current year highlights during the year ended december 31 , 2018 , overall sales increased compared to the year ended december 31 , 2017 primarily from improved sales in our ris business and in japan . positive net flows drove an increase in our investment portfolio and investment yields improved , however , interest credited rates were higher . a favorable change in net derivative gains ( losses ) was primarily the result of changes in foreign currency exchange rates and interest rates . while u.s. tax reform positively impacted net income in both 2018 and 2017 , the impact in 2017 was significantly larger . in addition , our annual actuarial assumption review negatively impacted results when compared to 2017. our results for 2017 included a loss from the operations of brighthouse that is reflected in discontinued operations . 67 the following represents segment level results and percentage contributions to total segment level adjusted earnings available to common shareholders for the year ended december 31 , 2018 : _ ( 1 ) excludes corporate & other adjusted loss available to common shareholders of $ 704 million . ( 2 ) consistent with gaap guidance for segment reporting , adjusted earnings is our gaap measure of segment performance . for additional information , see note 2 of the notes to the consolidated financial statements . 68 year ended december 31 , 2018 compared with the year ended december 31 , 2017 consolidated results - highlights net income ( loss ) available to metlife , inc. 's common shareholders up $ 1.1 billion : favorable change in net derivative gains ( losses ) of $ 1.4 billion ( $ 1.1 billion , net of income tax ) favorable change in results from divested businesses of $ 936 million ( $ 650 million , net of income tax ) included in continuing operations favorable change in income ( loss ) from discontinued operations , net of income tax , of $ 986 million net tax-related benefit in 2017 of $ 1.3 billion due to u.s. tax reform net unfavorable change from our annual actuarial assumption reviews of $ 395 million ( $ 297 million , net of income tax ) adjusted earnings available to common shareholders up $ 1.2 billion ( 1 ) see “ — results of operations — consolidated results ” and “ — non-gaap and other financial disclosures ” for reconciliations and definitions of non-gaap financial measures . consolidated results - adjusted earnings highlights adjusted earnings available to common shareholders up $ 1.2 billion : the primary drivers of the increase in adjusted earnings were higher net investment income due to a larger asset base and higher investment yields , the favorable impact of u.s. tax reform , other favorable tax items , favorable refinements to dac and certain insurance-related liabilities , lower expenses and favorable underwriting , partially offset by higher interest credited expenses and the net unfavorable change from our annual actuarial assumption review . our results for the year ended december 31 , 2018 included the following : a $ 349 million benefit from the irs audit settlement related to the tax treatment of a wholly-owned u.k. investment subsidiary of mlic , which was comprised of a $ 168 million tax benefit and a $ 181 million interest benefit favorable impact from u.s. tax reform of $ 179 million , which includes a $ 78 million charge related to a revision in the estimate from the enactment of this reform favorable reserve adjustment of $ 62 million , net of income tax , relating to certain variable annuity guarantees assumed from a former joint venture in japan a $ 37 million , net of income tax , favorable net insurance adjustment resulting from reserve and dac modeling improvements in our individual disability insurance business expenses associated with our previously announced unit cost initiative of $ 284 million , net of income tax a $ 63 million , net of income tax , charge due to a current period increase in our incurred but not reported ( “ ibnr ” ) life reserves , reflecting enhancements to our processes related to potential claims a $ 60 million , net of income tax , increase in litigation reserves unfavorable impact from our annual actuarial assumption review of $ 42 million , net of income tax our results for 2017 included the following : a tax charge of $ 298 million related to u.s. tax reform net tax-related charges of $ 139 million consisting of ( i ) a $ 180 million net tax charge related to the repatriation of approximately $ 3.0 billion of cash following the post-separation review of our capital needs , partially offset by a tax benefit associated with dividends from our non-u.s. operations , and ( ii ) a $ 41 million net tax-related benefit from the finalization of certain tax audits 69 expenses associated with our previously announced unit cost initiative of $ 102 million , net of income tax a $ 73 million , net of income tax , charge for expenses incurred related to a guaranty fund assessment for penn treaty network