Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 58

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 58
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4, respectively, with the increase driven by foreign exchange movements. The valuation allowance completely offsets the financing receivables balance as of June 30, 2025 and December 31, 2024.

NOTE 3. INVESTMENT SECURITIES.  Current investment securities include our senior note from AerCap, for which we have adopted the fair value option and matures in the fourth quarter of 2025, with a fair value of $998 million and $982 million at June 30, 2025 and December 31, 2024, respectively.

Substantially all of our non-current investment securities are held within our run-off insurance operations and support the long-duration insurance liabilities. The portfolio includes debt securities, of which all are substantially investment grade, and are classified as available-for-sale.June 30, 2025December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value DebtU.S. corporate$27,725 $722 $(2,164)$26,283 $28,456 $546 $(2,309)$26,692 Non-U.S. corporate2,925 33 (279)2,679 2,970 23 (302)2,691 State and municipal2,487 40 (216)2,311 2,409 22 (235)2,196 Mortgage and asset-backed5,448 64 (149)5,363 5,007 47 (183)4,870 Government and agencies1,121 5 (115)1,010 1,180 4 (118)1,066 Equity240 — — 240 225 — — 225 Non-current investment securities$39,946 $863 $(2,923)$37,887 $40,248 $641 $(3,148)$37,741 The amortized cost of debt securities excludes accrued interest of $467 million and $473 million at June 30, 2025 and December 31, 2024, respectively, which is reported in All other current assets.The estimated fair value of non-current investment securities at June 30, 2025 increased since December 31, 2024, primarily due to lower