THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) 9.
Goodwill (continued) The annual goodwill assessment for the Mutual Funds and Consumer Markets reporting units and the Group Benefits reporting unit within Corporate was completed as of October 31, 2012, which resulted in no write-downs of goodwill for the year ended December 31, 2012.
The reporting units passed the first step of their annual impairment test with a significant margin with the exception of the Group Benefits reporting unit.
Group Benefits passed the first step of its annual impairment test with less than a 10% margin.
The fair value of the Group Benefits reporting unit is based on discounted cash flows using earnings projections on in force business and future business growth.
There could be a positive or negative impact on the result of step one in future periods if assumptions change about the level of economic capital, future business growth, earnings projections or the weighted average cost of capital.
Year ended December 31, 2011 During the second quarter of 2011, the Company wrote off the remaining $15 of goodwill associated with the Federal Trust Corporation (“FTC”) reporting unit within Corporate due to the announced divestiture of FTC.
The write-off of the FTC reporting unit goodwill was recorded as a loss on disposal within discontinued operations.
The Consumer Markets reporting unit completed its annual goodwill assessment on October 1, 2011 and again on October 31, 2011, which resulted in no impairment of goodwill.
In both tests, the Consumer Markets reporting unit passed the first step of the annual impairment tests with a significant margin.
The annual goodwill assessment for the Property & Casualty Commercial reporting unit that was performed on October 1, 2011 resulted in a write-down of goodwill of $30, pre-tax leaving no remaining goodwill.
The results of the discounted cash flow calculations indicated that the fair value of the reporting unit was less than the carrying value; this was due primarily to a decrease in future expected underwriting cash flows.
The decrease in future expected underwriting cash flows is driven by an expected reduction in written premium in the short term as the Company maintains pricing discipline in a downward market cycle, while retaining long term capabilities for future opportunities.
The Company completed its annual goodwill assessment for Mutual Funds, Individual Life, Retirement Plans and Group Benefits, including the goodwill within Corporate, on January 1, 2011 and October 31, 2011, which resulted in no impairment of goodwill.
In both tests, the reporting units passed the first step of their annual impairment tests with a significant margin with the exception of the Individual Life reporting unit at the January 1, 2011 test.
The Individual Life reporting unit had a margin of less than 10% between fair value and book value on January 1, 2011.
As of the October 31, 2011 impairment test, the Individual Life reporting unit had a fair value in excess of book value of approximately 15%, a modest improvement from January 1, 2011 results due to improving cost of capital.10.
Sales Inducements The Company offered enhanced crediting rates or bonus payments to contract holders on certain of its individual and group annuity products.
The expense associated with offering a bonus is deferred and amortized over the life of the related contract in a pattern consistent with the amortization of deferred policy acquisition costs.
Amortization expense associated with expenses previously deferred is recorded over the remaining life of the contract.
Consistent with the Unlock, the Company unlocks the amortization of the sales inducement asset.
For further information concerning the Unlock, see Note 8 - Deferred Policy Acquisition Costs and Present Value of Future Profits of Notes to Consolidated Financial Statements.
Changes in sales inducement activity are as follows:
## Table 0 ##
[1] Includes Unlock charge of $52 in the first quarter of 2013 related to elimination of future estimated gross profits on the Japan variable annuity block due to the increased costs associated with expanding Japan variable annuity hedging program.
[2] Represents accelerated amortization of $22 and $49 in the first quarter of 2013 recognized upon the sale of the Retirement Plans and Individual Life businesses, respectively.
For further information, see Note 2 - Business Dispositions of Notes to Consolidated Financial Statements.
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) 13.
Debt (continued)The Debentures are unsecured, subordinated and junior in right of payment and upon liquidation to all of the Company’s existing and future senior indebtedness.
In addition, the Debentures are effectively subordinated to all of the Company’s subsidiaries’ existing and future indebtedness and other liabilities, including obligations to policyholders.
The Debentures do not limit the Company’s or the Company’s subsidiaries’ ability to incur additional debt, including debt that ranks senior in right of payment and upon liquidation to the Debentures.
