MetLife, Inc.  Notes to Consolidated Financial Statements — (Continued) $4.3 billion, of which $1.6 billion is deductible for income tax purposes.
Further information on goodwill is described in Note 6.
See Note 5 for the VOBA acquired as part of the acquisition and Note 7 for the value of distribution agreements (“VODA”) and the value of customer relationships acquired (“VOCRA”).
As part of the integration of Travelers’ operations, management approved and initiated plans to reduce approximately 1,000 domestic and international Travelers positions, which was completed in December 2006.
MetLife initially recorded restructuring costs, including severance, relocation and outplacement services of Travelers’ employees, as liabilities assumed in the purchase business combination of $49 million.
For the years ended December 31, 2006 and 2005, the liability for restructuring costs was reduced by $4 million and $1 million, respectively, due to a reduction in the estimate of severance benefits to be paid to Travelers employees.
The restructuring costs associated with the Travelers acquisition were as follows:
## Table 0 ##
Other Acquisitions and Dispositions On June 28, 2007, the Company acquired the remaining 50% interest in a joint venture in Hong Kong, MetLife Fubon Limited (“MetLife Fubon”), for $56 million in cash, resulting in MetLife Fubon becoming a consolidated subsidiary of the Company.
The transaction was treated as a step acquisition, and at June 30, 2007, total assets and liabilities of MetLife Fubon of $839 million and $735 million, respectively, were included in the Company’s consolidated balance sheet.
The Company’s investment for the initial 50% interest in MetLife Fubon was $48 million.
The Company used the equity method of accounting for such investment in MetLife Fubon.
The Company’s share of the joint venture’s results for the six months ended June 30, 2007, was a loss of $3 million.
The fair value of the assets acquired and the liabilities assumed in the step acquisition at June 30, 2007, was $427 million and $371 million, respectively.
No additional goodwill was recorded as a part of the step acquisition.
As a result of this acquisition, additional VOBA and VODA of $45 million and $5 million, respectively, were recorded and both have a weighted average amortization period of 16 years.
Further information on VOBA and VODA is described in Note 5 and Note 7, respectively.
On June 1, 2007, the Company completed the sale of its Bermuda insurance subsidiary, MetLife International Insurance, Ltd.  (“MLII”), to a third party for $33 million in cash consideration, resulting in a gain upon disposal of $3 million, net of income tax.
The net assets of MLII at disposal were $27 million.
A liability of $1 million was recorded with respect to a guarantee provided in connection with this disposition.
Further information on guarantees is described in Note 16.
On September 1, 2005, the Company completed the acquisition of CitiStreet Associates, a division of CitiStreet LLC, which is primarily involved in the distribution of annuity products and retirement plans to the education, healthcare, and not-for-profit markets, for $56 million, of which $2 million was allocated to goodwill and $54 million to other identifiable intangibles, specifically the value of customer relationships acquired, which have a weighted average amortization period of 16 years.
CitiStreet Associates was integrated with MetLife Resources, a focused distribution channel of MetLife, which is dedicated to provide retirement plans and financial services to the same markets.
Further information on goodwill and VOCRA is described in Note 6 and Note 7, respectively.
See Note 23 for information on the disposition of the annuities and pension businesses of MetLife Insurance Limited (“MetLife Australia”), P. T.  Sejahtera (“MetLife Indonesia”) and SSRM Holdings, Inc.  (“SSRM”).
See Note 25 for information on the Company’s acquisitions subsequent to December 31, 2007.
investment income attributable to higher yields was primarily due to higher returns on fixed maturity securities, other limited partnership interests excluding hedge funds, equity securities and improved securities lending results, partially offset by lower returns on real estate joint ventures, cash, cash equivalents and short-term investments, hedge funds and mortgage loans.
Management anticipates that investment income and the related yields on other limited partnership interests may decline during 2008 due to increased volatility in the equity and credit markets during 2007.
