ABIOMED, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements—(Continued) Note 14.
Income Taxes (Continued) On April 1, 2007, the Company adopted Financial Interpretation FIN No.48, Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No.109 (“FIN No.48”), which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with FASB Statement No.109, Accounting for Income Taxes.
FIN No.48 prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return.
FIN No.48 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition and defines the criteria that must be met for the benefits of a tax position to be recognized.
As a result of its adoption of FIN No.48, the Company recorded the cumulative effect of the change in accounting principle of $0.3 million as a decrease to opening retained earnings and an increase to other long-term liabilities as of April 1, 2007.
This adjustment related to state nexus for failure to file tax returns in various states for the years ended March 31, 2003, 2004, and 2005.
The Company initiated a voluntary disclosure plan, which it completed in fiscal year 2009.
The Company elected to recognize interest and/or penalties related to income tax matters in income tax expense in its consolidated statements of operations.
As of March 31, 2009, the Company had remitted all outstanding amounts owed to each of the states in connection with the outstanding taxes owed at March 31, 2008.
As such, the Company had no FIN No.48 liability at March 31, 2009.
On a quarterly basis, the Company accrues for the effects of uncertain tax positions and the related potential penalties and interest.
It is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the unrecognized tax positions will increase or decrease during the next 12 months; however, it is not expected that the change will have a significant effect on the Company’s results of operations or financial position.
A reconciliation of the beginning and ending balance of unrecognized tax benefits, excluding accrued interest recorded at March 31, 2009 (in thousands) is as follows:
## Table 0 ##
The Company and its subsidiaries are subject to U. S.  federal income tax, as well as income tax of multiple state and foreign jurisdictions.
The Company has accumulated significant losses since its inception in 1981.
All tax years remain subject to examination by major tax jurisdictions, including the federal government and the Commonwealth of Massachusetts.
However, since the Company has net operating loss and tax credit carry forwards which may be utilized in future years to offset taxable income, those years may also be subject to review by relevant taxing authorities if the carry forwards are utilized.
Note 15.
Commitments and Contingencies The Company’s acquisition of Impella provided that Abiomed was required to make contingent payments to Impella’s former shareholders as follows: ?
upon FDA approval of the Impella 2.5 device, a payment of $5,583,333 ?
upon FDA approval of the Impella 5.0 device, a payment of $5,583,333, and ?
upon the sale of 1,000 units of Impella’s products worldwide, a payment of $5,583,334.
The two milestones related to sales and FDA approval of the Impella 2.5 device were achieved and paid prior to March 31, 2009.
In April 2009, the Company received FDA 510(k) clearance of its Impella 5.0 product, triggering an obligation to pay the milestone related to the Impella 5.0 device.
In May 2009, the Company paid $1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664,612 shares of common stock.
American International Group, Inc.  and Subsidiaries Asset Management Operations AIG’s Asset Management operations comprise a wide variety of investment-related services and investment products.
Such ser- vices and products are offered to individuals and institutions both domestically and overseas, and are primarily comprised ofSpread-Based Investment Businesses, Institutional Asset Management and Brokerage Services and Mutual Funds.
The revenues and operating income for this segment are subject to variability because they are affected by the general conditions in the equity and credit markets.
In addition, realized gains and performance fees are contingent upon various fund closings, maturity levels and market conditions.
Spread-Based Investment Business In prior years, the sale of GICs to investors, both domestically and overseas, was AIG’s primaryinstitutional Spread-Based Invest- ment Business.
During 2005, AIG launched its MIP and its asset management subsidiaries, primarily SunAmerica Life, ceased writing new GIC business.
The GIC business will continue to run off for the foreseeable future while the MIP business is expected to grow.
Institutional Asset Management AIG’s Institutional Asset Management business provides an array of investment products and services globally toinstitutional investors, AIG subsidiaries and af?liates and high net worth investors.
These products and services include traditional equity and ?xed income investment management and a full range of alternative asset classes.
Delivery of AIG’s Institutional Asset Management products and services is accomplished via a global network of operating subsidiaries comprising AIGGIG.
The primary operating entities within this group are AIG Global Investment Corp. , AIG Global Real Estate Investment Corp.  and AIG Private Bank.
AIG Private Bank offers banking, trading and investment management services to private client and high net worth individuals and institutions globally.
Within the alternativeinvestmentasset class, AIGGIG offers hedge and private equity fund-of-funds, direct investments and distressed debt investments.
Within the structured ?xed income and equity product asset class, AIGGIG offers various forms of structured and credit linked notes, various forms of collateralized debt obligations and other investment strategies aimed at achiev-ing superior returnsor capital preservation.
