General Electric (GE) 8-K GE Reports Record First-Quarter Financial Results with Double- Digit Increases in 2006 Earnings, Revenues and Cash Flow

Exhibit 99

PRESS RELEASE

GE Reports Record First-Quarter Financial Results with Double-
Digit Increases in 2006 Earnings, Revenues and Cash Flow

Financial Highlights (Continuing Operations)

§   Revenues of $37.8 billion, up 10%; organic revenue growth of 9%

§   Earnings of $4.0 billion, up 14%; earnings per share (EPS) of $.39, up 18%

§   Total orders up 33%

§   Five of GE’s six businesses deliver double-digit earnings growth

§   Cash from GE’s operating activities (CFOA) up 132% to $6.7 billion; Industrial CFOA up 24%

§   Return on average total capital (ROTC) increasing 1.4 percentage points to 17%

Fairfield, Conn. April 13, 2006– GE announced today record first-quarter 2006 earnings from continuing operations of $4.0 billion or $.39 per share, up 14% and 18%, respectively, from first-quarter 2005. Revenues from continuing operations were also a record $37.8 billion, up 10% from last year’s first quarter. Cash flow from GE’s operating activities was a record $6.7 billion.

“We had a strong performance in the quarter highlighted by double-digit growth in earnings, revenues and cash flow,” said GE Chairman and CEO Jeff Immelt. “Driven by demand for our industrial equipment, momentum in healthcare and continued performance in our financial services businesses, we achieved 9% organic revenue growth. Five of six of GE’s businesses delivered double-digit earnings growth.

“Importantly, orders were strong across the company, growing 33%. Our orders for equipment and services were particularly robust, growing 67% and 20%, respectively. This gives us good visibility going forward,” added Immelt.

“Our solid fundamentals are delivering strong cash flow growth. For the quarter, we generated $6.7 billion in CFOA, an increase of 132% over the first quarter of last year, bolstered by the proceeds from the sale of our remaining stake in Genworth. With our healthy cash position, we acquired 88 million shares of GE common stock, which accounts for $3 billion of the $7-9 billion stock repurchase we have planned for this year. We also increased ROTC by 1.4 percentage points over the first quarter of 2005 to 17% - good progress toward our long-term goal of exceeding 20%,” said Immelt.

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“The first quarter results are a good reflection of our strategic execution,” added Immelt. “Our products are winning in the global infrastructure markets, creating a high-margin installed base. We have sustained our high-return growth in financial services in an increasing interest rate environment. Our diversified healthcare franchise is winning globally with technical leadership that is providing consistent growth. We improved our operating performance in the Industrial segment. And we are improving NBC Universal’s performance based on a diversified business mix and quality programming,” added Immelt.

First-Quarter 2006 Financial Highlights:

Earnings from continuing operations were $4.042 billion, up 14% from $3.560 billion in first quarter 2005. EPS from continuing operations were $.39, up 18% from last year’s $.33. Five of GE’s six businesses contributed double-digit earnings growth for the quarter.

Continuing revenues of $37.8 billion were 10% higher than last year’s $34.4 billion. Industrial sales increased 11% to $23.1 billion, reflecting core growth, and the effects of the 2006 Winter Olympic Games and acquisitions. Financial Services revenues grew 8% over last year to $14.7 billion, reflecting core growth.

Cash generated from GE’s operating activities in the first three months of 2006 totaled $6.7 billion compared with $2.9 billion last year, reflecting a 24% increase from the industrial businesses. The GE Capital Services’ dividend of $3.4 billion for the quarter was up $3.2 billion over last year, primarily reflecting $2.5 billion from the sale of our remaining 18% stake in Genworth.

Earnings from discontinued operations were $0.3 billion and included the results of Genworth, GE Insurance Solutions and, beginning in first quarter 2006, GE Life, which is in the process of being sold. Accordingly, first-quarter 2006 net EPS were $.41, up 11% from the first quarter of 2005.

“Our strategic exit from the insurance business is on track,” added Immelt. “We expect to close the sale of Insurance Solutions to Swiss Re in the second quarter of this year and anticipate selling GE Life in the next 12 months. When we complete the Insurance Solutions sale, we will receive up to $3 billion in cash and have a stronger portfolio of higher return, less volatile businesses.

