Atlantic Union Bankshares Completes Sale of Bearing Insurance Group Interest

Atlantic Union Bankshares Corporation announced on May 1, 2026 that it completed the sale of its interest in Bearing Insurance Group, LLC to an unaffiliated third party. The transaction involved the company's indirect subsidiary, Union Insurance Group, LLC, and became effective on May 1, 2026. The company estimates it will recognize a pre-tax gain of approximately $32.3 million from this transaction, which will be included in its financial results for the second quarter of 2026. The filing includes forward-looking statements regarding the expected financial impact of the transaction, with cautionary notes about potential risks and uncertainties that could cause actual results to differ from expectations. The company notes that the expected gain may be subject to post-closing purchase price adjustments and other factors beyond its control.