In addition, Institu- tional Asset Management’s product offerings include various forms of principal protected and liability management structures.
Brokerage Services and Mutual Funds AIG’s Brokerage Services and Mutual Funds business provides mutual fund and broker-dealer related services to retail investors,group trusts and corporate accounts through an independent network of ?nancial advisors.
The AIG Advisor Group, Inc. , a subsidiary of AIG Retirement Services, Inc. , is comprised of several broker-dealer entities that provide these services to clients primarily in the U. S.  marketplace.
SAAMCo manages, advises and/or administers retail mutual funds, as well as the underlying assets of variable annuities sold by AIG SunAmerica and VALIC to individuals and groups throughout the United States.
Other Included in the Other category for Asset Management is income or loss from partnerships.
Partnership assets consist of investments in a diversi?ed portfolio of private equity funds, affordable housing partnerships and hedge fund investments.
Asset Management Results Asset Management results for 2006, 2005 and 2004 were as follows:
## Table 1 ##
(a)Includes the effect of hedging activities that did not qualify for hedge accounting treatment under FAS 133, including the related foreign exchange gains and losses.
For 2004, the effect was a gain of $313 million in operating income.
During 2006 and 2005, these derivative gains and losses were reported as part of AIG’s Other category, and were not reported in Asset Management operating income.
(b)Includes the full results of certain AIG managed private equity and real estate funds that are consolidated pursuant to FIN 46(R), ‘‘Consolida- tion of Variable Interest Entities’’.
Also includes $346 million,$261 mil- lion and $195 million for 2006, 2005 and 2004, respectively, of third- party limited partner earnings offset in minority interest expense on the consolidated statement of income which is not a component of operating income.
(c)Includes the full results of certain AIG managed partnerships that are consolidated effective January 1, 2006 pursuant to EITF 04-5, ‘Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights’’.
For 2006, operating income includes $252million of third-party limited partner earnings offset in minority interest expense which is not a component of operating income.
American International Group, Inc.  and Subsidiaries Notes to Consolidated Financial Statements Continued 22.
Information Provided in Connection With Outstanding Debt Continued Condensed Consolidating Statements of Cash Flow
## Table 2 ##
Corporate & Other The following table presents the results of operations of our Corporate & Other segment on an operating basis:
## Table 3 ##
NM Not Meaningful.
Our Corporate & Other segment pretax operating loss excludes net realized gains or losses, integration and restructuring charges and the impact of consolidating CIEs.
Our Corporate & Other segment pretax operating loss was $241 million for the year ended December 31, 2011 compared to $224 million for the prior year.
Operating net revenues, which exclude revenues or losses of CIEs and net realized gains or losses, decreased $1 million, or 25%, to $3 million for the year ended December 31, 2011 compared to $4 million for the prior year.
Net investment loss, which excludes net investment income or loss of the CIEs and net realized gains or losses, was $27 million for the year ended December 31, 2011 compared to $21 million for the prior year.
Other revenues, which exclude revenues or losses of the CIEs, increased $2 million, or 7%, to $30 million for the year ended December 31, 2011 compared to $28 million for the prior year.
During the second quarter of 2011, we reclassified from accumulated other comprehensive income into earnings a $27 million gain on an interest rate hedge put in place in anticipation of issuing debt between December 2010 and June 2011.
Other revenues for 2010 included a $25 million benefit from payments related to the Reserve Funds matter.
Total expenses, which exclude expenses of CIEs and integration and restructuring charges, increased $16 million, or 7%, to $244 million for the year ended December 31, 2011 compared to $228 million for the prior year.
Interest and debt expense, which excludes interest expense on CIE debt, decreased $12 million, or 11%, to $95 million for the year ended December 31, 2011 compared to $107 million for the prior year primarily due to lower average debt balances.
General and administrative expense, which excludes expenses of the CIEs and integration and restructuring charges, increased $28 million, or 23%, to $148 million for the year ended December 31, 2011 compared to $120 million for the prior year.
Fair Value Measurements We report certain assets and liabilities at fair value; specifically, separate account assets, derivatives, embedded derivatives, properties held by our consolidated property funds, and most investments and cash equivalents.
Fair value assumes the exchange of assets or liabilities occurs in orderly transactions.
Companies are not permitted to use market prices that are the result of a forced liquidation or distressed sale.
We include actual market prices, or observable inputs, in our fair value measurements to the extent available.
Broker quotes are obtained when quotes from pricing services are not available.
We validate prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors.
See Note 14 to the Consolidated Financial Statements for additional information on our fair value measurements.
Non-Agency Residential Mortgage Backed Securities Backed by Sub-prime, Alt-A or Prime Collateral Sub-prime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles.
