The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the option contract or at maturity.
The following is a summary of the payments the Company is scheduled to make and receive for these options:
## Table 0 ##
Actual timing and payment amounts may differ due to future contract settlements, modifications or exercises of options prior to the full premium being paid or received.
The Company has a macro hedge program to provide protection against the statutory tail scenario risk arising from variable annuity reserves on its statutory surplus and to cover some of the residual risks not covered by other hedging activities.
As a means of economically hedging these risks, the Company uses a combination of options and/or swaps.
Certain of the macro hedge derivatives used contain settlement provisions linked to both equity returns and interest rates; the remaining are interest rate contracts or equity contracts.
The gross notional amount of these derivative contracts was $2.7 billion and $2.0 billion at December 31, 2014 and 2013, respectively.
EIA, IUL and stock market certificate products have returns tied to the performance of equity markets.
As a result of fluctuations in equity markets, the obligation incurred by the Company related to EIA, IUL and stock market certificate products will positively or negatively impact earnings over the life of these products.
As a means of economically hedging its obligations under the provisions of these products, the Company enters into index options and futures contracts.
The gross notional amount of these derivative contracts was $2.0 billion and $1.6 billion at December 31, 2014 and 2013, respectively.
The Company enters into futures and commodity swaps to manage its exposure to price risk arising from seed money investments in proprietary investment products.
The gross notional amount of these contracts was $97 million and $111 million at December 31, 2014 and 2013, respectively.
The Company enters into foreign currency forward contracts to economically hedge its exposure to certain receivables and obligations denominated in non-functional currencies.
The gross notional amount of these contracts was $11 million and $30 million at December 31, 2014 and 2013, respectively.
The Company enters into futures contracts to economically hedge its exposure related to compensation plans.
The gross notional amount of these contracts was $278 million and $224 million at December 31, 2014 and 2013, respectively.
Embedded Derivatives Certain annuities contain GMAB and non-life contingent GMWB provisions, which are considered embedded derivatives.
In addition, the equity component of the EIA, IUL and stock market certificate product obligations are also considered embedded derivatives.
These embedded derivatives are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings.
As discussed above, the Company uses derivatives to mitigate the financial statement impact of these embedded derivatives.
Cash Flow Hedges The Company has designated and accounts for the following as cash flow hedges: (i) interest rate swaps to hedge interest rate exposure on debt, (ii) interest rate lock agreements to hedge interest rate exposure on debt issuances and (iii) swaptions used to hedge the risk of increasing interest rates on forecasted fixed premium product sales.
During the year ended December 31, 2012, the Company reclassified from AOCI into earnings a $3 million gain on an interest rate hedge put in place in anticipation of issuing debt.
The gain was reclassified due to the forecasted transaction not occurring according to the original hedge strategy.
For all years ended December 31, 2014, 2013 and 2012, amounts recognized in earnings related to cash flow hedges due to ineffectiveness were $1 million.
The estimated net amount of existing pretax losses as of December 31, 2014 that the Company expects to reclassify to earnings within the next twelve months is $1 million, which consists of $4 million of pretax gains to be recorded as a reduction to interest and debt expense and $5 million of pretax losses to be recorded in net investment income.
Item 6.
Selected Financial Data The following table sets forth selected consolidated financial information derived from our audited Consolidated Financial Statements as of December 31, 2014, 2013, 2012, 2011 and 2010 and for the five-year period ended December 31, 2014.
On April 30, 2010, we acquired the long-term asset management business of Columbia Management Group.
Results presented below include the results of this business after the date of acquisition.
The selected financial data presented below should be read in conjunction with our Consolidated Financial Statements and Notes included elsewhere in this report and ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations.
’’
## Table 1 ##
## Table 2 ##
(1) Represents amounts before consolidated investment entities, as reported on our Consolidated Balance Sheets.
