see discussion on gain on sale of subsidiary to joint venture . o net income for the year ended december 31 , 2015 includes a gain of $ 3.3 million , net of tax , on the sale of the infrastructure associated with the administration of substantially all of our individual life and annuity policies ceded during the third quarter . see discussion on other income . o the results for 2014 include credits to federal income taxes of $ 2.5 million as a result of the reduction in amic 's valuation allowance related to its net deferred tax asset at december 31 , 2014 ; · consolidated investment yield ( on an annualized basis ) of 2.8 % in 2015 compared to 3.3 % in 2014 ; and · book value of $ 18.73 per common share at december 31 , 2015 compared to $ 17.25 at december 31 , 2014. the following is a summary of key performance information by segment : · the medical stop-loss segment reported income before taxes of $ 23.1 million and $ 21.9 million for the years ended december 31 , 2015 and 2014 , respectively ; o premiums earned increased $ 32.8 million for the year ended december 31 , 2015 when compared to 2014. the increase in premiums earned is primarily due to increased volume of business produced by ihc risk solutions . o underwriting experience for the medical stop-loss segment , as indicated by its u.s. gaap combined ratios , is as follows for the years indicated ( in thousands ) : replace_table_token_6_th ( a ) loss ratio represents insurance benefits claims and reserves divided by premiums earned . ( b ) expense ratio represents net commissions , administrative fees , premium taxes and other underwriting expenses divided by premiums earned . ( c ) the combined ratio is equal to the sum of the loss ratio and the expenses ratio . o loss ratios increased primarily from the assumed lines of medical stop-loss business and from our affiliated owned mgu due to higher claims experience while expense ratios decreased due to lower commission expenses . · the fully insured health segment reported $ 6.5 million of income before taxes for the year ended december 31 , 2015 compared to losses before taxes of $ 2.0 million for the comparable period in 2014. the increase in profitability is largely due to lower loss ratios and lower combined ratios in 2015 primarily as a result of exiting the market for major medical health plans for individuals and families and small group major medical ( collectively major medical ) and a $ 0.5 million gain recorded upon the acquisition of a controlling interest in global accident facilities , llc ( gaf ) ; o for the year ended december 31 , 2015 , premiums earned in the fully insured health segment decreased by $ 47.0 million over the comparable period in 2014. a decrease in the premiums earned from major medical of $ 58.4 million is largely the result of the strategic decision to focus on specialty health products . the decrease in major medical premiums was partially offset by increases in the specialty health business as a result of new product launches and broader marketing of our short-term medical plans , and by growth in pet insurance and occupational accident lines of business ; o underwriting experience , as indicated by its u.s. gaap combined ratios , for the fully insured segment are as follows for the years indicated ( in thousands ) : replace_table_token_7_th o the lower loss ratios in 2015 are primarily attributable to the effects of exiting major medical . in 2014 , we began to adjust our mix of business from major medical to specialty health insurance lines of business and , as a result , loss ratios have improved although expense ratios associated with these types of products are somewhat higher . · income before taxes from the group disability , life and dbl segment in 2015 increased $ 3.6 million compared to prior year results . the increase is primarily the result of increased volume and retentions in the long term disability ( ltd ) line combined with lower loss ratios ; · losses before taxes from the individual life , annuities and other segment decreased $ 6.5 million for the year ended december 31 , 2015 primarily due to a $ 5.1 million pre-tax gain recorded in connection with the sale of infrastructure associated with the administration of substantially all of our individual life and annuity policies ceded during the third quarter of 2015 in addition to less amortization of deferred costs in correlation to the coinsurance and assumptions of certain ceded life and annuity policies ; · losses before tax from the corporate segment for the year ended december 31 , 2015 were comparable to the same period in 2014 ; and · premiums by principal product for the years indicated are as follows ( in thousands ) : replace_table_token_8_th replace_table_token_9_th information pertaining to the company 's business segments is provided in note 17 of notes to consolidated financial statements included in item 8. critical accounting policies the accounting and reporting policies of the company conform to u.s. gaap . the preparation of the consolidated financial statements in conformity with u.s. gaap requires the company 's management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes . actual results could differ from those estimates . a summary of the company 's significant accounting policies