Skip to main content

If you purchased shares between February 26, 2013 and January 12, 2018 and would like more information, please contact us.

On January 16, 2018, GE announced that “the comprehensive review and reserve testing for GECapital’s run-off insurance portfolio, North American Life & Health (NALH), will result in an after-tax GAAP charge of $6.2 billion for the fourth quarter of 2017.” GE further advised investors that “GE Capital expects to make statutory reserve contributions of ~$15 billion over seven years” and will suspend its dividend to GE for the “foreseeable future.” On this news, GE’s share price fell $1.43, or 7.62%, over the following two trading sessions, to close at $17.33 on January 17, 2018. GE’s practices regarding revenue recognition etc. are now under investigation by the SEC.