Headquartered in Seattle, WA Fiscal year ends December NASDAQ: PRCH porchgroup.com
Porch Group, Inc. (NASDAQ: PRCH) describes itself as a new kind of homeowners insurance company. It uses vertical software in home-related industries, moving and home services for homebuyers, and proprietary property data to support underwriting and distribution of homeowners insurance.
Porch owns three segments:
- **Insurance Services:** Acts as attorney-in-fact and managing agent for the Porch Reciprocal Exchange, earning fees and commissions on Reciprocal Written Premium. It also includes a captive reinsurance business.
- **Software & Data:** Provides software to companies such as home inspectors and other home-related businesses.
- **Consumer Services:** Covers warranty, moving, security, TV/Internet and home projects.
The Porch Reciprocal Exchange is consolidated as a variable interest entity but owned by its policyholder-members. Porch holds surplus notes issued by the Reciprocal.
In October 2026 Porch agreed to acquire Allied Trust's managing general agency and captive reinsurer, while the Reciprocal will acquire the Allied Trust Insurance Company carrier. Closing is expected in Q1 2027. Updated
Porch topped expectations on both lines and raised full-year adjusted EBITDA guidance for its owned segments to $135 million to $140 million, implying 76% to 83% growth. Insurance Services margin did the heavy lifting, expanding to 49% from 34%.
Porch Group, Inc. (NASDAQ: PRCH) describes itself as a new kind of homeowners insurance company. It uses vertical software in home-related industries, moving and home services for homebuyers, and proprietary property data to support underwriting and distribution of homeowners insurance.
The Wall Street consensus 12-month price target for PRCH is $21.79.