Eastern Bankshares files pro forma financials for insurance operations sale to Arthur J. Gallagher

Eastern Bankshares, Inc.

Completed sale of Eastern Insurance Group LLC to Arthur J. Gallagher Risk Management Services on Oct 31, 2023.
Pro forma balance sheet as of Sep 30, 2023 and income statements for 2020-2023 remove EIG results.
EIG historical results will be reported as discontinued operations from Q3 2023 onward.
Pro forma adjustments exclude allocation of corporate overhead, interest expense, and future dis-synergies.

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