“We are right on plan for the year. Our growth initiatives are performing well, our fundamentals are solid, our orders are up, and we have a healthy cash flow stream fueling our businesses and funding our share repurchase program. The company is well positioned going forward. For the second quarter, we expect double-digit segment profit growth in five of our six businesses and EPS from continuing operations of $.46-.48. We are reaffirming our full-year 2006 guidance of earnings from continuing operations increasing 13-17% to $1.94-2.02,” said Immelt.

GE will discuss first quarter results on a conference call and Webcast at 8:30 a.m. ET today. Call information is available at www.ge.com/investor, and related charts will be posted there prior to the call.

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GE (NYSE: GE) is Imagination at Work – a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

Caution Concerning Forward-Looking Statements

Results are preliminary and unaudited. This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect our future results include: the behavior of financial markets, including fluctuations in interest rates and commodity prices; strategic actions, including dispositions; future integration of acquired businesses; future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation, media, real estate and healthcare industries; unanticipated loss development in our insurance businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Contact: General Electric, Fairfield

Russell Wilkerson, 203.373.3193 (office); 203.581.2114 (mobile)

russell.wilkerson@ge.com

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GENERAL ELECTRIC COMPANY

Condensed Statement of Earnings

	Consolidated									GE									Financial Services (GECS)
Three months ended March 31	2006			2005			V%			2006			2005			V%			2006			2005			V%
Revenues
Sales of goods and services	$	23,484		$	21,405					$	23,086		$	20,833					$	555		$	674
GECS earnings from continuing operations		-			-						2,270			1,863						-			-
GECS revenues from services		13,886			12,628						-			-						14,126			12,931
Other income		451			317						479			330						-			-
Total revenues		37,821			34,350			10	%		25,835			23,026			12	%		14,681			13,605			8	%
Costs and expenses
Cost of sales, operating and administrative expenses		26,698			24,390						20,701			18,320						6,236			6,325
Interest and other financial charges		4,361			3,671						384			381						4,107			3,414
Investment contracts, insurance losses and insurance annuity benefits		749			827						-			-						805			866
Provision for losses on financing receivables		822			902						-			-						822			902
Minority interest in net earnings of consolidated affiliates		238			216						163			186						75			30
Total costs and expenses		32,868			30,006			10	%		21,248			18,887			13	%		12,045			11,537			4	%
Earnings from continuing operations before income taxes		4,953			4,344			14	%		4,587			4,139			11	%		2,636			2,068			27	%
Provision for income taxes		(911	)		(784	)					(545	)		(579	)					(366	)		(205	)
Earnings from continuing operations		4,042			3,560			14	%		4,042			3,560			14	%		2,270			1,863			22	%
Earnings from discontinued operations, net of taxes		263			405						263			405						263			405
Net earnings	$	4,305		$	3,965			9	%	$	4,305		$	3,965			9	%	$	2,533		$	2,268			12	%
Per-share amounts - earnings from continuing operations
Diluted earnings per share	$	0.39		$	0.33			18	%
Total average equivalent shares		10,480			10,641			(2	)%
Basic earnings per share	$	0.39		$	0.34			15	%
Total average equivalent shares		10,442			10,597			(1	)%
Per-share amounts - net earnings
Diluted earnings per share	$	0.41		$	0.37			11	%
Total average equivalent shares		10,480			10,641			(2	)%
Basic earnings per share	$	0.41		$	0.37			11	%
Total average equivalent shares		10,442			10,597			(1	)%
Dividends declared per share	$	0.25		$	0.22			14	%

Dollar amounts and share amounts in millions; per-share amounts in dollars; unaudited. Supplemental consolidating data are shown for “GE” and “GECS.” Transactions between GE and GECS have been eliminated from the “consolidated” columns. See note 1 to the 2005 consolidated financial statements at www.ge.com/annual05 for further information about consolidation matters.

