The target awards for the other Named Executive Officers were set as follows: Joseph F.  Domino, CEO - Entergy Texas (50%); Hugh T.  McDonald, CEO - Entergy Arkansas (50%); Haley Fisackerly, CEO - Entergy Mississippi (40%); William M.  Mohl (60%), CEO - Entergy Gulf States and Entergy Louisiana; Charles L.  Rice, Jr.  (40%), CEO - Entergy New Orleans and Theodore H.  Bunting, Jr.  - Principal Accounting Officer - the Subsidiaries (60%).
The target awards for the Named Executive Officers (other than Entergy named executive officers) were set by their respective supervisors (subject to ultimate approval of Entergy’s Chief Executive Officer) who allocated a potential incentive pool established by the Personnel Committee among various of their direct and indirect reports.
In setting the target awards, the supervisor took into account considerations similar to those used by the Personnel Committee in setting the target awards for Entergy’s Named Executive Officers.
Target awards are set based on an executive officer’s current position and executive management level within the Entergy organization.
Executive management levels at Entergy range from Level 1 thorough Level 4.
Mr.  Denault and Mr.  Taylor hold positions in Level 2 whereas Mr.  Bunting and Mr.  Mohl hold positions in Level 3 and Mr.  Domino, Mr.  Fisackerly, Mr.  McDonald and Mr.  Rice hold positions in Level 4.
Accordingly, their respective incentive targets differ one from another based on the external market data developed by the Committee’s independent compensation consultant and the other factors noted above.
In December 2010, the Committee determined the Executive Incentive Plan targets to be used for purposes of establishing annual bonuses for 2011.
The Committee’s determination of the target levels was made after full Board review of management’s 2011 financial plan for Entergy Corporation, upon recommendation of the Finance Committee, and after the Committee’s determination that the established targets aligned with Entergy Corporation’s anticipated 2011 financial performance as reflected in the financial plan.
The targets established to measure management performance against as reported results were:
## Table 0 ##
In January 2012, after reviewing earnings per share and operating cash flow results against the performance objectives in the above table, the Committee determined that Entergy Corporation had exceeded as reported earnings per share target of $6.60 by $0.95 in 2011 while falling short of the operating cash flow goal of $3.35 billion by $221 million in 2011.
In accordance with the terms of the Annual Incentive Plan, in January 2012, the Personnel Committee certified the 2012 Entergy Achievement Multiplier at 128% of target.
Under the terms of the Management Effectiveness Program, the Entergy Achievement Multiplier is automatically increased by 25 percent for the members of the Office of the Chief Executive if the preestablished underlying performance goals established by the Personnel Committee are satisfied at the end of the performance period, subject to the Personnel Committee's discretion to adjust the automatic multiplier downward or eliminate it altogether.
In accordance with Section 162(m) of the Internal Revenue Code, the multiplier which Entergy refers to as the Management Effectiveness Factor is intended to provide the Committee a mechanism to take into consideration specific achievement factors relating to the overall performance of Entergy Corporation.
In January 2012, the Committee eliminated the Management Effectiveness Factor with respect to the 2011 incentive awards, reflecting the Personnel Committee's determination that the Entergy Achievement Multiplier, in and of itself without the Management Effectiveness Factor, was consistent with the performance levels achieved by management.
The annual incentive awards for the Named Executive Officers (other than Mr.  Leonard, Mr.  Denault and Mr.  Taylor) are awarded from an incentive pool approved by the Committee.
From this pool, each Named Executive Officer’s supervisor determines the annual incentive payment based on the Entergy Achievement Multiplier.
The supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance.
The incentive awards are subject to the ultimate approval of Entergy’s Chief Executive Officer.
U. S.  Individual Life and Group Insurance Division Individual Life Operating Results The following table sets forth the Individual Life segment’s operating results for the periods indicated.
## Table 1 ##
Adjusted Operating Income 2016 to 2015 Annual Comparison.
Adjusted operating income decreased $556 million, primarily reflecting unfavorable comparative net impacts from our annual reviews and update of assumptions and other refinements.
Results for 2016 included a $420 million net charge from these impacts, mainly driven by a charge to accrue a liability to offset the present value of losses expected to be recognized in later years (“Profits Followed by Losses” liability, see “—Accounting Policies & Pronouncements—Policyholder Liabilities”) and a charge related to an out of period adjustment (see Note 1 to the Consolidated Financial Statements).
Partially offsetting these charges was a net benefit from the impacts of other refinements.
Results for 2015 included a $68 million net benefit from our annual review and update of assumptions and other refinements, mainly driven by net favorable modifications to our economic and actuarial assumptions.
Excluding these impacts, adjusted operating income decreased $68 million, primarily driven by less favorable mortality experience, net of reinsurance, and higher general and administrative expenses driven by business growth initiatives, partially offset by a higher contribution from investment results.2015 to 2014 Annual Comparison.
