other material
confidence high
sentiment neutral
materiality 0.65
W.R. Berkley discloses $294.9M Argentine bond exposure; Q2 inflation-linked income estimate $45-65M
BERKLEY W R CORP
- Book value of Argentine bonds was $294.9M as of March 31, 2024; $172.8M in inflation-linked securities.
- Q1 2024 pre-tax net investment income from inflation-linked securities was $96.2M.
- Q2 2024 estimated pre-tax net investment income from inflation-linked securities: $45M to $65M.
- Uncertainty due to Argentine inflation rates; proceeds from Q1 maturities reinvested.