<PAGE>
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                 ---------------
                                    FORM 10-Q
                                 ---------------

           [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 26, 1999
                                                 -------------

                                       OR

           [] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                 For the transition period from ________to________

                                 ---------------
                         Commission file number 0-27394
                                 ---------------

                     GE Global Insurance Holding Corporation
              ------------------------------------------------------
              (Exact name of registrant as specified in its charter)

                Delaware                                  95-3435367
    (State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization)                  Identification No.)

   5200 Metcalf, Overland Park, Kansas                      66201
(Address of principal executive offices)                  (Zip Code)

                                 (913) 676-5200
              (Registrant's telephone number, including area code)


                                 ---------------

Indicate by check mark whether the  registrant(1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [x] No[ ]

At August 10, 1999, 1,000 shares of common stock with a par value of $5,000 were
outstanding.

REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(a) AND (b)
OF FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED  DISCLOSURE
FORMAT.


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS


                                                                                                                                Page
                                                                                                                                ----
<S>                                                                                                                             <C>

PART I - FINANCIAL INFORMATION.

Item 1.             Financial Statements......................................................................................    1

Item 2.             Management's Discussion and Analysis of Results of Operations.............................................    6

Exhibit 12.         Computation of Ratio of Earnings to Fixed Charges.........................................................    9


PART II - OTHER INFORMATION.

Item 6.             Exhibits and Reports on Form 8-K..........................................................................   10

Signatures.         ..........................................................................................................   11

Index to Exhibits.  ..........................................................................................................   12
</TABLE>


<PAGE>
                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

<TABLE>
<CAPTION>
                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

       Condensed, Consolidated Statement of Current and Retained Earnings

                                   (Unaudited)


                                                                       Three months ended                   Six months ended
                                                                 -------------------------------     -------------------------------
(In millions)                                                    June 26, 1999     June 27, 1998     June 26, 1999     June 27, 1998
                                                                 -------------     -------------     -------------     -------------
<S>                                                                   <C>               <C>               <C>               <C>

Revenues
Net premiums written                                                $1,741            $1,396            $3,581            $2,840
                                                                    ======            ======            ======            ======

Net premiums earned                                                 $1,722            $1,434            $3,396            $2,641
Net investment income                                                  295               234               573               470
Net realized gains on investments                                      166                92               336               216
Other revenues                                                          50                33                87                61
                                                                    ------            ------            ------            ------
Total revenues                                                       2,233             1,793             4,392             3,388
                                                                    ------            ------            ------            ------

Costs and Expenses
Claims, claim expenses and policy benefits                           1,372             1,025             2,557             1,873
Insurance acquisition costs                                            428               354               856               662
Other operating costs and expenses                                     179               126               345               253
Minority interest in net earnings of
   consolidated subsidiaries                                            22                22                44                43
                                                                    ------            ------            ------            ------
Total costs and expenses                                             2,001             1,527             3,802             2,831
                                                                    ------            ------            ------            ------

Earnings before income taxes                                           232               266               590               557


Provision for income taxes                                              58                70               167               156
                                                                    ------            ------            ------            ------

Net earnings                                                           174               196               423               401
Dividends on preferred stock                                            (2)               (2)               (4)               (4)
Retained earnings at beginning of period                             4,408             3,863             4,161             3,660
                                                                    ------            ------            ------            ------

Retained earnings at end of period                                  $4,580            $4,057            $4,580            $4,057
                                                                    ======            ======            ======            ======
</TABLE>


See Notes to Condensed, Consolidated Financial Statements.


                                        1


<PAGE>
Item 1.  Financial Statements (Continued).