Adjusted operating income increased $137 million.
Results for 2015 reflected a net benefit of $68 million from our annual review and update of assumptions and other refinements, while results for 2014 included a $63 million net charge from these updates.
In addition, 2015 included $17 million of costs associated with the integration of the Hartford Life Business, while the year 2014 included $32 million of such costs.
Excluding these impacts, adjusted operating income decreased $9 million.
This decrease was primarily driven by less favorable mortality experience, net of reinsurance, and a lower contribution from investment results driven by lower income on non-coupon investments, partially offset by growth of our universal and term life businesses.
Revenues, Benefits and Expenses 2016 to 2015 Annual Comparison.
Revenues increased $122 million.
Excluding the impact of our annual reviews and update of assumptions and other refinements, as discussed above, revenues increased $199 million.
Net investment income increased $153 million primarily reflecting higher invested assets resulting from continued business growth and higher required capital, higher prepayment fee income and higher income on non-coupon investments.
Policy charges and fee income, asset management and service fees and other income increased $82 million, primarily driven by growth in universal life business, partially offset by a decrease in the amortization of unearned revenue reserves, driven by the impact of changes in the estimated profitability of the business due to experience relative to our assumptions.
Partially offsetting these increases was a $36 million decrease in premiums, primarily driven by higher ceded reinsurance premiums which were mostly offset by reserve changes in Policyholders’ benefits.
Benefits and expenses increased $678 million.
Excluding the impact of our annual reviews and update of assumptions and other refinements, as discussed above, benefits and expenses increased $267 million.
Policyholders’ benefits and interest credited to account balances increased $195 million primarily reflecting universal life business growth and less favorable mortality experience, partially offset by reserve changes for ceded reinsurance premiums discussed above.
General and administrative expenses, net of capitalization, increased $40 million primarily driven by business growth and initiatives.
Interest expense increased $33 million related to higher reserve financing costs.2015 to 2014 Annual Comparison.
Revenues increased $7 million.
Excluding the impact of our annual reviews and updates of assumptions and other refinements, as discussed above, revenues increased $98 million.
Net investment income increased $49 million reflecting higher invested assets resulting from business growth and higher required capital, partially offset by lower investment income from unaffiliated reserve financing activity.
Premiums increased $48 million primarily driven by growth in our term life insurance business.
Benefits and expenses decreased $130 million.
Excluding the impact of our annual reviews and updates of assumptions and other refinements and costs associated with the integration of the Hartford Life Business, as discussed above, benefits and expenses increased $107 million.
Policyholders’ benefits and interest credited to account balances increased $214 million primarily reflecting universal life business growth and less favorable mortality experience, net of reinsurance.
Interest expense increased $17 million due to higher reserve financing costs.
The amortization of DAC decreased $109 million, including the impact of changes in the estimated profitability of the business due to market performance and other experience relative to our assumptions.
General and administrative expenses, net of capitalization, decreased $16 million which included lower amortization of VOBA primarily due to less favorable mortality experience and the impact of cost savings associated with the Hartford Life Business integration.
January 1, 2016, the Company classified fixed maturity prepayment fees and call premiums in “Net investment income” rather than “Realized investment gains (losses), net.
” The impact of this change to prior periods was immaterial.
## Table 2 ##
Year Ended December 31, 2015
## Table 3 ##
Year Ended December 31, 2014

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Minimum</td><td>Target</td><td>Maximum</td></tr><tr><td>Earnings Per Share ($)</td><td>$6.10</td><td>$6.60</td><td>$7.10</td></tr><tr><td>Operating Cash Flow($ in Billions)</td><td>$2.97</td><td>$3.35</td><td>$3.70</td></tr></table>
