Annuities Our Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients.
We provide our variable annuity products through our advisors, and our fixed annuity products are distributed through both affiliated and unaffiliated advisors and financial institutions.
Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows.
Revenues for our fixed annuity products are primarily earned as net investment income on assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances.
We also earn net investment income on owned assets supporting reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on capital supporting the business.
Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of variable insurance trust funds (‘‘VIT Funds’’) under the variable annuity contracts.
Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.
The following table presents the results of operations of our Annuities segment on an operating basis:
## Table 0 ##
Our Annuities segment pretax operating income, which excludes net realized gains or losses and the market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization), increased $119 million, or 21%, to $686 million for the year ended December 31, 2013 compared to $567 million for the prior year primarily due to the impact of unlocking and model changes, which was an increase to pretax operating income of $60 million for the year ended December 31, 2013 compared to a decrease of $11 million for the prior year.
During the fourth quarter of 2013, we added managed volatility fund options (Portfolio Stabilizer) for our in-force variable annuities with living benefit guarantees.
These additional investment options resulted in sizable asset movement into the managed volatility funds.
The resulting earnings benefit in the fourth quarter of 2013 was $26 million.
RiverSource variable annuity account balances increased 11% to $75.5 billion at December 31, 2013 compared to the prior year due to market appreciation, partially offset by net outflows.
Variable annuity net outflows of $757 million for the year ended December 31, 2013 reflected the closed book of annuities previously sold through third parties, partially offset by $245 million of net inflows in the Ameriprise channel.
RiverSource fixed annuity account balances declined 4% to $13.3 billion at December 31, 2013 compared to the prior year due to ongoing net outflows resulting from low client demand given the interest rate environment.
We are in the process of setting lower renewal interest rates for a portion of our fixed annuities that are currently above the guaranteed minimum, which should help relieve some of the spread compression caused by low rates.
The majority of the interest rate renewals will occur in the first half of 2014.
Entergy Corporation and Subsidiaries Notes to Financial Statements Entergy New Orleans Securitization Bonds - Hurricane Isaac In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization.
In July 2015, Entergy New Orleans Storm Recovery Funding I, L. L. C. , a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds.
The bonds have a coupon of 2.67% and an expected maturity date of June 2024.
Although the principal amount is not due until the date given above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $11.4 million for 2016, $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, and $11.6 million for 2020.
With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.
The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet.
The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans.
Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.
Entergy Texas Securitization Bonds - Hurricane Rita In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.
In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:
## Table 1 ##
Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $26 million for 2016, $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, and $32.8 million for 2020.
All of the scheduled principal payments for 2016 are for Tranche A-2, $23.6 million of the scheduled principal payments for 2017 are for Tranche A-2 and $4 million of the scheduled principal payments for 2017 are for Tranche A-3.
All of the scheduled principal payments for 2018-2020 are for Tranche A-3.
With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.
The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.
The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.
Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.
In January 2008, we announced an increase in the wholesale prices of our domestic confectionery line, effective immediately.
This price increase applied to our standard bar, king-size bar, 6-pack and vending lines and represented a weighted average increase of approximately thirteen percent on these items.
These price changes approximated a three percent increase over our entire domestic product line.
In April 2007, we announced an increase of approximately four percent to five percent in the wholesale prices of our domestic confectionery line, effective immediately.
The price increase applied to our standard bar, king-size bar, 6-pack and vending lines.
These products represent approximately one-third of our U. S.  confectionery portfolio.
We announced a combination of price increases and weight changes on certain JOLLY RANCHER and TWIZZLERS candy and chocolate packaged candy items in November 2005.
These changes went into effect in December 2005 and early 2006 and represented a weighted-average price increase of approximately one percent over the entire domestic product line when fully effective in the second quarter of 2006.
Usually there is a time lag between the effective date of list price increases and the impact of the price increases on net sales.
The impact of price increases is often delayed because the Company honors previous commitments to planned consumer and customer promotions and merchandising events subsequent to the effective date of the price increases.
In addition, promotional allowances may be increased subsequent to the effective date, delaying or partially offsetting the impact of price increases on net sales.
Raw Materials Cocoa products are the most significant raw materials we use to produce our chocolate products.
Cocoa products, including cocoa liquor, cocoa butter and cocoa powder processed from cocoa beans, are used to meet manufacturing requirements.
Cocoa products are purchased directly from third party suppliers.
These third party suppliers source cocoa beans which are grown principally in Far Eastern, West African and South American equatorial regions.
West Africa accounts for approximately 70 percent of the world’s supply of cocoa beans.
Historically, there have been instances of weather catastrophes, crop disease, civil disruptions, embargoes and other problems in cocoa-producing countries that have caused price fluctuations, but have never resulted in total loss of a particular producing country’s cocoa crop and/or exports.
