TWFG Inc

For the period ended Jun 30, 2024. Filed Aug 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 30, 2024

TWFG$27.09+1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Members’ Equity

(Amounts in thousands, except units data)

Common Units · Class A Common Units · Class B Common Units · Class C Common Units
	Units	Amount	Units	Amount	Units	Amount	Units	Amount	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Members' Equity
Balance at December 31, 2023	–	$—	–	$—	110,750	$111	521,000	$521	$25,114	$4,805	$500	$31,051
Net income	–	—	–	—	–	—	–	—	—	6,629	—	6,629
Units issued (see Note 1)	–	—	27,689	28	–	—	–	—	30,018	—	—	30,046
Cash distributions to members	–	—	–	—	–	—	–	—	—	(2,420)	—	(2,420)
Other comprehensive loss	–	—	–	—	–	—	–	—	—	—	23	23
Balance at March 31, 2024	–	$—	27,689	$28	110,750	$111	521,000	$521	$55,132	$9,014	$523	$65,329
Net income	–	—	–	—	–	—	–	—	—	6,918	—	6,918
Cash distributions to members	–	—	–	—	–	—	–	—	—	(4,679)	—	(4,679)
Other comprehensive loss	–	—	–	—	–	—	–	—	—	—	(56)	(56)
Balance at June 30, 2024	–	$—	27,689	$28	110,750	$111	521,000	$521	$55,132	$11,253	$467	$67,512
Balance at December 31, 2022	631,750	$632	–	$—	–	$—	–	$—	$25,114	$32,180	$(140)	$57,786
Cumulative effect of change in accounting principle (see Note 2)	–	—	–	—	–	—	–	—	—	(271)	—	(271)
Adjusted balance at December 31, 2022	631,750	632	–	—	–	—	–	—	25,114	31,909	(140)	57,515
Net income	–	—	–	—	–	—	–	—	—	6,206	—	6,206
Cash distributions to members	–	—	–	—	–	—	–	—	—	(5,378)	—	(5,378)
Other distributions to members	–	—	–	—	–	—	–	—	—	(16,599)	—	(16,599)
Other comprehensive income	–	—	–	—	–	—	–	—	—	—	39	39
Impact of discontinued operation on accumulated other comprehensive income (loss)	–	—	–	—	–	—	–	—	—	—	775	775
Balance at March 31, 2023	631,750	$632	–	$—	–	$—	–	$—	$25,114	$16,138	$674	$42,558
Net income	–	—	–	—	–	—	–	—	—	7,067	—	7,067
Units exchanged (see Note 1)	(631,750)	(632)	–	—	110,750	111	521,000	521	—	—	—	—
Cash distributions to members	–	—	–	—	–	—	–	—	—	(5,186)	—	(5,186)
Other distributions to members	–	—	–	—	–	—	–	—	—	(3,195)	—	(3,195)
Other comprehensive income	–	—	–	—	–	—	–	—	—	—	48	48
Balance at June 30, 2023	–	$—	–	$—	110,750	$111	521,000	$521	$25,114	$14,824	$722	$41,292

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.