TWFG, Inc.

General Information
Business:

We specialize in personal and commercial property and casualty insurance – with an emphasis on small business – in the United States. (Incorporated in Delaware) 

Our distribution platform consists of more than 400 branches in 17 states and the District of Columbia, as well as more than 2,000 MGA agencies in 41 states. (MGA stands for Managing General Agent.)

We are the seventh-largest personal lines agency in the U.S., based on revenue; we are the 26th largest agency across all lines of business.

Note: Net income and revenue are for the 12 months that ended March 31, 2024.

(Note: TWFG Inc. priced its IPO at $17.00 – $1.00 above the top of its $14.00-to-$16.00 range – and priced the full 11.0 million shares in the  prospectus – to raise $187.0 million on Wednesday night, July 17, 2024. Background: TWFG disclosed the terms for its IPO – 11.0 million Class A shares at a price range of $14.00 to $16.00 to raise $165.0 million, if priced at the $15.00 mid-point of its range – in an S-1/A filing on July 9, 2024. Background: TWFG filed its S-1 to go public, without disclosing terms, on June 24, 2024.)

Industry: Insurance - Property & Casualty - Small Business
Employees: 325
Founded: 2001
Contact Information
Address 1201 Lake Woodlands Drive Suite 4020 The Woodlands, Texas 77380
Phone Number (281) 367-3424
Web Address https://www.TWFG.com/
View Prospectus: TWFG, Inc.
Financial Information
Market Cap $923.67mil
Revenues $179.39 mil (last 12 months)
Net Income $26.52 mil (last 12 months)
IPO Profile
Symbol TWFG
Exchange NASDAQ
Shares (millions): 11.0
Price range $17.00 - $17.00
Est. $ Volume $187.0 mil
Manager / Joint Managers J.P. Morgan/ Morgan Stanley/ BMO Capital Markets/ Piper Sandler/ RBC Capital Markets/ UBS Investment Bank/ Keefe Bruyette & Woods/ William Blair
CO-Managers Dowling and Partners Securities, LLC/ Fifth Third Securities/ TigerRisk Capital Markets & Advisory
Expected To Trade: 7/18/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change