Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 52

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 52
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 in the office sector, which had a weighted average loan-to-value ratio of 69%, debt service coverage of 1.7, and an insignificant amount of scheduled maturities through 2026. A summary of our insurance liabilities and annuity benefits is presented below.

March 31, 2025Long-term careStructured settlement annuitiesLifeOther contractsTotalFuture policy benefit reserves$24,721 $8,394 $1,004 $347 $34,467 Investment contracts— 702 — 603 1,304 Other— — 114 539 654 Total$24,721 $9,096 $1,118 $1,489 $36,424 

2025 1Q FORM 10-Q 23

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 The following tables summarize balances of and changes in future policy benefit reserves.March 31, 2025March 31, 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 assumptions14 — — 17 — — Effect of actual variances from expected experience2 — 12 6 — (2)Adjusted beginning of year balance4,007 — 4,427 3,769 — 4,771 Interest accrual 54 — 46 51 — 45 Net premiums collected(97)— (74)(98)— (70)Effect of foreign currency— — 26 — — (69)Ending balance at locked-in discount rate3,963 — 4,425 3,721 — 4,678 Effect of changes in discount rate assumptions176