TWFG Announces Unaudited Preliminary Fourth Quarter and Full Year 2024 Financial Results
TWFG has released preliminary unaudited financial results for Q4 and full-year 2024. The insurance distribution company projects Q4 revenue between $49-51 million, representing a 23.8-28.9% increase from Q4 2023. Full-year 2024 revenue is expected to reach $201-203 million, up 16.5-18.2% year-over-year.
The company anticipates Q4 written premium of $361 million, a 20% increase from Q4 2023, while full-year written premium is projected at $1.5 billion, up 18% from 2023. The Organic Revenue Growth Rate is estimated at 20.2-20.8% for Q4 and 14-15% for full-year 2024. Complete financial results will be released mid-March 2025.
TWFG ha pubblicato i risultati finanziari preliminari non verificati per il Q4 e l'intero anno 2024. L'azienda di distribuzione assicurativa prevede un fatturato del Q4 compreso tra 49 e 51 milioni di dollari, rappresentando un aumento del 23,8-28,9% rispetto al Q4 2023. Si prevede che il fatturato dell'intero anno 2024 raggiunga i 201-203 milioni di dollari, con un incremento del 16,5-18,2% rispetto all'anno precedente.
L'azienda prevede un premio scritto del Q4 di 361 milioni di dollari, un aumento del 20% rispetto al Q4 2023, mentre il premio scritto dell'intero anno è stimato a 1,5 miliardi di dollari, con un incremento del 18% rispetto al 2023. Si stima che il tasso di crescita dei ricavi organici sia del 20,2-20,8% per il Q4 e del 14-15% per l'intero anno 2024. I risultati finanziari completi saranno pubblicati a metà marzo 2025.
TWFG ha publicado resultados financieros preliminares no auditados para el Q4 y el año completo 2024. La compañía de distribución de seguros proyecta un ingreso del Q4 entre 49 y 51 millones de dólares, lo que representa un aumento del 23,8-28,9% en comparación con el Q4 2023. Se espera que el ingreso del año completo 2024 alcance entre 201 y 203 millones de dólares, un aumento del 16,5-18,2% interanual.
La compañía anticipa un prima escrita del Q4 de 361 millones de dólares, un aumento del 20% en comparación con el Q4 2023, mientras que la prima escrita del año completo se proyecta en 1,5 mil millones de dólares, un incremento del 18% respecto a 2023. Se estima que la Tasa de Crecimiento de Ingresos Orgánicos sea del 20,2-20,8% para el Q4 y del 14-15% para el año completo 2024. Los resultados financieros completos se publicarán a mediados de marzo de 2025.
TWFG는 2024년 4분기 및 연간 예비 감사되지 않은 재무 결과를 발표했습니다. 보험 배급 회사는 4분기 수익이 4,900만 달러에서 5,100만 달러 사이로 예상되며, 이는 2023년 4분기 대비 23.8-28.9% 증가한 수치입니다. 2024년 전체 수익은 2억 1백만에서 2억 3백만 달러에 이를 것으로 예상되며, 이는 전년 대비 16.5-18.2% 증가한 것입니다.
회사는 4분기 서면 보험료가 3억 6,100만 달러에 이를 것으로 예상하며, 이는 2023년 4분기 대비 20% 증가한 수치입니다. 연간 서면 보험료는 15억 달러로 예상되며, 이는 2023년 대비 18% 증가한 수치입니다. 유기적 수익 성장률은 4분기에 20.2-20.8%, 2024년 전체에 대해 14-15%로 예상됩니다. 전체 재무 결과는 2025년 3월 중순에 발표될 예정입니다.
TWFG a publié des résultats financiers préliminaires non audités pour le 4ème trimestre et l'année complète 2024. La société de distribution d'assurances prévoit un chiffre d'affaires du 4ème trimestre compris entre 49 et 51 millions de dollars, représentant une augmentation de 23,8-28,9% par rapport au 4ème trimestre 2023. Le chiffre d'affaires annuel 2024 devrait atteindre 201-203 millions de dollars, soit une augmentation de 16,5-18,2% par rapport à l'année précédente.