america insurance company ( “ penn treaty ” ) a $ 90 million , net of income tax , charge to increase certain ris policy reserves a favorable reserve adjustment of $ 55 million , net of income tax , resulting from modeling improvements in the reserving process for our life business a charge of $ 36 million , net of income tax , for lease impairments a benefit of $ 12 million , net of income tax , related to a refinement to prior period reinsurance receivables in australia for a more in-depth discussion of our consolidated results , see “ — results of operations — consolidated results , ” “ — results of operations — consolidated results — adjusted earnings ” and “ — results of operations — segment results and corporate & other . story_separator_special_tag we are able to limit or close certain products to new sales in order to manage exposures . business actions , such as shifting the sales focus to less interest rate sensitive products , can also mitigate this risk . in addition , the company is well diversified across product , distribution , and geography . certain of our businesses reported within our latin america , emea , and asia ( exclusive of our japan business ) segments are not significantly interest rate or market sensitive ; in particular , they have limited sensitivity to u.s. interest rates . the company 's primary exposure within these segments is insurance risk . we expect our non-u.s. businesses to grow faster than our u.s. businesses and , over time , to become a larger percentage of our total business . as a result of the foregoing , the company expects to be able to substantially mitigate the negative impact of a sustained low interest rate environment in the u.s. on the company 's profitability . based on a near to intermediate term analysis of a sustained lower interest rate environment in the u.s. , the company anticipates adjusted earnings will continue to increase , although at a slower growth rate . low interest rate scenario in formulating economic assumptions for its insurance contract assumptions , the company uses projections that it makes regarding interest rates . included in these assumptions is the projection that the 10-year treasury rate will rise from 2.69 % at december 31 , 2018 to 4.25 % in 8 years , by 2026 and remains level afterwards and that 10-year yields will reach 2.76 % , 2.84 % and 2.93 % by december 31 , 2019 , 2020 and 2021 , respectively . also included is the projection that the three-month libor rate will move from 2.81 % at december 31 , 2018 to 2.63 % , 2.41 % and 2.46 % by december 31 , 2019 , 2020 and 2021 , respectively . the low interest rate scenario reflects an assumed 100 basis point decline in all interest rate maturities compared to the base scenario from december 31 , 2018 through december 31 , 2021 ( the “ low interest rate scenario ” ) . the following summarizes the impact of the low interest rate scenario on our u.s. dollar and non-u.s. dollar denominated positions . in addition , we have included disclosure on the potential impact on 2019 , 2020 and 2021 net income using the same low interest rate scenario on the mark-to-market of derivative positions that do not qualify as accounting hedges . below is a summary of the rates we used for the low interest rate scenario versus our base scenario through 2021. these rates represent the most relevant short-term and long-term rates for our base scenario which uses libor as the benchmark rate . see “ risk factors — economic environment and capital risks — difficult economic conditions may adversely affect our business , results of operations and financial condition — interest rate risk ” for information regarding the potential change from libor to sofr . replace_table_token_6_th the low interest rate scenario assumes the three-month libor to be 1.81 % and the 10-year u.s. treasury rate to be 1.69 % at december 31 , 2018. we assume the low interest rate scenario to be 100 basis points lower than the base scenario until december 31 , 2021 for all interest rate maturities . in addition , in the low interest rate scenario , we assume credit spreads to remain constant from december 31 , 2018 through the end of 2021 as compared to our base scenario . further , we also include the impact of low interest rates on our pension and postretirement plan expenses . we allocate this impact across our segments and it is included in the segment discussion below . the discount rate used to value these plans is tied to high quality corporate bond yields . accordingly , an extended low interest rate environment will result in increased pension and other postretirement benefit liabilities . however , these liabilities are offset by corresponding returns on the fixed income portfolio of pension and other postretirement benefit plan assets resulting in an overall decrease in expense . 