Table of Contents PART?II ITEM?5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Price Range of Accenture plc Class?A Ordinary Shares Accenture plc Class?A ordinary shares are traded on the New York Stock Exchange under the symbol “ACN.
” The New York Stock Exchange is the principal United States market for these shares.
The following table sets forth, on a per share basis for the periods indicated, the high and low sale prices for Accenture plc Class?A ordinary shares as reported by the New York Stock Exchange.
## Table 0 ##
The closing sale price of an Accenture plc Class?A ordinary share as reported by the New York Stock Exchange consolidated tape as of October?10, 2018 was $161.74.
As of October?10, 2018, there were 326 holders of record of Accenture plc Class?A ordinary shares.
There is no trading market for Accenture plc Class X ordinary shares.
As of October?10, 2018, there were 16 holders of record of Accenture plc Class?X ordinary shares.
To ensure that members of Accenture Leadership continue to maintain equity ownership levels that we consider meaningful, we require current members of Accenture Leadership to comply with the Accenture Equity Ownership Requirement Policy.
This policy requires members of Accenture Leadership to own Accenture equity valued at a multiple (ranging from 1/2 to 6) of their base compensation determined by their position level.
Dividend Policy On November?15, 2016, May?15, 2017, November?15, 2017 and May?15, 2018, Accenture plc paid a semi-annual cash dividend of $1.21, $1.21, $1.33 and $1.33 per share, respectively, on our Class?
A ordinary shares.
On November?15, 2016, May?15, 2017, and November?15, 2017, Accenture Holdings plc paid a semi-annual cash dividend of $1.21, $1.21 and $1.33 per share, respectively, on its ordinary shares.
Accenture Holdings plc merged with and into Accenture plc on March 13, 2018, and thereafter Accenture Holdings plc ceased to exist.
Future dividends on Accenture plc Class A ordinary shares, if any, and the timing of declaration of any such dividends, will be at the discretion of the Board of Directors of Accenture plc and will depend on, among other things, our results of operations, cash requirements and surplus, financial condition, contractual restrictions and other factors that the Board of Directors of Accenture plc may deem relevant, as well as our ability to pay dividends in compliance with the Companies Act.
In certain circumstances, as an Irish tax resident company, we may be required to deduct Irish dividend withholding tax (“DWT”) (currently at the rate of 20%) from dividends paid to our shareholders.
Shareholders resident in “relevant territories” (including countries that are European Union member states (other than Ireland), the United States and other countries with which Ireland has a tax treaty) may be exempted from Irish DWT.
However, shareholders residing in other countries will generally be subject to Irish DWT.
Recent Sales of Unregistered Securities None.
eBay Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) We have not provided for U. S.  federal or foreign income taxes, including withholding taxes on $7.9 billion of our non-U.
S.  subsidiaries' undistributed earnings as of December 31, 2014 .
We intend to indefinitely reinvest the $7.9 billion of our non-U.
S.  subsidiaries’ undistributed earnings in our international operations.
Accordingly, we currently have no plans to repatriate those funds.
As such, we do not know the time or manner in which we would repatriate those funds.
Because the time or manner of repatriation is uncertain, we cannot determine the impact of local taxes, withholding taxes and foreign tax credits associated with the future repatriation of such earnings and therefore cannot quantify the tax liability.
In cases where we intend to repatriate a portion of our foreign subsidiaries’ undistributed earnings, we provide U. S.  and applicable foreign taxes on such earnings and such taxes are included in our deferred taxes or tax payable liabilities depending upon the planned timing and manner of such repatriation.
On a regular basis, we develop cash forecasts to estimate our cash needs internationally and domestically.
We consider projected cash needs for, among other things, investments in our existing businesses, potential acquisitions and capital transactions, including repurchases of our common stock and debt repayments.
We estimate the amount of cash available or needed in the jurisdictions where these investments are expected, as well as our ability to generate cash in those jurisdictions and our access to capital markets.
This analysis enables us to conclude whether or not we will indefinitely reinvest the current period’s foreign earnings.
We benefit from tax rulings concluded in several different jurisdictions, most significantly Switzerland, Singapore and Luxembourg.
These rulings provide for significantly lower rates of taxation on certain classes of income and require various thresholds of investment and employment in those jurisdictions.
These rulings resulted in a tax savings of $555 million and $540 million in 2014 and 2013 , respectively, which increased earnings per share (diluted) by approximately $0.44 and $0.41 in 2014 and 2013 , respectively.
These tax rulings are currently in effect and expire over periods ranging from 2020 to the duration of business operations in the respective jurisdictions.
