American International Group, Inc.  and Subsidiaries Management’s Discussion and Analysis of Financial Condition and Results of Operations Continued
## Table 0 ##
(a) Premiums and other considerations include structured settlements, single premium immediate annuities and terminal funding annuities.2007 and 2006 Comparison benefits due to additional reinsurance recoveries associated with Superior National.
Total Domestic Life Insurance revenues in 2007 decreased Life insurance premiums and other considerations increased in compared to 2006 primarily due to higher net realized capital 2007 compared to 2006 driven by growth in life insurance losses, partially offset by higher premiums and other considera- business in force and increased policyholder charges related to tions and net investment income.
Domestic Life Insurance universal life and whole life products.
Net investment income in premiums and other considerations increased in 2007 compared 2007 compared to 2006 increased due to higher partnership to 2006 primarily due to the growth in life insurance business in income, higher call and tender income and positive changes from force and payout annuity premiums, which were partially offset by foreign denominated emerging market bonds.
Life insurance a decline in group life/health premiums due to exiting the financial operating income decreased in 2007 compared to 2006 primarily institutions credit life business at the end of 2006.
Domestic Life due to higher net realized capital losses and higher mortality in Insurance operating income decreased in 2007 compared to 2007, although mortality is still within expected ranges.
In 2006, primarily due to higher net realized capital losses which addition, operating income in 2007 included a $25 million consisted of losses related to sales of securities, other-than- increase in reserves related to changes in actuarial estimates and temporary impairment writedowns of fixed income securities as an $11 million increase in DAC amortization related to SOP 05-1.  well as derivative losses.
The higher net realized capital losses in Home service premiums and other considerations declined in 2007 were partially offset by increases in premiums and other 2007 compared to 2006 as the reduction in premiums in force considerations and net investment income, and an improvement from normal lapses and maturities exceeded sales growth.
Net in group life/health results compared to 2006, which included a investment income in 2007 increased slightly compared to 2006 $125 million charge related to the Superior National workers due to higher partnership income and positive changes from compensation arbitration, a $66 million loss related to the exit foreign denominated emerging market bonds.
Home service from the financial institutions credit life business and a $55 mil- operating income decreased largely due to higher net realized lion charge related to litigation reserves.
Changes in actuarial capital losses and an $11 million increase in DAC amortization estimates, including DAC unlockings and refinements in estimates related to SOP 05-1, partially offset by continued improvement in resulting from actuarial valuation system enhancements, resulted profit margins.
in a net decrease in operating income of $52 million in 2007.
Group life/health premiums and other considerations in 2007 Operating income in 2007 was also negatively affected by a declined compared to 2006, primarily due to the exit from the $67 million increase in DAC amortization related to SOP 05-1, financial institutions credit life business at the end of 2006 and which was partially offset by a $52 million decrease in policy tightened pricing and underwriting in the group employer product
American International Group, Inc. , and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS At December 31, 2010, the fair value of securities pledged as collateral with respect to these obligations approximated $5.7 billion consisting primarily of securities of U. S.  government and government sponsored entities.
(iii) Notes and bonds payable at fair value: Direct Investment business notes and bonds also include structured debt instruments whose payment terms are linked to one or more financial or other indices (such as an equity index or commodity index or another measure that is not considered to be clearly and closely related to the debt instrument).
These notes contain embedded derivatives that otherwise would be required to be accounted for separately.
The notes and bonds payable, including the structured debt instruments, are accounted for using the fair value option.
The following table presents AIG borrowings supported by assets:
## Table 1 ##
The Direct Investment business economically hedges its notes, bonds and GIAs.
AIG Parent guarantees all Direct Investment business debt, except for MIP notes payable, which are direct obligations of AIG, Inc.  ILFC (i) Notes and bonds payable: At December 31, 2010, notes aggregating $16.9 billion were outstanding, consisting of $6.9 billion of term notes, $10.0 billion of medium-term notes with maturities ranging from 2011 to 2020 and interest rates ranging from 0.61 percent to 8.88 percent and $1.0 billion of junior subordinated debt, as discussed below.
