Porch Group, Inc. · NASDAQ:PRCH

Porch — Investor Presentation (April 2026)

67 slides from Porch's investor presentation, April 2026

Slide 2: Disclaimers
Disclaimers Financial Targets Porch is providing guidance and targets for future periods in this presentation based on current market conditions, assumptions, and expectations as of the date of this presentation. Actual results may vary due to a number of factors, and there is no guarantee that we w
Slide 3: Porch Investment Highlights
Porch Investment Highlights Massive Opportunities Defensible Strategy Profitable & Predictable Insurance, data, software, Unique property data for ~90% of $106m ‘26 Adj EBITDA Guidance¹ warranty & moving all big TAMs U.S. homes creates best-in-class $660m Medium-Term Target² (U.S. HO Insurance = $10
Slide 4: Targeting U.S. Homeowners Insurance in a Compelling Way
Targeting U.S. Homeowners Insurance in a Compelling Way As the manager of a 3rd party-owned Reciprocal, Porch participates in the large and growing US Homeowners Insurance market. We differentiate with a high margin, commission and fee-based business model with no direct weather exposure. This resul
Slide 6: Porch: A New Kind Of Homeowners Insurance Company
Porch: A New Kind Of Homeowners Insurance Company Software Vertical & Data Software Insurance Services for Consumers Differentiators to win Unique assets, strong SaaS Warranty, moving and home margins SaaS and insights for home into inspection, management services US homebuyers title, mortgage, and
Slide 7: Software Brands Have Strong Market Share in Key Industries
Software Brands Have Strong Market Share in Key Industries Roughly half of all US home inspections¹ ~40% of title transactions² Leading POS software for mortgage Measurement software for roofers Notes: 1) ISN, Home Inspector Pro and Palmtech inspection volume as a percentage of estimated 2025 home i
Slide 8: Our Data "Home Factors" Provides Unique Property Insights
Our Data "Home Factors" Provides Unique Property Insights Competitors know about people and geographies with little property data We know how people, geographies, and homes are unique We have Home Factors for ~90% of U.S. homes Copyright 2026 Porch Group, Inc. All rights reserved 8
Slide 9: With Unique Data, Reciprocal Aims to Target Lower Risk Homes
With Unique Data, Reciprocal Aims to Target Lower Risk Homes Higher prices for homes with more risk than the market realizes Lower prices for homes will less than average risks Higher Risk = Surcharge Market Pricing Jack S Lower Risk = Discount Water heater is 20 years old, in the attic, with rust J
Slide 10: Better Risk Selection Drives Exceptional Reciprocal Results
Better Risk Selection Drives Exceptional Reciprocal Results Gross Loss Ratio trend Attritional Loss Ratio trend (excl. CAT Weather) 1 1 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 FY22 FY23 FY24 FY25 Gross Combined 103% 93% 77% 107% 180% 58% 49% 97
Slide 11: 2025 AM Best Report: Top Quartile Underwriting Performance
2025 AM Best Report: Top Quartile Underwriting Performance U.S. >$350m Direct Premiums Earned: 2025 Direct Combined Ratio¹ 200% 150% 100% 61% 50% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 5
Slide 12: More Margin in the System, Better Results for Porch Shareholders
More Margin in the System, Better Results for Porch Shareholders 5 Income Streams Generate Strong Financial Results for Porch, while the Reciprocal also grows surplus RWP to Insurance Services Adj EBITDA (TTM) at 20%¹ Low earnings volatility reinsurance2 Policy fees Fees for homebuyer leads 3 2 4 Ma
Slide 13: Attractive Insurance Services is the Largest Part of PSI
Attractive Insurance Services is the Largest Part of PSI 2025 Revenue Mix 2025 Adjusted EBITDA Mix 4% 16% 15% 22% 62% 81% Insurance Services Software & Data Consumer Services Insurance Services Software & Data Consumer Services Notes: PSI refers to Porch Shareholder Interest 1) Revenue figures repre
Slide 15: Q1 2026 Earnings Highlights
Q1 2026 Earnings Highlights $114.5 $109.4 $91.2 $19.7 Reciprocal Written Premium PSI Revenue PSI Gross Profit PSI Adj. EBITDA +18% YoY Growth +29% YoY Growth 83% Gross Margin 18% Adj EBITDA Margin Notes: All numbers are $million unless otherwise stated. (1) PSI refers to Porch Shareholder Interest (
Slide 16: Completed Reciprocal Formation Leads to Higher Margins
