The following table displays the expected benefit payments in the years indicated:
## Table 0 ##
14.  DIVIDEND RESTRICTIONS AND STATUTORY FINANCIAL INFORMATION A .
Dividend Restrictions Under Bermuda law, Group is prohibited from declaring or paying a dividend if such payment would reduce the realizable value of its assets to an amount less than the aggregate value of its liabilities and its issued share capital and share premium (additional paid-in capital) accounts.
Group’s ability to pay dividends and its operating expenses is dependent upon dividends from its subsidiaries.
The payment of such dividends by insurer subsidiaries is limited under Bermuda law and the laws of the various U. S.  states in which Group’s insurance and reinsurance subsidiaries are domiciled or deemed domiciled.
The limitations are generally based upon net income and compliance with applicable policyholders’ surplus or minimum solvency margin and liquidity ratio requirements as determined in accordance with the relevant statutory accounting practices.
Under Bermuda law, Bermuda Re is prohibited from declaring or making payment of a dividend if it fails to meet its minimum solvency margin or minimum liquidity ratio.
As a long-term insurer, Bermuda Re is also unable to declare or pay a dividend to anyone who is not a policyholder unless, after payment of the dividend, the value of the assets in its long-term business fund, as certified by its approved actuary, exceeds its liabilities for long-term business by at least the $250,000 minimum solvency margin.
Prior approval of the Bermuda Monetary Authority is required if Bermuda Re’s dividend payments would reduce its prior year-end total statutory capital by 15.0% or more.
Delaware law provides that an insurance company which is a member of an insurance holding company system and is domiciled in the state shall not pay dividends without giving prior notice to the Insurance Commissioner of Delaware and may not pay dividends without the approval of the Insurance Commissioner if the value of the proposed dividend, together with all other dividends and distributions made in the preceding twelve months, exceeds the greater of (1) 10% of statutory surplus or (2) net income, not including realized capital gains, each as reported in the prior year’s statutory annual statement.
In addition, no dividend may be paid in excess of unassigned earned surplus.
At December 31, 2006, Everest Re had $270.4 million available for payment of dividends in 2007 without the need for prior regulatory approval.
B .  Statutory Financial Information Everest Re prepares its statutory financial statements in accordance with accounting practices prescribed or permitted by the National Association of Insurance Commissioners (“NAIC”) and the Delaware Insurance Department.
Prescribed statutory accounting practices are set forth in the NAIC Accounting Practices and Procedures Manual.
The capital and statutory surplus of Everest Re was $2,704.1 million (unaudited) and $2,327.6 million at December 31, 2006 and 2005, respectively.
The statutory net income of Everest Re was $298.7 million (unaudited) for the year ended December 31, 2006, the statutory net loss was $26.9 million for the year ended December 31, 2005 and the statutory net income $175.8 million for the year ended December 31, 2004.
Bermuda Re prepares its statutory financial statements in conformity with the accounting principles set forth in Bermuda in The Insurance Act 1978, amendments thereto and related regulations.
The statutory capital and surplus of Bermuda Re was $1,893.9 million (unaudited) and $1,522.5 million at December 31, 2006 and 2005, respectively.
The statutory net income of Bermuda Re was $409.8 million (unaudited) for the year ended December 31, 2006, the statutory net loss was $220.5 million for the year ended December 31, 2005 and the statutory net income was $248.7 million for the year ended December 31, 2004.15.
CONTINGENCIES In the ordinary course of business, the Company is involved in lawsuits, arbitrations and other formal and informal dispute resolution procedures, the outcomes of which will determine the Company’s rights and obligations under insurance, reinsurance and other contractual agreements.
In some disputes, the Company seeks to enforce its rights under an agreement or to collect funds owing to it.
In other matters, the Company is resisting attempts by others to collect funds or enforce alleged rights.
These disputes arise from time to time and as they arise are addressed, and ultimately resolved, through both informal and formal means, including negotiated resolution, arbitration and litigation.
In all such matters, the Company believes that
Gross written premiums increased by 18.2% to $1,268.7 million in 2013 compared to $1,073.1 million in 2012.
This increase was primarily driven by California workers’ compensation, crop and non-standard auto business.
Net written premiums increased by 27.5% to $1,086.2 million in 2013 compared to $852.1 million in 2012.
The larger increase in net written premiums compared to gross written premiums is mainly due to less use of reinsurance, particularly on the crop business.
Premiums earned increased 21.7% to $1,037.4 million in 2013 compared to $852.4 million in 2012.
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.
Incurred Losses and LAE.
The following table presents the incurred losses and LAE for the Insurance segment for the periods indicated.
