Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 46

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 46
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 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 transferred out of Level 3 related to increases in the observability of external information used in determining fair value in our run-off insurance operations and primarily included certain investments in private placement U.S. and non-U.S. corporate debt securities. During the three months ended March 31, 2025 there were no significant transfers into Level 3 and during three months ended March 31, 2024, there were no significant transfers into or out of Level 3.

20 2025 1Q FORM 10-Q

In addition to the equity securities described above, we held $1,491 million and $1,439 million of equity securities without RDFV including $1,462 million and $1,410 million within our run-off insurance operations at March 31, 2025 and December 31, 2024, respectively, that are classified within All other assets in our Statement of Financial Position. Fair value adjustments, including impairments, recorded in