<table><tr><td></td><td colspan="3">Year ended December 31,</td></tr><tr><td></td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td></td><td colspan="3">(in millions)</td></tr><tr><td>Operating results:</td><td></td><td></td><td></td></tr><tr><td>Revenues</td><td>$5,355</td><td>$5,233</td><td>$5,226</td></tr><tr><td>Benefits and expenses</td><td>5,276</td><td>4,598</td><td>4,728</td></tr><tr><td>Adjusted operating income</td><td>79</td><td>635</td><td>498</td></tr><tr><td>Realized investment gains (losses), net, and related adjustments</td><td>58</td><td>166</td><td>1,092</td></tr><tr><td>Related charges</td><td>-223</td><td>-9</td><td>-341</td></tr><tr><td>Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures</td><td>$-86</td><td>$792</td><td>$1,249</td></tr></table>
<table><tr><td></td><td colspan="6">Year Ended December 31, 2016</td></tr><tr><td></td><td colspan="2">PFI ExcludingClosed Block Division</td><td colspan="2">Closed BlockDivision</td><td colspan="2">Combined</td></tr><tr><td></td><td>Yield-1</td><td>Amount</td><td>Yield-1</td><td>Amount</td><td>Yield-1</td><td>Amount</td></tr><tr><td></td><td colspan="6">($ in millions)</td></tr><tr><td>Fixed maturities</td><td>3.95%</td><td>$9,515</td><td>4.98%</td><td>$1,696</td><td>4.07%</td><td>$11,211</td></tr><tr><td>Trading account assets supporting insurance liabilities</td><td>3.59</td><td>758</td><td>0.00</td><td>0</td><td>3.59</td><td>758</td></tr><tr><td>Equity securities</td><td>5.97</td><td>307</td><td>3.43</td><td>59</td><td>5.33</td><td>366</td></tr><tr><td>Commercial mortgage and other loans</td><td>4.32</td><td>1,751</td><td>5.06</td><td>476</td><td>4.46</td><td>2,227</td></tr><tr><td>Policy loans</td><td>5.00</td><td>347</td><td>6.10</td><td>280</td><td>5.44</td><td>627</td></tr><tr><td>Short-term investments and cash equivalents</td><td>0.68</td><td>122</td><td>2.23</td><td>20</td><td>0.73</td><td>142</td></tr><tr><td>Other investments</td><td>5.67</td><td>473</td><td>6.40</td><td>203</td><td>5.87</td><td>676</td></tr><tr><td>Gross investment income before investment expenses</td><td>3.90</td><td>13,273</td><td>5.10</td><td>2,734</td><td>4.07</td><td>16,007</td></tr><tr><td>Investment expenses</td><td>-0.13</td><td>-413</td><td>-0.26</td><td>-156</td><td>-0.15</td><td>-569</td></tr><tr><td>Investment income after investment expenses</td><td>3.77%</td><td>12,860</td><td>4.84%</td><td>2,578</td><td>3.92%</td><td>15,438</td></tr><tr><td>Investment results of other entities and operations-2</td><td></td><td>82</td><td></td><td>0</td><td></td><td>82</td></tr><tr><td>Total investment income</td><td></td><td>$12,942</td><td></td><td>$2,578</td><td></td><td>$15,520</td></tr></table>
<table><tr><td></td><td colspan="6">Year Ended December 31, 2015</td></tr><tr><td></td><td colspan="2">PFI ExcludingClosed Block Division</td><td colspan="2">Closed BlockDivision</td><td colspan="2">Combined</td></tr><tr><td></td><td>Yield-1</td><td>Amount</td><td>Yield-1</td><td>Amount</td><td>Yield-1</td><td>Amount</td></tr><tr><td></td><td colspan="6">($ in millions)</td></tr><tr><td>Fixed maturities</td><td>4.03%</td><td>$8,876</td><td>4.94%</td><td>$1,692</td><td>4.15%</td><td>$10,568</td></tr><tr><td>Trading account assets supporting insurance liabilities</td><td>3.59</td><td>720</td><td>0.00</td><td>0</td><td>3.59</td><td>720</td></tr><tr><td>Equity securities</td><td>5.67</td><td>266</td><td>3.49</td><td>70</td><td>5.01</td><td>336</td></tr><tr><td>Commercial mortgage and other loans</td><td>4.58</td><td>1,728</td><td>5.42</td><td>512</td><td>4.75</td><td>2,240</td></tr><tr><td>Policy loans</td><td>5.01</td><td>334</td><td>6.06</td><td>285</td><td>5.45</td><td>619</td></tr><tr><td>Short-term investments and cash equivalents</td><td>0.25</td><td>43</td><td>1.14</td><td>12</td><td>0.28</td><td>55</td></tr><tr><td>Other investments</td><td>5.91</td><td>489</td><td>7.24</td><td>222</td><td>6.27</td><td>711</td></tr><tr><td>Gross investment income before investment expenses</td><td>3.97</td><td>12,456</td><td>5.14</td><td>2,793</td><td>4.14</td><td>15,249</td></tr><tr><td>Investment expenses</td><td>-0.14</td><td>-394</td><td>-0.25</td><td>-140</td><td>-0.16</td><td>-534</td></tr><tr><td>Investment income after investment expenses</td><td>3.83%</td><td>12,062</td><td>4.89%</td><td>2,653</td><td>3.98%</td><td>14,715</td></tr><tr><td>Investment results of other entities and operations-2</td><td></td><td>114</td><td></td><td>0</td><td></td><td>114</td></tr><tr><td>Total investment income</td><td></td><td>$12,176</td><td></td><td>$2,653</td><td></td><td>$14,829</td></tr></table>

Question: Which element exceeds 18 % of total for Closed BlockDivision of Amout ?
Answer: Fixed maturities, Commercial mortgage and other loans