TWFG : Insurance Q1 2026 Investor Presentation

Published: 2026-05-15 20:21:05 ET TWFG

Published on 05/15/2026 at 08:21 pm EDT

C O N F I D E N T I A L

May 2026

T★FG 6ľ a Glancc: 25¦ Ycaí Tíack Rccoíd or Indcpcndcncc, Innoγaľion, and Gíowľk In Pcísonal and Commcícial Insuíancc

Vko Vs 6⭲s

★c aíc a founds⭲-Isd, publicly ľíadcd (Nasdaq: T★FG), kigk-g⭲owľk, indcpcndcnľ disľíibuľion plaľroím roí pcísonal and commcícial insuíancc in ľkc U.S.

Vkaľ Vs Do

★c pionss⭲sd a disľ⭲ibuľion and owns⭲skip modsI ľkaľ is gcaícd ľowaíds rlcxibiliľy, crricicncy, and alignmcnľ. ★c cxisľ ľo scíγc ouí

Ma⭲ksľ Lsads⭲ wiľk fiick Hs⭲iľags and Scalsd, Naľional Plaľfo⭲m

How Vs Do Iľ

agcnľs and agcncy píincipals ľkíougk ouí ícľail and wkolcsalc opcíaľions.

★c píoγidc ⭲ssou⭲css, ľscknoIogy, ľ⭲aining, ca⭲⭲is⭲ accsss, and M&6 oppo⭲ľuniľiss ľo gíow and succccd in an incícasingly complcx maíkcľ.

Vky Vs 6⭲s Diffs⭲snľ

DsvsIopsd and Isd by agsnľs, fo⭲ agsnľs -wc orrcí a disľincľiγc lcγcl or auľonomy and cnľícpícncuíial oppoíľuniľy ľo ouí agcncics ícgaídlcss or wkcľkcí ľkcy sľaíľcd wiľk us ríom

8ľk

Laígcsľ U.S. Pcísonal Lincs 6gcncy (1)

26ľk

MuIľi-Lins - fisľaiI - VkoIssaIs - 6dmiľľsd - Non-6dmiľľsd

Laígcsľ 6gcncy 6cíoss 6ll Lincs (1)

Noľss:

Ycaís or Opcíaľing Hisľoíy

Toľal ★íiľľcn Pícmium (T)

T★FG Eíanckcs in T4 Sľaľcs & D.C.(2)

T★FG MG6 6gcncics in 4T Sľaľcs (2)

scíaľck oí joincd us ľkíougk acquisiľion.

Rankings bascd on ícγcnuc pcí Insuíancc Jouínal's 2025 Top 100 Píopcíľy / Casualľy 6gcncics

6s or Maíck T1, 2026

T. TTM as or Maíck T1, 2026 - Rcsulľs aíc unaudiľcd

T★FG's Eusincss Modcl ★as Euilľ ľo Capľuíc a Skirľ 6way ríom Capľiγc Disľíibuľion

La⭲gs Ska⭲s of Ps⭲sonal Linss Disľ⭲ibuľion Is

… fisflscľing a Dscads-Long Skifľ 6way f⭲om Gapľivs Disľ⭲ibuľion

Gapľu⭲sd by ľks Indspsndsnľ Gkannsl …

Homcowncís Pícmium Mix by Disľíibuľion (%)

6uľo Pícmium Mix by Disľíibuľion (%)

Diíccľ Disľíibuľion ("DTC")

26%

(6 ppľs)

Indcpcndcnľ 6gcncics T9%

(5 ppľs)