Notes aggregating $2.0 billion are at floating interest rates and the remainder are at fixed rates.
ILFC enters into swap transactions to manage its effective borrowing rates with respect to these notes.
On December 7, 2010, ILFC issued $1.0 billion aggregate principal amount of 8.25 percent senior notes due December 15, 2020.
On August 20, 2010, ILFC issued $500 million aggregate principal amount of 8.875 percent senior notes due September 1, 2017.
Part of the proceeds from this debt issuance was used to repay loans from AIG, and then used by AIG to reduce the principal amount outstanding under the FRBNY Credit Facility.
On March 22, 2010 and April 6, 2010, ILFC issued a combined $1.25 billion aggregate principal amount of 8.625 percent senior notes due September 15, 2015, and $1.5 billion aggregate principal amount of 8.750 percent senior notes due March 15, 2017 in private placements.
The notes are due in full on their scheduled maturity dates.
In 2009, ILFC entered into term loan agreements (the Term Loans) with AIG Funding in the amount of $3.9 billion.
The Term Loans were secured by a portfolio of aircraft and all related equipment and leases.
These Term Loans were scheduled to mature on September 13, 2013.
The funds for the Term Loans were provided to
ITEM 7 / ENTERPRISE RISK MANAGEMENT Other Operations Global Capital Markets GCM actively manages its exposures to limit potential economic losses, and in doing so, GCM must continually manage a variety of exposures including credit, market, liquidity, operational and legal risks.
The senior management of AIG defines the policies and establishes general operating parameters for GCM’s operations.
Our senior management has established various oversight committees to regularly monitor various financial market, operational and credit risks related to GCM’s operations.
The senior management of GCM reports the results of its operations to and reviews future strategies with AIG’s senior management.
GCM Derivative Transactions A counterparty may default on any obligation to us, including a derivative contract.
Credit risk is a consequence of extending credit and/or carrying trading and investment positions.
Credit risk exists for a derivative contract when that contract has a positive fair value to AIG.
The maximum potential exposure will increase or decrease during the life of the derivative commitments as a function of maturity and market conditions.
To help manage this risk, GCM’s credit department operates within the guidelines set by the credit function within ERM.
Transactions that fall outside these pre-established guidelines require the specific approval of the ERM.
It is also AIG’s policy to record credit valuation adjustments for potential counterparty default when necessary.
In addition, GCM utilizes various credit enhancements, including letters of credit, guarantees, collateral, credit triggers, credit derivatives, margin agreements and subordination to reduce the credit risk relating to its outstanding financial derivative transactions.
GCM requires credit enhancements in connection with specific transactions based on, among other things, the creditworthiness of the counterparties, and the transaction’s size and maturity.
Furthermore, GCM generally seeks to enter into agreements that have the benefit of set-off and close-out netting provisions.
These provisions provide that, in the case of an early termination of a transaction, GCM can set off its receivables from a counterparty against its payables to the same counterparty arising out of all covered transactions.
As a result, where a legally enforceable netting agreement exists, the fair value of the transaction with the counterparty represents the net sum of estimated fair values.
The fair value of GCM’s interest rate, currency, credit, commodity and equity swaps, options, swaptions, and forward commitments, futures, and forward contracts reported in Derivative assets, at fair value, was approximately $3.2 billion at December 31, 2012 and $3.9 billion at December 31, 2011.
Where applicable, these amounts have been determined in accordance with the respective master netting agreements.
GCM evaluates the counterparty credit quality by reference to ratings from rating agencies or, where such ratings are not available, by internal analysis consistent with the risk rating policies of the ERM.
In addition, GCM’s credit approval process involves pre-set counterparty and country credit exposure limits subject to approval by the ERM and, for particularly credit-intensive transactions, requires approval from the ERM.
The following table presents the fair value of GCM’s derivatives portfolios by counterparty credit rating:
## Table 2 ##
See Critical Accounting Estimates below and Note 12 to the Consolidated Financial Statements for additional discussion related to derivative transactions.
