CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS):
## Table 0 ##
## Table 1 ##
CONSOLIDATED STATEMENT OF CASH FLOWS:
The following table presents a reconciliation of beginning and ending reserve balances for the periods indicated on a GAAP basis:
## Table 2 ##
Incurred prior years’ reserves decreased by $295.3 million, $65.0 million and $39.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.
The decrease for 2016 was attributable to favorable development in the reinsurance segments of $468.7 million related primarily to property and short-tail business in the U. S. , property business in Canada, Latin America, Middle East and Africa, as well as favorable development on prior year catastrophe losses, partially offset by $53.9 million of adverse development on A&E reserves.
Part of the favorable development in the reinsurance segments related to the 2015 loss from the explosion at the Chinese port of Tianjin.
In 2015, this loss was originally estimated to be $60.0 million.
At December 31, 2016, this loss was projected to be $16.7 million resulting in $43.3 million of favorable development in 2016.
The net favorable development in the reinsurance segments was partially offset by $173.4 million of unfavorable development in the insurance segment primarily related to run-off construction liability and umbrella program business.
The decrease for 2015 was attributable to favorable development in the reinsurance segments of $217.2 million related to treaty casualty and treaty property reserves, partially offset by $152.1 million of unfavorable development in the insurance segment primarily related to umbrella program and construction liability business.
The decrease for 2014 was attributable to favorable development in the reinsurance segments of $202.4 million related to treaty casualty, treaty property and catastrophe reserves, partially offset by $137.8 million development on A&E reserves and $25.0 million of unfavorable development in the insurance segment primarily related to umbrella program and construction liability business.
Since the Company has operations in many countries, part of the Company’s loss and LAE reserves are in foreign currencies and translated to U. S.  dollars for each reporting period.
Fluctuations in the exchange rates for the currencies, period over period, affect the U. S.  dollar amount of outstanding reserves.
The translation adjustment line at the bottom of the table eliminates the impact of the exchange fluctuations from the reserve re-estimates.
The Company’s loss reserving methodologies continuously monitor the emergence of loss and loss development trends, seeking, on a timely basis, to both adjust reserves for the impact of trend shifts and to factor the impact of such shifts into the Company’s underwriting and pricing on a prospective basis.
Reserves for Asbestos and Environmental Losses and LAE.
At December 31, 2016, the Company’s gross reserves for A&E claims represented 4.3% of its total reserves.
The Company’s A&E liabilities stem from Mt.
McKinley’s direct insurance business and Everest Re’s assumed reinsurance business.
Liabilities related to Mt.
McKinley’s direct business, which had been ceded to Bermuda Re previously, were retroceded to an affiliate of Clearwater Insurance Company in July 2015, concurrent with the sale of Mt.
McKinley to Clearwater Insurance Company.
There are significant uncertainties in estimating the amount of the Company’s potential losses from A&E claims and ultimate values cannot be estimated using traditional reserving techniques.
See ITEM 7, “Management’s Discussion
Other expense, net increased $0.8 million to $7.2 million in 2015 from $6.4 million in 2014.
This increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015.
Provision for income taxes increased $19.9 million to $154.1 million in 2015 from $134.2 million in 2014.
Our effective tax rate was 39.9% in 2015 compared to 39.2% in 2014.
Our effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our Connected Fitness acquisitions in 2015.
Year Ended December 31, 2014 Compared to Year Ended December 31, 2013 Net revenues increased $752.3 million, or 32.3%, to $3,084.4 million in 2014 from $2,332.1 million in 2013.
Net revenues by product category are summarized below:

