NOTE 12.  BUSINESS ACQUISITION Bayside Business Solutions, Inc.
Effective July 1, 2015, the Company acquired all of the equity interests of Bayside Business Solutions, an Alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry, for $10,000 paid in cash.
This acquisition was funded using existing operating cash.
The acquisition of Bayside Business Solutions expanded the Company’s presence in commercial lending within the industry.
Management has completed a purchase price allocation of Bayside Business Solutions and its assessment of the fair value of acquired assets and liabilities assumed.
The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of July 1, 2015 are set forth below:
## Table 0 ##
The goodwill of $6,099 arising from this acquisition consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of Bayside Business Solutions, together with the value of Bayside Business Solutions’ assembled workforce.
Goodwill from this acquisition has been allocated to our Banking Systems and Services segment.
The goodwill is not expected to be deductible for income tax purposes.
Identifiable intangible assets from this acquisition consist of customer relationships of $3,402, $659 of computer software and other intangible assets of $944.
The weighted average amortization period for acquired customer relationships, acquired computer software, and other intangible assets is 15 years, 5 years, and 20 years, respectively.
Current assets were inclusive of cash acquired of $1,725.
The fair value of current assets acquired included accounts receivable of $178.
The gross amount of receivables was $178, none of which was expected to be uncollectible.
During fiscal year 2016, the Company incurred $55 in costs related to the acquisition of Bayside Business Solutions.
These costs included fees for legal, valuation and other fees.
These costs were included within general and administrative expenses.
The results of Bayside Business Solutions’ operations included in the Company’s consolidated statement of income for the twelve months ended June 30, 2016 included revenue of $4,273 and after-tax net income of $303.
The accompanying consolidated statements of income for the fiscal year ended June 30, 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date.
The impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided.
Banno, LLC Effective March 1, 2014, the Company acquired all of the equity interests of Banno, an Iowa-based company that provides Web and transaction marketing services with a focus on the mobile medium, for $27,910 paid in cash.
This acquisition was funded using existing operating cash.
The acquisition of Banno expanded the Company’s presence in online and mobile technologies within the industry.
During fiscal year 2014, the Company incurred $30 in costs related to the acquisition of Banno.
These costs included fees for legal, valuation and other fees.
These costs were included within general and administrative expenses.
The results of Banno's operations included in the Company's consolidated statements of income for the year ended June 30, 2016 included revenue of $6,393 and after-tax net loss of $1,289.
For the year ended June 30, 2015, our consolidated statements of income included revenue of $4,175 and after-tax net loss of $1,784 attributable to Banno.
The results of Banno’s operations included in the Company’s consolidated statement of operations from the acquisition date to June 30, 2014 included revenue of $848 and after-tax net loss of $1,121.
The accompanying consolidated statements of income for the twelve month period ended June 30, 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date.
The impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided.
Item 1.  Business CNA Financial Corporation – (Continued) The loss reserve development table is cumulative and, therefore, ending balances should not be added since the amount at the end of each calendar year includes activity for both the current and prior years.
## Table 1 ##
(a) Effective January 1, 2010, CNA ceded its net asbestos and environmental pollution claim and allocated claim adjustment expense reserves under a retroactive reinsurance agreement as further discussed in Note 8 of the Notes to Consolidated Financial Statements included under Item 8.
(b) As a result of the Hardy acquisition, net reserves were increased by $291 million.
(c) In the third quarter of 2014, CNA commuted a workers’ compensation reinsurance pool which had the impact of $348 million of favorable gross loss reserve development and $324 million of unfavorable ceded loss reserve development.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) identification of information and trends that have caused CNA to change its reserves in prior periods and could lead to the identification of a need for additional material increases or decreases in claim and claim adjustment expense reserves, which could materially affect our results of operations and equity and CNA’s business and insurer financial strength and corporate debt ratings positively or negatively.
See the Ratings section of this MD&A for further information regarding CNA’s financial strength and corporate debt ratings.
