TWFG, Inc. Class A ( (TWFG) ) has released its Q4 earnings. Here is a breakdown of the information TWFG, Inc. Class A presented to its investors.
TWFG, Inc. is a high-growth insurance distribution company based in The Woodlands, Texas, providing personal and commercial insurance services across the United States. The company represents numerous insurance carriers and is known for its independent distribution platform.
TWFG, Inc. reported a strong financial performance for the fourth quarter and full year of 2024, with significant increases in total revenues and adjusted EBITDA. The company saw a 30.8% rise in total revenues for the quarter, reaching $51.7 million, and a 91.7% increase in adjusted EBITDA to $13.8 million.
Key financial metrics for the fourth quarter include a 20.0% increase in total written premium to $361.4 million and a 20.5% organic revenue growth rate. The company also reported a net income of $8.2 million for the quarter, up from $5.2 million in the previous year. For the full year, total revenues rose by 18.4% to $203.8 million, with adjusted net income increasing by 9.8% to $33.0 million.
TWFG’s strategic growth was supported by both recruitment and acquisitions, expanding its presence across numerous states. The company launched over 100 new branches in 2024, although it does not expect these to significantly impact revenues immediately.
Looking ahead, TWFG anticipates continued growth with an expected organic revenue growth rate of 11% to 16% for 2025. The company remains focused on strategic acquisitions and expanding its market presence to drive long-term growth.
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