Separate account liabilities consisted of the following:
## Table 0 ##
Fixed Annuities Fixed annuities include both deferred and payout contracts.
Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested.
Payout contracts guarantee a fixed income payment for life or the term of the contract.
The Company generally invests the proceeds from the annuity payments in fixed rate securities.
The Company may hedge the interest rate risks related to fixed annuities with derivative instruments.
As of December 31, 2010 and 2009, there were no outstanding derivatives to hedge these risks.
Equity Indexed Annuities The Index 500 Annuity, the Company’s EIA product, is a single premium deferred fixed annuity.
The contract is issued with an initial term of seven years and interest earnings are linked to the S&P 500 Index.
This annuity has a minimum interest rate guarantee of 3% on 90% of the initial premium, adjusted for any surrenders.
The Company generally invests the proceeds from the annuity deposits in fixed rate securities and hedges the equity risk with derivative instruments.
See Note 16 for additional information regarding the Company’s derivative instruments.
In 2007, the Company discontinued new sales of equity indexed annuities.
Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account.
A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders.
Most of the variable annuity contracts issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB and GGU provisions.
The Company previously offered contracts with GMIB provisions.
See Note 2 and Note 12 for additional information regarding the Company’s variable annuity guarantees.
The Company does not currently hedge its risk under the GMDB, GGU and GMIB provisions.
See Note 16 for additional information regarding derivative instruments used to hedge risks related to GMWB and GMAB provisions.
Insurance Liabilities VUL/UL is the largest group of insurance policies written by the Company.
Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion to a fixed account.
A vast majority of the premiums received for VUL contracts are held in separate accounts where the assets are held for the exclusive benefit of those policyholders.
The Company also offers term and whole life insurance as well as disability products.
The Company no longer offers LTC products but has in force policies from prior years.
Insurance liabilities include accumulation values, unpaid reported claims, incurred but not reported claims and obligations for anticipated future claims.
Portions of the Company’s fixed and variable universal life contracts have product features that result in profits followed by losses from the insurance component of the contract.
These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract.
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.
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 value of the units in issue of the pooled pension funds.
treasury shares under the 2005 ICP and 2008 Plan were 0.3 million shares in each of the years ended December 31, 2010, 2009 and 2008.
For the years ended December 31, 2010, 2009 and 2008, the Company reacquired 0.4 million, 0.5 million and 0.5 million shares, respectively, of its common stock through the surrender of restricted shares upon vesting and paid in the aggregate $17 million, $11 million and $24 million, respectively, related to the holders’ income tax obligations on the vesting date.
In 2010, the Company also reacquired 0.1 million shares of its common stock with an aggregate value of $7 million from a total return swap used to economically hedge its Franchise Advisor Deferral Plan.
See Note 16 for additional information.
In 2009, the Company issued and sold 36 million shares of its common stock.
The proceeds of $869 million were used for general corporate purposes, including the Company’s acquisition of the long-term asset management business of the Columbia Management Group.
In 2008, the Company reissued 1.8 million treasury shares for restricted stock award grants and the issuance of shares vested under the Franchise Advisor Deferral Plan and the Transition and Opportunity Bonus program.19.
Earnings per Share Attributable to Ameriprise Financial, Inc.  Common Shareholders The computations of basic and diluted earnings per share attributable to Ameriprise Financial, Inc.  common shareholders were as follows:
## Table 1 ##
(1) Diluted shares used in this calculation represent basic shares due to the net loss.
Using actual diluted shares would result in anti-dilution.20.
Regulatory Requirements Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s subsidiaries.
At December 31, 2010, the aggregate amount of unrestricted net assets was approximately $2.4 billion.
The National Association of Insurance Commissioners (‘‘NAIC’’) defines Risk-Based Capital (‘‘RBC’’) requirements for insurance companies.
The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders.
These requirements apply to both the Company’s life and property casualty insurance companies.
In addition, IDS Property Casualty is subject to the statutory surplus requirements of the State of Wisconsin.
The Company’s life and property casualty companies each met their respective minimum RBC requirements.
State insurance statutes also contain limitations as to the amount of dividends and distributions that insurers may make without providing prior notification to state regulators.
For RiverSource Life, dividends or distributions in excess of statutory unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce, RiverSource Life’s primary regulator, and are subject to potential disapproval.
In addition, dividends whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceeds the greater of (i) the previous year’s statutory net gain from operations or (ii) 10% of the previous year-end statutory capital and surplus are referred to as ‘‘extraordinary dividends.
’’ Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval.
Government debt securities of $6 million and $7 million at December 31, 2010 and 2009, respectively, held by the Company’s life insurance subsidiaries were on deposit with various states as required by law and satisfied legal requirements.
Statutory capital and surplus for RiverSource Life were $3.7 billion, $3.4 billion and $2.5 billion for the years ended December 31, 2010, 2009 and 2008, respectively.
Ameriprise Certificate Company (‘‘ACC’’) is registered as an investment company under the Investment Company Act of 1940 (the ‘‘1940 Act’’).
