Strategically Positioning Truist Insurance Holdings for Long-Term Success
Executive summary
Overview
Truist Insurance Holdings (TIH) is the 6th largest
U.S. insurance broker with scale, strong organic
growth, and attractive operating margins
Selling 20% minority stake in TIH (excluding
Premium Finance) to Stone Point Capital and
co-investors at a $14.75B aggregate valuation
$9.75B common equity value and $5.0B
intercompany preferred equity
✓ Represents 17.2x 2022 adjusted EBITDA
and 27.4x 2022 adjusted earnings
✓ Forward-focused transaction to support growth
Stone Point represents a blue-chip investor
with a strong track record and expertise in the
financial institutions and insurance brokerage
industry
✓ Strong alignment on strategy and vision
Strategic Rationale
New ownership structure, combined with
significant expertise of Stone Point,
creates additional opportunities to
support growth
✓ Highlights significant value of insurance
business
✓ Strengthened incentive program improves
ability to attract, incent, and retain top
talent and realize TIH's full potential
✓ Preserves strategic flexibility and future
upside in TIH
Continued focus on Integrated
Relationship Management (IRM)
Financial Impact
Creates +32 bps of CET1 capital
✓ +6% tangible book value per share accretion
Enhances EPS growth potential
✓ Truist will continue to consolidate TIH,
providing strong ongoing benefits
TRUIST HH
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