Expenses Total expenses increased $7 million to $1.7 billion for the year ended December 31, 2012 compared to the prior year.
Benefits, claims, losses and settlement expenses increased $8 million, or 1%, to $1.1 billion for the year ended December 31, 2012 compared to the prior year due to higher expenses related to our auto and home business, partially offset by a $14 million benefit from unlocking and model changes in 2012 primarily due to favorable mortality experience compared to a $4 million benefit in the prior year, as well as a $9 million benefit from a life insurance reserve release in 2012.
Benefits, claims, losses and settlement expenses related to our auto and home business increased $28 million compared to the prior year primarily due to premium growth, as well as higher catastrophe losses.
Auto and home catastrophe losses in 2012 were $55 million, including $20 million from Superstorm Sandy, compared to $45 million in 2011.
Amortization of DAC decreased $9 million, or 8%, to $110 million for the year ended December 31, 2012 compared to $119 million for the prior year due to a $14 million benefit from unlocking and model changes in 2012 primarily due to lowered mortality assumption compared to a $1 million benefit in the prior year.
Corporate & Other Our Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in our subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses.
The Corporate & Other segment also includes revenues and expenses of CIEs, which are excluded on an operating basis.
The following table presents the results of operations of our Corporate & Other segment on an operating basis:
## Table 0 ##
NM Not Meaningful.
Our Corporate & Other segment pretax operating loss excludes net realized gains or losses, the impact of consolidating CIEs and restructuring charges.
Our Corporate & Other segment pretax operating loss was $270 million for the year ended December 31, 2012 compared to $241 million for the prior year.
Net revenues, which exclude revenues or losses of CIEs, net realized gains or losses and restructuring charges, increased $17 million to $20 million for the year ended December 31, 2012 compared to $3 million for the prior year.
Net investment income, which excludes net investment income or loss of the CIEs, net realized gains or losses and restructuring charges, was $9 million for the year ended December 31, 2012 compared to a loss of $27 million for the prior year primarily reflecting a volume-driven increase in interest income and $7 million of lower losses on our affordable housing partnerships.
Other revenues decreased $20 million, or 67%, to $10 million for the year ended December 31, 2012 compared to $30 million for the prior year due to a $27 million gain on an interest rate hedge put in place in anticipation of issuing debt that was reclassified from accumulated other comprehensive income into earnings in 2011.
Total expenses, which exclude expenses of CIEs and restructuring charges, increased $46 million, or 19%, to $290 million for the year ended December 31, 2012 compared to $244 million for the prior year due to an increase in general and administrative expense driven by higher severance expense, compensation related accruals and investment spending, partially offset by a $15 million benefit from a settlement with a third-party service provider.
The change in the liability for prior year incurred unpaid reported and unreported claims and claim adjustment expenses related to auto and home, life, DI and LTC policies was a decrease of $24 million, a decrease of $2 million and an increase of $9 million for the years 2016, 2015 and 2014, respectively.  ?
In 2016, there was a $6 million decrease primarily reflecting favorable closed claim trends of DI and LTC policies and a decrease of $18 million related to favorable prior year reserve development for auto and home business of $20 million partially offset by unfavorable prior year catastrophe reserve development of $2 million.  ?
In 2015, there was a $60 million decrease primarily reflecting favorable closed claim trends of DI and LTC policies and from an update to assumptions related to life rider benefits partially offset by an increase of $58 million related to elevated frequency and severity experience for auto injury claims for 2014 and prior accident years as well as a more gradual than anticipated improvement of 2014 and prior years existing claims and unfavorable prior year catastrophe reserve development associated with 2014 hail storms.  ?
In 2014, there was a $42 million decrease related to favorable closed claim trends primarily related to DI and LTC policies more than offset by a $54 million increase primarily reflecting adverse development in the 2013 and prior accident years auto liability coverage.
Portions of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the policy.
These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the policy.
The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges.
Separate Account Liabilities Separate account liabilities consisted of the following:
## Table 1 ##
Threadneedle Investment Liabilities Threadneedle provides a range of unitized pooled pension funds, which invest in property, stocks, bonds and cash.
The investments are selected by the clients and are based on the level of risk they are willing to assume.
All investment performance, net of fees, is passed through to the investors.
The value of the liabilities represents the fair value of the pooled pension funds.11.
Variable Annuity and Insurance Guarantees The majority of the variable annuity contracts offered by the Company contain GMDB provisions.
The Company also offers variable annuities with GGU, GMWB and GMAB provisions.
The Company previously offered contracts containing GMIB provisions.
See Note 2 and Note 10 for additional information regarding the Company’s variable annuity guarantees.
The GMDB and GGU provisions provide a specified minimum return upon death of the contractholder.
