GE takes one-off hit of $6.2 bn linked to insurance activities
General Electric
Paris - Muslimchronicle
General Electric said Tuesday it would book a one-off charge of $6.2 billion on its accounts for the fourth quarter of 2017, following a review of its insurance businesses.
"GE announced today that the comprehensive review and reserve testing for GE Capital's run-off insurance portfolio, North American Life & Health (NALH), will result in an after-tax charge of $6.2 billion for the fourth quarter of 2017," the group said in a statement.
Source: AFP
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