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CONSOLIDATED STATEMENTS OF OPERATIONS	Twelve Months Ended December 31, 2015	Twelve Months Ended December 31, 2014
AND COMPREHENSIVE INCOME (LOSS):	Effect of adoption of new accounting policy	Effect of adoption of new accounting policy
As previously reported	As adopted	As previously reported	As adopted
(Dollars in thousands)
REVENUES:
Premiums earned	$5,481,459	$-188,617	$5,292,842	$5,169,135	$-125,428	$5,043,707
Net investment income	473,825	-352	473,473	530,570	-85	530,485
Other income (expense)	60,435	27,845	88,280	18,437	13,871	32,308
Total revenues	5,837,889	-161,124	5,676,765	5,790,589	-111,642	5,678,947
CLAIMS AND EXPENSES:
Incurred losses and loss adjustment expenses	3,101,915	-37,200	3,064,715	2,906,534	-30,598	2,875,936
Commission, brokerage, taxes and fees	1,202,036	-18,390	1,183,646	1,135,586	-14,441	1,121,145
Other underwriting expenses	265,984	-8,915	257,069	240,400	-7,296	233,104
Total claims and expenses	4,629,380	-64,505	4,564,875	4,344,474	-52,335	4,292,139
INCOME (LOSS) BEFORE TAXES	1,208,509	-96,619	1,111,890	1,446,115	-59,307	1,386,808
NET INCOME (LOSS)	1,074,488	-96,619	977,869	1,258,463	-59,307	1,199,156
Net income (loss) attributable to noncontrolling interests	-96,619	96,619	-	-59,307	59,307	-
NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP	977,869	-977,869	-	1,199,156	-1,199,156	-

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CONSOLIDATED STATEMENT OF CASH FLOWS:	Twelve Months Ended December 31, 2015	Twelve Months Ended December 31, 2014
(Dollars in thousands)	As previously reported	Effect of adoption of new accounting policy	As adopted	As previously reported	Effect of adoption of new accounting policy	As adopted
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$1,074,488	$-96,619	$977,869	$1,258,463	$-59,307	$1,199,156
Decrease (increase) in premiums receivable	-93,837	-4,374	-98,211	45,282	3,089	48,371
Decrease (increase) in funds held by reinsureds, net	31,225	-75,000	-43,775	-1,835	-	-1,835
Decrease (increase) in reinsurance receivables	-240,414	-24,689	-265,103	-186,014	-24,634	-210,648
Decrease (increase) in prepaid reinsurance premiums	-14,486	-7,333	-21,819	-79,086	956	-78,130
Increase (decrease) in other net payable to reinsurers	38,262	5,465	43,727	29,410	-1,102	28,308
Change in other assets and liabilities, net	264	-9,198	-8,934	35,419	-178,054	-142,635
Net cash provided by (used in) operating activities	1,308,382	-211,748	1,096,634	1,313,821	-259,059	1,054,762
CASH FLOWS FROM INVESTING ACTIVITIES:
Net change in short-term investments	-98,903	440,636	341,733	-497,983	421,500	-76,483
Net cash provided by (used in) investing activities	-1,121,737	440,636	-681,101	-1,180,072	421,500	-758,572
CASH FLOWS FROM FINANCING ACTIVITIES:
Third party investment in redeemable noncontrolling interest	266,848	-266,848	-	136,200	-136,200	-
Subscription advances for third party redeemable noncontrolling interest	30,000	-30,000	-	40,000	-40,000	-
Dividends paid on third party investment in redeemable noncontrolling interest	-68,158	68,158	-	-10,334	10,334	-
Net cash provided by (used in) financing activities	-332,879	-228,690	-561,569	-312,232	-165,866	-478,098
EFFECT OF EXCHANGE RATE CHANGES ON CASH	-7,582	-198	-7,780	4,575	3,425	8,000

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Years Ended December 31,
(Dollars in millions)	2016	2015	2014
Gross reserves at beginning of period	$9,951.8	$9,720.8	$9,673.2
Incurred related to:
Current year	3,434.9	3,129.7	2,915.6
Prior years	-295.3	-65.0	-39.7
Total incurred losses	3,139.6	3,064.7	2,875.9
Paid related to:
Current year	745.6	690.0	755.9
Prior years	2,043.0	2,180.1	2,088.8
Total paid losses	2,788.6	2,870.1	2,844.7
Foreign exchange/translation adjustment	-99.9	-190.0	-160.7
Change in reinsurance receivables on unpaid losses and LAE	109.4	226.4	176.9
Gross reserves at end of period	$10,312.3	$9,951.8	$9,720.8
(Some amounts may not reconcile due to rounding.)

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Question: What is the difference between the greatest Premiums earned in As previously reported in 2015 and 2014?
Answer: 312324.0