a lump sum buyout cost of approximately $1.1 million.
Total rent expense under these leases, included in the accompanying consolidated statements of operations, was approximately $893,000, $856,000 and $823,000 for the fiscal years ended March 31, 2001, 2002 and 2003, respectively.
During the fiscal year ended March 31, 2000, the Company entered into 36-month operating leases totaling approximately $644,000 for the lease of office furniture.
These leases ended in fiscal year 2003 and at the Company’s option the furniture was purchased at its fair market value.
Rental expense recorded for these leases during the fiscal years ended March 31, 2001, 2002 and 2003 was approximately $215,000, $215,000 and $127,000 respectively.
During fiscal 2000, the Company entered into a 36-month capital lease for computer equipment and software for approximately $221,000.
This lease ended in fiscal year 2003 and at the Company’s option these assets were purchased at the stipulated buyout price.
Future minimum lease payments under all non-cancelable operating leases as of March 31, 2003 are approximately as follows (in thousands):
## Table 0 ##
From time to time, the Company is involved in legal and administrative proceedings and claims of various types.
While any litigation contains an element of uncertainty, management, in consultation with the Company’s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, will not have a material adverse effect on the Company.7.
Stock Option and Purchase Plans All stock options granted by the Company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant.
Outstanding stock options, if not exercised, expire 10 years from the date of grant.
The 1992 Combination Stock Option Plan (the Combination Plan), as amended, was adopted in September 1992 as a combination and restatement of the Company’s then outstanding Incentive Stock Option Plan and Nonqualified Plan.
A total of 2,670,859 options were awarded from the Combination Plan during its ten-year restatement term that ended on May 1, 2002.
As of March 31, 2003, 1,286,042 of these options remain outstanding and eligible for future exercise.
These options are held by Company employees and generally become exercisable ratably over five years.
The 1998 Equity Incentive Plan, (the Equity Incentive Plan), was adopted by the Company in August 1998.
The Equity Incentive Plan provides for grants of options to key employees, directors, advisors and consultants as either incentive stock options or nonqualified stock options as determined by the Company’s Board of Directors.
A maximum of 1,000,000 shares of common stock may be awarded under this plan.
Options granted under the Equity Incentive Plan are exercisable at such times and subject to such terms as the Board of Directors may specify at the time of each stock option grant.
Options outstanding under the Equity Incentive Plan have vesting periods of 3 to 5 years from the date of grant.
The 2000 Stock Incentive Plan, (the 2000 Plan), was adopted by the Company in August 2000.
The 2000 Plan provides for grants of options to key employees, directors, advisors and consultants to the Company or its subsidiaries as either incentive or nonqualified stock options as determined by the Company’s Board of Directors.
Up to 1,400,000 shares of common stock may be awarded under the 2000 Plan and are exercisable at such times and subject to such terms as the Board of Directors may specify at the time of each stock option grant.
Options outstanding under the 2000 Plan generally vested 4 years from the date of grant.
The Company has a nonqualified stock option plan for non-employee directors (the Directors’ Plan).
The Directors’ Plan, as amended, was adopted in July 1989 and provides for grants of options to purchase shares of the Company’s common stock to non-employee Directors of the Company.
Up to 400,000 shares of common stock may be awarded under the Directors’ Plan.
Options outstanding under the Directors’ Plan have vesting periods of 1 to 5 years from the date of grant.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) Net results decreased $356.6 million in 2005 as compared with 2004.
This decrease was attributable to declines in both net operating results and net realized investment gains.
See the Investments section of the MD&A for further discussion on net realized investment gains.
Net operating results decreased $238.9 million in 2005 as compared with 2004.
This decrease was due primarily to increased unfavorable net prior year development of $257.3 million after tax and minority interest including $168.8 million after tax and minority interest related to significant commutations in 2005, a $123.2 million after tax and minority interest increase in catastrophe losses, the decreased earned premium as discussed above and decreased current accident year results.
These unfavorable items were partially offset by a $271.1 million increase in net investment income and a decrease in the provision for insurance bad debt.
