included in consolidated net realized investments gains and other for the year ended december 31 , 2014 was a $ 2.0 million gain resulting from the extinguishment of one of our junior subordinated debentures and a $ 4.0 million in realized losses resulting from the write-down of an asset held for sale . included in consolidated net realized investment and other gains for the years ended december 31 , 2014 , 2013 and 2012 were write-downs of approximately $ 2.3 million , $ 7.8 million and $ 3.7 million , respectively , from the recognition of other-than-temporary impairments on certain investment securities . consolidated losses and loss adjustment expenses were $ 747.4 million , $ 742.0 million and $ 747.6 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . included in losses and loss adjustment expenses during 2014 were $ 25.6 million in large losses for the current accident year along with $ 18.7 million in catastrophe losses resulting from storm activity in the u.s. , various hailstorms , typhoon rammasum and hurricane odile . partially offsetting these current accident year losses was $ 37.7 million of net favorable development on prior year accident loss reserves , primarily attributable to favorable development in our general liability line and our syndicate 1200 liability and property lines , partially offset by unfavorable development in the commercial multi-peril and commercial automobile lines . included in losses and loss adjustment expenses during 2013 were $ 16.8 million in current accident year large losses in our excess and surplus lines , commercial specialty and international specialty segments . there was also $ 24.6 million in catastrophe losses 44 primarily attributable to storm activity in the u.s. and germany and flooding in europe and canada . offsetting these 2013 accident year losses was $ 33.6 million in net favorable loss reserve development on prior accident years , primarily within our general liability lines of business . included in losses and loss adjustment expenses for the year ended december 31 , 2012 was $ 75.2 million in catastrophe losses from storm activity in the united states , including superstorm sandy and hurricane isaac . partially offsetting these catastrophe losses was $ 32.9 million in net favorable loss reserve development on prior accident years . the net favorable development was primarily attributable to our general liability , workers compensation and syndicate 1200 segment property lines , partially offset by unfavorable development in our commercial multi-peril lines . the following table summarizes the above referenced loss reserve development as respects to prior year loss reserves by line of business for the year ended december 31 , 2014 : replace_table_token_8_th in determining appropriate reserve levels for the year ended december 31 , 2014 , we maintained the same general processes and disciplines that were used to set reserves at prior reporting dates . no significant changes in methodologies were made to estimate the reserves since the last reporting date ; however , at each reporting date we reassess the actuarial estimate of the reserve for loss and loss adjustment expenses and record our best estimate . consistent with prior reserve valuations , as claims data becomes more mature for prior accident years , actuarial estimates were refined to weigh certain actuarial methods more heavily in order to respond to any emerging trends in the paid and reported loss data . while prior accident years ' net reserves for losses and loss adjustment expenses for some lines of business have developed favorably in recent years , this does not imply that more recent accident years ' reserves also will develop favorably ; pricing , reinsurance costs , legal environment , general economic conditions including changes in inflation and many other factors impact our ultimate loss estimates . consolidated gross reserves for loss and loss adjustment expenses were $ 3,042.4 million ( including $ 80.3 million of reserves attributable to argoglobal syndicate 1200 's trade capital providers ) , $ 3,230.3 million ( including $ 128.6 million of reserves attributable to the trade capital providers ) and $ 3,223.5 million ( including $ 161.6 million of reserves attributable to the trade capital providers ) as of december 31 , 2014 , 2013 and 2012 , respectively . management has recorded its best estimate of loss reserves at each date based on current known facts and circumstances . due to the significant uncertainties inherent in the estimation of loss reserves , there can be no assurance that future loss development , favorable or unfavorable , will not occur . in 2011 , we entered into two reinsurance transactions with a special purpose reinsurance company which provided coverage through the issuance of two catastrophe bond transactions . the reinsurance transactions provided coverage for selected events . the initial catastrophe bond cover expired on december 31 , 2012. the second catastrophe bond cover expired on december 31 , 2013. in accordance with generally accepted accounting principles in the united states ( “ gaap ” ) , we accounted for these covers as derivatives , and as such , presented the financial statement impact in “ other reinsurance-related expenses ” in our consolidated statements of income . other reinsurance-related expenses totaled $ 19.2 million and $ 27.3 million