<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 September 25, 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 October 26,  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                     Nine months ended
                                                             ---------------------------------     ---------------------------------
(In millions)                                                Sept. 25, 1999     Sept. 26, 1998     Sept. 25, 1999     Sept. 26, 1998
                                                             --------------     --------------     --------------     --------------
<S>                                                               <C>                <C>                <C>                <C>

Revenues
Net premiums written                                            $1,787             $1,398             $5,368             $4,238
                                                                ======             ======             ======             ======

Net premiums earned                                             $1,622             $1,269             $5,018             $3,910
Net investment income                                              294                250                867                720
Net realized gains on investments                                  244                158                580                374
Other revenues                                                      93                 35                180                 96
                                                                ------             ------             ------             ------
Total revenues                                                   2,253              1,712              6,645              5,100
                                                                ------             ------             ------             ------

Costs and Expenses
Claims, claim expenses and policy benefits                       1,339                902              3,896              2,775
Insurance acquisition costs                                        391                329              1,247                991
Other operating costs and expenses                                 194                137                539                390
Minority interest in net earnings of
   consolidated subsidiaries                                        22                 21                 66                 64
                                                                ------             ------             ------             ------
Total costs and expenses                                         1,946              1,389              5,748              4,220
                                                                ------             ------             ------             ------

Earnings before income taxes                                       307                323                897                880


Provision for income taxes                                          87                 95                254                251
                                                                ------             ------             ------             ------

Net earnings                                                       220                228                643                629
Dividends on preferred stock                                        (1)                (2)                (5)                (6)
Retained earnings at beginning of period                         4,580              4,057              4,161              3,660
                                                                ------             ------             ------             ------

Retained earnings at end of period                              $4,799             $4,283             $4,799             $4,283
                                                                ======             ======             ======             ======
</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)                                                                               September 25, 1999     December 31, 1998
                                                                                            ------------------     -----------------
                                                                                               (Unaudited)
<S>                                                                                                 <C>                   <C>

Assets
Investments:
   Fixed maturity securities available-for-sale, at fair value                                   $17,858               $18,161
   Equity securities, at fair value                                                                3,028                 2,722
   Other invested assets                                                                           1,094                 1,104
                                                                                                 -------               -------
   Total investments                                                                              21,980                21,987

Cash                                                                                                 412                   258
Premiums receivable                                                                                3,028                 2,886
Other receivables                                                                                  1,404                 1,714
Reinsurance recoverables                                                                           6,025                 3,915
Deferred insurance acquisition costs                                                               1,638                 1,203
Other assets                                                                                       3,389                 3,084
                                                                                                 -------               -------

Total assets                                                                                     $37,876               $35,047
                                                                                                 =======               =======

Liabilities and equity
Claims and claim expenses                                                                        $17,721               $15,852
Accumulated contract values                                                                        2,076                 2,271
Future policy benefits for life and health contracts                                               2,092                 1,664
Unearned premiums                                                                                  2,627                 2,165
Other reinsurance balances                                                                         2,033                 1,487
Other liabilities                                                                                  3,346                 3,855
Long-term borrowings                                                                                 956                   557
                                                                                                 -------               -------
   Total liabilities                                                                              30,851                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                                       133                   932
   Accumulated foreign currency translation adjustments                                              (86)                  (73)
                                                                                                 -------               -------
   Total accumulated non-owner changes in equity                                                      47                   859

Preferred stock                                                                                      150                   150
Common stock                                                                                           5                     5
Paid-in capital                                                                                      845                   845
Retained earnings                                                                                  4,799                 4,161
                                                                                                 -------               -------
   Total stockholder's equity                                                                      5,846                 6,020
                                                                                                 -------               -------

Total liabilities and equity                                                                     $37,876               $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)


                                                                                                       Nine months ended
                                                                                           -----------------------------------------
(In millions)                                                                              September 25, 1999     September 26, 1998
                                                                                           ------------------     ------------------
<S>                                                                                                <C>                    <C>

Cash from operating activities                                                                  $   779                $   380
                                                                                                -------                -------

Cash Flows From Investing Activities
Fixed maturity securities available-for-sale:
   Purchases                                                                                     (7,403)                (3,479)
   Sales                                                                                          6,258                  2,816
   Maturities                                                                                       982                    590
Equity securities:
   Purchases                                                                                     (2,312)                (1,080)
   Sales                                                                                          2,224                  1,206
Net (purchases) sales of short-term investments                                                    (138)                    81
Cash paid for acquisitions and in force
   reinsurance transactions                                                                        (257)                  (143)
Other investing activities                                                                          153                   (111)
                                                                                                -------                -------
   Cash used for investing activities                                                              (493)                  (120)
                                                                                                -------                -------

