The sensitivity factors utilized for 2016 and presented above were selected based on historical data from 1996 to 2016, as follows (see the table below): ?
a 100 basis point parallel shift in the yield curve is consistent with a one standard deviation movement of the benchmark ten-year treasury yield; ?
a 20 percent drop for equity and alternative investments is broadly consistent with a one standard deviation movement in the S&P 500; and ?
a 10 percent depreciation of foreign currency exchange rates is consistent with a one standard deviation movement in the U. S.  dollar (USD)/Japanese yen (JPY) exchange rate.
## Table 0 ##
Risk Monitoring and Limits The risk monitoring responsibilities, owned by the business units, include ensuring compliance with market risk limits and escalation and remediation of limit breaches.
Such activities must be reported to the ERM Market Risk team by the relevant business unit.
This monitoring approach is aligned with our overall risk limits framework.
To control our exposure to market risk, we rely on a three-tiered hierarchy of limits that the CMRO closely monitors and reports to our CRO, senior management and risk committees.
See Risk Appetite, Limits, Identification, and Measurement – Risk Limits herein for further information on our three-tiered hierarchy of limits.
LIQUIDITY RISK MANAGEMENT Liquidity risk is defined as the risk that our financial condition will be adversely affected by the inability or perceived inability to meet our short-term cash, collateral or other financial obligations.
Failure to appropriately manage liquidity risk can result in insolvency, reduced operating flexibility, increased costs, reputational harm and regulatory action.
AIG and its legal entities seek to maintain sufficient liquidity during both the normal course of business and under defined liquidity stress scenarios to ensure that sufficient cash will be available to meet the obligations as they come due.
AIG Parent liquidity risk tolerance levels are designed to allow it to meet our financial obligations for a minimum of six- months under a liquidity stress scenario.
We maintain liquidity limits and minimum coverage ratios designed to ensure that funding needs are met under varying market conditions.
If we project that we will breach these tolerances, we will assess and determine appropriate liquidity management actions.
However, the market conditions in effect at that time may not permit us to achieve an increase in liquidity sources or a reduction in liquidity requirements.
Risk Identification The following sources of liquidity and funding risks could impact our ability to meet short-term financial obligations as they come due.  ?
Market/Monetization Risk: Assets may not be readily transformed into cash due to unfavorable market conditions.
Market liquidity risk may limit our ability to sell assets at reasonable values to meet liquidity needs.  ?
Cash Flow Mismatch Risk: Discrete and cumulative cash flow mismatches or gaps over short-term horizons under both expected and adverse business conditions may create future liquidity shortfalls.  ?
Event Funding Risk: Additional funding may be required as the result of a trigger event.
Event funding risk comes in many forms and may result from a downgrade in credit ratings, a market event, or some other event that creates a funding obligation or limits existing funding options.  ?
Financing Risk: We may be unable to raise additional cash on a secured or unsecured basis due to unfavorable market conditions, AIG-specific issues, or any other issue that impedes access to additional funding.
LIABILITY AND FINANCIAL LINES RESULTS
## Table 1 ##
Adjustments for accident year loss ratio, as adjusted, and accident year combined ratio, as adjusted:
## Table 2 ##
(a) Consistent with our definition of Pre-tax operating income, excludes loss reserve discount.
Business and Financial Highlights The net premiums written decrease in 2016 was driven by the Swiss Re quota share treaty, portfolio optimization and execution on our pricing strategy, partially offset by growth in targeted lines of business.
The increase in net losses was driven by net adverse prior year reserve development.
The acquisition expense decrease was primarily related to the 2016 Swiss Re quota share treaty.
The general operating expense decrease was driven by lower employee-related expenses and other expense savings initiatives.
Lower net investment income was driven primarily by lower alternative investment returns due to weaker performance in equity markets compared to prior years.
We continue to reduce the relative size of our U. S.  casualty portfolio within Liability and Financial Lines and consequently expect that net premiums written will continue to decline through 2017, in large part driven by the impact of our continued strategy on risk selection, disciplined underwriting and execution of our reinsurance strategy to further reduce risk.
As discussed in the Executive Summary, in January 2017, we entered into an adverse development reinsurance agreement with NICO, which covers 80 percent of up to $9 billion of potential future prior year development on substantially all of our U. S.  Casualty and Financial Lines exposures for accident years 2015 and prior.
Under U. S.  GAAP, any potential future prior year development would be recognized immediately as losses are incurred; however, the related recoveries under the reinsurance agreement would be deferred and recognized over the expected recovery period.
## Table 3 ##
rating as of December 31, 2002 met such requirement.
