Porch Group, Inc. · NASDAQ:PRCH

Porch — Q3 2026 Earnings Presentation

39 slides from Porch's earnings presentation, Oct 28, 2026

  1. Slide 1: Q3 2026 Earnings Presentation

    Q3 2026 Earnings Presentation October 28, 2026 Copyright 2026 Porch Group, Inc. All rights reserved

  2. Slide 2: Disclaimers

    Financial Targets Disclaimers 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

  3. Slide 3: Agenda

    Agenda Matt Ehrlichman CEO, Chairman & Founder Key Updates Shawn Tabak Chief Financial Officer Financials & Guidance Matthew Neagle Chief Operating Officer Strategic Update & KPIs Copyright 2026 Porch Group, Inc. All rights reserved 3

  4. Slide 4: Key Updates

    Key Updates Matt Ehrlichman CEO, Chairman & Founder Copyright 2026 Porch Group, Inc. All rights reserved 4

  5. Slide 5: Q3'26 Key Messages

    Q3’26 Key Messages 1 • 42% YoY growth in Reciprocal Policies Written 2 • >2x YoY growth in Adjusted EBITDA (Excluding Reciprocal) 3 • 6th consecutive Rule of 80 quarter for Insurance Services 4 • Another guidance raise 5 • Allied extends an organic platform that is already performing well Notes: All

  6. Slide 6: Q3'26 RWP & Policies Written Drive Strong Adj. EBITDA

    Q3’26 RWP & Policies Written Drive Strong Adj. EBITDA $50 $161M $44 Reciprocal Written Premium 31% ¹ + 28% ² 68K Reciprocal Policies Written Insurance Services Porch Group Adjusted EBITDA Adjusted EBITDA (Excluding Reciprocal) Notes: All numbers are $million unless otherwise stated and are unaudited

  7. Slide 7: The Insurance Growth Engine

    The Insurance Growth Engine RWP from New Capacity Top of Funnel Conversion Customers Copyright 2026 Porch Group, Inc. All rights reserved 7

  8. Slide 8: Reciprocal Policies Written Grew 42% YoY

    Reciprocal Policies Written Grew 42% YoY Policy Growth Supports Sustainable Premium Growth 67.5K 47.7K Q3'25 Q3'26 +42% YoY Copyright 2026 Porch Group, Inc. All rights reserved 8

  9. Slide 9: Reciprocal's Statutory Surplus Continues to Grow

    Reciprocal’s Statutory Surplus Continues to Grow Statutory Surplus Supports Strong Growth Capacity $ mil. $200 $180 $174 $160 $152 $140 $120 $100 $80 $60 $40 $20 $0 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 +$22m YoY Capacity Top of Funnel Conversion Notes: All numbers are $million unless otherwise

  10. Slide 10: Agency and Quote Volumes Reflect a Growing Funnel

    Agency and Quote Volumes Reflect a Growing Funnel More Producing Agency Branch Locations... Drives Higher Quote Volumes Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 +114% YoY +79% YoY Capacity Top of Funnel Conversion Notes: Quote volumes and agency branch loca

  11. Slide 11: Conversion Rates Remain Solid

    Conversion Rates Remain Solid Conversion Remains Elevated on a YoY Basis Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 +53% YoY Capacity Top of Funnel Conversion Notes: Conversion rates relate to new policies. Conversion rates for new policies are based on internal data and are shown in the charts on qu

  12. Slide 12: RWP From New Customers Continues to Climb

    RWP From New Customers Continues to Climb RWP from New Customers Inflecting Higher Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 +178% YoY Notes: RWP from new customers is based on internal data and is shown on a quarterly total basis. Copyright 2026 Porch Group, Inc. All rights reserved 12

  13. Slide 13: Allied Trust: Company Background + Strategic Fit

    Allied Trust: Company Background + Strategic Fit Established Regional Platform Strong Strategic Fit ■ 10+ years in operation ✓ Contributes meaningful scale ■ ~$200M¹ Year-1 RWP contribution ✓ Adds geographic + agency reach Assumes full year following closing ✓ Strong talent + operating data ■ Louisi

  14. Slide 14: Allied Trust: Compelling Transaction Economics

    Allied Trust: Compelling Transaction Economics Reciprocal Porch ~$45M <4x RECIPROCAL NET PORCH ACQUISITION PURCHASE PRICE¹ MULTIPLE³ ~Neutral <3 Years STATUTORY SURPLUS PORCH EXPECTED IMPACT² PAYBACK PERIOD⁴ Notes: ¹ The Reciprocal’s implied net purchase price represents the $105 million total consi