ACC markets and sells investment certificates to clients.
ACC is subject to various capital requirements under the 1940 Act, laws of the State of Minnesota and understandings with the Securities and Exchange
The following tables present the changes in Columbia (formerly RiverSource Investments branded funds) and Threadneedle managed assets:
## Table 2 ##
(1) Prior to the Columbia Management Acquisition, the domestic managed assets of our Asset Management segment, which are now included in Columbia Managed Assets, were managed by RiverSource Investments.
(2) Included in Market appreciation and other is $118.1 billion due to the Columbia Management Acquisition, including $3 billion of assets that were transferred to RiverSource Sub-advised through the implementation of the Portfolio Navigator program, and an additional $13.1 billion of Portfolio Navigator related assets sub-advised by others.
(3) Included in Market appreciation and other is $68.4 billion due to the Columbia Management Acquisition.
## Table 3 ##
(1) Prior to the Columbia Management Acquisition, the domestic managed assets of our Asset Management segment, which are now included in Columbia Managed Assets, were managed by RiverSource Investments.
(2) Included in Market appreciation (depreciation) and other are assets due to the addition of Standard Chartered Bank’s World Express Funds investment business.
Columbia assets under management were $355.5 billion at December 31, 2010 compared to $149.0 billion a year ago, driven by the Columbia Management Acquisition and market appreciation, partially offset by net outflows.
Equity and fixed income investment performance remained strong across one-, three- and five-year periods.
Retail net outflows of $7.4 billion in 2010 were primarily in equity and subadvisory portfolios, reflecting industry-wide outflows in equities and lower retail sales as a result of pending fund mergers.
Institutional net outflows of $7.1 billion in 2010 were primarily in lower basis point fixed income portfolios.
Threadneedle assets under management were $105.6 billion at December 31, 2010, up 8% from a year ago reflecting year-over-year market appreciation and retail net inflows, partially offset by negative foreign currency translation and institutional net outflows.
Total net outflows of $0.6 billion in 2010 reflected net outflows in lower basis point institutional portfolios, partially offset by retail net inflows from higher sales from European investors.
Institutional net outflows in 2010
Purchases of Equity Securities The following table provides information about our repurchases of our common stock registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the quarter ended December 31, 2014.
## Table 4 ##
(a) We close our books and records on the last Sunday of each month to align our financial closing with our business processes, except for the month of December, as our fiscal year ends on December 31.
As a result, our fiscal months often differ from the calendar months.
For example, September 29, 2014 was the first day of our October 2014 fiscal month.
(b) In October 2010, our Board of Directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices.
On September 25, 2014, our Board of Directors authorized a $2.0 billion increase to the program.
Under the program, management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation.
We also may make purchases under the program pursuant to Rule 10b5-1 plans.
The program does not have an expiration date.
(c) During the quarter ended December 31, 2014, the total number of shares purchased included 57,014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units.
These purchases were made pursuant to a separate authorization by our Board of Directors and are not included within the program.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2">December 31,</td></tr><tr><td></td><td>2010</td><td>2009</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>Variable annuity variable sub-accounts</td><td>$57,862</td><td>$48,982</td></tr><tr><td>VUL insurance variable sub-accounts</td><td>5,887</td><td>5,239</td></tr><tr><td>Other insurance variable sub-accounts</td><td>46</td><td>46</td></tr><tr><td>Threadneedle investment liabilities</td><td>4,535</td><td>3,862</td></tr><tr><td>Total</td><td>$68,330</td><td>$58,129</td></tr></table>