The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract.
The Company has the following primary GMDB provisions: ?
Return of premium — provides purchase payments minus adjusted partial surrenders.  ?
Reset — provides that the value resets to the account value every sixth contract anniversary minus adjusted partial surrenders.
This provision was often provided in combination with the return of premium provision and is no longer offered.  ?
Ratchet — provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders.
All states require participation in insurance guaranty associations, which assess fees to insurance companies in order to fund claims of policyholders and contractholders of insolvent insurance companies subject to statutory limits.
These assessments are generally based on a member insurer’s proportionate share of all premiums written by member insurers in the state during a specified period prior to an insurer’s insolvency.
See Note 23 to our Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for additional information regarding guaranty association assessments.
Certain variable annuity and variable life insurance policies offered by the RiverSource Life companies constitute and are registered as securities under the Securities Act of 1933, as amended.
As such, these products are subject to regulation by the SEC and FINRA.
Securities regulators have recently increased their focus on the adequacy of disclosure regarding complex investment products, including variable annuities and life insurance products, and have announced that they will continue to review actions by life insurers to improve profitability and reduce risks under in force annuity and insurance products with guaranteed benefits.
The Dodd-Frank Act created the Federal Insurance Office (‘‘FIO’’) within the Department of Treasury.
The FIO does not have substantive regulatory responsibilities, though it is tasked with monitoring the insurance industry and the effectiveness of its regulatory framework and providing periodic reports to the President and Congress.
RiverSource Life owns a block of residential mortgage loans.
As an owner and servicer of residential mortgages, RiverSource Life must comply with applicable federal and state lending and foreclosure laws and is subject to the jurisdiction of the federal Consumer Finance Protection Bureau and certain state regulators relative to these mortgage loans.
Each of our insurance subsidiaries is subject to risk-based capital (‘‘RBC’’) requirements designed to assess the adequacy of an insurance company’s total adjusted capital in relation to its investment, insurance and other risks.
The National Association of Insurance Commissioners (‘‘NAIC’’) has established RBC standards that all state insurance departments have adopted.
The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders.
Our RiverSource Life companies and Property Casualty companies are subject to various levels of regulatory intervention should their total adjusted statutory capital fall below defined RBC action levels.
At the ‘‘company action level,’’ defined as total adjusted capital level between 100% and 75% of the RBC requirement, an insurer must submit a plan for corrective action with its primary state regulator.
The level of regulatory intervention is greater at lower levels of total adjusted capital relative to the RBC requirement.
RiverSource Life, RiverSource Life of NY, IDS Property Casualty and Ameriprise Insurance Company maintain capital levels well in excess of the company action level required by state insurance regulators as noted below as of December 31, 2016:
## Table 2 ##
Ameriprise Financial, as a direct and indirect owner of its insurance subsidiaries, is subject to the insurance holding companies laws of the states where its insurance subsidiaries are domiciled.
These laws generally require insurance holding companies to register with the insurance department of the insurance company’s state of domicile and to provide certain financial and other information about the operations of the companies within the holding company structure.
As part of its Solvency Modernization Initiative, in 2010 the NAIC adopted revisions to its Insurance Holding Company System Regulatory Act (‘‘Holding Company Act’’) to enhance insurer group supervision and create a new Risk Management and Own Risk and Solvency Assessment (‘‘ORSA’’) Model Act.
The Holding Company Act revisions focus on the overall insurance holding company system, establish a framework of regulator supervisory colleges, enhancements to corporate governance, and require the annual filing of an Enterprise Risk Management Report.
The ORSA Model Act requires that an insurer create and file, annually, its Own Risk Solvency Assessment, which is a complete self-assessment of its risk management functions and capital adequacy.
These laws have now been enacted by the domiciliary states of RiverSource Life and the Property Casualty companies: Minnesota, New York and Wisconsin.
The reports have been completed and filed as required by the laws and regulations of those states.
Federal Banking Regulation In January 2013, Ameriprise Bank received approval for and completed the conversion from a federal savings bank to a limited powers national trust bank, which was renamed Ameriprise National Trust Bank.
As a limited powers national association, Ameriprise National Trust Bank remains subject to supervision under various laws and regulations enforced by
common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements, and subject to stock price, business and market conditions and other factors.
We have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations.
In the future, we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions.
There were no repurchases of our Series A and B common stock during the three months ended December 31, 2013.
The Company first announced its stock repurchase program on August 3, 2010.
Stock Performance Graph The following graph sets forth the cumulative total shareholder return on our Series A common stock, Series B common stock and Series C common stock as compared with the cumulative total return of the companies listed in the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and a peer group of companies comprised of CBS Corporation Class B common stock, Scripps Network Interactive, Inc. , Time Warner, Inc. , Twenty-First Century Fox, Inc.  Class A common stock (News Corporation Class A Common Stock prior to June 2013), Viacom, Inc.  Class B common stock and The Walt Disney Company.
