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Porch Group, Inc.

10.86

+1.5316.40%

Post-market: 10.80-0.0600-0.55%19:57 EDT

Volume:4.55M

Turnover:48.28M

Market Cap:1.12B

PE:-97.18

High:11.00

Open:9.60

Low:9.50

Close:9.33

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Overview Company News Filings

Porch Shares up 41% After Q4 Profit Beats Estimates

THOMSON REUTERS

Porch Group Announces Attendance At Upcoming Investor Events

Loop Upgrades Porch Group to Buy From Hold, Price Target is $6

MT Newswires Live

Porch Group Raised to Buy From Hold by Loop Capital

Porch Group Inc (PRCH) Q4 2024 Earnings Call Highlights: Record Adjusted EBITDA and Optimistic ...

Porch Group Inc reports results for the quarter ended December 31 - Earnings Summary

Porch Group Q4 Sales $100.36M Miss $110.30M Estimate

BRIEF-Porch Group Q4 Revenue USD 100.4 Million Vs. IBES Estimate USD 110.3 Million

Porch Group Q4 Cash & Investments USD 350.4 Million

THOMSON REUTERS

Porch Group Reports Fourth Quarter 2024 Results

Porch Group Inc expected to post earnings of 6 cents a share - Earnings Preview

Is Porch Group, Inc. (PRCH) the Hot Software Stock with High Upside Potential?

US insurance composite holds steady amid declines in reinsurers and standard commercial insurers last week

Press Release: Porch Group to Release Fourth Quarter 2024 Earnings on February 25, 2025

Here’s Why Porch Group, Inc. (PRCH) Is Skyrocketing

US insurance composite drops 3% last week as wildfires compound global equity woes

Institutional investors may overlook Porch Group, Inc.'s (NASDAQ:PRCH) recent US$65m market cap drop as long-term gains remain positive

Simply Wall St.

Porch announces completion of PIRE and sale of HOA to PIRE

Porch Group Completes Formation of Porch Insurance Reciprocal Exchange and Corresponding Sale of Homeowners of America Insurance Company

THOMSON REUTERS

Porch Group Completes Formation of Porch Insurance Reciprocal Exchange and Corresponding Sale of Homeowners of America Insurance Company

