41 property and casualty replace_table_token_17_th _ n.m. - not meaningful . for 2018 , written premiums * increased compared to 2017 , driven primarily by rate increases and somewhat offset by $ 6.7 million of reinsurance reinstatement premiums . for 2017 , written premiums increased compared to 2016 , reflecting increases in average written premium per policy for both property and automobile . policy retention continued to be stable . for 2018 , net income decreased $ 32.1 million compared to 2017 , driven primarily by elevated catastrophe costs which were $ 49.9 higher than the prior year . for 2017 , net income decreased $ 7.8 million compared to 2016 , driven primarily by elevated weather-related losses . excluding the effects of catastrophe costs and prior years ' reserve development , the underlying combined ratio * has improved since 2016. retirement replace_table_token_18_th for 2018 , sales deposits * increased compared to 2017 , driven by strong growth in fee-based deposits . for 2017 , sales deposits decreased compared to 2016 , reflecting a decrease in spread-based deposits partially offset by an increase in fee-based deposits . for 2018 , total assets under management were comparable to a year ago . for 2017 , total assets under management increased compared to 2016 , primarily due to market appreciation on variable account annuities . total cash value persistency remained strong . 42 for 2018 , net income excluding deferred policy acquisition costs ( dac ) unlocking decreased $ 44.3 million compared to 2017 , primarily due to the benefit of a $ 39.5 million dtl re-measurement occurring in 2017 , a $ 7.0 million pretax decrease in net interest margin and higher operating expenses to support long-term retirement infrastructure . for 2017 , net income excluding dac unlocking increased $ 38.6 million compared to 2016 , primarily due to the dtl re-measurement benefit that occurred in 2017 and a $ 6.4 million pretax increase in net interest margin offset by higher operating expenses driven by strategic investments in technology , products and distribution . life replace_table_token_19_th _ n.m. - not meaningful . sales rose consecutively from 2016 to 2018 , reflecting an increased emphasis on meeting the needs of the under-insured educator market through enhanced marketing efforts and ease of doing business improvements . life persistency was comparable during the periods . for 2018 , net income decreased $ 58.8 million compared to 2017 , primarily due to the benefit of a $ 60.3 million dtl re-measurement that occurred in 2017 , and net income in 2017 increased compared to 2016 for the same reason . consolidated results of operations replace_table_token_20_th _ n.m. - not meaningful . 43 insurance premiums and contract charges earned for 2018 , insurance premiums and contract charges earned increased compared to 2017 , primarily due to increases in average premium per policy for both property and automobile . for 2017 , insurance premiums and contract charges earned increased compared to 2016 for the same reason . net investment income for 2018 , net investment income was comparable to 2017 as increased prepayment activity and returns on alternative investments offset the reduction in yields from a movement up in quality of the portfolio . average invested assets increased 2.2 % in 2018. for 2017 , net investment income increased compared to 2016 reflecting growth in asset balances and an increase in prepayment activity , partially offset by the impact of the current low interest rate environment . average investment assets increased 4.2 % in 2017. the annualized yield on the total investment portfolio is listed in the following table : replace_table_token_21_th during 2018 , management continued to identify and purchase investments , including a modest level of alternative investments , with attractive risk-adjusted yields relative to market conditions without venturing into asset classes or individual securities that would be inconsistent with the company 's overall conservative investment guidelines . net investment gains ( losses ) - pretax for 2018 , net investment losses increased compared to 2017. effective january 1 , 2018 , with the adoption of new accounting guidance for recognition and measurement of financial instruments , equity securities are reported at fair value with changes in fair value recognized in net investment gains ( losses ) . the changes in fair value of equity securities accounted for the increase in net investment losses over 2017. in 2017 , net investment losses as compared to net investment gains in 2016 were realized primarily from ongoing investment portfolio management activity and , when determined , the recognition of other-than-temporary impairments ( otti ) . the break down of net investment gains ( losses ) by transaction type is shown in the following table : replace_table_token_22_th the company , from time to time , sells securities subsequent to the reporting date that were considered temporarily impaired at the reporting date . such sales are due to issuer specific events occurring subsequent to the reporting date that result in a change in the company 's intent to sell an invested asset . 