CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS):
## Table 0 ##
## Table 1 ##
CONSOLIDATED STATEMENT OF CASH FLOWS:
The following table presents a reconciliation of beginning and ending reserve balances for the periods indicated on a GAAP basis:
## Table 2 ##
Incurred prior years’ reserves decreased by $295.3 million, $65.0 million and $39.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.
The decrease for 2016 was attributable to favorable development in the reinsurance segments of $468.7 million related primarily to property and short-tail business in the U. S. , property business in Canada, Latin America, Middle East and Africa, as well as favorable development on prior year catastrophe losses, partially offset by $53.9 million of adverse development on A&E reserves.
Part of the favorable development in the reinsurance segments related to the 2015 loss from the explosion at the Chinese port of Tianjin.
In 2015, this loss was originally estimated to be $60.0 million.
At December 31, 2016, this loss was projected to be $16.7 million resulting in $43.3 million of favorable development in 2016.
The net favorable development in the reinsurance segments was partially offset by $173.4 million of unfavorable development in the insurance segment primarily related to run-off construction liability and umbrella program business.
The decrease for 2015 was attributable to favorable development in the reinsurance segments of $217.2 million related to treaty casualty and treaty property reserves, partially offset by $152.1 million of unfavorable development in the insurance segment primarily related to umbrella program and construction liability business.
The decrease for 2014 was attributable to favorable development in the reinsurance segments of $202.4 million related to treaty casualty, treaty property and catastrophe reserves, partially offset by $137.8 million development on A&E reserves and $25.0 million of unfavorable development in the insurance segment primarily related to umbrella program and construction liability business.
Since the Company has operations in many countries, part of the Company’s loss and LAE reserves are in foreign currencies and translated to U. S.  dollars for each reporting period.
Fluctuations in the exchange rates for the currencies, period over period, affect the U. S.  dollar amount of outstanding reserves.
The translation adjustment line at the bottom of the table eliminates the impact of the exchange fluctuations from the reserve re-estimates.
The Company’s loss reserving methodologies continuously monitor the emergence of loss and loss development trends, seeking, on a timely basis, to both adjust reserves for the impact of trend shifts and to factor the impact of such shifts into the Company’s underwriting and pricing on a prospective basis.
Reserves for Asbestos and Environmental Losses and LAE.
At December 31, 2016, the Company’s gross reserves for A&E claims represented 4.3% of its total reserves.
The Company’s A&E liabilities stem from Mt.
McKinley’s direct insurance business and Everest Re’s assumed reinsurance business.
Liabilities related to Mt.
McKinley’s direct business, which had been ceded to Bermuda Re previously, were retroceded to an affiliate of Clearwater Insurance Company in July 2015, concurrent with the sale of Mt.
McKinley to Clearwater Insurance Company.
There are significant uncertainties in estimating the amount of the Company’s potential losses from A&E claims and ultimate values cannot be estimated using traditional reserving techniques.
See ITEM 7, “Management’s Discussion
Other expense, net increased $0.8 million to $7.2 million in 2015 from $6.4 million in 2014.
This increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015.
Provision for income taxes increased $19.9 million to $154.1 million in 2015 from $134.2 million in 2014.
Our effective tax rate was 39.9% in 2015 compared to 39.2% in 2014.
Our effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our Connected Fitness acquisitions in 2015.
Year Ended December 31, 2014 Compared to Year Ended December 31, 2013 Net revenues increased $752.3 million, or 32.3%, to $3,084.4 million in 2014 from $2,332.1 million in 2013.