<table><tr><td> </td><td colspan="3">Years Ended December 31,</td></tr><tr><td> </td><td>2010 </td><td>2009 </td><td>2008</td></tr><tr><td> </td><td colspan="3">(in millions, except per share amounts)</td></tr><tr><td> Numerator:</td><td></td><td></td><td></td></tr><tr><td>Net income (loss) attributable to Ameriprise Financial, Inc.</td><td>$1,097</td><td>$722</td><td>$-36</td></tr><tr><td> Denominator:</td><td></td><td></td><td></td></tr><tr><td>Basic: Weighted-average common shares outstanding</td><td>257.4</td><td>242.2</td><td>222.3</td></tr><tr><td>Effect of potentially dilutive nonqualified stock options and other share-based awards</td><td>4.9</td><td>2.2</td><td>2.6</td></tr><tr><td>Diluted: Weighted-average common shares outstanding</td><td>262.3</td><td>244.4</td><td>224.9</td></tr><tr><td> Earnings (loss) per share attributable to Ameriprise Financial, Inc. common shareholders:</td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$4.26</td><td>$2.98</td><td>$-0.16</td></tr><tr><td>Diluted</td><td>$4.18</td><td>$2.95</td><td>$-0.16 (1)</td></tr></table>
<table><tr><td></td><td>December 31, 2009</td><td>Net Flows</td><td>Market Appreciation/ (Depreciation) & Other</td><td>Foreign Exchange</td><td>December 31, 2010</td></tr><tr><td></td><td colspan="5">(in billions)</td></tr><tr><td>Columbia Managed Assets:-1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retail Funds</td><td>$76.9</td><td>$-7.4</td><td>$149.0-2</td><td>$—</td><td>$218.5</td></tr><tr><td>Institutional Funds</td><td>62.3</td><td>-7.1</td><td>72.0-3</td><td>—</td><td>127.2</td></tr><tr><td>Alternative Funds</td><td>9.9</td><td>—</td><td>0.1</td><td>—</td><td>10.0</td></tr><tr><td>Less: Eliminations</td><td>-0.1</td><td>—</td><td>-0.1</td><td>—</td><td>-0.2</td></tr><tr><td>Total Columbia Managed Assets</td><td>149.0</td><td>-14.5</td><td>221.0</td><td>—</td><td>355.5</td></tr><tr><td>Threadneedle Managed Assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retail Funds</td><td>29.1</td><td>1.7</td><td>3.7</td><td>-1.1</td><td>33.4</td></tr><tr><td>Institutional Funds</td><td>66.8</td><td>-2.1</td><td>8.6</td><td>-2.4</td><td>70.9</td></tr><tr><td>Alternative Funds</td><td>1.9</td><td>-0.2</td><td>-0.4</td><td>—</td><td>1.3</td></tr><tr><td>Total Threadneedle Managed Assets</td><td>97.8</td><td>-0.6</td><td>11.9</td><td>-3.5</td><td>105.6</td></tr><tr><td>Less: Sub-Advised Eliminations</td><td>-3.6</td><td>—</td><td>-0.7</td><td>—</td><td>-4.3</td></tr><tr><td>Total Managed Assets</td><td>$243.2</td><td>$-15.1</td><td>$232.2</td><td>$-3.5</td><td>$456.8</td></tr></table>
<table><tr><td></td><td>December 31, 2008</td><td>Net Flows</td><td>Market Appreciation/ (Depreciation) & Other</td><td>ForeignExchange</td><td>December 31, 2009</td></tr><tr><td></td><td colspan="5">(in billions)</td></tr><tr><td>Columbia Managed Assets:-1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retail Funds</td><td>$63.9</td><td>$-2.4</td><td>$15.4</td><td>$—</td><td>$76.9</td></tr><tr><td>Institutional Funds</td><td>54.7</td><td>2.6</td><td>5.0</td><td>—</td><td>62.3</td></tr><tr><td>Alternative Funds</td><td>9.4</td><td>-0.1</td><td>0.6</td><td>—</td><td>9.9</td></tr><tr><td>Less: Eliminations</td><td>-0.1</td><td>—</td><td>—</td><td>—</td><td>-0.1</td></tr><tr><td>Total Columbia Managed Assets</td><td>127.9</td><td>0.1</td><td>21.0</td><td>—</td><td>149.0</td></tr><tr><td>Threadneedle Managed Assets:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retail Funds</td><td>16.3</td><td>4.8</td><td>6.2-2</td><td>1.8</td><td>29.1</td></tr><tr><td>Institutional Funds</td><td>55.3</td><td>-1.4</td><td>7.5</td><td>5.4</td><td>66.8</td></tr><tr><td>Alternative Funds</td><td>2.6</td><td>0.1</td><td>-1.0</td><td>0.2</td><td>1.9</td></tr><tr><td>Total Threadneedle Managed Assets</td><td>74.2</td><td>3.5</td><td>12.7</td><td>7.4</td><td>97.8</td></tr><tr><td>Less: Sub-Advised Eliminations</td><td>-2.5</td><td>—</td><td>-1.1</td><td>—</td><td>-3.6</td></tr><tr><td>Total Managed Assets</td><td>$199.6</td><td>$3.6</td><td>$32.6</td><td>$7.4</td><td>$243.2</td></tr></table>
<table><tr><td>Period<sup>(a)</sup></td><td>Total Number of Shares Purchased</td><td>Average Price Paid Per Share</td><td>Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs<sup>(b)</sup></td><td>Amount Available for Future Share Repurchases Under the Plans or Programs<sup>(b)</sup>  (in millions)</td></tr><tr><td>September 29, 2014 – October 26, 2014</td><td>399,259</td><td>$176.96</td><td>397,911</td><td>$3,825</td></tr><tr><td>October 27, 2014 – November 30, 2014</td><td>504,300</td><td>$187.74</td><td>456,904</td><td>$3,739</td></tr><tr><td>December 1, 2014 – December 31, 2014</td><td>365,683</td><td>$190.81</td><td>357,413</td><td>$3,671</td></tr><tr><td>Total</td><td>1,269,242<sup>(c)</sup></td><td>$185.23</td><td>1,212,228</td><td>$3,671</td></tr></table>

Question: What is the ratio of Total Columbia Managed Assets to Total Managed Assets in 2008 as December 31, 2008?
Answer: 0.64078
Reasoning program: divide(127.9,199.6)