IPO - TWFG, Inc.

Form Type: ARS

Filing Date: 2025-04-11

Corporate Action: Ipo

Type: Update

Accession Number: 000162828025017492

Filing Summary: TWFG, Inc. achieved significant growth in 2024, culminating in a highly successful Initial Public Offering (IPO) on July 17, 2024, where shares were priced at $17 each, notably above the anticipated $14-16 range, due to strong investor demand. This IPO was oversubscribed by twenty times and rated as the 20th Best-Performing US-Listed IPO of 2024 by The Wall Street Journal. The company reported a revenue increase of 18.4% year-over-year, reaching $203.8 million, alongside an organic revenue growth of 14.5%. Total written premiums rose by 18.3% to $1.5 billion, demonstrating robust operational performance. TWFG plans to continue leveraging the proceeds from the IPO for acquisitions, geographic expansion, and technological advancements to bolster agent productivity and client experiences. The company actively expanded its footprint into 15 new states and increased its retail locations to approximately 520 across 34 states. Despite facing challenges from market conditions and catastrophic events, TWFG expressed confidence in its adaptive strategies, financial discipline, and commitment to growth, supported by a passionate and dedicated team.

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