Goldman Sachs contrasts the bombshell GE fraud allegations, saying its insurance reserves 'compare favorably to peers'

While Harry Markopolos alleged GE lied about its insurance reserves, Goldman analysts found that its figures best Prudential's comparable metrics.

A Friday Goldman Sachs note contrasted with the controversial General Electric whistleblower report, saying the conglomerate's long-term care reserves"compare favorably to peers." Analyst Alex Scott compared GE's reserves to Prudential's block of individual policies, finding Prudential had about $66,000 reserves per life and GE held about $70,000 on the same metric.

A Friday Goldman Sachs note contrasted with the controversial General Electric whistleblower report, saying the conglomerate's long-term care reserves"compare favorably to peers." Analyst Alex Scott compared GE's reserves to Prudential's block of individual policies, finding Prudential had about $66,000 reserves per life and GE held about $70,000 on the same metric.

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