| TWFG Announces First Quarter 2025 Results |
THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- – Total Revenues increased 16.6% for the quarter over the prior year period to $53.8 million – – Total Written Premium increased 15.5% for the quarter over the prior year period to $371.0 million – – Organic Revenue Growth Rate* of 14.3% for the quarter – – Net income of $6.9 million for the quarter – – Adjusted EBITDA* increased 35.3% for the quarter over the prior year period to $12.2 million – THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) – TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total revenues for the quarter increased 16.6% to $53.8 million, compared to $46.1 million in the prior year period Commission income for the quarter increased 14.7% to $48.8 million, compared to $42.5 million in the prior year period Net income for the quarter was $6.9 million, compared to $6.6 million in the prior year period, and net income margin for the quarter was 12.7% Diluted Earnings Per Share for the quarter was $0.09 and Adjusted Diluted Earnings Per Share* for the quarter was $0.16 Total Written Premium for the quarter increased 15.5% to $371.0 million, compared to $321.3 million in the prior year period Organic Revenue Growth Rate* for the quarter was 14.3% Adjusted Net Income* for the quarter increased 14.3% from the prior year period to $9.2 million, and Adjusted Net Income Margin* for the quarter was 17.1% Adjusted EBITDA* for the quarter increased 35.3% over the prior year period to $12.2 million, and Adjusted EBITDA Margin* for the quarter was 22.6% compared to 19.5% in the prior year period *Organic Revenue Growth Rate, Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow and Adjusted Diluted Earnings Per Share are non-GAAP measures. |
globenewswire.com |
2025-05-13 21:44:00 |
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| TWFG, Inc. To Announce First Quarter 2025 Financial Results on Tuesday, May 13, 2025. |
THE WOODLANDS, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (NASDAQ: TWFG), a leading independent insurance distribution platform, announced today that it will release its financial results for the first quarter ended March 31, 2025, after the market closes on Tuesday, May 13, 2025. The Company will host a conference call to discuss its financial results the following morning, Wednesday, May 14, 2025, at 8:00 a.m. |
globenewswire.com |
2025-05-05 19:21:00 |
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| TWFG Insurance Acquires Agencies in Texas and North Carolina, and Adds Innovative Agency Owner, Denise Davis, as Vice President of Retail Operations |
THE WOODLANDS, Texas, May 01, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (“TWFG”, the “Company”), a high-growth insurance distribution company, announced today the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations. Denise Davis Insurance, located in Tomball, Texas, converted to a TWFG Corporate Branch on April 1, 2025, after nearly 23 years as an independent TWFG Branch. |
globenewswire.com |
2025-05-01 21:17:00 |
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| TWFG Announces Fourth Quarter 2024 and Full Year Results |
– Total Revenues increased 30.8% for the quarter over the prior year period to $51.7 million – – Total Written Premium increased 20.0% for the quarter over the prior year period to $361.4 million – – Organic Revenue Growth Rate* of 20.5% for the quarter – – Diluted Earnings Per Share and Adjusted Diluted Earnings Per Share* of $0.11 and $0.19 for the quarter, respectively – – Adjusted EBITDA* increased 91.7% for the quarter over the prior year period to $13.8 million – |
globenewswire.com |
2025-03-19 18:01:00 |
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| TWFG to Announce Fourth Quarter and Full-Year 2024 Financial Results on March 19, 2025 |
THE WOODLANDS, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (NASDAQ: TWFG), a leading independent insurance distribution platform, announced today that it will release its fourth quarter and full-year 2024 financial results on Wednesday, March 19, 2025, after the market closes. TWFG will host a conference call and live webcast to discuss its results on Thursday, March 20, 2025, at 9:00 AM Central Time (10:00 AM Eastern Time). |
globenewswire.com |
2025-03-13 13:39:00 |
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| TWFG Announces Unaudited Preliminary Fourth Quarter and Full Year 2024 Financial Results |
THE WOODLANDS, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced preliminary unaudited financial highlights for the fourth quarter and full year ended December 31, 2024. The following results are preliminary, unaudited estimates and are subject to change. The Company is currently finalizing its fourth quarter and year end 2024 results, and as a result, these preliminary estimates are based solely on information available to management as of the date of this press release. The Company's actual results may differ from these estimates due to the completion of its closing procedures, final adjustments and developments that may arise or information that may become available between now and the time the Company's financial results are finalized. |
