Entergy Mississippi, Inc.  Management's Financial Discussion and Analysis 327 Sources of Capital Entergy Mississippi's sources to meet its capital requirements include: x internally generated funds; x cash on hand; x debt or preferred stock issuances; and x bank financing under new or existing facilities.
Entergy Mississippi may refinance or redeem debt and preferred stock prior to maturity, to the extent market conditions and interest and dividend rates are favorable.
All debt and common and preferred stock issuances by Entergy Mississippi require prior regulatory approval.
Preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter, bond indenture, and other agreements.
Entergy Mississippi has sufficient capacity under these tests to meet its foreseeable capital needs.
Entergy Mississippi has two separate credit facilities in the aggregate amount of $50 million and renewed both facilities through May 2009.
Borrowings under the credit facilities may be secured by a security interest in Entergy Mississippi's accounts receivable.
No borrowings were outstanding under either credit facility as of December 31, 2008.
Entergy Mississippi has obtained short-term borrowing authorization from the FERC under which it may borrow through March 31, 2010, up to the aggregate amount, at any one time outstanding, of $175 million.
See Note 4 to the financial statements for further discussion of Entergy Mississippi's short-term borrowing limits.
Entergy Mississippi has also obtained an order from the FERC authorizing long-term securities issuances.
The current long-term authorization extends through June 30, 2009.
Entergy Mississippi's receivables from or (payables to) the money pool were as follows as of December 31 for each of the following years:
## Table 0 ##
In May 2007, $6.6 million of Entergy Mississippi's receivable from the money pool was replaced by a note receivable from Entergy New Orleans.
See Note 4 to the financial statements for a description of the money pool.
State and Local Rate Regulation The rates that Entergy Mississippi charges for electricity significantly influence its financial position, results of operations, and liquidity.
Entergy Mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings.
A governmental agency, the MPSC, is primarily responsible for approval of the rates charged to customers.
Formula Rate Plan In March 2008, Entergy Mississippi made its annual scheduled formula rate plan filing for the 2007 test year with the MPSC.
The filing showed that a $10.1 million increase in annual electric revenues is warranted.
In June 2008, Entergy Mississippi reached a settlement with the Mississippi Public Utilities Staff that would result in a $3.8 million rate increase.
In January 2009 the MPSC rejected the settlement and left the current rates in effect.
Entergy Mississippi appealed the MPSC's decision to the Mississippi Supreme Court.
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) provides that American Life’s foreign branches will not be required to withhold U. S.  income tax on the income portion of payments made pursuant to American Life’s life insurance and annuity contracts (“Covered Payments”) for any tax periods beginning on January 1, 2005 and ending on December 31, 2013 (the “Deferral Period”).
The Closing Agreement required that American Life submit a plan to the IRS within 90 days after the close of the Acquisition, indicating the steps American Life would take (on a country by country basis) to ensure that no substantial amount of U. S.  withholding tax will arise from Covered Payments made by American Life’s foreign branches to foreign customers after the Deferral Period.
Such plan, which was submitted to the IRS on January 29, 2011, involves the transfer of businesses from certain of the foreign branches of American Life to one or more existing or newly-formed subsidiaries of MetLife, Inc.  or American Life.
A liability of $277 million was recognized in purchase accounting as of the Acquisition Date for the anticipated and estimated costs associated with restructuring American Life’s foreign branches into subsidiaries in connection with the Closing Agreement.
See Notes 7, 15 and 19 for additional information related to the Acquisition.
Revenues and Earnings of ALICO The following table presents information for ALICO that is included in the Company’s consolidated statement of operations from the Acquisition Date through November 30, 2010:
## Table 1 ##
Supplemental Pro Forma Information (unaudited) The following table presents unaudited supplemental pro forma information as if the Acquisition had occurred on January 1, 2010 for the year ended December 31, 2010 and on January 1, 2009 for the year ended December 31, 2009.
## Table 2 ##
The pro forma information was derived from the historical financial information of MetLife and ALICO, reflecting the results of operations of MetLife and ALICO for 2010 and 2009.
The historical financial information has been adjusted to give effect to the pro forma events that are directly attributable to the Acquisition and factually supportable and expected to have a continuing impact on the combined results.
Discontinued operations and the related earnings per share have been excluded from the presentation as they are non-recurring in nature.
The pro forma information is not intended to reflect the results of operations of the combined company that would have resulted had the Acquisition been effective during the periods presented or the results that may be obtained by the combined company in the future.
The pro forma information does not reflect future events that may occur after the Acquisition, including, but not limited to, expense efficiencies or revenue enhancements arising from the Acquisition and also does not give effect to certain one-time charges that MetLife expects to incur, such as restructuring and integration costs.
