TWFG reports Q2 ContOps EPS $10.49 vs. $11.19 last year

Reports Q2 revenue $53.3M, consensus $52.3M. “We delivered a strong Q2 and our value proposition to independent and captive agents continues to resonate in the marketplace” stated Gordy Bunch, Founder, Chairman, and CEO. “In the Q2 total revenues increased 17.4% over the prior year period and we generated 13.8% organic growth. Over the past couple of years, we have seen unprecedented disruption in the personal lines market, impacting thousands of our clients and highlighting the value our local agents and their staff bring to policyholders as we navigate a recalibration of carrier risk appetite and product availability.” “We are seeing signs of improved underwriting margins at our carrier partners and an increase in underwriting appetite, which bodes well for new business opportunities and more orderly renewals for our agents and their customers.”