See the Investments section of the MD&A for further discussion on net investment income.
Unfavorable net prior year development of $452.0 million was recorded in 2005, including $559.0 million of unfavorable claim and allocated claim adjustment expense reserve development and $107.0 million of favorable premium development.
Unfavorable net prior year development of $18.0 million, including $115.0 million of unfavorable claim and allocated claim adjustment expense reserve development and $97.0 million of favorable premium development, was recorded in 2004.
Further information on Standard Lines Net Prior Year Development for 2005 and 2004 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.
During 2005 and 2004, CNA commuted several significant reinsurance contracts that resulted in unfavorable development of $285.0 million and $5.0 million, which is included in the development above, and which was partially offset by the release of previously established allowance for uncollectible reinsurance.
These commutations resulted in an unfavorable impact of $157.9 million after tax and minority interest and favorable impact of $3.7 million after tax and minority interest in 2005 and 2004.
These contracts contained interest crediting provisions.
The interest charges associated with the reinsurance contracts commuted was $38.3 million and $100.4 million, after tax and minority interest, in 2005 and 2004.
There will be no further interest crediting charges related to these commuted contracts in future periods.
The impact of catastrophes was $290.3 million and $167.0 million, after tax and minority interest, for 2005 and 2004.
These catastrophe impacts are net of anticipated reinsurance recoveries, and include the effect of reinstatement premiums and estimated insurance assessments.
The combined ratio increased 14.7 points in 2005 as compared with 2004.
The loss ratio increased 16.7 points in 2005 as compared with 2004.
These increases were primarily due to increased net prior year development, increased catastrophe losses and decreased current accident year results.
Catastrophe losses of $470.0 million and $260.0 million were recorded in 2005 and 2004.
The following table summarizes the gross and net carried reserves as of December 31, 2005 and 2004 for Standard Lines.
## Table 1 ##
The expense ratio decreased 2.2 points in 2005 as compared with 2004.
This decrease in 2005 was primarily due to a decrease in the provision for insurance bad debt.
Note 8.
Property, Plant and Equipment
## Table 2 ##
Depreciation and amortization expense, including amortization of intangibles, and capital expenditures, are as follows:
## Table 3 ##
In July of 2003, Loews Hotels sold a New York City property, the Metropolitan Hotel, for approximately $109.0 million.
The Company recorded a pretax gain of approximately $90.2 million ($56.7 million after taxes).
Note 9.
Claim and Claim Adjustment Expense Reserves CNA’s property and casualty insurance claim and claim adjustment expense reserves represent the estimated amounts necessary to settle all outstanding claims, including claims that are incurred but not reported (“IBNR”) as of the reporting date.
CNA’s reserve projections are based primarily on detailed analysis of the facts in each case, CNA’s experience with similar cases and various historical development patterns.
Consideration is given to such historical patterns as field reserving trends and claims settlement practices, loss payments, pending levels of unpaid claims and product mix, as well as court decisions, economic conditions and public attitudes.
All of these factors can affect the estimation of claim and claim adjustment expense reserves.
Establishing claim and claim adjustment expense reserves, including claim and claim adjustment expense reserves for catastrophic events that have occurred, is an estimation process.
Many factors can ultimately affect the final settlement of a claim and, therefore, the necessary reserve.
Changes in the law, results of litigation, medical costs, the cost of repair materials and labor rates can all affect ultimate claim costs.
In addition, time can be a critical part of reserving determinations since the longer the span between the incidence of a loss and the payment or settlement of the claim, the more variable the ultimate settlement amount can be.
Accordingly, short-tail claims, such as property damage claims, tend to be more reasonably estimable than long-tail claims, such as general liability and professional liability claims.
Adjustments to prior year reserve estimates, if necessary, are reflected in the results of operations in the period that the need for such adjustments is determined.
Catastrophes are an inherent risk of the property and casualty insurance business and have contributed to material period-to-period fluctuations in the Company’s results of operations and/or equity.
