TWFG Announces Third Quarter 2024 Results
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TWFG announced its third quarter 2024 results, highlighting a successful IPO in July 2024, raising $192.9 million. The company reported a 13% increase in total written premium to $400.1 million and a 14.5% increase in total revenue to $54.6 million. Net income was $6.9 million, with diluted EPS of $0.08 and adjusted EPS of $0.15. Adjusted EBITDA rose by 29.7% to $11.7 million.
November 13, 2024 | 1:30 am
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TWFG's Q3 2024 results show strong financial performance with significant growth in revenue and earnings post-IPO. The company raised $192.9 million through its IPO, which has likely contributed to its financial strength.
The successful IPO and subsequent financial results indicate a positive outlook for TWFG. The increase in written premium and revenue, along with a significant rise in adjusted EBITDA, suggests strong operational performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100