GENERAL ELECTRIC CO
For the period ended Sep 30, 2026. Filed Oct 20, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 20, 2026
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Corporate
CORPORATE & OTHER. Corporate & Other revenue includes our run-off insurance operations revenue and the elimination of intercompany activities. Corporate & Other operating profit includes Corporate functions and operations costs, certain costs of our principal retirement plans, significant, higher-cost restructuring programs, separation costs, profit (loss) of our run-off insurance operations, U.S. tax equity profit (loss), transition services agreements, environmental health and safety (EHS) impacts and other costs, as well as certain amounts that are not included in operating segment results because they are excluded from measurement of their operating performance for internal and external purposes.
2026 3Q FORM 10-Q 7
| REVENUE AND OPERATING PROFIT (COST) | Three months ended September 30 | Nine months ended September 30 | ||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Insurance revenue (Note 12) | $833 | $875 | $2,326 | $2,681 |
| Eliminations and other | (526) | (466) | (1,585) | (1,300) |
| Corporate & Other revenue | $307 | $409 | $741 | $1,381 |
| Gains (losses) on purchases and sales of business interests | — | 3 | 24 | 3 |
| Gains (losses) on retained and sold ownership interests and other equity securities | 117 | 8 | (127) | 18 |
| Restructuring and other charges (Note 19) | 28 | (22) | (22) | (49) |
| Separation costs (Note 19) | (3) | (53) | (93) | (150) |
| Insurance profit (loss) (Note 12) | (210) | 361 | 91 | 714 |
| U.S. tax equity profit (loss) | (70) | (52) | (199) | (157) |
| Adjusted Corporate & Other operating costs (Non-GAAP) | (373) | (525) | (966) | (887) |
| Corporate & Other operating profit (cost) (GAAP) | $(511) | $(279) | $(1,291) | $(509) |
| Less: gains (losses), impairments, Insurance, and restructuring & other | (137) | 246 | (325) | 379 |
| Adjusted Corporate & Other operating costs (Non-GAAP) | $(373) | $(525) | $(966) | $(887) |
| Corporate & Other profit (costs) | (217) | (381) | (462) | (487) |
| Eliminations | (156) | (144) | (504) | (400) |
| Adjusted Corporate & Other operating costs (Non-GAAP) | $(373) | $(525) | $(966) | $(887) |
Adjusted Corporate & Other operating costs* excludes gains (losses) on purchases and sale of business interests, gains (losses) on retained and sold ownership interests and other equity securities, higher-cost restructuring programs, separation costs, our run-off insurance operations, and U.S. tax equity profit (loss). We believe that adjusting Corporate & Other costs to exclude the effects of items that are not closely associated with ongoing operations provides management and investors with a meaningful measure that increases the period-to-period comparability of our ongoing corporate costs.
For the three months ended, September 30, 2026, revenue decreased by $0.1 billion compared to the three months ended September 30, 2025, primarily due to lower run-off insurance operations revenue and higher intercompany eliminations. Corporate & Other operating cost increased by $0.2 billion due to $0.6 billion of higher insurance losses partially offset by $0.2 billion of lower Adjusted Corporate & Other operating costs,* $0.1 billion of higher gains on retained and sold ownership interests and other equity securities, and $0.1 billion of lower restructuring and separation costs.
Adjusted Corporate & Other operating costs* decreased by $0.2 billion due to lower functional costs and lower EHS costs.
For the nine months ended, September 30, 2026, revenue decreased by $0.6 billion compared to the nine months ended September 30, 2025, primarily due to lower run-off insurance operations revenue and higher intercompany eliminations. Corporate & Other operating cost increased by $0.8 billion, primarily due to $0.6 billion of lower run-off insurance operations profit, $0.1 billion of higher losses on retained and sold ownership interests and other equity securities, and $0.1 billion of higher Adjusted Corporate & Other operating costs*.
Adjusted Corporate & Other operating costs* increased by $0.1 billion due to higher intercompany profit eliminations.
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