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    David Barman

    Research Analyst at Bank of America

    No comprehensive public information is available confirming the existence of David Barman as an analyst at Bank of America with verifiable details regarding their career, coverage, or credentials. A thorough search returns no LinkedIn profile, research analyst track record, performance metrics, or indication of company coverage fitting your criteria. There is no evidence of a Bank of America analyst by this name with a relevant professional profile or registration in industry databases.

    David Barman's questions to AEGON (AEG) leadership

    David Barman's questions to AEGON (AEG) leadership • H2 2024

    Question

    David Barman asked for details on the moving parts supporting the reiterated 2025 Operating Capital Generation (OCG) guidance amid pressure in China, and about the significant increase in the US RBC ratio's equity sensitivity and potential mitigation strategies.

    Answer

    CFO Duncan Russell explained that the 2025 OCG guidance of €1.2 billion is based on the Q4 run-rate. Favorable performance in the US, UK, and Asset Management is offsetting weakness in the International segment, primarily a drag from China. Regarding RBC sensitivity, he attributed the increase to new tax positioning (DTA limits) and the flooring of variable annuity reserves under US statutory accounting, noting the high 443% ratio provides a substantial buffer.

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