Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 111

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 111
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 $37,153 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 3Q FORM 10-Q 25

The following tables summarize balances of and changes in future policy benefit reserves.September 30, 2025September 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 assumptions257 — 4 387 — (1)Effect of actual variances from expected experience(a)(3)— (2,343)(26)— (5)Adjusted beginning of year balance4,244 — 2,076 4,106 — 4,768 Interest accrual 164 — 138 155 — 134 Net premiums collected(299)— (223)(298)— (212)Effect of foreign currency— — 108 — — (41)Ending balance at locked-in discount rate4,110 — 2,099 3,962 — 4,649 Effect of changes in discount rate assumptions278 — 87 355 — (24)Balance, end of period$4,388 $— $2,186 $4,317 $— $4,625 Present value of expected future policy benefitsBalance, beginning of year$28,820 $8,426 $5,336 $30,895 $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 assumptions308 (37)43 389 — 24 Effect of actual variances from expected