We also sell administrative services-only ("ASO") arrangements to some employers. Our largest operations are in the U.K., Turkey and the Gulf region. Variable Annuities Asset accumulation and asset distribution needs. We also cede first dollar mortality risk under certain contracts. Such authorities also periodically examine its operations and accounts. We may increase reserves in order to submit such an opinion without qualification. Solvency II harmonizes insurance regulation across the European Union ("EU"). These laws and rules vary significantly from jurisdiction to jurisdiction. However, we do not expect these requirements to affect our business significantly. The tax opinion addressed the satisfaction of these conditions. As a result, it may delay, change, or withdraw all or part of these policies. We believe we are well positioned to succeed in any environment. See "— Segments and Corporate & Other" for information on sales distribution. Interest rate increases may also harm our profitability. These may cause losses or impairments to the carrying value of our investments. We maintain a buffer of cash and other liquid assets, and may increase it. We may not accurately predict, prepare, and adjust to these changes. We may accelerate amortization in the period these occur. The controls of our vendors on whom we rely may not meet our standards or be adequate. Regulators, customers, or others may act against us for any cybersecurity failures.