---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-040708"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T10:10:02.592302+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Truist sells 20% minority stake in Truist Insurance Holdings for $1.95B, valuing unit at $14.75B

## Summary
- Truist sells 20% stake in insurance unit to Stone Point Capital for $1.95B in cash; Mubadala and others co-invest.
- Deal values Truist Insurance Holdings at $14.75B enterprise, or 17.2x 2022 adj. EBITDA and 27.4x adj. earnings.
- Closing expected Q2 2023; Truist keeps 80% ownership, forms 5-person board with 4 Truist appointees.
- Transaction expected to increase CET1 ratio by 32 bps, be 6% accretive to TBV per share, and neutral to EPS.
- TIH CEO John Howard receives base salary increase to $1M, target cash incentive at 230% of base, and ~$17.5M equity award.

## SEC filing metadata
- accession: 0001193125-23-040708
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000119312523040708/0001193125-23-040708-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000119312523040708/d468222d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-040708
- JSON: https://secwatch.observer/filing/0001193125-23-040708.json
- Plain text: https://secwatch.observer/filing/0001193125-23-040708.txt

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