earnings
confidence high
sentiment positive
materiality 0.70
TWFG Q2 2024: Revenue up 17.4% to $53.3M; adj. EBITDA up 25.8% to $10.8M
TWFG, Inc.
2024-Q2 EPS reported
$20.54
revenue$99,579,000
- Total written premium grew 20.3% YoY to $393.6M; total revenue $53.3M (+17.4% YoY).
- Net income $6.9M (margin 13.0%) vs $7.1M; adjusted net income $9.8M (+18.1% YoY).
- Adjusted EBITDA $10.8M (+25.8% YoY); margin expanded to 20.2% from 18.8%.
- Organic revenue growth rate 13.8%; completed IPO in July 2024.
- Revised Adjusted Net Income methodology now excludes intangible amortization (add-back).