earnings
confidence high
sentiment positive
materiality 0.65
TWFG Q3 revenue up 14.5% to $54.6M; Adjusted EBITDA up 29.7% to $11.7M
TWFG, Inc.
2024-Q3 EPS reported
$0.08
revenue$154,219,000
- Total Written Premium rose 13% to $400.1M; Organic Revenue Growth Rate 7.6%.
- Net income $6.9M (diluted EPS $0.08); Adjusted diluted EPS $0.15; Adjusted Net Income $8.3M.
- Completed IPO in July, raising $192.9M net from 12.65M shares at $17.00.
- Launched 86 new TWFG locations in Q3, entering 13 new states; agents take 2-3 years to become productive.
- Cash and equivalents $191.2M; $50M unused revolver capacity; term notes payable $6.4M.