We evaluate compliance with our tax ruling agreements annually.
The following table reflects changes in unrecognized tax benefits since January 1, 2012 :
## Table 1 ##
During 2014 we increased our reserves by $96 million for various issues that related to tax examination risks assessed during the year.
In addition, we reduced our reserves by $34 million based on audit findings and settlement of multiple uncertain tax positions.
If the remaining balance of unrecognized tax benefits were realized in a future period, it would result in a tax benefit of $314 million .
As of December 31, 2014 , our liabilities for unrecognized tax benefits were included in accrued expenses and other current liabilities and deferred and other tax liabilities, net.
We recognize interest and/or penalties related to uncertain tax positions in income tax expense.
In 2014 , $2 million was included in tax expense for interest and penalties.
The amount of interest and penalties accrued as of December 31, 2014 and 2013 was approximately $71 million and $77 million , respectively.
We are subject to both direct and indirect taxation in the U. S.  and various states and foreign jurisdictions.
We are under examination by certain tax authorities for the 2003 to 2012 tax years.
We believe that adequate amounts have been reserved for any adjustments that may ultimately result from these or other examinations.
The material jurisdictions where we are subject to potential examination by tax authorities for tax years after 2002 include, among others, the U. S.  (Federal and California), France, Germany, Italy, Korea, Israel, Switzerland, Singapore, United Kingdom and Canada.
Although the timing of the resolution and/or closure of audits is highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next 12 months.
However, given the number of years remaining subject to examination and the number of matters being examined, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits.
The following discusses the underwriting results for each of our segments for the periods indicated.
U. S.  Reinsurance.
The following table presents the underwriting results and ratios for the U. S.  Reinsurance segment for the periods indicated.
## Table 2 ##
Premiums.
Gross written premiums decreased by 2.7% to $1,310.7 million for in 2012 from $1,346.8 million in 2011, primarily due to the non-renewal of a large Florida quota share reinsurance contract, partially offset by increased new business and higher premium rates on renewals, particularly for contracts with catastrophe exposed risks.
Net written premiums decreased 2.8% to $1,306.5 million in 2012 compared to $1,344.3 million in 2011, which is in line with the decrease in gross written premiums.
Premiums earned increased by 7.9% to $1,416.4 million in 2012 compared to $1,312.7 million in 2011.
The variance difference between premiums earned and net written premiums is primarily attributable to the non-renewal of the large Florida quota share reinsurance contract, which had a larger negative impact on gross and net written premiums, increases in new business, rate increases on renewals, particularly for catastrophe exposed contracts and changes in the mix of business.
Gross written premiums decreased by 3.5% to $1,346.8 million in 2011 from $1,395.4 million in 2010, primarily due to reduced reinsurance premiums for A&H, crop and marine business partially offset by a $24.4 million increase in reinstatement premiums due to higher catastrophe loss activity in the period.
Net written premiums decreased 3.5% to $1,344.3 million in 2011 compared to $1,392.6 million for the same period in 2010, which is in line with the decrease in gross written premiums for the year.
Premiums earned decreased by 5.4% to $1,312.7 million in 2011 compared to $1,387.0 million in 2010.
The change in premiums earned relative to net written premiums is the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period
STOCK PERFORMANCE GRAPH This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Tractor Supply Company under the Securities Act of 1933, as amended, or the Exchange Act.
The following graph compares the cumulative total stockholder return on our common stock from December 29, 2012 to December 30, 2017 (the Company’s fiscal year-end), with the cumulative total returns of the S&P 500 Index and the S&P Retail Index over the same period.
The comparison assumes that $100 was invested on December 29, 2012, in our common stock and in each of the foregoing indices and in each case assumes reinvestment of dividends.
