Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 118

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 118
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14,011 million had gross unrealized losses of $(2,663) million and $(2,795) million and had been in a loss position for 12 months or more at March 31, 2025 and December 31, 2024, respectively. Gross unrealized losses  at March 31, 2025 included $(96) million related to commercial mortgage-backed securities (CMBS) collateralized by pools of commercial mortgage loans on real estate, and $(57) million related to asset-backed securities. The majority of our CMBS and asset-backed securities in an unrealized loss position have received investment-grade credit ratings from the major rating agencies. The majority of our U.S. and non-U.S. corporate securities' gross unrealized losses were in the consumer, electric, technology and communication industries. For our securities in an unrealized loss position, the losses are not indicative of credit losses, we currently do not intend to sell the investments, and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis. Three months ended March 3120252024Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV)$5 $441 Proceeds from debt/equity securities sales and early redemptions672 3,196 Gross realized gains on debt securities5 8 Gross realized losses on debt securities(7)(11)Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at March 31, 2025 are as follows:Amortized costEstimated fair valueWithin one year$905 $900 After one year through five years3,829 3,895 After five years through ten years5,135 5,195 After ten years24,808 22,619 We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.The majority of our non-current investment securities are classified within Level 2, as their valuation is determined based on significant observable inputs. Investments with a fair value of $4,351 million and $5,074 million, including the AerCap senior note, are classified within Level 3, as significant inputs to their valuation models are unobservable at March 31, 2025 and December 31, 2024, respectively. During the three months ended March 31, 2025, $949 million was