Annuities The following table presents the results of operations of our Annuities segment on an operating basis:
## Table 0 ##
Our Annuities segment pretax operating income, which excludes net realized gains or losses and the market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization), increased $99 million, or 19%, to $629 million for the year ended December 31, 2013 compared to $530 million for the prior year primarily due to the impact of unlocking, which was an increase to pretax operating income of $60 million for the year ended December 31, 2013 compared to a decrease of $11 million for the prior year.
During the fourth quarter of 2013, we added Portfolio Stabilizer fund options for our in force variable annuities with living benefit guarantees.
These additional investment options resulted in sizable asset movement into the Portfolio Stabilizer funds.
The resulting earnings benefit in the fourth quarter of 2013 was $26 million.
RiverSource variable annuity account balances increased 11% to $75.5 billion at December 31, 2013 compared to the prior year due to market appreciation, partially offset by net outflows.
Variable annuity net outflows of $757 million for the year ended December 31, 2013 reflected the closed book of annuities previously sold through third parties, partially offset by $245 million of net inflows in the Ameriprise channel.
RiverSource fixed annuity account balances declined 4% to $13.3 billion at December 31, 2013 compared to the prior year due to ongoing net outflows resulting from low client demand given the interest rate environment.
Net Revenues Net revenues, which exclude net realized gains or losses, increased $42 million, or 2%, to $2.6 billion for the year ended December 31, 2013 compared to $2.5 billion for the prior year primarily due to higher management and financial advice fees and other revenues, partially offset by a decrease in net investment income.
Management and financial advice fees increased $61 million, or 9%, to $709 million for the year ended December 31, 2013 compared to $648 million for the prior year due to higher fees on variable annuities driven by higher separate account balances.
Average variable annuities contract accumulation values increased $5.7 billion, or 9%, from the prior year due to market appreciation, partially offset by net outflows.
Distribution fees increased $22 million, or 7%, to $339 million for the year ended December 31, 2013 compared to $317 million for the prior year primarily due to higher fees on variable annuities driven by higher separate account balances.
Net investment income, which excludes net realized gains or losses, decreased $91 million, or 8%, to $1.0 billion for the year ended December 31, 2013 compared to $1.1 billion for the prior year reflecting a decrease of approximately $26 million from lower invested assets due to net outflows and approximately $60 million from lower interest rates.
Premiums decreased $8 million, or 7%, to $110 million for the year ended December 31, 2013 compared to $118 million for the prior year due to lower sales of immediate annuities with life contingencies.
the pretax impacts on our revenues and expenses attributable to unlocking and additional discussion of the drivers of the unlocking impact.
In January 2013, we completed the conversion of our federal savings bank subsidiary, Ameriprise Bank, FSB, to a limited powers national trust bank, which conversion included changing the name of this subsidiary to Ameriprise National Trust Bank (references herein to ‘‘Ameriprise Bank’’ pertain to this same subsidiary whether before or after its conversion).
In connection with this conversion, deposit-taking and credit-originating activities of Ameriprise Bank were terminated.
In addition, Ameriprise Financial was deregistered by the Federal Reserve as a savings and loan holding company and is no longer subject to supervision and regulation as such.
We continue to make certain deposit and credit products available to our clients via referral arrangements with respected third party financial institutions.
The transition released approximately $375 million of formerly required capital, which we used to repurchase shares of our common stock.
The transition reduced our annual earnings by approximately $49 million in 2013.
At the enterprise level, the earnings per share impact was neutralized by the end of 2013, as we redeployed the excess capital to shareholders through share repurchases.
We consolidate certain collateralized loan obligations (‘‘CLOs’’) and property funds (pooled investment vehicles) for which we provide asset management services.
These entities are defined as consolidated investment entities (‘‘CIEs’’).
While the consolidation of the CIEs impacts our balance sheet and income statement, our exposure to these entities is unchanged and there is no impact to the underlying business results.
For further information on CIEs, see Note 4 to our Consolidated Financial Statements.
Changes in the valuation of the CIE assets and liabilities impact pretax income.
The net income (loss) of the CIEs is reflected in net income (loss) attributable to noncontrolling interests.
The results of operations of the CIEs are reflected in the Corporate & Other segment.
On a consolidated basis, the management fees we earn for the services we provide to the CIEs and the related general and administrative expenses are eliminated and the changes in the assets and liabilities related to the CIEs, primarily syndicated loans and debt, are reflected in net investment income.
