Truist Financial Corporation · NYSE:TFC
Truist Financial — BB&T — Merger or Acquisition (February 2012)
6 slides from Truist Financial's merger presentation, Feb 6, 2012
Slide 1: BB&T Corporation Acquisition of Crump Group Life and P&C Insurance Operations
" Best Bank In Town BB&I Since 1872 BB&T Corporation hel a ape of Crump Group, Inc a nd Property and Casualty Insurance Operations #1 Wholesale Insurance Broker #1 Independent Wholesale Distributor of Life Insurance February 3, 2012
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains forward-looking statements with respect to the financial condition, results of operations and businesses of BB&T. Statements that are not historical or current facts or statements about beliefs and expectations are forward- looking statements. W
Slide 3: Acquisition of Crump Group: Strategically Compelling
Acquisition of Crump Group, Inc.’s Life and P&C Insurance Operations p Strategically Compelling BB&T is acquiring Crump Life Insurance Services and Crump P&C Insurance Services (“Crump”) from J.C. Flowers & Co. (1) The transaction provides stability to BB&T s overall insurance earnings BB&T’s st
Slide 4: Acquisition of Crump Group: Meets Financial Targets
Acquisition of Crump Group, Inc.’s Life and P&C Insurance Operations p Meets Financial Targets Acquisition strengthens BB&T’s fee income businesses and creates strategic synergies with CRC and BB&T’s Wealth Division y approximately Increases total insurance revenue by pp y 30% Expected to cont
Slide 5: BB&T Insurance Overview
BB&T Insurance Overview BB&T Insurance will be composed of 8 separate and complementary subsidiaries BB&T Insurance Services, Inc. – 100 retail insurance agency locations in the BB&T footprint. Key unit for carrying out Integrated Relationship Management strategy (IRM). Multi-line insurance offeri
Slide 6: Acquisition Drives Insurance Revenue Diversification
Acquisition Drives Insurance Revenue Diversification BB&T Insurance Revenue by Product Line BB&T & Crump Pro Forma Revenues by Product Line1 Life Personal Life Personal EB 1% 6% EB 13% Commercial 5% 12% 9% Title 38% Commercial 2% 30% Title MGA 2% 10% MGA 12% MGU 9% Wholesale MGU Underwriting 7% Whol