Articles from Porch Group, Inc.
Porch Group Completes Formation of Porch Insurance Reciprocal Exchange and Corresponding Sale of Homeowners of America Insurance Company
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced the completed formation of the Porch Insurance Reciprocal Exchange (“PIRE”) and sale of Homeowners of America Insurance Company (“HOA”) to PIRE.
By Porch Group, Inc. · Via Business Wire · January 7, 2025
Porch Group Launches MovingPlace, a One-Stop Marketplace for Moving Services
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced the launch of MovingPlace, a new marketplace helping consumers to manage their entire move. MovingPlace (at www.movingplace.com) builds on Porch Group’s vision of helping make the home simple, from moving, maintenance, and protection.
By Porch Group, Inc. · Via Business Wire · December 19, 2024
Porch Group Releases its 2024 ESG Report
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, is proud to announce the release of its second Environmental, Social, and Governance (ESG) Report. The report showcases the company’s commitment to fostering sustainability, diversity, and innovation to help drive business profitability.
By Porch Group, Inc. · Via Business Wire · December 17, 2024
Porch Group Reiterates $32m Q4’24 Adj EBITDA(1) Guidance and Shares Investor Day Highlights
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, held its Investor Day on December 5, 2024 where it reiterated Q4 and full year 2024 Adjusted EBITDA guidance and provided deeper insights into its transformative strategy to position itself as ‘A New Kind of Homeowners Insurance Company.’
By Porch Group, Inc. · Via Business Wire · December 9, 2024
Porch Group’s Investor Day to Highlight 2026 $100m Adj EBITDA Target(1,2)
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today shared details about its upcoming in-person Investor Day, scheduled for December 5, 2024 starting at 9am Eastern in New York and virtually.
By Porch Group, Inc. · Via Business Wire · December 3, 2024
Porch Group to Host Investor Day on December 5, 2024
Porch Group, Inc. (“Porch”) (Nasdaq:PRCH), a homeowners insurance and vertical software platform, today announced it will host an Investor Day on Thursday, December 5, 2024 starting at 9am Eastern in New York City and virtual.
By Porch Group, Inc. · Via Business Wire · November 21, 2024
Porch Group Announces Strategic Home Factors Partnership
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced Porch Group Media (“PGM”), the data and marketing subsidiary of Porch, has signed an agreement to license non-exclusively its unique Home Factors insights to California-based insurance MGA, Bamboo Ide8 Insurance Services, LLC. (“Bamboo”).
By Porch Group, Inc. · Via Business Wire · November 19, 2024
Porch Group Announces Attendance At Upcoming Investor Events
Porch Group, Inc. (“Porch”) (Nasdaq:PRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance.
By Porch Group, Inc. · Via Business Wire · November 11, 2024
Porch Group Reports Third Quarter 2024 Results
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today reported third quarter results through September 30, 2024, with total revenue of $111.2 million. GAAP net income was $14.4 million, an improvement of $20.1 million compared to the prior year, and Adjusted EBITDA was $16.9 million, an improvement of $8.1 million compared to the prior year.
By Porch Group, Inc. · Via Business Wire · November 7, 2024
Porch Group to Release Third Quarter 2024 Earnings on November 7, 2024
Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (Nasdaq:PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the third quarter ended September 30, 2024, after markets close on Thursday, November 7, 2024 and plans to host an Investor Day in early December.
By Porch Group, Inc. · Via Business Wire · October 28, 2024
Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced the Texas Department of Insurance (“TDI”) has approved its application to form and license Porch Insurance Reciprocal Exchange, a new homeowners insurance reciprocal exchange (“the Reciprocal” or “PIRE”).
By Porch Group, Inc. · Via Business Wire · October 28, 2024
Porch Group Announces Attendance At Upcoming Investor Events
Porch Group, Inc. (“Porch”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance.
By Porch Group, Inc. · Via Business Wire · August 8, 2024
Porch Group Files Reciprocal Exchange Application and Contributes PRCH Shares to HOA to Increase Surplus and Support Future Growth
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced it has filed a new and updated application to form and license a Texas reciprocal insurance exchange (“Reciprocal”) with the Texas Department of Insurance (“TDI”). If approved and fully implemented as proposed, Homeowners of America Insurance Company (“HOA”), Porch’s homeowners insurance carrier, would be sold to the Reciprocal at inception resulting in all premiums, policies, and insurance underwriting being conducted through the Reciprocal1.
By Porch Group, Inc. · Via Business Wire · August 6, 2024
Porch Group Reports Second Quarter 2024 Results
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today reported second quarter results through June 30, 2024, with total revenue of $110.8 million, which increased 12% compared to the prior year. GAAP net loss was $64.3 million, an improvement of $22.6 million compared to the prior year, and Adjusted EBITDA Loss was $34.8 million, an improvement of $8.4 million compared to the prior year.
By Porch Group, Inc. · Via Business Wire · August 6, 2024
Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024
Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the second quarter ended June 30, 2024, after markets close on Tuesday, August 6, 2024.
By Porch Group, Inc. · Via Business Wire · July 25, 2024
Porch Group Announces Attendance At Upcoming Investor Events
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance.
