Core Insights - TWFG, Inc. reported a total revenue increase of 21.3% year-over-year for Q3 2025, reaching $64.1 million, driven by strong organic growth and improved market conditions [1][6][14] - The company achieved a net income of $9.6 million for the quarter, reflecting a net income margin of 15.0%, up from 13.0% in the previous year [10][11] - Adjusted EBITDA rose 44.7% to $17.0 million, with an adjusted EBITDA margin of 26.5%, indicating effective cost management and operational scalability [11][14] Financial Performance - Total Written Premiums increased by 16.9% to $467.7 million compared to $400.1 million in the same period last year, supported by acquisitions and expansion efforts [5][6] - Organic Revenue Growth Rate for the quarter was 10.2%, driven by new business production and improved retention levels [8][40] - Adjusted Net Income increased by 55.3% to $13.0 million, with an adjusted net income margin of 20.2% [10][11] Operational Highlights - The company added eight new retail locations and 370 independent agents to its MGA platform during the quarter, enhancing its distribution capabilities [3][4] - TWFG's diversified distribution platform, which includes independent agency operations and proprietary MGA programs, continues to perform well amid stabilizing pricing trends in the insurance market [4][5] - The company anticipates continued double-digit organic growth and accretive M&A activity throughout 2026, supported by favorable market conditions [14][17] Market Conditions - The personal and commercial lines markets are normalizing, leading to improved retention rates and stronger client demand [3][4] - The company is experiencing enhanced carrier capacity, which positions it well for sustained, profitable growth [3][4]
TWFG Announces Third Quarter 2025 Results