and practices is provided in note 1 of the notes to the consolidated financial statements included in item 8 of this report . management has identified the accounting policies described below as those that , due to the judgments , estimates and assumptions inherent in those policies , are critical to an understanding of the company 's consolidated financial statements and this management 's discussion and analysis . story_separator_special_tag all dac within a particular product type is amortized on the same basis using the following methods : for traditional life insurance and other premium paying policies , amortization of dac is charged to expense over the related premium revenue recognition period . assumptions used in the amortization of dac are determined based upon the conditions as of the date of policy issue or assumption and are not generally revised during the life of the policy . for long duration type contracts , such as annuities and universal life business , amortization of dac is charged to expense over the life of the underlying contracts based on the present value of the estimated gross profits ( `` egps `` ) expected to be realized over the life of the book of contracts . egps consist of margins based on expected mortality rates , persistency rates , interest rate spreads , and other revenues and expenses . the company regularly evaluates its egps to determine if actual experience or other evidence suggests that earlier estimates should be revised . if the company determines that the current assumptions underlying the egps are no longer the best estimate for the future due to changes in actual versus expected mortality rates , persistency rates , interest rate spreads , or other revenues and expenses , the future egps are updated using the new assumptions and prospective unlocking occurs . these updated egps are utilized for future amortization calculations . the total amortization recorded to date is adjusted through a current charge or credit to the consolidated statements of income . internal replacements of insurance and investment contracts determined to result in a replacement contract that is substantially changed from the original contract will be accounted for as an extinguishment of the original contract , resulting in a release of the unamortized deferred acquisition costs , unearned revenue , and deferral of sales inducements associated with the replaced contract . investments the company has classified all of its investments as either available-for-sale or trading securities . these investments are carried at fair value with unrealized gains and losses reported through other comprehensive income ( loss ) for available-for-sale securities or as unrealized gains or losses in the consolidated statements of income for trading securities . available-for-sale securities totaled $ 437.0 million and $ 597.8 million at december 31 , 2015 and 2014 , respectively . premiums and discounts on debt securities purchased at other than par value are amortized and accreted , respectively , to interest income in the consolidated statements of income , using the constant yield method over the period to maturity . net realized gains and losses on investments are computed using the specific identification method and are reported in the consolidated statements of income on the trade date . fair value is determined using quoted market prices when available . in some cases , we use quoted market prices for similar instruments in active markets and or model-derived valuations where inputs are observable in active markets . when there are limited or inactive trading markets , we use industry-standard pricing methodologies , including discounted cash flow models , whose inputs are based on management assumptions and available current market information . further , we retain independent pricing vendors to assist in valuing certain instruments . most of the securities in our portfolio are classified in either level 1 or level 2 of the fair value hierarchy . the company periodically reviews and assesses the vendor 's qualifications and the design and appropriateness of its pricing methodologies . management will on occasion challenge pricing information on certain individual securities and , through communications with the vendor , obtain information about the assumptions , inputs and methodologies used in pricing those securities , and corroborate it against documented pricing methodologies . validation procedures are in place to determine completeness and accuracy of pricing information , including , but not limited to : ( i ) review of exception reports that ( a ) identify any zero or un-priced securities ; ( b ) identify securities with no price change ; and ( c ) identify securities with significant price changes ; ( ii ) performance of trend analyses ; ( iii ) periodic comparison of pricing to alternative pricing sources ; and ( iv ) comparison of pricing changes to expectations based on rating changes , benchmarks or control groups . in certain circumstances , pricing is unavailable from the vendor and broker pricing information is used to determine fair value . in these instances , management will assess the quality of the data sources , the underlying assumptions and the reasonableness of the broker quotes based