PRCH

Porch Group, Inc. operates as a vertical software platform for the home services and insurance industries, connecting homeowners with service professionals while providing insurance solutions. Headquartered in Seattle, Washington, the company serves homeowners throughout the United States through its integrated technology ecosystem. Porch operates two primary business segments: Porch Services, which offers software and services to approximately 30,000 home services companies and inspectors, and Porch Insurance, which provides homeowners insurance policies through its managing general agency and underwriting operations. The platform facilitates over 3 million jobs annually and maintains relationships with moving companies, utilities, and real estate professionals to reach consumers during critical home transition moments. The company has expanded its insurance capabilities through strategic acquisitions, including American Home Protect and Homeowners of America Insurance Company, establishing a significant presence in the homeowners insurance market. Porch monetizes its platform through software subscriptions, insurance premiums and commissions, and transaction fees from connecting homeowners with service providers. The company went public through a special purpose acquisition company merger in December 2020 and trades on the NASDAQ exchange. Its business model leverages data and technology to streamline the historically fragmented home services marketplace while building an insurance operation that serves homeowners across multiple touchpoints in their homeownership journey.