Strategically Positioning Truist Insurance Holdings for Long-Term Success

Strong capital generation Preserving future flexibility Strong Capital Generation CET1 Ratio +32 bps 9.3% 9.0% Truist Pro Forma Accretive to Tangible Book Value Tangible Book Value Per Share $18.04 Truist +6% $19.07 Pro Forma EPS Neutral Transaction Initially; Accretion Over Time Adjusted Earnings Per Share ($, 2022) $4.96 GAAP $4.43 $4.96 Treatment of Noncontrolling Interest - Above-the-line - Truist continues to consolidate TIH - No impacts to P&L line items with exception of higher interest income from reinvestment of proceeds - No changes to fee income contribution from TIH given consolidation accounting · Below-the-line - Minority stake sale creates noncontrolling interest (NCI) equal to ~20% of TIH net income NCI impact entirely offset by reinvestment of proceeds¹ Truist Pro Forma¹ 1 Assumes reinvestment of cash proceeds at 4.00% TRUIST HH 10

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