on the current market information available . to determine if an exception represents an error , management will often have to exercise judgment . procedures to resolve an exception vary depending on the significance of the security and its related class , the frequency of the exception , the risk of material misstatement , and the availability of information for the security . these procedures include , but are not limited to : ( i ) a price challenge process with the vendor ; ( ii ) pricing from a different vendor ; ( iii ) a reasonableness review ; and ( iv ) a change in price based on better information , such as an actual market trade , among other things . management considers all facts and relevant information obtained during the above procedures to determine the proper classification of each security in the fair value hierarchy . declines in value of securities available-for-sale that are judged to be other-than-temporary are determined based on the specific identification method . the company reviews its investment securities regularly and determines whether other-than-temporary impairments have occurred . the factors considered by management in its regular review to identify and recognize other-than-temporary impairment losses on fixed maturities include , but are not limited to : the length of

liquidity insurance group the insurance group normally provides cash flow from : ( i ) operations ; ( ii ) the receipt of scheduled principal payments on its portfolio of fixed maturities ; and ( iii ) earnings on investments . such cash flow is partially used to fund liabilities for insurance policy benefits . these liabilities represent long-term and short-term obligations . corporate corporate derives its funds principally from : ( i ) dividends from the insurance group ; ( ii ) management fees from its subsidiaries ; and ( iii ) investment income from corporate liquidity . regulatory constraints historically have not affected the company 's consolidated liquidity , although state insurance laws have provisions relating to the ability of the parent company to use cash generated by the insurance group . the insurance group declared and paid $ 10.6 million , $ 10.0 million and $ 12.0 million of cash dividends to corporate in 2015 , 2014 and 2013 , respectively . corporate utilizes cash primarily for the payment of general overhead expenses , common stock dividends , common stock repurchases and debt repayment . cash flows the company had $ 19.2 million and $ 25.1 million of cash and cash equivalents as of december 30 , 2015 and december 31 , 2014 , respectively . for year ended december 31 , 2015 , operating activities of the company utilized $ 164.7 million of cash , investment activities provided $ 168.3 million , and $ 9.5 million of cash was utilized for financing activities . the decrease in cash from operating activities , and the corresponding increase in cash from investing activities , primarily reflects the transfer of approximately $ 208.0 million of cash to an unaffiliated reinsurer during the third quarter of 2015 in connection with a reinsurance and sale transaction . investing activities also reflect $ 4.5 million of proceeds received from the deconsolidation of subsidiaries , net of the cash divested in the transactions .


 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 insurance group the insurance group normally provides cash flow from : ( i ) operations ; ( ii ) the receipt of scheduled principal payments on its portfolio of fixed maturities ; and ( iii ) earnings on investments . such cash flow is partially used to fund liabilities for insurance policy benefits . these liabilities represent long-term and short-term obligations . corporate corporate derives its funds principally from : ( i ) dividends from the insurance group ; ( ii ) management fees from its subsidiaries ; and ( iii ) investment income from corporate liquidity . regulatory constraints historically have not affected the company 's consolidated liquidity , although state insurance laws have provisions relating to the ability of the parent company to use cash generated by the insurance group . the insurance group declared and paid $ 10.6 million , $ 10.0 million and $ 12.0 million of cash dividends to corporate in 2015 , 2014 and 2013 , respectively . corporate utilizes cash primarily for the payment of general overhead expenses , common stock dividends , common stock repurchases and debt repayment . cash flows the company had $ 19.2 million and $ 25.1 million of cash and cash equivalents as of december 30 , 2015 and december 31 , 2014 , respectively . for year ended december 31 , 2015 , operating activities of the company utilized $ 164.7 million of cash , investment activities provided $ 168.3 million , and $ 9.5 million of cash was utilized for financing activities . the decrease in cash from operating activities , and the corresponding increase in cash from investing activities , primarily reflects the transfer of approximately $ 208.0 million of cash to an unaffiliated reinsurer during the third quarter of 2015 in connection with a reinsurance and sale transaction . investing activities also reflect $ 4.5 million of proceeds received from the deconsolidation of subsidiaries , net of the cash divested in the transactions .