2015 2025

Indcpcndcnľ 6gcncics Capľiγc 6gcncics DTC

6ccclcíaľing momcnľum ľowaíd ľkc indcpcndcnľ ckanncl

DTC caííicís incícasingly uľilizing indcpcndcnľ ckanncl ľo ícack consumcís

Capľiγc 6gcncics T5%

Caííicís looking ľo consolidaľc poinľs or disľíibuľion

Sourcs: 6.M. Ecsľ Company

T★FG 6ddícsscs Kcy Pain Poinľs Expcíicnccd Ey Capľiγc and Indcpcndcnľ 6gcncics

Top Gkallsngss fiacsd by 6gsnciss

Top Issuss

Limiľsd p⭲oducľ ckoics

6ccsss ľo ca⭲⭲is⭲s

Gkanging commission sľ⭲ucľu⭲ss

Eack-offics insfficisnciss

Ps⭲psľuaľion planning

6cccss ľo a compíckcnsiγc suiľc or píoducľs; kigk dcgícc or auľonomy oγcí ľkc diíccľion or busincss ľo bcsľ addícss clicnľ nccds

6cccss ľo T00¦ insuíancc caííicís, MG6s and píogíams acíoss admiľľcd and non-admiľľcd maíkcľs

Compclling ícγcnuc and woík skaíc modcl; no salcs quoľas, no roíccd cíoss-sclling

6gcncy-in-a-Eox ľuínkcy soluľion dcliγcís ľools and ľccknology ľkaľ sľícamlinc back-orricc scíγiccs and allow agcnľs ľo rocus on salcs

Oppoíľuniľy ľo scll oí ľíansrcí cxisľing books or busincss cnabling a smooľk kandoγcí or clicnľ íclaľionskips and a ícwaíding cxiľ roí ícľiíing agcnľs

TVfiG Soluľions

T★FG Opcíaľcs in a Laígc and Gíowing 6ddícssablc Maíkcľ

P⭲smium C6Gfi

(2014-24):

6.3%

Toľal P&C

6.7%

Ps⭲sonal Linss

6.0%

Comms⭲cial

P&G Insu⭲ancs Ma⭲ksľ Exkibiľs Gonsisľsnľ G⭲owľk

Sourcs: S&P Global Maíkcľ Inľclligcncc

Dirrcícnľiaľcd Tuínkcy Soluľions ľkaľ Enkancc and Empowcí 6gcncics

Pows⭲ful, Gomp⭲sksnsivs and Inľuiľivs 6MS

Salss Suppo⭲ľ

Agency-in-a-Box

Pcísonal lincs compaíaľiγc íaľcí

6gcncy daskboaíd wiľk dynamic ícpoíľing

Insuíancc roíms and caííicí downloads

Dcdicaľcd accounľ cxccuľiγc

Opľional paíľ-ľimc oí rull-ľimc scíγicc ccnľcí

Ongoing conľinuing cducaľion

fiully Inľsg⭲aľsd Ma⭲ksľing Soluľions

Eack Offics Suppo⭲ľ

Onlinc maíkcľing conľcnľ and analyľics

T★FG bíandcd mcíckandisc and collaľcíal

Coípoíaľc maíkcľing ľcam suppoíľ

Liccnsing and conľíacľing

6gcncy bill píoccssing and ícconciliaľion

Commission píoccssing

Easy ľo Uss Vsb and 6pp Eassd Glisnľ Tools

Oľks⭲ Ss⭲vicss

Easy communicaľion wiľk ľkc clicnľ/agcnľ

Full-scíγicc 6pp and wcb poíľals

6pplc ¦ 6ndíoid compaľibiliľy

Inccnľiγcs roí ľop píoduccís

T★FG Naľional Conγcnľion

Succcssion planning

✓

6ccsss ľo T00+ NaľionaI, fisgionaI and LocaI Insu⭲ancs Ga⭲⭲is⭲s, MG6s and P⭲og⭲ams

Sľ⭲aľsgic Pa⭲ľns⭲skips

Scalsd Nsľwo⭲k

Naľional Plaľfo⭲m

P⭲oviding 6ccsss ľo Insu⭲ancs Ga⭲⭲is⭲ fisIaľionskips, MG6s and P⭲og⭲ams Ss⭲ving 2,T40+ 6gsnciss 6c⭲oss 4T Sľaľss

6ľľíacľiγc MG6 Orrcíing roí 6gcncics ★ko ★isk ľo Sľay Indcpcndcnľ

Insu⭲sd

Indspsndsnľ 6gsncy

Insu⭲sd

P⭲og⭲am

Insu⭲sd

Ca⭲⭲is⭲

Insu⭲sd

Faciliľaľc placcmcnľ or íisks in boľk ľkc admiľľcd and E&S maíkcľs - orľcn inacccssiblc by small agcncics

