Jeff Immelt Solutions Quotations

Over the last five years, the Insurance Solutions business has lost $700m and required the infusion of $3.2bn of capital.

We have estimated the losses at GE Insurance Solutions from the storm and its aftermath, and despite this impact, we are confident we will deliver on our commitment to shareholders and are reaffirming our earnings guidance for the third quarter and the year.

Insurance Solutions has been a tough strategic fit for GE,