Fair Value Commitments under the Credit Facility are subject to certain The carrying value of the Company’s borrowings approxi- fees, including a facility and a utilization fee.
mates fair value due to their short-term maturities and Uncommitted Credit Facilities variable interest rates.
The Company has a $26 million uncommitted unsecured 8.
DERIVATIVE FINANCIAL INSTRUMENTS revolving line of credit.
The purpose of this credit line is to support the working capital needs, letters of credit and The Company is exposed to market risk due to changes overdraft needs for the Company.
The uncommitted credit in currency exchange rates.
As a result, the Company utilizes agreement contains customary affirmative and negative cove- foreign exchange forward contracts to offset the effect of nants and events of default, none of which are considered exchange rate fluctuations on anticipated foreign currency restrictive to the operation of the business.
In addition, this transactions, primarily intercompany sales and purchases uncommitted credit agreement provides for unconditional expected to occur within the next twelve to twenty-four and irrevocable guarantees by the Company.
In the event the months.
The Company does not hold financial instruments Company’s long-term debt ratings by both Standard and for trading or speculative purposes.
For derivatives which Poor’s Ratings Services and Moody’s Investor’s Service, Inc. , qualify as hedges of future cash flows, the effective portion fall below BB- and Ba3, then the Company may be required of changes in fair value is temporarily recorded in other to repay all outstanding and contingent obligations.
The comprehensive income, then recognized in earnings when Company’s credit rating as of December 31, 2002 met such the hedged item affects earnings.
The ineffective portion of requirement.
This uncommitted credit line matures on a derivative’s change in fair value, if any, is reported in July 31, 2003.
Outstanding borrowings under this uncommit- earnings.
The net amount recognized in earnings during the ted line of credit as of December 31, 2002 were $0.5 million years ended December 31, 2002 and 2001, due to ineffectivewith a weighted average interest rate of 6.35 percent.
ness and amounts excluded from the assessment of hedge The Company also has a $15 million uncommitted effectiveness, was not significant.
revolving unsecured line of credit.
The purpose of this line of The notional amounts of outstanding foreign exchange credit is to support short-term working capital needs of the forward contracts, principally Japanese Yen and the Euro, Company.
The agreement for this uncommitted unsecured entered into with third parties, at December 31, 2002, was line of credit contains customary covenants, none of which $252 million.
The fair value of derivative instruments recorded are considered restrictive to the operation of the business.
in accrued liabilities at December 31, 2002, was $13.8 million, This uncommitted line matures on July 31, 2003.
There were or $8.5 million net of taxes, which is deferred in other no borrowings under this uncommitted line of credit as of comprehensive income and is expected to be reclassified to December 31, 2002.  earnings over the next two years, of which, $7.7 million, or The Company has a $20 million uncommitted revolving $4.8 million, net of taxes, is expected to be reclassified to unsecured line of credit.
The purpose of this line of credit is earnings over the next twelve months.
to support short-term working capital needs of the Company.
The pricing is based upon money market rates.
The agree- 9.
CAPITAL STOCK AND EARNINGS PER SHARE ment for this uncommitted unsecured line of credit contains As discussed in Note 14, all of the shares of Company customary covenants, none of which are considered restrictive common stock were distributed at the Distribution by the to the operation of the business.
This uncommitted line former parent to its stockholders in the form of a dividend matures on July 31, 2003.
There were no borrowings under of one share of Company common stock, and the associated this uncommitted line of credit as of December 31, 2002.  preferred stock purchase right, for every ten shares of The Company was in compliance with all covenants common stock of the former parent.
In July 2001 the board under all three of the uncommitted credit facilities as of of directors of the Company adopted a rights agreement December 31, 2002.
The Company had no long-term debt intended to have anti-takeover effects.
Under this agreement as of December 31, 2002.  one right attaches to each share of Company common stock.
