TWFG INC Stock Price, News & Analysis

TWFG reported strong Q4 2024 and full-year financial results, with significant growth across key metrics. Q4 total revenues increased 30.8% to $51.7 million, while total written premium rose 20% to $361.4 million. The company achieved a notable organic revenue growth rate of 20.5% for the quarter.

Q4 highlights include net income of $8.2 million (up from $5.2 million YoY), commission income growth of 20.7% to $43.7 million, and a 371.4% increase in contingent income to $5.0 million. Adjusted EBITDA surged 91.7% to $13.8 million, with margin expanding to 26.8%.

For full-year 2024, TWFG reported total revenues of $203.8 million (+18.4% YoY), net income of $28.6 million, and total written premium of $1.5 billion (+18.3% YoY). The company expanded its presence through both recruitment and strategic acquisitions across 15 states. For 2025, TWFG projects revenues between $235-250 million with organic growth rate of 11-16%.

TWFG (NASDAQ: TWFG), a leading independent insurance distribution platform, has scheduled the release of its fourth quarter and full-year 2024 financial results on March 19, 2025, after market close. The company will host a conference call and live webcast to discuss the results on March 20, 2025, at 9:00 AM Central Time (10:00 AM Eastern Time).

Interested participants can register for the call through a provided link to receive dial-in details. A live webcast will be accessible through the Investor Relations section of TWFG's website at investors.twfg.com, with a replay available for a time after the event.

TWFG has released preliminary unaudited financial results for Q4 and full-year 2024. The insurance distribution company projects Q4 revenue between $49-51 million, representing a 23.8-28.9% increase from Q4 2023. Full-year 2024 revenue is expected to reach $201-203 million, up 16.5-18.2% year-over-year.

The company anticipates Q4 written premium of $361 million, a 20% increase from Q4 2023, while full-year written premium is projected at $1.5 billion, up 18% from 2023. The Organic Revenue Growth Rate is estimated at 20.2-20.8% for Q4 and 14-15% for full-year 2024. Complete financial results will be released mid-March 2025.

TWFG (NASDAQ: TWFG) has announced the appointment of Eugene 'Gene' Padgett as its new Chief Accounting Officer. Padgett, who previously served as Senior Vice President and Chief Accounting Officer at U.S. Silica, joins TWFG with over 30 years of experience in accounting and financial management across various industries. His expertise includes strategic financial planning, SEC reporting, and compliance. In his new role, Padgett will report directly to Chief Financial Officer Janice Zwinggi.

TWFG reported strong Q3 2024 results with total revenue increasing 14.5% to $54.6 million and total written premium rising 13.0% to $400.1 million compared to the previous year. The company achieved an organic revenue growth rate of 7.6% and Adjusted EBITDA grew 29.7% to $11.7 million. Net income was $6.9 million with diluted EPS of $0.08. The company completed its IPO in July 2024, raising $192.9 million through the issuance of 12.65 million shares at $17.00 per share. TWFG expanded its presence by launching 86 new locations across 13 new states during the quarter.

TWFG announced it will release its Q3 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call to discuss the results at 9am ET on Wednesday, November 13. Participants can register for dial-in details through a provided link, and a live webcast will be available on TWFG's investor relations website. A replay of the webcast will remain accessible for one year following the call.

TWFG, a high-growth insurance distribution company, announced strong Q2 2024 results. Total Written Premium increased 20.3% to $393.6 million, while Total Revenue grew 17.4% to $53.3 million. The company achieved an Organic Revenue Growth Rate of 13.8%. Net Income was $6.9 million, with Adjusted Net Income up 18.1% to $9.8 million. Adjusted EBITDA increased 25.8% to $10.8 million.

TWFG completed its Initial Public Offering in July 2024. The company converted nine branches to corporate locations and welcomed 44 experienced former captive agents. CEO Gordy Bunch noted signs of improved underwriting margins at carrier partners and increased underwriting appetite, which bodes well for new business opportunities.

TWFG Inc. (NASDAQ: TWFG) has announced it will release its second quarter 2024 financial and operating results after market close on Tuesday, August 27, 2024. The company will host a conference call to discuss these results at 9:00 AM ET on Wednesday, August 28, 2024. Interested parties can register for the call to receive dial-in details. Additionally, a live webcast of the conference call will be available on TWFG's investor relations website at investors.twfg.com. For those unable to attend live, a webcast replay will be accessible on the same website for one year following the call.

TWFG Insurance has successfully closed its initial public offering (IPO), raising $187.0 million in gross proceeds by selling 11,000,000 shares of Class A common stock at $17.00 per share. The company's shares began trading on the Nasdaq Global Select Market under the symbol 'TWFG' on July 18, 2024. TWFG received net proceeds of approximately $168.3 million after deducting underwriting discounts and commissions.

The company plans to use the proceeds to repay outstanding debt, fund potential strategic acquisitions, and for general corporate purposes. J.P. Morgan, Morgan Stanley, BMO Capital Markets, and Piper Sandler acted as joint lead book-running managers for the offering.