The following table presents Tower Cash Flow, Adjusted Consolidated Cash Flow and Non-Tower Cash Flow for the Company and its restricted subsidiaries, as defined in the indentures for the applicable notes (in thousands):

<table><tr><td></td><td>Premiums Payable</td><td>Premiums Receivable</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>2015</td><td>$393</td><td>$70</td></tr><tr><td>2016</td><td>333</td><td>69</td></tr><tr><td>2017</td><td>271</td><td>70</td></tr><tr><td>2018</td><td>208</td><td>80</td></tr><tr><td>2019</td><td>226</td><td>71</td></tr><tr><td>2020-2027</td><td>493</td><td>118</td></tr><tr><td>Total</td><td>$1,924</td><td>$478</td></tr></table>
<table><tr><td></td><td colspan="5">Years Ended December 31,</td></tr><tr><td></td><td>2014</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td></td><td colspan="5">(in millions, except per share data)</td></tr><tr><td>Income Statement Data:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total net revenues</td><td>$12,268</td><td>$11,199</td><td>$10,217</td><td>$10,192</td><td>$9,512</td></tr><tr><td>Total expenses</td><td>9,721</td><td>9,229</td><td>8,979</td><td>8,745</td><td>8,043</td></tr><tr><td>Income from continuing operations</td><td>$2,002</td><td>$1,478</td><td>$903</td><td>$1,070</td><td>$1,176</td></tr><tr><td>Loss from discontinued operations, net of tax</td><td>-2</td><td>-3</td><td>-2</td><td>-60</td><td>-24</td></tr><tr><td>Net income</td><td>2,000</td><td>1,475</td><td>901</td><td>1,010</td><td>1,152</td></tr><tr><td>Less: Net income (loss) attributable to noncontrolling interests</td><td>381</td><td>141</td><td>-128</td><td>-106</td><td>163</td></tr><tr><td>Net income attributable to Ameriprise Financial</td><td>$1,619</td><td>$1,334</td><td>$1,029</td><td>$1,116</td><td>$989</td></tr><tr><td colspan="6">Earnings Per Share Attributable to Ameriprise Financial, Inc. Common Shareholders:</td></tr><tr><td>Basic</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income from continuing operations</td><td>$8.46</td><td>$6.58</td><td>$4.71</td><td>$4.87</td><td>$3.94</td></tr><tr><td>Loss from discontinued operations</td><td>-0.01</td><td>-0.02</td><td>-0.01</td><td>-0.25</td><td>-0.10</td></tr><tr><td>Net income</td><td>$8.45</td><td>$6.56</td><td>$4.70</td><td>$4.62</td><td>$3.84</td></tr><tr><td>Diluted</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income from continuing operations</td><td>$8.31</td><td>$6.46</td><td>$4.63</td><td>$4.77</td><td>$3.86</td></tr><tr><td>Loss from discontinued operations</td><td>-0.01</td><td>-0.02</td><td>-0.01</td><td>-0.24</td><td>-0.09</td></tr><tr><td>Net income</td><td>$8.30</td><td>$6.44</td><td>$4.62</td><td>$4.53</td><td>$3.77</td></tr><tr><td>Cash Dividends Declared Per Common Share</td><td>$2.26</td><td>$2.01</td><td>$1.15</td><td>$1.15</td><td>$0.71</td></tr></table>
<table><tr><td></td><td colspan="5">December 31,</td></tr><tr><td></td><td>2014</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td></td><td colspan="5">(in millions)</td></tr><tr><td>Balance Sheet Data:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investments<sup>-1</sup></td><td>$35,582</td><td>$35,735</td><td>$36,877</td><td>$39,953</td><td>$37,653</td></tr><tr><td>Separate account assets</td><td>83,256</td><td>81,223</td><td>72,397</td><td>66,780</td><td>68,330</td></tr><tr><td>Total assets</td><td>148,810</td><td>144,576</td><td>134,729</td><td>132,307</td><td>129,523</td></tr><tr><td>Policyholder account balances, future policy benefits and claims</td><td>30,350</td><td>29,620</td><td>31,217</td><td>31,710</td><td>30,195</td></tr><tr><td>Separate account liabilities</td><td>83,256</td><td>81,223</td><td>72,397</td><td>66,780</td><td>68,330</td></tr><tr><td>Customer deposits</td><td>7,664</td><td>7,062</td><td>6,526</td><td>9,850</td><td>8,779</td></tr><tr><td>Long-term debt<sup>-1</sup></td><td>3,062</td><td>2,720</td><td>2,403</td><td>2,393</td><td>2,317</td></tr><tr><td>Short-term borrowings</td><td>200</td><td>500</td><td>501</td><td>504</td><td>397</td></tr><tr><td>Total liabilities</td><td>139,505</td><td>135,344</td><td>125,017</td><td>122,613</td><td>119,573</td></tr><tr><td>Total Ameriprise Financial, Inc. shareholders’ equity</td><td>8,124</td><td>8,192</td><td>9,092</td><td>8,988</td><td>9,390</td></tr><tr><td>Noncontrolling interests’ equity</td><td>1,181</td><td>1,040</td><td>620</td><td>706</td><td>560</td></tr></table>

Question: In the year with largest amount of Income Statement Data: Total net revenues, what's the increasing rate of Income Statement Data: Total expenses?
Answer: 0.05331