---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-002395"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:43:04.932543+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Truist sells remaining stake in Truist Insurance Holdings for $15.5B enterprise value

## Summary
- Sold remaining stake in TIH at $15.5B enterprise value (~18x 2023 core EBITDA); expected cash proceeds ~$10.1B.
- Transaction expected to close Q2 2024, subject to regulatory approvals and customary conditions.
- Expected to increase CET1 ratio by 230 bps and tangible book value per share by $7.12 (33%).
- Expected to be ~$0.20 dilutive to 2024 EPS assuming proceeds reinvested at 4.5% yield.
- Buyer group led by Stone Point Capital, Clayton Dubilier & Rice, and Mubadala Investment Company.

## SEC filing metadata
- accession: 0000950103-24-002395
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000095010324002395/0000950103-24-002395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000095010324002395/dp207007_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-002395
- JSON: https://secwatch.observer/filing/0000950103-24-002395.json
- Plain text: https://secwatch.observer/filing/0000950103-24-002395.txt

## Key facts
- Material Agreements
  TRUIST FINANCIAL CORP entered into Equity Interest Purchase Agreement with Trident Butterfly Investor, Inc., Panther Blocker I, Inc., Panther Blocker II, Inc., Truist TIH Holdings, Inc., Truist TIH Partners, Inc., TIH Management Holdings, LLC, TIH Management Holdings II, LLC, Truist Insurance Holdings, LLC valued at enterprise value for Truist Insurance of $15.5 billion, and is expected to result in cash proceeds t (effective 2024-02-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Trident Butterfly Investor, Inc., Panther Blocker I, Inc., Panther Blocker II, Inc., Truist TIH Holdings, Inc., Truist TIH Partners, Inc., TIH Management Holdings, LLC, TIH Management Holdings II, LLC, Truist Insurance Holdings, LLC
  - Value: enterprise value for Truist Insurance of $15.5 billion, and is expected to result in cash proceeds t
  - Effective: 2024-02-20
  source text: On February 20, 2024, Truist Bank, a North Carolina-chartered state nonmember bank (“Truist”) and wholly owned subsidiary of Truist Financial Corporation (the “Company”), entered into an Equity Interest Purchase Agreement (the “Purchase Agreement”) by and among Truist, Trident Butterfly Investor, Inc., a Delaware corporation (“Buyer Entity 1”), Panther Blocker I, Inc., a Delaware corporation (“Buyer Entity 2”), Panther Blocker II, Inc., a Delaware corporation (together with Buyer Entity 1 and Buyer Entity 2, the “Buyer Entities”), Truist TIH Holdings, Inc., a Delaware corporation (“Truist Holdings”), Truist TIH Partners, Inc., a Delaware corporation (“Truist Partners”), TIH Management Holdings, LLC, a Delaware limited liability company (“Management Holdings”), TIH Management Holdings II, LLC, a Delaware limited liability company (“Management Holdings II”), and Truist Insurance Holdings, LLC, a Delaware limited liability company (“Truist Insurance”), pursuant to which Truist will sell i
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000095010324002395/0000950103-24-002395-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.