<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 March 27, 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 May 11,  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
                                                                                                   ---------------------------------
(In millions)                                                                                      March 27, 1999     March 28, 1998
                                                                                                   --------------     --------------
<S>                                                                                                     <C>                <C>    

Revenues
Net premiums written                                                                                  $1,840             $1,444   
                                                                                                      ======             ====== 

Net premiums earned                                                                                   $1,674             $1,207
Net investment income                                                                                    278                236
Net realized gains on investments                                                                        170                124
Other revenues                                                                                            37                 28
                                                                                                      ------             ------
Total revenues                                                                                         2,159              1,595
                                                                                                      ------             ------

Costs and Expenses
Claims, claim expenses and policy benefits                                                             1,185                848
Insurance acquisition costs                                                                              428                308
Other operating costs and expenses                                                                       166                127
Minority interest in net earnings of
   consolidated subsidiaries                                                                              22                 21
                                                                                                      ------             ------
Total costs and expenses                                                                               1,801              1,304
                                                                                                      ------             ------

Earnings before income taxes                                                                             358                291
                                                                              

Provision for income taxes                                                                               109                 86
                                                                                                      ------             ------

Net earnings                                                                                             249                205
Dividends on preferred stock                                                                              (2)                (2)
Retained earnings at beginning of period                                                               4,161              3,660
                                                                                                      ------             ------
                                                                       
Retained earnings at end of period                                                                    $4,408             $3,863
                                                                                                      ======             ======
</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)                                                                                   March 27, 1999     December 31, 1998
                                                                                                --------------     -----------------
                                                                                                 (Unaudited)
<S>                                                                                                   <C>                 <C>    

Assets
Investments:
   Fixed maturity securities available-for-sale, at fair value                                     $18,444             $18,161 
   Equity securities, at fair value                                                                  3,030               2,722
   Other invested assets                                                                             1,168               1,104
                                                                                                   -------             -------
   Total investments                                                                                22,642              21,987

Cash                                                                                                   626                 258
Premiums receivable                                                                                  3,620               2,886
Other receivables                                                                                    1,437               1,714 
Reinsurance recoverables                                                                             4,890               3,915
Deferred insurance acquisition costs                                                                 1,298               1,203
Other assets                                                                                         3,175               3,084
                                                                                                   -------             -------

Total assets                                                                                       $37,688             $35,047
                                                                                                   =======             =======

Liabilities and equity
Claims and claim expenses                                                                          $17,270             $15,852 
Accumulated contract values                                                                          2,221               2,271
Future policy benefits for life and health contracts                                                 1,821               1,664
Unearned premiums                                                                                    2,400               2,165
Other reinsurance balances                                                                           1,942               1,487
Other liabilities                                                                                    3,756               3,855
Long-term borrowings                                                                                   955                 557
                                                                                                   -------             -------
   Total liabilities                                                                                30,365              27,851
                                                                                                   -------             -------

Minority interest in equity of consolidated subsidiaries                                             1,180               1,176
                                                                                                   -------             -------


Accumulated non-owner changes in equity:
   Accumulated unrealized gains on investment securities - net                                         832                 932
   Accumulated foreign currency translation adjustments                                                (97)                (73)
                                                                                                   -------             ------- 
   Total accumulated non-owner changes in equity                                                       735                 859

Preferred stock                                                                                        150                 150
Common stock                                                                                             5                   5 
Paid-in capital                                                                                        845                 845
Retained earnings                                                                                    4,408               4,161
                                                                                                   -------             -------
   Total stockholder's equity                                                                        6,143               6,020
                                                                                                   -------             -------

Total liabilities and equity                                                                       $37,688             $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)


                                                                                                          Three months ended     
                                                                                                   ---------------------------------
(In millions)                                                                                      March 27, 1999     March 28, 1998
                                                                                                   --------------     --------------
<S>                                                                                                      <C>               <C>   

Cash from operating activities                                                                        $   655             $ 146 
                                                                                                      -------             -----
 
Cash Flows From Investing Activities
Fixed maturity securities available-for-sale:
   Purchases                                                                                           (2,019)             (900)
   Sales                                                                                                1,800               766
   Maturities                                                                                             421               145
Equity securities:
   Purchases                                                                                             (601)             (325)
   Sales                                                                                                  450               388
Net (purchases) sales of short-term investments                                                           (79)              307
Cash paid for acquisitions and in force
   reinsurance transactions                                                                              (239)             (143)
Other investing activities                                                                                 22                 2
                                                                                                      -------             -----
   Cash from (used for) investing activities                                                             (245)              240
                                                                                                      -------             -----

Cash Flows From Financing Activities
Change in contract deposits                                                                                30              (324)
Net contract accumulation receipts (payments)                                                             (36)               20
Proceeds from short-term borrowings                                                                       112                51
Principal payments on short-term borrowings                                                              (498)                -
Proceeds from long-term borrowings                                                                        400                 -
Dividends paid                                                                                             (2)               (2)
                                                                                                      -------             -----
   Cash from (used for) financing activities                                                                6              (255)
                                                                                                      -------             -----

