TWFG, Inc. Common Stock
- Open
- 23.99
- Day high
- 25.14
- Day low
- 23.99
- Prev close
- 24.05
- Volume
- 26K
- Mkt cap
- $313M
- P/E (TTM)
- 43.1
- EPS (TTM)
- $0.58
- P/B
- 4.5
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▲Insiders net buying $2.8M over the last 3 months (10 open-market buys, 0 sales)
- 🏛Institutions accumulating (13F)
TWFG, Inc. Common Stock (TWFG) is a Financial Services company listed on NASDAQ. The stock is down 31% over the past year. Over the trailing 3 months, insiders filed 10 open-market buys and 0 sales (SEC Form 4).
TWFG, Inc. Common Stock (TWFG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TWFG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.20 | $0.29 | +45.0% | $73M | +7.6% |
| Nov 12, 2025 | $0.19 | $0.23 | +21.1% | $62M | -0.8% |
| Mar 19, 2025 | $0.10 | $0.19 | +90.0% | $46M | -12.6% |
| Jun 29, 2024 | — | $0.53 | — | $51M | — |
| Dec 30, 2023 | — | $0.08 | — | $167M | — |
| Sep 30, 2023 | — | $0.58 | — | $46M | — |
TWFG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | DOAK MICHAELdirector | Buy | 7,865 | $19.45 |
| Jun 4, 2026 | DOAK MICHAELdirector | Buy | 11,000 | $19.09 |
| Jun 4, 2026 | DOAK MICHAELdirector | Buy | 22,994 | $18.62 |
| Jun 2, 2026 | DOAK MICHAELdirector | Buy | 16,500 | $19.33 |
| May 29, 2026 | DOAK MICHAELdirector | Buy | 11,000 | $18.87 |
| May 29, 2026 | DOAK MICHAELdirector | Buy | 11,330 | $18.87 |
| May 27, 2026 | DOAK MICHAELdirector | Buy | 24,880 | $18.62 |
| May 27, 2026 | DOAK MICHAELdirector | Buy | 11,000 | $18.89 |
| May 22, 2026 | DOAK MICHAELdirector | Buy | 17,538 | $18.52 |
| May 22, 2026 | DOAK MICHAELdirector | Buy | 15,745 | $18.79 |
| Apr 2, 2026 | Benes Julie E.officer: General Counsel and Secretary | Tax | 337 | $18.39 |
| Apr 2, 2026 | Bunch Richard F. IIIdirector, 10 percent owner, officer: President and CEO | Grant | 27,500 | — |
| Apr 2, 2026 | Bunch Richard F. IIIdirector, 10 percent owner, officer: President and CEO | Tax | 2,133 | $18.39 |
| Apr 2, 2026 | Bunch Richard F. IIIdirector, 10 percent owner, officer: President and CEO | Grant | 4,000 | — |
| Apr 2, 2026 | Bunch Michelle Carolinedirector | Grant | 4,000 | — |
Source: TWFG SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full TWFG insider & 13F page →TWFG, Inc. Common Stock company profile
Overview
TWFG, Inc. (NASDAQ:TWFG) is an independent insurance distribution platform founded in 2001 and headquartered in The Woodlands, Texas. The company operates as a subsidiary of Bunch Family Holdings, LLC and has grown into a significant player in the personal and commercial insurance brokerage industry across the United States. TWFG went public and has established itself as a technology-enabled insurance intermediary that connects consumers and businesses with insurance carriers through its network of agents and digital platforms.
Business
TWFG operates in the insurance brokerage industry, functioning as an intermediary between insurance carriers (the companies that underwrite and assume risk) and end customers who need insurance coverage. Unlike insurance companies that directly underwrite policies and assume risk, insurance brokers like TWFG earn commissions by selling insurance products from various carriers to customers. The company offers a comprehensive range of personal insurance products including auto insurance, homeowners insurance, renters insurance, life insurance, health insurance, motorcycle coverage, umbrella policies, boat insurance, recreational vehicle coverage, flood insurance, wind insurance, event insurance, and luxury item protection. On the commercial insurance side, TWFG provides general liability insurance, property coverage, business auto insurance, workers' compensation, business owner policies (BOPs), professional liability insurance, commercial bonds, and group benefits packages. The insurance brokerage model works by leveraging relationships with multiple insurance carriers to offer customers competitive options and pricing. Brokers provide value by simplifying the insurance shopping process, explaining complex coverage options, and helping customers navigate claims. TWFG has built a technology-enabled platform that allows both independent agents and customers to access multiple insurance quotes and manage policies efficiently, combining traditional insurance distribution with modern digital tools.
