TWFG · TWFG, Inc. Common Stock

TWFG reported a strong first quarter for 2026, with total revenues increasing 35.3% to $72.8 million, driven by acquisitions (corporate branches, APIA, and TWFG MGA FL) and double-digit organic growth. Net income nearly doubled to $13.1 million from $6.9 million, reflecting improved operating leverage. Adjusted EBITDA surged 73.9% to $21.2 million, with margin expanding 650 basis points to 29.1%, aided by higher-margin MGA operations and recent acquisitions. Organic Revenue Growth Rate was 10.1%, supported by new business production, rate moderation, and expanded market access. Total Written Premium grew 23.5% to $458.2 million. Management highlighted strong momentum, a healthy pipeline of inorganic opportunities, and reaffirmed full-year 2026 guidance of 15-20% total revenue growth and 10-15% organic revenue growth. The company also repurchased $40 million of shares under a $50 million authorization, signaling confidence in its long-term outlook.