THE WOODLANDS, Texas, Feb. 09, 2026 (GLOBE NEWSWIRE) -- TWFG, Inc. (NASDAQ: TWFG), a leading independent insurance distribution platform, announced today that it will release its financial results for the fourth quarter ended December 31, 2025, after the market closes on Wednesday, February 25, 2026. The Company will host a conference call to discuss its financial results the following morning, Thursday, February 26, 2026, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). TO ACCESS THE CALL BY PHONE, PAR ...

Giverny Capital Asset Management, LLC, an investment management company, recently published its fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. The Portfolio returned 0.01% compared to 2.66% for the S&P 500. YTD, the fund returned 12.58% compared to 17.88% for the Index. The firm faced a challenging fourth quarter and calendar year, despite solid appreciation. The outperformance of a few large technology companies has negatively impacted performance, given the portfolio's und ...

Core Viewpoint - TWFG, Inc. shows a significantly improving earnings outlook, making it a solid choice for investors as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism about TWFG's earnings prospects, which is expected to positively influence its stock price [2]. - The Zacks Rank system indicates that stocks with strong earnings estimate revisions tend to outperform, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Current-Quarter Estimate - For the current quarter, TWFG is expected to earn $0.18 per share, representing a year-over-year decline of -5.3%. However, the Zacks Consensus Estimate has increased by 23.08% over the last 30 days due to three upward revisions and no negative revisions [7]. Current-Year Estimate - For the full year, TWFG is projected to earn $0.78 per share, reflecting a +32.2% increase from the previous year. The consensus estimate has risen by 13.93% as four estimates have been revised upward with no negative revisions [8][9]. Zacks Rank - TWFG currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that can help investors make informed decisions [10]. Stock Performance - TWFG shares have increased by 9.7% over the past four weeks, suggesting strong investor confidence in its earnings growth prospects [11].

Core Viewpoint - TWFG, Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance Indicators - TWFG, Inc. is expected to earn $0.78 per share for the fiscal year ending December 2025, with no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for TWFG, Inc. has increased by 12.6%, indicating a positive trend in earnings estimates [8]. Zacks Rating System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of TWFG, Inc. to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Insights - TWFG Insurance has announced significant leadership changes aimed at accelerating growth and enhancing its competitive position in the insurance industry [1] Leadership Appointments - Katherine Nolan has been promoted from Chief Operating Officer to President, bringing over 16 years of experience and a proven track record in operational excellence and expansion [2] - Julie Benes has transitioned from General Counsel to Chief Legal Officer, focusing on legal and compliance matters while driving growth through mergers and acquisitions [3] - Mohan Vijayagopal has been appointed as Chief Technology Officer, leveraging over 20 years of technology leadership to advance TWFG's digital strategies and enterprise transformation [4] Company Vision - The leadership changes are seen as a pivotal moment for TWFG, with the executive management team poised to drive growth and innovation in the insurance sector [5]

