Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 62

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 62
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 $988 million and $944 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of September 30, 2025 and December 31, 2024, respectively. Accordingly, total estimated losses related to borrower litigation were $2,476 million and $2,461 million as of September 30, 2025 and December 31, 2024, respectively, with the increase driven by foreign exchange movements. The valuation allowance completely offsets the financing receivables balance as of September 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 $1,008 million and $982 million at September 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.September 30, 2025December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value DebtU.S. corporate$27,489 $869 $(1,883)$26,475 $28,456 $546 $(2,309)$26,692 Non-U.S. corporate2,871 46 (233)2,684 2,970 23 (302)2,691 State and municipal2,666 55 (190)2,531 2,409 22 (235)2,196 Mortgage and asset-backed5,324 70 (131)5,262 5,007 47 (183)4,870 Government and agencies1,048 5 (103)951 1,180 4 (118)1,066 Equity254 — — 254 225 — — 225 Non-current investment securities$39,652 $1,044 $(2,539)$38,158 $