The company has bolstered its capital position significantly, growing total assets to $371.2M in 2026Q1 from $115.4M in 2023Q4, while maintaining a conservative debt-to-equity ratio of 0.02.
| Total Assets | 371.18M | 370.91M | 323.43M | 115.44M | 114.15M |
| Asset Growth % | 156.57% | 14.68% | 180.18% | 1.12% | - |
| Total Investment Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 201.39M | 224.09M | 241.85M | 75.11M | 88.72M |
| Cash & Equivalents | 124.84M | 155.93M | 195.77M | 39.3M | 22.33M |
| Receivables | 142.67M | 35.89M | 27.07M | 25.06M | 20.64M |
| Other Current Assets | 40.06M | 32.27M | 19.01M | 10.75M | 1.08M |
| Goodwill & Intangibles | 555.53M | 138.63M | 72.98M | 36.44M | 21.36M |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 161.61M | 138.63M | 72.98M | 36.44M | 21.36M |
| PP&E (Net) | 7.51M | 7.5M | 7.99M | 3.06M | 2.92M |
| Other Assets | 664K | 690K | 610K | 837K | 1.16M |
| Total Liabilities | 64.74M | 55.59M | 48.14M | 84.39M | 56.37M |
| Total Debt | 7.56M | 11.12M | 10.3M | 51.76M | 13.31M |
| Net Debt | -117.29M | -144.8M | -185.47M | 12.46M | -9.02M |
| Long-Term Debt | 1.53M | 4.93M | 4.01M | 46.92M | 8.36M |
| Short-Term Debt | 3.21M | 3.29M | 1.91M | 2.44M | 2.64M |
| Total Current Liabilities | 3.21M | 3.29M | 39.62M | 34.91M | 46.33M |
| Accounts Payable | 0 | 0 | 17.08M | 14.05M | 9.71M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 14.69M | 12.17M | 33.34M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 57.19M | 44.46M | 1.15M | 1.04M | 0 |
| Total Equity | 306.43M | 315.32M | 275.29M | 31.05M | 57.79M |
| Equity Growth % | 362.29% | 14.54% | 786.56% | -46.27% | - |
| Shareholders Equity | 69.18M | 83.09M | 73.88M | 31.05M | 57.79M |
| Minority Interest | 237.25M | 232.23M | 201.4M | 0 | 0 |
| Retained Earnings | 25.01M | 22.96M | 15.29M | 4.8M | 32.18M |
| Common Stock | 142K | 150K | 148K | 632K | 632K |
| Accumulated OCI | 26K | 30K | 83K | 500K | -140K |
| Return on Equity (ROE) | 2.78% | 2.7% | 1.79% | - | - |
| Return on Assets (ROA) | 2.34% | 2.29% | 1.25% | - | - |
| Equity / Assets | 82.56% | 85.01% | 85.12% | 26.9% | 50.62% |
| Debt / Equity | 0.02x | 0.04x | 0.04x | 1.67x | 0.23x |
| Book Value per Share | 5.44 | 5.60 | 18.37 | 2.36 | 0.09 |
| Tangible BV per Share | 2.57 | 3.14 | 13.50 | -0.41 | 0.06 |
Regional Geographic Concentration Risk
According to the latest quarterly financial data, TWFG's total assets grew to $371.2M in 2026Q1, representing a significant expansion from the $115.4M reported in 2023Q4, which suggests that the firm is successfully scaling its balance sheet alongside its aggressive revenue growth trajectory.
The rapid increase in asset volume appears to be driven by the accumulation of premium-related receivables and cash, reflecting the company's successful capture of new business. Investors should monitor whether this asset growth continues to outpace the growth in equity, as a widening gap may indicate increasing reliance on operational liabilities to fund expansion.
As reported in financial statements, loss reserves reached $49.4M in 2026Q1, a notable increase from the $34.5M observed in 2023Q4, which suggests that the company is adjusting its reserve posture to account for the higher volume of premiums written in its core personal lines segment.
The steady climb in loss reserves appears to track with the company's revenue expansion, implying that management is maintaining a disciplined approach to claims provisioning. However, the sensitivity of these reserves to regional catastrophe events in Texas warrants further investigation into the adequacy of current loss development patterns.
Based on TWFG's reported figures, equity has grown to $69.2M in 2026Q1 from $31.1M in 2023Q4, indicating that the company is successfully retaining earnings to bolster its capital base despite the significant competitive pressures and high commission payouts inherent in its dual-channel distribution model.
The strengthening equity position provides a necessary buffer against potential underwriting volatility, though the current level remains modest relative to the total asset base. This capital structure appears to prioritize organic growth, yet the thin net margin profile suggests that any significant adverse development could quickly pressure the company's solvency ratios.
Data suggests that the company's balance sheet remains vulnerable to localized shocks, as the concentration of business in the Texas market may create a mismatch between the reported $371.2M in assets and the potential for sudden, large-scale claims obligations following severe weather events in the region.
While the balance sheet appears healthy on the surface, the lack of geographic diversification may mask latent risks that are not fully captured by standard solvency metrics. Investors should monitor the company's reinsurance recoverables and carrier relationships, as these are the primary mechanisms for mitigating the impact of regional catastrophe risk on the firm's capital.
Quick answers to the most common questions about buying TWFG stock.
As of 2025, TWFG, Inc. Common Stock (TWFG) had total assets of $370.9M including $224.1M in current assets.
TWFG, Inc. Common Stock (TWFG) carries total debt of $11.1M, offset by $155.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
TWFG, Inc. Common Stock (TWFG) has total shareholders' equity (book value) of $83.1M ($5.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
TWFG, Inc. Common Stock (TWFG) reported a current ratio of 68.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.