Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 194

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 194
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,876 million and $18,730 million, of which $14,011 million and $17,146 million had gross unrealized losses of $(2,795) million and $(2,370) million and had been in a loss position for 12 months or more at December 31, 2024 and 2023, respectively. Gross unrealized losses  at December 31, 2024 included $(119) million related to commercial mortgage-backed securities (CMBS) collateralized by pools of commercial mortgage loans on real estate, and $(52) million related to asset-backed securities. The majority of our CMBS and asset-backed securities in an unrealized loss position have received investment-grade credit ratings from the major rating agencies. The majority of our U.S. and non-U.S. corporate securities' gross unrealized losses were in the consumer, electric, technology and energy industries. For our securities in an unrealized loss position, the losses are not indicative of credit losses, we currently do not intend to sell the investments, and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis. For the years ended December 31202420232022Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV)$320 $6,413 $(42)Proceeds from debt/equity securities sales and early redemptions9,099 12,595 7,240 Gross realized gains on debt securities75 52 34 Gross realized losses on debt securities(66)(66)(42)Cash flows associated with purchases, dispositions and maturities of insurance investment securities are as follows:For the years ended December 3120242023Purchases of investment securities$(7,132)$(5,163)Dispositions and maturities of investment securities6,168 4,176 Net (purchases) dispositions of insurance investment securities$(963)$(986)Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at December 31, 2024 are as follows:Amortized costEstimated fair valueWithin one year$814 $814 After one year through five years4,003 4,065 After five years through ten years5,160 5,160 After ten years25,039 22,607 We expect actual maturities to differ from contractual maturities because borrowers have the right