  15. Slide 15: Initial 2027 Combined Company Target

    Initial 2027 Combined Company Target Allied Trust Adds 30%+ Additional Scale; Moves Porch Closer to Medium Term Targets >$900M Reciprocal Written Premium >360K Reciprocal Policies Written >$180M Adjusted EBITDA (Excluding Reciprocal) Notes: 1) Initial 2027 combined company target is Adjusted EBITDA

  16. Slide 16: Financials & Guidance

    Financials & Guidance Shawn Tabak Chief Financial Officer Copyright 2026 Porch Group, Inc. All rights reserved 16

  17. Slide 17: Q3'26 Strong YoY Improvement in Profitability

    Q3'26 Strong YoY Improvement in Profitability Adj. EBITDA (Excluding Reciprocal) +116% YoY growth driven by Insurance Services Adjusted EBITDA Net Income (Excluding Reciprocal) Attributable to Porch $44 $12.2 +$23M YoY $21 +116% Q3'25 Q3'26 YoY -$10.9 Q3'25 Q3'26 Notes: All numbers are $million unle

  18. Slide 18: Q3'26 Revenue

    Q3'26 Revenue Insurance Services revenue grew 39%; policies written grew 42% Consolidated Revenue Porch-Owned Segments Revenue Insurance Services Revenue (Excluding Reciprocal) $143.9 $140.8 $127.3 $115.1 $102.8 $73.8 13% 22% 39% YoY YoY YoY Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 Notes: All numbers are

  19. Slide 19: Insurance Services

    Insurance Services Our Rule of 80 Business Revenue Gross Profit Adjusted EBITDA $102.8 $91.2 $73.8 $50.1 $62.3 $25.3 39% 46% 98% YoY YoY YoY Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 84% margin 89% margin 34% margin 49% margin • Strong policies written growth driving earnings growth • 39% YoY revenue grow

  20. Slide 20: Software & Data and Consumer Services

    Software & Data and Consumer Services Provide the Strategic Advantages that Drive Insurance Services and Reciprocal Revenue Gross Profit Adjusted EBITDA $24.6 $22.3 $18.2 $16.8 Software & Data -9% -8% $5.1 -18% $4.2 YoY YoY YoY Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 Revenue Gross Profit Adjusted EBITDA

  21. Slide 21: Reciprocal

    Reciprocal Statutory surplus grew +$22M YoY driven by strong underwriting Statutory Surplus $174.4 $152.1 +$22M YoY Q3'25 Q3'26 • Statutory surplus +$22 million YoY • Q3 2026: Gross Loss Ratio 24% | Attritional Loss Ratio 18% Notes: All numbers are $million unless otherwise stated and are unaudited.

  22. Slide 22: Balance Sheet Update

    Balance Sheet Update $165m $333m Porch Reciprocal Cash + Investments1 Cash + Investments2 as of September 30, 2026 as of September 30, 2026 ▪ Porch cash + investments increased +$38m versus Q2’26, driven by: o Adjusted EBITDA (Excluding Reciprocal) of $44m o Partially offset by paydown of remaining

  23. Slide 23: 2026 Guidance

    2026 Guidance Raising Porch-owned businesses guidance following strong Q3 Revenue (Excluding Reciprocal) $518m to $523m Midpoint of $521m represents 24% YoY growth Prior Guidance: $506m to $517m Prior guidance midpoint represented 22% YoY growth Gross Profit (Excluding Reciprocal) $438m to $443m Mid

  24. Slide 24: Strategic Update & KPIs

    Strategic Update & KPIs Matthew Neagle Chief Operating Officer Copyright 2026 Porch Group, Inc. All rights reserved 24

  25. Slide 25: Operational Updates

    Operational Updates Scaling Insurance Through Proprietary Data, Distribution and Customer Access Insurance Strategy: Strategic Advantages: Insurance Services Software & Data + Consumer Services ■ Distribution expansion ■ Broad industry reach Strengthening agent relationships; HOA Agent NPS ~48 More

  26. Slide 26: Insurance Services Q3'26 KPIs

    Insurance Services Q3'26 KPIs New customers driving growth in policies written Reciprocal Policies Written Reciprocal Written Premium (RWP) RWP Per Policy Written¹ 67.5K $161.0 $137.5 $2,884 47.7K $2,384 42% 17% -17%* YoY YoY YoY Q3'25 Q3'26 Q3'25 Q3'26 Q3'25 Q3'26 *RWP Per Policy Written declined Y