44 other income for the three years ended 2018 , 2017 and 2016 , other income steadily increased due to increases in commissions from third-party vendor products and decreases in annuity premium bonuses . benefits , claims and settlement expenses for 2018 , benefits , claims and settlement expenses increased compared to 2017 , driven primarily by elevated catastrophe costs in property and casualty . for 2017 , benefits , claims and settlement expenses increased compared to 2016 , driven primarily by elevated weather-related losses in property and casualty . interest credited compared to 2017 , the 2018 increase in retirement interest credited reflected higher interest costs on fhlb funding agreements as well as a 2.3 % increase in average accumulated fixed deposits , at an average crediting rate of 3.7 % and 3.6 % for the years 2018 and 2017 , respectively . story_separator_special_tag for the variable deposit portion of retirement , the company amortizes dac utilizing a future financial market performance assumption of an 8.0 % reversion to the mean approach with a 200 basis point corridor around the mean during the reversion period , representing a cap and a floor on the company 's long-term assumption . the company 's practice with regard to future financial market performance assumes that long-term appreciation in the financial markets is not changed by short-term market fluctuations , but is only changed when sustained annual deviations are experienced . the company monitors these fluctuations and only changes the assumption when the long-term expectation changes . the potential effect of an increase/ ( decrease ) by 100 basis points in the assumed future rate of return is reasonably likely to result in an estimated decrease/ ( increase ) in dac amortization expense of approximately $ 2.0 million . although this evaluation reflects likely outcomes , it is possible an actual outcome may fall below or above these estimates . at december 31 , 2018 , the ratio of dac to the total annuity accumulated cash value was 3.1 % . in the event actual experience differs significantly from assumptions or assumptions are significantly revised , the company may be required to record a material charge or credit to current period amortization expense for the period in which the adjustment is made . as noted above , there are key assumptions involved in the evaluation of dac . in terms of the sensitivity of this amortization to three of the more significant assumptions , based on dac as of december 31 , 2018 and assuming all other assumptions are met , ( 1 ) a 10 basis point deviation in the annual targeted interest rate spread assumption would impact amortization between $ 0.3 million and $ 0.4 million , ( 2 ) a 1.0 % deviation from the targeted financial market performance for the underlying mutual funds of the company 's variable annuities would impact amortization between $ 0.3 million and $ 0.4 million and ( 3 ) a $ 1.0 million net investment gain ( loss ) would impact amortization by approximately $ 0.1 million . these results may change depending on the magnitude and direction of any actual deviations but represent a range of reasonably likely experience for the noted assumptions . detailed discussion of the impact of adjustments to dac amortization expense is included in results of operations by segment for the three years ended december 31 , 2018 . the most significant assumptions that are involved in the estimation of life insurance gross profits include interest rates expected to be received on investments , business persistency , and mortality . conversions from term to permanent insurance cause an immediate write down of the associated dac . the impact on amortization due to assumption changes has an immaterial impact on the results of operations . valuation of liabilities for property and casualty unpaid claims and claim expenses underwriting results of property and casualty are significantly influenced by estimates of the company 's ultimate liability for insured events . there is a high degree of uncertainty inherent in the estimates of ultimate losses underlying the liabilities for unpaid claims and claim settlement expenses . this inherent uncertainty is particularly significant for liability-related exposures due to the extended period , often many years that transpire between a loss event , receipt of related claims data from policyholders and ultimate settlement of the claim . reserves for property and casualty claims include provisions for payments to be made on reported claims ( case reserves ) , claims incurred but not yet reported ( ibnr ) and associated settlement expenses ( together , loss reserves ) . 