75 hypothetical impact to adjusted earnings based on the above assumptions , we estimate an unfavorable combined long-term and short-term interest rate impact on our consolidated adjusted earnings from the low interest rate scenario of approximately $ 15 million in 2019 , $ 140 million in 2020 and $ 265 million in 2021. under the low interest rate scenario , our long-term businesses are negatively impacted by the larger gap between new money yields and the yield on assets rolling off the portfolio . however , there are positive offsets under the low interest rate scenario as short-term rates are much lower than the base scenario rates and the yield curve steepens beyond 2018. for example , our securities lending business performs better than our base scenario because it is driven by the slope of the yield curve rather than by the level of interest rates . in addition , derivative income is higher primarily due to our receiver swaps where we receive a fixed rate and pay a floating rate . further , the favorable derivative impact under the low interest rate scenario will decrease in 2020 and 2021 compared to 2019. this is driven by higher rates on forward derivative positions protection that begin in 2020. hypothetical impact to our mark-to-market derivative positions in addition to its impact on adjusted earnings , we estimated the effect of the low interest rate scenario on the mark-to-market of our derivative positions that do not qualify as accounting hedges . we applied the low interest rate scenario to these derivatives and compared the impact to that from interest rates in our base scenario . we hold a significant position in long-duration receive-fixed interest rate

liquidity and capital sources in addition to the general description of liquidity and capital sources in “ — summary of the company 's primary sources and uses of liquidity and capital , ” the company 's primary sources of liquidity and capital are set forth below . see note 3 o f the notes to the consolidated financial statements for information regarding financing transactions related to the separation . global funding sources liquidity is provided by a variety of global funding sources , including funding agreements , credit and committed facilities and commercial paper . capital is provided by a variety of global funding sources , including short-term and long-term debt , the collateral financing arrangement , junior subordinated debt securities , preferred securities , equity securities and equity-linked securities . metlife , inc. maintains a shelf registration statement with the sec that permits the issuance of public debt , equity and hybrid securities . as a “ well-known seasoned issuer ” under sec rules , metlife , inc. 's shelf registration statement provides for automatic effectiveness upon filing and has no stated issuance capacity . the diversity of our global funding sources enhances our funding flexibility , limits dependence on any one market or source of funds and generally lowers the cost of funds . our primary global funding sources include : preferred stock in june 2018 , metlife , inc. issued 32,200 shares of 5.625 % non-cumulative preferred stock , series e ( the “ series e preferred stock ” ) with a $ 0.01 par value per share and a liquidation preference of $ 25,000 per share , for aggregate net proceeds of $ 780 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital sources in addition to the general description of liquidity and capital sources in “ — summary of the company 's primary sources and uses of liquidity and capital , ” the company 's primary sources of liquidity and capital are set forth below . see note 3 o f the notes to the consolidated financial statements for information regarding financing transactions related to the separation . global funding sources liquidity is provided by a variety of global funding sources , including funding agreements , credit and committed facilities and commercial paper . capital is provided by a variety of global funding sources , including short-term and long-term debt , the collateral financing arrangement , junior subordinated debt securities , preferred securities , equity securities and equity-linked securities . metlife , inc. maintains a shelf registration statement with the sec that permits the issuance of public debt , equity and hybrid securities . as a “ well-known seasoned issuer ” under sec rules , metlife , inc. 's shelf registration statement provides for automatic effectiveness upon filing and has no stated issuance capacity . the diversity of our global funding sources enhances our funding flexibility , limits dependence on any one market or source of funds and generally lowers the cost of funds . our primary global funding sources include : preferred stock in june 2018 , metlife , inc. issued 32,200 shares of 5.625 % non-cumulative preferred stock , series e ( the “ series e preferred stock ” ) with a $ 0.01 par value per share and a liquidation preference of $ 25,000 per share , for aggregate net proceeds of $ 780 million .