for the years ended december 31 , 2013 and 2012 , respectively . as the last of these contracts expired in december 2013 , there was no expense recognized in 2014. as management viewed these coverages as reinsurance protection , we treated the financial statement effects of these covers as ceded premium for the purposes of calculating our loss , expense and combined ratios . consolidated underwriting , acquisition and insurance expenses were $ 539.2 million , $ 510.8 million and $ 464.5 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . story_separator_special_tag the fee income , net for the year ended december 31 , 2014 was primarily due to the reduced 50 syndicate participation maintained by argo group , which resulted in increased commissions for managing the business for the trade capital providers . the fee expense , net for the year ended december 31 , 2013 was primarily due to the allocation of certain compensation expense not borne by the syndicate . run-off lines the following table summarizes the results of operations for the run-off lines segment : replace_table_token_13_th earned premiums for the years ended december 31 , 2014 , 2013 and 2012 were primarily attributable to adjustments resulting from final audits , reinstatement premiums and other adjustments on policies previously underwritten . through our subsidiary argonaut insurance company , we are exposed to asbestos liability at the primary level through claims filed against our direct insureds , as well as through its position as a reinsurer of other primary carriers . argonaut insurance company has direct liability arising primarily from policies issued from the 1960s to the early 1980s , which pre-dated policy contract wording that excluded asbestos exposure . the majority of the direct policies were issued on behalf of small contractors or construction companies . we believe that the frequency and severity of asbestos claims for such insureds is typically less than that experienced for large , industrial manufacturing and distribution concerns . argonaut insurance company also assumed risk as a reinsurer , primarily for the period from 1970 to 1975 , a portion of which was assumed from the london market . argonaut insurance company also reinsured risks on policies written by domestic carriers . such reinsurance typically provided coverage for limits attaching at a relatively high level , which are payable only after other layers of reinsurance are exhausted . some of the claims now being filed on policies reinsured by argonaut insurance company are on behalf of claimants who may have been exposed at some time to asbestos incorporated into buildings they occupied , but have no apparent medical problems resulting from such exposure . additionally , lawsuits are being brought against businesses that were not directly involved in the manufacture or installation of materials containing asbestos . we believe that a significant portion of claims generated out of this population of claimants may result in incurred losses generally lower than the asbestos claims filed over the past decade and could be below the attachment level of argonaut insurance company . losses and loss adjustment expenses for the year ended december 31 , 2014 included $ 24.4 million of net unfavorable loss reserve development on prior accident years primarily driven by $ 13.5 million from our asbestos and environmental exposure and $ 10.3 million in our run-off workers compensation lines . the unfavorable development from our asbestos and environmental exposures was driven by our primary exposures and our domestic assumed programs . the unfavorable development for our workers compensation lines was the result of increasing medical costs on older claims . losses and loss adjustment expenses for the year ended december 31 , 2013 included $ 10.5 million of unfavorable loss reserve development in general liability lines resulting from asbestos exposure . the unfavorable development was driven by increasing defense costs in the primary book of business , higher than expected loss activity in the assumed book of business and commutations and settlements in 2013. other run-off lines recorded $ 4.4 million in unfavorable development , including $ 2.0 million in unfavorable development in medical malpractice liability due to the loss of the new york liquidation bureau funding for structured annuity payments . losses and loss adjustment expenses for the year ended december 31 , 2012 included $ 9.8 million in net unfavorable loss reserve development on prior accident years primarily attributable to $ 9.1 million of unfavorable development in general liability lines resulting from asbestos exposure . the unfavorable development was driven by increasing defense costs in the primary book of business and increasing settlement costs in the assumed book of business . underwriting , acquisition and insurance expenses for the run-off lines segment consists primarily of administrative expenses . underwriting expense for the year ended december 31 , 2014 was favorably impacted by a $ 1.1 million recovery of a 51 policyholder dividend in the run-off risk management lines , offset by $ 1.8 million in higher fee and bad debt expenses . underwriting expense for the year ended december 31 , 2013 was reduced by $ 2.3 million received due to the settlement of a disputed assessment . underwriting expense for the year