50 the process by which these reserves are established requires reliance upon estimates based on known facts and on interpretations of circumstances , including the company 's experience with similar cases and historical trends involving claim payments and related patterns , pending levels of unpaid claims and product mix , as well as other factors including court decisions , economic conditions , public attitudes and medical costs . the company calculates and records a single best estimate of the reserve ( which is equal to the actuarial point estimate ) as of each reporting date . reserves are re-estimated quarterly . changes to reserves are recorded in the period in which development factor changes result in reserve re-estimates . a detailed discussion of the process utilized to estimate loss reserves , risk factors considered and the impact of adjustments recorded during recent years is included in item 8 , note 5 of the consolidated financial statements in this report . due to the nature of the company 's personal lines business , the company has no exposure to losses related to claims for toxic waste cleanup , other environmental remediation or asbestos-related illnesses other than claims under property insurance policies for environmentally related items such as mold . based on the company 's products and coverages , historical experience , and modeling of various actuarial methodologies used to develop reserve estimates , the company estimates that the potential variability of the property and casualty loss reserves within a reasonable probability of other possible outcomes may be approximately plus or minus 6.0 % , which equates to plus or minus approximately $ 13.0 million of net income based on net reserves as of december 31 , 2018 . although this evaluation reflects the most likely outcomes , it is possible the final outcome may fall below or above these estimates . there are a number of assumptions involved in the determination of the company 's property and casualty loss reserves . among the key factors affecting recorded loss reserves for both long-tail and short-tail related coverages , claim severity and claim frequency are of particular significance . management estimates that a 2.0 % change in claim severity or claim frequency for the most

capital resources the company has determined the amount of capital which is needed to adequately fund and support business growth , primarily based on risk-based capital formulas including those developed by the naic . historically , the company 's insurance subsidiaries have generated capital in excess of such needed capital . these excess amounts have been paid to hmec through dividends . hmec has then utilized these dividends and its access to the capital markets to service and retire long-term debt , pay dividends to its shareholders , fund growth initiatives , repurchase shares of its common stock and for other corporate purposes . if necessary , hmec also has other potential sources of liquidity that could provide for additional funding to meet corporate obligations or pay shareholder dividends , which include a revolving line of credit , as well as issuances of various securities . the insurance subsidiaries are subject to various regulatory restrictions which limit the amount of annual dividends or other distributions , including loans or cash advances , available to hmec without prior approval of the insurance regulatory authorities . the aggregate amount of dividends that may be paid in 2019 from all of hmec 's insurance subsidiaries without prior regulatory approval is $ 90.7 million . management anticipates that the company 's sources of capital will continue to generate sufficient capital to meet the needs for business growth , debt interest payments , shareholder dividends and its share repurchase program . additional information is contained in item 8 , note 10 of the consolidated financial statements in this report .


 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.
     ```capital resources the company has determined the amount of capital which is needed to adequately fund and support business growth , primarily based on risk-based capital formulas including those developed by the naic . historically , the company 's insurance subsidiaries have generated capital in excess of such needed capital . these excess amounts have been paid to hmec through dividends . hmec has then utilized these dividends and its access to the capital markets to service and retire long-term debt , pay dividends to its shareholders , fund growth initiatives , repurchase shares of its common stock and for other corporate purposes . if necessary , hmec also has other potential sources of liquidity that could provide for additional funding to meet corporate obligations or pay shareholder dividends , which include a revolving line of credit , as well as issuances of various securities . the insurance subsidiaries are subject to various regulatory restrictions which limit the amount of annual dividends or other distributions , including loans or cash advances , available to hmec without prior approval of the insurance regulatory authorities . the aggregate amount of dividends that may be paid in 2019 from all of hmec 's insurance subsidiaries without prior regulatory approval is $ 90.7 million . management anticipates that the company 's sources of capital will continue to generate sufficient capital to meet the needs for business growth , debt interest payments , shareholder dividends and its share repurchase program . additional information is contained in item 8 , note 10 of the consolidated financial statements in this report .