The pro forma information primarily reflects the following pro forma adjustments: ‰ reduction in net investment income to reflect the amortization or accretion associated with the new cost basis of the acquired fixed maturities available-for-sale portfolio; ‰ elimination of amortization associated with the elimination of ALICO’s historical DAC; ‰ amortization of VOBA, VODA and VOCRA associated with the establishment of VOBA, VODA and VOCRA arising from the Acquisition; ‰ reduction in other expenses associated with the amortization of negative VOBA; ‰ reduction in revenues associated with the elimination of ALICO’s historical unearned revenue liability; ‰ interest expense associated with the issuance of the Debt Securities to AM Holdings and the public issuance of senior notes in connection with the financing of the Acquisition; ‰ certain adjustments to conform to MetLife’s accounting policies; and ‰ reversal of investment and derivative gains (losses) associated with certain transactions that were completed prior to the Acquisition Date (conditions of closing).2009 Disposition In March 2009, the Company sold Cova Corporation (“Cova”), the parent company of Texas Life Insurance Company (“Texas Life”) to a third-party for $130 million in cash consideration, excluding $1 million of transaction costs.
The net assets sold were $101 million, resulting in a gain on disposal of $28 million, net of income tax.
The Company also reclassified $4 million, net of income tax, of the 2009 operations of Texas Life into discontinued operations in the consolidated financial statements.
As a result, the Company recognized income from discontinued operations of $32 million, net of income tax, during the year ended December 31, 2009.
See Note 23.
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Account balances of contracts with insurance guarantees were invested in separate account asset classes as follows at:
## Table 3 ##
9.
Reinsurance The Company participates in reinsurance activities in order to limit losses, minimize exposure to significant risks and provide additional capacity for future growth.
For its individual life insurance products, the Company has historically reinsured the mortality risk primarily on an excess of retention basis or a quota share basis.
The Company currently reinsures 90% of the mortality risk in excess of $1 million for most products and reinsures up to 90% of the mortality risk for certain other products.
In addition to reinsuring mortality risk as described above, the Company reinsures other risks, as well as specific coverages.
Placement of reinsurance is done primarily on an automatic basis and also on a facultative basis for risks with specified characteristics.
On a case by case basis, the Company may retain up to $20 million per life and reinsure 100% of amounts in excess of the amount the Company retains.
The Company evaluates its reinsurance programs routinely and may increase or decrease its retention at any time.
For other policies within the Insurance Products segment, the Company generally retains most of the risk and only cedes particular risks on certain client arrangements.
The Company’s Retirement Products segment reinsures a portion of the living and death benefit guarantees issued in connection with its variable annuities.
Under these reinsurance agreements, the Company pays a reinsurance premium generally based on fees associated with the guarantees collected from policyholders, and receives reimbursement for benefits paid or accrued in excess of account values, subject to certain limitations.
The Company’s Corporate Benefit Funding segment periodically engages in reinsurance activities, as considered appropriate.
The impact of these activities on the financial results of this segment has not been significant.
The Company’s Auto & Home segment purchases reinsurance to manage its exposure to large losses (primarily catastrophe losses) and to protect statutory surplus.
The Company cedes to reinsurers a portion of losses and premiums based upon the exposure of the policies subject to reinsurance.
To manage exposure to large property and casualty losses, the Company utilizes property catastrophe, casualty and property per risk excess of loss agreements.
For life insurance products within International, the Company reinsures, depending on the product, risks above the corporate retention limit of up to $5 million to external reinsurers on a yearly renewable term basis.
The Company’s international businesses may also reinsure certain risks with external reinsurers depending upon the nature of the risk and local regulatory requirements.
For selected large corporate clients, International reinsures group employee benefits or credit insurance business with various client-affiliated reinsurance companies, covering policies issued to the employees or customers of the clients.
Additionally, the Company cedes and assumes risk with other insurance companies when either company requires a business partner with the appropriate local licensing to issue certain types of policies in certain countries.
In these cases, the assuming company typically underwrites the risks, develops the products and assumes most or all of the risk.
International also has reinsurance agreements in force that reinsure a portion of the living and death benefit guarantees issued in connection with variable annuity products.
Under these agreements, the Company pays or receives reinsurance fees associated with the guarantees collected from policyholders, and pays or receives reimbursement for benefits paid or accrued in excess of account values, subject to certain limitations.
The Company also reinsures, through 100% quota share reinsurance agreements, certain run-off LTC and workers’ compensation business written by MetLife Insurance Company of Connecticut (“MICC”).
These businesses have been included within Corporate & Other.
The Company has exposure to catastrophes, which could contribute to significant fluctuations in the Company’s results of operations.
The Company uses excess of retention and quota share reinsurance agreements to provide greater diversification of risk and minimize exposure to larger risks.
For International, the Company currently purchases catastrophe coverage to insure risks within certain countries deemed by management to be exposed to the greatest catastrophic risks.
