“But that being said, we believe that the guidance we provided is still a reasonable run rate for the remaining of the year for the region.”

In context

“hird-party distribution, so that continued momentum across the region really reflects the strength and diversity of our distribution channels and product offerings combined with the technology investments that allow us to continue to differentiate for our customers and our distribution channel. So overall, we believe we're really well positioned in the region to capture the growth opportunities that these markets that are still underpenetrated and underserved have to offer. Now going back to this quarter's results and your question particularly: This was another strong quarter on the heels of a record year, but as mentioned by John, this quarter strong results included about roughly $20 million of favorable underwriting really driven by seasonality and overall favorable claims experience. But that being said, we believe that the guidance we provided is still a reasonable run rate for the remaining of the year for the region. So I hope this helps, I give you a little bit more context around LatAm. Erik Bass: Yes. Thank you. Operator: Next we go to the line of Tracy Benguigui with Barclays. Please go ahead. Tracy Benguigui: Good morning. Just want to touch upon VII. In today's environment, do you still feel like $500 million of quarterly alternative asset returns is still an appropriate run rate? And if you can also touch upon what you're seeing intra quarter? Steven Goulart: Hi, Tracy. It's Steve. I guess I'd go back to how we talk about VII fairly consistently. And recall, we're not trying to predict quarterly, monthly, interim returns. I mean we really set our projection based on our long-term performance track record in the classes. And that's how we've come to the 12% number, 3% a quarter. So that's always”