Wall Street analysts said GE's 'more detailed' disclosure of insurance liabilities shows less risk than last year.
General Electric shares rose in premarket trading Wednesday after Wall Street analysts said the company's"more detailed" disclosure of insurance liabilities shows less risk than last year. The disclosure came in GE's annual report, filed Tuesday evening. GE Capital contributed $1.9 billion to GE's insurance subsidiaries in the first quarter of 2019, down from $3.5 billion in the first quarter of 2018.
" "The business has been one of the main areas of concern for investors regarding incremental capital requirements beyond already communicated $16 billion a year ago, with the positive news on only small incremental losses of $65 million in 4Q18 providing a relief rally for the stock," Obin said.
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