Completed Reciprocal Formation Leads to Higher Margins Total Revenue ($m) Gross Profit ($m) 21% 5-year CAGR 25% 5-year CAGR $407 $501 +$55m $344 $438 non-recurring1 $419 $430 $276 $210 $212 $168 $192 $134 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026 Guidance 2 Guidance 2 January 1, 20
Slide 17: Significant Improvements in Adjusted EBITDA
Significant Improvements in Adjusted EBITDA Adjusted EBITDA $106.0 $76.6 +38% YoY +968% YoY $7.2 2024 2025 2026 1 Guidance Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. See slide 2 for add
Slide 18: PSI Cash Generative Model Improves Balance Sheet
PSI Cash Generative Model Improves Balance Sheet $240m $106 $139m $49 $134 $90 December 31, 2024 March 31, 2026 1 Porch cash & investments Surplus notes • Reciprocal improves Porch Cash + Investments1 following formation on January 1, 2025 • $90m Porch Cash + Investments at December 31, 2024. Increa
Slide 20: Reciprocal Statutory Surplus Grew +59% Year-over-Year
Reciprocal Statutory Surplus Grew +59% Year-over-Year $ mil. Statutory Surplus $180 $160 $165 $140 $120 $100 $104 $80 $60 $40 $20 $- Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Notes: All numbers are $million unless otherwise stated. 1) Non-admitted assets as reported in the Reciprocal's statutory filings Copyrig
Slide 21: Regardless of PRCH Share Price, Reciprocal Can Scale RWP
Regardless of PRCH Share Price, Reciprocal Can Scale RWP As of 3/31/26 Notes: All numbers are $million except PRCH stock price. There are a number of circumstances in the future that could affect RWP that could or could not be within our control. See slide 2 for important disclaimers. This illustra
Slide 22: Top of the Funnel: Increasing the Pool of Potential Customers
Top of the Funnel: Increasing the Pool of Potential Customers Notes: Quote volumes and producing agency branch locations are based on internal data and are shown in the charts on quarterly averages Copyright 2026 Porch Group, Inc. All rights reserved 22
Slide 23: Conversion: Activation Efforts Drive Greater Conversion
Conversion: Activation Efforts Drive Greater Conversion Notes: Quote volumes and producing agency branch locations are based on internal data and are shown in the charts on quarterly averages Copyright 2026 Porch Group, Inc. All rights reserved 23
Slide 24: RWP Momentum: New Customer Growth Inflecting Higher
RWP Momentum: New Customer Growth Inflecting Higher Notes: Quote volumes and producing agency branch locations are based on internal data and are shown in the charts on quarterly averages Copyright 2026 Porch Group, Inc. All rights reserved 24
Slide 25: RWP Momentum: Policy Growth is Leading the Way
RWP Momentum: Policy Growth is Leading the Way Notes: Quote volumes and producing agency branch locations are based on internal data and are shown in the charts on quarterly averages Copyright 2026 Porch Group, Inc. All rights reserved 25
Slide 26: Looking Ahead: $2.3bn Revenue, $660m Adj EBITDA
Looking Ahead: $2.3bn Revenue, $660m Adj EBITDA Porch Shareholder Interest (Excludes Reciprocal) Medium Term Target Provided at December 2024 Investor Day & Updated Q1’25 2026 Medium 2025 Guidance Term Revenue $419m $501m $2.3bn Growth ~20% Adjusted EBITDA $77m $106m $660m Margin 18% 21% 29% • Susta
Slide 29: We Have Created the Optimal Structure with the Reciprocal
We Have Created the Optimal Structure with the Reciprocal Porch Group Reciprocal Owned by Policyholders Policyholders (members) Insurance & Premiums Claims & Surplus Payments Commission & Fees Software & Data Operating Services Insurance Surplus note Services ($106m @ 9.75% + SOFR) (“the Reciprocal”
Slide 30: We Have Created the Optimal Structure with the Reciprocal
We Have Created the Optimal Structure with the Reciprocal Reciprocal Exchange Claims Porch Group Employees Reinsurance Agent Commissions Copyright 2026 Porch Group, Inc. All rights reserved 30
Slide 32: The Very Best Insurance for Homebuyers
The Very Best Insurance for Homebuyers With membership perks and discounts: 4 hours of moving services Porch Moving Concierge Homebuyer discount Copyright 2026 Porch Group, Inc. All rights reserved 32
Slide 33: How We Protect More