The Company reinsures its business through a diversified group of well-capitalized, highly rated reinsurers.
The Company analyzes recent trends in arbitration and litigation outcomes in disputes, if any, with its reinsurers.
The Company monitors ratings and evaluates the financial strength of its reinsurers by analyzing their financial statements.
In addition, the reinsurance recoverable balance due from each reinsurer is evaluated as part of the overall monitoring process.
Recoverability of reinsurance recoverable balances is evaluated based on these analyses.
The Company generally secures large reinsurance recoverable balances with various forms of collateral, including secured trusts, funds withheld accounts and irrevocable letters of credit.
These reinsurance recoverable balances are stated net of allowances for uncollectible reinsurance, which at December 31, 2011 and 2010, were immaterial.
The Company has secured certain reinsurance recoverable balances with various forms of collateral, including secured trusts, funds withheld accounts and irrevocable letters of credit.
The Company had $5.6 billion and $5.5 billion of unsecured unaffiliated reinsurance recoverable balances at December 31, 2011 and 2010, respectively.
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) 2.
Segment Information (continued)
## Table 4 ##
(1) Total assets includes $93.8 billion of assets from the Japan operations which represents 10% of total consolidated assets.
See Note 11 for information regarding goodwil
## Table 5 ##

Tables referenced above, in order (Table 0 first):
<table><tr><td>2008</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>(In Thousands)</td></tr><tr><td>-$66,044</td><td>$20,997</td><td>$39,573</td><td>-$84,066</td></tr></table>
<table><tr><td></td><td>ALICO’s Operations Included in MetLife’s Results for the Year Ended December 31, 2010 (In millions)</td></tr><tr><td>Total revenues</td><td>$950</td></tr><tr><td>Income (loss) from continuing operations, net of income tax</td><td>$-2</td></tr></table>
<table><tr><td></td><td colspan="2">Years Ended December 31,</td></tr><tr><td></td><td> 2010</td><td>2009</td></tr><tr><td></td><td colspan="2">(In millions, except per share data)</td></tr><tr><td>Total revenues</td><td>$64,680</td><td>$54,282</td></tr><tr><td>Income (loss) from continuing operations, net of income tax, attributable to common shareholders</td><td>$3,888</td><td>$-1,353</td></tr><tr><td>Income (loss) from continuing operations, net of income tax, attributable to common shareholders per commonshare:</td><td></td><td></td></tr><tr><td>Basic</td><td>$3.60</td><td>$-1.29</td></tr><tr><td>Diluted</td><td>$3.57</td><td>$-1.29</td></tr></table>
<table><tr><td></td><td colspan="2"> December 31,</td></tr><tr><td></td><td> 2011</td><td> 2010</td></tr><tr><td></td><td colspan="2"> (In millions)</td></tr><tr><td>Fund Groupings:</td><td></td><td></td></tr><tr><td>Equity</td><td>$57,750</td><td>$59,546</td></tr><tr><td>Balanced</td><td>52,823</td><td>40,199</td></tr><tr><td>Bond</td><td>9,838</td><td>9,539</td></tr><tr><td>Money Market</td><td>1,521</td><td>1,584</td></tr><tr><td>Specialty</td><td>2,034</td><td>2,192</td></tr><tr><td>Total</td><td>$123,966</td><td>$113,060</td></tr></table>
<table><tr><td>At December 31, 2014</td><td>Retail</td><td>Group,Voluntary& WorksiteBenefits</td><td>CorporateBenefitFunding</td><td>LatinAmerica</td><td>Asia -1</td><td>EMEA</td><td>Corporate& Other</td><td>Total</td></tr><tr><td></td><td colspan="8">(In millions)</td></tr><tr><td>Total assets</td><td>$359,173</td><td>$45,434</td><td>$230,124</td><td>$71,419</td><td>$116,915</td><td>$27,698</td><td>$51,574</td><td>$902,337</td></tr><tr><td>Separate account assets</td><td>$171,726</td><td>$669</td><td>$81,150</td><td>$50,301</td><td>$9,078</td><td>$4,070</td><td>$—</td><td>$316,994</td></tr><tr><td>Separate account liabilities</td><td>$171,726</td><td>$669</td><td>$81,150</td><td>$50,301</td><td>$9,078</td><td>$4,070</td><td>$—</td><td>$316,994</td></tr></table>