The graph assumes $100 originally invested on December 31, 2008 in each of our Series A common stock, Series B common stock and Series C common stock, the S&P 500 Index, and the stock of our peer group companies, including reinvestment of dividends, for the years ended December 31, 2009, 2010, 2011, 2012 and 2013.
## Table 3 ##
Equity Compensation Plan Information Information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive Proxy Statement for our 2014 Annual Meeting of Stockholders under the caption “Securities Authorized for Issuance Under Equity Compensation Plans,” which is incorporated herein by reference.

Tables referenced above, in order (Table 0 first):
<table><tr><td> </td><td colspan="2">Years Ended December 31,</td><td></td><td></td></tr><tr><td> </td><td>2012</td><td>2011</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>$-1</td><td>$-1</td><td>$—</td><td>—</td></tr><tr><td>Distribution fees</td><td>1</td><td>—</td><td>1</td><td>NM</td></tr><tr><td>Net investment income (loss)</td><td>9</td><td>-27</td><td>36</td><td>NM</td></tr><tr><td>Other revenues</td><td>10</td><td>30</td><td>-20</td><td>-67%</td></tr><tr><td>Total revenues</td><td>19</td><td>2</td><td>17</td><td>NM</td></tr><tr><td>Banking and deposit interest expense</td><td>-1</td><td>-1</td><td>—</td><td>—</td></tr><tr><td>Total net revenues</td><td>20</td><td>3</td><td>17</td><td>NM</td></tr><tr><td> Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>—</td><td>1</td><td>-1</td><td>NM</td></tr><tr><td>Interest and debt expense</td><td>94</td><td>95</td><td>-1</td><td>-1</td></tr><tr><td>General and administrative expense</td><td>196</td><td>148</td><td>48</td><td>32</td></tr><tr><td>Total expenses</td><td>290</td><td>244</td><td>46</td><td>19</td></tr><tr><td>Operating loss</td><td>$-270</td><td>$-241</td><td>$-29</td><td>-12%</td></tr></table>
<table><tr><td rowspan="3"></td><td colspan="2">December 31,</td></tr><tr><td>2016</td><td>2015</td></tr><tr><td colspan="2">(in millions)</td></tr><tr><td>Variable annuity</td><td>$69,606</td><td>$69,333</td></tr><tr><td>VUL insurance</td><td>6,659</td><td>6,637</td></tr><tr><td>Other insurance</td><td>33</td><td>34</td></tr><tr><td>Threadneedle investment liabilities</td><td>3,912</td><td>4,345</td></tr><tr><td>Total</td><td>$80,210</td><td>$80,349</td></tr></table>
<table><tr><td>Entity</td><td>Company Action Level RBC</td><td>TotalAdjusted Capital</td><td>% of Company Action Level RBC</td></tr><tr><td></td><td colspan="3">(in millions, except percentages)</td></tr><tr><td>RiverSource Life</td><td>$606</td><td>$3,052</td><td>504%</td></tr><tr><td>RiverSource Life of NY</td><td>38</td><td>323</td><td>848</td></tr><tr><td>IDS Property Casualty</td><td>141</td><td>800</td><td>568</td></tr><tr><td>Ameriprise Insurance Company</td><td>1</td><td>47</td><td>8,761</td></tr></table>
<table><tr><td></td><td>December 31,2008</td><td>December 31,2009</td><td>December 31,2010</td><td>December 31,2011</td><td>December 31,2012</td><td>December 31,2013</td></tr><tr><td>DISCA</td><td>$100.00</td><td>$216.60</td><td>$294.49</td><td>$289.34</td><td>$448.31</td><td>$638.56</td></tr><tr><td>DISCB</td><td>$100.00</td><td>$207.32</td><td>$287.71</td><td>$277.03</td><td>$416.52</td><td>$602.08</td></tr><tr><td>DISCK</td><td>$100.00</td><td>$198.06</td><td>$274.01</td><td>$281.55</td><td>$436.89</td><td>$626.29</td></tr><tr><td>S&P 500</td><td>$100.00</td><td>$123.45</td><td>$139.23</td><td>$139.23</td><td>$157.90</td><td>$204.63</td></tr><tr><td>Peer Group</td><td>$100.00</td><td>$151.63</td><td>$181.00</td><td>$208.91</td><td>$286.74</td><td>$454.87</td></tr></table>

Question: what was the five year average uncompounded annual return for the s&p 500?
Answer: 20.926
Reasoning program: subtract(2013,2008), subtract(204.63,const_100), divide(#1,#0)