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General Electric GE Life — Beginning balance at locked-in discount rate

Other product segments

Long-term care
$27.97B+1.6%
Structured settlement annuities
$7.93B-3.2%

Similar metrics at other companies

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HMNExperience life — Beginning balance at original discount rate
$757.1M-2.5%
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HMNTerm Life — Beginning balance at original discount rate
$432.5M-1.1%
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HMNWhole Life — Beginning balance at original discount rate
$615.8M-0.4%
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HMNSPIA (life contingent) — Beginning balance at original discount rate
$101.7M-4.1%
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HMNLimited-Pay Whole Life — Beginning balance at original discount rate
$118.5M+3.0%
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HMNSupplemental health — Beginning balance at original discount rate
$463.9M-3.4%

Other financials

Income statement

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Revenue$13.3B+21.1%
Gross profit$4.1B+26.6%
Net income$2.4B+16.9%
EPS (diluted)$2.26+19.6%

Balance sheet

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Cash & equivalents$9.3B-14.0%
Total debt$17.4B+0.8%
Total equity$17.6B-7.8%
Total assets$127.67B+1.9%

Cash flow

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Operating cash flow$3.2B+42.3%
CapEx$335.0M+2.4%
Free cash flow$2.9B+49.0%

Valuation

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Market cap$368.38B+28.1%
Enterprise value$376.48B+28.1%
P/E41.1×+4.0×
P/S7.3×+0.4×

Profitability

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Gross margin37.2%+2.1pp
Net margin17.7%-0.9pp
FCF margin16.6%+3.4pp

Returns & leverage

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Return on equity48.8%+7.7pp
Debt / equity+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by General Electric in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance.

The official record: General Electric’s 10-Q, filed July 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Electric's life — beginning balance at locked-in discount rate?
General Electric (GE) reported life — beginning balance at locked-in discount rate of $2.48B in Q2 2026.
How has General Electric's life — beginning balance at locked-in discount rate changed year-over-year?
General Electric's life — beginning balance at locked-in discount rate decreased by 54.5% year-over-year, from $5.46B to $2.48B.
What is the long-term trend for General Electric's life — beginning balance at locked-in discount rate?
Over 3 years (2022 to 2025), General Electric's life — beginning balance at locked-in discount rate has grown at a -13.5% compound annual growth rate (CAGR), from $25.48B to $16.48B.
What does life — beginning balance at locked-in discount rate mean?
This metric tracks the opening valuation of insurance liabilities calculated using the discount rate established at the inception of the policy contracts. By maintaining a locked-in rate, the company can isolate the impact of cash flow assumption changes from the volatility of market interest rates. It serves as the foundational anchor for rolling forward the liability balance each period.