ended december 31 , 2012 were reduced $ 2.6 million due to a reduction in insurance assessments . absent these items , underwriting expenses were comparable for the years presented . the following table represents a reconciliation of total gross and net reserves for the run-off lines . amounts in the net column are reduced by reinsurance recoverables . replace_table_token_14_th the following table represents the components of gross loss reserves for the run-off lines : replace_table_token_15_th we perform an extensive actuarial analysis of the asbestos and environmental reserves on at least an annual basis . we continually monitor the status of the claims and may make adjustments outside the annual review period . the review entails a detailed analysis of our direct and assumed exposure . we consider the indications from the various actuarial methods from the review to determine our best estimate of the asbestos and environmental losses and loss adjustment expense reserves . we primarily relied on a method that projects future reported claims and severities , with some weight given to other methods . this method relies most heavily on our historical claims and severity information , whereas other methods rely more heavily on industry information . the method produces an 52 estimate of ibnr losses based on projections of future claims and the average severity for those future claims . the severities were calculated based

liquidity and capital resources the primary sources of our cash flows are premiums , reinsurance recoveries , proceeds from sales and redemptions of investments and investment income . the primary cash outflows are claim payments , loss adjustment expenses , reinsurance costs and operating expenses . the nature of insurance is that cash collected for premiums written is invested , interest and dividends are earned thereon and loss and settlement expenses are paid out over a period of years . this period of time varies by line of business and the circumstances surrounding each claim . a substantial portion of our losses and loss expenses are paid out after more than one year . additional cash outflows occur through payments of underwriting and acquisition costs such as commissions , taxes , payroll and general overhead expenses . management believes that cash receipts from premiums , proceeds from investment sales and redemptions and investment income are sufficient to cover cash outflows in the foreseeable future . should the need for additional cash arise , we believe we have access to additional sources of liquidity . cash provided ( used ) by operating activities can fluctuate due to timing difference in the collection of premiums and reinsurance recoveries and the payment of losses and expenses . for the years ended december 31 , 2014 and 2012 , cash provided by operating activities was $ 130.5 million and $ 30.5 million , respectively , while cash used by operating activities was $ 0.2 million for the year ended december 31 , 2013. for 2014 , cash provided by operating activities was primarily due to increased collections on our reinsurance recoverables on paid losses offset by the settlement of our reinsurance payable due to the closing of the syndicate 1200 segment 's remaining whole account quota share contract covering segment loss reserves for 2009 and prior years of account in addition to the closing of the 2011 year of account .


 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 resources the primary sources of our cash flows are premiums , reinsurance recoveries , proceeds from sales and redemptions of investments and investment income . the primary cash outflows are claim payments , loss adjustment expenses , reinsurance costs and operating expenses . the nature of insurance is that cash collected for premiums written is invested , interest and dividends are earned thereon and loss and settlement expenses are paid out over a period of years . this period of time varies by line of business and the circumstances surrounding each claim . a substantial portion of our losses and loss expenses are paid out after more than one year . additional cash outflows occur through payments of underwriting and acquisition costs such as commissions , taxes , payroll and general overhead expenses . management believes that cash receipts from premiums , proceeds from investment sales and redemptions and investment income are sufficient to cover cash outflows in the foreseeable future . should the need for additional cash arise , we believe we have access to additional sources of liquidity . cash provided ( used ) by operating activities can fluctuate due to timing difference in the collection of premiums and reinsurance recoveries and the payment of losses and expenses . for the years ended december 31 , 2014 and 2012 , cash provided by operating activities was $ 130.5 million and $ 30.5 million , respectively , while cash used by operating activities was $ 0.2 million for the year ended december 31 , 2013. for 2014 , cash provided by operating activities was primarily due to increased collections on our reinsurance recoverables on paid losses offset by the settlement of our reinsurance payable due to the closing of the syndicate 1200 segment 's remaining whole account quota share contract covering segment loss reserves for 2009 and prior years of account in addition to the closing of the 2011 year of account .
