American International Group, Inc. , and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The total unrecognized compensation cost (net of expected forfeitures) related to unvested share-settled compensation awards and the weighted-average periods over which those costs are expected to be recognized are as follows:
## Table 0 ##
Liability Awards AIG has issued various share-based grants, including restricted stock units, linked to AIG Common Stock, but providing for cash settlement to certain of its most highly compensated employees and executive officers.
Sharebased cash settled awards are recorded as liabilities until the final payout is made or the award is replaced with a stock-settled award.
Unlike share-settled awards, which have a fixed grant-date fair value (unless the award is subsequently modified), the fair value of unsettled or unvested liability awards is remeasured at the end of each reporting period based on the change in fair value of one share of AIG Common Stock (except for long term performance units, the value of which is currently based on only 20 percent of AIG Common Stock as discussed below).
The liability and corresponding expense are adjusted accordingly until the award is settled.
Stock Salary Awards In 2009, AIG established a program of regular grants of vested stock or restricted stock units that is generally referred to as ‘‘Stock Salary’’.
Stock Salary is determined as a dollar amount through the date that salary is earned and accrued at the same time or times as the salary would otherwise be paid in cash.
Stock Salary was granted to any individual qualifying as a senior executive officer or one of AIG’s next twenty most highly compensated employees (the Top 25).
Stock salary for a Top 25 employee (other than AIG’s CEO) will be settled in three equal installments on the first, second and third anniversary of grant.
Stock salary granted to any individual qualifying as an executive officer or one of AIG’s next 75 most highly compensated employees (Top 26-100) will be settled on either the first or third anniversary of grant in accordance with the terms of an employee’s award.
The Stock Salary grants issued in 2009 were awarded in the form of immediately vested RSUs, and the number of units awarded was based on the value of AIG Common Stock on the grant date.
The RSUs are settled in cash based on the value of AIG Common Stock on the applicable settlement date.
For the 2009 Stock Salary Awards, AIG paid $18 million to settle awards and recognized compensation expense of $36 million for unsettled awards to reflect increases in the price of AIG Common Stock during 2010.
In 2010, AIG adopted the Long-Term Performance Units Plan (LTPUs) and awarded Stock Salary in the form of LTPUs.
The units are also fully vested on the date of grant and settlement terms are substantially the same as the 2009 Stock Salary awards.
However, each unit is measured based on the underlying value of a mix of AIG hybrid securities and AIG Common Stock weighted 80 percent and 20 percent, respectively, on the date of grant.
Both components of the LTPU are market observable.
During 2010, compensation expense of approximately $156 million was recognized related to this plan.
By their terms, the LTPUs will be converted into AIG Common Stock 90 days after the date on which at least 75 percent of the preferred securities in AIG held by the Department of the Treasury are exchanged for AIG Common Stock.
The Recapitalization on January 14, 2011 included the exchange of more than 75 percent of the Department of the Treasury’s preferred holdings for AIG Common Stock.
Accordingly, on April 14, 2011 the AIG hybrid securities portion of any outstanding LTPU will be
ITEM 6 | Selected Financial Data The Selected Consolidated Financial Data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and accompanying notes included elsewhere herein.
## Table 1 ##
Private equity fund investments included above are not redeemable, because distributions from the funds will be received when underlying investments of the funds are liquidated.
Private equity funds are generally expected to have 10-year lives at their inception, but these lives may be extended at the fund manager?s discretion, typically in one or two-year increments.
At December 31, 2017, assuming average original expected lives of 10 years for the funds, 58 percent of the total fair value using net asset value per share (or its equivalent) presented above would have expected remaining lives of three years or less, 17 percent between four and six years and 25 percent between seven and 10 years.
The hedge fund investments included above, which are carried at fair value, are generally redeemable monthly (22 percent), quarterly (43 percent), semi-annually (12 percent) and annually (23 percent), with redemption notices ranging from one day to 180 days.
At December 31, 2017, investments representing approximately 49 percent of the total fair value of these hedge fund investments had partial contractual redemption restrictions.
These partial redemption restrictions are generally related to one or more investments held in the hedge funds that the fund manager deemed to be illiquid.
The majority of these contractual restrictions, which may have been put in place at the fund?s inception or thereafter, have pre-defined end dates.
The majority of these restrictions are generally expected to be lifted by the end of 2018.
FAIR VALUE OPTION Under the fair value option, we may elect to measure at fair value financial assets and financial liabilities that are not otherwise required to be carried at fair value.
Subsequent changes in fair value for designated items are reported in earnings.
We elect the fair value option for certain hybrid securities given the complexity of bifurcating the economic components associated with the embedded derivatives.
For additional information related to embedded derivatives refer to Note 11 herein.
Additionally, we elect the fair value option for certain alternative investments when such investments are eligible for this election.