Interest Margin Interest margin, which represents the difference between interest earned and interest credited to policyholder account balances increased in the Institutional and Individual segments for the year ended December 31, 2007 as compared to the prior year.
Interest earned approximates net investment income on investable assets attributed to the segment with minor adjustments related to the consolidation of certain separate accounts and other minor non-policyholder elements.
Interest credited is the amount attributed to insurance products, recorded in policyholder benefits and claims, and the amount credited to policyholder account balances for investment-type products, recorded in interest credited to policyholder account balances.
Interest credited on insurance products reflects the current year impact of the interest rate assumptions established at issuance or acquisition.
Interest credited to policyholder account balances is subject to contractual terms, including some minimum guarantees.
This tends to move gradually over time to reflect market interest rate movements and may reflect actions by management to respond to competitive pressures and, therefore, generally does not introduce volatility in expense.
Net Investment Gains (Losses) Net investment losses decreased by $644 million to a loss of $738 million for the year ended December 31, 2007 from a loss of $1,382 million for the comparable 2006 period.
The decrease in net investment losses was primarily due to a reduction of losses on fixed maturity securities resulting principally from the 2006 portfolio repositioning in a rising interest rate environment, increased gains from asset-based foreign currency transactions due to a decline in the U. S.  dollar year over year against several major currencies and increased gains on equity securities, partially offset by increased losses from the mark-to-market on derivatives and reduced gains on real estate and real estate joint ventures.
Underwriting Underwriting results are generally the difference between the portion of premium and fee income intended to cover mortality, morbidity or other insurance costs, less claims incurred, and the change in insurance-related liabilities.
Underwriting results are significantly influenced by mortality, morbidity or other insurance-related experience trends, as well as the reinsurance activity related to certain blocks of business.
Consequently, results can fluctuate from period to period.
Underwriting results, excluding catastrophes, in the Auto & Home segment were less favorable for the year ended December 31, 2007, as the combined ratio, excluding catastrophes, increased to 86.3% from 82.8% for the year ended December 31, 2006.
Underwriting results were favorable in the non-medical health & other, group life and retirement & savings businesses in the Institutional segment.
Underwriting results were unfavorable in the life products in the Individual segment.
Other Expenses Other expenses increased by $890 million, or 8%, to $11,673 million for the year ended December 31, 2007 from $10,783 million for the comparable 2006 period.
The following table provides the change from the prior year in other expenses by segment:
## Table 1 ##
The Individual segment contributed to the year over year increase in other expenses primarily due to higher DAC amortization, higher expenses associated with business growth, information technology and other general expenses, the impact of revisions to certain liabilities, including pension and postretirement liabilities and policyholder liabilities in the prior year, and a write-off of a receivable in the current year.
The International segment contributed to the year over year increase in other expenses primarily due to the business growth commensurate with the increase in revenues discussed above.
It was driven by the following factors: ?
Argentina’s other expenses increased primarily due to a liability for servicing obligations that was established as a result of pension reform, an increase in commissions on bancassurance business, an increase in retention incentives related to pension reform, and the impact of management’s update of DAC assumptions as a result of pension reform and growth, partially offset by a lower increase in liabilities due to inflation and exchange rate indexing.  ?
South Korea’s other expenses increased primarily due to the favorable impact in DAC amortization associated with the implementation of a more refined reserve valuation system in the prior year, additional expenses associated with growth and infrastructure initiatives, as well as business growth and higher bank insurance fees, partially offset by a decrease in DAC amortization.  ?
Mexico’s other expenses increased due to higher expenses related to business growth and the favorable impact in the prior year of liabilities that were reduced, offset by a decrease in DAC amortization resulting from management’s update of assumptions used to determine estimated gross profits in both the current and prior years and a decrease in liabilities based on a review of outstanding remittances.