6llows indcpcndcnľ agcncics ľo ciícumγcnľ minimum γolumc ícquiícmcnľs ríom ccíľain insuíancc caííicís

Expansiγc píoducľ orrcíing ľkaľ bíoadcns T★FG's spccialľy capabiliľics

Rclaľionskip wiľk T★FG cícaľcs paľkway roí indcpcndcnľ agcncics ľo cγcnľually ľíansiľion inľo T★FG cxclusiγc agcncics

Ouí Píoducľ Mix is a Funcľion or Ouí Oppoíľunisľic 6ppíoack To 6dding Talcnľ. ★c Do Eusincss In Pcísonal, Commcícial, Rcľail, ★kolcsalc, Píogíams, 6dmiľľcd, & Non-6dmiľľcd Maíkcľs

Businsss mix comp⭲isss ~82% Ps⭲sonal Linss and

~18% Comms⭲cial Linss (6s or 0T/T1/2026)

Eíoad píoducľ scľ cnabling T★FG agcncics ľo dcliγcí compíckcnsiγc coγcíagc roí clicnľ íisks

6biliľy ľo orrcí in-dcmand, cxclusiγc píogíams in ccíľain nickcs (c.g., caľasľíopkc-cxposcd píopcíľy and kigk γaluc komcs)

6cccss ľo admiľľcd and E&S insuíancc maíkcľs ľkíougk T★FG MG6

Faγoíablc ckaíacľcíisľics or T★FG's pcísonal and small commcícial clicnľ basc:

Higk dcmand roí insuíancc píoľccľion acíoss all cconomic cyclcs

Rclaľionskips builľ on long-ľcím ľíusľ, ícsulľing in sľickincss

Eγolγing íisks and incícasing complcxiľy ícquiíc cxpcíľ guidancc

Ps⭲sonal Linss Comms⭲cial Linss

Umbíclla

Luxuíy Iľcms

★ind

Eoaľ

Lirc/Hcalľk

Flood

Eγcnľ

Homc/Rcnľcís

Moľoícyclc

Pcísonal 6uľo

Gíoup Ecncriľs

Píorcssional Liabiliľy

Eusincss 6uľo

Eusincss Owncí Policy

Commcícial Eonds

Commcícial Píopcíľy

★oíkcís' Comp

Gcncíal Liabiliľy

Consolidaľsd V⭲iľľsn P⭲smium Mix

Ey Linc or Eusincss (0T/T1/2026)

Insu⭲ancs Ss⭲vicss P⭲smium Mix

Ey Linc or Eusincss (0T/T1/2026)

Homcowncís 42%

Commcícial Lincs 1®%

Homcowncís T2%

Commcícial Lincs 22%

TVfiG MG6 P⭲smium Mix

Ey Linc or Eusincss (0T/T1/2026)

Commcícial Lincs 5%

Oľkcí Pcísonal Lincs T%

Oľkcí Pcísonal Lincs 12%

Pcísonal 6uľo 1T%

Ps⭲sonal Linss 82%

Pcísonal 6uľo 2®%

Ps⭲sonal Linss 78%

Oľkcí Pcísonal Lincs 14%

Pcísonal 6uľo T2%

Homcowncís 79%

Ps⭲sonal Linss 95%

Eíanck & Oľkcí Incomc

Conľingcnľ Incomc

Coípoíaľc Salaíics & Oľkcí Expcnscs (Coíp. S&E)

T★FG Opcíaľing Incomc

MG6 Oľkcí Fccs

Conľingcnľ Incomc

Coípoíaľc Expcnscs

T★FG Opcíaľing Incomc

Conľingcnľ Incomc

Eíanckcs & Coíp. S&E

T★FG Opcíaľing Incomc

Two píimaíy scíγicc orrcíings:

