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TWFG (TWFG) Tax Rate % : 5.96% (As of Sep. 2024)


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What is TWFG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. TWFG's Tax Expense for the three months ended in Sep. 2024 was $0.4 Mil. TWFG's Pre-Tax Income for the three months ended in Sep. 2024 was $7.3 Mil. Therefore, TWFG's Tax Rate % for the quarter that ended in Sep. 2024 was 5.96%.

TWFG Tax Rate % Historical Data

The historical data trend for TWFG's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TWFG Tax Rate % Chart

TWFG Annual Data
Trend Dec22 Dec23 Dec24
Tax Rate %
- 4.26 4.97

TWFG Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only 160.22 3.52 - 5.96 11.48

TWFG Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

TWFG's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0.878/20.595
=4.26 %

TWFG's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=0.437/7.33
=5.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TWFG Tax Rate % Related Terms

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TWFG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » TWFG Inc (NAS:TWFG) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
1201 Lake Woodlands Drive, Suite 4020, The Woodlands, TX, USA, 77380
Website
https://www.twfg.com
TWFG Inc is a independent distribution platform for personal and commercial insurance in the United States. It offers all lines of insurance, multiple distribution contract options, M&A services, proprietary virtual assistants, proprietary technology, proprietary premium financing, unlimited continuing education, recognition programs, co-op funding, marketing support and overall lower costs to operate.