Financial Data and Key Metrics Changes - Total revenues increased by 21% quarter-over-quarter to $64.1 million, with adjusted EBITDA growing by 45% to $17 million, resulting in a margin expansion of 430 basis points to 26.5% [2][4][6] - Written premium rose by $67.6 million, or 16.9%, year-over-year to $467.7 million, with strong growth in both insurance services and MGA [4][5] - Net income was $9.6 million, up 40% year-over-year, with an adjusted net income increase of 55% to $13 million, equating to an adjusted net income margin of 20% [7][8] Business Line Data and Key Metrics Changes - Insurance services grew by $56 million, or 16.5%, while MGA experienced a growth spike of $11.7 million, or 19.2% [4][5] - Organic revenues increased by $5 million, reaching $54.2 million, demonstrating a solid organic growth rate of 10.2% [6] Market Data and Key Metrics Changes - The personal lines market is normalizing, with carrier appetite returning and rate increases moderating, which is positively impacting retention and new business growth [2][3] - The market is transitioning from hard to soft, affecting renewal rates and premium retention, with expectations of stabilization by the second quarter of 2026 [20][21] Company Strategy and Development Direction - The company is focused on investing in technology initiatives, executing accretive M&A goals, and expanding retail and MGA distribution channels [3][10] - The strategic priorities remain unchanged, emphasizing profitable growth and deepening relationships with carriers and agencies [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 targets, citing a strong balance sheet and ongoing recruiting and acquisition initiatives [8][10] - The company anticipates executing more M&A deals in 2026 compared to 2025, with a focus on cultural fit and portfolio quality [16][50] Other Important Information - The company ended the quarter with $151 million in cash and no draws on its revolver, positioning itself well for organic initiatives and potential M&A [8] - The company has tightened its guidance for total revenues to between $240 million and $245 million for the full year 2025 [8] Q&A Session Summary Question: Clarification on $10 million attributed to other investments - Management clarified that this is related to their Premium Finance operations, which have been funded internally for higher yields [12][15] Question: Expectations for M&A pipeline in 2026 - Management expects to execute M&A earlier in the cycle in 2026 compared to 2025, with a robust pipeline [16] Question: Insights on market environment and organic growth - Management discussed the impact of the market transitioning from hard to soft, affecting renewal rates and premium retention, with growth in exposure offsetting reduced premiums [20][21] Question: Impact of new agents on growth rate - Newly recruited agents are expected to contribute to organic growth over a multi-year process, with their impact factored into forecasts [22][24] Question: Trends in MGA channel performance - The MGA channel saw strong premium growth, with commission income growing faster due to a new program launched in Florida [27][28] Question: Comparison of EBITDA margins between Corporate and Agency-in-a-Box - Corporate locations have greater margins than Agency-in-a-Box due to retaining 100% of renewal commissions [38]

Financial Data and Key Metrics Changes - Total revenues increased by 21% quarter over quarter to $64.1 million, supported by 10.2% organic revenue growth and M&A revenues [2][4] - Adjusted EBITDA grew by 45% to $17 million, with margins expanding by 430 basis points to 26.5% [2][6] - Written premium increased by $67.6 million, or 16.9%, over the prior year period to $467.7 million [4][6] - Net income was $9.6 million, up 40% over the prior year period, with a net margin of 15% [7] Business Line Data and Key Metrics Changes - Insurance services grew by $56 million, or 16.5%, while MGA experienced a growth spike of $11.7 million, or 19.2% [4] - Commission income grew by $10 million, or 20.8%, to $58.3 million, driven by strong renewal and new business activity [5][6] - Organic revenues increased by $5 million, reaching $54.2 million, demonstrating solid momentum across both agency and MGA platforms [6] Market Data and Key Metrics Changes - The personal lines market is normalizing, with carrier appetite returning and rate increases moderating [2] - Consolidated written premium retention remained strong at 91%, indicating stability in the client base [4] - The market is transitioning from hard to soft, impacting renewal rates and premium retention [19] Company Strategy and Development Direction - The company is focused on investing in technology initiatives, executing accretive M&A goals, and expanding retail and MGA distribution channels [3] - Strategic priorities include disciplined capital deployment to support growth and expansion [3][10] - The company aims to build a high-growth, independent agent-centric, data-driven distribution platform [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 targets, with tightened guidance reflecting year-to-date performance and market conditions [8] - The company anticipates executing M&A earlier in the cycle in 2026 compared to 2025 [15] - Management noted that the softening market could lead to lower average premiums but also increased client onboarding opportunities [19][20] Other Important Information - The company ended the quarter with $151 million in cash and no draws on its revolver, positioning it well for organic initiatives and potential M&A [8] - The company has added eight new retail locations and 370 independent agents to its MGA platform [3] Q&A Session Summary Question: Clarification on $10 million attributed to other investments - Management clarified that this is related to their premium finance operations, which have been funded internally for higher yields [12][14] Question: Expectations for M&A pipeline in 2026 - Management expects to execute more deals in 2026 compared to 2025, with a focus on cultural fit and portfolio quality [15] Question: Insights on market environment and organic growth - Management discussed the impact of the market transitioning from hard to soft, affecting renewal rates and premium retention [19] Question: Impact of new agents on growth rates - Newly recruited agents are expected to contribute to organic growth over a multi-year process, with their impact already factored into forecasts [21][22] Question: MGA channel performance and margin trends - Management noted that the MGA channel experienced strong premium growth and higher commission income due to a new program launched in Florida [26][27] Question: Comparison of EBITDA margins between corporate and Agency in a Box - Management indicated that corporate margins are expected to be greater than 2x those of Agency in a Box due to revenue retention [37]

