General Electric GE Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Commercial Engines & Services | $33B+22.8% | $26.88B+12.7% | $23.86B+26.8% | $18.81B— | |
| Defense & Propulsion Technologies | $10.93B+15.3% | $9.48B+5.8% | $8.96B+12.2% | $7.99B— | |
| Cost of revenue by Business | |||||
| Commercial Engines & Services | $21.72B+22.7% | $17.7B+6.8% | $16.58B+24.4% | $13.33B— | |
| Defense & Propulsion Technologies | $8.24B+13.8% | $7.24B+4.4% | $6.93B+16.0% | $5.97B— | |
| Other segment expenses (income) by Business | |||||
| Commercial Engines & Services | -$682M-24.5% | -$548M-13.2% | -$484M-41.5% | -$342M— | |
| Defense & Propulsion Technologies | -$47M+36.5% | -$74M-60.9% | -$46M-17.9% | -$39M— | |
| Gross profit (loss) by Business | |||||
| Commercial Engines & Services | $8.85B+25.5% | $7.06B+25.0% | $5.64B+35.5% | $4.16B— | |
| Defense & Propulsion Technologies | $1.33B+24.9% | $1.06B+16.9% | $908M-7.0% | $976M— | |
| Costs and Expenses by Business | |||||
| Commercial Engines & Services | $24.15B+21.8% | $19.83B+8.9% | $18.21B+24.3% | $14.65B— | |
| Defense & Propulsion Technologies | $9.6B+14.1% | $8.42B+4.5% | $8.05B+14.8% | $7.01B— | |
| Equity method income by Business | |||||
| Commercial Engines & Services | $376M+24.9% | $301M+9.1% | $276M+98.6% | $139M— | |
| Defense & Propulsion Technologies | -$2M-125% | $8M0.0% | $8M0.0% | $8M— | |
| Selling, general and administrative expenses by Business | |||||
| Commercial Engines & Services | $1.83B+9.2% | $1.68B+21.1% | $1.39B+23.9% | $1.12B— | |
| Defense & Propulsion Technologies | $1.1B+15.7% | $954M+6.8% | $893M+10.2% | $810M— | |
| R&D by Business | |||||
| Commercial Engines & Services | $1.28B+29.3% | $993M+34.9% | $736M+35.5% | $543M— | |
| Defense & Propulsion Technologies | $308M+2.3% | $301M+8.7% | $277M+2.2% | $271M— | |
| Goodwill by Business | |||||
| Commercial Engines & Services | $26.24B— | —— | —— | —— | |
| Defense & Propulsion Technologies | $9.57B— | —— | —— | —— | |
| Property, Plant and Equipment, Additions by Business | |||||
| Commercial Engines & Services | $498M+15.5% | $431M+25.7% | $343M+114% | $160M— | |
| Defense & Propulsion Technologies | $184M+36.3% | $135M-6.9% | $145M-2.7% | $149M— | |
| Goodwill acquisition by Business | |||||
| Commercial Engines & Services | $0— | —— | —— | —— | |
| Defense & Propulsion Technologies | $148M— | —— | —— | —— | |
| Depreciation and amortization of property, plant and equipment (Note 6) by Business | |||||
| Commercial Engines & Services | $463M+24.8% | $371M+4.2% | $356M-1.7% | $362M— | |
| Defense & Propulsion Technologies | $154M+2.7% | $150M+2.0% | $147M+2.1% | $144M— | |
| Goodwill adjustments by Business | |||||
| Commercial Engines & Services | $303M— | —— | $86M— | —— | |
| Defense & Propulsion Technologies | $72M— | —— | $26M— | —— | |
| Gross premiums or assessments recognized during period by Product | |||||
| Life | $306M-13.3% | $353M-2.8% | $363M-12.5% | $415M-7.4% | |
| Long-term care | $463M-3.3% | $479M-3.4% | $496M+1.2% | $490M+0.6% | |
| Structured settlement annuities | $0— | $0— | —— | —— | |
| Cost of revenue by Product | |||||
| Equipment | $12.38B+19.7% | $10.34B-22.7% | $13.39B— | —— | |
| Services | $16.59B+18.7% | $13.97B-8.6% | $15.28B— | —— | |
| Other by Product | |||||
| Life | $451M-2.6% | $463M-27.9% | $642M— | —— | |
| Long-term care | $0— | $0— | $0— | —— | |