The following table provides the change in income from continuing operations by segment, excluding Travelers, and certain transactions as mentioned above:
## Table 2 ##
The Institutional segment’s income from continuing operations decreased primarily due to an increase in net investment losses, a decline in interest margins, an increase in operating expenses, which included a charge associated with costs related to the sale of certain small market recordkeeping businesses, a charge associated with non-deferrable LTC commissions expense and a charge associated with costs related to a previously announced regulatory settlement, partially offset by the impact of integration costs in the prior year and favorable underwriting results.
The Individual segment’s income from continuing operations decreased as a result of an increase in net investment losses, a decline in interest margins, higher expenses and annuity benefits, as well as increases in interest credited to policyholder account balances and policyholder dividends.
These decreases were partially offset by increased fee income related to the growth in separate account products, favorable underwriting results in life products, lower DAC amortization and a decrease in the closed block-related policyholder dividend obligation.
Income from continuing operations in Corporate & Other decreased primarily due to higher investment losses, higher interest expense on debt, corporate support expenses, interest credited to bankholder deposits and legal-related costs, partially offset by an increase in tax benefits, an increase in net investment income, lower integration costs and an increase in other revenues.
The decrease in income from continuing operations in the International segment was primarily attributable to the following factors: ?
Taiwan had a decrease due to a loss recognition adjustment and a restructuring charge, partially offset by reserve refinements associated with the implementation of a new valuation system.  ?
Income from continuing operations decreased in Canada primarily due to the realignment of economic capital in the prior year.  ?
Income from continuing operations in Mexico decreased primarily due to an increase in amortization of DAC, higher operating expenses, the net impact of an adjustment to the liability for experience refunds on a block of business, a decrease in various onetime other revenue items in both periods, as well as an increase in income tax expense due to a tax benefit realized in the prior year.
These decreases in Mexico were partially offset by a decrease in certain policyholder liabilities caused by a decrease in unrealized investment gains on invested assets supporting those liabilities relative to the prior year, a decrease in policyholder benefits associated with a large group policy that was not renewed by the policyholder, a benefit in the current year from the release of liabilities for pending claims that were determined to be invalid following a review, and the unfavorable impact in the prior year of contingent liabilities.  ?
In addition, a decrease in Brazil was primarily due to an increase in policyholder benefits and claims related to an increase in future policyholder benefit liabilities on specific blocks of business and an increase in litigation liabilities, as well as adverse claim experience in the current year.  ?
The home office recorded higher infrastructure expenditures in support of segment growth, as well as a contingent tax liability.
This was offset by a reduction in the amount charged for economic capital.  ?
Results of the Company’s investment in Japan decreased primarily due to variability in the hedging program.  ?
In addition, expenses related to the Company’s start-up operations in Ireland reduced income from continuing operations.
A valuation allowance was established against the deferred tax benefit resulting from the Ireland losses.  ?
Partially offsetting these decreases in income from continuing operations were increases in Chile and the United Kingdom due to continued growth of the in-force business.  ?
In addition, an increase occurred in Australia due to reserve strengthening on a block of business in the prior year.  ?
South Korea’s income from continuing operations increased due to growth in the in-force business and the implementation of a more refined reserve valuation system.  ?
Argentina’s income from continuing operations increased due to higher net investment income resulting from capital contributions, the release of liabilities for pending claims that were determined to be invalid following a review, the favorable impact of foreign currency exchange rates and inflation rates on certain contingent liabilities, the utilization of net operating losses for which a valuation allowance had been previously established, and an increase in the prior year period of a deferred income tax valuation allowance, as well as business growth.
Changes in foreign currency exchange rates also contributed to the increase.
Partially offsetting the decreases in income from continuing operations was an increase in the Auto & Home segment primarily due to a loss in the third quarter of 2005 related to Hurricane Katrina, favorable development of prior year loss reserves, improvement in noncatastrophe loss experience and a reduction in loss adjustment expenses.