How We Protect More With Extra Coverage: Annual whole-home warranty at no extra cost Service line coverage Water and sewer coverage Residential glass coverage Refrigerated product coverage Copyright 2026 Porch Group, Inc. All rights reserved 33
Slide 34: How We Reduce Risk
How We Reduce Risk With insights and tips: Personalized home risk insights and recommendations Recall notices for appliances and systems Seasonal maintenance reminders Virtual Home Assistant The Porch Home App Copyright 2026 Porch Group, Inc. All rights reserved 34
Slide 35: Porch Insurance
Porch Insurance Bringing to Life a “New Kind of Homeowners Insurance Company” Launch Date 2006 2005 2005 Designed to win through the agent channel Designed to win on price with traditional Positioning with a differentiated, homebuyer-first offering homeowners value proposition Target Customer Homebu
Slide 36: We Have Early Insights into ~90% of U.S. Homes
We Have Early Insights into ~90% of U.S. Homes Mortgage Receives Porch App Purchases Books Sets up utilities Home projects application inspection & home movers and cable and begins Moving insurance security Title file Concierge Purchases opened home warranty Copyright 2026 Porch Group, Inc. All righ
Slide 37: With Early Access, the Reciprocal Targets Homebuyers
With Early Access, the Reciprocal Targets Homebuyers >$100bn U.S. Homeowners Insurance TAM1 40% of new policies We can reach homebuyers without are homebuyers2 massive brand spend 60% never switch3 60% never switch3 Homebuyers retain better 1) Source: S&P Market Intelligence U.S. Total Direct Writte
Slide 38: Better Risk Drives Industry-Leading Reciprocal Results
Better Risk Drives Industry-Leading Reciprocal Results Q1’26 Gross Loss Ratio1 FY25 Gross Loss Ratio1 FY25 Gross Combined Ratio Improved 1,200bps YoY Improved 3,800bps YoY Improved 1,400bps YoY 79% 65% 65% Impact of 43% CAT weather 36% claims 24% 27% 18% 5% 10% Attritional 22% Attritional 18% 19% 17
Slide 39: Non-Admitted Assets Provide Optionality to Support LT Earnings Power
Non-Admitted Assets Provide Optionality to Support LT Earnings Power Surplus Combined With RWP Potential Insurance Services Non-Admitted Assets ($ mil.) Potential ($ bil.) Adj. EBITDA Increase ($ mil.) ~$20M Sequential Decrease in Q1 ~$100M Decrease in Q1 ~$10M Decrease in Q1 Q1'26 $269 Q1'26 ~$1.3
Slide 40: Reciprocal Surplus: PRCH Price Sensitivity Table
Reciprocal Surplus: PRCH Price Sensitivity Table Scenarios for Period Ended 3/31/26 PRCH Statutory Surplus 5 : 1 RWP Scenario Surplus Combined with 5 : 1 RWP Scenario $2.00 $155 $774 $174 $803 $5.00 $161 $806 $229 $1,070 $10.00 $169 $846 $321 $1,456 $20.00 $185 $926 $504 $2,126 $30.00 $201 $1,006 $6
Slide 43: 99.4% Monthly Logo Retention
Our Software Support All Parts of an Inspection Business CRM and Workflow Key Metrics Report Writer ~9,000 Inspection Companies1 ~50% Of Inspections2 Payment Processing Office Services 99.4% Monthly Logo Retention 3 Growth Tools 55 NPS4 Notes: 3) Average monthly logo retention for ISN from December
Slide 44: We Are The Gold Standard in Title Software Solutions
We Are The Gold Standard in Title Software Solutions One Easy-To-Use Platform Key Metrics ~2,400 # of title companies 99.2% Monthly Logo Retention 1 62 Net Promoter Score Notes: All figures are updated as of February 2026 1) Defined as average monthly logo retention rate from January 2025 to Decembe
Slide 45: The Housing Industry Has Faced Headwinds
The Housing Industry Has Faced Headwinds Home Sales Transactions1 Declined… …So Did Refinance Transactions2 6.9 8.3 5.7 5.0 4.8 4.8 4.8 2.3 2.2 2.0 0.8 1.0 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026 All data represents millions unless otherwise stated. (1) Source: Mortgage Bankers A
Slide 46: Our Software & Data Businesses Have Innovated
Our Software & Data Businesses Have Innovated Q4 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Floify Verify and Byte Microservices framework New Title Production Smart Scheduling AI Image Defect Dynamics App LOS Field Sync and Plaid Integration Integration (Settlor) added to mobile app Detector 2.0
Slide 47: Resulting in Continued Increase in Revenue Per Transaction
Resulting in Continued Increase in Revenue Per Transaction $10.49 Total Software 1 $9.62 $8.68 $8.29 $6.53 $6.84 Rynoh $6.02 $4.87 $3.68 $2.47 2021 2022 2023 2024 2025 (1) Includes transactions from Floify (number of loan applications), ISN (number of inspections), Rynoh (number of closed files). Re
