period.
The discount reflects our incremental borrowing rate, which matches the lifetime of the liability.
Significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded.
Other associated costs with restructuring activities We recognize other costs associated with restructuring activities as they are incurred, including moving costs and consulting and legal fees.
Pensions We sponsor defined benefit pension plans throughout the world.
Our most significant plans are located in the U. S. , the U. K. , the Netherlands and Canada.
Our significant U. S. , U. K.  and Canadian pension plans are closed to new entrants.
We have ceased crediting future benefits relating to salary and service for our U. S. , U. K.  and Canadian plans.
Recognition of gains and losses and prior service Certain changes in the value of the obligation and in the value of plan assets, which may occur due to various factors such as changes in the discount rate and actuarial assumptions, actual demographic experience and/or plan asset performance are not immediately recognized in net income.
Such changes are recognized in Other comprehensive income and are amortized into net income as part of the net periodic benefit cost.
Unrecognized gains and losses that have been deferred in Other comprehensive income, as previously described, are amortized into Compensation and benefits expense as a component of periodic pension expense based on the average expected future service of active employees for our plans in the Netherlands and Canada, or the average life expectancy of the U. S.  and U. K.  plan members.
After the effective date of the plan amendments to cease crediting future benefits relating to service, unrecognized gains and losses are also be based on the average life expectancy of members in the Canadian plans.
We amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses.
As of December 31, 2013, our pension plans have deferred losses that have not yet been recognized through income in the Consolidated Financial Statements.
We amortize unrecognized actuarial losses outside of a corridor, which is defined as 10% of the greater of market-related value of plan assets or projected benefit obligation.
To the extent not offset by future gains, incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized.
The following table discloses our combined experience loss, the number of years over which we are amortizing the experience loss, and the estimated 2014 amortization of loss by country (amounts in millions):
## Table 0 ##
The unrecognized prior service cost at December 31, 2013 was $27 million in the U. K.  and Other plans.
For the U. S.  pension plans we use a market-related valuation of assets approach to determine the expected return on assets, which is a component of net periodic benefit cost recognized in the Consolidated Statements of Income.
This approach recognizes 20% of any gains or losses in the current year's value of market-related assets, with the remaining 80% spread over the next four years.
As this approach recognizes gains or losses over a five-year period, the future value of assets and therefore, our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded.
As of December 31, 2013, the market-related value of assets was $1.8 billion.
We do not use the market-related valuation approach to determine the funded status of the U. S.  plans recorded in the Consolidated Statements of Financial Position.
Instead, we record and present the funded status in the Consolidated Statements of Financial Position based on the fair value of the plan assets.
As of December 31, 2013, the fair value of plan assets was $1.9 billion.
Our non-U.
S.  plans use fair value to determine expected return on assets.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Off-Balance Sheet Arrangements At December 31, 2015 and 2014, we did not have any off-balance sheet arrangements.
Contractual Obligations Our contractual payment obligations are as follows:
## Table 1 ##
(a) Includes estimated future interest payments.
(b) Claim and claim adjustment expense reserves are not discounted and represent CNA’s estimate of the amount and timing of the ultimate settlement and administration of gross claims based on its assessment of facts and circumstances known as of December 31, 2015.
See the Reserves - Estimates and Uncertainties section of this MD&A for further information.
(c) Future policy benefits reserves are not discounted and represent CNA’s estimate of the ultimate amount and timing of the settlement of benefits based on its assessment of facts and circumstances known as of December 31, 2015.
Additional information on future policy benefits reserves is included in Note 1 of the Notes to Consolidated Financial Statements included under Item 8.
(d) Does not include expected contribution of approximately $18 million to the Company’s pension and postretirement plans in 2016.
In February of 2016, Diamond Offshore entered into a ten-year agreement with GE Oil & Gas (“GE”) to provide services with respect to certain blowout preventer and related well control equipment on its four newbuild drillships.
Such services include management of maintenance, certification and reliability with respect to such equipment.
In connection with the services agreement with GE, Diamond Offshore will sell the equipment to a GE affiliate for an aggregate $210 million and will lease back such equipment over separate ten-year operating leases.
Future commitments for the full term under the services agreement and leases are estimated to aggregate approximately $650 million.
Further information on our commitments, contingencies and guarantees is provided in the Notes to Consolidated Financial Statements included under Item 8.
INVESTMENTS Investment activities of non-insurance subsidiaries primarily include investments in fixed income securities, including short term investments.
The Parent Company portfolio also includes equity securities, including short sales and derivative instruments, and investments in limited partnerships.
These types of investments generally present greater volatility, less liquidity and greater risk than fixed income investments and are included within Results of Operations – Corporate and Other.
We enter into short sales and invest in certain derivative instruments that are used for asset and liability management activities, income enhancements to our portfolio management strategy and to benefit from anticipated future movements in the underlying markets.
If such movements do not occur as anticipated, then significant losses may occur.
Monitoring procedures include senior management review of daily detailed reports of existing positions and valuation fluctuations to ensure that open positions are consistent with our portfolio strategy.
Notes to Consolidated Financial Statements Note 13.