Reinsurance Recoverable AIG’s reinsurance recoverable assets are comprised of: ?
Paid losses recoverable – balances due from reinsurers for losses and loss adjustment expenses paid by our subsidiaries and billed, but not yet collected.  ?
Ceded loss reserves – ultimate ceded reserves for losses and loss adjustment expenses, including reserves for claims reported but not yet paid and estimates for IBNR.  ?
Ceded reserves for unearned premiums.  ?
Life and Annuity reinsurance recoverables (ceded policy and claim reserves).
At December 31, 2018, total reinsurance recoverable assets were $38.2 billion.
These assets include general reinsurance paid losses recoverable of $1.5 billion, ceded loss reserves of $32.0 billion including reserves for incurred but not reported (IBNR) claims, and ceded reserves for unearned premiums of $3.0 billion, as well as life reinsurance recoverable of $1.7 billion.
The methods used to estimate IBNR and to establish the resulting ultimate losses involve projecting the frequency and severity of losses over multiple years.
These methods are continually reviewed and updated by management.
Any adjustments are reflected in income.
We believe that the amount recorded for ceded loss reserves at December 31, 2018 reflects a reasonable estimate of the ultimate losses recoverable.
Actual losses may, however, differ from the reserves currently ceded.
The Reinsurance Credit Department (RCD) conducts periodic detailed assessments of the financial strength and condition of current and potential reinsurers, both foreign and domestic.
The RCD monitors both the financial condition of reinsurers as well as the total reinsurance recoverable ceded to reinsurers, and sets limits with regard to the amount and type of exposure we are willing to take with reinsurers.
As part of these assessments, we attempt to identify whether a reinsurer is appropriately licensed, assess its financial capacity and liquidity, and evaluate the local economic and financial environment in which a foreign reinsurer operates.
The RCD reviews the nature of the risks ceded and the need for measures, including collateral to mitigate credit risk.
For example, in our treaty reinsurance contracts, we frequently include provisions that require a reinsurer to post collateral or use other measures to reduce exposure when a referenced event occurs.
Furthermore, we limit our unsecured exposure to reinsurers through the use of credit triggers such as insurer financial strength rating downgrades, declines in regulatory capital, or relevant risk-based capital (RBC) ratios fall below certain levels.
We also set maximum limits for reinsurance recoverable exposure, which in some cases is the recoverable amount plus an estimate of the maximum potential exposure from unexpected events for a reinsurer.
In addition, credit executives within ERM review reinsurer exposures and credit limits and approve reinsurer credit limits above specified levels.
Finally, even where we conclude that uncollateralized credit risk is acceptable, we require collateral from active reinsurance counterparties where it is necessary for our subsidiaries to recognize the reinsurance recoverable assets for statutory accounting purposes.
At December 31, 2018, we held $20.2 billion of collateral, in the form of funds withheld, securities in reinsurance trust accounts and/or irrevocable letters of credit, in support of reinsurance recoverable assets from unaffiliated reinsurers.