Slide 48: Data Creates Value in Multiple Ways
Data Creates Value in Multiple Ways 1 Improved pricing and risk for the Reciprocal & HOA 2 Improved pricing and risk for other carriers 3 Helping businesses target the right consumers 4 Adding value to our customer experiences Copyright 2026 Porch Group, Inc. All rights reserved 48
Slide 49: Billions of Data Insights on Properties and Households
Billions of Data Insights on Properties and Households Property Info Household Info Home interior Wealth / Financial Home exterior Buyer intent Risk insights Interests / hobbies Car in the garage Life events Homebuyers Demographics Movers Active shoppers Copyright 2026 Porch Group, Inc. All rights r
Slide 50: We Are Producing Unique Insights
We Are Producing Unique Insights Foundation repair/replace Electrical panel repair Windows repair/replace Roofing repair/replace Electrical wiring repair Electrical outlet repair flag Sump pump repair/replace Copyright 2026 Porch Group, Inc. All rights reserved 50
Slide 51: Example: Electrical Panel Needing Repair / Replacement
Example: Electrical Panel Needing Repair / Replacement Our data indicated a ~41% higher claims frequency 18% Current 13% discount pricing surcharge 39% of Policyholders 33% of Policyholders WITHOUT electrical WITH electrical panel panel repair repair needed Copyright 2026 Porch Group, Inc. All right
Slide 54: Well-Positioned to Grow through Diverse Demand Channels
Well-Positioned to Grow through Diverse Demand Channels Real Estate & D2C Inspection Partnerships Insurance Utilities Copyright 2026 Porch Group, Inc. All rights reserved 54
Slide 55: Connecting with Consumers Across the Home Journey
Connecting with Consumers Across the Home Journey Moving Services Moving Concierge Porch App & Website Porch Home Concierge "My team can help you throughout the entire moving process, down to every last detail." Home Insurance Home Warranty Movers TV/Internet Home Security Home projects Copyright 20
Slide 56: We're the 2nd Largest Moving Labor Provider
We’re the 2nd Largest Moving Labor Provider Operating several Long-term partnerships with brands on one platform largest moving companies ~92K completed moves in 2025 with 4.8/5 customer satisfaction Copyright 2026 Porch Group, Inc. All rights reserved 56
Slide 58: Strong Leadership Team
Strong Leadership Team Matt Ehrlichman Shawn Tabak Matthew Neagle Nicole Pelley CEO, Chairman & Founder Chief Financial Officer Chief Operating Officer EVP, Porch Platform John Campbell Tyler Cobb Nathan Smith Jake Miller Meghan Silver Hilary Cahill VP Investor Relations VP, Corporate Development VP
Slide 59: Our Insurance Leadership Team
Our Insurance Leadership Team Efram Ware Eric Lemieur Mike Capuzzi Chad Mirock Alice Robinson Andrea Ferrari Jonathan Judge Nathan Smith Janiella Shirley President and GM Sales & Distribution Ops & Claims Product Chief Actuary Underwriting Data Science Accounting Legal Copyright 2026 Porch Group, In
Slide 63: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes non-GAAP financial measures, such as Adjusted EBITDA (Loss), Adjusted EBITDA (Loss) Margin, Adjusted EBITDA % of RWP, certain amounts related to Porch Shareholder Interest, and Attritional Loss Ratio. We define Adjusted EBITDA (Loss) as net inco
Slide 64: 2025 Consolidated Results: PSI vs. GAAP
2025 Consolidated Results: PSI vs. GAAP Notes: All numbers are $million unless otherwise stated. PSI refers to Porch Shareholder Interest. Porch Shareholder Interest Revenue, Gross Profit, Adjusted EBITDA, and Cash Flow from Operations are non-GAAP financial measures. Please see slide 2 and appendix
Slide 65: Attritional Loss Ratio (ALR) Reconciliation
Attritional Loss Ratio (ALR) Reconciliation Attritional Loss Ratio The Attritional Loss Ratio is calculated by deducting the Gross Loss Ratio related to catastrophic weather events from total Gross Loss Ratio. Catastrophic weather events include, without limitation, hurricanes, tornados, earthquakes
Slide 66: Glossary
Glossary Term Definition We calculate by deducting the Gross Loss Ratio related to catastrophic weather events from total Gross Loss Ratio. Catastrophic weather events include, without limitation, Attritional Loss Ratio hurricanes, tornados, earthquakes, hailstorms, wildfires, high winds, and winter