<table><tr><td></td><td colspan="9">Operating Results</td><td></td><td></td></tr><tr><td></td><td colspan="5">Americas</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Year Ended December 31, 2013</td><td>Retail</td><td>Group,Voluntary& WorksiteBenefits</td><td>CorporateBenefitFunding</td><td>LatinAmerica</td><td>Total</td><td>Asia</td><td>EMEA</td><td>Corporate& Other</td><td>Total</td><td>Adjustments</td><td>TotalConsolidated</td></tr><tr><td></td><td colspan="11">(In millions)</td></tr><tr><td>Revenues</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>Premiums</td><td>$6,528</td><td>$15,250</td><td>$2,767</td><td>$2,824</td><td>$27,369</td><td>$7,801</td><td>$2,297</td><td>$116</td><td>$37,583</td><td>$91</td><td>$37,674</td></tr><tr><td>Universal life and investment-type product policy fees</td><td>4,912</td><td>688</td><td>247</td><td>991</td><td>6,838</td><td>1,722</td><td>386</td><td>139</td><td>9,085</td><td>366</td><td>9,451</td></tr><tr><td>Net investment income</td><td>7,898</td><td>1,856</td><td>5,621</td><td>1,246</td><td>16,621</td><td>2,915</td><td>498</td><td>360</td><td>20,394</td><td>1,838</td><td>22,232</td></tr><tr><td>Other revenues</td><td>1,018</td><td>418</td><td>278</td><td>23</td><td>1,737</td><td>92</td><td>97</td><td>28</td><td>1,954</td><td>-34</td><td>1,920</td></tr><tr><td>Net investment gains (losses)</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>161</td><td>161</td></tr><tr><td>Net derivative gains (losses)</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-3,239</td><td>-3,239</td></tr><tr><td>Total revenues</td><td>20,356</td><td>18,212</td><td>8,913</td><td>5,084</td><td>52,565</td><td>12,530</td><td>3,278</td><td>643</td><td>69,016</td><td>-817</td><td>68,199</td></tr><tr><td>Expenses</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>Policyholder benefits and claims and policyholder dividends</td><td>9,028</td><td>14,227</td><td>5,180</td><td>2,454</td><td>30,889</td><td>5,755</td><td>1,039</td><td>63</td><td>37,746</td><td>1,620</td><td>39,366</td></tr><tr><td>Interest credited to policyholder account balances</td><td>2,331</td><td>155</td><td>1,233</td><td>417</td><td>4,136</td><td>1,690</td><td>147</td><td>42</td><td>6,015</td><td>2,164</td><td>8,179</td></tr><tr><td>Goodwill impairment</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>Capitalization of DAC</td><td>-1,309</td><td>-141</td><td>-27</td><td>-424</td><td>-1,901</td><td>-2,143</td><td>-714</td><td>-28</td><td>-4,786</td><td>—</td><td>-4,786</td></tr><tr><td>Amortization of DAC and VOBA</td><td>1,384</td><td>140</td><td>23</td><td>310</td><td>1,857</td><td>1,542</td><td>683</td><td>1</td><td>4,083</td><td>-533</td><td>3,550</td></tr><tr><td>Amortization of negative VOBA</td><td>—</td><td>—</td><td>—</td><td>-2</td><td>-2</td><td>-427</td><td>-95</td><td>—</td><td>-524</td><td>-55</td><td>-579</td></tr><tr><td>Interest expense on debt</td><td>—</td><td>1</td><td>9</td><td>—</td><td>10</td><td>—</td><td>1</td><td>1,148</td><td>1,159</td><td>123</td><td>1,282</td></tr><tr><td>Other expenses</td><td>5,084</td><td>2,380</td><td>504</td><td>1,612</td><td>9,580</td><td>4,312</td><td>1,810</td><td>894</td><td>16,596</td><td>539</td><td>17,135</td></tr><tr><td>Total expenses</td><td>16,518</td><td>16,762</td><td>6,922</td><td>4,367</td><td>44,569</td><td>10,729</td><td>2,871</td><td>2,120</td><td>60,289</td><td>3,858</td><td>64,147</td></tr><tr><td>Provision for income tax expense (benefit)</td><td>1,314</td><td>488</td><td>696</td><td>143</td><td>2,641</td><td>557</td><td>78</td><td>-932</td><td>2,344</td><td>-1,683</td><td>661</td></tr><tr><td>Operating earnings</td><td>$2,524</td><td>$962</td><td>$1,295</td><td>$574</td><td>$5,355</td><td>$1,244</td><td>$329</td><td>$-545</td><td>6,383</td><td></td><td></td></tr><tr><td>Adjustments 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 colspan="9">Total revenues</td><td>-817</td><td></td><td></td></tr><tr><td colspan="9">Total expenses</td><td>-3,858</td><td></td><td></td></tr><tr><td colspan="9">Provision for income tax (expense) benefit</td><td>1,683</td><td></td><td></td></tr><tr><td colspan="9">Income (loss) from continuing operations, net of income tax</td><td>$3,391</td><td></td><td>$3,391</td></tr></table>

Question: Which area's operating results exceeds 1 % of total America's Total Premiums of Revenues in 2013?
Answer: Asia, EMEA