The historical stock price performance shown on this graph is not indicative of future performance
## Table 3 ##

<table><tr><td></td><td colspan="2">Price Range</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>Fiscal 2017</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$124.96</td><td>$108.83</td></tr><tr><td>Second Quarter</td><td>$125.72</td><td>$112.31</td></tr><tr><td>Third Quarter</td><td>$126.53</td><td>$114.82</td></tr><tr><td>Fourth Quarter</td><td>$130.92</td><td>$119.10</td></tr><tr><td>Fiscal 2018</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$148.60</td><td>$129.10</td></tr><tr><td>Second Quarter</td><td>$165.58</td><td>$145.75</td></tr><tr><td>Third Quarter</td><td>$164.30</td><td>$146.05</td></tr><tr><td>Fourth Quarter</td><td>$169.92</td><td>$155.30</td></tr><tr><td>Fiscal 2019</td><td></td><td></td></tr><tr><td>First Quarter (through October 10, 2018)</td><td>$175.64</td><td>$161.58</td></tr></table>
<table><tr><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td></td><td colspan="3">(In millions)</td></tr><tr><td>Gross amounts of unrecognized tax benefits as of the beginning of the period</td><td>$334</td><td>$340</td><td>$286</td></tr><tr><td>Increases related to prior period tax positions</td><td>35</td><td>104</td><td>60</td></tr><tr><td>Decreases related to prior period tax positions</td><td>-18</td><td>-143</td><td>-24</td></tr><tr><td>Increases related to current period tax positions</td><td>61</td><td>37</td><td>19</td></tr><tr><td>Settlements</td><td>-16</td><td>-4</td><td>-1</td></tr><tr><td>Gross amounts of unrecognized tax benefits as of the end of the period</td><td>$396</td><td>$334</td><td>$340</td></tr></table>
<table><tr><td></td><td colspan="3">Years Ended December 31,</td><td colspan="2">2012/2011</td><td colspan="2">2011/2010</td></tr><tr><td>(Dollarsin millions)</td><td>2012</td><td>2011</td><td>2010</td><td>Variance</td><td>% Change</td><td>Variance</td><td>% Change</td></tr><tr><td>Gross written premiums</td><td>$1,310.7</td><td>$1,346.8</td><td>$1,395.4</td><td>$-36.1</td><td>-2.7%</td><td>$-48.6</td><td>-3.5%</td></tr><tr><td>Net written premiums</td><td>1,306.5</td><td>1,344.3</td><td>1,392.6</td><td>-37.8</td><td>-2.8%</td><td>-48.4</td><td>-3.5%</td></tr><tr><td>Premiums earned</td><td>$1,416.4</td><td>$1,312.7</td><td>$1,387.0</td><td>$103.7</td><td>7.9%</td><td>$-74.2</td><td>-5.4%</td></tr><tr><td>Incurred losses and LAE</td><td>1,050.4</td><td>1,034.1</td><td>900.9</td><td>16.3</td><td>1.6%</td><td>133.2</td><td>14.8%</td></tr><tr><td>Commission and brokerage</td><td>350.6</td><td>327.8</td><td>351.6</td><td>22.8</td><td>7.0%</td><td>-23.7</td><td>-6.7%</td></tr><tr><td>Other underwriting expenses</td><td>44.8</td><td>39.3</td><td>42.5</td><td>5.5</td><td>14.0%</td><td>-3.2</td><td>-7.6%</td></tr><tr><td>Underwriting gain (loss)</td><td>$-29.4</td><td>$-88.5</td><td>$91.9</td><td>$59.1</td><td>-66.8%</td><td>$-180.5</td><td>-196.3%</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td>Point Chg</td><td></td><td>Point Chg</td></tr><tr><td>Loss ratio</td><td>74.2%</td><td>78.8%</td><td>65.0%</td><td></td><td>-4.6</td><td></td><td>13.8</td></tr><tr><td>Commission and brokerage ratio</td><td>24.8%</td><td>25.0%</td><td>25.3%</td><td></td><td>-0.2</td><td></td><td>-0.3</td></tr><tr><td>Other underwriting expense ratio</td><td>3.1%</td><td>2.9%</td><td>3.1%</td><td></td><td>0.2</td><td></td><td>-0.2</td></tr><tr><td>Combined ratio</td><td>102.1%</td><td>106.7%</td><td>93.4%</td><td></td><td>-4.6</td><td></td><td>13.3</td></tr><tr><td colspan="2">(Some amounts may not reconcile due to rounding.)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
<table><tr><td></td><td>12/29/2012</td><td>12/28/2013</td><td>12/27/2014</td><td>12/26/2015</td><td>12/31/2016</td><td>12/30/2017</td></tr><tr><td>Tractor Supply Company</td><td>$100.00</td><td>$174.14</td><td>$181.29</td><td>$201.04</td><td>$179.94</td><td>$180.52</td></tr><tr><td>S&P 500</td><td>$100.00</td><td>$134.11</td><td>$155.24</td><td>$156.43</td><td>$173.74</td><td>$211.67</td></tr><tr><td>S&P Retail Index</td><td>$100.00</td><td>$147.73</td><td>$164.24</td><td>$207.15</td><td>$219.43</td><td>$286.13</td></tr></table>

Question: compared to the s&p 500 ,what was the difference in percentage growth from the s&p 500 retail index .