We continue to include the fees from these entities in the management and financial advice fees line within our Asset Management segment.
While our consolidated financial statements are prepared in accordance with U. S.  generally accepted accounting principles (‘‘GAAP’’), management believes that operating measures, which exclude net realized gains or losses; the market impact on variable annuity guaranteed benefits, net of hedges and the related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization and the reinsurance accrual; integration and restructuring charges; income (loss) from discontinued operations; and the impact of consolidating CIEs, best reflect the underlying performance of our core operations and facilitate a more meaningful trend analysis.
Management uses certain of these non-GAAP measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors.
Also, certain of these non-GAAP measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and for certain compensation-related matters.
Throughout our Management’s Discussion and Analysis, these non-GAAP measures are referred to as operating measures.
It is management’s priority to increase shareholder value over a multi-year horizon by achieving our on-average, over-time financial targets.
Our financial targets are: ?
Operating total net revenue growth of 6% to 8%, ?
Operating earnings per diluted share growth of 12% to 15%, and ?
Operating return on equity excluding accumulated other comprehensive income (‘‘AOCI’’) of 19% to 23%.
The following tables reconcile our GAAP measures to operating measures:
## Table 1 ##
## Table 2 ##
Recent Accounting Pronouncements In October 2009, the FASB issued Accounting Standards Update (“ASU”) No.2009-13, Multiple-Deliverable Revenue Arrangements, which is effective for arrangements beginning or changed during fiscal years starting after June 15, 2010.
This new standard eliminates the use of the residual method of revenue recognition and requires the allocation of consideration to each deliverable using the relative selling price method.
This new guidance did not have a material impact on revenue recognition because nearly all of the Company’s revenue arrangements are subject to Accounting Standards Codification (“ASC”) Topic 985.
Such arrangements are considered out of scope for this ASU.
In October 2009, the FASB also issued ASU No.2009-14, Software: Certain Revenue Arrangements that Include Software Elements, which is also effective for arrangements beginning or changed during fiscal years starting after June 15, 2010.
This revision to Software (Topic 985) drops from its scope all tangible products containing both software and non-software components that operate together to deliver the product’s functions.
The majority of the Company’s software arrangements are not tangible products with software components; therefore, this update did not materially impact the company.
The FASB issued ASU No.2011-04, Fair Value Measurement in May 2011, which is effective for the Company beginning July 1, 2012 and is to be applied prospectively.
The updated explanatory guidance on measuring fair value will be adopted by the Company at that time and is not expected to have a significant impact on our fair value calculations.
No additional fair value measurements are required as a result of the update.
The FASB also issued ASU No.2011-05, Comprehensive Income in June 2011, which is effective for the Company beginning January 1, 2012 and will be applied retrospectively.
The updated guidance requires non-owner changes in stockholders’ equity to be reported either in a single continuous statement of comprehensive income or in two separate but consecutive statements, rather than as part of the statement of changes in stockholders’ equity.
No changes in disclosure will be required as a result of the update.
Critical Accounting Policies We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States (“U.
S.  GAAP”).
The significant accounting policies are discussed in Note 1 to the consolidated financial statements.
The preparation of consolidated financial statements in accordance with U. S.  GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, as well as disclosure of contingent assets and liabilities.
We base our estimates and judgments upon historical experience and other factors believed to be reasonable under the circumstances.
Changes in estimates or assumptions could result in a material adjustment to the consolidated financial statements.
We have identified several critical accounting estimates.
An accounting estimate is considered critical if both: (a) the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment involved, and (b) the impact of changes in the estimates and assumptions would have a material effect on the consolidated financial statements.
Table VIII Allocation of the Allowance for Credit Losses by Product Type
## Table 3 ##
(1) Includes allowance for loan and lease losses for U. S.  small business commercial loans of $536 million, $462 million, $642 million, $893 million and $1.5 billion at December 31, 2014, 2013, 2012, 2011 and 2010, respectively.
(2) Includes allowance for loan and lease losses for impaired commercial loans of $159 million, $277 million, $475 million, $545 million and $1.1 billion at December 31, 2014, 2013, 2012, 2011 and 2010, respectively.
(3) Includes $1.7 billion, $2.5 billion, $5.5 billion, $8.5 billion and $6.4 billion of valuation allowance presented with the allowance for loan and lease losses related to PCI loans at December 31, 2014, 2013, 2012, 2011 and 2010, respectively
Results of Operations Net earnings for the fiscal year ended December 25, 2005 were $212,075, or $1.09 per diluted share.