These increases were partially offset by higher catastrophe losses, excluding Hurricanes Katrina and Wilma, in the current year period, and decreases in net earned premiums, other revenues, and net investment income, as well as an increase in other expenses.
Income from continuing operations in the Reinsurance segment increased primarily due to added business in-force from facultative and automatic treaties and renewal premiums on existing blocks of business in the U. S.  and international operations, an increase in net investment income due to growth in the invested asset base and an increase in other revenues.
These items were partially offset by unfavorable mortality experience, an increase in liabilities associated with Reinsurance Group of America, Incorporated’s (“RGA”) Argentine
The following table presents the notional amount and current market or fair value of derivative financial instruments held at:
## Table 3 ##
The above table does not include notional amounts for equity futures, equity variance swaps, and equity options.
At December 31, 2007 and 2006, the Company owned 4,658 and 2,749 equity futures, respectively.
Fair values of equity futures are included in financial futures in the preceding table.
At December 31, 2007 and 2006, the Company owned 695,485 and 225,000 equity variance swaps, respectively.
Fair values of equity variance swaps are included in financial forwards in the preceding table.
At December 31, 2007 and 2006, the Company owned 77,374,937 and 74,864,483 equity options, respectively.
Fair values of equity options are included in options in the preceding table.
Credit Risk.
The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments.
Generally, the current credit exposure of the Company’s derivative contracts is limited to the fair value at the reporting date.
The credit exposure of the Company’s derivative transactions is represented by the fair value of contracts with a net positive fair value at the reporting date.
The Company manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination.
Because exchange traded futures are effected through regulated exchanges, and positions are marked to market on a daily basis, the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivative instruments.
The Company enters into various collateral arrangements, which require both the pledging and accepting of collateral in connection with its derivative instruments.
As of December 31, 2007 and 2006, the Company was obligated to return cash collateral under its control of $833 million and $428 million, respectively.
This unrestricted cash collateral is included in cash and cash equivalents and the obligation to return it is included in payables for collateral under securities loaned and other transactions in the consolidated balance sheets.
As of December 31, 2007 and 2006, the Company had also accepted collateral consisting of various securities with a fair market value of $678 million and $453 million, respectively, which are held in separate custodial accounts.
The Company is permitted by contract to sell or repledge this collateral, but as of December 31, 2007 and 2006, none of the collateral had been sold or repledged.
As of December 31, 2007 and 2006, the Company provided collateral of $162 million and $80 million, respectively, which is included in fixed maturity securities in the consolidated balance sheets.
In addition, the Company has exchange traded futures, which require the pledging of collateral.
As of December 31, 2007 and 2006, the Company pledged collateral of $167 million and $105 million, respectively, which is included in fixed maturity securities.
The counterparties are permitted by contract to sell or repledge this collateral.
Additionally, in October 2013, our board of directors declared a quarterly cash dividend of $0.40 per share of class A common stock (determined in the case of class B and C common stock, on an as-converted basis) payable on December 3, 2013, to holders of record as of November 15, 2013 of our class A, B and C common stock.
Subject to legally available funds, we expect to continue paying quarterly cash dividends on our outstanding class A, B and C common stock in the future.
However, the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors, including, but not limited to, our financial condition, settlement indemnifications, operating results, available cash and current and anticipated cash needs.