By Porch Group, Inc. · Via Business Wire · May 10, 2024
Porch Group Reports First Quarter 2024 Results
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today reported first quarter results through March 31, 2024, with total revenue of $115.4 million, which increased 32% compared to the prior year. GAAP net loss was $13.4 million, an improvement of $25.4 million compared to the prior year, and Adjusted EBITDA Loss was $16.8 million, an improvement of $5.1 million compared to the prior year.
By Porch Group, Inc. · Via Business Wire · May 8, 2024
Porch Group to Release First Quarter 2024 Earnings on May 8, 2024
Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the first quarter ended March 31, 2024, after markets close on Wednesday, May 8, 2024.
By Porch Group, Inc. · Via Business Wire · April 24, 2024
Porch Group Announces Inspection Product Enhancements and Price Increases
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced product enhancements and price increases in its inspection software business.
By Porch Group, Inc. · Via Business Wire · April 9, 2024
Porch Group Attendance At Various Upcoming Investor Events
Porch Group, Inc. (“Porch” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance.
By Porch Group, Inc. · Via Business Wire · March 14, 2024
Porch Group Reports Fourth Quarter 2023 Results
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQPRCH), a homeowners insurance and vertical software platform, today reported fourth quarter results ended December 31, 2023, with total revenue of $114.6 million, which increased 79% compared to the prior year. GAAP net loss of $2.5 million, an improvement from $35.5 million GAAP net loss in the prior year and Adjusted EBITDA of $11.7 million, which increased $25.0 million compared to the prior year.
By Porch Group, Inc. · Via Business Wire · March 7, 2024
Porch Group to Release Fourth Quarter 2023 Earnings on March 7, 2024
Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announced it will report fourth quarter financial results ended December 31, 2023, after markets close on Thursday, March 7, 2024. The business performed well in the fourth quarter, with 2023 Revenue and Adjusted EBITDA expected to be ahead of guidance1.
By Porch Group, Inc. · Via Business Wire · February 12, 2024
Porch Group Receives $25M with Signing of Strategic Agreement with Aon
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announced it signed a strategic business collaboration agreement with Aon Corp. and Aon Re, Inc. (“Aon”) to provide a variety of services to Porch Group companies, resulting in payments to Porch of approximately $25 million upfront and an expected approximately $5 million over the following four years. Aon Re, Inc. is a leading reinsurance broker and provides a wide variety of services for insurance and non-insurance companies.
By Porch Group, Inc. · Via Business Wire · January 25, 2024
Porch Group Launches New Product in the Rynoh Title Platform
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announced the release of RynohVerifi, a new fraud warning product for title and escrow companies who want to help protect against fraud.
By Porch Group, Inc. · Via Business Wire · January 9, 2024
Porch Group Announces New Partnerships and Growth in its Utilities Channel
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announced growth in its utility concierge channel through additional partnerships. Last year Porch expanded its agreement with Exelon NASDAQ: EXCNASDAQEXC)
By Porch Group, Inc. · Via Business Wire · January 3, 2024
Porch Group Announces New Warranty Partnerships and Products
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announced new partnerships and products in its warranty business (“Warranty”).
By Porch Group, Inc. · Via Business Wire · December 5, 2023
Porch Group Releases Its Initial Environmental, Social and Governance Report
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today releases its initial Environmental, Social and Governance (“ESG”) report.
By Porch Group, Inc. · Via Business Wire · November 30, 2023
Porch Group Is Attending Various Investor Events This Quarter
Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today announces its upcoming investor event attendance.
By Porch Group, Inc. · Via Business Wire · November 9, 2023
Porch Group Reports Third Quarter 2023 Results
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQPRCH), a leading vertical software company reinventing the home services and insurance industries, today reported third quarter results for the Company as of September 30, 2023, with total revenue of $129.6 million, which increased 67% compared to the prior year, and Adjusted EBITDA of $8.8 million, which increased $19.7 million compared to the prior year. GAAP net loss of $(5.7) million, compared to $(84.5) million in the prior year.
By Porch Group, Inc. · Via Business Wire · November 7, 2023
Porch Group’s Inspection Support Network Launches App to Enable Homeowners to Easily Manage Their Home Using Their Inspection Report
Porch Group, Inc., (NASDAQPRCH) (“Porch Group”), a leading vertical software company reinventing the home services and insurance industries, today announced the launch of the Porch app through its premier home inspection software company, Inspection Support Network (ISN). The app allows inspectors to extend the value of their inspection by offering an interactive way for their clients to manage the information in their inspection reports. Additionally, home inspectors using ISN can use the app to provide more value to their clients, stay top-of-mind after the inspection is complete, and generate additional revenue by promoting ancillary services, including re-inspections, and referrals.
By Porch Group, Inc. · Via Business Wire · November 14, 2022
Porch Group to Present at the 10th Annual Gateway Conference on September 8, 2021
SEATTLE, WA / ACCESSWIRE / September 1, 2021 / Porch Group, Inc. ("Porch Group" or the "Company") (Nasdaq:PRCH), a leading vertical software company reinventing the home services industry, has been invited to present at the 10th Annual Gateway Conference, which is being held virtually on September 8-9, 2021. Porch Group management is scheduled to present on Wednesday, September 8th at 12:30 p.m. Pacific time, with one-on-one meetings to be held
By Porch Group, Inc. · Via AccessWire · September 1, 2021