La société anticipe une prime écrite du 4ème trimestre de 361 millions de dollars, soit une augmentation de 20% par rapport au 4ème trimestre 2023, tandis que la prime écrite annuelle est projetée à 1,5 milliard de dollars, soit une augmentation de 18% par rapport à 2023. Le taux de croissance des revenus organiques est estimé à 20,2-20,8% pour le 4ème trimestre et à 14-15% pour l'année complète 2024. Les résultats financiers complets seront publiés à la mi-mars 2025.
TWFG hat vorläufige, nicht geprüfte Finanzzahlen für das 4. Quartal und das Gesamtjahr 2024 veröffentlicht. Das Versicherungsvertriebsunternehmen prognostiziert Umsätze im 4. Quartal zwischen 49 und 51 Millionen Dollar, was einem Anstieg von 23,8-28,9% im Vergleich zum 4. Quartal 2023 entspricht. Der Umsatz für das Gesamtjahr 2024 wird voraussichtlich 201-203 Millionen Dollar erreichen, was einem Anstieg von 16,5-18,2% im Jahresvergleich entspricht.
Das Unternehmen erwartet geschriebene Prämien im 4. Quartal von 361 Millionen Dollar, ein Anstieg von 20% im Vergleich zum 4. Quartal 2023, während die geschriebene Prämie für das Gesamtjahr auf 1,5 Milliarden Dollar geschätzt wird, was einem Anstieg von 18% gegenüber 2023 entspricht. Die organische Umsatzwachstumsrate wird für das 4. Quartal auf 20,2-20,8% und für das Gesamtjahr 2024 auf 14-15% geschätzt. Die vollständigen finanziellen Ergebnisse werden Mitte März 2025 veröffentlicht.
- Q4 revenue growth 23.8-28.9% YoY
- Full-year revenue up 16.5-18.2% YoY
- Q4 written premium increased 20% to $361M
- Full-year written premium grew 18% to $1.5B
- Strong Organic Revenue Growth Rate of 20.2-20.8% in Q4
- Results are preliminary and subject to change
- Final adjustments may alter reported figures
Insights
TWFG's preliminary Q4 and FY2024 results reveal exceptional growth substantially outpacing typical insurance distribution sector averages. The projected Q4 revenue of
Particularly noteworthy is the acceleration in Q4 growth rates compared to full-year figures, suggesting momentum is building rather than slowing. The company's written premium growth (total value of insurance policies sold) remains robust at
The Organic Revenue Growth Rate of
At the current market cap of
TWFG's preliminary results demonstrate the company has established a high-performing distribution model in a traditionally challenging industry. The
The parallel growth between written premiums and revenue suggests TWFG is maintaining consistent commission structures while expanding its book of business. Most telling is the organic growth rate of
Insurance distribution typically grows organically at
While these results don't reveal customer retention metrics or specific product line performance, the overall growth trajectory suggests TWFG has developed systematic advantages in its distribution approach. The Q4 acceleration could indicate seasonal effects common in insurance (year-end policy reviews) or that operational improvements implemented earlier in the year are gaining traction. Investors should seek clarity on these drivers during the upcoming earnings call to better assess sustainability.
THE WOODLANDS, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced preliminary unaudited financial highlights for the fourth quarter and full year ended December 31, 2024. The following results are preliminary, unaudited estimates and are subject to change. The Company is currently finalizing its fourth quarter and year end 2024 results, and as a result, these preliminary estimates are based solely on information available to management as of the date of this press release. The Company’s actual results may differ from these estimates due to the completion of its closing procedures, final adjustments and developments that may arise or information that may become available between now and the time the Company’s financial results are finalized.
Preliminary highlighted results:
- Expects total fourth quarter revenue to be between
$49 million and$51 million , an increase of23.8% and28.9% compared to the fourth quarter of 2023 - Anticipates total full-year 2024 revenue to be between
$201 million and$203 million , an increase of16.5% and18.2% compared to full-year 2023 - Expects total fourth quarter written premium to be
$361 million , an increase of20% compared to the fourth quarter of 2023 - Anticipates total full-year written premium of approximately
$1.5 billion , an increase of18% compared to full-year 2023 - Anticipates fourth quarter Organic Revenue Growth Rate to be between of
20.2% and20.8% and full-year 2024 Organic Revenue Growth Rate of between14% and15%
* Organic Revenue Growth Rate is a non-GAAP measure. A reconciliation of Organic Revenue Growth Rate to total revenue growth rate, the most directly comparable financial measure, is outlined in the reconciliation table accompanying this release.
