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GE Financial Reports Higher 3Q Operating Profit

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NU Online News Service, Oct. 11, 12:30 p.m. – General Electric Company, Fairfield, Conn., is reporting $4.2 billion in net income for the third quarter on $33 billion in revenue, up from $3.3 billion in net income on $29 billion in revenue for the third quarter of 2001.

The company’s GE Financial Assurance unit, which sells life insurance, long-term care insurance and related products, is reporting $182 million in operating income for the latest quarter on $3.2 billion in revenue, up from $169 million in operating income on $3.1 billion in revenue.