Stone Point finalizes minority acquisition of Truist Insurance
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Stone Point finalizes minority acquisition of Truist Insurance

Kyoung-son Song
April 03, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Truist logo on the top of Truist Place in Tampa, FL, USA.

Truist has completed the sale of a 20% stake in subsidiary Truist Insurance Holdings to private equity firm Stone Point Capital for $1.95bn.

The sale represents an aggregate value of $14.75bn and increases Truist's common equity Tier 1 ratio by approximately 30 basis points.

Mubadala

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsBrokersM&ATruist
headshot template (23).png
Kyoung-son Song
Senior Reporter
Contact
Gift this article