Core Viewpoint - TWFG, Inc. is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][11]. Earnings Estimate Revisions - Analysts have shown increasing optimism regarding TWFG's earnings prospects, leading to higher earnings estimates that are expected to positively influence the stock price [2]. - For the current quarter, TWFG is projected to earn $0.20 per share, reflecting a 25.0% increase from the previous year's reported figure [7]. - Over the past 30 days, the Zacks Consensus Estimate for TWFG has risen by 9.8%, with two estimates moving higher and no negative revisions [7]. - For the full year, the earnings estimate stands at $0.93 per share, which is a 5.7% increase from the prior year [8]. - The consensus estimate for the current year has increased by 8.86%, supported by two upward revisions against one negative revision [9]. Zacks Rank and Performance - TWFG has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with strong stock performance [10]. - Stocks rated Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [10]. Recent Stock Performance - TWFG's stock has gained 7.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [11].

TWFG, Inc. (TWFG) closed the last trading session at $19.79, gaining 7.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $29.71 indicates a 50.1% upside potential.The mean estimate comprises seven short-term price targets with a standard deviation of $3.82. While the lowest estimate of $24.00 indicates a 21.3% increase from the current price level, the most optimistic analyst expe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ___________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 001-42177 ___________________________ Table of contents TWFG, Inc. (Exact name of regist ...

Core Insights - TWFG experienced significant growth in written premiums, driven by acquisitions and organic growth, with total written premium increasing by $82.0 million, or 22.7%, to $443.4 million in Q4 2025 [2][4] - The company reported a full-year revenue increase of 21.3% to $247.1 million, attributed to double-digit organic growth and successful acquisitions [3][7] - TWFG's management emphasized a strong M&A pipeline and plans for continued growth, projecting 2026 revenue between $285 million and $300 million, representing 15% to 20% growth [6][19] Financial Performance - In Q4 2025, total revenue rose by $17.1 million, or 33%, to $68.8 million, with organic revenue growth of approximately 11.7% [8][10] - Net income for the year increased by 76.2% to $14.4 million, with an adjusted EBITDA margin of 31.6% [10][11] - The company ended the year with unrestricted cash of $155.9 million and no borrowings on its revolving credit facility, indicating a strong balance sheet [11] Growth Strategies - TWFG's growth strategy includes acquisition-led expansion, with recent acquisitions such as TWFG MGA Florida and plans to acquire Loften Wells Insurance Agency and Asset Protection Insurance Associates [6][12][13] - The company is investing in technology and AI to enhance productivity, with a focus on integrating AI tools to improve quoting and underwriting workflows [5][16][17] - Management highlighted the importance of maintaining a disciplined approach to M&A while expanding its national footprint [12][14] Market Outlook - For 2026, TWFG anticipates continued organic revenue growth of 10% to 15%, supported by investments in technology and new AI tools [20] - The company noted a competitive soft market environment in auto insurance, while property pricing remains constrained in catastrophe-exposed areas [20][21] - Management expressed confidence in the current valuations, indicating a willingness to repurchase shares as part of their growth strategy [18]

Financial Data and Key Metrics Changes - For the full year 2025, total revenue increased by 21.3% to $247.1 million, driven by double-digit organic growth and strong performances across retail and MGA platforms [4] - Total written premium increased by $82 million, or 22.7%, to $443.4 million, with insurance services growing by 17.4% and TWFG MGA growing by 53.2% [16] - Net income rose by 76.2% to $14.4 million, with an adjusted net income increase of 58.9% to $16.7 million, equating to a margin of 24.3% [19] - Adjusted EBITDA increased by 56.9% to $21.7 million, with a margin of 31.6% [20] Business Line Data and Key Metrics Changes - Insurance services grew by $53.6 million, or 17.4%, to $361.3 million, while TWFG MGA saw a spike in growth of $28.5 million, or 53.2%, to $82.1 million [16] - Consolidated growth in renewals was $58.2 million, or 21.3%, and new business growth was $23.8 million, or 27.2%, maintaining a 92% retention rate [17] Market Data and Key Metrics Changes - The independent agent channel increased its total P&C market share from 57% to 61.5% since 2013, controlling 87.2% of all U.S. commercial lines premiums in 2025 [14] - The property and casualty market is a $1 trillion addressable market, evenly split between personal and commercial lines, with significant growth potential [14] Company Strategy and Development Direction - The company is focused on organic growth as its foundation, with M&A serving as a complementary growth lever, emphasizing disciplined acquisition strategies [6][7] - TWFG is investing in technology, particularly AI, to enhance agent productivity and improve service delivery [10][11] - The company plans to continue expanding its national footprint through recruiting and accretive acquisitions, with a recent agreement to acquire the Loften Wells Insurance Agency [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing double-digit organic growth and expanding margins, supported by a strong balance sheet and free cash flow [21][22] - The company anticipates total revenue growth of 15%-20% for 2026, with adjusted EBITDA margins expected to be in the range of 22%-25% [22] - Management highlighted the importance of human expertise in navigating complex insurance needs, which AI tools will complement rather than replace [9][10] Other Important Information - The company ended the year with unrestricted cash of $155.9 million and no borrowings on its revolving credit facility, providing flexibility for growth investments [20] - The company is prepared to repurchase up to $50 million of its own stock, reflecting confidence in current valuations [21] Q&A Session Summary Question: Can you help parse out the Florida MGA growth versus the underlying book? - Management indicated that the contribution from MGA Florida will be more significant in the second quarter, with organic growth expected to come from new homeowners program launches [26] Question: What is the outlook for M&A? - The M&A pipeline remains robust, with a focus on quality and cultural fit of targets, despite recent market reactions affecting larger transactions [43][44] Question: How is the softening rate environment impacting the business? - Management noted that the market is broadly softening, particularly in auto insurance, while some areas like wildfire-exposed regions still face pricing pressures [54][56] Question: How does AI impact the competitive landscape? - Management believes that AI will create efficiencies and potentially attract more independent agents to their model, benefiting from the technology advancements [64] Question: What is the margin profile of corporate and MGA business? - Corporate stores run between 30%-40% margins, while MGA programs can vary but mature programs typically achieve margins of 35%-50% [70]