Financial Data and Key Metrics Changes - Total revenues increased by 21% quarter over quarter to $64.1 million, supported by 10.2% organic revenue growth and M&A revenues [2][4] - Adjusted EBITDA grew by 45% to $17 million, expanding margins by 430 basis points to 26.5% [2][5] - Written premium increased by $67.6 million, or 16.9%, over the prior year period to $467.7 million [4][5] - Net income was $9.6 million, up 40% over the prior year period, with an adjusted net income rise of 55% to $13 million [6][7] Business Line Data and Key Metrics Changes - Insurance services grew by $56 million, or 16.5%, while the MGA experienced a growth spike of $11.7 million, or 19.2% [4] - Consolidated written premium retention remained strong at 91%, indicating stability in the client base despite a softening rate environment [4][5] Market Data and Key Metrics Changes - The personal lines market is normalizing with a return of carrier appetite, moderated rate increases, and strong underwriting discipline [2] - The market environment has shifted from hard to soft, impacting renewal rates and premium retention [20][45] Company Strategy and Development Direction - The company is focused on investing in technology initiatives, executing accretive M&A goals, and expanding retail and MGA distribution channels [3][10] - The strategic priorities remain unchanged, emphasizing profitable growth and deepening relationships with carriers and agencies [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 targets, citing a strong balance sheet and ongoing recruiting and acquisition initiatives [8][10] - The company anticipates a double-digit organic growth rate for 2026, driven by same-store sales growth and new program initiatives [20][22] Other Important Information - The company completed the acquisition of Alabama Insurance Agency, adding 23 retail locations and marking expansion into Alabama [3] - Operating cash flow for the quarter was $15 million, with $151 million in cash and no draws on the revolver [8] Q&A Session Summary Question: Clarification on $10 million attributed to other investments - Management clarified that this is related to premium finance operations, which have been funded internally for higher yields [12][13] Question: Expectations for M&A pipeline in 2026 - Management expects to execute M&A earlier in the cycle in 2026 compared to 2025, with a focus on exceeding previous year's activity [15] Question: Insights on market environment and organic growth - Management discussed the impact of transitioning from a hard to soft market, affecting renewal rates and premium retention, with expectations for growth in exposure [18][20] Question: Impact of new agents on growth rate - Newly recruited agents are expected to contribute to organic growth over time, with their impact factored into forecasts [21][22] Question: Trends in MGA channel performance - The MGA channel saw strong premium growth, with commission income growing faster due to new programs launched [27][28] Question: Comparison of EBITDA margins between corporate and Agency in a Box - Corporate locations have higher margins compared to Agency in a Box due to retaining 100% of renewal income [38]

Core Insights - TWFG, Inc. reported a revenue of $64.12 million for the quarter ended September 2025, reflecting a year-over-year increase of 17.4% [1] - The earnings per share (EPS) for the quarter was $0.23, up from $0.15 in the same quarter last year, resulting in an EPS surprise of +21.05% against the consensus estimate of $0.19 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $64.3 million, showing a surprise of -0.27% [1] Revenue Breakdown - Contingent income was reported at $2.1 million, exceeding the average estimate of $1.82 million from four analysts [4] - Fee income reached $3.47 million, surpassing the average estimate of $3.22 million from four analysts [4] - Commission income was $58.27 million, slightly below the average estimate of $58.95 million from four analysts [4] - Other income was reported at $0.29 million, which was below the average estimate of $0.41 million from three analysts [4] Stock Performance - Over the past month, shares of TWFG, Inc. have returned -3.8%, contrasting with the Zacks S&P 500 composite's increase of +4.6% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - TWFG, Inc. reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and showing an increase from $0.15 per share a year ago, resulting in an earnings surprise of +21.05% [1][2] - The company posted revenues of $64.12 million for the quarter ended September 2025, which was slightly below the Zacks Consensus Estimate by 0.27%, but an increase from $54.64 million year-over-year [2] - TWFG, Inc. has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates two times during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $59.85 million, and for the current fiscal year, it is $0.71 on revenues of $238.27 million [7] - The estimate revisions trend for TWFG, Inc. was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which TWFG, Inc. belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]