Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 144

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 1
Chunk 144
---
 investments before recovery of their amortized cost basis.

2025 3Q FORM 10-Q 21

Three months ended September 30Nine months ended September 302025202420252024Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV)$9 $245 $19 $308 Proceeds from debt/equity securities sales and redemptions1,229 2,873 2,453 7,109 Gross realized gains on debt securities11 48 21 65 Gross realized losses and impairments on debt securities(12)(18)(29)(53)Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at September 30, 2025 are as follows:Amortized costEstimated fair valueWithin one year$748 $749 After one year through five years3,647 3,746 After five years through ten years5,383 5,595 After ten years24,296 22,550 We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.The majority of our non-current investment securities are classified within Level 2, as their valuation is determined based on significant observable inputs. Investments with a fair value of $4,298 million and $5,074 million, including the AerCap senior note, are classified within Level 3, as significant inputs to their valuation models are unobservable at September 30, 2025 and December 31, 2024, respectively. During the nine months ended September 30, 2025, $1,246 million was transferred out of Level 3 related to increases in the observability of external information used in determining fair value in our run-off insurance operations and primarily included certain investments in private placement U.S. and non-U.S. corporate debt securities. During the nine months ended September 30, 2025 there were no significant transfers into Level 3 and during the nine months ended September 30, 2024, there were no significant transfers into or out of Level 3.In addition to the equity securities described above, we held $2,090 million and $1,439 million of equity securities without RDFV including $1,760 million and $1,410 million within our run-off insurance operations at September 30, 2025 and December 31, 2024, respectively, that