The following table summarizes gross and net carried reserves for CNA’s property and casualty operations:
## Table 2 ##
The following table summarizes the gross and net carried reserves for certain property and casualty business in run-off, including CNA Re and A&EP:

Tables referenced above, in order (Table 0 first):
<table><tr><td>Current assets</td><td>$1,922</td></tr><tr><td>Long-term assets</td><td>253</td></tr><tr><td>Identifiable intangible assets</td><td>5,005</td></tr><tr><td>Total liabilities assumed</td><td>-3,279</td></tr><tr><td>Total identifiable net assets</td><td>3,901</td></tr><tr><td>Goodwill</td><td>6,099</td></tr><tr><td>Net assets acquired</td><td>$10,000</td></tr></table>
<table><tr><td></td><td colspan="11"> Schedule of Loss Reserve Development</td></tr><tr><td> Year Ended December 31</td><td>2005</td><td>2006</td><td>2007</td><td>2008</td><td>2009</td><td>2010(a)</td><td>2011</td><td>2012(b)</td><td>2013</td><td>2014(c)</td><td> 2015</td></tr><tr><td> (In millions of dollars)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Originally reported gross reserves for unpaid claim and claim adjustment expenses</td><td>30,694</td><td>29,459</td><td>28,415</td><td>27,475</td><td>26,712</td><td>25,412</td><td>24,228</td><td>24,696</td><td>24,015</td><td>23,271</td><td> 22,663</td></tr><tr><td>Originally reported ceded recoverable</td><td>10,438</td><td>8,078</td><td>6,945</td><td>6,213</td><td>5,524</td><td>6,060</td><td>4,967</td><td>5,075</td><td>4,911</td><td>4,344</td><td> 4,087</td></tr><tr><td>Originally reported net reserves for unpaid claim and claim adjustment expenses</td><td>20,256</td><td>21,381</td><td>21,470</td><td>21,262</td><td>21,188</td><td>19,352</td><td>19,261</td><td>19,621</td><td>19,104</td><td>18,927</td><td> 18,576</td></tr><tr><td>Cumulative net paid as of:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>One year later</td><td>3,442</td><td>4,436</td><td>4,308</td><td>3,930</td><td>3,762</td><td>3,472</td><td>4,277</td><td>4,588</td><td>4,352</td><td>4,089</td><td> -</td></tr><tr><td>Two years later</td><td>7,022</td><td>7,676</td><td>7,127</td><td>6,746</td><td>6,174</td><td>6,504</td><td>7,459</td><td>7,788</td><td>7,375</td><td>-</td><td> -</td></tr><tr><td>Three years later</td><td>9,620</td><td>9,822</td><td>9,102</td><td>8,340</td><td>8,374</td><td>8,822</td><td>9,834</td><td>9,957</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Four years later</td><td>11,289</td><td>11,312</td><td>10,121</td><td>9,863</td><td>10,038</td><td>10,548</td><td>11,316</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Five years later</td><td>12,465</td><td>11,973</td><td>11,262</td><td>11,115</td><td>11,296</td><td>11,627</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Six years later</td><td>12,917</td><td>12,858</td><td>12,252</td><td>12,114</td><td>12,161</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Seven years later</td><td>13,680</td><td>13,670</td><td>13,101</td><td>12,806</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Eight years later</td><td>14,409</td><td>14,412</td><td>13,685</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Nine years later</td><td>15,092</td><td>14,939</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Ten years later</td><td>15,575</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Net reserves re-estimated as of:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>End of initial year</td><td>20,256</td><td>21,381</td><td>21,470</td><td>21,262</td><td>21,188</td><td>19,352</td><td>19,261</td><td>19,621</td><td>19,104</td><td>18,927</td><td> 18,576</td></tr><tr><td>One year later</td><td>20,588</td><td>21,601</td><td>21,463</td><td>21,021</td><td>20,643</td><td>18,923</td><td>19,081</td><td>19,506</td><td>19,065</td><td>18,672</td><td> -</td></tr><tr><td>Two years later</td><td>20,975</td><td>21,706</td><td>21,259</td><td>20,472</td><td>20,237</td><td>18,734</td><td>18,946</td><td>19,502</td><td>18,807</td><td>-</td><td> -</td></tr><tr><td>Three