We believe this measurement basis is consistent with the applicable accounting guidance used by the respective investment company funds themselves.
For additional information on securities and other invested assets for which we have elected the fair value option refer to Note 6 herein.
The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option:
## Table 2 ##
(a) Includes certain hedge funds, private equity funds and other investment partnerships.
(b) Includes GIAs, notes, bonds and mortgages payable.
Interest income and dividend income on assets measured under the fair value option are recognized and included in Net investment income in the Consolidated Statements of Income with the exception of activity within AIG?s Other Operations category, which is included in Other income.
Interest expense on liabilities measured under the fair value option is reported in Other Income in the Consolidated Statements of Income.
For additional information about our policies for recognition, measurement, and disclosure of interest and dividend income see Note 6 herein.
RECLASSIFICATION Certain prior year amounts have been reclassified for comparability purposes.2.
Acquisitions and Divestitures 2015 For the year ended December 31, 2015, we paid cash for acquisitions, net of cash acquired, totaling $2.4 billion.
We used the net proceeds of our $2.0 billion of senior notes issued in August of 2015 and cash on hand to finance the acquisition of SNL.
All other acquisitions were funded with cash flows from operations.
Acquisitions completed during the year ended December 31, 2015 by segment included: S&P Capital IQ and SNL On September 1, 2015 (the “Acquisition Date”), we acquired SNL Financial LC (“SNL”) for $2.225 billion in cash, subject to working capital adjustments.
SNL’s results of operations have been included in our consolidated statements of income subsequent to the Acquisition Date.
SNL is a global provider of news, data, and analytical tools to five sectors in the global economy: financial services, real estate, energy, media & communications, and metals & mining.
SNL delivers information through its suite of web, mobile and direct data feed platforms that helps clients, including investment and commercial banks, investors, corporations, and regulators make decisions, improve efficiency, and manage risk.
ACQUISITION-RELATED EXPENSES During the year ended December 31, 2015, the Company incurred approximately $37 million of acquisition-related costs related to the acquisition of SNL.
These expenses are included in selling and general expenses in our consolidated statements of income.
PRELIMINARY ALLOCATION OF PURCHASE PRICE Our acquisition of SNL was accounted for using the purchase method.
Under the purchase method, the excess of the purchase price over the fair value of the net assets acquired is allocated to goodwill and other intangibles.
The goodwill recognized is largely attributable to anticipated operational synergies and growth opportunities as a result of the acquisition.
The intangible assets, excluding goodwill and indefinite-lived intangibles, will be amortized over their anticipated useful lives between 10 and 18 years which will be determined when we finalize our purchase price allocation.
The goodwill is expected to be deductible for tax purposes.
The following table presents the preliminary allocation of purchase price to the assets and liabilities of SNL as a result of the acquisition.

Tables referenced above, in order (Table 0 first):
<table><tr><td> At December 31, 2010  <i>(in millions)</i> </td><td>Unrecognized Compensation Cost </td><td>Weighted- Average Period (years) </td><td>Expected Period (years) </td></tr><tr><td>Plans:</td><td></td><td></td><td></td></tr><tr><td>Time-vested RSUs – 2007 Plan</td><td>$4</td><td>0.72</td><td>2</td></tr><tr><td>AIG DCPPP</td><td>$6</td><td>0.63</td><td>1</td></tr><tr><td>AIG Partners Plan</td><td>$3</td><td>0.62</td><td>1</td></tr><tr><td>Total AIG Plans</td><td>$13</td><td>0.65</td><td>2</td></tr><tr><td>Total SICO Plans</td><td>$92</td><td>5.39</td><td>29</td></tr></table>
