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22.07.25 - 15:03
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Porch Group to Release Second Quarter 2025 Earnings on August 5, 2025 (Business Wire)
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SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch”) (Nasdaq: PRCH), a new kind of homeowners insurance company, announced today it will report financial results for the second quarter ended June 30, 2025, after markets close on Tuesday, August 5, 2025.
Q2'25 Earnings Conference Call
Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, August 5, 2025, at 5:00 p.m. Eastern (2:00 p.m. Pacific). A presentation to accompany the discussion will be posted on the company website, along with a press release and other supplemental financial information.
All are invited to listen to the event live by registering for the webinar here. A webinar replay will also be available in the Investors section of Porch's corporate website.
About Porch Group
Porch is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best se...
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11.06.25 - 15:06
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Porch Group Appoints John Campbell as Vice President of Investor Relations (Business Wire)
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SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced the appointment of John Campbell as VP of Investor Relations, effective June 9, 2025.
John will report to Shawn Tabak, Chief Financial Officer, and will be responsible for leading Porch's engagement with investors and analysts, providing insights into Porch's financial performance and strategic direction.
John brings 14 years of sell-side experience. Prior to joining Porch, John served as Managing Director at Stephens Inc where he led coverage of real estate-related stocks.
“We are thrilled to welcome John to Porch,” said Shawn Tabak, Chief Financial Officer. “His extensive capital markets experience and deep relationships with investors will be valuable as we continue to execute our strategic initiatives and communicate our growth story to the market. John has been covering Porch over the last several years and knows our business well. We are e...
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02.06.25 - 15:06
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Porch Group Repurchases Additional $8.9m Unsecured 2026 Notes for $8.5m of Cash (Business Wire)
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SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced the repurchase of an additional $8.9 million of its 0.75% Senior Unsecured Convertible Notes due September 2026 (“2026 Notes”).
As previously disclosed, the board of directors has authorized management to repurchase the remaining $29 million of 2026 Notes in cash in the open market or through privately negotiated transactions. On May 29, 2025, the Company repurchased $8.89 million of 2026 Notes for approximately $8.46 million of cash, or 95% of par, in a privately negotiated transaction. The remaining $21 million of 2026 Notes is expected to be retired using balance sheet cash.
This press release shall not constitute an offer to purchase or a solicitation of an offer to sell the 2026 Notes, or any other securities, and will not constitute an offer, solicitation or purchase in any state or jurisdiction in which such an offer, solic...
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28.05.25 - 17:33
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Porch Group Announces Closing of Transaction Retiring Majority of 2026 Unsecured Notes and Plans to Retire Additional Debt With Limited Anticipated Dilution to Stockholders (Business Wire)
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Well positioned to address remaining $29 million of the 2026 notes with balance sheet cash and proceeds from the transactionSEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced the completion of its previously announced refinancing transactions (the “Refinancing Transactions”), retiring all but approximately $29 million of the Company's outstanding 0.75% Convertible Senior Unsecured Notes due 2026 (the “2026 Notes”). In addition, the Company announced that the board of directors has authorized management to repurchase up to the remaining $29 million of 2026 Notes in cash from time to time in the open market or through privately negotiated transactions.
“We are extremely pleased with the closing of these Refinancing Transactions, working towards our goal of 2-3x leverage while limiting shareholder dilution,” said Shawn Tabak, Porch Group CFO. “This is a significant milesto...
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20.05.25 - 00:30
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Porch Group Announces Retirement of Majority of 2026 Unsecured Convertible Notes (Business Wire)
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Reduces 2026 Debt Maturity to $29 Million
SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced a delevering transaction with the privately negotiated repurchase of $144.3 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026 (the “2026 Notes”) and the concurrent pricing of a private offering of $134.0 million aggregate principal amount of newly issued 9.00% Convertible Senior Unsecured Notes due 2030 of the Company (the “2030 Notes”). These refinancing transactions (the “Refinancing Transactions”) are expected to close on May 27, 2025, subject to customary closing conditions.
The 2030 Notes will be convertible into cash, shares of common stock of the Company (“common stock”), or a combination thereof, at Porch's election, at an initial conversion price representing an approximately 60% premium to the volume weighted average price (VWAP) of Po...
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19.05.25 - 15:06
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Porch Group Announces HOA is a Top Ranked Performer in AM Best Report (Business Wire)
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SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced the continued outstanding performance of Homeowners of America Insurance Company (“HOA”), per the AM Best Market Share Report1, as well as continued exceptional loss ratio performance at HOA and the Porch Reciprocal Exchange in Q1 2025.
In 2024, the final year of Porch's ownership of HOA, the carrier was ranked number 1 in Texas for Direct Combined Ratio2 performance among homeowners insurance carrier peers. Additionally, HOA ranked third nationally, its best ever performance.
Porch's underwriting strength reflects Porch's unique data advantage including insights into 90% of US properties, continued underwriting improvements made over the last several years, and rigorous risk selection to support long-term, sustainable profitability.
“The AM Best report for 2024 underscores another year of exceptional underwriting discipline and execution,” s...
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06.05.25 - 22:03
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Porch Group Reports First Quarter 2025 Results (Business Wire)
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Exceeds Expectations and Increases Guidance Driven by Insurance Services
SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today reported first quarter results through March 31, 2025, that exceeded expectations and correspondingly raised 2025 guidance.
Porch generated for shareholders1 first quarter 2025 revenue of $84.5 million. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million, an increase of $33.6 million compared to prior year2.
On January 2, 2025, the Porch Reciprocal Exchange (“Reciprocal”) was formed as an insurance entity owned by its policyholder-members and not by Porch. Simultaneously, Porch Group sold its legacy homeowners insurance carrier Homeowners of America (“HOA”) to the Reciprocal in exchange for a surplus note and became its manager, receiving commissions and fees. Given the existence of a surplus note, the Reciprocal is consolidated as a variabl...
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23.04.25 - 19:03
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Porch Group to Release First Quarter 2025 Earnings on May 6, 2025 (Business Wire)
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SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (Nasdaq: PRCH), a new kind of homeowners insurance company, today announced it will report financial results for the first quarter ended March 31, 2025, after markets close on Tuesday, May 6, 2025.
Q1'25 Earnings Conference Call
Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, May 6, 2025, at 5:00 p.m. Eastern (2:00 p.m. Pacific). A presentation to accompany the discussion will be posted on the company website, along with a press release and other supplemental financial information.
All are invited to listen to the event by registering for the webinar here. A webinar replay will also be available in the Investors section of Porch's corporate website.
About Porch Group
Porch Group, Inc. ("Porch") is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software sol...
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