| Other contracts | $1.61B+44.9% | $1.11B-13.4% | $1.28B— | —— | |
| Structured settlement annuities | $0— | $0— | $0— | —— | |
| Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected by Product | |||||
| Life | $292M-5.5% | $309M-1.9% | $315M-11.8% | $357M-8.9% | |
| Long-term care | $408M+1.2% | $403M+2.3% | $394M-5.5% | $417M-7.9% | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change by Product | |||||
| Life | $12.76B-28.6% | $17.89B-6.2% | $19.07B-7.4% | $20.6B— | |
| Long-term care | $17.1B+5.6% | $16.2B-0.2% | $16.23B-7.7% | $17.58B— | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Liability for Future Policy Benefit, after Reinsurance by Product | |||||
| Life | $3.11B-22.7% | $4.02B-0.2% | $4.03B-0.5% | $4.04B— | |
| Long-term care | $100.72B-1.1% | $101.84B0.0% | $101.89B+10.4% | $92.32B— | |
| Structured settlement annuities | $33.63B-4.3% | $35.13B-3.7% | $36.46B-4.3% | $38.09B— | |
| Expected future gross premiums, undiscounted by Product | |||||
| Life | $30.5B-35.5% | $47.32B-8.9% | $51.93B-8.1% | $56.5B— | |
| Long-term care | $29.8B+0.4% | $29.69B-3.1% | $30.63B-4.4% | $32.03B— | |
| Structured settlement annuities | $0— | $0— | —— | —— | |
| Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Cash Flow and Reinsurance by Product | |||||
| Life | $12.73B-30.6% | $18.34B-7.6% | $19.85B-6.6% | $21.26B— | |
| Long-term care | $16.14B+5.4% | $15.31B-0.2% | $15.34B-6.7% | $16.44B— | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Expected future benefit payments, undiscounted by Product | |||||
| Life | $29.96B-30.1% | $42.87B-6.9% | $46.07B-6.2% | $49.1B— | |
| Long-term care | $245.69B-1.7% | $249.96B-2.4% | $256.06B-3.4% | $264.94B— | |
| Structured settlement annuities | $72.45B-3.9% | $75.39B-3.5% | $78.12B-3.4% | $80.85B— | |
| Expected future gross premiums, discounted by Product | |||||
| Life | $14.94B-30.7% | $21.55B-7.0% | $23.17B-8.8% | $25.42B— | |
| Long-term care | $19.08B-0.3% | $19.14B-2.6% | $19.65B-4.1% | $20.49B— | |
| Structured settlement annuities | $0— | $0— | —— | —— | |
| Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance by Product | |||||
| Life | $775M+525% | $124M-23.9% | $163M-44.6% | $294M— | |
| Long-term care | $646M-4.2% | $674M-2.2% | $689M-94.3% | $12.09B— | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Discounted, before Reinsurance by Product | |||||
| Life | $16.64B-24.4% | $22.03B-5.3% | $23.26B-6.7% | $24.94B— | |
| Long-term care | $118.46B-0.2% | $118.71B-0.1% | $118.8B-2.6% | $121.99B— | |
| Structured settlement annuities | $33.63B-4.3% | $35.13B-3.7% | $36.46B-4.3% | $38.09B— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product | |||||
| Life | $16.64B-24.4% | $22.03B-5.3% | $23.26B-6.7% | $24.94B— | |
| Long-term care | $118.46B-0.2% | $118.71B-0.1% | $118.8B-2.6% | $121.99B— | |
| Structured settlement annuities | $33.63B-4.3% | $35.13B-3.7% | $36.46B-4.3% | $38.09B— | |
| Weighted-average interest accretion rate by Product | |||||
| Life | 21.2%+0.6pp | 20.6%+0.5pp | 20.1%+0.2pp | 19.9%— | |
| Long-term care | 22.4%0.0pp | 22.4%+0.4pp | 22%0.0pp | 22%— | |
| Structured settlement annuities | 21.6%0.0pp | 21.6%0.0pp | 21.6%0.0pp | 21.6%— | |
| Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense by Product | |||||
| Life | $4.33B-6.0% | $4.6B-4.7% | $4.83B— | —— | |
| Long-term care | $101.37B-1.1% | $102.51B-0.1% | $102.58B+14.9% | $89.28B-9.8% | |