The Debentures rank equally in right of payment and upon liquidation with (i) any indebtedness the terms of which provide that such indebtedness ranks equally with the Debentures, including guarantees of such indebtedness, (ii) the Company’s existing 8.125% fixedto-floating rate junior subordinated debentures due 2068 (the “8.125% Debentures”), (iii) the Company’s Income Capital Obligation Notes due 2067, issuable pursuant to the Junior Subordinated Indenture, dated as of February 12, 2007, between the Company and Wilmington Trust Company (the “ICON securities”), (iv) our trade accounts payable, and (v) any of our indebtedness owed to a person who is our subsidiary or employee.
Long-Term Debt Maturities Long-term debt maturities (at par values), as of December 31, 2013 are summarized as follows:
## Table 1 ##
Shelf Registrations On August 9, 2013, the Company filed with the Securities and Exchange Commission (the “SEC”) an automatic shelf registration statement (Registration No.333-190506) for the potential offering and sale of debt and equity securities.
The registration statement allows for the following types of securities to be offered: debt securities, junior subordinated debt securities, preferred stock, common stock, depositary shares, warrants, stock purchase contracts, and stock purchase units.
In that The Hartford is a well-known seasoned issuer, as defined in Rule 405 under the Securities Act of 1933, the registration statement went effective immediately upon filing and The Hartford may offer and sell an unlimited amount of securities under the registration statement during the three-year life of the registration statement.
Contingent Capital Facility The Company is party to a put option agreement that provides The Hartford with the right to require the Glen Meadow ABC Trust, a Delaware statutory trust, at any time and from time to time, to purchase The Hartford’s junior subordinated notes in a maximum aggregate principal amount not to exceed $500.
Under the Put Option Agreement, The Hartford will pay the Glen Meadow ABC Trust premiums on a periodic basis, calculated with respect to the aggregate principal amount of notes that The Hartford had the right to put to the Glen Meadow ABC Trust for such period.
The Hartford has agreed to reimburse the Glen Meadow ABC Trust for certain fees and ordinary expenses.
The Company holds a variable interest in the Glen Meadow ABC Trust where the Company is not the primary beneficiary.
As a result, the Company did not consolidate the Glen Meadow ABC Trust.
As of December 31, 2013, The Hartford has not exercised its right to require Glen Meadow ABC Trust to purchase the notes.
As a result, the notes remain a source of capital for the HFSG Holding Company.
Revolving Credit Facilities The Company has a senior unsecured revolving credit facility (the "Credit Facility") that provides for borrowing capacity up to $1.75 billion (which is available in U. S.  dollars, and in Euro, Sterling, Canadian dollars and Japanese Yen) through January 6, 2016.
As of December 31, 2013, there were no borrowings outstanding under the Credit Facility.
Of the total availability under the Credit Facility, up to $250 is available to support letters of credit issued on behalf of the Company or subsidiaries of the Company.
Under the Credit Facility, the Company must maintain a minimum level of consolidated net worth of $14.9 billion.
The definition of consolidated net worth under the terms of the Credit Facility, excludes AOCI and includes the Company's outstanding junior subordinated debentures and, if any, perpetual preferred securities, net of discount.
In addition, the Company’s maximum ratio of consolidated total debt to consolidated total capitalization is limited to 35%, and the ratio of consolidated total debt of subsidiaries to consolidated total capitalization is limited to 10%.
As of December 31, 2013, the Company was in compliance with all financial covenants under the Credit Facility
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) 19.
Stock Compensation Plans (continued) Restricted Unit awards In 2010 and 2009, The Hartford issued restricted units as part of The Hartford’s 2005 Stock Plan.
Restricted stock unit awards under the plan have historically been settled in shares, but under this award will be settled in cash and are thus referred to as “Restricted Units”.
The economic value recipients will ultimately realize will be identical to the value that would have been realized if the awards had been settled in shares, i. e. , upon settlement, recipients will receive cash equal to The Hartford’s share price multiplied by the number of restricted units awarded.
Because Restricted Units will be settled in cash, the awards are remeasured at the end of each reporting period until settlement.
Awards granted in 2009 vested after a three year period.
Awards granted in 2010 include both graded and cliff vesting restricted units which vest over a three year period.