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 Suspicious Activity Report : current year highlights during the year ended december 31 , 2018 , overall sales increased compared to the year ended december 31 , 2017 primarily from improved sales in our ris business and in japan . positive net flows drove an increase in our investment portfolio and investment yields improved , however , interest credited rates were higher . a favorable change in net derivative gains ( losses ) was primarily the result of changes in foreign currency exchange rates and interest rates . while u.s. tax reform positively impacted net income in both 2018 and 2017 , the impact in 2017 was significantly larger . in addition , our annual actuarial assumption review negatively impacted results when compared to 2017. our results for 2017 included a loss from the operations of brighthouse that is reflected in discontinued operations . 67 the following represents segment level results and percentage contributions to total segment level adjusted earnings available to common shareholders for the year ended december 31 , 2018 : _ ( 1 ) excludes corporate & other adjusted loss available to common shareholders of $ 704 million . ( 2 ) consistent with gaap guidance for segment reporting , adjusted earnings is our gaap measure of segment performance . for additional information , see note 2 of the notes to the consolidated financial statements . 68 year ended december 31 , 2018 compared with the year ended december 31 , 2017 consolidated results - highlights net income ( loss ) available to metlife , inc. 's common shareholders up $ 1.1 billion : favorable change in net derivative gains ( losses ) of $ 1.4 billion ( $ 1.1 billion , net of income tax ) favorable change in results from divested businesses of $ 936 million ( $ 650 million , net of income tax ) included in continuing operations favorable change in income ( loss ) from discontinued operations , net of income tax , of $ 986 million net tax-related benefit in 2017 of $ 1.3 billion due to u.s. tax reform net unfavorable change from our annual actuarial assumption reviews of $ 395 million ( $ 297 million , net of income tax ) adjusted earnings available to common shareholders up $ 1.2 billion ( 1 ) see “ — results of operations — consolidated results ” and “ — non-gaap and other financial disclosures ” for reconciliations and definitions of non-gaap financial measures . consolidated results - adjusted earnings highlights adjusted earnings available to common shareholders up $ 1.2 billion : the primary drivers of the increase in adjusted earnings were higher net investment income due to a larger asset base and higher investment yields , the favorable impact of u.s. tax reform , other favorable tax items , favorable refinements to dac and certain insurance-related liabilities , lower expenses and favorable underwriting , partially offset by higher interest credited expenses and the net unfavorable change from our annual actuarial assumption review . our results for the year ended december 31 , 2018 included the following : a $ 349 million benefit from the irs audit settlement related to the tax treatment of a wholly-owned u.k. investment subsidiary of mlic , which was comprised of a $ 168 million tax benefit and a $ 181 million interest benefit favorable impact from u.s. tax reform of $ 179 million , which includes a $ 78 million charge related to a revision in the estimate from the enactment of this reform favorable reserve adjustment of $ 62 million , net of income tax , relating to certain variable annuity guarantees assumed from a former joint venture in japan a $ 37 million , net of income tax , favorable net insurance adjustment resulting from reserve and dac modeling improvements in our individual disability insurance business expenses associated with our previously announced unit cost initiative of $ 284 million , net of income tax a $ 63 million , net of income tax , charge due to a current period increase in our incurred but not reported ( “ ibnr ” ) life reserves , reflecting enhancements to our processes related to potential claims a $ 60 million , net of income tax , increase in litigation reserves unfavorable impact from our annual actuarial assumption review of $ 42 million , net of income tax our results for 2017 included the following : a tax charge of $ 298 million related to u.s. tax reform net tax-related charges of $ 139 million consisting of ( i ) a $ 180 million net tax charge related to the repatriation of approximately $ 3.0 billion of cash following the post-separation review of our capital needs , partially offset by a tax benefit associated with dividends from our non-u.s. operations , and ( ii ) a $ 41 million net tax-related benefit from the finalization of certain tax audits 69 expenses associated with our previously announced unit cost initiative of $ 102 million , net of income tax a $ 73 million , net of income tax , charge for expenses incurred related to a guaranty fund assessment for penn treaty network america insurance company ( “ penn treaty ” ) a $ 90 million , net of income tax , charge to increase certain ris policy reserves a favorable reserve adjustment of $ 55 million , net of income tax , resulting from modeling improvements in the reserving process for our life business a charge of $ 36 million , net of income tax , for lease impairments a benefit of $ 12 million , net of income tax , related to a refinement to prior period reinsurance receivables in australia for a more in-depth discussion of our consolidated results , see “ — results of operations — consolidated results , ” “ — results of operations — consolidated results — adjusted earnings ” and “ — results of operations — segment results and corporate & other . story_separator_special_tag