Cash Flows From Financing Activities
Change in contract deposits                                                                          45                   (328)
Net contract accumulation receipts (payments)                                                      (175)                     6
Proceeds from short-term borrowings                                                                  90                    168
Principal payments on short-term borrowings                                                        (421)                     -
Proceeds from long-term borrowings                                                                  400                      -
Dividends paid                                                                                       (5)                    (6)
                                                                                                -------                -------
   Cash used for financing activities                                                               (66)                  (160)
                                                                                                -------                -------

Effect of exchange rate changes on cash                                                             (66)                   (41)
                                                                                                -------                -------

Increase in cash                                                                                    154                     59
Cash at beginning of period                                                                         258                    269
                                                                                                -------                -------
Cash at end of period                                                                           $   412                $   328
                                                                                                =======                =======
</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:


                                                   Nine months ended
                                       -----------------------------------------
    (In millions)                      September 25, 1999     September 26, 1998
                                       ------------------     ------------------

    Net earnings                             $ 643                  $629
    Net unrealized losses on
       investment securities                  (799)                  (43)
    Foreign currency translation
       adjustments                             (13)                  (73)
                                             -----                  ----
    Total                                    $(169)                 $513
                                             =====                  ====


                                       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:


                                                   Nine months ended
                                       -----------------------------------------
    (In millions)                      September 25, 1999     September 26, 1998
                                       ------------------     ------------------

    Revenues
    Property/Casualty                        $5,347                 $4,015
    Life                                      1,298                  1,085
                                             ------                 ------
    Total revenues                           $6,645                 $5,100
                                             ======                 ======

    Earnings before income taxes
    Property/Casualty                        $  695                 $  784
    Life                                        202                     96
                                             ------                 ------
    Total earnings before income taxes       $  897                 $  880
                                             ======                 ======


                                       5


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


Overview

Net earnings for the first nine months of 1999 was $643  million,  a $14 million
increase over the first nine months of 1998, reflecting increased net investment
income  and a higher  level of net  realized  gains on  investments,  offset  by
increased  frequency  and severity of  property-related  losses.  These  results
reflect nine 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  seven  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:


                                                   Nine months ended
                                       -----------------------------------------
(In millions)                          September 25, 1999     September 26, 1998
                                       ------------------     ------------------

Revenues
Property/Casualty                            $5,347                 $4,015
Life                                          1,298                  1,085
                                             ------                 ------
Total revenues                               $6,645                 $5,100
                                             ======                 ======

Earnings before income taxes
Property/Casualty                            $  695                 $  784
Life                                            202                     96
                                             ------                 ------
Total earnings before income taxes           $  897                 $  880
                                             ======                 ======

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 nine months
of 1999,  the P&C  combined  ratio was  108.9%,  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-related incurred losses. Earnings
before  income  taxes from P&C  operations  decreased  $89 million or 11% in the
first  nine  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 nine months of 1999, the life
operations generated revenues and earnings before income taxes of $1,298 million
and $202  million,  respectively,  compared to $1,085  million and $96  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  $1,130  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  $1,108  million  or  28%  in  1999,  primarily
attributable  to growth in various  product  lines,  including  new P&C business
associated with acquisitions.

Net  investment  income  increased  $147  million  or  20%  in  1999,  primarily
attributable to acquisitions.

Net  realized  gains  on  investments  increased  $206  million  or 55% in 1999,
primarily  attributable  to  capitalizing  on favorable  market  conditions  and
restructuring certain investment portfolios.

Other revenues increased $84 million or 88% 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  $1,121 million or 40% in
1999,  primarily  attributable  to the growth in net premiums  earned  discussed
above and the  higher  loss  ratio  caused by an  increase  in  property-related
incurred losses.

Insurance  acquisition  costs  increased  $256 million or 26% in 1999,  which is
comparable to the  corresponding  28% increase in net premiums earned  discussed
above.

Other  operating  costs and  expenses  increased  $149  million  or 38% in 1999,
primarily attributable to the operating costs associated with acquisitions.

Provision  for income  taxes was $254  million for the first nine months of 1999
(an  effective  tax rate of 28.3%),  compared to $251 million for the first nine
months of 1998 (an effective tax rate of 28.5%).  The slightly  lower  effective
tax rate in 1999  primarily  reflects a one-time  reduction in foreign  deferred
income taxes resulting from a tax reorganization completed in the second quarter
of 1999, substantially offset by increased taxes on foreign earnings as a result
of a reduction in foreign tax credit.


                                       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.  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,  has developed,  tested and is prepared to implement contingency plans
to minimize  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  management  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
minimize  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:  October 26, 1999     By:             /s/ ROBERT J. DELLINGER
                               -------------------------------------------------
                                              Robert J. Dellinger
                               Senior Vice President and Chief Financial Officer
                                         (Principal Financial Officer)


Date:  October 26, 1999     By:             /s/ WILLIAM J. STEILEN
                               -------------------------------------------------
                                              William J. Steilen
                                         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