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 Suspicious Activity Report : 41 property and casualty replace_table_token_17_th _ n.m. - not meaningful . for 2018 , written premiums * increased compared to 2017 , driven primarily by rate increases and somewhat offset by $ 6.7 million of reinsurance reinstatement premiums . for 2017 , written premiums increased compared to 2016 , reflecting increases in average written premium per policy for both property and automobile . policy retention continued to be stable . for 2018 , net income decreased $ 32.1 million compared to 2017 , driven primarily by elevated catastrophe costs which were $ 49.9 higher than the prior year . for 2017 , net income decreased $ 7.8 million compared to 2016 , driven primarily by elevated weather-related losses . excluding the effects of catastrophe costs and prior years ' reserve development , the underlying combined ratio * has improved since 2016. retirement replace_table_token_18_th for 2018 , sales deposits * increased compared to 2017 , driven by strong growth in fee-based deposits . for 2017 , sales deposits decreased compared to 2016 , reflecting a decrease in spread-based deposits partially offset by an increase in fee-based deposits . for 2018 , total assets under management were comparable to a year ago . for 2017 , total assets under management increased compared to 2016 , primarily due to market appreciation on variable account annuities . total cash value persistency remained strong . 42 for 2018 , net income excluding deferred policy acquisition costs ( dac ) unlocking decreased $ 44.3 million compared to 2017 , primarily due to the benefit of a $ 39.5 million dtl re-measurement occurring in 2017 , a $ 7.0 million pretax decrease in net interest margin and higher operating expenses to support long-term retirement infrastructure . for 2017 , net income excluding dac unlocking increased $ 38.6 million compared to 2016 , primarily due to the dtl re-measurement benefit that occurred in 2017 and a $ 6.4 million pretax increase in net interest margin offset by higher operating expenses driven by strategic investments in technology , products and distribution . life replace_table_token_19_th _ n.m. - not meaningful . sales rose consecutively from 2016 to 2018 , reflecting an increased emphasis on meeting the needs of the under-insured educator market through enhanced marketing efforts and ease of doing business improvements . life persistency was comparable during the periods . for 2018 , net income decreased $ 58.8 million compared to 2017 , primarily due to the benefit of a $ 60.3 million dtl re-measurement that occurred in 2017 , and net income in 2017 increased compared to 2016 for the same reason . consolidated results of operations replace_table_token_20_th _ n.m. - not meaningful . 43 insurance premiums and contract charges earned for 2018 , insurance premiums and contract charges earned increased compared to 2017 , primarily due to increases in average premium per policy for both property and automobile . for 2017 , insurance premiums and contract charges earned increased compared to 2016 for the same reason . net investment income for 2018 , net investment income was comparable to 2017 as increased prepayment activity and returns on alternative investments offset the reduction in yields from a movement up in quality of the portfolio . average invested assets increased 2.2 % in 2018. for 2017 , net investment income increased compared to 2016 reflecting growth in asset balances and an increase in prepayment activity , partially offset by the impact of the current low interest rate environment . average investment assets increased 4.2 % in 2017. the annualized yield on the total investment portfolio is listed in the following table : replace_table_token_21_th during 2018 , management continued to identify and purchase investments , including a modest level of alternative investments , with attractive risk-adjusted yields relative to market conditions without venturing into asset classes or individual securities that would be inconsistent with the company 's overall conservative investment guidelines . net investment gains ( losses ) - pretax for 2018 , net investment losses increased compared to 2017. effective january 1 , 2018 , with the adoption of new accounting guidance for recognition and measurement of financial instruments , equity securities are reported at fair value with changes in fair value recognized in net investment gains ( losses ) . the changes in fair value of equity securities accounted for the increase in net investment losses over 2017. in 2017 , net investment losses as compared to net investment gains in 2016 were realized primarily from ongoing investment portfolio management activity and , when determined , the recognition of other-than-temporary impairments ( otti ) . the break down of net investment gains ( losses ) by transaction type is shown in the following table : replace_table_token_22_th the company , from time to time , sells securities subsequent to the reporting date that were considered temporarily impaired at the reporting date . such sales are due to issuer specific events occurring subsequent to the reporting date that result in a change in the company 's intent to sell an invested asset . 