<TABLE>
<CAPTION>
                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

             Condensed, Consolidated Statement of Financial Position


(In millions)                                                                                    June 26, 1999     December 31, 1998
                                                                                                 -------------     -----------------
                                                                                                  (Unaudited)
<S>                                                                                                   <C>                 <C>

Assets
Investments:
   Fixed maturity securities available-for-sale, at fair value                                     $18,048             $18,161
   Equity securities, at fair value                                                                  3,101               2,722
   Other invested assets                                                                               948               1,104
                                                                                                   -------             -------
   Total investments                                                                                22,097              21,987

Cash                                                                                                   297                 258
Premiums receivable                                                                                  2,963               2,886
Other receivables                                                                                    1,571               1,714
Reinsurance recoverables                                                                             4,896               3,915
Deferred insurance acquisition costs                                                                 1,370               1,203
Other assets                                                                                         3,222               3,084
                                                                                                   -------             -------

Total assets                                                                                       $36,416             $35,047
                                                                                                   =======             =======

Liabilities and equity
Claims and claim expenses                                                                          $16,887             $15,852
Accumulated contract values                                                                          2,181               2,271
Future policy benefits for life and health contracts                                                 1,766               1,664
Unearned premiums                                                                                    2,385               2,165
Other reinsurance balances                                                                           1,749               1,487
Other liabilities                                                                                    3,347               3,855
Long-term borrowings                                                                                   956                 557
                                                                                                   -------             -------
   Total liabilities                                                                                29,271              27,851
                                                                                                   -------             -------

Minority interest in equity of consolidated subsidiaries                                             1,179               1,176
                                                                                                   -------             -------


Accumulated non-owner changes in equity:
   Accumulated unrealized gains on investment securities - net                                         497                 932
   Accumulated foreign currency translation adjustments                                               (111)                (73)
                                                                                                   -------             -------
   Total accumulated non-owner changes in equity                                                       386                 859

Preferred stock                                                                                        150                 150
Common stock                                                                                             5                   5
Paid-in capital                                                                                        845                 845
Retained earnings                                                                                    4,580               4,161
                                                                                                   -------             -------
   Total stockholder's equity                                                                        5,966               6,020
                                                                                                   -------             -------

Total liabilities and equity                                                                       $36,416             $35,047
                                                                                                   =======             =======
</TABLE>


See Notes to Condensed, Consolidated Financial Statements.


                                        2


<PAGE>
Item 1.  Financial Statements (Continued).

<TABLE>
<CAPTION>
                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                 Condensed, Consolidated Statement of Cash Flows

                                   (Unaudited)


                                                                                                            Six months ended
                                                                                                     -------------------------------
(In millions)                                                                                        June 26, 1999     June 27, 1998
                                                                                                     -------------     -------------
<S>                                                                                                       <C>               <C>

Cash from operating activities                                                                         $   401           $   218
                                                                                                       -------           -------

Cash Flows From Investing Activities
Fixed maturity securities available-for-sale:
   Purchases                                                                                            (4,206)           (2,178)
   Sales                                                                                                 3,606             1,720
   Maturities                                                                                              515               379
Equity securities:
   Purchases                                                                                            (1,142)             (585)
   Sales                                                                                                 1,038               676
Net sales of short-term investments                                                                         89               251
Cash paid for acquisitions and in force
   reinsurance transactions                                                                               (239)             (143)
Other investing activities                                                                                  69                (9)
                                                                                                       -------           -------
   Cash from (used for) investing activities                                                              (270)              111
                                                                                                       -------           -------

Cash Flows From Financing Activities
Change in contract deposits                                                                                 45              (367)
Net contract accumulation payments                                                                         (68)              (10)
Proceeds from short-term borrowings                                                                         59                15
Principal payments on short-term borrowings                                                               (422)                -
Proceeds from long-term borrowings                                                                         400                 -
Dividends paid                                                                                              (4)               (4)
                                                                                                       -------           -------
   Cash from (used for) financing activities                                                                10              (366)
                                                                                                       -------           -------

Effect of exchange rate changes on cash                                                                   (102)               28
                                                                                                       -------           -------

Increase (decrease) in cash                                                                                 39                (9)
Cash at beginning of period                                                                                258               269
                                                                                                       -------           -------
Cash at end of period                                                                                  $   297           $   260
                                                                                                       =======           =======
</TABLE>


See Notes to Condensed, Consolidated Financial Statements.


