Strategically Positioning Truist Insurance Holdings for Long-Term Success

TIH is an industry leader Insurance Brokerage Rankings¹ Rank Company 2021 U.S. Brokerage Revenue ($ B) Favorable Business Mix Compared to Competition Wholesale TIH 40%/60% 1 Marsh & McLennan $9.3 2 Aon $5.5 Retail 3 Arthur J. Gallagher $4.7 4 Willis Towers Watson $4.5 5 сл Brown & Brown $3.0 60 TIH $2.9 7 Acrisure $2.7 ✓ Inflation/social inflation 8 Alliant Insurance Services $2.6 9 Hub International $2.4 10 USI Insurance Services $2.1 1 Source: Business Insurance magazine; TIH also includes annuity revenue and Premium Finance Retail Wholesale Peer median 76% / 24% Multiple Levers for Growth Macro Drivers ✓ Increased risks ✓ P&C ✓Climate change ✓ Cyber Organic Growth ✓ Investments in talent, delivery model, and technology ✓ Scale industry verticals and grow underpenetrated verticals in Retail IRM Opportunities Truist clients: ✓ 10MM Retail ✓ 400K Commercial ✓ 30K Middle market ✓ 350K Wealth 2K CIB (only ~5- 10% penetration today) Strong alignment of industry verticals between TIH and CIB Future M&A ✓ Broad acquisition appetite across TIH's diversified business model TRUIST HH 7

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