Insu⭲ancs Ss⭲vicss

T★FG íccognizcs 100% or ľkc commission paid by insuíancc caííicís and ícmiľs ®0% or ľkc commission ícγcnuc ľo ľkc Eíanckcs (ícľaining 20%)

Eíanckcs aíc ícsponsiblc roí 100% or ľkcií opcíaľing cxpcnscs and pay a rcc ľo T★FG ľo coγcí ľkc cosľs or ľccknology, E&O coγcíagc and oľkcí scíγiccs píoγidcd by T★FG

T★FG insuíancc scíγiccs ícγcnuc also includcs conľingcnľ incomc and oľkcí incomc (all 100% ícľaincd by T★FG)

Foí Coípoíaľc Eíanckcs, T★FG ícľains 100% or commission ícγcnuc and is ícsponsiblc roí 100% or cxpcnscs

Managing Gsns⭲al 6gsncy (MG6)

T★FG íccciγcs 100% or commission ícγcnuc and conľingcnľ incomc caíncd ríom wkolcsalc & bíokcíagc and undcíwíiľing busincsscs

T★FG also íccciγcs oľkcí rccs roí píoγiding ľkiíd-paíľy adminisľíaľion (TP6) and bíokcíagc scíγiccs including policy and sorľwaíc liccnsing ľo caííicís

Dcpcnding on ľkc ľcíms or an indiγidual MG6 agcncy agíccmcnľ, MG6 may also includc ouľbound commission cxpcnsc ľo MG6 6gcncics

MG6

~2O% of ľoľal TWÁG Rcvcnuc

MG6

Commission Rcγcnuc

Ouľbound Commission (variable % of Toľal Carrier Commissions)

Illusľíaľiγc Oγcíγicw or Economic Modcl

Insuíancc Scíγiccs

~DO% of ľoľal TWÁG Rcvcnuc

Eíanckcs Commission Rcγcnuc

(~80% of Toľal Carrier Commissions)

Coípoíaľc Eíanckcs Commission Rcγcnuc

6gcncy-in-a-Eox Commission Rcγcnuc

(~20% of Toľal Carrier Commissions)

TVfiG doss noľ ⭲sľain ľks ⭲isks ⭲slaľsd ľo any of ľks unds⭲lying insu⭲ancs conľ⭲acľs placsd on bskalf of ca⭲⭲is⭲s

Compclling Financial Píorilc wiľk Sľíong Gíowľk and Píoriľabiliľy

Sľíong annual ícsulľs and ľícnds

Divs⭲sifisd & ⭲scu⭲⭲ing ⭲svsnus

6bovs-ma⭲ksľ g⭲owľk ⭲aľss

EaIancs skssľ fIsxibiIiľy

Gonsisľsnľ sľ⭲ong, fiGfi gsns⭲aľivs

Toľal V⭲iľľsn P⭲smium ($MM)

Toľal fisvsnus ($MM)

$1,7T2

$1,476

$1,248

$1,054

$458

$249

$204

$172

$154

$7T

6 G⭲owľk Sľo⭲y

Gompslling fiinancial P⭲ofils

2022 202T 2024 2025 Q1 2026 (1)

2022 202T 2024 2025 Q1 2026 (2)

35.3%

Toľal Rcγcnuc Gíowľk (Q1 2026) (1)

$21.2MM

6dj. EEITD6 (Q1 2026) (1)

29.1%

6dj. EEITD6 Maígin (Q1 2026) (1)

$15.2MM

6dj. Fícc Cask Flow (Q1 2026) (1)

$1.5MM

Long Tcím Dcbľ (Q1 2026) (1)

Noľss:

Plcasc scc "KPI Inroímaľion and Non-G66P Rcconciliaľions" roí ícconciliaľions or 6djusľcd EEITD6, 6djusľcd EEITD6 Maígin, and 6djusľcd Fícc Cask Flow ľo ľkcií mosľ compaíablc G66P mcasuícs

0T/T1/2026 - Rcsulľs aíc unaudiľcd

Tíack Rccoíd or 6djusľcd EEITD6 Gíowľk and Maígin Expansion

6djusľsd EBITD6 ($MM)

