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  "presentationDate": "2021-03-01 00:00:00",
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      "text": "1 Net withdrawals consist of full and partial policyholder withdrawals, death benefits, pension risk transfer benefit payments and funding agreement maturities, net of the ACRA NCI. 2 Net organic flows are calculated as gross organic inflows less organic inflows attributable to ACRA NCI and net withdrawals. 3 Net organic growth rate is calculated as net organic flows divided by average net invested assets, on an annualized basis. 4 Trailing three year average of as-reported net flows divided by average AUM for selected traditional asset managers (AMG, BEN, BLK, IVZ, FHI & TROW ). 5 Trailing three year average of as-reported net flows divided by average AUM for selected asset management units within insurers (AMP, PFG & VOYA). 6 Trailing three year average of as-reported net flows, or where not disclosed, net deposits less surrenders, withdrawals, deaths, etc. divided by average annuity assets for selected fixed annuity issuers (AEL, FG & LNC).",
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