BB&T insurance deal expected to net $200mn for Regions

Regions Financial expects the sale of its insurance group to
BB&T will result in an approximately $200mn after-tax gain, the
company said today in reporting its first quarter results.
The insurance group earned an $8mn after-tax profit in the
just-ended quarter, down from earning $15mn in the 2017 fourth
quarter, the Birmingham, Alabama-based US regional bank said.
The sale of Regions Insurance Group to Winston-Salem, North
Carolina-based BB&T, another regional US bank is expected to
clo