D⭲ivs⭲s of Ma⭲gin T⭲ajscľo⭲y

$®0.0

$70.0

$60.0

$50.0

$40.0

$T0.0

$20.0

$10.0

$0.0

~®0/20% ícγcnuc skaíc modcl wiľk T★FG Eíanckcs is a kcy díiγcí or maígin roí ľkc Insuíancc Scíγiccs busincss

Sľcady maígin cxpansion kisľoíically ícrlccľiγc or:

Ecncriľs or scalc wiľkin Insuíancc Scíγiccs and MG6

busincsscs giγcn conľinucd ľop-linc gíowľk

Ecncriľs or coípoíaľc sľoíc acquisiľions wiľkin Insuíancc

Scíγicc conľinuc ľo suppoíľ maígin cxpansion

Ecncriľs ríom lcgacy inγcsľmcnľs in ľccknology and

associaľcd crricicncics

Conľingcnľ incomc and píoriľ skaíing gíowľk as ľkc

busincss gíows

$66.9

$45.T

$21.2

$12.2

2024 YTD 2025 YTD Q1 2025 Q1 2026

6djusľcd EEITD6 Maígin (1)

22.T%

26.9%

22.6%

29.1%

2024 YTD 2025 YTD Q1 2025 YTD Q1 2026 YTD

Notes:

1. Please see "KPI Information and Non-GAAP Reconciliations" and "Additional Reconciliations" for reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to their most comparable GAAP measures.

Consisľcnľ Doublc-Digiľ Oíganic Gíowľk

O⭲ganic fisvsnus G⭲owľk (1)

14.T%

10.1%

® 6

Cuíícnľ Mcľkodology

Q1 2025 Q1 2026 (2)

6ccclcíaľing indusľíy ľailwinds Gcogíapkic cxpansion

Full-scíγicc clicnľ modcl Commcícial lincs gíowľk Tccknology and 6I inγcsľmcnľs Dirrcícnľiaľcd acccss ľo caííicís Scalablc MG6 plaľroím Disciplincd M&6 inľcgíaľion

D⭲ivs⭲s of Susľainsd, Doubls-Digiľ O⭲ganic G⭲owľk

Culminaľing in sľíong and consisľcnľ pcíroímancc acíoss ⭲sľsnľion and nsw businsss

Noľss:

1. Plcasc scc "KPI Inroímaľion and Non-G66P Rcconciliaľions" and "6ddiľional Rcconciliaľions" roí ícconciliaľions or Oíganic Rcγcnuc and Oíganic Rcγcnuc Gíowľk ľo ľkcií mosľ compaíablc G66P mcasuícs

2. 0T/T1/2026 Rcsulľs aíc unaudiľcd and aíc subjccľ ľo ckangc

Fíagmcnľcd Maíkcľ Cícaľcs 6ddiľional Gíowľk Oppoíľuniľics Going Foíwaíd

SIGNIFIC6NT PORTION OF U.S. 6GENCIES COMING TO M6RKET

< 1 ysa⭲

66%

5+ ysa⭲s

~T5% of 40.000 U.£. agsnciss sxpscľsd ľo bs sold ovsr ľks nsxľ 5 ysars

20%

T-5 ysa⭲s

10%

1-T ysa⭲s

HigkIy f⭲agmsnľsd ma⭲ksľ wiľk ~T9,000 indcpcndcnľ agcncics and bíokcíagcs in ľkc U.S. as or 2025

Dsmog⭲apkic ľaiIwinds accclcíaľc dcal rlow

Excsssivs Isvs⭲ags in ľkc sysľcm cícaľcs oppoíľuniľics roí sľíong balancc skccľ acquiícís

Indusľ⭲y Mainľains a fiobusľ 6cquisiľion Pipslins ľkaľ is Gonsľanľly fisplsnisking

Souícc: Eig I 6gcncy Uniγcísc Sľudy 2022

T★FG's Scalc, Ealancc Skccľ and Disciplincd 6ppíoack ľo 6cquisiľions Posiľions Us ★cll roí Fuľuíc Gíowľk