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These investor events and future events can be found on our website here.Porch Group, Inc.,  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 services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders.Lois Perkins, Head of Investor RelationsPorch Group, Inc.Loisperkins@porch.com","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/porch-group-announces-attendance-upcoming-133000641.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"conferences","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4122","PRCH","BK4023"],"gpt_icon":0},{"id":"2514834236","title":"Loop Upgrades Porch Group to Buy From Hold, Price Target is $6","url":"https://stock-news.laohu8.com/highlight/detail?id=2514834236","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514834236?lang=en_us&edition=fundamental","pubTime":"2025-02-26 20:44","pubTimestamp":1740573879,"startTime":"0","endTime":"0","summary":"Porch Group (PRCH) has an average rating of overweight and mean price target of $6.75, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major 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07:22 ET (12:22 GMT)","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2514011710","title":"Porch Group Inc (PRCH) Q4 2024 Earnings Call Highlights: Record Adjusted EBITDA and Optimistic ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2514011710","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514011710?lang=en_us&edition=fundamental","pubTime":"2025-02-26 15:17","pubTimestamp":1740554235,"startTime":"0","endTime":"0","summary":"Adjusted EBITDA : $42 million, a record for the company.Revenue : $100.4 million, a 12% decrease from the prior year.Revenue Guidance : $400 million at the midpoint.Adjusted EBITDA Guidance : $60 million at the midpoint, with a 15% margin.Gross Written Premium : $112 million, broadly flat compared to the prior year.Insurance Revenue : $72 million, with 29% organic growth trends.Vertical Software Revenue : $29.3 million, a 6% increase from the prior year.Corporate Expenses : $12 million, $8 million lower than the prior year.Cash and Investments : $70 million, excluding HOA.Surplus Note Balance : Increased to $106 million.Gross Loss Ratio : 21%, down from 36% last year.Gross Combined Ratio : 79%, an improvement from 88% in the prior year.GuruFocus has detected 4 Warning Signs with PRCH.Porch Group Inc  achieved its goal of adjusted EBITDA profitability for the full year 2024, delivering $7 million, which was better than guidance.Q: Can you provide more color on the enthusiasm for the 202","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/porch-group-inc-prch-q4-071715968.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PRCH"],"gpt_icon":0},{"id":"2514021012","title":"Porch Group Inc reports results for the quarter ended December 31 - Earnings Summary","url":"https://stock-news.laohu8.com/highlight/detail?id=2514021012","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514021012?lang=en_us&edition=fundamental","pubTime":"2025-02-26 09:00","pubTimestamp":1740531602,"startTime":"0","endTime":"0","summary":"Porch Group Inc reports results for the quarter ended December 31 - Earnings SummaryPorch Group Inc PRCH.OQ reported quarterly adjusted earnings of 31 cents per share for the quarter ended December 31","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250226:nL5N3PH02R:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2514042604","title":"Porch Group Q4 Sales $100.36M Miss $110.30M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2514042604","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514042604?lang=en_us&edition=fundamental","pubTime":"2025-02-26 05:45","pubTimestamp":1740519928,"startTime":"0","endTime":"0","summary":"Porch Group (NASDAQ:PRCH) reported quarterly sales of $100.36 million which missed the analyst consensus estimate of $110.30 million by 9.01 percent.  This is a 12.43 percent decrease over sales of $114.61 million the","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/25/02/43958808/porch-group-q4-sales-100-36m-miss-110-30m-estimate","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":"Porch Group Q4 Sales $100.36M Miss $110.30M Estimate","news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2514049191","title":"BRIEF-Porch Group Q4 Revenue USD 100.4 Million Vs. IBES Estimate USD 110.3 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2514049191","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514049191?lang=en_us&edition=fundamental","pubTime":"2025-02-26 05:02","pubTimestamp":1740517366,"startTime":"0","endTime":"0","summary":"BRIEF-Porch Group Q4 Revenue USD 100.4 Million Vs. IBES Estimate USD 110.3 Million\n\n\nFeb 25 (Reuters) - Porch Group Q4 net income USD 30.5 million vs. IBES estimate USD 7.13 million.\n\nQ4 adjusted EBITDA USD 41.8 million vs. IBES estimate USD 32.7 million\nQ4 cash & investments USD 350.4 million","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250225:nPLX2A37B2:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2514049977","title":"Porch Group Q4 Cash & Investments USD 350.4 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2514049977","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514049977?lang=en_us&edition=fundamental","pubTime":"2025-02-26 05:02","pubTimestamp":1740517321,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250225:nPLX2A37B2:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4122","BK4023","PRCH"],"gpt_icon":0},{"id":"2514049177","title":"Porch Group Reports Fourth Quarter 2024 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2514049177","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514049177?lang=en_us&edition=fundamental","pubTime":"2025-02-26 05:02","pubTimestamp":1740517320,"startTime":"0","endTime":"0","summary":"Exceeds expectations delivering Q4’24 Net Income of $30m and Adjusted EBITDA of $42m. SEATTLE, February 25, 2025----Porch Group, Inc.  , a homeowners insurance and vertical software platform, today reported fourth quarter results through December 31, 2024, with total revenue of $100.4 million. GAAP net income was $30.5 million, an improvement of $33.0 million compared to the prior year, and Adjusted EBITDA was $41.8 million, an improvement of $30.1 million compared to the prior year.The Texas Department of Insurance approved the Company’s application to form and license the Porch Insurance Reciprocal Exchange . Since the period end, the Company solid its insurance carrier, Homeowners of America, into PIRE, resulting in Porch Group now holding $106 million of surplus notes","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/porch-group-reports-fourth-quarter-210200901.