Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 53

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 53
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— (73)211 — (151)Balance, end of period$4,140 $— $4,352 $3,932 $— $4,527 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 assumptions(69)— — (7)— — Effect of actual variances from expected experience9 3 6 43 (29)(13)Adjusted beginning of year balance27,388 8,304 5,418 27,180 8,532 5,833 Interest accrual374 109 56 368 111 55 Benefit payments(351)(159)(98)(359)(159)(109)Effect of foreign currency— — 28 — — (73)Ending balance at locked-in discount rate27,411 8,254 5,404 27,190 8,484 5,707   Effect of changes in discount rate assumptions1,450 140 (47)2,465 425 (126)Balance, end of period$28,861 $8,394 $5,357 $29,654 $8,909 $5,581 Net future policy benefit reserves$24,721 $8,394 $1,004 $25,722 $8,909 $1,054 Less: Reinsurance recoverables, net of allowance for credit losses(170)— (197)(165)— (29)Net future policy benefit reserves, after reinsurance recoverables$24,551 $8,394 $807 $25,557 $8,909 $1,025 Weighted-average duration of liability (years)(a)11.510.25.212.410.85.3Weighted-average interest accretion rate5.6%5.4%5.3%5.6%5.4%5.2%Current discount rate5.6%5.5%5.0%5.2%5.2%5.0%Gross premiums or