The following table presents information for each reinsurer representing in excess of five percent of our total reinsurance recoverable assets:

Tables referenced above, in order (Table 0 first):
<table><tr><td><i>(in millions)</i></td><td>Premiums and Other Considerations</td><td>Net Investment Income</td><td>Net Realized Capital Gains (Losses)</td><td>Total Revenues</td><td>Operating Income (Loss)</td></tr><tr><td>2005</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Life insurance</td><td>$2,041</td><td>$1,352</td><td>$98</td><td>$3,491</td><td>$874</td></tr><tr><td>Home service</td><td>801</td><td>605</td><td>-2</td><td>1,404</td><td>282</td></tr><tr><td>Group life/health</td><td>1,079</td><td>201</td><td>-1</td><td>1,279</td><td>69</td></tr><tr><td>Payout annuities<i><sup>(a)</sup></i></td><td>1,473</td><td>912</td><td>-34</td><td>2,351</td><td>128</td></tr><tr><td>Individual fixed and runoff annuities</td><td>53</td><td>663</td><td>-26</td><td>690</td><td>142</td></tr><tr><td>Total</td><td>$5,447</td><td>$3,733</td><td>$35</td><td>$9,215</td><td>$1,495</td></tr><tr><td> Percentage Increase/(Decrease) 2007 vs. 2006:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Life insurance</td><td>11%</td><td>11%</td><td>—%</td><td>-4%</td><td>-65%</td></tr><tr><td>Home service</td><td>-3</td><td>2</td><td>—</td><td>-5</td><td>-23</td></tr><tr><td>Group life/health</td><td>-15</td><td>-6</td><td>—</td><td>-15</td><td>—</td></tr><tr><td>Payout annuities</td><td>15</td><td>15</td><td>—</td><td>15</td><td>-3</td></tr><tr><td>Individual fixed and runoff annuities</td><td>12</td><td>-14</td><td>—</td><td>-13</td><td>-8</td></tr><tr><td>Total</td><td>5%</td><td>6%</td><td>—%</td><td>-1%</td><td>-30%</td></tr><tr><td>Percentage Increase/(Decrease) 2006 vs. 2005:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Life insurance</td><td>4%</td><td>2%</td><td>—%</td><td>-2%</td><td>-25%</td></tr><tr><td>Home service</td><td>-1</td><td>4</td><td>—</td><td>-2</td><td>—</td></tr><tr><td>Group life/health</td><td>-8</td><td>6</td><td>—</td><td>-6</td><td>—</td></tr><tr><td>Payout annuities</td><td>7</td><td>10</td><td>—</td><td>8</td><td>-41</td></tr><tr><td>Individual fixed and runoff annuities</td><td>-8</td><td>-16</td><td>—</td><td>-18</td><td>-55</td></tr><tr><td>Total</td><td>2%</td><td>1%</td><td>—%</td><td>-1%</td><td>-39%</td></tr></table>
<table><tr><td> At December 31, 2010 <i>(dollars in millions)</i> Range of Maturities </td><td>Currency </td><td>Range of Interest Rates </td><td>U.S. Dollar Carrying Value </td></tr><tr><td>2011 - 2054</td><td>U.S. dollar</td><td>0.26 - 10.00%</td><td>$16,533</td></tr><tr><td>2011 - 2047</td><td>Euro</td><td>0.98 - 9.74</td><td>5,327</td></tr><tr><td>2011 - 2040</td><td>Japanese yen</td><td>0.01 - 3.65</td><td>2,958</td></tr><tr><td>2011 - 2017</td><td>Swiss franc</td><td>0.78 - 3.39</td><td>1,435</td></tr><tr><td>2014</td><td>Canadian dollar</td><td>4.90</td><td>438</td></tr><tr><td>2016 - 2017</td><td>Mexican peso</td><td>7.98 - 8.59</td><td>315</td></tr><tr><td>2012</td><td>Swedish krona</td><td>2.03</td><td>297</td></tr><tr><td>2011 - 2017</td><td>Australian dollar</td><td>1.54 - 2.65</td><td>85</td></tr><tr><td>2013</td><td>Great Britain pound</td><td>1.10</td><td>44</td></tr><tr><td>2012 - 2017</td><td>Other</td><td></td><td>10</td></tr><tr><td>Total</td><td></td><td></td><td>$27,442</td></tr></table>
<table><tr><td>  At December 31, <i></i><i>(in millions)</i> </td><td>  2012 </td><td>2011 </td></tr><tr><td> Rating:</td><td></td><td></td></tr><tr><td>AAA</td><td>  $ 145</td><td>$ 260</td></tr><tr><td>AA</td><td>  168</td><td>58</td></tr><tr><td>A</td><td>  745</td><td>1,218</td></tr><tr><td>BBB</td><td>  1,907</td><td>2,081</td></tr><tr><td>Below investment grade</td><td>  199</td><td>247</td></tr><tr><td>Total</td><td>  $ 3,164</td><td>$ 3,864</td></tr></table>

Question: What is the ratio of Life insurance to the total in 2005 for Premiums and Other Considerations?
Answer: 0.3747
Reasoning program: divide(2041,5447)