Porch Group, Inc.
For the period ended Mar 31, 2026. Filed Apr 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 28, 2026
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Item 2. Results of Operations
Results of Operations
Key Factors Affecting Operating Results
The following key factors affected our operating results in the three months ended March 31, 2026:
Top-of-funnel momentum continued in our insurance business with the number of producing third-party agency branch locations increasing by 181% and quote volumes rising by 69% from the same quarter last year. Activation translated into outcomes as the higher quote volume and stronger conversion drove 196% year-over-year growth in RWP from new customers.
Reciprocal Policies Written grew 33% year-over-year.
In Software and Data, we implemented a price increase in our title insurance software.
In Consumer Services, our warranty business experienced lower claims expense compared to the same period last year.
Statutory surplus at the Reciprocal rose to $164.6 million as of March 31, 2026, an increase of $9.5 million from December 31, 2025. Capacity continues to build, supporting our ability to scale premiums while maintaining a healthy Reciprocal with $268.8 million of surplus combined with non-admitted assets as of March 31, 2026.
Three Months Ended March 31, 2026, compared to the Three Months Ended March 31, 2025
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