---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-089635"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:29:17.348700+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Truist completes $1.95B sale of 20% stake in insurance brokerage to Stone Point Capital

## Summary
- Sold 20% of Truist Insurance Holdings for $1.95B, implying a $14.75B total enterprise value.
- Truist retains 80% ownership; the deal boosts CET1 ratio by ~30 basis points.
- Transaction expected to be relatively neutral to earnings per share.
- Board: 4 Truist-appointed directors, 1 Stone Point appointee; John Howard remains Chairman & CEO.
- Mubadala Investment Company and other co-investors participated in the investment.

## SEC filing metadata
- accession: 0001193125-23-089635
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000119312523089635/0001193125-23-089635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000119312523089635/d480707d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-089635
- JSON: https://secwatch.observer/filing/0001193125-23-089635.json
- Plain text: https://secwatch.observer/filing/0001193125-23-089635.txt

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