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    Jason Kalamboszis

    Vice President and Equity Analyst at ING

    Jason Kalamboszis is a Vice President and Equity Analyst at ING, specializing in the European banking and financial services sector. He provides in-depth coverage of major firms including Deutsche Bank, BNP Paribas, Crédit Agricole, and Santander, and has delivered research recognized for its rigorous analytics and market impact, with a strong record of accurate investment calls and consistently positive review scores on platforms like Institutional Investor. Jason began his finance career in research roles at UBS and Commerzbank before joining ING in 2018, and he has since advanced to a leadership role within the research team. He holds FINRA Series 7 and Series 63 licenses, and is noted for his expertise in financial modeling and regulatory analysis.

    Jason Kalamboszis's questions to AEGON (AEG) leadership

    Jason Kalamboszis's questions to AEGON (AEG) leadership • H1 2024

    Question

    Jason Kalamboszis of ING asked if OCG guidance has a positive bias from experience variances, despite a zero assumption, and requested the H2 outlook for OCG from financial assets. He also inquired about a potential sales rebound in Spain and the timing for the next capital return update.

    Answer

    CEO Lars Frieser noted that sales in Spain should gradually recover as interest rates ease. On capital returns, he highlighted the ongoing €200M buyback and reiterated the policy to return excess capital over time, with evaluations being continuous. CFO Matt Rider explained the OCG run-rate normalizes to about €290M per quarter and that assumption changes have a minor impact, with business growth being the key driver.

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