Porch Group, Inc.

Results of Operations

Key Factors Affecting Operating Results

The following key factors affected our operating results in the three and six months ended June 30, 2026:

•Top-of-funnel expansion continued in our insurance business with the number of producing third-party agency branch locations increasing by 148% and quote volumes rising by 87% from the same quarter last year.

•Reciprocal Policies Written grew 38% year-over-year.

•In Software and Data, we implemented a price increase in our title insurance software and sunset certain legacy software products that serve very small businesses to support our strategy to focus on larger customers.

•In Consumer Services, our warranty business experienced lower claims expense for the six months ended June 30, 2026, compared to the same period last year. While U.S. housing market conditions remain challenging, we are in the early-stages of expanding Movingplace.com and Securityplace.com.

•Capacity continued to build: statutory surplus at the Reciprocal ended Q2 2026 at $169.9 million, up 33% compared to Q2 2025. Surplus combined with non-admitted assets ended at $376.5 million, supporting our ability to scale premiums while maintaining a healthy Reciprocal.