Strategically Positioning Truist Insurance Holdings for Long-Term Success
Highlighting the significant value of TIH and Truist
Addresses Multiple Differential of Business Segments...
...Highlighting Value of TIH and Truist
Valuation Multiples
(Price/2022 EPS, X)
27.4x
10.5×
9.7x
TIH
Valuation¹
Regional Bank
Median²
Truist
Current
Note: Market data as of 2/10/23
1 Represents TIH valuation based on minority stake investment
Illustrative Truist Sum-of-the-Parts Valuation
($ B)
$59
$14.75
$74
15%
higher than
current
market cap
$64
Current
market
cap
Implied Value
of Truist ex. TIH³
Value
of TIH 1
Implied Truist
Market Value
2 Represents the median multiple of regional banks: CFG, CMA, FITB, HBAN, KEY, MTB, PNC, RF, USB, and ZION
3 Implied value of Truist ex. TIH based on current Truist price/ 2022 EPS multiple of 9.7x applied to Truist 2022 adjusted earnings less TIH earnings
TRUIST HH
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