Net revenues by product category are summarized below:

Tables referenced above, in order (Table 0 first):
<table><tr><td>CONSOLIDATED STATEMENTS OF OPERATIONS</td><td colspan="3">Twelve Months Ended December 31, 2015</td><td colspan="3">Twelve Months Ended December 31, 2014</td></tr><tr><td>AND COMPREHENSIVE INCOME (LOSS):</td><td></td><td rowspan="2">Effect of adoption of new accounting policy</td><td></td><td></td><td rowspan="2">Effect of adoption of new accounting policy</td><td></td></tr><tr><td></td><td>As previously reported</td><td>As adopted</td><td>As previously reported</td><td>As adopted</td></tr><tr><td>(Dollars in thousands)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>REVENUES:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Premiums earned</td><td>$5,481,459</td><td>$-188,617</td><td>$5,292,842</td><td>$5,169,135</td><td>$-125,428</td><td>$5,043,707</td></tr><tr><td>Net investment income</td><td>473,825</td><td>-352</td><td>473,473</td><td>530,570</td><td>-85</td><td>530,485</td></tr><tr><td>Other income (expense)</td><td>60,435</td><td>27,845</td><td>88,280</td><td>18,437</td><td>13,871</td><td>32,308</td></tr><tr><td>Total revenues</td><td>5,837,889</td><td>-161,124</td><td>5,676,765</td><td>5,790,589</td><td>-111,642</td><td>5,678,947</td></tr><tr><td>CLAIMS AND EXPENSES:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Incurred losses and loss adjustment expenses</td><td>3,101,915</td><td>-37,200</td><td>3,064,715</td><td>2,906,534</td><td>-30,598</td><td>2,875,936</td></tr><tr><td>Commission, brokerage, taxes and fees</td><td>1,202,036</td><td>-18,390</td><td>1,183,646</td><td>1,135,586</td><td>-14,441</td><td>1,121,145</td></tr><tr><td>Other underwriting expenses</td><td>265,984</td><td>-8,915</td><td>257,069</td><td>240,400</td><td>-7,296</td><td>233,104</td></tr><tr><td>Total claims and expenses</td><td>4,629,380</td><td>-64,505</td><td>4,564,875</td><td>4,344,474</td><td>-52,335</td><td>4,292,139</td></tr><tr><td>INCOME (LOSS) BEFORE TAXES</td><td>1,208,509</td><td>-96,619</td><td>1,111,890</td><td>1,446,115</td><td>-59,307</td><td>1,386,808</td></tr><tr><td>NET INCOME (LOSS)</td><td>1,074,488</td><td>-96,619</td><td>977,869</td><td>1,258,463</td><td>-59,307</td><td>1,199,156</td></tr><tr><td>Net income (loss) attributable to noncontrolling interests</td><td>-96,619</td><td>96,619</td><td>-</td><td>-59,307</td><td>59,307</td><td>-</td></tr><tr><td>NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP</td><td>977,869</td><td>-977,869</td><td>-</td><td>1,199,156</td><td>-1,199,156</td><td>-</td></tr></table>
<table><tr><td>CONSOLIDATED STATEMENT OF CASH FLOWS:</td><td colspan="3">Twelve Months Ended December 31, 2015</td><td colspan="3">Twelve Months Ended December 31, 2014</td></tr><tr><td>(Dollars in thousands)</td><td>As previously reported</td><td>Effect of adoption of new accounting policy</td><td>As adopted</td><td>As previously reported</td><td>Effect of adoption of new accounting policy</td><td>As adopted</td></tr><tr><td>CASH FLOWS FROM OPERATING ACTIVITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income (loss)</td><td>$1,074,488</td><td>$-96,619</td><td>$977,869</td><td>$1,258,463</td><td>$-59,307</td><td>$1,199,156</td></tr><tr><td>Decrease (increase) in premiums receivable</td><td>-93,837</td><td>-4,374</td><td>-98,211</td><td>45,282</td><td>3,089</td><td>48,371</td></tr><tr><td>Decrease (increase) in funds held by reinsureds, net</td><td>31,225</td><td>-75,000</td><td>-43,775</td><td>-1,835</td><td>-</td><td>-1,835</td></tr><tr><td>Decrease (increase) in reinsurance receivables</td><td>-240,414</td><td>-24,689</td><td>-265,103</td><td>-186,014</td><td>-24,634</td><td>-210,648</td></tr><tr><td>Decrease (increase) in prepaid reinsurance premiums</td><td>-14,486</td><td>-7,333</td><td>-21,819</td><td>-79,086</td><td>956</td><td>-78,130</td></tr><tr><td>Increase (decrease) in other net payable to reinsurers</td><td>38,262</td><td>5,465</td><td>43,727</td><td>29,410</td><td>-1,102</td><td>28,308</td></tr><tr><td>Change in other assets and liabilities, net</td><td>264</td><td>-9,198</td><td>-8,934</td><td>35,419</td><td>-178,054</td><td>-142,635</td></tr><tr><td>Net cash provided by (used in) operating activities</td><td>1,308,382</td><td>-211,748</td><td>1,096,634</td><td>1,313,821</td><td>-259,059</td><td>1,054,762</td></tr><tr><td>CASH FLOWS FROM INVESTING ACTIVITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net change in short-term investments</td><td>-98,903</td><td>440,636</td><td>341,733</td><td>-497,983</td><td>421,500</td><td>-76,483</td></tr><tr><td>Net cash provided by (used in) investing activities</td><td>-1,121,737</td><td>440,636</td><td>-681,101</td><td>-1,180,072</td><td>421,500</td><td>-758,572</td></tr><tr><td>CASH FLOWS FROM FINANCING ACTIVITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Third party investment in redeemable noncontrolling interest</td><td>266,848</td><td>-266,848</td><td>-</td><td>136,200</td><td>-136,200</td><td>-</td></tr><tr><td>Subscription advances for third party redeemable noncontrolling interest</td><td>30,000</td><td>-30,000</td><td>-</td><td>40,000</td><td>-40,000</td><td>-</td></tr><tr><td>Dividends paid on third party investment in redeemable noncontrolling interest</td><td>-68,158</td><td>68,158</td><td>-</td><td>-10,334</td><td>10,334</td><td>-</td></tr><tr><td>Net cash provided by (used in) financing activities</td><td>-332,879</td><td>-228,690</td><td>-561,569</td><td>-312,232</td><td>-165,866</td><td>-478,098</td></tr><tr><td>EFFECT OF EXCHANGE RATE CHANGES ON CASH</td><td>-7,582</td><td>-198</td><td>-7,780</td><td>4,575</td><td>3,425</td><td>8,000</td></tr></table>
<table><tr><td></td><td colspan="3">Years Ended December 31,</td></tr><tr><td>(Dollars in millions)</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>Gross reserves at beginning of period</td><td>$9,951.8</td><td>$9,720.8</td><td>$9,673.2</td></tr><tr><td>Incurred related to:</td><td></td><td></td><td></td></tr><tr><td>Current year</td><td>3,434.9</td><td>3,129.7</td><td>2,915.6</td></tr><tr><td>Prior years</td><td>-295.3</td><td>-65.0</td><td>-39.7</td></tr><tr><td>Total incurred losses</td><td>3,139.6</td><td>3,064.7</td><td>2,875.9</td></tr><tr><td>Paid related to:</td><td></td><td></td><td></td></tr><tr><td>Current year</td><td>745.6</td><td>690.0</td><td>755.9</td></tr><tr><td>Prior years</td><td>2,043.0</td><td>2,180.1</td><td>2,088.8</td></tr><tr><td>Total paid losses</td><td>2,788.6</td><td>2,870.1</td><td>2,844.7</td></tr><tr><td>Foreign exchange/translation adjustment</td><td>-99.9</td><td>-190.0</td><td>-160.7</td></tr><tr><td>Change in reinsurance receivables on unpaid losses and LAE</td><td>109.4</td><td>226.4</td><td>176.9</td></tr><tr><td>Gross reserves at end of period</td><td>$10,312.3</td><td>$9,951.8</td><td>$9,720.8</td></tr><tr><td>(Some amounts may not reconcile due to rounding.)</td><td></td><td></td><td></td></tr></table>

Question: What is the difference between the greatest Premiums earned in As previously reported in 2015 and 2014?
Answer: 312324
Reasoning program: subtract(5481459,5169135)