TWFG, Inc. Common Stock (TWFG) Stock

TWFG, Inc. Common Stock (TWFG) is a Financials stock trading at $28.72 (as of 2026-09-01), with a market capitalization of $376.13M and a trailing P/E of 10.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TWFG, Inc. operates an independent distribution platform for personal and commercial insurance products in the United States. It distributes a range of coverages, including personal lines (such as auto, home, renters, life, and health) and commercial lines (such as general and professional liability, business auto, workers’ compensation, and property), along with commercial bonds and group benefits.

Understand TWFG, Inc. Common Stock: how it makes money

TWFG is a U.S. independent insurance distributor selling personal and commercial policies (auto, home, life, workers comp, and more) through independent agents and corporate branches, earning commissions as the intermediary between carriers and policyholders. Growth hinges on adding independent agents to its network and scaling its tech-enabled Agency-in-a-Box franchise, with notable exposure to catastrophe markets like Florida.

TWFG underwrites no risk itself; it monetizes the carrier-to-policyholder relationship by taking a commission on every premium that flows through its agent network, so profit is a pure function of agent count, premium retention, and commission rates set by upstream carriers.

Business quality (Solid): A solid distribution model with 20% operating margins and a growing agent base, but a 3% return on equity and a 52x multiple signal the market is paying for flawless execution for years to come.

Valuation: At 52× earnings, TWFG trades 299% above the Insurance average (13×).

Bull case

  • Organic growth stays high-teens: Core organic growth remained in the high teens excluding Florida takeout effects, showing the underlying agent network is still gaining share independently of one-off policy transfers.
  • Contingent income may surprise higher: Management indicated contingent income could exceed current assumptions following third-quarter carrier updates, which would lift margins above what the base-case 20% operating margin already implies.

Bear case

  • Retention dips to 88 percent: Excluding Florida takeout renewals, reported retention falls to approximately 88%, a meaningful step down from the 93% headline rate and a warning signal on policyholder loyalty across the book.
  • Florida comps weigh on Q4: Prior-year takeout comparisons create a pronounced fourth-quarter organic headwind, making near-term reported growth look weaker even if absolute policy volumes hold steady.
  • Fifty-two times earnings is a stretch: At a P/E of 52.1x versus an insurance industry average of 13.1x, the stock trades 299% above the sector, pricing in sustained high-teens growth with essentially no margin for a single soft quarter.
Valuation — source: SEC EDGAR (first-party)
Price$28.72
Market Cap$376.13M
P/E Ratio10.3
EV / EBITDA4.2
Price / Book1.43
Price / Sales1.28
FCF Yield14.1%
DCF Value (model)$57.27
DCF Upside vs Price99.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$248.51M
Net Margin16.6%
Revenue Growth (YoY)45.1%
EPS Growth (YoY)38.5%
FCF Growth (YoY)-2.7%
Financial Health — source: SEC EDGAR
Altman Z-Score5.20 (safe)
Valuation vs Sector & Industry
Stock P/E10.3
Sector P/E (Financials)14.9
Industry P/E (Insurance)12.1
vs Sector-30.9%
vs Industry-15.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderT. Rowe Price Investment Management, Inc. ($38.61M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEORichard Finley Bunch
Employees293
CountryUS
IPO Date2024-07-18

TWFG, Inc. Common Stock earnings call transcripts

  • TWFG Q2 FY26 earnings call transcript (reported 2026-08-05) · analysis
  • TWFG Q4 FY25 earnings call transcript (reported 2026-02-25) · analysis
  • TWFG Q2 FY25 earnings call transcript (reported 2025-08-12) · analysis

All TWFG earnings calls

Related Companies (Insurance; 8 comparable insurers)

  • Goosehead Insurance, Inc (GSHD)
  • Neptune Insurance Holdings Inc. (NP)
  • Ethos Technologies Inc. (LIFE)
  • eHealth, Inc. (EHTH)
  • The Baldwin Insurance Group, Inc. (BWIN)
  • SelectQuote, Inc. (SLQT)
  • Health In Tech, Inc. (HIT)
  • Ryan Specialty Holdings, Inc. (RYAN)
TWFG earnings history · TWFG institutional & insider holders · TWFG KPIs & operating metrics · TWFG financials · TWFG investor presentations & press releases · TWFG SEC filings · TWFG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-01.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.