GE · 10-Q · 2026Q2 · Full report

Variable Interest Entities (VIE) and Investment Commitments

GENERAL ELECTRIC CO · 2026-07-16 · Importance 61 · Surprise 32

GE reports investments in unconsolidated variable interest entities (VIEs) of $8,966 million as of June 30, 2026 (compared with $8,976 million at December 31, 2025), with $1,129 million in a U.S. tax equity portfolio and $7,619 million in run‑off insurance operations. The company had total investment commitments of $4,209 million as of June 30, 2026, including obligations to make investments in unconsolidated VIEs of $4,043 million. GE notes certain consolidated VIEs are primarily associated with a legacy business in Corporate & Other and indicates its maximum exposure to loss with respect to unconsolidated VIEs is increased by its commitments to make additional investments in these entities. These sizable investment commitments and VIE exposures are material to GE's liquidity and risk profile given the absolute dollar levels disclosed.

Key facts

• Our investments in unconsolidated VIEs were $8,966 million as of June 30, 2026 and $8,976 million as of December 31, 2025. source
• Of unconsolidated VIE investments, $1,129 million and $1,114 million were in the U.S. tax equity portfolio as of June 30, 2026 and December 31, 2025, respectively. source
• Of unconsolidated VIE investments, $7,619 million and $7,660 million were in run-off insurance operations as of June 30, 2026 and December 31, 2025, respectively. source