TWFG Insurance expands in Northeast with acquisition of NY agency

THE WOODLANDS, Texas - TWFG Insurance (NASDAQ:TWFG) has acquired Angers & Litz Associates, Inc., an insurance agency based in Schenectady, New York, according to a company press release issued Tuesday.

The acquisition of the agency, which was founded in 1963, represents a strategic expansion of TWFG’s presence in the Northeast market. Angers & Litz provides both commercial and personal lines insurance solutions and has established multi-generational client relationships in the region.

Michael F. Litz will continue to serve as branch manager following the acquisition.

"We built our reputation by being deeply rooted in our community and putting our clients first," Litz said. "Joining forces with TWFG strengthens our ability to serve while preserving the personal relationships and trust we have cultivated for decades."

TWFG Insurance, which trades on the NASDAQ exchange, operates as an independent insurance distribution platform across the United States with a network of independent agents.

Gordy Bunch, Founder and CEO of TWFG Insurance, indicated that the acquisition aligns with the company’s growth strategy focused on agencies with compatible business cultures.

The financial terms of the transaction were not disclosed in the announcement. According to InvestingPro analysis, TWFG appears undervalued at current levels, with 8 additional exclusive ProTips available for subscribers looking to dive deeper into the company’s financial outlook.

In other recent news, TWFG Inc reported a significant revenue increase for the first quarter of 2025, with total revenue reaching $53.8 million, representing a 16.6% rise compared to the previous year. The company’s earnings per share (EPS) were reported at $0.16, and it has raised its guidance for the full year, indicating positive future expectations. Additionally, TWFG Inc held its 2025 Annual Meeting of Stockholders, where shareholders elected all nominated directors to the board. The directors elected include Richard F. "Gordy" Bunch III, Michael Doak, Jonathan Anderson, Michelle Caroline Bunch, Robin A. Ferracone, and Janet S. Wong. The ratification of the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was also approved during the meeting. These developments highlight TWFG Inc’s recent strategic and financial activities, providing investors with key insights into the company’s current trajectory.

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