Ally Bank 2012 Annual Report Download - page 129
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127
Recurring Fair Value
The following table displays the assets and liabilities of our held-for-sale operations measured at fair value on a recurring basis. Refer to
Note 25 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
($ in millions) Level 1 Level 2 Level 3 Total
December 31, 2012
Assets
Investment securities
Available-for-sale securities
Debt securities
Foreign government $ 555 $ 42 $ — $ 597
Corporate debt — 76 — 76
Other — 327 — 327
Other assets
Derivative assets:
Interest rate contracts — 22 9 31
Total assets $ 555 $ 467 $ 9 $ 1,031
Liabilities
Accrued expenses and other liabilities:
Derivative liabilities
Interest rate contracts $ — $ 24 $ 11 $ 35
Foreign currency contracts — 1 18 19
Total liabilities $ — $ 25 $ 29 $ 54
December 31, 2011
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
3. Insurance Premiums and Service Revenue Earned
The following table is a summary of insurance premiums and service revenue written and earned.
2012 2011 2010
Year ended December 31, ($ in millions) Written Earned Written Earned Written Earned
Insurance premiums
Direct $ 337 $ 339 $ 359 $ 326 $ 359 $ 337
Assumed 44 49 38 76 210 281
Gross insurance premiums 381 388 397 402 569 618
Ceded (141) (109) (129) (126) (229) (228)
Net insurance premiums 240 279 268 276 340 390
Service revenue 826 780 788 894 718 981
Insurance premiums and service revenue written
and earned $ 1,066 $ 1,059 $ 1,056 $ 1,170 $ 1,058 $ 1,371
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K