years later</td><td>21,408</td><td>21,609</td><td>20,752</td><td>20,014</td><td>20,012</td><td>18,514</td><td>18,908</td><td>19,214</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Four years later</td><td>21,432</td><td>21,286</td><td>20,350</td><td>19,784</td><td>19,758</td><td>18,378</td><td>18,658</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Five years later</td><td>21,326</td><td>20,982</td><td>20,155</td><td>19,597</td><td>19,563</td><td>18,202</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Six years later</td><td>21,060</td><td>20,815</td><td>20,021</td><td>19,414</td><td>19,459</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Seven years later</td><td>20,926</td><td>20,755</td><td>19,883</td><td>19,335</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Eight years later</td><td>20,900</td><td>20,634</td><td>19,828</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Nine years later</td><td>20,817</td><td>20,606</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Ten years later</td><td>20,793</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Total net (deficiency) redundancy</td><td>-537</td><td>775</td><td>1,642</td><td>1,927</td><td>1,729</td><td>1,150</td><td>603</td><td>407</td><td>297</td><td>255</td><td> -</td></tr><tr><td>Reconciliation to gross re-estimated reserves:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net reserves re-estimated</td><td>20,793</td><td>20,606</td><td>19,828</td><td>19,335</td><td>19,459</td><td>18,202</td><td>18,658</td><td>19,214</td><td>18,807</td><td>18,672</td><td> -</td></tr><tr><td>Re-estimated ceded recoverable</td><td>11,826</td><td>9,503</td><td>8,092</td><td>7,048</td><td>6,382</td><td>6,873</td><td>5,609</td><td>5,285</td><td>4,705</td><td>4,476</td><td> -</td></tr><tr><td>Total gross re-estimated reserves</td><td>32,619</td><td>30,109</td><td>27,920</td><td>26,383</td><td>25,841</td><td>25,075</td><td>24,267</td><td>24,499</td><td>23,512</td><td>23,148</td><td> -</td></tr><tr><td>Total gross (deficiency) redundancy</td><td>-1,925</td><td>-650</td><td>495</td><td>1,092</td><td>871</td><td>337</td><td>-39</td><td>197</td><td>503</td><td>123</td><td> -</td></tr><tr><td>Net (deficiency) redundancy related to:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Asbestos</td><td>-113</td><td>-112</td><td>-107</td><td>-79</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Environmental pollution</td><td>-159</td><td>-159</td><td>-159</td><td>-76</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Total asbestos and environmental pollution</td><td>-272</td><td>-271</td><td>-266</td><td>-155</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td> -</td></tr><tr><td>Core (Non-asbestos and environmental pollution)</td><td>-265</td><td>1,046</td><td>1,908</td><td>2,082</td><td>1,729</td><td>1,150</td><td>603</td><td>407</td><td>297</td><td>255</td><td> -</td></tr><tr><td>Total net (deficiency) redundancy</td><td>-537</td><td>775</td><td>1,642</td><td>1,927</td><td>1,729</td><td>1,150</td><td>603</td><td>407</td><td>297</td><td>255</td><td> -</td></tr></table>
<table><tr><td> December 31</td><td> 2015</td><td>2014</td></tr><tr><td> (In millions)</td><td></td><td></td></tr><tr><td>Gross Case Reserves</td><td>$7,608</td><td>$8,186</td></tr><tr><td>Gross IBNR Reserves</td><td>9,191</td><td>8,998</td></tr><tr><td>Total Gross Carried Claim and Claim Adjustment Expense Reserves</td><td>$16,799</td><td>$17,184</td></tr><tr><td>Net Case Reserves</td><td>$6,992</td><td>$7,474</td></tr><tr><td>Net IBNR Reserves</td><td>8,371</td><td>8,295</td></tr><tr><td>Total Net Carried Claim and Claim Adjustment Expense Reserves</td><td>$15,363</td><td>$15,769</td></tr></table>

Question: What's the current growth rate of the amount for originally reported ceded recoverable?
Answer: -0.05916
Reasoning program: subtract(4087,4344), divide(#0,4344)