Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 152

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 1
Chunk 152
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Adjusted beginning of year balance27,898 8,270 3,074 27,557 8,536 5,867 Interest accrual1,129 323 167 1,112 332 164 Benefit payments(1,130)(486)(319)(1,079)(493)(329)Effect of foreign currency— — 113 — — (44)Ending balance at locked-in discount rate27,897 8,107 3,035 27,591 8,374 5,658   Effect of changes in discount rate assumptions2,291 360 127 3,540 719 26 Balance, end of period$30,188 $8,467 $3,161 $31,131 $9,093 $5,684 Net future policy benefit reserves$25,801 $8,467 $976 $26,813 $9,093 $1,060 Less: Reinsurance recoverables, net of allowance for credit losses(157)— (179)(185)— (32)Net future policy benefit reserves, after reinsurance recoverables$25,644 $8,467 $797 $26,628 $9,093 $1,028 Weighted-average duration of liability (years)(b)11.310.26.012.310.95.6Weighted-average interest accretion rate5.6%5.4%5.3%5.6%5.4%5.1%Current discount rate5.3%5.3%4.9%5.0%4.9%4.6%Gross premiums or assessments recognized during period$343 $— $249 $359 $— $241 Expected future gross premiums, undiscounted7,499 — 4,468 7,517 — 12,011 Expected future gross premiums, discounted(b)4,813 — 2,452 4,938 — 5,576 Expected future benefit payments, undiscounted61,497 17,961 5,091 62,798 18,769 10,868 Expected future benefit payments, discounted(b)30,188 8,467 3,161 31,131 9,093 5,684 (a) Substantially all of Life reflects nov