Porch Group, Inc.

Porch Group, Inc. is a homeowners insurance company that also operates in the home software-as-a-service (SaaS) space. The company's strategy is based on three differentiators: advantaged underwriting through proprietary data, providing services for homebuyers, and offering more protection by combining homeowners insurance with home warranty. In January 2025, Porch completed the formation of Porch Reciprocal Exchange (the "Reciprocal") and sold its legacy homeowners insurance carrier, Homeowners of America ("HOA"), to the Reciprocal. HOA subsequently became a wholly owned subsidiary of the Reciprocal. Porch continues to manage and operate the Reciprocal, providing services such as underwriting, policy renewal, risk and portfolio management, financial oversight, and investment guideline setting, for which it earns commissions and fees. Beyond insurance, Porch is a leader in the home SaaS space, serving approximately 24 thousand companies across industries essential to the home-buying process, including home inspectors, title companies, and mortgage providers. The company has unique visibility into approximately 90% of U.S. homes. Through the Porch app, it offers a full moving concierge service, assisting customers with moving logistics and home services like security and TV/Internet setup. Porch also provides greater home protection by pairing homeowners insurance with full home warranty, additional coverages, and appliance recall monitoring.