AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (3) Consists of customer-related intangibles of approximately $75.0 million and network location intangibles of approximately $72.7 million.
The customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years.
(4) The Company expects that the goodwill recorded will be deductible for tax purposes.
The goodwill was allocated to the Company’s international rental and management segment.
On September 12, 2012, the Company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from Telefónica Mexico.
On September 27, 2012 and December 14, 2012, the Company completed the purchase of 279 and 2 communications sites, for an aggregate purchase price of $63.5 million (including value added tax of $8.8 million).
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
## Table 0 ##
(1) Consists of customer-related intangibles of approximately $10.7 million and network location intangibles of approximately $10.4 million.
The customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years.
(2) The Company expects that the goodwill recorded will be deductible for tax purposes.
The goodwill was allocated to the Company’s international rental and management segment.
On November 16, 2012, the Company entered into an agreement to purchase up to 198 additional communications sites from Telefónica Mexico.
On December 14, 2012, the Company completed the purchase of 188 communications sites, for an aggregate purchase price of $64.2 million (including value added tax of $8.9 million).
Notes to Consolidated Financial Statements Note 8.
Claim and Claim Adjustment Expense Reserves – (Continued) The following table and discussion presents detail of the net prior year claim and allocated claim adjustment expense reserve development (“development”):
## Table 1 ##
2016 Favorable development for medical professional liability was primarily due to lower than expected severities for individual health care professionals, allied facilities and hospitals in accident years 2011 and prior and better than expected severity in medical products liability in accident years 2010 through 2015.
This was partially offset by unfavorable development in accident years 2012 and 2013 related to higher than expected large loss emergence in hospitals and higher than expected frequency and severity in accident years 2014 and 2015 in the aging services business.
Favorable development in other professional liability and management liability was primarily due to favorable settlements on closed claims and lower than expected frequency of claims in accident years 2010 through 2014 related to professional services and financial institutions.
This was partially offset by unfavorable development related to a specific financial institutions claim in accident year 2014, higher management liability severities in accident year 2015 and deterioration on credit crises-related claims in accident year 2009.
Favorable development in surety coverages was primarily due to lower than expected frequency of large losses in accident years 2014 and prior.
Favorable development for commercial auto was primarily due to favorable settlements on claims in accident years 2010 through 2014 and lower than expected severities in accident years 2012 through 2015.
Favorable development for general liability was primarily due to better than expected claim settlements in accident years 2012 through 2014 and better than expected severity on umbrella claims in accident years 2010 through 2013.
This was partially offset by unfavorable development related to an increase in reported claims prior to the closing of the three year window set forth by the Minnesota Child Victims Act in accident years 2006 and prior.
Unfavorable development for workers’ compensation was primarily due to higher than expected severity for Defense Base Act contractors that largely resulted from a reduction of expected future recoveries from the U. S.  Department of Labor under the War Hazard Act.
Further unfavorable development was due to the impact of recent Florida court rulings for accident years 2008 through 2015.
These were partially offset by favorable development related to lower than expected frequencies related to the ongoing Middle Market and Small Business results for accident years 2009 through 2014.2015 Overall, favorable development for medical professional liability was related to lower than expected severity in accident years 2012 and prior.
Unfavorable development was recorded related to increased claim frequency and severity in the aging services business in accident years 2013 and 2014.
Notes to Consolidated Financial Statements Note 13.
Statutory Accounting Practices – (Continued) The 2015 long term care premium deficiency discussed in Note 1 was recorded on a GAAP basis.
There was no premium deficiency for statutory accounting purposes.
Statutory accounting principles requires the use of prescribed discount rates in calculating the reserves for long term care future policy benefits which are lower than the discount rates used on a GAAP basis and results in higher carried reserves relative to GAAP reserves.
The payment of dividends by CNA’s insurance subsidiaries without prior approval of the insurance department of each subsidiary’s domiciliary jurisdiction is generally limited by formula.
Dividends in excess of these amounts are subject to prior approval by the respective insurance regulator.
Dividends from CCC are subject to the insurance holding company laws of the State of Illinois, the domiciliary state of CCC.
