Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 117

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 117
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 fourth quarter of 2025, with a fair value of $1,000 million and $982 million at March 31, 2025 and December 31, 2024, respectively.

Substantially all of our non-current investment securities are held within our run-off insurance operations and are classified as non-current as they support the long-duration insurance liabilities and include debt securities all classified as available-for-sale, substantially all of which are investment-grade.

2025 1Q FORM 10-Q 19

March 31, 2025December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value DebtU.S. corporate$28,222 $662 $(2,206)$26,678 $28,456 $546 $(2,309)$26,692 Non-U.S. corporate2,920 28 (285)2,663 2,970 23 (302)2,691 State and municipal2,356 38 (203)2,192 2,409 22 (235)2,196 Mortgage and asset-backed5,258 70 (157)5,172 5,007 47 (183)4,870 Government and agencies1,178 6 (108)1,075 1,180 4 (118)1,066 Other equity229 — — 229 225 — — 225 Non-current investment securities$40,163 $804 $(2,958)$38,010 $40,248 $641 $(3,148)$37,741 The amortized cost of debt securities excludes accrued interest of $507 million and $473 million at March 31, 2025 and December 31, 2024, respectively, which is reported in All other current assets.The estimated fair value of investment securities at March 31, 2025 increased since December 31, 2024, primarily due to lower market  yields partially offset by net proceeds from debt/equity securities sales and early redemptions, both from our run-off insurance operations.Total estimated fair value of debt securities in an unrealized loss position were $20,859 million and $21,876 million, of which $13,913 million and $