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GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

	Three Months
	Ended March 31
(Dollars in millions)	2006			2005			V		%
Revenues
Infrastructure	$	10,152		$	9,374			8
Industrial		8,140			7,668			6
Healthcare		3,659			3,321			10
NBC Universal		4,482			3,601			24
Commercial Finance		5,484			5,072			8
Consumer Finance		5,090			4,689			9
Total segment revenues		37,007			33,725			10
Corporate items and eliminations		814			625			30
Consolidated revenues from continuing operations	$	37,821		$	34,350			10
Segment profit (a)
Infrastructure	$	1,703		$	1,540			11
Industrial		600			526			14
Healthcare		496			409			21
NBC Universal		654			709			(8	)
Commercial Finance		1,174			926			27
Consumer Finance		836			735			14
Total segment profit		5,463			4,845			13
Corporate items and eliminations		(492	)		(325	)		(51	)
GE interest and other financial charges		(384	)		(381	)		(1	)
GE provision for income taxes		(545	)		(579	)		6
Earnings from continuing operations	$	4,042		$	3,560			14
Earnings from discontinued operations, net of taxes	$	263		$	405			(35	)
Consolidated net earnings	$	4,305		$	3,965			9

(a) Segment profit always excludes the effects of principal pension plans and results reported as discontinued operations and accounting changes. Segment profit may exclude matters such as charges for restructuring; rationalization and other similar expenses; in-process research and development and certain other acquisition-related charges and balances; technology development costs; certain gains and losses from dispositions; and litigation settlements or other charges, responsibility for which preceded the current management team. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment’s management is measured - excluded in determining segment profit, which we refer to as “operating profit,” for Healthcare, NBC Universal and the industrial businesses of the Industrial and Infrastructure segments; included in determining segment profit, which we refer to as “net earnings,” for Commercial Finance, Consumer Finance, and the financial services businesses of the Industrial segment (Equipment Services) and the Infrastructure segment (Aviation Financial Services, Energy Financial Services and Transportation Finance).

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GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

Additional Information

	Three Months
	Ended March 31
(Dollars in millions)	2006		2005		V		%
Infrastructure
Revenues	$	10,152	$	9,374		8
Segment profit	$	1,703	$	1,540		11
Revenues
Aviation	$	3,041	$	2,590		17
Aviation Financial Services		934		817		14
Energy		3,835		3,951		(3	)
Energy Financial Services		301		228		32
Oil & Gas		772		641		20
Transportation		1,023		756		35
Segment profit
Aviation	$	645	$	527		22
Aviation Financial Services		206		163		26
Energy		436		577		(24	)
Energy Financial Services		117		94		24
Oil & Gas		55		27		F
Transportation		204		82		F
Industrial
Revenues	$	8,140	$	7,668		6
Segment profit	$	600	$	526		14
Revenues
Consumer & Industrial	$	3,534	$	3,261		8
Equipment Services		1,634		1,574		4
Plastics		1,644		1,648		-
Segment profit
Consumer & Industrial	$	220	$	165		33
Equipment Services		16		10		60
Plastics		225		240		(6	)
Commercial Finance
Revenues	$	5,484	$	5,072		8
Segment profit	$	1,174	$	926		27
Revenues
Capital Solutions	$	2,820	$	2,889		(2	)
Real Estate		1,075		898		20
Segment profit
Capital Solutions	$	339	$	286		19
Real Estate		441		310		42

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GENERAL ELECTRIC COMPANY

Condensed Statement of Financial Position

(Dollars in billions)	Consolidated				GE				Financial Services (GECS)
Assets		03/31/06		12/31/05		03/31/06		12/31/05		03/31/06		12/31/05
Cash & marketable securities	$	53.6	$	51.0	$	2.4	$	2.5	$	51.4	$	48.8
Receivables		12.6		14.9		12.8		15.1		-		-
Inventories		11.4		10.5		11.2		10.3		0.2		0.2
GECS financing receivables - net		286.8		287.6		-		-		286.8		287.6
Property, plant & equipment - net		67.7		67.5		16.4		16.5		51.3		51.0
Investment in GECS		-		-		49.3		50.8		-		-
Goodwill & intangible assets		83.0		81.6		59.1		57.8		23.8		23.8
Other assets		101.2		99.1		36.4		36.8		70.8		68.1
Assets of discontinued operations		58.5		61.1		-		-		58.5		61.1
Total assets	$	674.8	$	673.3	$	187.6	$	189.8	$	542.8	$	540.6
Liabilities and equity
Borrowings	$	376.2	$	370.4	$	11.2	$	10.2	$	366.7	$	362.1
Insurance contracts, insurance liabilities
and insurance annuity benefits		33.4		33.1		-		-		33.8		33.4
Other liabilities & minority interest		108.2		110.9		68.9		70.2		43.3		44.5
Liabilities of discontinued operations		49.5		49.5		-		-		49.7		49.8
Shareowners’ equity		107.5		109.4		107.5		109.4		49.3		50.8
Total liabilities and equity	$	674.8	$	673.3	$	187.6	$	189.8	$	542.8	$	540.6

March 31, 2006 information is unaudited. Supplemental consolidating data are shown for “GE” and “Financial Services (GECS).” Transactions between GE and GECS have been eliminated from the “consolidated” columns. See note 1 to the 2005 consolidated financial statements at www.ge.com/annual05 for further information about consolidation matters.

