The company said the book value of its Argentine bond investments was $294.9 million as of March 31, 2024. Of this, inflation-linked securities totaled $172.8 million, and other Argentine bonds totaled $122.1 million.

1. 01

   The company said the book value of its Argentine bond investments was $294.9 million as of March 31, 2024. Of this, inflation-linked securities totaled $172.8 million, and other Argentine bonds totaled $122.1 million.

2. 02

   W. R. Berkley said $112.9 million of the $122.1 million in other Argentine bonds are denominated in U.S. dollars. The measurement date is March 31, 2024.

3. 03

   The company said pre-tax net investment income from Argentine inflation-linked securities for the quarter ended March 31, 2024 was $96.2 million. It said the income increased after the Argentine government adjusted the inflation rate in late 2023.

4. 04

   The company presented its best estimate of pre-tax net investment income from Argentine inflation-linked securities for Q2 2024 at $45 million to $65 million. It said it is difficult to project future periods due to uncertainty in Argentine inflation rates.

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Original filing

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