TWFG, Inc. (NASDAQ: TWFG)

TWFG, Inc. is a leading independent distribution platform for personal and commercial insurance in the United States.

The company generates revenue primarily by earning commissions from insurance carriers when it places policies between carriers and clients, with commission income representing approximately eighty nine percent of total revenue; additional revenue comes from fees associated with mergers and acquisitions and other services provided to its agency network.

The company operates through the following segments: Insurance Services and TWFG MGA.

• Insurance Services includes the Agency in a Box and Corporate Branches offerings, providing agency management technology, carrier access, training, M&A support and a revenue sharing model that generated seventy nine percent of 2025 revenue, with Agency in a Box contributing sixty two percent and Corporate Branches seventeen percent.

• TWFG MGA provides access to admitted and excess/surplus insurance markets, offering third party administration, brokerage services and carrier relationships that enable agents to place hard to risk policies, contributing twenty percent of 2025 revenue.

TWFG, Inc. ranks as the eighth largest personal lines agency and the twenty sixth largest overall property and casualty agency in the United States according to Insurance Journal’s 2025 Top 100 list, benefitting from a broad network of over three hundred insurance carriers, a scalable technology platform and a proven track record of organic growth through economic cycles.

The company serves a diverse customer base consisting of individual consumers and commercial businesses through its network of over three thousand independent agencies, while also partnering with insurance carriers that rely on its distribution platform to place policies.