we are able to limit or close certain products to new sales in order to manage exposures . business actions , such as shifting the sales focus to less interest rate sensitive products , can also mitigate this risk . in addition , the company is well diversified across product , distribution , and geography . certain of our businesses reported within our latin america , emea , and asia ( exclusive of our japan business ) segments are not significantly interest rate or market sensitive ; in particular , they have limited sensitivity to u.s. interest rates . the company 's primary exposure within these segments is insurance risk . we expect our non-u.s. businesses to grow faster than our u.s. businesses and , over time , to become a larger percentage of our total business . as a result of the foregoing , the company expects to be able to substantially mitigate the negative impact of a sustained low interest rate environment in the u.s. on the company 's profitability . based on a near to intermediate term analysis of a sustained lower interest rate environment in the u.s. , the company anticipates adjusted earnings will continue to increase , although at a slower growth rate . low interest rate scenario in formulating economic assumptions for its insurance contract assumptions , the company uses projections that it makes regarding interest rates . included in these assumptions is the projection that the 10-year treasury rate will rise from 2.69 % at december 31 , 2018 to 4.25 % in 8 years , by 2026 and remains level afterwards and that 10-year yields will reach 2.76 % , 2.84 % and 2.93 % by december 31 , 2019 , 2020 and 2021 , respectively . also included is the projection that the three-month libor rate will move from 2.81 % at december 31 , 2018 to 2.63 % , 2.41 % and 2.46 % by december 31 , 2019 , 2020 and 2021 , respectively . the low interest rate scenario reflects an assumed 100 basis point decline in all interest rate maturities compared to the base scenario from december 31 , 2018 through december 31 , 2021 ( the “ low interest rate scenario ” ) . the following summarizes the impact of the low interest rate scenario on our u.s. dollar and non-u.s. dollar denominated positions . in addition , we have included disclosure on the potential impact on 2019 , 2020 and 2021 net income using the same low interest rate scenario on the mark-to-market of derivative positions that do not qualify as accounting hedges . below is a summary of the rates we used for the low interest rate scenario versus our base scenario through 2021. these rates represent the most relevant short-term and long-term rates for our base scenario which uses libor as the benchmark rate . see “ risk factors — economic environment and capital risks — difficult economic conditions may adversely affect our business , results of operations and financial condition — interest rate risk ” for information regarding the potential change from libor to sofr . replace_table_token_6_th the low interest rate scenario assumes the three-month libor to be 1.81 % and the 10-year u.s. treasury rate to be 1.69 % at december 31 , 2018. we assume the low interest rate scenario to be 100 basis points lower than the base scenario until december 31 , 2021 for all interest rate maturities . in addition , in the low interest rate scenario , we assume credit spreads to remain constant from december 31 , 2018 through the end of 2021 as compared to our base scenario . further , we also include the impact of low interest rates on our pension and postretirement plan expenses . we allocate this impact across our segments and it is included in the segment discussion below . the discount rate used to value these plans is tied to high quality corporate bond yields . accordingly , an extended low interest rate environment will result in increased pension and other postretirement benefit liabilities . however , these liabilities are offset by corresponding returns on the fixed income portfolio of pension and other postretirement benefit plan assets resulting in an overall decrease in expense . 75 hypothetical impact to adjusted earnings based on the above assumptions , we estimate an unfavorable combined long-term and short-term interest rate impact on our consolidated adjusted earnings from the low interest rate scenario of approximately $ 15 million in 2019 , $ 140 million in 2020 and $ 265 million in 2021. under the low interest rate scenario , our long-term businesses are negatively impacted by the larger gap between new money yields and the yield on assets rolling off the portfolio . however , there are positive offsets under the low interest rate scenario as short-term rates are much lower than the base scenario rates and the yield curve steepens beyond 2018. for example , our securities lending business performs better than our base scenario because it is driven by the slope of the yield curve rather than by the level of interest rates . in addition , derivative income is higher primarily due to our receiver swaps where we receive a fixed rate and pay a floating rate . further , the favorable derivative impact under the low interest rate scenario will decrease in 2020 and 2021 compared to 2019. this is driven by higher rates on forward derivative positions protection that begin in 2020. hypothetical impact to our mark-to-market derivative positions in addition to its impact on adjusted earnings , we estimated the effect of the low interest rate scenario on the mark-to-market of our derivative positions that do not qualify as accounting hedges . we applied the low interest rate scenario to these derivatives and compared the impact to that from interest rates in our base scenario . we hold a significant position in long-duration receive-fixed interest rate