globenewswire.com |
2025-02-28 20:28:00 |
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| TWFG Inc. Appoints Eugene Padgett to Join Its Leadership Team as Chief Accounting Officer |
THE WOODLANDS, Texas , Jan. 23, 2025 /PRNewswire/ -- TWFG, Inc. (NASDAQ: TWFG), announced today that Eugene "Gene" Padgett, former Senior Vice President and Chief Accounting Officer with U.S. Silica, has joined TWFG's Leadership Team as Chief Accounting Officer. He brings to TWFG over 30 years of progressive experience in accounting and financial management across diverse industries, and a strong track record of enhancing organizational performance through strategic financial planning, SEC reporting, and compliance. |
prnewswire.com |
2025-01-23 19:16:00 |
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| TWFG Announces Third Quarter 2024 Results |
– 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 – |
globenewswire.com |
2024-11-12 22:07:00 |
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| TWFG Inc. to Report 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. |
prnewswire.com |
2024-10-28 18:01:00 |
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| TWFG Announces Second 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. |
prnewswire.com |
2024-08-27 20:01:00 |
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| TWFG Inc. to Report 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. |
prnewswire.com |
2024-08-21 21:50:00 |
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| U.S. IPO Weekly Recap: Insurance And Healthcare Lead A 4 IPO Week |
A handful of IPOs priced this past week, led by three sizable names. One large issuer joined both the pipeline and the calendar - Chile-based LATAM Airlines Group. Six IPOs are scheduled to list in the week ahead and are set to raise a combined $5.1 billion, the most for any week so far this year. One SPAC is also set to debut. |
seekingalpha.com |
2024-07-20 08:50:00 |
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| TWFG Insurance Announces Closing of its Initial Public Offering |
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. |
prnewswire.com |
2024-07-19 20:53:00 |
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| TWFG Insurance Shares Jump on IPO Day |
TWFG Insurance (TWFG) shares jumped some 30% from their IPO price in the company's first day trading on the Nasdaq Global Select Market. |
investopedia.com |
2024-07-18 21:05:38 |
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| Insurance broker TWFG's shares rise nearly 30% in market debut |
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. |
reuters.com |
2024-07-18 16:38:49 |
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| TWFG Insurance's stock indicated to open 26% above IPO price in trading 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. |
marketwatch.com |
2024-07-18 16:01:00 |
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| TWFG Insurance IPO prices above range ahead of trading debut as IPO market heats up |
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. |
marketwatch.com |
2024-07-18 11:44:00 |
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| Insurance broker TWFG prices US IPO above range to raise about $187 mln |
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. |
reuters.com |
2024-07-18 00:33:31 |
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| TWFG Insurance Announces Pricing of its Initial Public Offering |
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. |
prnewswire.com |
2024-07-17 23:39:00 |
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| U.S. IPO Weekly Recap: 2 SPACs Debut In Quiet Post-Holiday Week |
Two SPACs debuted this week, and one company completed an uplisting from the OTC. Meanwhile, three IPOs and two SPACs submitted initial filings this past week. After a quiet post-holiday week, the July IPO market is set to bag its first major deals in the week ahead. Street research is expected for one company in the week ahead, and one lock-up period will be expiring. |
seekingalpha.com |
2024-07-13 05:25:00 |
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| TWFG Announces Launch of Initial Public Offering |
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"). |
prnewswire.com |
2024-07-09 11:33:00 |
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| U.S. IPO Weekly Recap: 2Q IPO Market Closes Out With Sizable Pricings And Pipeline Additions |
The IPO market closed out June with four deals, three of which raised $100+ million. In the pipeline, nine companies submitted initial filings, led by what could be the largest IPO of 2024 to date. Web comic platform WEBTOON Entertainment (WBTN) led the week's deals, pricing at the high end to raise $315 million at a $2.8 billion market cap. |
seekingalpha.com |
2024-07-01 15:51:00 |
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