Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 66

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 66
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LifeOther contractsTotalFuture policy benefit reserves$25,051 $8,382 $994 $337 $34,764 Investment contracts— 682 — 591 1,274 Other— — 111 597 708 Total$25,051 $9,064 $1,104 $1,526 $36,745 December 31, 2024Future policy benefit reserves$24,675 $8,426 $1,018 $357 $34,476 Investment contracts— 719 — 621 1,340 Other— — 116 277 394 Total$24,675 $9,145 $1,134 $1,254 $36,209 

2025 2Q FORM 10-Q 25

The following tables summarize balances of and changes in future policy benefit reserves.June 30, 2025June 30, 2024Present value of expected net premiumsLong-term careStructured settlement annuitiesLifeLong-term careStructured settlement annuitiesLifeBalance, beginning of year$4,144 $— $4,318 $4,063 $— $4,803 Beginning balance at locked-in discount rate3,991 — 4,415 3,745 — 4,773 Effect of changes in cash flow assumptions16 — — 16 — — Effect of actual variances from expected experience12 — 8 (26)— (34)Adjusted beginning of year balance4,018 — 4,423 3,735 — 4,739 Interest accrual 108 — 92 101 — 90 Net premiums collected(197)— (148)(196)— (140)Effect of foreign currency— — 130 — — (91)Ending balance at locked-in discount rate3,930 — 4,496 3,640 — 4,597 Effect of changes in discount rate assumptions211 — (104)164 — (183)Balance, end of period$4,141 $— $4,392 $3,803 $— $4,415 Present value of expected future policy benefitsBalance, beginning of year$28,820 $8,426 $5,336 $30