Statutory Accounting Practices – (Continued) CNA has a prescribed practice as it relates to the accounting under Statement of Statutory Accounting Principles No.62R (“SSAP No.62R”), Property and Casualty Reinsurance, paragraphs 67 and 68 in conjunction with the 2010 loss portfolio transfer with NICO as further discussed in Note 8.
The prescribed practice allows CNA to aggregate all third party AE&P reinsurance balances administered by NICO in Schedule F and to utilize the loss portfolio transfer as collateral for the underlying third-party reinsurance balances for purposes of calculating the statutory reinsurance penalty.
This prescribed practice increased statutory capital and surplus at December 31, 2015 by $90 million.
The long term care premium deficiency discussed in Note 1 was recorded on a GAAP basis.
There was no premium deficiency for statutory accounting purposes.
Statutory accounting principles requires the use of prescribed discount rates in calculating the reserves for long term care future policy benefits which are lower than the discount rates used on a GAAP basis and results in higher carried reserves relative to GAAP reserves.
The payment of dividends by CNA’s insurance subsidiaries without prior approval of the insurance department of each subsidiary’s domiciliary jurisdiction is generally limited by formula.
Dividends in excess of these amounts are subject to prior approval by the respective insurance regulator.
Dividends from CCC are subject to the insurance holding company laws of the State of Illinois, the domiciliary state of CCC.
Under these laws, ordinary dividends, or dividends that do not require prior approval by the Illinois Department of Insurance (“Department”) are determined based on the greater of the prior year’s statutory net income or 10% of statutory surplus as of the end of the prior year, as well as timing and amount of dividends paid in the preceding 12 months.
Additionally, ordinary dividends may only be paid from earned surplus, which is calculated by removing unrealized gains from unassigned surplus.
As of December 31, 2015, CCC is in a positive earned surplus position.
The maximum allowable dividend CCC could pay during 2016 that would not be subject to the Department’s prior approval is $1.1 billion, less dividends paid during the preceding 12 months measured at that point in time.
CCC paid dividends of $900 million in 2015.
The actual level of dividends paid in any year is determined after an assessment of available dividend capacity, holding company liquidity and cash needs as well as the impact the dividends will have on the statutory surplus of the applicable insurance company.
Combined statutory capital and surplus and statutory net income (loss), determined in accordance with accounting practices prescribed or permitted by insurance and/or other regulatory authorities for the Combined Continental Casualty Companies and the life company, are presented in the table below.
## Table 2 ##
(a) Information derived from the statutory-basis financial statements to be filed with insurance regulators.
CNA’s domestic insurance subsidiaries are subject to risk-based capital (“RBC”) requirements.
RBC is a method developed by the NAIC to determine the minimum amount of statutory capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile.
The formula for determining the amount of RBC specifies various factors, weighted based on the perceived degree of risk, which are applied to certain financial balances and financial activity.
The adequacy of a company’s actual capital is evaluated by a comparison to the RBC results, as determined by the formula.
Companies below minimum RBC requirements are classified within certain levels, each of which requires specified corrective action.
The statutory capital and surplus presented above for CCC was approximately 266% and 270% of company action level RBC at December 31, 2015 and 2014.
Company action level RBC is the level of RBC which triggers a heightened level of regulatory supervision.
The statutory capital and surplus of CCC’s foreign insurance subsidiaries, which is not significant to the overall statutory capital and surplus, also met or exceeded their respective regulatory and other capital requirements.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) CNA Property and Casualty Insurance Operations CNA’s property and casualty insurance operations consist of professional, financial, specialty property and casualty products and services and commercial insurance and risk management products.
In evaluating the results of the property and casualty businesses, CNA utilizes the loss ratio, the expense ratio, the dividend ratio and the combined ratio.
These ratios are calculated using GAAP financial results.
The loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.
The expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.
The dividend ratio is the ratio of policyholders’ dividends incurred to net earned premiums.
The combined ratio is the sum of the loss, expense and dividend ratios.
In addition, CNA also utilizes rate, retention and new business in evaluating operating trends.
Rate represents the average change in price on policies that renew excluding exposure change.
Retention represents the percentage of premium dollars renewed in comparison to the expiring premium dollars from policies available to renew.
New business represents premiums from policies written with new customers and additional policies written with existing customers.
The following table summarizes the results of CNA’s property and casualty operations for the years ended December 31, 2015, 2014 and 2013.
