TWFG Inc

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TWFG Inc reports robust Q3 growth and eyes strategic acquisitions

TWFG Inc demonstrated strong growth in revenue and expansion in Q3, despite some profitability challenges.
The company's focus on new locations, acquisitions, and financial readiness bodes well for future growth.
TWFG needs to address expense management and profitability to sustain its growth trajectory.
Overall, TWFG's performance in Q3 reflects a mix of strengths, challenges, and promising opportunities.

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TWFG, Inc. engages in the provision of personal and commercial insurance products. Its products primarily consist of personal and commercial lines, including auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicles, flood, wind, event, luxury items, general liability, property, business auto, workers’ compensation, business owner policy, professional liability, commercial bonds, and group benefits. The company was founded by Richard F. Bunch III in 2001 and is headquartered in The Woodlands, TX.

– Completed IPO in July 2024, raising $192.9 million in net proceeds through the issuance of 12,650,000 shares of Class A common stock at $17.00 per share – – Total Written Premium increased 13.0% over the prior year period to $400.1 million – – Total Revenue increased 14.5% over the prior year period to $54.6 million – – Organic Revenue Growth Rate* of 7.6% – – Net Income of $6.9 million – – Diluted Earnings Per Share and Adjusted Diluted Earnings Per Share* of $0.08 and $0.15 , respectively – – Adjusted EBITDA* increased 29.7% over the prior year period to $11.7 million –

TWFG Announces Third Quarter 2024 Results

THE WOODLANDS, Texas , Oct. 28, 2024 /PRNewswire/ -- TWFG Inc. ("TWFG" or the "Company") (NASDAQ: TWFG), announced today that it will report its third quarter 2024 financial and operating results after the market close on Tuesday, November 12, 2024. The Company will hold a conference call to discuss the results at 9am ET on Wednesday, November 13.

TWFG Inc. to Report Third Quarter 2024 Results

– Total Written Premium increased 20.3% over the prior year period to $393.6 million – – Total Revenue increased 17.4% over the prior year period to $53.3 million – – Organic Revenue Growth Rate* of 13.8% – – Net Income of $6.9 million – – Adjusted Net Income* increased 18.1% over the prior year period to $9.8 million – – Adjusted EBITDA* increased 25.8% over the prior year period to $10.8 million – – Completed Initial Public Offering in July 2024 – THE WOODLANDS, Texas , Aug. 27, 2024 /PRNewswire/ -- TWFG, Inc. ("TWFG" or the "Company") (NASDAQ: TWFG), a high-growth insurance distribution company, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total Written Premium for the quarter increased 20.3% to $393.6 million, compared to $327.2 million in the same period in the prior year Total revenues for the quarter increased 17.4% to $53.3 million, compared to $45.4 million in the same period in the prior year Organic Revenue Growth Rate* for the quarter was 13.8% Net income for the quarter was $6.9 million, compared to $7.1 million in the same period in the prior year Adjusted Net Income* for the quarter increased 18.1% over the prior year period to $9.8 million, and Adjusted Net Income Margin* for the quarter was 18.4% Adjusted EBITDA* for the quarter increased 25.8% over the prior year period to $10.8 million, and Adjusted EBITDA Margin* for the quarter was 20.2% Cash flow from operating activities for the quarter was $7.4 million, compared to $6.9 million in the same period in the prior year Adjusted Free Cash Flow* for the quarter was $3.7 million, compared to $1.9 million in the same period in the prior year *Organic Revenue Growth Rate, Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Free Cash Flow are non-GAAP measures.

TWFG Announces Second Quarter 2024 Results

THE WOODLANDS, Texas , Aug. 21, 2024 /PRNewswire/ -- TWFG Inc. ("TWFG" or the "Company") (NASDAQ: TWFG), announced today that it will report its second quarter 2024 financial and operating results after the market close on Tuesday, Aug 27, 2024. The Company will hold a conference call to discuss the results at 9am ET on August 28th.

TWFG Inc. to Report Second Quarter 2024 Results

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U.S. IPO Weekly Recap: Insurance And Healthcare Lead A 4 IPO Week

THE WOODLANDS, Texas , July 19, 2024 /PRNewswire/ -- TWFG, Inc. ("TWFG") today announced the closing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $17.00 per share, before underwriting discounts and commissions, for gross proceeds of $187.0 million. Additionally, TWFG has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

TWFG Insurance Announces Closing of its Initial Public Offering

TWFG Insurance (TWFG) shares jumped some 30% from their IPO price in the company's first day trading on the Nasdaq Global Select Market.

TWFG Insurance Shares Jump on IPO Day

Insurance broker TWFG's shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery.

Insurance broker TWFG's shares rise nearly 30% in market debut

The stock of TWFG Insurance Inc. TWFG, +27.24% was indicated to open at $21.50 in its trading debut Thursday, or 26% above the company's initial public offering price of $17. That price was above the company's proposed price range of $14 to $16.

TWFG Insurance's stock indicated to open 26% above IPO price in trading debut

TWFG Insurance Inc. said Thursday it's initial public offering priced at $17 a share, above its proposed price range of $14 to $16 a pop.

TWFG Insurance IPO prices above range ahead of trading debut as IPO market heats up

Insurance broker TWFG , backed by U.S. reinsurer RenaissanceRe , said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million.

Insurance broker TWFG prices US IPO above range to raise about $187 mln

THE WOODLANDS, Texas , July 17, 2024 /PRNewswire/ -- TWFG, Inc. ("TWFG") today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $17.00 per share, before underwriting discounts and commissions, for gross proceeds of $187.0 million. Additionally, TWFG has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

TWFG Insurance Announces Pricing of its Initial Public Offering

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U.S. IPO Weekly Recap: 2 SPACs Debut In Quiet Post-Holiday Week

THE WOODLANDS, Texas , July 9, 2024 /PRNewswire/ -- TWFG, Inc. ("TWFG") today announced the launch of its initial public offering of its Class A common stock. TWFG is offering 11,000,000 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission ("SEC").

TWFG Announces Launch of Initial Public Offering

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