This compares to net earnings for fiscal 2004 and 2003 of $195,977 and $157,664, or $.96 and $.85 per diluted share, respectively.
Net earnings and basic and diluted earnings per share for 2005 include income tax expense of approximately $25,800 related to the Company’s repatriation of approximately $547,000 of foreign earnings in the fourth quarter of 2005 pursuant to the special incentive provided by the American Jobs Creation Act of 2004.
Net earnings and basic and diluted earnings per share for 2003 include a cumulative effect of accounting change, net of tax, of $(17,351), or $(.09) per diluted share, relating to the adoption of Statement of Financial Accounting Standards No.150, “Accounting for Certain Financial Instruments with Characteristics of Liabilities and Equity” (“SFAS 150”).
Consolidated net revenues for the year ended December 25, 2005 were $3,087,627 compared to $2,997,510 in 2004 and $3,138,657 in 2003.
Most of the Company’s revenues and operating profits were derived from its three principal segments: U. S.  Toys, Games and International, which are discussed in detail below.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2">Years Ended December 31,</td><td></td><td></td></tr><tr><td></td><td>2013</td><td>2012</td><td colspan="2">Change</td></tr><tr><td></td><td colspan="3">(in millions)</td><td></td></tr><tr><td>Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$709</td><td>$648</td><td>$61</td><td>9%</td></tr><tr><td>Distribution fees</td><td>339</td><td>317</td><td>22</td><td>7</td></tr><tr><td>Net investment income</td><td>1,036</td><td>1,127</td><td>-91</td><td>-8</td></tr><tr><td>Premiums</td><td>110</td><td>118</td><td>-8</td><td>-7</td></tr><tr><td>Other revenues</td><td>367</td><td>309</td><td>58</td><td>19</td></tr><tr><td>Total revenues</td><td>2,561</td><td>2,519</td><td>42</td><td>2</td></tr><tr><td>Banking and deposit interest expense</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total net revenues</td><td>2,561</td><td>2,519</td><td>42</td><td>2</td></tr><tr><td>Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>420</td><td>381</td><td>39</td><td>10</td></tr><tr><td>Interest credited to fixed accounts</td><td>653</td><td>688</td><td>-35</td><td>-5</td></tr><tr><td>Benefits, claims, losses and settlement expenses</td><td>498</td><td>419</td><td>79</td><td>19</td></tr><tr><td>Amortization of deferred acquisition costs</td><td>111</td><td>229</td><td>-118</td><td>-52</td></tr><tr><td>Interest and debt expense</td><td>37</td><td>34</td><td>3</td><td>9</td></tr><tr><td>General and administrative expense</td><td>213</td><td>238</td><td>-25</td><td>-11</td></tr><tr><td>Total expenses</td><td>1,932</td><td>1,989</td><td>-57</td><td>-3</td></tr><tr><td>Operating earnings</td><td>$629</td><td>$530</td><td>$99</td><td>19%</td></tr></table>
<table><tr><td></td><td colspan="2">Years Ended December 31,</td></tr><tr><td></td><td>2014</td><td>2013</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>Total net revenues</td><td>$12,268</td><td>$11,199</td></tr><tr><td>Less: Revenue attributable to CIEs</td><td>651</td><td>345</td></tr><tr><td>Less: Net realized gains</td><td>37</td><td>7</td></tr><tr><td>Less: Market impact on indexed universal life benefits</td><td>-11</td><td>-10</td></tr><tr><td>Operating total net revenues</td><td>$11,591</td><td>$10,857</td></tr></table>