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 Suspicious Activity Report : included in consolidated net realized investments gains and other for the year ended december 31 , 2014 was a $ 2.0 million gain resulting from the extinguishment of one of our junior subordinated debentures and a $ 4.0 million in realized losses resulting from the write-down of an asset held for sale . included in consolidated net realized investment and other gains for the years ended december 31 , 2014 , 2013 and 2012 were write-downs of approximately $ 2.3 million , $ 7.8 million and $ 3.7 million , respectively , from the recognition of other-than-temporary impairments on certain investment securities . consolidated losses and loss adjustment expenses were $ 747.4 million , $ 742.0 million and $ 747.6 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . included in losses and loss adjustment expenses during 2014 were $ 25.6 million in large losses for the current accident year along with $ 18.7 million in catastrophe losses resulting from storm activity in the u.s. , various hailstorms , typhoon rammasum and hurricane odile . partially offsetting these current accident year losses was $ 37.7 million of net favorable development on prior year accident loss reserves , primarily attributable to favorable development in our general liability line and our syndicate 1200 liability and property lines , partially offset by unfavorable development in the commercial multi-peril and commercial automobile lines . included in losses and loss adjustment expenses during 2013 were $ 16.8 million in current accident year large losses in our excess and surplus lines , commercial specialty and international specialty segments . there was also $ 24.6 million in catastrophe losses 44 primarily attributable to storm activity in the u.s. and germany and flooding in europe and canada . offsetting these 2013 accident year losses was $ 33.6 million in net favorable loss reserve development on prior accident years , primarily within our general liability lines of business . included in losses and loss adjustment expenses for the year ended december 31 , 2012 was $ 75.2 million in catastrophe losses from storm activity in the united states , including superstorm sandy and hurricane isaac . partially offsetting these catastrophe losses was $ 32.9 million in net favorable loss reserve development on prior accident years . the net favorable development was primarily attributable to our general liability , workers compensation and syndicate 1200 segment property lines , partially offset by unfavorable development in our commercial multi-peril lines . the following table summarizes the above referenced loss reserve development as respects to prior year loss reserves by line of business for the year ended december 31 , 2014 : replace_table_token_8_th in determining appropriate reserve levels for the year ended december 31 , 2014 , we maintained the same general processes and disciplines that were used to set reserves at prior reporting dates . no significant changes in methodologies were made to estimate the reserves since the last reporting date ; however , at each reporting date we reassess the actuarial estimate of the reserve for loss and loss adjustment expenses and record our best estimate . consistent with prior reserve valuations , as claims data becomes more mature for prior accident years , actuarial estimates were refined to weigh certain actuarial methods more heavily in order to respond to any emerging trends in the paid and reported loss data . while prior accident years ' net reserves for losses and loss adjustment expenses for some lines of business have developed favorably in recent years , this does not imply that more recent accident years ' reserves also will develop favorably ; pricing , reinsurance costs , legal environment , general economic conditions including changes in inflation and many other factors impact our ultimate loss estimates . consolidated gross reserves for loss and loss adjustment expenses were $ 3,042.4 million ( including $ 80.3 million of reserves attributable to argoglobal syndicate 1200 's trade capital providers ) , $ 3,230.3 million ( including $ 128.6 million of reserves attributable to the trade capital providers ) and $ 3,223.5 million ( including $ 161.6 million of reserves attributable to the trade capital providers ) as of december 31 , 2014 , 2013 and 2012 , respectively . management has recorded its best estimate of loss reserves at each date based on current known facts and circumstances . due to the significant uncertainties inherent in the estimation of loss reserves , there can be no assurance that future loss development , favorable or unfavorable , will not occur . in 2011 , we entered into two reinsurance transactions with a special purpose reinsurance company which provided coverage through the issuance of two catastrophe bond transactions . the reinsurance transactions provided coverage for selected events . the initial catastrophe bond cover expired on december 31 , 2012. the second catastrophe bond cover expired on december 31 , 2013. in accordance with generally accepted accounting principles in the united states ( “ gaap ” ) , we accounted for these covers as derivatives , and as such , presented the financial statement impact in “ other reinsurance-related expenses ” in our consolidated statements of income . other reinsurance-related expenses totaled $ 19.2 million and $ 27.3 million for the years ended december 31 , 2013 and 2012 , respectively . as the last of these contracts expired in december 2013 , there was no expense recognized in 2014. as management viewed these coverages as reinsurance protection , we treated the financial statement effects of these covers as ceded premium for the purposes of calculating our loss , expense and combined ratios . consolidated underwriting , acquisition and insurance expenses were $ 539.2 million , $ 510.8 million and $ 464.5 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . story_separator_special_tag the fee income , net for the year ended december 31 , 2014 was primarily due to the reduced 50 syndicate