TWFG (NasdaqGS:TWFG) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsBob Huang - Equity Research Executive DirectorGordy Bunch - Founder, Chairman, and CEOJanice Zwinggi - Chief Financial OfficerMolly Knoell - Equity Research AssociateConference Call ParticipantsMichael Zaremski - Senior Equity Research Analyst and Managing DirectorPablo Singzon - Equity Research AnalystPaul Newsome - Managing Director and Senior Research AnalystRowland Mayor - Senior Sell-Side Equity Research Analys ...

TWFG (NasdaqGS:TWFG) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Speaker5Good morning. My name is Fran, and I'll be your conference operator today. At this time, I would like to welcome everyone to the TWFG Fourth Quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star one on your telephone keypad. If you would lik ...

For the quarter ended December 2025, TWFG, Inc. (TWFG) reported revenue of $68.83 million, up 33% over the same period last year. EPS came in at $0.30, compared to $0.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $60.81 million, representing a surprise of +13.2%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

TWFG Announces Fourth Quarter and Full Year 2025 Results – Total Revenues increased 33.0% for the quarter over the prior year period to $68.8 million – – Organic Revenue Growth Rate* of 11.7% for the quarter – – Net income of $14.4 million for the quarter – – Adjusted EBITDA* increased 56.9% for the quarter over the prior year period to $21.7 million - – Share Repurchase Authorization approved for up to $50 million - THE WOODLANDS, Texas, February 25, 2026 (GLOBE NEWSWIRE) – TWFG, Inc. ("TWFG", the "Company ...

Core Insights - TWFG, Inc. reported a significant increase in total revenues, with a 33.0% rise for the fourth quarter of 2025 compared to the previous year, reaching $68.8 million [1][9] - The company achieved an organic revenue growth rate of 11.7% for the quarter, driven by new business production and expanded market access [10][11] - Net income for the quarter was $14.4 million, reflecting a net income margin of 20.9%, an increase from 15.8% in the prior year [13] - Adjusted EBITDA for the quarter increased by 56.9% to $21.7 million, with an adjusted EBITDA margin of 31.6% [14] Fourth Quarter 2025 Highlights - Commission income rose by 35.8% to $59.4 million compared to $43.7 million in the prior year [5] - Total written premiums increased by 22.7% to $443.4 million, driven by corporate branch acquisitions and growth across various platforms [8][9] - Adjusted net income for the quarter was $16.7 million, up 58.9% from the previous year, with an adjusted net income margin of 24.3% [13] Full Year 2025 Highlights - Total revenues for the year increased by 21.3% to $247.1 million, compared to $203.8 million in the prior year [9] - Commission income for the year rose by 20.6% to $221.0 million [9] - Net income for the year was $39.8 million, with a net income margin of 16.1% [13] - Total written premiums for the year increased by 17.3% to $1.7 billion [11] Strategic Initiatives - The company is focused on long-term growth through targeted recruiting, producer development, and acquisitions, aiming to expand its retail footprint and enhance its proprietary technology [6] - TWFG has authorized a share repurchase program of up to $50 million, reflecting confidence in its long-term growth outlook [17] - The company has entered into agreements to acquire the Loften Wells Insurance agency and Asset Protection Insurance Associates, enhancing its operational scale and specialty capabilities [18][19] 2026 Guidance - The company expects total revenues to grow by 15-20%, projecting between $285 million and $300 million [23] - Adjusted EBITDA margin is anticipated to be in the range of 22% to 25%, with an organic revenue growth rate expected between 10% to 15% [23]