Porch Group, Inc.

There are three key areas where Porch has differentiation which is core to the strategy - we provide advantaged underwriting, best services for homebuyers, and more home protection:

Advantaged Underwriting

With insights into approximately 90% of U.S. homes, we are able to better model underwriting risk and price policies appropriately. This is a win-win, as it benefits us and our customers.

Our unique property data from Home Factors enhances our underwriting models and, where applicable, helps create a pricing advantage for well-maintained homes and prevent adverse selection for poorly maintained homes.

This data has enabled us to more accurately underwrite risk, and as a result, we have seen an improvement in the Reciprocal’s Attritional Loss Ratio (see Non-GAAP Financial Measures in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations for definition), which was 17% and 22% for the years ended December 31, 2025, and 2024, respectively.

Best Services for Homebuyers

We know when homebuyers are moving approximately six weeks before they move due to our unique early insight. Therefore, we have the ability to cross-sell a variety of products at the time they are most needed. The consumer will engage with either the Porch app or our concierge service to receive support in various aspects of their move, such as insurance, warranty, and moving services, utilities, TV/Internet, and security, including comparing reviews and prices for different providers.

More Protection

We provide consumers with more protection through offering home insurance, home warranty for everyday breakdowns, and a home app to provide appliance recall check monitoring. We can be there from move-in to move-out, with a variety of products designed to make sure our customers’ largest assets are protected.