What is the long-term trend for General Electric's insurance liabilities and annuity benefits?

Over 2 years (2020 to 2022), General Electric's insurance liabilities and annuity benefits has grown at a -75.4% compound annual growth rate (CAGR), from $55.95B to -$3.39B.

General Electric GE Insurance Liabilities and Annuity Benefits

Discontinued — last reported Q4 '22

Insurance Liabilities and Annuity Benefits at other companies

General DynamicsGD

$215M-3.6%

Segments

By product

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Long-term care$25.47B+1.7%

Structured settlement annuities$8.77B-3.2%

Other contracts$979M-35.8%

Life$977M-11.5%

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 / equity1×+0.1×

Current ratio1×-0.1×

Where this comes from

Reported directly by General Electric in its filing.

Tagged under the XBRL concept ge:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustment.

The official record: General Electric’s 10-K, filed February 10, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Electric's insurance liabilities and annuity benefits?: General Electric (GE) reported insurance liabilities and annuity benefits of -$3.39B in Q4 2022.
How has General Electric's insurance liabilities and annuity benefits changed year-over-year?: General Electric's insurance liabilities and annuity benefits decreased by 1282.6% year-over-year, from $287M to -$3.39B.
What is the long-term trend for General Electric's insurance liabilities and annuity benefits?: Over 2 years (2020 to 2022), General Electric's insurance liabilities and annuity benefits has grown at a -75.4% compound annual growth rate (CAGR), from $55.95B to -$3.39B.