                                        3


<PAGE>
Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

              Notes to Condensed, Consolidated Financial Statements

                                   (Unaudited)


1.  The accompanying  condensed,  consolidated quarterly financial statements of
    GE Global Insurance Holding  Corporation ("GE Global Insurance") include the
    accounts  and  operations,  after  intercompany  eliminations,  of GE Global
    Insurance  and  its   wholly-owned   subsidiaries,   Employers   Reinsurance
    Corporation  and GE Reinsurance  Corporation  (formerly  Kemper  Reinsurance
    Company).  GE  Global  Insurance  and  its  consolidated   subsidiaries  are
    collectively referred to as "the Company."

2.  The condensed,  consolidated  quarterly financial  statements are unaudited.
    These  statements  include all adjustments  (consisting of normal  recurring
    accruals)  considered necessary by management to present a fair statement of
    the results of operations,  financial  position and cash flows.  The results
    reported in these condensed,  consolidated  quarterly  financial  statements
    should not be  regarded as  necessarily  indicative  of results  that may be
    expected for the entire year.

3.  In June 1998,  the Financial  Accounting  Standards  Board  ("FASB")  issued
    Statement  of  Financial   Accounting  Standards  No.  133,  Accounting  for
    Derivative  Instruments  and  Hedging  Activities  (the  "Statement").   The
    Statement   requires  that,  upon  adoption,   all  derivative   instruments
    (including  certain derivative  instruments  embedded in other contracts) be
    recognized in the balance sheet at fair value, and that changes in such fair
    values be recognized in earnings unless specific  hedging  criteria are met.
    Changes in the values of derivatives  that meet these hedging  criteria will
    ultimately  offset related earnings effects of the hedged items;  effects of
    certain changes in fair value are recorded in equity pending  recognition in
    earnings.  In June 1999, the FASB delayed the required effective date of the
    new standard to January 1, 2001.  The impact of adoption  will be determined
    by several factors,  including the specific hedging instruments in place and
    their   relationships  to  hedged  items,  as  well  as  market  conditions.
    Management has not estimated the effect of adoption as it believes that such
    determination will not be meaningful until closer to the adoption date.

4.  Changes  in   stockholder's   equity  that  did  not  result  directly  from
    transactions with the share owner were as follows:


                                                        Six months ended
                                                 -------------------------------
    (In millions)                                June 26, 1999     June 27, 1998
                                                 -------------     -------------

    Net earnings                                    $ 423              $401
    Unrealized gains (losses) on
       investment securities                         (435)              174
    Foreign currency translation
       adjustments                                    (38)               (9)
                                                    -----              ----
    Total                                           $ (50)             $566
                                                    =====              ====


                                       4


<PAGE>
Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)


5.  The Company's operating segment activity is summarized as follows:


                                                        Six months ended
                                                 -------------------------------
    (In millions)                                June 26, 1999     June 27, 1998
                                                 -------------     -------------

    Revenues
    Property/Casualty                               $3,585            $2,669
    Life                                               807               719
                                                    ------            ------
    Total revenues                                  $4,392            $3,388
                                                    ======            ======

    Earnings before income taxes
    Property/Casualty                               $  479            $  489
    Life                                               111                68
                                                    ------            ------
    Total earnings before income taxes              $  590            $  557
                                                    ======            ======


                                       5


<PAGE>
Item 2.  Management's Discussion and Analysis of Results of Operations.


