest retained in financial asset sales — — 66 66
Total assets $ 171 $ 15 $ 66 $ 252
Recurring fair value measurements
December 31, 2010 ($ in millions) Level 1 Level 2 Level 3 Total
Assets
Available−for−sale securities
Debt securities
Foreign government $ 256 $ — $ — $ 256
Other — 179 — 179
Total assets $ 256 $ 179 $ — $ 435
3. Insurance Premiums and Service Revenue Earned
The following table is a summary of insurance premiums and service revenue written and earned.
2011 2010 2009
Year ended December 31, ($ in millions) Written Earned Written Earned Written Earned
Insurance premiums
Direct $ 817 $ 742 $ 803 $ 734 $ 728 $ 779
Assumed 38 77 210 281 576 662
Gross insurance premiums 855 819 1,013 1,015 1,304 1,441
Ceded (167) (164) (267) (266) (603) (694)
Net insurance premiums 688 655 746 749 701 747
Service revenue 815 918 743 1,001 661 1,114
Insurance premiums and service revenue written and
earned $ 1,503 $ 1,573 $ 1,489 $ 1,750 $ 1,362 $ 1,861
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