Conference Call and Full Earnings Release Date
TWFG expects to release its full fourth quarter and full-year 2024 results mid-March followed by a conference call and webcast to discuss these results. Details for the call will be provided in the forthcoming earnings release.
About TWFG
TWFG (NASDAQ: TWFG) is a leading independent distribution platform for personal and commercial insurance in the United States, representing hundreds of insurance carriers. The Company provides innovative insurance solutions through its network of agents, carriers, and technology-driven distribution models. For more information, visit www.twfg.com.
Non-GAAP Financial Measures and Key Performance Indicator
Non-GAAP Financial Measures
Organic Revenue Growth included in this release is not a measure of financial performance in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and should not be considered a substitute for any GAAP measures, including revenue which we consider to be the most directly comparable GAAP measure. Non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, you should not consider non-GAAP financial measures in isolation or as substitutes for revenues, net income, or other consolidated financial statement data prepared in accordance with GAAP. Other companies may calculate non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures.
Organic Revenue Growth. Organic Revenue Growth is the change in Organic Revenue period-to-period, with prior period results adjusted to include revenues that were excluded in the prior period because the relevant acquired businesses had not reached the twelve-month-owned milestone but have reached the twelve-month owned milestone in the current period. We believe Organic Revenue Growth is an appropriate measure of operating performance because it eliminates the impact of acquisitions, which affects the comparability of results from period to period.
A reconciliation of our expected Organic Revenue and Organic Revenue Growth Rate to Total Revenue and Total Revenue Growth Rate, the most directly comparable GAAP measures, is as follows (in thousands):
| Three Months Ended December 31, 2024 | Twelve Months Ended December 31, 2024 | ||||||||||||||
| Low End | High End | Low End | High End | ||||||||||||
| Total revenues | $ | 49,000 | $ | 51,000 | $ | 200,500 | $ | 203,400 | |||||||
| Acquisition adjustments(1) | (100 | ) | (150 | ) | (3,650 | ) | (3,700 | ) | |||||||
| Contingent income | (2,700 | ) | (3,850 | ) | (6,400 | ) | (7,550 | ) | |||||||
| Fee income | (2,500 | ) | (3,000 | ) | (10,400 | ) | (10,900 | ) | |||||||
| Other income | (200 | ) | (300 | ) | (1,300 | ) | (1,400 | ) | |||||||
| Organic Revenue | $ | 43,500 | $ | 43,700 | $ | 178,750 | $ | 179,850 | |||||||
| Organic Revenue Growth(2) | $ | 7,323 | $ | 7,523 | $ | 22,025 | $ | 23,125 | |||||||
| Total Revenue Growth Rate(3) | 23.8 | % | 28.9 | % | 16.5 | % | 18.2 | % | |||||||
| Organic Revenue Growth Rate(2) | 20.2 | % | 20.8 | % | 14.1 | % | 14.8 | % | |||||||
| (1) Represents revenues generated from the acquired businesses during the first 12 months following an acquisition. | |||||||||||||||
| (2) Organic Revenue for the three months ended December 31, 2023, and for the twelve months ended December 31, 2023, used to calculate Organic Revenue Growth for the three months ended December 31, 2024, and for the twelve months ended December 31, 2024, was | |||||||||||||||
| (3) Represents the period-to-period change in total revenues divided by the total revenues in the prior period. | |||||||||||||||
Key Performance Indicator
Total Written Premium. Total Written Premium represents, for any reported period, the total amount of current premium (net of cancellation) placed with insurance carriers. We utilize Total Written Premium as a key performance indicator when planning, monitoring, and evaluating our performance. We believe Total Written Premium is a useful metric because it is the underlying driver of the majority of our revenue.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These statements reflect management’s expectations based on currently available information and involve significant risks, uncertainties, and assumptions that may cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, the finalization of the Company’s year-end financial results, economic conditions, and other risks detailed in the Company’s SEC filings. TWFG undertakes no obligation to update any forward-looking statements, except as required by law.
Investor Contact:
Gene Padgett, CAO
TWFG, Inc.
gene.padgett@twfg.com
Media Contact:
Alex Bunch
TWFG, Inc.
alex@twfg.com
FAQ
What is TWFG's projected revenue growth for Q4 2024?
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What is TWFG's anticipated full-year 2024 revenue?
What is TWFG's Organic Revenue Growth Rate for 2024?