Revenue model
TWFG generates revenue primarily through commission-based income from insurance carriers when policies are sold and renewed. When a customer purchases an insurance policy through TWFG's platform or agents, the insurance carrier pays TWFG a percentage of the premium as commission. This creates a recurring revenue stream since most insurance policies renew annually, generating ongoing commissions as long as customers maintain their coverage. The company's customers include both individual consumers seeking personal insurance coverage and businesses requiring commercial insurance protection. TWFG serves these customers through multiple distribution channels including independent agents, digital platforms, and direct sales capabilities. Several factors can impact TWFG's profitability margins. Positive margin drivers include growth in policy count and premium volumes, higher-margin product mix shifts toward more complex commercial lines, improved customer retention rates that maximize lifetime value, and operational leverage as the technology platform scales. Margin pressures can arise from increased competition among brokers leading to commission compression, rising customer acquisition costs, technology infrastructure investments, regulatory compliance expenses, and economic downturns that reduce demand for certain insurance products or cause customers to seek lower-cost alternatives. The insurance brokerage business benefits from relatively predictable cash flows due to the recurring nature of insurance renewals, but margins can be sensitive to carrier commission structures, competitive dynamics, and the overall health of the insurance market.
Competitive moat
TWFG's competitive moat appears moderate but not particularly strong in the fragmented insurance brokerage industry. The company's primary defensive characteristics include its technology platform that provides operational efficiency and improved customer experience, established relationships with multiple insurance carriers that enable competitive product offerings, and a growing network of independent agents that creates local market presence. However, the insurance brokerage industry faces significant competitive pressures that limit moat strength. Major threats include large established brokers like Marsh McLennan, Aon, and Brown & Brown that have greater scale and resources, direct-to-consumer insurance platforms and carriers that bypass brokers entirely, technology-driven competitors like Lemonade and Root that offer streamlined digital experiences, and the relatively low switching costs for customers who can easily compare insurance options online. The industry's fragmented nature means that local relationships and service quality can provide some competitive advantages, but these are not insurmountable barriers. TWFG's technology investments may provide temporary advantages, but technology alone is not a sustainable moat in an industry where larger competitors have significant resources to invest in similar capabilities. The company's success will likely depend more on execution excellence, market expansion, and maintaining competitive commission structures rather than possessing strong structural advantages that prevent competitive encroachment.
Risks & safety
TWFG demonstrates a strong financial safety profile with excellent liquidity and minimal solvency risk. • Cash Position: $196.4 million in cash and short-term investments as of Q1 2025, representing exceptional liquidity • Debt Level: Very low debt-to-equity ratio of 0.08, indicating minimal financial leverage and low default risk • Current Ratio: 5.63 current ratio shows strong ability to meet short-term obligations • Cash Flow: Positive and growing free cash flow of $15.6 million in Q1 2025, $37.3 million for full year 2024 • Valuation Metrics: Trading at 16.8x P/E ratio and 6.2x EV/EBITDA, representing reasonable but not deeply discounted valuations • Profitability: Consistent profitability with 9.1% ROE and positive operating leverage • Other Considerations: Commission-based revenue model provides some recession resilience, though growth depends on insurance market conditions and competitive dynamics
Recent development
Based on the available financial data, TWFG has demonstrated consistent growth and operational improvements over recent years. The company has significantly strengthened its balance sheet, most notably through what appears to be a capital raise or refinancing that dramatically improved its cash position from $25.8 million in Q2 2024 to $195.8 million by Q4 2024. Revenue growth has been steady, with annual revenue increasing from $147.8 million in 2022 to $193.7 million in 2024, representing a compound annual growth rate of approximately 15%. The company has maintained consistent profitability throughout this growth period, with net income growing from $23.3 million in 2022 to $28.6 million in 2024. The most significant development was the substantial improvement in financial position during 2024, likely related to going public or completing a major financing round. This capital infusion eliminated previous debt burdens (debt-to-equity ratio improved from 1.67 in 2023 to 0.14 in 2024) and provided substantial cash resources for future growth initiatives. The company's current ratio improved dramatically from around 2.0 to over 6.0, indicating much stronger liquidity management. Operational efficiency improvements are evident in the company's ability to generate consistent free cash flow while investing in growth, with free cash flow margins remaining healthy despite expansion activities.
TWFG company profile · for informational purposes only — not investment advice.
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