The level of catastrophe losses

<table><tr><td>Year ending March 31,</td><td>Operating Leases</td></tr><tr><td>2004</td><td>$781</td></tr><tr><td>2005</td><td>776</td></tr><tr><td>2006</td><td>776</td></tr><tr><td>2007</td><td>769</td></tr><tr><td>2008</td><td>772</td></tr><tr><td>Thereafter</td><td>1,480</td></tr><tr><td>Total future minimum lease payments</td><td>$5,354</td></tr></table>
<table><tr><td>December 31</td><td>2005</td><td>2004</td></tr><tr><td>(In millions)</td><td></td><td></td></tr><tr><td>Gross Case Reserves</td><td>$7,033.0</td><td>$6,904.0</td></tr><tr><td>Gross IBNR Reserves</td><td>8,051.0</td><td>7,398.0</td></tr><tr><td>Total Gross Carried Claim and Claim Adjustment Expense Reserves</td><td>$15,084.0</td><td>$14,302.0</td></tr><tr><td>Net Case Reserves</td><td>$5,165.0</td><td>$4,761.0</td></tr><tr><td>Net IBNR Reserves</td><td>6,081.0</td><td>4,547.0</td></tr><tr><td>Total Net Carried Claim and Claim Adjustment Expense Reserves</td><td>$11,246.0</td><td>$9,308.0</td></tr></table>
<table><tr><td>December 31</td><td>2005</td><td>2004</td></tr><tr><td>(In millions)</td><td></td><td></td></tr><tr><td>Land</td><td>$77.9</td><td>$77.9</td></tr><tr><td>Buildings and building equipment</td><td>609.6</td><td>629.1</td></tr><tr><td>Offshore drilling rigs and equipment</td><td>3,903.0</td><td>3,598.2</td></tr><tr><td>Machinery and equipment</td><td>1,268.0</td><td>1,180.9</td></tr><tr><td>Pipeline equipment</td><td>1,829.9</td><td>1,778.4</td></tr><tr><td>Leaseholds and leasehold improvements</td><td>66.3</td><td>74.9</td></tr><tr><td>Total</td><td>7,754.7</td><td>7,339.4</td></tr><tr><td>Less accumulated depreciation and amortization</td><td>2,803.1</td><td>2,498.7</td></tr><tr><td>Property, plant and equipment</td><td>$4,951.6</td><td>$4,840.7</td></tr></table>
<table><tr><td>Year Ended December 31</td><td colspan="2">2005</td><td colspan="2">2004</td><td colspan="2">2003</td></tr><tr><td></td><td>Depr. &Amort.</td><td>CapitalExpend.</td><td>Depr. &Amort.</td><td>CapitalExpend.</td><td>Depr. &Amort.</td><td>CapitalExpend.</td></tr><tr><td>(In millions)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CNA Financial</td><td>$41.7</td><td>$45.4</td><td>$61.1</td><td>$40.9</td><td>$62.5</td><td>$65.7</td></tr><tr><td>Lorillard</td><td>48.3</td><td>31.3</td><td>39.7</td><td>50.8</td><td>31.1</td><td>56.4</td></tr><tr><td>Loews Hotels</td><td>26.6</td><td>16.0</td><td>27.3</td><td>35.0</td><td>25.2</td><td>15.1</td></tr><tr><td>Diamond Offshore</td><td>190.1</td><td>297.5</td><td>184.9</td><td>93.7</td><td>181.3</td><td>272.0</td></tr><tr><td>Boardwalk Pipeline</td><td>72.1</td><td>84.5</td><td>34.0</td><td>41.2</td><td>20.5</td><td>34.7</td></tr><tr><td>Corporate and other</td><td>3.3</td><td>3.1</td><td>3.8</td><td>5.4</td><td>4.5</td><td>2.5</td></tr><tr><td>Total</td><td>$382.1</td><td>$477.8</td><td>$350.8</td><td>$267.0</td><td>$325.1</td><td>$446.4</td></tr></table>

Question: What is the total amount of Net Case Reserves of 2004, Machinery and equipment of 2005, and Gross IBNR Reserves of 2004 ?
Answer: 13427