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 Suspicious Activity Report : see discussion on gain on sale of subsidiary to joint venture . o net income for the year ended december 31 , 2015 includes a gain of $ 3.3 million , net of tax , on the sale of the infrastructure associated with the administration of substantially all of our individual life and annuity policies ceded during the third quarter . see discussion on other income . o the results for 2014 include credits to federal income taxes of $ 2.5 million as a result of the reduction in amic 's valuation allowance related to its net deferred tax asset at december 31 , 2014 ; · consolidated investment yield ( on an annualized basis ) of 2.8 % in 2015 compared to 3.3 % in 2014 ; and · book value of $ 18.73 per common share at december 31 , 2015 compared to $ 17.25 at december 31 , 2014. the following is a summary of key performance information by segment : · the medical stop-loss segment reported income before taxes of $ 23.1 million and $ 21.9 million for the years ended december 31 , 2015 and 2014 , respectively ; o premiums earned increased $ 32.8 million for the year ended december 31 , 2015 when compared to 2014. the increase in premiums earned is primarily due to increased volume of business produced by ihc risk solutions . o underwriting experience for the medical stop-loss segment , as indicated by its u.s. gaap combined ratios , is as follows for the years indicated ( in thousands ) : replace_table_token_6_th ( a ) loss ratio represents insurance benefits claims and reserves divided by premiums earned . ( b ) expense ratio represents net commissions , administrative fees , premium taxes and other underwriting expenses divided by premiums earned . ( c ) the combined ratio is equal to the sum of the loss ratio and the expenses ratio . o loss ratios increased primarily from the assumed lines of medical stop-loss business and from our affiliated owned mgu due to higher claims experience while expense ratios decreased due to lower commission expenses . · the fully insured health segment reported $ 6.5 million of income before taxes for the year ended december 31 , 2015 compared to losses before taxes of $ 2.0 million for the comparable period in 2014. the increase in profitability is largely due to lower loss ratios and lower combined ratios in 2015 primarily as a result of exiting the market for major medical health plans for individuals and families and small group major medical ( collectively major medical ) and a $ 0.5 million gain recorded upon the acquisition of a controlling interest in global accident facilities , llc ( gaf ) ; o for the year ended december 31 , 2015 , premiums earned in the fully insured health segment decreased by $ 47.0 million over the comparable period in 2014. a decrease in the premiums earned from major medical of $ 58.4 million is largely the result of the strategic decision to focus on specialty health products . the decrease in major medical premiums was partially offset by increases in the specialty health business as a result of new product launches and broader marketing of our short-term medical plans , and by growth in pet insurance and occupational accident lines of business ; o underwriting experience , as indicated by its u.s. gaap combined ratios , for the fully insured segment are as follows for the years indicated ( in thousands ) : replace_table_token_7_th o the lower loss ratios in 2015 are primarily attributable to the effects of exiting major medical . in 2014 , we began to adjust our mix of business from major medical to specialty health insurance lines of business and , as a result , loss ratios have improved although expense ratios associated with these types of products are somewhat higher . · income before taxes from the group disability , life and dbl segment in 2015 increased $ 3.6 million compared to prior year results . the increase is primarily the result of increased volume and retentions in the long term disability ( ltd ) line combined with lower loss ratios ; · losses before taxes from the individual life , annuities and other segment decreased $ 6.5 million for the year ended december 31 , 2015 primarily due to a $ 5.1 million pre-tax gain recorded in connection with the sale of infrastructure associated with the administration of substantially all of our individual life and annuity policies ceded during the third quarter of 2015 in addition to less amortization of deferred costs in correlation to the coinsurance and assumptions of certain ceded life and annuity policies ; · losses before tax from the corporate segment for the year ended december 31 , 2015 were comparable to the same period in 2014 ; and · premiums by principal product for the years indicated are as follows ( in thousands ) : replace_table_token_8_th replace_table_token_9_th information pertaining to the company 's business segments is provided in note 17 of notes to consolidated financial statements included in item 8. critical accounting policies the accounting and reporting policies of the company conform to u.s. gaap . the preparation of the consolidated financial statements in conformity with u.s. gaap requires the company 's management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes . actual results could differ from those estimates . a summary of the company 's significant accounting policies and practices is provided in note 1 of the notes to the consolidated financial statements included in item 8 of this report . management has identified the accounting policies described below as those that , due to the judgments , estimates and assumptions inherent in those policies , are critical to an understanding of the company 's consolidated financial statements and this management 's discussion and analysis . story_separator_special_tag all dac within a particular product type is amortized on the same basis using the following methods : for traditional life insurance and other premium paying policies , amortization of dac is charged to expense over the related premium revenue recognition period . assumptions used in the amortization of dac are determined based upon the conditions as of the date of policy issue or assumption and are not generally revised during the life of the policy . for long duration type contracts , such as annuities and universal life business , amortization of dac is charged to expense over the life of the underlying contracts based on the present value of the estimated gross profits ( `` egps `` ) expected to be realized over the life of the book of contracts . egps consist of margins based on expected mortality rates , persistency rates , interest rate spreads , and other revenues and expenses . the company regularly evaluates its egps to determine if actual experience or other evidence suggests that earlier estimates should be revised . if the company determines that the current assumptions underlying the egps are no longer the best estimate for the future due to changes in actual versus expected mortality rates , persistency rates , interest rate spreads , or other revenues and expenses , the future egps are updated using the new assumptions and prospective unlocking occurs . these updated egps are utilized for future amortization calculations . the total amortization recorded to date is adjusted through a current charge or credit to the consolidated statements of income . internal replacements of insurance and investment contracts determined to result in a replacement contract that is substantially changed from the original contract will be accounted for as an extinguishment of the original contract , resulting in a release of the unamortized deferred acquisition costs , unearned revenue , and deferral of sales inducements associated with the replaced contract . investments the company has classified all of its investments as either available-for-sale or trading securities . these investments are carried at fair value with unrealized gains and losses reported through other comprehensive income ( loss ) for available-for-sale securities or as unrealized gains or losses in the consolidated statements of income for trading securities . available-for-sale securities totaled $ 437.0 million and $ 597.8 million at december 31 , 2015 and 2014 , respectively . premiums and discounts on debt securities purchased at other than par value are amortized and accreted , respectively , to interest income in the consolidated statements of income , using the constant yield method over the period to maturity . net realized gains and losses on investments are computed using the specific identification method and are reported in the consolidated statements of income on the trade date . fair value is determined using quoted market prices when available . in some cases , we use quoted market prices for similar instruments in active markets and or model-derived valuations where inputs are observable in active markets . when there are limited or inactive trading markets , we use industry-standard pricing methodologies , including discounted cash flow models , whose inputs are based on management assumptions and available current market information . further , we retain independent pricing vendors to assist in valuing certain instruments . most of the securities in our portfolio are classified in either level 1 or level 2 of the fair value hierarchy . the company periodically reviews and assesses the vendor 's qualifications and the design and appropriateness of its pricing methodologies . management will on occasion challenge pricing information on certain individual securities and , through communications with the vendor , obtain information about the assumptions , inputs and methodologies used in pricing those securities , and corroborate it against documented pricing methodologies . validation procedures are in place to determine completeness and accuracy of pricing information , including , but not limited to : ( i ) review of exception reports that ( a ) identify any zero or un-priced securities ; ( b ) identify securities with no price change ; and ( c ) identify securities with significant price changes ; ( ii ) performance of trend analyses ; ( iii ) periodic comparison of pricing to alternative pricing sources ; and ( iv ) comparison of pricing changes to expectations based on rating changes , benchmarks or control groups . in certain circumstances , pricing is unavailable from the vendor and broker pricing information is used to determine fair value . in these instances , management will assess the quality of the data sources , the underlying assumptions and the reasonableness of the broker quotes based on the current market information available . to determine if an exception represents an error , management will often have to exercise judgment . procedures to resolve an exception vary depending on the significance of the security and its related class , the frequency of the exception , the risk of material misstatement , and the availability of information for the security . these procedures include , but are not limited to : ( i ) a price challenge process with the vendor ; ( ii ) pricing from a different vendor ; ( iii ) a reasonableness review ; and ( iv ) a change in price based on better information , such as an actual market trade , among other things . management considers all facts and relevant information obtained during the above procedures to determine the proper classification of each security in the fair value hierarchy . declines in value of securities available-for-sale that are judged to be other-than-temporary are determined based on the specific identification method . the company reviews its investment securities regularly and determines whether other-than-temporary impairments have occurred . the factors considered by management in its regular review to identify and recognize other-than-temporary impairment losses on fixed maturities include , but are not limited to : the length of