## Table 1 ##
Incurred losses and LAE decreased by 12.9% to $811.4 million in 2014 compared to $931.5 million in 2013, mainly due to a decrease of $107.0 million in prior years’ attritional losses, which was mainly related to development on workers’ compensation, construction liability and umbrella business in 2013 which did not recur to the same extent in 2014.
There were no current year catastrophe losses in 2014.
The $2.3 million of current year catastrophe losses for 2013 were due to Canadian floods.
Incurred losses and LAE increased by 33.0% to $931.5 million in 2013 compared to $700.3 million in 2012 mainly due to increases in current year attritional losses and higher unfavorable prior year development on attritional losses in 2013 compared to 2012.
The current year attritional losses increased by $158.5 million primarily due to the impact of higher premiums earned and a higher current year attritional loss ratio on the crop book, which was impacted by a decline in corn commodity prices and lower yields in several of our key states.
The prior year development on attritional losses was primarily related to workers’ compensation, construction liability and umbrella business.
The construction liability and umbrella development related to programs that were discontinued several years ago.
The $6.7 million of current year catastrophe losses for 2012 were primarily due to Superstorm Sandy ($5.5 million).
Reinsurance Receivables.
We have purchased reinsurance to reduce our exposure to adverse claim experience, large claims and catastrophic loss occurrences.
Our ceded reinsurance provides for recovery from reinsurers of a portion of losses and loss expenses under certain circumstances.
Such reinsurance does not relieve us of our obligation to our policyholders.
In the event our reinsurers are unable to meet their obligations under these agreements or are able to successfully challenge losses ceded by us under the contracts, we will not be able to realize the full value of the reinsurance receivable balance.
To minimize exposure from uncollectible reinsurance receivables, we have a reinsurance security committee that evaluates the financial strength of each reinsurer prior to our entering into a reinsurance arrangement.
In some cases, we may hold full or partial collateral for the receivable, including letters of credit, trust assets and cash.
Additionally, creditworthy foreign reinsurers of business written in the U. S. , as well as capital markets’ reinsurance mechanisms, are generally required to secure their obligations.
We have established reserves for uncollectible balances based on our assessment of the collectability of the outstanding balances.
As of December 31, 2014 and 2013, the reserve for uncollectible balances was $21.6 million.
Actual uncollectible amounts may vary, perhaps substantially, from such reserves, impacting income (loss) in the period in which the change in reserves is made.
See also ITEM 8, “Financial Statements and Supplementary Data” - Note 13 of Notes to the Consolidated Financial Statements and “Financial Condition – Reinsurance Receivables” below.
Premiums Written and Earned.
Premiums written by us are earned ratably over the coverage periods of the related insurance and reinsurance contracts.
We establish unearned premium reserves to cover the unexpired portion of each contract.
Such reserves, for assumed reinsurance, are computed using pro rata methods based on statistical data received from ceding companies.
Premiums earned, and the related costs, which have not yet been reported to us, are estimated and accrued.
Because of the inherent lag in the reporting of written and earned premiums by our ceding companies, we use standard accepted actuarial methodologies to estimate earned but not reported premium at each financial reporting date.
These earned but not reported premiums are combined with reported earned premiums to comprise our total premiums earned for determination of our incurred losses and loss and LAE reserves.
Commission expense and incurred losses related to the change in earned but not reported premium are included in current period company and segment financial results.
See also ITEM 8, “Financial Statements and Supplementary Data” - Note 1 of Notes to the Consolidated Financial Statements.
The following table displays the estimated components of net earned but not reported premiums by segment for the periods indicated.
## Table 2 ##
Investment Valuation.
Our fixed income investments are classified for accounting purposes as available for sale and are carried at market value or fair value in our consolidated balance sheets.
Our equity securities are also held as available for sale and are carried at market or fair value.
Most securities we own are traded on national exchanges where market values are readily available.
Some of our commercial mortgage-backed securities (“CMBS”) are valued using cash flow models and risk-adjusted discount rates.
We hold some privately placed securities, less than 0.10% of the portfolio, that are either valued by brokers or an investment advisor.
At December 31, 2014 and 2013, our investment portfolio included $575.8 million and $469.1 million, respectively, of limited partnership investments whose values are reported pursuant to the equity method of accounting.
We carry these investments at values provided by the managements of the limited partnerships and due to inherent reporting lags, the carrying values are based on values with “as of” dates from one month to one quarter prior to our financial statement date.

