Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 130

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 130
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,318 $4,063 $— $4,803 Present value of expected future policy benefitsBalance, beginning of year$30,895 $9,357 $5,921 $28,316 $8,860 $5,868 Beginning balance at locked-in discount rate27,144 8,561 5,847 27,026 8,790 6,247 Effect of changes in cash flow assumptions238 — 24 (45)(16)49 Effect of actual variances from expected experience25 (36)(1)(13)19 (241)Adjusted beginning of year balance27,406 8,525 5,870 26,968 8,793 6,055 Interest accrual1,485 441 218 1,454 454 232 Benefit payments(1,443)(664)(430)(1,278)(687)(508)Effect of foreign currency— — (246)— — 67 Ending balance at locked-in discount rate27,448 8,301 5,411 27,144 8,561 5,847   Effect of changes in discount rate assumptions1,371 125 (76)3,752 797 74 Balance, end of year$28,820 $8,426 $5,336 $30,895 $9,357 $5,921 Net future policy benefit reserves$24,675 $8,426 $1,018 $26,832 $9,357 $1,117 Less: Reinsurance recoverables, net of allowance for credit losses(169)— (32)(166)— (33)Net future policy benefit reserves, after reinsurance recoverables$24,507 $8,426 $985 $26,666 $9,357 $1,084 Weighted-average duration of liability (years)(a)11.710.35.312.811.35.3Weighted-average interest accretion rate5.6%5.4%5.1%5.5%5.4%5.0%Current discount rate5.6%5.5%5.1%4.9%4.8%4.7%Gross premiums or assessments recognized during period$479 $— $353 $496 $—