## Table 3 ##

<table><tr><td></td><td>U.K.</td><td>U.S.</td><td>Other</td></tr><tr><td>Combined experience loss</td><td>$2,012</td><td>$1,219</td><td>$402</td></tr><tr><td>Amortization period (in years)</td><td>29</td><td>26</td><td>11 - 23</td></tr><tr><td>Estimated 2014 amortization of loss</td><td>$53</td><td>$44</td><td>$10</td></tr></table>
<table><tr><td></td><td colspan="5"> Payments Due by Period</td></tr><tr><td> December 31, 2015</td><td> Total</td><td> Less than  1 year</td><td> 1-3 years</td><td> 3-5 years</td><td> More than  5 years</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Debt (a)</td><td>$15,208</td><td>$1,780</td><td>$1,950</td><td>$2,835</td><td>$8,643</td></tr><tr><td> Operating leases</td><td>494</td><td>59</td><td>104</td><td>89</td><td>242</td></tr><tr><td> Claim and claim adjustment expense reserves (b)</td><td>24,056</td><td>5,256</td><td>6,563</td><td>3,303</td><td>8,934</td></tr><tr><td> Future policy benefits reserves (c)</td><td>33,074</td><td>-420</td><td>-216</td><td>450</td><td>33,260</td></tr><tr><td> Rig construction contracts</td><td>440</td><td>440</td><td></td><td></td><td></td></tr><tr><td> Purchase and other obligations</td><td>228</td><td>206</td><td>11</td><td>2</td><td>9</td></tr><tr><td> Total (d)</td><td>$73,500</td><td>$7,321</td><td>$8,412</td><td>$6,679</td><td>$51,088</td></tr></table>
<table><tr><td></td><td colspan="2">Statutory Capital and Surplus December 31</td><td colspan="3">Statutory Net Income Year Ended December 31</td></tr><tr><td></td><td> 2015 (a)</td><td> 2014 </td><td> 2015 (a)</td><td>2014</td><td>2013</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Combined Continental Casualty Companies</td><td>$10,723</td><td>$11,155</td><td>$1,148</td><td>$914</td><td>$913</td></tr><tr><td>Life company</td><td>-</td><td>-</td><td>-</td><td>37</td><td>48</td></tr></table>
<table><tr><td> Year Ended December 31, 2015</td><td> Specialty</td><td> Commercial</td><td> International</td><td> Total</td></tr><tr><td> (In millions, except %)</td><td></td><td></td><td></td><td></td></tr><tr><td> Net written premiums</td><td>$2,781</td><td>$2,818</td><td>$822</td><td>$6,421</td></tr><tr><td> Net earned premiums</td><td>2,782</td><td>2,788</td><td>804</td><td>6,374</td></tr><tr><td> Net investment income</td><td>474</td><td>593</td><td>52</td><td>1,119</td></tr><tr><td> Net operating income</td><td>502</td><td>331</td><td>33</td><td>866</td></tr><tr><td> Net realized investment (losses) gains</td><td>-19</td><td>-28</td><td>1</td><td>-46</td></tr><tr><td> Net income</td><td>483</td><td>303</td><td>34</td><td>820</td></tr><tr><td> Other performance metrics:</td><td></td><td></td><td></td><td></td></tr><tr><td> Loss and loss adjustment expense ratio</td><td>57.4%</td><td>65.1%</td><td>59.5%</td><td>61.0%</td></tr><tr><td> Expense ratio</td><td>31.1</td><td>36.1</td><td>38.1</td><td>34.2</td></tr><tr><td> Dividend ratio</td><td>0.2</td><td>0.3</td><td></td><td>0.2</td></tr><tr><td> Combined ratio</td><td>88.7%</td><td>101.5%</td><td>97.6%</td><td>95.4%</td></tr><tr><td> Rate</td><td>1%</td><td>2%</td><td>-1%</td><td>1%</td></tr><tr><td> Retention</td><td>86%</td><td>79%</td><td>76%</td><td>81%</td></tr><tr><td> New Business (a)</td><td>$279</td><td>$552</td><td>$111</td><td>$942</td></tr><tr><td>Year Ended December 31, 2014</td><td></td><td></td><td></td><td></td></tr><tr><td>Net written premiums</td><td>$2,839</td><td>$2,817</td><td>$880</td><td>$6,536</td></tr><tr><td>Net earned premiums</td><td>2,838</td><td>2,906</td><td>913</td><td>6,657</td></tr><tr><td>Net investment income</td><td>560</td><td>723</td><td>61</td><td>1,344</td></tr><tr><td>Net operating income</td><td>569</td><td>276</td><td>63</td><td>908</td></tr><tr><td>Net realized investment gains (losses)</td><td>9</td><td>9</td><td>-1</td><td>17</td></tr><tr><td>Net income</td><td>578</td><td>285</td><td>62</td><td>925</td></tr><tr><td>Other performance metrics:</td><td></td><td></td><td></td><td></td></tr><tr><td>Loss and loss adjustment expense ratio</td><td>57.3%</td><td>75.3%</td><td>53.5%</td><td>64.6%</td></tr><tr><td>Expense ratio</td><td>30.1</td><td>33.7</td><td>38.9</td><td>32.9</td></tr><tr><td>Dividend ratio</td><td>0.2</td><td>0.3</td><td></td><td>0.2</td></tr><tr><td>Combined ratio</td><td>87.6%</td><td>109.3%</td><td>92.4%</td><td>97.7%</td></tr><tr><td>Rate</td><td>3%</td><td>5%</td><td>-1%</td><td>3%</td></tr><tr><td>Retention</td><td>87%</td><td>73%</td><td>74%</td><td>78%</td></tr><tr><td>New Business (a)</td><td>$309</td><td>$491</td><td>$115</td><td>$915</td></tr></table>

Question: In what year is Net operating income for Total greater than 900?
Answer: 2014