<table><tr><td></td><td colspan="5"> Years Ended December 31,</td></tr><tr><td><i>(in millions, except per share data)</i></td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td> Revenues:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Premiums</td><td>$34,393</td><td>$36,655</td><td>$37,254</td><td>$37,499</td><td>$38,189</td></tr><tr><td>Policy fees</td><td>2,732</td><td>2,755</td><td>2,615</td><td>2,340</td><td>2,192</td></tr><tr><td>Net investment income</td><td>14,065</td><td>14,053</td><td>16,079</td><td>15,810</td><td>20,343</td></tr><tr><td>Net realized capital gains (losses)</td><td>-1,944</td><td>776</td><td>739</td><td>1,939</td><td>1,087</td></tr><tr><td>Aircraft leasing revenue</td><td>-</td><td>-</td><td>1,602</td><td>4,420</td><td>4,504</td></tr><tr><td>Other income</td><td>3,121</td><td>4,088</td><td>6,117</td><td>6,866</td><td>4,899</td></tr><tr><td> Total revenues</td><td>52,367</td><td>58,327</td><td>64,406</td><td>68,874</td><td>71,214</td></tr><tr><td> Benefits, losses and expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Policyholder benefits and losses incurred</td><td>32,437</td><td>31,345</td><td>28,281</td><td>29,503</td><td>32,036</td></tr><tr><td>Interest credited to policyholder account balances</td><td>3,705</td><td>3,731</td><td>3,768</td><td>3,892</td><td>4,340</td></tr><tr><td>Amortization of deferred policy acquisition costs</td><td>4,521</td><td>5,236</td><td>5,330</td><td>5,157</td><td>5,709</td></tr><tr><td>General operating and other expenses</td><td>10,989</td><td>12,686</td><td>13,138</td><td>13,564</td><td>13,013</td></tr><tr><td>Interest expense</td><td>1,260</td><td>1,281</td><td>1,718</td><td>2,142</td><td>2,319</td></tr><tr><td>Aircraft leasing expenses</td><td>-</td><td>-</td><td>1,585</td><td>4,549</td><td>4,138</td></tr><tr><td>Net loss on extinguishment of debt</td><td>74</td><td>756</td><td>2,282</td><td>651</td><td>32</td></tr><tr><td>Net (gain) loss on sale of properties and divested businesses</td><td>-545</td><td>11</td><td>-2,197</td><td>48</td><td>6,736</td></tr><tr><td> Total benefits, losses and expenses</td><td>52,441</td><td>55,046</td><td>53,905</td><td>59,506</td><td>68,323</td></tr><tr><td>Income (loss) from continuing operations before income taxes</td><td>-74</td><td>3,281</td><td>10,501</td><td>9,368</td><td>2,891</td></tr><tr><td>Income tax expense (benefit)</td><td>185</td><td>1,059</td><td>2,927</td><td>360</td><td>-808</td></tr><tr><td>Income (loss) from continuing operations</td><td>-259</td><td>2,222</td><td>7,574</td><td>9,008</td><td>3,699</td></tr><tr><td>Income (loss) from discontinued operations, net of taxes</td><td>-90</td><td>-</td><td>-50</td><td>84</td><td>1</td></tr><tr><td> Net income (loss)</td><td>-349</td><td>2,222</td><td>7,524</td><td>9,092</td><td>3,700</td></tr><tr><td> Net income (loss) from continuing operations attributable</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> to noncontrolling interests</td><td>500</td><td>26</td><td>-5</td><td>7</td><td>262</td></tr><tr><td> Net income (loss) attributable to AIG</td><td>-849</td><td>2,196</td><td>7,529</td><td>9,085</td><td>3,438</td></tr><tr><td> Income (loss) per common share attributable to AIG</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> common shareholders</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>-0.70</td><td>1.69</td><td>5.31</td><td>6.11</td><td>2.04</td></tr><tr><td>Income (loss) from discontinued operations</td><td>-0.08</td><td>-</td><td>-0.04</td><td>0.05</td><td>-</td></tr><tr><td>Net income (loss) attributable to AIG</td><td>-0.78</td><td>1.69</td><td>5.27</td><td>6.16</td><td>2.04</td></tr><tr><td>Diluted</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>-0.70</td><td>1.65</td><td>5.24</td><td>6.08</td><td>2.04</td></tr><tr><td>Income (loss) from discontinued operations</td><td>-0.08</td><td>-</td><td>-0.04</td><td>0.05</td><td>-</td></tr><tr><td>Net income (loss) attributable to AIG</td><td>-0.78</td><td>1.65</td><td>5.20</td><td>6.13</td><td>2.04</td></tr><tr><td>Dividends declared per common share</td><td>1.28</td><td>0.81</td><td>0.50</td><td>0.20</td><td>-</td></tr></table>
<table><tr><td> Years Ended December 31,</td><td colspan="3">Gain (Loss)</td></tr><tr><td><i>(in millions)</i></td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td> Assets:</td><td></td><td></td><td></td></tr><tr><td>Bond and equity securities</td><td>$1,646</td><td>$447</td><td>$616</td></tr><tr><td>Alternative investments<sup>(a)</sup></td><td>509</td><td>28</td><td>36</td></tr><tr><td>Other, including Short-term investments</td><td>1</td><td>-</td><td>2</td></tr><tr><td> Liabilities:</td><td></td><td></td><td></td></tr><tr><td>Long-term debt<sup>(b)</sup></td><td>-49</td><td>-9</td><td>-38</td></tr><tr><td>Other liabilities</td><td>-2</td><td>-</td><td>-3</td></tr><tr><td> Total gain</td><td>$2,105</td><td>$466</td><td>$613</td></tr></table>

Question: What's the average of Policy fees in 2016, 2015, and 2014? (in million)
Answer: 2700.67
Reasoning program: add(2732,2755), add(#0,2615), divide(#1,const_3)