Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 67

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 67
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,895 $9,357 $5,921 Beginning balance at locked-in discount rate27,448 8,301 5,411 27,144 8,561 5,847 Effect of changes in cash flow assumptions(68)— — (10)— — Effect of actual variances from expected experience152 (6)24 7 (25)(51)Adjusted beginning of year balance27,533 8,295 5,435 27,141 8,536 5,796 Interest accrual748 217 112 738 222 110 Benefit payments(743)(325)(222)(693)(328)(219)Effect of foreign currency— — 136 — — (96)Ending balance at locked-in discount rate27,537 8,187 5,461 27,185 8,429 5,591   Effect of changes in discount rate assumptions1,654 195 (75)1,920 271 (166)Balance, end of period$29,192 $8,382 $5,386 $29,105 $8,700 $5,424 Net future policy benefit reserves$25,051 $8,382 $994 $25,301 $8,700 $1,010 Less: Reinsurance recoverables, net of allowance for credit losses(157)— (248)(155)— (31)Net future policy benefit reserves, after reinsurance recoverables$24,895 $8,382 $746 $25,146 $8,700 $979 Weighted-average duration of liability (years)(a)11.310.15.312.110.75.4Weighted-average interest accretion rate5.6%5.4%5.3%5.6%5.4%5.2%Current discount rate5.5%5.5%4.9%5.4%5.4%5.1%Gross premiums or assessments recognized during period$231 $— $163 $242 $— $156 Expected future gross premiums, undiscounted7,321 — 11,569 7,244 — 11,886 Expected future gross premiums, discounted(a)4,694 — 5,303 4,665 — 5