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This excerpt taken from the C 8-K filed Apr 15, 2005. Return on
capital. Return on common equity was 20%, while
return on risk capital was 40%.
• Discontinued Operations. On January 31, 2005, Citigroup announced the sale of substantially all of Life Insurance and Annuities. The sale transaction included the Argentine pension business previously recorded in Asset Management. Financial results for these businesses are presented as discontinued operations. Results of the Mexico life insurance business, which is not included in the sale transaction, are recorded in North America Retail Banking — Mexico.
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