In the event that such a disruption would occur in any given country, we believe cocoa from other producing countries and from current physical cocoa stocks in consuming countries would provide a significant supply buffer.
During 2008, cocoa futures contract prices increased sharply compared with 2007 and 2006, and traded in a range between $.86 and $1.50 per pound, based on the IntercontinentalExchange futures contract.
Cocoa futures prices during 2008 were very volatile and traded at prices which were near 30-year highs by mid-year, primarily reflecting speculative commodity fund trading activity.
During the fourth quarter of 2008, prices declined somewhat from the mid-year highs as a result of an anticipated decrease in demand associated with deteriorating economic conditions in addition to strengthening of the U. S.  dollar in relation to other relevant foreign currencies.
The annual average cocoa futures contract price increased 38% in 2008 compared with 2007.
The table below shows annual average cocoa prices, and the highest and lowest monthly averages for each of the calendar years indicated.
The prices are the monthly averages of the quotations at noon of the three active futures trading contracts closest to maturity on the IntercontinentalExchange.
## Table 2 ##
Source: International Cocoa Organization Quarterly Bulletin of Cocoa Statistics
Item 2.
Properties.
The following chart indicates the facilities we lease as of December 30, 2007, the location and size of each such facility and their designated use.
During 2007, we expanded our facilities and leased additional space to accommodate growth in our business.
We anticipate continuing to expand our facilities over the next several years as we continue to expand our worldwide commercial operations and our manufacturing capabilities.

<table><tr><td></td><td colspan="2">Years Ended December 31,</td><td></td><td></td></tr><tr><td></td><td>2013</td><td>2012</td><td colspan="2">Change</td></tr><tr><td></td><td colspan="3">(in millions)</td><td></td></tr><tr><td>Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$709</td><td>$648</td><td>$61</td><td>9%</td></tr><tr><td>Distribution fees</td><td>339</td><td>317</td><td>22</td><td>7</td></tr><tr><td>Net investment income</td><td>1,058</td><td>1,132</td><td>-74</td><td>-7</td></tr><tr><td>Premiums</td><td>110</td><td>118</td><td>-8</td><td>-7</td></tr><tr><td>Other revenues</td><td>367</td><td>309</td><td>58</td><td>19</td></tr><tr><td>Total revenues</td><td>2,583</td><td>2,524</td><td>59</td><td>2</td></tr><tr><td>Banking and deposit interest expense</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total net revenues</td><td>2,583</td><td>2,524</td><td>59</td><td>2</td></tr><tr><td>Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>434</td><td>395</td><td>39</td><td>10</td></tr><tr><td>Interest credited to fixed accounts</td><td>653</td><td>688</td><td>-35</td><td>-5</td></tr><tr><td>Benefits, claims, losses and settlement expenses</td><td>498</td><td>419</td><td>79</td><td>19</td></tr><tr><td>Amortization of deferred acquisition costs</td><td>111</td><td>229</td><td>-118</td><td>-52</td></tr><tr><td>Interest and debt expense</td><td>2</td><td>2</td><td>—</td><td>—</td></tr><tr><td>General and administrative expense</td><td>199</td><td>224</td><td>-25</td><td>-11</td></tr><tr><td>Total expenses</td><td>1,897</td><td>1,957</td><td>-60</td><td>-3</td></tr><tr><td>Operating earnings</td><td>$686</td><td>$567</td><td>$119</td><td>21%</td></tr></table>
<table><tr><td></td><td>Amount (In Thousands)</td></tr><tr><td>Senior Secured Transition Bonds, Series A:</td><td></td></tr><tr><td>Tranche A-1 -5.51% due October 2013</td><td>$93,500</td></tr><tr><td>Tranche A-2 -5.79% due October 2018</td><td>121,600</td></tr><tr><td>Tranche A-3 -5.93% due June 2022</td><td>114,400</td></tr><tr><td>Total senior secured transition bonds</td><td>$329,500</td></tr></table>
<table><tr><td></td><td colspan="5"> Cocoa Futures Contract Prices  (cents perpound)</td></tr><tr><td></td><td> 2007</td><td> 2006</td><td> 2005</td><td> 2004</td><td> 2003</td></tr><tr><td>Annual Average</td><td>86.1</td><td>70.0</td><td>68.3</td><td>68.7</td><td>77.8</td></tr><tr><td>High</td><td>94.6</td><td>74.9</td><td>78.7</td><td>76.8</td><td>99.8</td></tr><tr><td>Low</td><td>74.5</td><td>67.1</td><td>63.5</td><td>62.1</td><td>65.6</td></tr></table>

Question: what was the ratio of the scheduled principal payments in 2017 for tranche a-2 to a-3
Answer: 5.9