The graded vesting attribution method is used to recognize the expense of the award over the requisite service period.
For example, the graded vesting attribution method views one three-year grant with annual graded vesting as three separate sub-grants, each representing one third of the total number of awards granted.
The first sub-grant vests over one year, the second sub-grant vests over two years and the third sub-grant vests over three years.
There were no restricted units awarded for 2013 or 2012.
As of December 31, 2013 and 2012, 27 thousand and 832 thousand restricted units were outstanding, respectively.
Deferred Stock Unit Plan Effective July 31, 2009, the Compensation and Management Development Committee of the Board authorized The Hartford Deferred Stock Unit Plan (“Deferred Stock Unit Plan”), and, on October 22, 2009, it was amended.
The Deferred Stock Unit Plan provides for contractual rights to receive cash payments based on the value of a specified number of shares of stock.
The Deferred Stock Unit Plan provides for two award types, Deferred Units and Restricted Units.
Deferred Units are earned ratably over a year, based on the number of regular pay periods occurring during such year.
Deferred Units are credited to the participant's account on a quarterly basis based on the market price of the Company’s common stock on the date of grant and are fully vested at all times.
Deferred Units credited to employees prior to January 1, 2010 (other than senior executive officers hired on or after October 1, 2009) are not paid until after two years from their grant date.
Deferred Units credited on or after January 1, 2010 (and any credited to senior executive officers hired on or after October 1, 2009) are paid in three equal installments after the first, second and third anniversaries of their grant date.
Restricted Units are intended to be incentive compensation and, unlike Deferred Units, vest over time, generally three years, and are subject to forfeiture.
The Deferred Stock Unit Plan is structured consistent with the limitations and restrictions on employee compensation arrangements imposed by the Emergency Economic Stabilization Act of 2008 and the TARP Standards for Compensation and Corporate Governance Interim Final Rule issued by the U. S.  Department of Treasury on June 10, 2009.
There were no deferred stock units awarded in 2013 or 2012.
A summary of the status of the Company’s non-vested awards under the Deferred Stock Unit Plan as of December 31, 2013, is presented below:
## Table 2 ##
Subsidiary Stock Plan In 2013 The Hartford established a subsidiary stock-based compensation plan similar to The Hartford 2010 Incentive Stock Plan except that it awards non-public subsidiary stock as compensation.
The Company recognized stock-based compensation plans expense of $1 in the year ended December 31, 2013 for the subsidiary stock plan.
Upon employee vesting of subsidiary stock, the Company will recognize a noncontrolling equity interest.
Employees will be restricted from selling vested subsidiary stock to other than the Company and the Company will have discretion on the amount of stock to repurchase.
Therefore the subsidiary stock will be classified as equity because it is not mandatorily redeemable.
Investment Results Composition of Invested Assets
## Table 3 ##
[1] Primarily relates to derivative instruments.
[2] As of December 31, 2013 and 2012, approximately $19.7 billion and $27.1 billion, respectively, of equity securities, trading, support Japan variable annuities.
Those equity securities, trading, were invested in mutual funds, which, in turn, invested in the following asset classes as of December 31, 2013 and 2012, respectively: Japan equity 22% and 20%, Japan fixed income (primarily government securities) 15% and 15%, global equity 22% and 21%, global government bonds 40% and 43%, and cash and other 1% and 1%.
Total investments decreased since December 31, 2012, principally due to the sale of the Retirement Plans and Individual Life businesses resulting in the transfer of fixed maturities, AFS, fixed maturities, FVO, equity securities, AFS, mortgage loans, and policy loans with a total carrying value of $17.3 billion in January 2013.
In addition, the sale of the U. K.  variable annuity business, HLIL, in the fourth quarter of 2013 resulted in a decline in the carrying value of fixed maturities, AFS and equity securities, trading of $469 and $1.7 billion, respectively.
Refer to Note 2 - Business Dispositions of Notes to Consolidated Financial Statements for further discussion of these transactions.
The remaining decrease in total invested assets is primarily due to a decrease in equity securities, trading, fixed maturities, AFS, other investments, and short-term investments.