Outstanding debt as of December 31, 2002 and 2001, The rights will not become exercisable until the earlier of: consist of the following (in millions): a) the Company learns that a person or group acquired, or 2002 2001 obtained the right to acquire, beneficial ownership of securiCredit Facility $156.2 $358.2 ties representing more than 20 percent of the shares of Uncommitted credit facilities 0.5 5.7 Company common stock then outstanding, or b) such date, if any, as may be designated by the board of directors Total debt $156.7 $363.9 following the commencement of, or first public disclosure of The Company paid $13.0 million and $4.6 million in an intention to commence, a tender offer or exchange offer interest charges during 2002 and 2001, respectively.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Period</td><td>Standard Deviation</td><td>Suggested 2016 Scenario</td><td>2016 Scenario as a Multiple of Standard Deviation</td><td>2016 Change/ Return</td><td>2016 as a Multiple of Standard Deviation</td><td>Original 2015 Scenario (based on Standard Deviation for 1995-2015 Period)</td></tr><tr><td>10-Year Treasury</td><td>1996-2016</td><td>0.01</td><td>0.01</td><td>0.99</td><td>-</td><td>0.18</td><td>0.01</td></tr><tr><td>S&P 500</td><td>1996-2016</td><td>0.18</td><td>0.20</td><td>1.10</td><td>0.10</td><td>0.53</td><td>0.20</td></tr><tr><td>USD/JPY</td><td>1996-2016</td><td>0.12</td><td>0.10</td><td>0.86</td><td>0.03</td><td>0.24</td><td>0.10</td></tr></table>
<table><tr><td> Years Ended December 31,</td><td></td><td></td><td></td><td colspan="2">Change</td></tr><tr><td><i>(in millions)</i></td><td>2016</td><td>2015</td><td>2014</td><td>2016 vs. 2015</td><td>2015 vs. 2014</td></tr><tr><td> Underwriting results:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net premiums written</td><td>$9,379</td><td>$12,570</td><td>$12,718</td><td>-25%</td><td>-1%</td></tr><tr><td>(Increase) decrease in unearned premiums</td><td>1,191</td><td>-704</td><td>-116</td><td>NM</td><td>NM</td></tr><tr><td> Net premiums earned</td><td>10,570</td><td>11,866</td><td>12,602</td><td>-11</td><td>-6</td></tr><tr><td>Losses and loss adjustment expenses incurred</td><td>13,134</td><td>11,946</td><td>9,278</td><td>10</td><td>29</td></tr><tr><td>Acquisition expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amortization of deferred policy acquisition costs</td><td>1,098</td><td>1,439</td><td>1,464</td><td>-24</td><td>-2</td></tr><tr><td>Other acquisition expenses</td><td>303</td><td>337</td><td>464</td><td>-10</td><td>-27</td></tr><tr><td> Total acquisition expenses</td><td>1,401</td><td>1,776</td><td>1,928</td><td>-21</td><td>-8</td></tr><tr><td>General operating expenses</td><td>1,384</td><td>1,623</td><td>1,762</td><td>-15</td><td>-8</td></tr><tr><td> Underwriting loss</td><td>-5,349</td><td>-3,479</td><td>-366</td><td>-54</td><td>NM</td></tr><tr><td>Net investment income</td><td>2,700</td><td>2,818</td><td>3,410</td><td>-4</td><td>-17</td></tr><tr><td> Pre-tax operating income (loss)</td><td>$-2,649</td><td>$-661</td><td>$3,044</td><td>-301%</td><td>NM%</td></tr></table>
<table><tr><td> Loss ratio<sup>(a)</sup></td><td> 124.2</td><td>100.7</td><td>73.7</td><td>23.5</td><td>27.0</td></tr><tr><td>Acquisition ratio</td><td> 13.3</td><td>15.0</td><td>15.3</td><td>-1.7</td><td>-0.3</td></tr><tr><td>General operating expense ratio</td><td> 13.1</td><td>13.7</td><td>14.0</td><td>-0.6</td><td>-0.3</td></tr><tr><td> Expense ratio</td><td> 26.4</td><td>28.7</td><td>29.3</td><td>-2.3</td><td>-0.6</td></tr><tr><td> Combined ratio<sup>(a)</sup></td><td> 150.6</td><td>129.4</td><td>103.0</td><td>21.2</td><td>26.4</td></tr><tr><td> Adjustments for accident year loss ratio, as adjusted, and accident year combined ratio, as adjusted:</td><td> </td><td></td><td></td><td></td><td></td></tr><tr><td>Catastrophe losses and reinstatement premiums</td><td> -</td><td>-0.1</td><td>-0.1</td><td>0.1</td><td>-</td></tr><tr><td>Prior year development net of premium adjustments</td><td> -50.9</td><td>-30.4</td><td>-5.8</td><td>-20.5</td><td>-24.6</td></tr><tr><td> Accident year loss ratio, as adjusted</td><td> 73.3</td><td>70.2</td><td>67.8</td><td>3.1</td><td>2.4</td></tr><tr><td> Accident year combined ratio, as adjusted</td><td> 99.7</td><td>98.9</td><td>97.1</td><td>0.8</td><td>1.8</td></tr></table>
<table><tr><td></td><td>2002</td><td>2001</td></tr><tr><td>Credit Facility</td><td>$156.2</td><td>$358.2</td></tr><tr><td>Uncommitted credit facilities</td><td>0.5</td><td>5.7</td></tr><tr><td>Total debt</td><td>$156.7</td><td>$363.9</td></tr></table>

Question: what percent of the total debt is in the 2002 debt balance?
Answer: 0.301
Reasoning program: add(156.7,363.9), divide(156.7,#0)