Porch Group, Inc.

Results of Operations

Key Factors Affecting Operating Results

The following key factors affected our operating results in the three and nine months ended September 30, 2025:

•On January 1, 2025, we completed the formation of the Reciprocal and sold HOA into the Reciprocal; Porch now holds $106 million of surplus notes due from the Reciprocal which pay interest of 9.75% plus SOFR. These surplus notes are included in the Reciprocal’s statutory surplus and are eliminated in consolidation for U.S. generally accepted accounting principles (“GAAP”). Porch earns management fees, policy fees, and non-catastrophic weather quota share reinsurance premiums from the Reciprocal.

•Insurance Services top of the funnel activity reached strong levels across quoting activity and agency appointments.

•In Software and Data, Rynoh implemented a 20% price increase in the first quarter, in line with strategic pricing goals. We remain focused on product innovation, including a continuation of introducing new Home Factors to the market.

•In Consumer Services, new services were launched including packing services online for movers. Partnership efforts are progressing nicely, while our warranty business experienced lower claims activity compared to the prior year.

•The Reciprocal is healthy with $412.0 million of surplus combined with non-admitted assets as of September 30, 2025, an increase of $254.0 million from December 31, 2024.

Three Months Ended September 30, 2025, compared to the Three Months Ended September 30, 2024