Under these laws, ordinary dividends, or dividends that do not require prior approval by the Illinois Department of Insurance (the “Department”) are determined based on the greater of the prior year’s statutory net income or 10% of statutory surplus as of the end of the prior year, as well as timing and amount of dividends paid in the preceding 12 months.
Additionally, ordinary dividends may only be paid from earned surplus, which is calculated by removing unrealized gains from unassigned surplus.
As of December 31, 2016, CCC is in a positive earned surplus position.
The maximum allowable dividend CCC could pay during 2017 that would not be subject to the Department’s prior approval is $1.1 billion, less dividends paid during the preceding 12 months measured at that point in time.
CCC paid dividends of $765 million in 2016.
The actual level of dividends paid in any year is determined after an assessment of available dividend capacity, holding company liquidity and cash needs as well as the impact the dividends will have on the statutory surplus of the applicable insurance company.
Combined statutory capital and surplus and statutory net income (loss), determined in accordance with accounting practices prescribed or permitted by insurance and/or other regulatory authorities for the Combined Continental Casualty Companies are presented in the table below.
## Table 2 ##
(a) Information derived from the statutory-basis financial statements to be filed with insurance regulators.
CNA’s domestic insurance subsidiaries are subject to risk-based capital (“RBC”) requirements.
RBC is a method developed by the NAIC to determine the minimum amount of statutory capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile.
The formula for determining the amount of RBC specifies various factors, weighted based on the perceived degree of risk, which are applied to certain financial balances and financial activity.
The adequacy of a company’s actual capital is evaluated by a comparison to the RBC results, as determined by the formula.
Companies below minimum RBC requirements are classified within certain levels, each of which requires specified corrective action.
The statutory capital and surplus presented above for CCC was approximately 270% and 266% of company action level RBC at December 31, 2016 and 2015.
Company action level RBC is the level of RBC which triggers a heightened level of regulatory supervision.
The statutory capital and surplus of CCC’s foreign insurance subsidiaries, which is not significant to the overall statutory capital and surplus, also met or exceeded their respective regulatory and other capital requirements.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources – Subsidiaries – (Continued) In 2016 and 2015, Boardwalk Pipeline declared and paid distributions to its common unitholders of record of $0.40 per common unit and an amount to the general partner on behalf of its 2% general partner interest.
In February of 2017, the Partnership declared a quarterly cash distribution to unitholders of record of $0.10 per common unit.
In January of 2017, Boardwalk Pipeline completed a public offering of $500 million aggregate principal amount of 4.5% senior notes due July 15, 2027 and plans to use the proceeds to refinance future maturities of debt and to fund growth capital expenditures.
Initially, the proceeds were used to reduce outstanding borrowings under its revolving credit facility.
As of February 13, 2017, Boardwalk Pipeline had $65 million of outstanding borrowings and $1.4 billion of available borrowing capacity under its revolving credit facility.
During 2016, Boardwalk Pipeline extended the maturity date of the revolving credit facility by one year to May 26, 2021.
Boardwalk Pipeline has in place a subordinated loan agreement with a subsidiary of the Company under which it could borrow up to $300 million until December 31, 2018.
Boardwalk Pipeline had no outstanding borrowings under the subordinated loan agreement.
For 2016 and 2015, Boardwalk Pipeline’s capital expenditures were $590 million and $375 million, consisting of a combination of growth and maintenance capital.
Boardwalk Pipeline expects total capital expenditures to be approximately $850 million in 2017, primarily related to growth projects and pipeline system maintenance expenditures.
Boardwalk Pipeline anticipates that for 2017 its existing capital resources, including its revolving credit facility, subordinated loan and cash flows from operating activities, will be adequate to fund its operations.
Boardwalk Pipeline may seek to access the capital markets to fund some or all capital expenditures for growth projects, acquisitions or for general business purposes.
Boardwalk Pipeline’s ability to access the capital markets for equity and debt financing under reasonable terms depends on its financial condition, credit ratings and market conditions.