Succcssrul acquisiľions acíoss a ⭲angs of spsciaIľiss and gsog⭲apkiss sincc inccpľion:

‒ 6gcncics

‒ Eooks or busincss

‒ MG6s

‒ Insuíancc ncľwoíks

‒ Rcncwal íigkľs

fiobusľ acquisiľion pipsIins wiľk pícliminaíy dialoguc acíoss scγcíal agcncics and poľcnľial paíľncís

2024 acquisiľions: $4®.T million or capiľal dcploycd

2025 acquisiľions: $54.® million or capiľal dcploycd

Q1 2026 acquisiľions: $2®.7 million or capiľal dcploycd (1)

TVfiG Has a P⭲ovsn 6cquisiľion T⭲ack fisco⭲d

DiscipIinsd and ssIscľivs appíoack ľo M&6:

‒ Culľuíal compaľibiliľy

‒ 6ľľíacľiγc loss íaľios

‒ Oíganic gíowľk

‒ EEITD6 maígin

‒ Enkanccs capabiliľics

‒ Gcogíapkic diγcísiricaľion

Focus on posľ-acquisiľion inľsg⭲aľion and syns⭲giss

6biliľy ľo lcγcíagc TVfiG 6gsncy nsľwo⭲k as a souícc or ícrcííals

Fuľuíc oppoíľuniľy ľo convs⭲ľ addiľional T★FG 6gcncics inľo Coípoíaľc Eíanckcs

Eacksd Ey a Sľ⭲ong Ealancs Skssľ and fispsaľabls Playbook

Noľss:

1. Rcrcís ľo acquisiľions in cxccss or $0.5 million in annual ícγcnuc

Uniquc Valuc Píoposiľion ľo 6gcncy Owncís Looking roí a Paíľncí

LONG TEfiM ST6EILITY 6ND INDEPENDENGE ENTfiEPfiENEUfiI6L OPPOfiTUNITIES

Foundcí lcd and conľíollcd, ycľ publicly lisľcd

Tkink in dccadcs, noľ T-ycaí "rlips"

Ficíccly indcpcndcnľ

Low rinancial lcγcíagc

Flcxiblc Dcal Sľíucľuícs

Sľíong alignmcnľ - poľcnľial roí ícγcnuc skaíc, ícrcííal rccs, and ruíľkcí M&6 píomoľcs agcncy pcíroímancc

Suppoíľ bíanck owncís' and bíanck managcís' gíowľk aspiíaľions

6GGESS TO G6fifiIEfiS 6ND MG6S

fiEPUT6TION fiOfi fi6Ifi DE6LING

SG6LED SEfiYIGES PL6TfiOfiM

6cccss ľo and pícrcíícd íclaľionskips wiľk 7 or ľkc ľop 10 US pcísonal lincs caííicís ľkaľ wíiľc wiľk I61

6cccss ľo and pícrcíícd íclaľionskips wiľk ľkc 9 or ľkc ľop 10 US commcícial lincs caííicís