Alt-A mortgage lending is the origination of residential mortgage loans to customers who have credit ratings above sub-prime but may not conform to government-sponsored standards.
Prime mortgage lending is the origination of residential mortgage loans to customers with good credit profiles.
We have exposure to each of these types of loans predominantly through mortgage backed securities.
The slowdown in the U. S.  housing market, combined with relaxed underwriting standards by some originators, has led to higher delinquency and loss rates for some of these investments.
Persistent market conditions have increased the likelihood of other-than-temporary impairments for certain non-agency residential mortgage backed

<table><tr><td>Balance at March 31, 2008</td><td>$168</td></tr><tr><td>Reductions for tax positions for closing of the applicable statute of limitations</td><td>-168</td></tr><tr><td>Balance at March 31, 2009</td><td>$—</td></tr></table>
<table><tr><td><i>(in millions)</i></td><td> 2006</td><td>2005</td><td>2004</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td></tr><tr><td>Spread-Based Investment Business</td><td>$3,554</td><td>$3,547</td><td>$3,192</td></tr><tr><td>Institutional Asset Management</td><td>1,670</td><td>1,195</td><td>1,049</td></tr><tr><td>Brokerage Services and Mutual Funds</td><td>293</td><td>257</td><td>249</td></tr><tr><td>Other</td><td>297</td><td>326</td><td>224</td></tr><tr><td>Total</td><td>$5,814</td><td>$5,325</td><td>$4,714</td></tr><tr><td>Operating income:</td><td></td><td></td><td></td></tr><tr><td>Spread-Based Investment Business<i><sup>(a)</sup></i></td><td>$947</td><td>$1,185</td><td>$1,328</td></tr><tr><td>Institutional Asset Management<i><sup>(b)(c)</sup></i></td><td>1,031</td><td>686</td><td>515</td></tr><tr><td>Brokerage Services and Mutual Funds</td><td>87</td><td>66</td><td>70</td></tr><tr><td>Other</td><td>281</td><td>316</td><td>212</td></tr><tr><td>Total</td><td>$2,346</td><td>$2,253</td><td>$2,125</td></tr></table>
<table><tr><td></td><td>American International</td><td colspan="3"></td></tr><tr><td></td><td>Group, Inc.</td><td>AGC</td><td>Other</td><td>Consolidated</td></tr><tr><td><i>(in millions)</i></td><td>Guarantor</td><td>Issuer</td><td>Subsidiaries</td><td>AIG</td></tr><tr><td> Year Ended December 31, 2006</td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities</td><td>$-590</td><td>$258</td><td>$7,161</td><td>$6,829</td></tr><tr><td>Cash flows from investing:</td><td></td><td></td><td></td><td></td></tr><tr><td>Invested assets disposed</td><td>3,831</td><td>—</td><td>154,283</td><td>158,114</td></tr><tr><td>Invested assets acquired</td><td>-8,298</td><td>—</td><td>-215,759</td><td>-224,057</td></tr><tr><td>Other</td><td>-3,176</td><td>-67</td><td>2,146</td><td>-1,097</td></tr><tr><td>Net cash used in investing activities</td><td>-7,643</td><td>-67</td><td>-59,330</td><td>-67,040</td></tr><tr><td>Cash flows from financing activities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Issuance of debt</td><td>12,038</td><td>—</td><td>61,942</td><td>73,980</td></tr><tr><td>Repayments of debt</td><td>-2,417</td><td>—</td><td>-34,063</td><td>-36,480</td></tr><tr><td>Other</td><td>-1,502</td><td>-191</td><td>23,983</td><td>22,290</td></tr><tr><td>Net cash provided by (used in) financing activities</td><td>8,119</td><td>-191</td><td>51,862</td><td>59,790</td></tr><tr><td>Effect of exchange rate changes on cash</td><td>—</td><td>—</td><td>114</td><td>114</td></tr><tr><td>Change in cash</td><td>-114</td><td>—</td><td>-193</td><td>-307</td></tr><tr><td>Cash at beginning of year</td><td>190</td><td>—</td><td>1,707</td><td>1,897</td></tr><tr><td>Cash at end of year</td><td>$76</td><td>$—</td><td>$1,514</td><td>$1,590</td></tr><tr><td> Year Ended December 31, 2005</td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities</td><td>$1,854</td><td>$805</td><td>$22,723</td><td>$25,382</td></tr><tr><td>Cash flows from investing:</td><td></td><td></td><td></td><td></td></tr><tr><td>Invested assets