Truist completes sale of Insurance Holdings, recasts 2023 financials

TRUIST FINANCIAL CORP

Sold remaining equity interests in Truist Insurance Holdings (TIH) on May 6, 2024.
2023 Form 10-K recast to present TIH as discontinued operations for all periods.
Segment realignment effective Jan 1, 2024: Consumer renamed CSBB, Corporate renamed WB; Wealth moved to WB, small business to CSBB.
Recast includes MD&A and financial statements; other sections unchanged; not an amendment.

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