6cccss ľo oγcí 100 MG6s on ľkc T★FG plaľroím

Eack-orricc suppoíľ allows agcnľ ľo rocus on ncw salcs and cusľomcí scíγicc

Compíckcnsiγc ľíaining and cíoss-ľíaining aγailablc ľo agcnľs and ľcams

Noľss: 16

1. Excludcs capľiγc only caííicís

O N F I D E N T I A L

Hisľoíy or Rcsilicncc & Gíowľk Rcgaídlcss or Economic and Maíkcľ Condiľions

Sourcs: Company Inroímaľion

25 Ysar Track Rscord of £usľainabls Growľk Rsgardlsss of Economic and P&C Pricing Cyclss

C O N F I D E N T I A L

Píoγcn Managcmcnľ Tcam ★cll Posiľioncd ľo Exccuľc on Gíowľk

Kaľks⭲ins C. Nolan

Pícsidcnľ

Richard F. ("Gordy") Bunch III

P⭲ovsn 6biliľy ľo Exscuľs on G⭲owľk Sľ⭲aľsgy

✓

Eackcd by a dccp bcnck or scasoncd opcíaľoís

Founder and CEO

✓

Collaboíaľiγc culľuíc rocuscd on ľcamwoík,

innoγaľion and díiγing ľkc bcsľ ícsulľ roí clicnľs

Janics E. Zwinggi, CP6

Ckicr Financial Orriccí

Cka⭲lss 6lsxands⭲ Bunck

Ckicr Cícaľiγc and Maíkcľing Orriccí

Mokan Vijayagopal

Ckicr Tccknology Orriccí

Julis E. Bsnss

✓

Exccuľiγc managcmcnľ ľcam wiľk an aγcíagc or 25¦

ycaís or insuíancc indusľíy cxpcíicncc

Ckicr Lcgal Orriccí

20+ Ysa⭲ T⭲ack fisco⭲d of Susľainabls G⭲owľk fisga⭲dlsss of Economic and P⭲ops⭲ľy and Casualľy Insu⭲ancs

P⭲icing Cyclss

Gsns Padgsľľ

Ckicr 6ccounľing Orriccí

C O N F I D E N T I A L

Kcy Inγcsľmcnľ Higkligkľs

Eusincss Snapskoľ

TVfiG's Eusinsss ModsI Vas EuiIľ ľo Gapľu⭲s a SscuIa⭲ Skifľ f⭲om Gapľivs Disľ⭲ibuľion

NaľionaI fiooľp⭲inľ and ScaIsd PIaľfo⭲m DsIivs⭲ing SusľainabIs G⭲owľk

Diffs⭲snľiaľsd SoIuľions ľkaľ Enkancs and Empows⭲ 6gsnciss

T⭲usľsd Disľ⭲ibuľion Pa⭲ľns⭲ wiľk T⭲ack fisco⭲d of Innovaľivs SoIuľions

NaľionaI fiooľp⭲inľ and ScaIsd

PIaľfo⭲m DsIivs⭲ing SusľainabIs G⭲owľk

6ľľ⭲acľivs P⭲oducľ Mix wiľk Ps⭲sonaI Linss fiocus

Diíccľ Disľíibuľion ("DTC") 26%

Capľiγc 6gcncics T5%

Indcpcndcnľ 6gcncics T9%

Managing Gsns⭲al 6gsncy

~2O% of Toľal TWÁG Rcv. (2O25)

8ľk

Commission & Fcc Incomc

Rcγcnuc Skaíc Modcl

Laígcsľ U.S. Pcísonal Lincs 6gcncy (2)

26ľk

Laígcsľ U.S. 6gcncy 6cíoss 6ll Lincs (2)

Noľss:

GompsIIing fiinanciaI P⭲ofiIs wiľk Sľ⭲ong G⭲owľk and P⭲ofiľabiIiľy

P⭲ovsn Managsmsnľ Tsam

VsII-Posiľionsd ľo Exscuľs on G⭲owľk

Insu⭲ancs Ss⭲vicss

~DO% of Toľal TWÁG Rcv. (2O25)

Tuínkcy soluľion roí Eíanckcs ("6gcncy-in-a-Eox") ľkaľ píomoľcs gíowľk and raciliľaľcs ľkc adminisľíaľiγc woík or opcíaľing an agcncy

Faciliľaľcs ľkc placcmcnľ or ľíadiľional and kaíd-ľo-placc pcísonal and commcícial insuíancc íisks roí agcncics acíoss ľkc counľíy

TTM Rcγcnuc (2025) (1)

T★FG Eíanckcs in T4 Sľaľcs & D.C.(1)

Rcγcnuc C6GR (2020-25)

T★FG MG6 6gcncics in 4T Sľaľcs(1)

1. 6s or Maíck T1, 2026

2. Rankings bascd on ícγcnuc pcí Insuíancc Jouínal's 2025 Top 100 Píopcíľy / Casualľy 6gcncics

Source: Indcpcndcnľ Insuíancc 6gcnľs & Eíokcís or 6mcíica

C O N F I D E N T I A L

Disclaimer

TWFG Inc. published this content on May 16, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 16, 2026 at 00:20 UTC.