participation maintained by argo group , which resulted in increased commissions for managing the business for the trade capital providers . the fee expense , net for the year ended december 31 , 2013 was primarily due to the allocation of certain compensation expense not borne by the syndicate . run-off lines the following table summarizes the results of operations for the run-off lines segment : replace_table_token_13_th earned premiums for the years ended december 31 , 2014 , 2013 and 2012 were primarily attributable to adjustments resulting from final audits , reinstatement premiums and other adjustments on policies previously underwritten . through our subsidiary argonaut insurance company , we are exposed to asbestos liability at the primary level through claims filed against our direct insureds , as well as through its position as a reinsurer of other primary carriers . argonaut insurance company has direct liability arising primarily from policies issued from the 1960s to the early 1980s , which pre-dated policy contract wording that excluded asbestos exposure . the majority of the direct policies were issued on behalf of small contractors or construction companies . we believe that the frequency and severity of asbestos claims for such insureds is typically less than that experienced for large , industrial manufacturing and distribution concerns . argonaut insurance company also assumed risk as a reinsurer , primarily for the period from 1970 to 1975 , a portion of which was assumed from the london market . argonaut insurance company also reinsured risks on policies written by domestic carriers . such reinsurance typically provided coverage for limits attaching at a relatively high level , which are payable only after other layers of reinsurance are exhausted . some of the claims now being filed on policies reinsured by argonaut insurance company are on behalf of claimants who may have been exposed at some time to asbestos incorporated into buildings they occupied , but have no apparent medical problems resulting from such exposure . additionally , lawsuits are being brought against businesses that were not directly involved in the manufacture or installation of materials containing asbestos . we believe that a significant portion of claims generated out of this population of claimants may result in incurred losses generally lower than the asbestos claims filed over the past decade and could be below the attachment level of argonaut insurance company . losses and loss adjustment expenses for the year ended december 31 , 2014 included $ 24.4 million of net unfavorable loss reserve development on prior accident years primarily driven by $ 13.5 million from our asbestos and environmental exposure and $ 10.3 million in our run-off workers compensation lines . the unfavorable development from our asbestos and environmental exposures was driven by our primary exposures and our domestic assumed programs . the unfavorable development for our workers compensation lines was the result of increasing medical costs on older claims . losses and loss adjustment expenses for the year ended december 31 , 2013 included $ 10.5 million of unfavorable loss reserve development in general liability lines resulting from asbestos exposure . the unfavorable development was driven by increasing defense costs in the primary book of business , higher than expected loss activity in the assumed book of business and commutations and settlements in 2013. other run-off lines recorded $ 4.4 million in unfavorable development , including $ 2.0 million in unfavorable development in medical malpractice liability due to the loss of the new york liquidation bureau funding for structured annuity payments . losses and loss adjustment expenses for the year ended december 31 , 2012 included $ 9.8 million in net unfavorable loss reserve development on prior accident years primarily attributable to $ 9.1 million of unfavorable development in general liability lines resulting from asbestos exposure . the unfavorable development was driven by increasing defense costs in the primary book of business and increasing settlement costs in the assumed book of business . underwriting , acquisition and insurance expenses for the run-off lines segment consists primarily of administrative expenses . underwriting expense for the year ended december 31 , 2014 was favorably impacted by a $ 1.1 million recovery of a 51 policyholder dividend in the run-off risk management lines , offset by $ 1.8 million in higher fee and bad debt expenses . underwriting expense for the year ended december 31 , 2013 was reduced by $ 2.3 million received due to the settlement of a disputed assessment . underwriting expense for the year ended december 31 , 2012 were reduced $ 2.6 million due to a reduction in insurance assessments . absent these items , underwriting expenses were comparable for the years presented . the following table represents a reconciliation of total gross and net reserves for the run-off lines . amounts in the net column are reduced by reinsurance recoverables . replace_table_token_14_th the following table represents the components of gross loss reserves for the run-off lines : replace_table_token_15_th we perform an extensive actuarial analysis of the asbestos and environmental reserves on at least an annual basis . we continually monitor the status of the claims and may make adjustments outside the annual review period . the review entails a detailed analysis of our direct and assumed exposure . we consider the indications from the various actuarial methods from the review to determine our best estimate of the asbestos and environmental losses and loss adjustment expense reserves . we primarily relied on a method that projects future reported claims and severities , with some weight given to other methods . this method relies most heavily on our historical claims and severity information , whereas other methods rely more heavily on industry information . the method produces an 52 estimate of ibnr losses based on projections of future claims and the average severity for those future claims . the severities were calculated based