Overview

Net  earnings for the first six months of 1999 was $423  million,  a $22 million
increase over the first six months of 1998,  reflecting increased net investment
income due to continued  growth in the investment  portfolios and a higher level
of net realized gains on investments, offset by increased frequency and severity
of property  losses.  These  results  reflect six months of net earnings for the
Medical  Protective  Corporation  and Kemper  Reinsurance  Company  acquisitions
completed in the fourth quarter of 1998 in addition to approximately four months
of net  earnings  for the Eagle Star  Reinsurance  Company  Limited  acquisition
completed on March 4, 1999.

The   Company's   two   business   segments   are  (1)   property  and  casualty
insurance/reinsurance  ("P&C") and (2) life  reinsurance.  Business is conducted
throughout the world utilizing the Company's network of local offices.  Although
the  weakening  and  strengthening  of the U.S.  dollar  during  1999 and  1998,
respectively,  had a  slight  impact  on  the  individual  revenue  and  expense
categories,  the  overall  impact  on net  earnings  was  not  significant.  The
Company's operating segment activity is summarized as follows:


                                                        Six months ended
                                                 -------------------------------
(In millions)                                    June 26, 1999     June 27, 1998
                                                 -------------     -------------

Revenues
Property/Casualty                                   $3,585            $2,669
Life                                                   807               719
                                                    ------            ------
Total revenues                                      $4,392            $3,388
                                                    ======            ======

Earnings before income taxes
Property/Casualty                                   $  479            $  489
Life                                                   111                68
                                                    ------            ------
Total earnings before income taxes                  $  590            $  557
                                                    ======            ======

Typically,  the underwriting performance of P&C business is measured in terms of
a combined ratio and earnings before income taxes. The combined ratio is the sum
of the loss ratio and the  underwriting  expense ratio. For the first six months
of 1999,  the P&C  combined  ratio was  106.1%, compared  to 100.0% for the same
period in 1998. The higher combined ratio in 1999 primarily reflects an increase
in both the frequency and severity of property incurred losses.  Earnings before
income taxes from P&C  operations  decreased  $10 million or 2% in the first six
months of 1999,  primarily  attributable  to the increase in the combined ratio,
offset  by  increases  in net  investment  income  and  net  realized  gains  on
investments.

The life reinsurance  segment typically  measures  performance based on revenues
and earnings before income taxes.  Revenues consist of net premiums earned,  net
investment  income,  net  realized  gains on  investments  and  other  revenues,
including fees generated from  investment-related  life reinsurance products and
financial reinsurance  transactions.  For the first six months of 1999, the life
operations  generated  revenues and earnings before income taxes of $807 million
and $111  million,  respectively,  compared  to $719  million  and $68  million,
respectively,  for the same period in 1998.  The  increase in both  revenues and
earnings  before  income  taxes   primarily   reflects  growth  in  underwriting
origination volume and increases in net investment income and net realized gains
on investments.


                                       6


<PAGE>
Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).


Operating Results

Net  premiums  written  increased  $741  million  or  26%  in  1999,   primarily
attributable  to growth in various  product  lines,  including  new P&C business
associated with acquisitions.

Net  premiums  earned   increased  $755  million  or  29%  in  1999,   primarily
attributable  to growth in various  product  lines,  including  new P&C business
associated with acquisitions.

Net  investment  income  increased  $103  million  or  22%  in  1999,  primarily
attributable to acquisitions.

Net  realized  gains  on  investments  increased  $120  million  or 56% in 1999,
primarily  attributable  to  capitalizing  on favorable  market  conditions  and
restructuring certain investment portfolios.

Other revenues increased $26 million or 43% in 1999,  primarily  attributable to
acquisitions and increases in revenues  generated from  investment-related  life
reinsurance products and financial reinsurance transactions.

Claims,  claim  expenses and policy  benefits  increased  $684 million or 37% in
1999,  primarily  attributable to the corresponding 29% increase in net premiums
earned  discussed  above and the higher  loss  ratio  caused by an  increase  in
property incurred losses.

Insurance  acquisition  costs  increased  $194 million or 29% in 1999,  which is
consistent with the  corresponding 29% increase in net premiums earned discussed
above.

