General Electric Co. (GE), operating as GE Aerospace, is a party to a capital maintenance agreement with Employers Reassurance Corp. (ERAC). In accordance with our guarantee criteria, the rating and outlook on ERAC should be equivalent to the ratings and outlook on GE, the latter of which we revised to positive from stable in April 2026. We therefore revised our outlook on ERAC to positive from stable. We also affirmed our'A-'financial strength rating on the company. The positive outlook on ERAC reflects our outlook on GE. In April 2024, GE had split into three companies: GE Aerospace, GE Vernova, and GE Healthcare. GE Aerospace retains the legacy insurance liabilities and is a party to a capital maintenance agreement