disposed</td><td>—</td><td>—</td><td>184,843</td><td>184,843</td></tr><tr><td>Invested assets acquired</td><td>-598</td><td>—</td><td>-245,804</td><td>-246,402</td></tr><tr><td>Other</td><td>-1,083</td><td>-247</td><td>389</td><td>-941</td></tr><tr><td>Net cash used in investing activities</td><td>-1,681</td><td>-247</td><td>-60,572</td><td>-62,500</td></tr><tr><td>Cash flows from financing activities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Issuance of debt</td><td>2,101</td><td>—</td><td>64,960</td><td>67,061</td></tr><tr><td>Repayments of debt</td><td>-607</td><td>-398</td><td>-51,099</td><td>-52,104</td></tr><tr><td>Other</td><td>-1,494</td><td>-160</td><td>23,866</td><td>22,212</td></tr><tr><td>Net cash provided by (used in) financing activities</td><td>—</td><td>-558</td><td>37,727</td><td>37,169</td></tr><tr><td>Effect of exchange rate changes on cash</td><td>—</td><td></td><td>-163</td><td>-163</td></tr><tr><td>Change in cash</td><td>173</td><td>—</td><td>-285</td><td>-112</td></tr><tr><td>Cash at beginning of year</td><td>17</td><td>—</td><td>1,992</td><td>2,009</td></tr><tr><td>Cash at end of year</td><td>$190</td><td>$—</td><td>$1,707</td><td>$1,897</td></tr><tr><td> Year Ended December 31, 2004</td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities</td><td>$1,390</td><td>$839</td><td>$27,185</td><td>$29,414</td></tr><tr><td>Cash flows from investing:</td><td></td><td></td><td></td><td></td></tr><tr><td>Invested assets disposed</td><td>502</td><td>—</td><td>149,883</td><td>150,385</td></tr><tr><td>Invested assets acquired</td><td>-107</td><td>—</td><td>-242,231</td><td>-242,338</td></tr><tr><td>Other</td><td>251</td><td>-408</td><td>-486</td><td>-643</td></tr><tr><td>Net cash used in investing activities</td><td>646</td><td>-408</td><td>-92,834</td><td>-92,596</td></tr><tr><td>Cash flows from financing activities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Issuance of debt</td><td>—</td><td>—</td><td>46,695</td><td>46,695</td></tr><tr><td>Repayments of debt</td><td>-400</td><td>-349</td><td>-32,203</td><td>-32,952</td></tr><tr><td>Other</td><td>-1,638</td><td>-82</td><td>52,194</td><td>50,474</td></tr><tr><td>Net cash provided by (used in) financing activities</td><td>-2,038</td><td>-431</td><td>66,686</td><td>64,217</td></tr><tr><td>Effect of exchange rate changes on cash</td><td>—</td><td></td><td>52</td><td>52</td></tr><tr><td>Change in cash</td><td>-2</td><td>—</td><td>1,089</td><td>1,087</td></tr><tr><td>Cash at beginning of year</td><td>19</td><td>—</td><td>903</td><td>922</td></tr><tr><td>Cash at end of year</td><td>$17</td><td>$—</td><td>$1,992</td><td>$2,009</td></tr></table>
<table><tr><td> </td><td colspan="2">Years Ended December 31,</td><td></td><td></td></tr><tr><td> </td><td>2011</td><td>2010</td><td colspan="2">Change</td></tr><tr><td> </td><td colspan="4">(in millions)</td></tr><tr><td> Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$-1</td><td>$—</td><td>$-1</td><td>NM</td></tr><tr><td>Net investment loss</td><td>-27</td><td>-21</td><td>-6</td><td>-29%</td></tr><tr><td>Other revenues</td><td>30</td><td>28</td><td>2</td><td>7</td></tr><tr><td>Total revenues</td><td>2</td><td>7</td><td>-5</td><td>-71</td></tr><tr><td>Banking and deposit interest expense</td><td>-1</td><td>3</td><td>-4</td><td>NM</td></tr><tr><td>Total net revenues</td><td>3</td><td>4</td><td>-1</td><td>-25</td></tr><tr><td> Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>1</td><td>1</td><td>—</td><td>—</td></tr><tr><td>Interest and debt expense</td><td>95</td><td>107</td><td>-12</td><td>-11</td></tr><tr><td>General and administrative expense</td><td>148</td><td>120</td><td>28</td><td>23</td></tr><tr><td>Total expenses</td><td>244</td><td>228</td><td>16</td><td>7</td></tr><tr><td>Operating loss</td><td>$-241</td><td>$-224</td><td>$-17</td><td>-8%</td></tr></table>

Question: What is the ratio of Invested assets disposed of Other Subsidiaries in Table 2 to the Institutional Asset Management in Table 1 in 2005?
Answer: 154.68033