44 other income for the three years ended 2018 , 2017 and 2016 , other income steadily increased due to increases in commissions from third-party vendor products and decreases in annuity premium bonuses . benefits , claims and settlement expenses for 2018 , benefits , claims and settlement expenses increased compared to 2017 , driven primarily by elevated catastrophe costs in property and casualty . for 2017 , benefits , claims and settlement expenses increased compared to 2016 , driven primarily by elevated weather-related losses in property and casualty . interest credited compared to 2017 , the 2018 increase in retirement interest credited reflected higher interest costs on fhlb funding agreements as well as a 2.3 % increase in average accumulated fixed deposits , at an average crediting rate of 3.7 % and 3.6 % for the years 2018 and 2017 , respectively . story_separator_special_tag for the variable deposit portion of retirement , the company amortizes dac utilizing a future financial market performance assumption of an 8.0 % reversion to the mean approach with a 200 basis point corridor around the mean during the reversion period , representing a cap and a floor on the company 's long-term assumption . the company 's practice with regard to future financial market performance assumes that long-term appreciation in the financial markets is not changed by short-term market fluctuations , but is only changed when sustained annual deviations are experienced . the company monitors these fluctuations and only changes the assumption when the long-term expectation changes . the potential effect of an increase/ ( decrease ) by 100 basis points in the assumed future rate of return is reasonably likely to result in an estimated decrease/ ( increase ) in dac amortization expense of approximately $ 2.0 million . although this evaluation reflects likely outcomes , it is possible an actual outcome may fall below or above these estimates . at december 31 , 2018 , the ratio of dac to the total annuity accumulated cash value was 3.1 % . in the event actual experience differs significantly from assumptions or assumptions are significantly revised , the company may be required to record a material charge or credit to current period amortization expense for the period in which the adjustment is made . as noted above , there are key assumptions involved in the evaluation of dac . in terms of the sensitivity of this amortization to three of the more significant assumptions , based on dac as of december 31 , 2018 and assuming all other assumptions are met , ( 1 ) a 10 basis point deviation in the annual targeted interest rate spread assumption would impact amortization between $ 0.3 million and $ 0.4 million , ( 2 ) a 1.0 % deviation from the targeted financial market performance for the underlying mutual funds of the company 's variable annuities would impact amortization between $ 0.3 million and $ 0.4 million and ( 3 ) a $ 1.0 million net investment gain ( loss ) would impact amortization by approximately $ 0.1 million . these results may change depending on the magnitude and direction of any actual deviations but represent a range of reasonably likely experience for the noted assumptions . detailed discussion of the impact of adjustments to dac amortization expense is included in results of operations by segment for the three years ended december 31 , 2018 . the most significant assumptions that are involved in the estimation of life insurance gross profits include interest rates expected to be received on investments , business persistency , and mortality . conversions from term to permanent insurance cause an immediate write down of the associated dac . the impact on amortization due to assumption changes has an immaterial impact on the results of operations . valuation of liabilities for property and casualty unpaid claims and claim expenses underwriting results of property and casualty are significantly influenced by estimates of the company 's ultimate liability for insured events . there is a high degree of uncertainty inherent in the estimates of ultimate losses underlying the liabilities for unpaid claims and claim settlement expenses . this inherent uncertainty is particularly significant for liability-related exposures due to the extended period , often many years that transpire between a loss event , receipt of related claims data from policyholders and ultimate settlement of the claim . reserves for property and casualty claims include provisions for payments to be made on reported claims ( case reserves ) , claims incurred but not yet reported ( ibnr ) and associated settlement expenses ( together , loss reserves ) . 50 the process by which these reserves are established requires reliance upon estimates based on known facts and on interpretations of circumstances , including the company 's experience with similar cases and historical trends involving claim payments and related patterns , pending levels of unpaid claims and product mix , as well as other factors including court decisions , economic conditions , public attitudes and medical costs . the company calculates and records a single best estimate of the reserve ( which is equal to the actuarial point estimate ) as of each reporting date . reserves are re-estimated quarterly . changes to reserves are recorded in the period in which development factor changes result in reserve re-estimates . a detailed discussion of the process utilized to estimate loss reserves , risk factors considered and the impact of adjustments recorded during recent years is included in item 8 , note 5 of the consolidated financial statements in this report . due to the nature of the company 's personal lines business , the company has no exposure to losses related to claims for toxic waste cleanup , other environmental remediation or asbestos-related illnesses other than claims under property insurance policies for environmentally related items such as mold . based on the company 's products and coverages , historical experience , and modeling of various actuarial methodologies used to develop reserve estimates , the company estimates that the potential variability of the property and casualty loss reserves within a reasonable probability of other possible outcomes may be approximately plus or minus 6.0 % , which equates to plus or minus approximately $ 13.0 million of net income based on net reserves as of december 31 , 2018 . although this evaluation reflects the most likely outcomes , it is possible the final outcome may fall below or above these estimates . there are a number of assumptions involved in the determination of the company 's property and casualty loss reserves . among the key factors affecting recorded loss reserves for both long-tail and short-tail related coverages , claim severity and claim frequency are of particular significance . management estimates that a 2.0 % change in claim severity or claim frequency for the most