Other  operating  costs  and  expenses  increased  $93  million  or 31% in 1999,
primarily attributable to the operating costs associated with acquisitions.

Provision for income taxes was $167 million for the first six months of 1999 (an
effective tax rate of 28.3%),  compared to $156 million for the first six months
of 1998 (an effective tax rate of 28.0%). The slightly higher effective tax rate
in 1999 primarily  reflects increased taxes on foreign earnings as a result of a
reduction in foreign tax credit availability, substantially offset by a one-time
reduction in foreign  deferred income taxes resulting from a tax  reorganization
completed in the second quarter of 1999.


                                       7


<PAGE>
Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).


Other Matters

Year 2000

As  discussed  in the  Company's  Annual  Report on Form 10-K for the year ended
December 31, 1998, the Company,  in  conjunction  with GE Company and GE Capital
Services, is applying a Six Sigma quality approach to identify and mitigate Year
2000 issues in its information  systems,  products and services,  facilities and
suppliers, as well as to assess the extent to which Year 2000 issues will affect
its  customers.  Each business  within the GE Company  structure has a Year 2000
leader who oversees a multi-functional  project team responsible for remediation
and contingency planning,  applying a Six Sigma quality approach in four phases:
(1) define/measure- identify and inventory possible sources of Year 2000 issues;
(2)  analyze-  determine  the nature and extent of Year 2000  issues and develop
project plans to address those issues;  (3) improve-  execute  project plans and
perform a majority of the testing;  and (4) control- complete testing,  continue
monitoring readiness and complete necessary  contingency plans. As of the end of
June 1999, virtually all significant information systems, products and services,
facilities  and  suppliers  were in the  control  phase.  As a final step in the
control  phase,  the  Company,  in  conjunction  with GE Company  and GE Capital
Services,  is  developing,   testing  and  implementing   contingency  plans  to
ameliorate any potential  internal or external  disruption of critical  business
processes.  The specific  actions  identified in such  contingency  plans differ
depending  on  circumstances,   but  most  often  include  manual  work-arounds,
deployment of backup or secondary  technologies,  rearranging work schedules and
substitution  of suppliers,  as  appropriate.  While the Company does not expect
significant  disruptions of critical business  processes caused by internal Year
2000 issues, the likelihood of externally-caused  disruptions and the ability of
the  contingency  plans to ameliorate the effects of any such  externally-caused
disruptions is not determinable.  The total estimate of Year 2000  expenditures,
adjusted for increases related to acquired  companies,  is in line with previous
projections.  The activities  related to Year 2000 efforts  necessarily  involve
estimates and  projections  of activities and resources that will be required in
the future. These estimates and projections could change as work progresses.


                                       8


<PAGE>
                          PART II - OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K.

a.  Exhibits.

       Exhibit 12.  Computation of ratio of earnings to fixed charges.

       Exhibit 27.  Financial Data Schedule (filed electronically only).

b.  Reports on Form 8-K.

       None.


                                       10


<PAGE>
                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                  GE GLOBAL INSURANCE HOLDING CORPORATION
                            ----------------------------------------------------
                                                (Registrant)



Date:  August 10, 1999      By:             /s/ ROBERT J. DELLINGER
                               -------------------------------------------------
                                              Robert J. Dellinger
                               Senior Vice President and Chief Financial Officer
                                         (Principal Financial Officer)


Date:  August 10, 1999      By:              /s/ TAMMIE A. WAHAUS
                               -------------------------------------------------
                                               Tammie A. Wahaus
                                     Second Vice President and Controller
                                        (Principal Accounting Officer)


                                       11


<PAGE>
                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                                Index to Exhibits


Exhibit No.                                                                 Page
-----------                                                                 ----

    12       Computation of ratio of earnings to fixed charges............   9

    27       Financial Data Schedule (filed electronically only)


                                       12