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GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. Specifically, we have referred to organic revenue growth for the three months ended March 31, 2006, compared with the three months ended March 31, 2005, the increase in cash from operating activities from our industrial businesses (or Industrial CFOA) for the three months ended March 31, 2006, compared with the three months ended March 31, 2005 and return on average total capital invested (ROTC), which is calculated using average total shareowners’ equity, excluding effects of discontinued operations. The reasons we use these non-GAAP financial measures and their reconciliation to their most directly comparable GAAP financial measures follow.

(Dollars in millions)	Three months
	ended March 31
Organic Revenue Growth		2006		2005	V%
GE consolidated revenues as reported	$	37,821	$	34,350	10	%
Less the effects of:
Acquisitions, business dispositions (other than dispositions
of businesses acquired for investment) and currency exchange rates		227		413
The 2006 Olympics broadcasts		684		-
GE consolidated revenues excluding the effects of acquisitions,
business dispositions (other than dispositions
of businesses acquired for investment), currency exchange rates
and the effects of the 2006 Olympics
broadcasts (organic revenues)	$	36,910	$	33,937	9	%

	Three months
	ended March 31
Growth in Industrial CFOA		2006		2005	V%
Cash from GE’s operating activities as reported	$	6,712	$	2,890	132	%
Less: GECS dividends		3,404		224
Cash from GE’s operating activities excluding
dividends from GECS (Industrial CFOA)	$	3,308	$	2,666	24	%

We believe that meaningful analysis of our financial performance requires an understanding of the factors underlying that performance and our judgments about the likelihood that particular factors will repeat. In some cases, short-term patterns and long-term trends may be obscured by large factors or events. For example, events or trends in a particular segment may be so significant as to obscure patterns and trends of our industrial or financial services businesses in total. For this reason, we believe that investors may find it useful to see our 2006 growth in revenues without the effects of acquisitions, business dispositions and currency exchange rates and without the effects of the 2006 Olympics broadcasts. We also believe that investors would find it useful to compare our operating cash flow for the three months ended March 31, 2006, to the operating cash flow for the three months ended March 31, 2005, without the effect of GECS dividends, which can vary from period-to-period.

	Three months
	ended March 31
Average Total Shareowners’ Equity, Excluding	2006		2005
Effects of Discontinued Operations (a)
Average total shareowners’ equity (b)	$	111,016	$	102,305
Less:
Cumulative effect of earnings from discontinued operations (c)		1,458		3,168
Average net investment in discontinued operations (d)		6,828		-
Average total shareowners’ equity, excluding
effect of discontinued operations (a)	$	102,730	$	99,137

(a)	Used for computing return on average total capital invested (ROTC). For GE, ROTC is earnings from continuing operations plus the sum of after-tax interest and other financial charges and minority interest, divided by the sum of the averages of total shareowners’ equity (excluding effects of discontinued operations), borrowings, mandatorily redeemable preferred stock and minority interest (on a twelve-month basis, calculated using a five-point average).
(b)	On a twelve-month basis, calculated using a five-point average.
(c)	Represented the average cumulative net earnings effect of discontinued operations from 2001 through the first half of 2005 (on a twelve-month basis, calculated using a five-point average).
(d)	Represented the average net investment in discontinued operations since the second half of 2005.

U.S. GAAP requires earnings of discontinued operations to be displayed separately in the Statement of Earnings. Accordingly, the numerator used in our calculation of return on average total capital invested excludes those earnings (losses). Further we believe it is appropriate to exclude from the average shareowners’ equity component of the denominator the cumulative effect of those earnings (losses) since 2000 (reclassifications for discontinued operations began in 2001), as well as our average net investment in discontinued operations since the second half of 2005. Had we disposed of these operations before mid-2005, proceeds would have been applied to reduce parent-supported debt at GE Capital; however since parent-supported debt at GE Capital was retired in the first half of 2005, we have assumed that any proceeds after that time would have been distributed to shareowners by means of share repurchases, thus reducing average total shareowners’ equity.

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