| Other contracts | $5.2B-1.2% | $5.26B-12.5% | $6.01B-13.5% | $6.95B-11.3% | |
| Structured settlement annuities | $36.33B-4.7% | $38.13B-4.1% | $39.75B— | —— | |
| Future policy benefit reserves by Product | |||||
| Life | $3.88B-6.3% | $4.14B-1.1% | $4.19B-3.5% | $4.34B— | |
| Long-term care | $101.37B-1.1% | $102.51B-0.1% | $102.58B-1.8% | $104.41B+21.7% | |
| Other contracts | $1.4B-4.3% | $1.46B-10.5% | $1.63B+62.5% | $1B-4.2% | |
| Structured settlement annuities | $33.63B-4.3% | $35.13B-3.7% | $36.46B-4.3% | $38.09B— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | |||||
| Life | $392M-8.8% | $430M-15.4% | $508M-4.3% | $531M-16.8% | |
| Long-term care | $1.52B+5.3% | $1.44B+12.9% | $1.28B+10.9% | $1.15B+8.9% | |
| Structured settlement annuities | $664M0.0% | $664M-3.3% | $687M+2.4% | $671M-1.0% | |
| Investment contracts by Product | |||||
| Life | $0— | $0— | $0— | —— | |
| Long-term care | $0— | $0— | $0— | $0— | |
| Other contracts | $2.19B-18.7% | $2.69B-13.1% | $3.1B-15.5% | $3.67B-5.1% | |
| Structured settlement annuities | $2.7B-9.9% | $3B-8.6% | $3.28B— | —— | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | |||||
| Life | -$162M-147% | $342M-51.3% | $702M+29.3% | $543M— | |
| Long-term care | -$7.64B+17.8% | -$9.3B+10.4% | -$10.37B+20.9% | -$13.12B— | |
| Structured settlement annuities | -$1.03B+33.1% | -$1.54B+17.2% | -$1.86B+26.8% | -$2.54B— | |
| Interest accrual by Product | |||||
| Life | $204M-6.4% | $218M-6.0% | $232M-4.5% | $243M-2.0% | |
| Long-term care | $1.51B+1.8% | $1.49B+2.1% | $1.45B+0.6% | $1.45B+0.8% | |
| Structured settlement annuities | $429M-2.7% | $441M-2.9% | $454M-3.6% | $471M-4.1% | |
| Beginning balance at locked-in discount rate by Product | |||||
| Life | $16.48B-26.3% | $22.37B-6.6% | $23.96B-6.0% | $25.48B— | |
| Long-term care | $110.82B+1.3% | $109.41B+0.9% | $108.43B-0.4% | $108.87B— | |
| Structured settlement annuities | $32.6B-3.0% | $33.59B-2.9% | $34.61B-2.6% | $35.55B— | |
| Current discount rate by Product | |||||
| Life | 19.7%-0.1pp | 19.8%-0.3pp | 20.1%+0.6pp | 19.5%— | |
| Long-term care | 21.7%+0.5pp | 21.2%+0.4pp | 20.8%+0.5pp | 20.3%— | |
| Structured settlement annuities | 21.6%+0.6pp | 21%+0.4pp | 20.6%+0.5pp | 20.1%— | |
| Effect of changes in discount rate assumptions by Product | |||||
| Life | $29M+106% | -$455M+41.7% | -$781M-18.5% | -$659M— | |
| Long-term care | $952M+7.7% | $884M+0.3% | $881M-22.5% | $1.14B— | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Effect of foreign currency by Product | |||||
| Long-term care | $0— | $0— | $0— | $0— | |
| Structured settlement annuities | $0— | $0— | $0— | $0— | |
| Revenue by Geography | |||||
| Asia | $10.82B+49.5% | $7.24B+26.2% | $5.73B— | —— | |
| Europe | $8.6B+10.3% | $7.8B+7.6% | $7.25B+44.1% | $5.03B-55.3% | |
| Middle East and Africa | $4.58B+22.5% | $3.73B+9.9% | $3.4B+31.0% | $2.59B-58.6% | |
| Non Us | $27.66B+29.5% | $21.36B+17.1% | $18.24B+34.1% | $13.6B-55.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does General Electric break its business down?
- General Electric (GE) reports revenue by business across 2 parts — Commercial Engines & Services and Defense & Propulsion Technologies. Each is extracted from the segment footnotes and tracked over time.
- Where does General Electric's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in General Electric's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
