Porch Group, Inc., a company redefining homeowners insurance, announced its second quarter results for the period ending June 30, 2026, showcasing a performance that not only exceeded expectations but also prompted the company to raise its guidance for the remainder of the year.

1. CEO Commentary

CEO Matt Ehrlichman expressed optimism regarding the company’s performance, stating, “Q2 was a strong quarter and another clear proof point that the model is working.” He highlighted the significant growth in Adjusted EBITDA (Excluding Reciprocal) and the achievement of positive net income attributable to Porch. Ehrlichman noted that the company’s Insurance Services segment is outperforming expectations, with a 38% year-over-year increase in total Reciprocal Policies Written. He emphasized the robust capacity and expanding top-of-funnel activities, positioning Porch for sustained profitability and disciplined premium growth moving forward.

2. Second Quarter 2026 Financial Highlights

Porch Group reported impressive financial metrics for Q2 2026:

Consolidated Revenue: The company generated $140.9 million in consolidated revenue, representing a 12% increase compared to the same quarter last year. Revenue from Porch-Owned Segments (excluding Reciprocal) reached $131.8 million, marking a significant 23% year-over-year growth.

Insurance Services Growth: The Insurance Services segment led the charge with revenue of $92.9 million, an impressive 38% increase year-over-year.

Net Income: Porch recorded a net income of $5.6 million for the quarter.

Adjusted EBITDA: The company’s Adjusted EBITDA (Excluding Reciprocal) surged to $39.1 million, reflecting a remarkable 150% year-over-year growth, largely driven by $139.8 million in Reciprocal Written Premium (RWP).

Gross Profit: Consolidated gross profit for the quarter stood at $87.6 million, while gross profit from Porch-Owned Segments (excluding Reciprocal) grew to $111.6 million, a 25% increase from the previous year.

3. Operational Highlights

In addition to strong financial performance, Porch Group demonstrated robust operational growth:

Top-of-Funnel Expansion: The company reported a 148% increase in agency branch locations compared to Q2 2025, alongside an 87% rise in quote volumes, indicating effective customer acquisition strategies.

Customer Conversion: Conversion rates remained above prior-year levels, contributing to a remarkable 206% year-over-year growth in RWP from new customers, with the momentum building as the quarter closed.

Policies Written: The total Reciprocal Policies Written grew by 38% year-over-year, an acceleration from the 33% growth rate observed in Q1 2026.

Financial Capacity: The statutory surplus at the Porch Reciprocal Exchange reached $169.9 million, a 33% increase from Q2 2025 and a 3% rise from the previous quarter. Combined with non-admitted assets, the total surplus reached $376.5 million, ensuring that Porch can scale premiums effectively while maintaining a healthy Reciprocal.

4. Conclusion

Porch Group, Inc. has demonstrated a strong trajectory in Q2 2026, with significant revenue growth, an impressive increase in net income, and a strategic expansion of its operational capacities. By raising its guidance for the year, the company indicates confidence in its ongoing strategy and market position. As Porch continues to innovate within the homeowners insurance space, stakeholders will be keen to see how these promising trends evolve in the coming quarters.

Original press release