<table><tr><td>2007</td><td>$117</td></tr><tr><td>2008</td><td>140</td></tr><tr><td>2009</td><td>203</td></tr><tr><td>2010</td><td>263</td></tr><tr><td>2011</td><td>328</td></tr><tr><td>Next 5 years</td><td>2,731</td></tr></table>
<table><tr><td></td><td colspan="9">Years Ended December 31,</td></tr><tr><td>(Dollars in millions)</td><td>Current Year</td><td colspan="2">Ratio %/ Pt Change</td><td>Prior Years</td><td colspan="2">Ratio %/ Pt Change</td><td>Total Incurred</td><td colspan="2">Ratio %/ Pt Change</td></tr><tr><td>2014</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$786.5</td><td>76.4%</td><td></td><td>$24.9</td><td>2.4%</td><td></td><td>$811.3</td><td>78.8%</td><td></td></tr><tr><td>Catastrophes</td><td>-</td><td>0.0%</td><td></td><td>0.1</td><td>0.0%</td><td></td><td>0.1</td><td>0.0%</td><td></td></tr><tr><td>Total segment</td><td>$786.5</td><td>76.4%</td><td></td><td>$25.0</td><td>2.4%</td><td></td><td>$811.4</td><td>78.8%</td><td></td></tr><tr><td>2013</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$798.6</td><td>77.0%</td><td></td><td>$131.9</td><td>12.7%</td><td></td><td>$930.5</td><td>89.7%</td><td></td></tr><tr><td>Catastrophes</td><td>2.3</td><td>0.2%</td><td></td><td>-1.3</td><td>-0.1%</td><td></td><td>1.0</td><td>0.1%</td><td></td></tr><tr><td>Total segment</td><td>$800.9</td><td>77.2%</td><td></td><td>$130.6</td><td>12.6%</td><td></td><td>$931.5</td><td>89.8%</td><td></td></tr><tr><td>2012</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$640.1</td><td>75.1%</td><td></td><td>$53.5</td><td>6.3%</td><td></td><td>$693.6</td><td>81.4%</td><td></td></tr><tr><td>Catastrophes</td><td>6.7</td><td>0.8%</td><td></td><td>-</td><td>0.0%</td><td></td><td>6.7</td><td>0.8%</td><td></td></tr><tr><td>Total segment</td><td>$646.8</td><td>75.9%</td><td></td><td>$53.5</td><td>6.3%</td><td></td><td>$700.3</td><td>82.2%</td><td></td></tr><tr><td>Variance 2014/2013</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$-12.1</td><td>-0.6</td><td>pts</td><td>$-107.0</td><td>-10.3</td><td>pts</td><td>$-119.2</td><td>-10.9</td><td>pts</td></tr><tr><td>Catastrophes</td><td>-2.3</td><td>-0.2</td><td>pts</td><td>1.4</td><td>0.1</td><td>pts</td><td>-0.9</td><td>-0.1</td><td>pts</td></tr><tr><td>Total segment</td><td>$-14.4</td><td>-0.8</td><td>pts</td><td>$-105.6</td><td>-10.2</td><td>pts</td><td>$-120.0</td><td>-11.0</td><td>pts</td></tr><tr><td>Variance 2013/2012</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$158.5</td><td>1.9</td><td>pts</td><td>$78.4</td><td>6.4</td><td>pts</td><td>$236.9</td><td>8.3</td><td>pts</td></tr><tr><td>Catastrophes</td><td>-4.4</td><td>-0.6</td><td>pts</td><td>-1.3</td><td>-0.1</td><td>pts</td><td>-5.7</td><td>-0.7</td><td>pts</td></tr><tr><td>Total segment</td><td>$154.1</td><td>1.3</td><td>pts</td><td>$77.1</td><td>6.3</td><td>pts</td><td>$231.2</td><td>7.6</td><td>pts</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><td></td><td></td></tr></table>
<table><tr><td></td><td colspan="3">At December 31,</td></tr><tr><td>(Dollars in millions)</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>U.S. Reinsurance</td><td>$387.2</td><td>$336.0</td><td>$246.6</td></tr><tr><td>International</td><td>238.8</td><td>231.5</td><td>211.0</td></tr><tr><td>Bermuda</td><td>207.8</td><td>207.8</td><td>194.0</td></tr><tr><td>Mt. Logan</td><td>2.6</td><td>0.3</td><td>-</td></tr><tr><td>Total</td><td>$836.5</td><td>$775.6</td><td>$651.6</td></tr><tr><td>(Some amounts may not reconcile due to rounding.)</td><td></td><td></td><td></td></tr></table>

Question: what is the percentage change in the capital and statutory surplus from 2005 to 2006?
Answer: 0.16175