Porch Group — Investor Presentation (April 2026) on 6ix

Porch — Investor Presentation (April 2026)

Slide 1: Porch Group Corporate Presentation

Slide 2: Disclaimers

Slide 3: Porch Investment Highlights

Slide 4: Targeting U.S. Homeowners Insurance in a Compelling Way

Slide 5: Our strategy drives differentiation and competitive advantages

Slide 6: Porch: A New Kind Of Homeowners Insurance Company

Slide 7: Software Brands Have Strong Market Share in Key Industries

Slide 8: Our Data "Home Factors" Provides Unique Property Insights

Slide 9: With Unique Data, Reciprocal Aims to Target Lower Risk Homes

Slide 10: Better Risk Selection Drives Exceptional Reciprocal Results

Slide 11: 2025 AM Best Report: Top Quartile Underwriting Performance

Slide 12: More Margin in the System, Better Results for Porch Shareholders

Slide 13: Attractive Insurance Services is the Largest Part of PSI

Slide 14: Which delivers strong financial performance

Slide 15: Q1 2026 Earnings Highlights

Slide 16: Completed Reciprocal Formation Leads to Higher Margins

Slide 17: Significant Improvements in Adjusted EBITDA

Slide 18: PSI Cash Generative Model Improves Balance Sheet

Slide 19: And the ability to do more

Slide 20: Reciprocal Statutory Surplus Grew +59% Year-over-Year

Slide 21: Regardless of PRCH Share Price, Reciprocal Can Scale RWP

Slide 22: Top of the Funnel: Increasing the Pool of Potential Customers

Slide 23: Conversion: Activation Efforts Drive Greater Conversion

Slide 24: RWP Momentum: New Customer Growth Inflecting Higher

Slide 25: RWP Momentum: Policy Growth is Leading the Way

Slide 26: Looking Ahead: $2.3bn Revenue, $660m Adj EBITDA

Slide 27: APPENDIX

Slide 28: Insurance

Slide 29: We Have Created the Optimal Structure with the Reciprocal

Slide 30: We Have Created the Optimal Structure with the Reciprocal

Slide 31: Introducing Porch Insurance

Slide 32: The Very Best Insurance for Homebuyers

Slide 33: How We Protect More

Slide 34: How We Reduce Risk

Slide 35: Porch Insurance

Slide 36: We Have Early Insights into ~90% of U.S. Homes

Slide 37: With Early Access, the Reciprocal Targets Homebuyers

Slide 38: Better Risk Drives Industry-Leading Reciprocal Results

Slide 39: Non-Admitted Assets Provide Optionality to Support LT Earnings Power

Slide 40: Reciprocal Surplus: PRCH Price Sensitivity Table

Slide 41: Software & Data

Slide 42: Software & Data Segment: Brands

Slide 43: 99.4% Monthly Logo Retention

Slide 44: We Are The Gold Standard in Title Software Solutions

Slide 45: The Housing Industry Has Faced Headwinds

Slide 46: Our Software & Data Businesses Have Innovated

Slide 47: Resulting in Continued Increase in Revenue Per Transaction

Slide 48: Data Creates Value in Multiple Ways

Slide 49: Billions of Data Insights on Properties and Households

Slide 50: We Are Producing Unique Insights

Slide 51: Example: Electrical Panel Needing Repair / Replacement

Slide 52: Consumer Services

Slide 53: Consumer Services Segment: Brands

Slide 54: Well-Positioned to Grow through Diverse Demand Channels

Slide 55: Connecting with Consumers Across the Home Journey

Slide 56: We're the 2nd Largest Moving Labor Provider

Slide 57: Leadership & Values

Slide 58: Strong Leadership Team

Slide 59: Our Insurance Leadership Team

Slide 60: We Lead With Our Values

Slide 61: Other

Slide 62: AI Embedded Across the Porch Platform

Slide 63: Non-GAAP Financial Measures

Slide 64: 2025 Consolidated Results: PSI vs. GAAP

Slide 65: Attritional Loss Ratio (ALR) Reconciliation

Slide 66: Glossary

Slide 67: Thank You