Issuer Purchases of Equity Securities The table below sets forth the information with respect to purchases of the Company’s common stock made by or on behalf of the Company during the quarter ended September 30, 2013.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2">Years Ended December 31,</td></tr><tr><td></td><td>2006</td><td>2005</td></tr><tr><td></td><td colspan="2">(In millions)</td></tr><tr><td>Balance at January 1,</td><td>$28</td><td>$—</td></tr><tr><td>Acquisition</td><td>—</td><td>49</td></tr><tr><td>Cash payments</td><td>-24</td><td>-20</td></tr><tr><td>Other reductions</td><td>-4</td><td>-1</td></tr><tr><td>Balance at December 31,</td><td>$—</td><td>$28</td></tr></table>
<table><tr><td></td><td></td><td>% of Total</td></tr><tr><td></td><td>$ Change (In millions)</td><td>$ Change</td></tr><tr><td>Individual</td><td>$512</td><td>57%</td></tr><tr><td>International</td><td>219</td><td>25</td></tr><tr><td>Institutional</td><td>124</td><td>14</td></tr><tr><td>Corporate & Other</td><td>51</td><td>6</td></tr><tr><td>Auto & Home</td><td>-15</td><td>-2</td></tr><tr><td>Reinsurance</td><td>-1</td><td>—</td></tr><tr><td>Total change</td><td>$890</td><td>100%</td></tr></table>
<table><tr><td></td><td></td><td>% of Total</td></tr><tr><td></td><td>$ Change (In millions)</td><td>$ Change</td></tr><tr><td>Institutional</td><td>$-319</td><td>-140%</td></tr><tr><td>Individual</td><td>-68</td><td>-30</td></tr><tr><td>International</td><td>-33</td><td>-15</td></tr><tr><td>Corporate & Other</td><td>-25</td><td>-11</td></tr><tr><td>Auto & Home</td><td>192</td><td>85</td></tr><tr><td>Reinsurance</td><td>26</td><td>11</td></tr><tr><td>Total change, net of income tax</td><td>$-227</td><td>-100%</td></tr></table>
<table><tr><td></td><td colspan="3"> December 31, 2007</td><td colspan="3"> December 31, 2006</td></tr><tr><td></td><td> Notional </td><td colspan="2"> Current Market   or Fair Value</td><td> Notional </td><td colspan="2"> Current Market   or Fair Value</td></tr><tr><td></td><td> Amount</td><td> Assets</td><td> Liabilities</td><td> Amount</td><td> Assets</td><td> Liabilities</td></tr><tr><td></td><td colspan="6"> (In millions)</td></tr><tr><td>Interest rate swaps</td><td>$62,519</td><td>$785</td><td>$768</td><td>$27,148</td><td>$639</td><td>$150</td></tr><tr><td>Interest rate floors</td><td>48,937</td><td>621</td><td>—</td><td>37,437</td><td>279</td><td>—</td></tr><tr><td>Interest rate caps</td><td>45,498</td><td>50</td><td>—</td><td>26,468</td><td>125</td><td>—</td></tr><tr><td>Financial futures</td><td>10,817</td><td>89</td><td>57</td><td>8,432</td><td>64</td><td>39</td></tr><tr><td>Foreign currency swaps</td><td>21,399</td><td>1,480</td><td>1,724</td><td>19,627</td><td>986</td><td>1,174</td></tr><tr><td>Foreign currency forwards</td><td>4,185</td><td>76</td><td>16</td><td>2,934</td><td>31</td><td>27</td></tr><tr><td>Options</td><td>2,043</td><td>713</td><td>1</td><td>587</td><td>306</td><td>8</td></tr><tr><td>Financial forwards</td><td>4,600</td><td>122</td><td>2</td><td>3,800</td><td>12</td><td>40</td></tr><tr><td>Credit default swaps</td><td>6,850</td><td>58</td><td>35</td><td>6,357</td><td>5</td><td>21</td></tr><tr><td>Synthetic GICs</td><td>3,670</td><td>—</td><td>—</td><td>3,739</td><td>—</td><td>—</td></tr><tr><td>Other</td><td>250</td><td>43</td><td>—</td><td>250</td><td>56</td><td>—</td></tr><tr><td>Total</td><td>$210,768</td><td>$4,037</td><td>$2,603</td><td>$136,779</td><td>$2,503</td><td>$1,459</td></tr></table>

Question: In the year with the most Interest rate swaps for Assets, what is the growth rate of Interest rate floors for Assets?
Answer: 1.22581
Reasoning program: subtract(621,279), divide(#0,279)