Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 157

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 157
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uitants and policyholders in our run-off insurance operations, our equity interests in AerCap and derivatives.

2024 FORM 10-K 69

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASISLevel 1Level 2Level 3(a)Nettingadjustment(b)Net balance(c)December 312024202320242023202420232024202320242023Investment securities$14 $4,767 $33,635 $32,098 $5,074 $6,841 $— $— $38,723 $43,706 Derivatives— — 243 270 — — (55)(28)188 243 Total assets$14 $4,767 $33,878 $32,368 $5,074 $6,841 $(55)$(28)$38,911 $43,949 Derivatives$— $— $131 $78 $— $— $(54)$(26)$77 $53 Other(d)— — 367 311 — — — — 367 311 Total liabilities$— $— $498 $389 $— $— $(54)$(26)$444 $364 (a)Included $1,627 million of U.S. corporate debt securities, $1,935 million of Mortgage and asset-backed debt securities, and the $982 million AerCap note at December 31, 2024. Included $3,873 million of U.S. corporate debt securities, $1,491 million of Mortgage and asset-backed debt securities, and the $944 million AerCap note at December 31, 2023.(b)The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. (c)Included investment securities in our run-off insurance operations of $37,352 million and $37,592 million as of December 31, 2024 and 2023, respectively, which are Level 2 and 3.  See Notes 3 and 22 for further information on the composition of our investment securities and derivative portfolios.(d)Primarily represents the liabilities associated with certain of our deferred