Effect of exchange rate changes on cash                                                                   (48)              (60)
                                                                                                      -------             -----

Increase in cash                                                                                          368                71
Cash at beginning of period                                                                               258               269
                                                                                                      -------             -----
Cash at end of period                                                                                 $   626             $ 340
                                                                                                      =======             =====
</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 issued SFAS 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.  The Company  expects to adopt the
    Statement on January 1, 2000.  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 effects 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:

         
                                                      Three months ended
                                               ---------------------------------
    (In millions)                              March 27, 1999     March 28, 1998
                                               --------------     --------------

    Net earnings                                   $ 249              $205 
    Unrealized gains (losses) on
       investment securities                        (100)              187
    Foreign currency translation 
       adjustments                                   (24)              (37)
                                                   -----              ----
    Total                                          $ 125              $355
                                                   =====              ====


                                       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:


                                                      Three months ended
                                               ---------------------------------
    (In millions)                              March 27, 1999     March 28, 1998
                                               --------------     --------------

    Revenues
    Property/Casualty                              $1,746             $1,236
    Life                                              413                359
                                                   ------             ------
    Total revenues                                 $2,159             $1,595
                                                   ======             ======

    Earnings before income taxes
    Property/Casualty                              $  304             $  254
    Life                                               54                 37
                                                   ------             ------
    Total earnings before income taxes             $  358             $  291
                                                   ======             ======


                                       5


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


Overview

Net earnings for the first three months of 1999 was $249 million,  a $44 million
increase over the first three months of 1998, reflecting increased  underwriting
profit as a result of growth in underwriting  origination volume,  increased net
investment  income due to continued  growth in the  investment  portfolios and a
higher level of net realized gains on investments.  These results reflect a full
quarter  of net  earnings  for the  Medical  Protective  Corporation  and Kemper
Reinsurance  Company  acquisitions  completed  in the fourth  quarter of 1998 in
addition  to  approximately  one  month  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:


                                                      Three months ended
                                               ---------------------------------
(In millions)                                  March 27, 1999     March 28, 1998
                                               --------------     --------------

Revenues
Property/Casualty                                  $1,746             $1,236
Life                                                  413                359
                                                   ------             ------
Total revenues                                     $2,159             $1,595
                                                   ======             ======

Earnings before income taxes
Property/Casualty                                  $  304             $  254
Life                                                   54                 37
                                                   ------             ------
Total earnings before income taxes                 $  358             $  291
                                                   ======             ======

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 three months
of 1999,  the P&C  combined  ratio was  100.9%  compared  to 101.3% for the same
period in 1998. The lower  combined  ratio in 1999 primarily  reflects a general
reduction  in  casualty  incurred  losses,  partially  offset by an  increase in
property  incurred  losses.  Earnings  before  income taxes from P&C  operations
increased  $50  million  or 20% in the first  three  months  of 1999,  primarily
attributable  to the  decrease  in  the  combined  ratio  and  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 three months of 1999, the life
operations  generated  revenues and earnings before income taxes of $413 million
and $54  million,  respectively,  compared  to  $359  million  and $37  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 realized gains on investments and other
revenues.


                                       6


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


Operating Results

Net  premiums  written  increased  $396  million  or  27%  in  1999,   primarily
attributable  to growth in various  product  lines,  including  new P&C business
associated with acquisitions.

Net  premiums  earned   increased  $467  million  or  39%  in  1999,   primarily
attributable  to growth in various  product  lines,  including  new P&C business
associated with acquisitions.

Net  investment  income  increased  $42  million  or  18%  in  1999,   primarily
attributable to acquisitions.

Net  realized  gains  on  investments  increased  $46  million  or 37% in  1999,
primarilty  attributable  to  restructuring  certain  investment  portfolios and
capitalizing on favorable market conditions.

Other revenues increased $9 million or 32% in 1999, primarily attributable to an
increase in revenues generated from investment-related life reinsurance products
and financial reinsurance transactions.

Claims,  claim  expenses and policy  benefits  increased  $337 million or 40% in
1999, which is relatively  consistent with the corresponding 39% increase in net
premiums earned discussed above.

Insurance  acquisition  costs  increased  $120 million or 39% in 1999,  which is
relatively consistent with the corresponding 39% increase in net premiums earned
discussed above.

Other  operating  costs  and  expenses  increased  $39  million  or 31% in 1999,
primarily attributable to the operating costs associated with acquisitions.

Provision  for income  taxes was $109 million for the first three months of 1999
(an  effective  tax rate of 30.5%),  compared to $86 million for the first three
months of 1998 (an effective tax rate of 29.6%).  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.


                                       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.  That  approach  includes a fourth and final phase - the control
phase - for the  completion,  testing  and  continued  monitoring  of Year  2000
readiness and the completion of necessary  contingency  plans.  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:  May 11, 1999         By:             /s/ ROBERT J. DELLINGER             
                               -------------------------------------------------
                                              Robert J. Dellinger
                               Senior Vice President and Chief Financial Officer
                                         (Principal Financial Officer)


Date:  May 11, 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