<table><tr><td>Contractual obligations byperiod as of June 30, 2011</td><td>Less than1 year</td><td>1-3 years</td><td>3-5 years</td><td>More than5 years</td><td>TOTAL</td></tr><tr><td>Operating lease obligations</td><td>$ 7,185</td><td>$ 10,511</td><td>$ 7,004</td><td>$ 1,487</td><td>$ 26,187</td></tr><tr><td>Capital lease obligations</td><td>3,016</td><td>-</td><td>-</td><td>-</td><td>3,016</td></tr><tr><td>Notes payable, includingaccrued interest</td><td>23,087</td><td>45,431</td><td>82,508</td><td>-</td><td>151,026</td></tr><tr><td>Purchase obligations</td><td>10,700</td><td>-</td><td>-</td><td>-</td><td>10,700</td></tr><tr><td>Total</td><td>$ 43,988</td><td>$ 55,942</td><td>$ 89,512</td><td>$1,487</td><td>$ 190,929</td></tr></table>
<table><tr><td></td><td colspan="10">December 31</td></tr><tr><td></td><td colspan="2">2014</td><td colspan="2">2013</td><td colspan="2">2012</td><td colspan="2">2011</td><td colspan="2">2010</td></tr><tr><td>(Dollars in millions)</td><td>Amount</td><td>Percentof Total</td><td>Amount</td><td>Percentof Total</td><td>Amount</td><td>Percentof Total</td><td>Amount</td><td>Percentof Total</td><td>Amount</td><td>Percentof Total</td></tr><tr><td>Allowance for loan and lease losses</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>$2,900</td><td>20.11%</td><td>$4,084</td><td>23.43%</td><td>$7,088</td><td>29.31%</td><td>$7,985</td><td>23.64%</td><td>$6,365</td><td>15.20%</td></tr><tr><td>Home equity</td><td>3,035</td><td>21.05</td><td>4,434</td><td>25.44</td><td>7,845</td><td>32.45</td><td>13,094</td><td>38.76</td><td>12,887</td><td>30.77</td></tr><tr><td>U.S. credit card</td><td>3,320</td><td>23.03</td><td>3,930</td><td>22.55</td><td>4,718</td><td>19.51</td><td>6,322</td><td>18.71</td><td>10,876</td><td>25.97</td></tr><tr><td>Non-U.S. credit card</td><td>369</td><td>2.56</td><td>459</td><td>2.63</td><td>600</td><td>2.48</td><td>946</td><td>2.80</td><td>2,045</td><td>4.88</td></tr><tr><td>Direct/Indirect consumer</td><td>299</td><td>2.07</td><td>417</td><td>2.39</td><td>718</td><td>2.97</td><td>1,153</td><td>3.41</td><td>2,381</td><td>5.68</td></tr><tr><td>Other consumer</td><td>59</td><td>0.41</td><td>99</td><td>0.58</td><td>104</td><td>0.43</td><td>148</td><td>0.44</td><td>161</td><td>0.38</td></tr><tr><td>Total consumer</td><td>9,982</td><td>69.23</td><td>13,423</td><td>77.02</td><td>21,073</td><td>87.15</td><td>29,648</td><td>87.76</td><td>34,715</td><td>82.88</td></tr><tr><td>U.S. commercial<sup>-1</sup></td><td>2,619</td><td>18.16</td><td>2,394</td><td>13.74</td><td>1,885</td><td>7.80</td><td>2,441</td><td>7.23</td><td>3,576</td><td>8.54</td></tr><tr><td>Commercial real estate</td><td>1,016</td><td>7.05</td><td>917</td><td>5.26</td><td>846</td><td>3.50</td><td>1,349</td><td>3.99</td><td>3,137</td><td>7.49</td></tr><tr><td>Commercial lease financing</td><td>153</td><td>1.06</td><td>118</td><td>0.68</td><td>78</td><td>0.32</td><td>92</td><td>0.27</td><td>126</td><td>0.30</td></tr><tr><td>Non-U.S. commercial</td><td>649</td><td>4.50</td><td>576</td><td>3.30</td><td>297</td><td>1.23</td><td>253</td><td>0.75</td><td>331</td><td>0.79</td></tr><tr><td>Total commercial<sup>-2</sup></td><td>4,437</td><td>30.77</td><td>4,005</td><td>22.98</td><td>3,106</td><td>12.85</td><td>4,135</td><td>12.24</td><td>7,170</td><td>17.12</td></tr><tr><td>Allowance for loan and lease losses<sup>-3</sup></td><td>14,419</td><td>100.00%</td><td>17,428</td><td>100.00%</td><td>24,179</td><td>100.00%</td><td>33,783</td><td>100.00%</td><td>41,885</td><td>100.00%</td></tr><tr><td>Reserve for unfunded lending commitments</td><td>528</td><td></td><td>484</td><td></td><td>513</td><td></td><td>714</td><td></td><td>1,188</td><td></td></tr><tr><td>Allowance for credit losses</td><td>$14,947</td><td></td><td>$17,912</td><td></td><td>$24,692</td><td></td><td>$34,497</td><td></td><td>$43,073</td><td></td></tr></table>

Question: What is the growing rate of Less: Revenue attributable to CIEs in the year with the most Management and financial advice fees for Revenues?
Answer: 0.88696
Reasoning program: subtract(651,345), divide(#0,345)