Off-Balance Sheet Arrangements At December 31, 2016 and 2015, we did not have any off-balance sheet arrangements.
Contractual Obligations Our contractual payment obligations are as follows:
## Table 3 ##
(a) Includes estimated future interest payments.
(b) Claim and claim adjustment expense reserves are not discounted and represent CNA’s estimate of the amount and timing of the ultimate settlement and administration of gross claims based on its assessment of facts and circumstances known as of December 31, 2016.
See the Insurance Reserves section of this MD&A for further information.
(c) Future policy benefits reserves are not discounted and represent CNA’s estimate of the ultimate amount and timing of the settlement of benefits based on its assessment of facts and circumstances known as of December 31, 2016.
Additional information on future policy benefits reserves is included in Note 1 of the Notes to Consolidated Financial Statements included under Item 8.
(d) Does not include expected contribution of approximately $18 million to the Company’s pension and postretirement plans in 2017

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Preliminary Purchase Price Allocation</td></tr><tr><td>Current assets</td><td>$8,763</td></tr><tr><td>Non-current assets</td><td>2,332</td></tr><tr><td>Property and equipment</td><td>26,711</td></tr><tr><td>Intangible assets -1</td><td>21,079</td></tr><tr><td>Other non-current liabilities</td><td>-1,349</td></tr><tr><td>Fair value of net assets acquired</td><td>$57,536</td></tr><tr><td>Goodwill -2</td><td>5,998</td></tr></table>
<table><tr><td> Year Ended December 31</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td></tr><tr><td>Medical professional liability</td><td>$-37</td><td>$-43</td><td>$39</td></tr><tr><td>Other professional liability and management liability</td><td>-130</td><td></td><td>-87</td></tr><tr><td>Surety</td><td>-63</td><td>-69</td><td>-82</td></tr><tr><td>Commercial auto</td><td>-46</td><td>-22</td><td>31</td></tr><tr><td>General liability</td><td>-28</td><td>-33</td><td>45</td></tr><tr><td>Workers’ compensation</td><td>150</td><td>80</td><td>139</td></tr><tr><td>Other</td><td>-134</td><td>-123</td><td>-106</td></tr><tr><td>Total pretax (favorable) unfavorable development</td><td>$-288</td><td>$-210</td><td>$-21</td></tr></table>
<table><tr><td></td><td colspan="2">Statutory Capital and Surplus December 31</td><td colspan="3">Statutory Net Income Year Ended December 31</td></tr><tr><td></td><td> 2016 (a)</td><td>2015</td><td> 2016 (a)</td><td>2015</td><td>2014</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Combined Continental Casualty Companies</td><td> $ 10,748</td><td>$ 10,723</td><td> $ 1,033</td><td>$ 1,148</td><td>$ 914</td></tr></table>
<table><tr><td></td><td colspan="5"> Payments Due by Period</td></tr><tr><td> December 31, 2016</td><td> Total</td><td> Less than  1 year</td><td> 1-3 years</td><td> 3-5 years</td><td> More than  5 years</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Debt (a)</td><td>$15,650</td><td>$1,202</td><td>$2,751</td><td>$2,278</td><td>$9,419</td></tr><tr><td> Operating leases</td><td>638</td><td>72</td><td>110</td><td>107</td><td>349</td></tr><tr><td> Claim and claim adjustment expense reserves (b)</td><td>24,005</td><td>5,114</td><td>6,551</td><td>3,173</td><td>9,167</td></tr><tr><td> Future policy benefits reserves (c)</td><td>31,133</td><td>-422</td><td>-196</td><td>499</td><td>31,252</td></tr><tr><td> Purchase and other obligations</td><td>893</td><td>320</td><td>138</td><td>135</td><td>300</td></tr><tr><td> Total (d)</td><td>$72,319</td><td>$6,286</td><td>$9,354</td><td>$6,192</td><td>$50,487</td></tr></table>

Question: what was the ratio of the customer-related intangibles to the network location intangibles included in the financial statements of american tower corporation and subsidiaries
Answer: 1.03164
Reasoning program: divide(75.0,72.7)