Porch Group's Q1: Record-Breaking Results

Porch Groups Q1 2026 results exceeded expectations, with a 18% increase in reciprocal written premium to $114 million, a 29% rise in revenue to $109 million, and a 83% gross profit margin of $91 million. Adjusted EBITDA reached $20 million, and full-year guidance was raised for revenue, gross profit, and adjusted EBITDA. The Insurance Services segment grew 50% year-over-year. Statutory surplus surged 59% to $165 million, and production metrics like agency branches, quote volumes, and conversion rates soared. Porch maintains a strong combined ratio nationally and in Texas, and cash plus investments rose to $134 million. The company targets $600 million in organic reciprocal written premium for the year and raised revenue guidance to $495-507 million. AI is enhancing operations, and Porch is scaling rapidly with increased capacity, distribution, and conversion. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/be6f16537211d2b6