TWFG, Inc. Reports 13.8% Revenue Growth to $60.3 Million in Q2 2025

TWFG, Inc. reported a significant increase in financial performance for the second quarter of 2025, with total revenues reaching $60.3 million, a 13.8% increase from $53.0 million in the same period of 2024. The growth was primarily driven by a $5.9 million rise in commission income, which totaled $54.6 million, reflecting higher premium rates and continued business expansion. Additionally, fee income rose to $3.3 million, up 23.8% year-over-year, while contingent income increased by 61.6% to $2.0 million. For the first half of 2025, total revenues amounted to $114.1 million, a 15.1% increase from $99.2 million in the prior year.

Operating income for the second quarter was $7.4 million, slightly down from $7.5 million in the previous year, while net income attributable to TWFG, Inc. was $2.0 million, compared to a net loss in the same quarter last year. The company’s expenses also rose, with total operating expenses increasing to $52.9 million from $45.5 million, driven by higher commission expenses and salaries, which were influenced by recent acquisitions and increased employee headcount. The company reported a diluted earnings per share of $0.13 for the quarter.

Strategically, TWFG has been active in expanding its operations, completing several acquisitions, including a 50.1% equity interest in TWFG MGA FL, LLC for $9.7 million. This acquisition is expected to enhance the company’s service capabilities and market reach. The company also invested $36.8 million in intangible assets during the first half of 2025, reflecting its commitment to growth through strategic asset acquisitions. As of June 30, 2025, TWFG had a total of 14,904,083 shares of Class A common stock outstanding.

Operationally, TWFG reported a total written premium of $450.3 million for the second quarter, a 14.4% increase from the previous year, with both new and renewal business contributing to this growth. The company’s customer base continues to expand, with a notable increase in the number of independent agents and branches. The company’s geographic footprint has also broadened, enhancing its market share in the personal and commercial insurance sectors.

Looking ahead, TWFG anticipates continued growth driven by its strategic initiatives and market conditions. The company expects to maintain its upward trajectory in revenues and profitability, supported by its diversified offerings and ongoing investments in technology and acquisitions. However, management acknowledges potential risks related to market fluctuations and operational challenges that could impact future performance.