  27. Slide 27: Software & Data + Consumer Services Q3'26 KPIs

    Software & Data + Consumer Services Q3'26 KPIs Average Number of Companies Annualized Average Revenue Per Company¹ 23.8K $4,840 18.5K $4,140 Software & Data -22% YoY 17% YoY Q3'25 Q3'26 Q3'25 Q3'26 Number of Monetized Services Average Revenue Per Monetized Service¹ 93.9K 83.7K $206 $219 -11% 6% Cons

  28. Slide 28: Wrap Up

    Wrap Up Matt Ehrlichman CEO, Chairman & Founder Copyright 2026 Porch Group, Inc. All rights reserved 28

  29. Slide 29: Wrap Up: Organic strength + Allied yields compelling '27 setup

    Wrap Up: Organic strength + Allied yields compelling ‘27 setup 1• Organic growth system is working Reciprocal Policies Written grew 42% YoY 6th consecutive quarter of Insurance Services Rule of 80 | Adj. EBITDA (Excl. Reciprocal) >2x YoY 2• Porch & Reciprocal each operating from positions of strengt

  30. Slide 30: Q3'26 Earnings Q&A

    Q3'26 Earnings Q&A Copyright 2026 Porch Group, Inc. All rights reserved 30

  31. Slide 31: Appendix

    Q3'26 Earnings APPENDIX Copyright 2026 Porch Group, Inc. All rights reserved 31

  32. Slide 32: Q3'26 Gross Profit

    Q3'26 Gross Profit Consolidated Gross Profit Porch-Owned Segments Gross Profit (Excluding Reciprocal) $107.9 $120.8 $96.2 $94.2 12% 28% YoY YoY 15% YoY Q3'25 Q3'26 Q3'25 Q3'26Y Yo -1% Notes: All numbers are $million unless otherwise stated and are unaudited. Porch-Owned Segments Gross Profit (Exclud

  33. Slide 33: Q3'26 Adjusted EBITDA (Excluding Reciprocal) Bridge

    Q3'26 Adjusted EBITDA (Excluding Reciprocal) Bridge $3.2 $4.2 $50.1 $44.5 ($13.1) Insurance Services Software & Data Consumer Services Unallocated Adj. EBITDA Adj. EBITDA Adj. EBITDA Corporate Expenses Q3'26 Adjusted EBITDA & Eliminations (Excl. Reciprocal) $91.2m $16.8m $15.5m $12.2m Gross Profit G

  34. Slide 34: Q3'26 Segment Level Results

    Q3'26 Segment Level Results Insurance Services Software & Data Consumer Services Reciprocal Revenue $102.8m $22.3m $18.3m $58.1m Gross Profit $91.2m $16.8m $15.5m $37.2m Adj EBITDA $50.1m $4.2m $3.2m Unallocated corporate expenses were $13.1m Notes: All numbers are $million unless otherwise stated a

  35. Slide 35: Insurance Services: High Margin and Predictable

    Insurance Services: High Margin and Predictable Key: From Reciprocal From Policyholders Low earnings volatility From Third Parties reinsurance Policy fees Fees for homebuyer leads 3 2 4 Management fees Surplus note interest Insurance Services 1 Income Streams 5 $161m $103m $91m $50m Reciprocal Writt

  36. Slide 36: Non-GAAP Financial Measures

    Non-GAAP Financial Measures These slides, our earnings release, and our earnings call include references to non-GAAP financial measures, such as Porch-Owned Segments Revenue (Excluding Reciprocal), Porch-Owned Segments Gross Profit (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal), Adju

  37. Slide 37: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Notes: All figures are in thousands unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal) % of RWP, and Attritional Loss Ratio are non-GAAP financial measures. Please see slide 2 for important inf

  38. Slide 38: Glossary

    Glossary Term Definition We define as the revenue generated across the Software & Data segment in the period over the Average Number of Companies in the period, which is then annualized (for example, for Annualized Average Revenue per Company a given quarter, multiplied by 4). Average Number of Comp

  39. Slide 39: Thank You

    THANK YOU Email: [email protected] Website: IR.porchgroup.com Copyright 2026 Porch Group, Inc. All rights reserved 39

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