The decline in equity securities, trading was primarily due to variable annuity policy surrenders, the depreciation of the Japanese Yen as compared to the U. S.  dollar, partially offset by equity market gains.
The decrease in fixed maturities, AFS was due to a decline in valuations due to an increase in interest rates, a reduction in assets levels in Talcott Resolution associated with dollar rolls and repurchase agreements, and capital management actions, including debt repayments and share repurchases.
The decline in other investments was largely due to a decline in derivative market value primarily resulting from an increase in interest rates and the depreciation of the Japanese yen in comparison to the euro and U.
S dollar.
The decrease in shortterm investments is primarily attributable to a decline in derivative collateral held due to decreases in derivative market values.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="3">For the years ended December 31,</td></tr><tr><td></td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Balance, beginning of period</td><td>$325</td><td>$434</td><td>$459</td></tr><tr><td>Sales inducements deferred</td><td>—</td><td>7</td><td>20</td></tr><tr><td>Amortization — Unlock charge [1]</td><td>-72</td><td>-82</td><td>-28</td></tr><tr><td>Amortization charged to income</td><td>-33</td><td>-34</td><td>-17</td></tr><tr><td>Amortization charged to business dispositions [2]</td><td>-71</td><td>—</td><td>—</td></tr><tr><td>Balance, end of period</td><td>$149</td><td>$325</td><td>$434</td></tr></table>
<table><tr><td>2014</td><td>$200</td></tr><tr><td>2015</td><td>456</td></tr><tr><td>2016</td><td>275</td></tr><tr><td>2017</td><td>711</td></tr><tr><td>2018</td><td>320</td></tr><tr><td>Thereafter</td><td>4,438</td></tr></table>
<table><tr><td>Non-vested Units</td><td>Restricted Units (in thousands)</td><td>Weighted-Average Grant-Date Fair Value</td></tr><tr><td>Non-vested at beginning of year</td><td>309</td><td>25.08</td></tr><tr><td>Granted</td><td>—</td><td>—</td></tr><tr><td>Vested</td><td>-306</td><td>25.04</td></tr><tr><td>Forfeited</td><td>-3</td><td>28.99</td></tr><tr><td>Non-vested at end of year</td><td>—</td><td>$—</td></tr></table>
<table><tr><td></td><td colspan="2">December 31, 2013</td><td colspan="2">December 31, 2012</td></tr><tr><td></td><td>Amount</td><td>Percent</td><td>Amount</td><td>Percent</td></tr><tr><td>Fixed maturities, available-for-sale ("AFS"), at fair value</td><td>$62,357</td><td>79.2%</td><td>$85,922</td><td>81.6%</td></tr><tr><td>Fixed maturities, at fair value using the fair value option ("FVO")</td><td>844</td><td>1.1%</td><td>1,087</td><td>1.0%</td></tr><tr><td>Equity securities, AFS, at fair value</td><td>868</td><td>1.1%</td><td>890</td><td>0.8%</td></tr><tr><td>Mortgage loans</td><td>5,598</td><td>7.1%</td><td>6,711</td><td>6.4%</td></tr><tr><td>Policy loans, at outstanding balance</td><td>1,420</td><td>1.8%</td><td>1,997</td><td>1.9%</td></tr><tr><td>Limited partnerships and other alternative investments</td><td>3,040</td><td>3.9%</td><td>3,015</td><td>2.9%</td></tr><tr><td>Other investments [1]</td><td>521</td><td>0.7%</td><td>1,114</td><td>1.1%</td></tr><tr><td>Short-term investments</td><td>4,008</td><td>5.1%</td><td>4,581</td><td>4.3%</td></tr><tr><td>Total investments excluding equity securities, trading</td><td>78,656</td><td>100%</td><td>105,317</td><td>100%</td></tr><tr><td>Equity securities, trading, at fair value [2]</td><td>19,745</td><td></td><td>28,933</td><td></td></tr><tr><td>Total investments</td><td>$98,401</td><td></td><td>$134,250</td><td></td></tr></table>

Question: What is the growing rate of Limited partnerships and other alternative investments in the years with the least Policy loans, at outstanding balance?
Answer: 0.00822
Reasoning program: subtract(3040,3015), divide(#0,3040)