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4023","PRCH","BK4122"],"gpt_icon":0},{"id":"2513210518","title":"Porch Group Inc  expected to post earnings of 6 cents a share - Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2513210518","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513210518?lang=en_us&edition=fundamental","pubTime":"2025-02-22 05:28","pubTimestamp":1740173287,"startTime":"0","endTime":"0","summary":"Porch Group Inc  expected to post earnings of6cents a share - Earnings Preview Porch Group Inc PRCH.OQ PRCH.O is expected to show a fall in quarterly revenue when it reports  results on February 25 fo","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250221:nL5N3PC26T:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2512197694","title":"Is Porch Group, Inc. (PRCH) the Hot Software Stock with High Upside Potential?","url":"https://stock-news.laohu8.com/highlight/detail?id=2512197694","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512197694?lang=en_us&edition=fundamental","pubTime":"2025-02-19 05:17","pubTimestamp":1739913446,"startTime":"0","endTime":"0","summary":"We recently published a list of 10 Hot Software Stocks with High Upside Potential. In this article, we are going to take a look at where Porch Group, Inc. stands against other hot software stocks with high upside potential.As per MarkNtel Advisors, which is a leading consulting, data analytics, andmarket research firm, theUS software marketis expected to grow at a CAGR of ~7.17% over 2024 – 2030. Possessing a strong legacy of innovation and entrepreneurship, the US has been categorized as a world leader in software development, housing a thriving environment of startups, software corporations, and academic institutions. With businesses using technology to fuel creativity, productivity, and competitiveness, the broader US software market continues to move towards digital transformation throughout all industries.In a bid to be more flexible, responsive to market demands, and scalable, it’s important to modernize legacy systems, procedures, and infrastructure apart from implementing cutti","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/porch-group-inc-prch-hot-211726465.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SQQQ","MNQmain","TQQQ","NQmain","BK4122","USJW.SI","QID","NVIW.SI","TSYW.SI","PRCH",".IXIC","PSQ","QLD","BK4023","USAW.SI"],"gpt_icon":1},{"id":"2512616285","title":"US insurance composite holds steady amid declines in reinsurers and standard commercial insurers last week","url":"https://stock-news.laohu8.com/highlight/detail?id=2512616285","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512616285?lang=en_us&edition=fundamental","pubTime":"2025-02-19 00:17","pubTimestamp":1739895478,"startTime":"0","endTime":"0","summary":"US insurance composite holds steady amid declines in reinsurers and standard commercial insurers last weekBy Carlos PallordetFeb 17 - (The Insurer) - The North American insurance composite compiled by","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250218:nL6N3P80GM:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B19Z3581.USD","BK4173","LU0170899867.USD","LU0238689110.USD","LU0265550359.USD","LU0077335932.USD","BK4022","UFCS","LU1116320737.USD","BK4581","BK4019","BK4559","BK4588","MCY","LU1116320901.HKD","RGA","LU0265550946.USD","IE00B19Z3B42.SGD","UHAL","BK4585","EG","MMC","PRCH","LU0187121727.USD","RNR","LU0211331839.USD","LU0054578231.USD","BK4232","LU2244417387.USD","BK4023","LU1983260115.SGD","IE0002270589.USD","BK4107","BK4501","BK4122"],"gpt_icon":0},{"id":"2509786121","title":"Press Release: Porch Group to Release Fourth Quarter 2024 Earnings on February 25, 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2509786121","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509786121?lang=en_us&edition=fundamental","pubTime":"2025-02-07 04:38","pubTimestamp":1738874280,"startTime":"0","endTime":"0","summary":"Porch Group, Inc.  , a homeowners insurance and vertical software platform, today announced it will report financial results for the fourth quarter ended December 31, 2024, after markets close on Tuesday, February 25, 2025.Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, February 25, 2025, at 5:00 p.m. Eastern . 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.Porch Group, Inc.,  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 services for homebuyers including important moving services, leverage unique da","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PRCH"],"gpt_icon":0},{"id":"2503553723","title":"Here’s Why Porch Group, Inc. (PRCH) Is Skyrocketing","url":"https://stock-news.laohu8.com/highlight/detail?id=2503553723","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503553723?lang=en_us&edition=fundamental","pubTime":"2025-01-14 04:56","pubTimestamp":1736801793,"startTime":"0","endTime":"0","summary":"One of the strongest stock market anomalies is the momentum effect, which is the tendency of recent past winners to outperform the recent past losers. That’s why we decided to take a look at some of the recent past winners in this article. These 24 companies, predominantly involved in the quantum computing, biotechnology, and technology sectors, have performed significantly well in the final quarter of 2024, registering spectacular returns over the 3 months.That said, let’s take a look at the top 24 stocks that have skyrocketed and pose a solid growth opportunity in the coming year. We will also explore how well the stocks have performed throughout the year and what they have in store for 2025.To come up with 24 names, we considered only the stocks that have at least $2 billion in market capitalization and have registered commendable returns in the fourth quarter of 2024.A contractor working on home repairs, perfecting the details of a homeowner's dream.Disclosure: None. This article i","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-porch-group-inc-prch-205633840.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PRCH","BK4023","BK4122"],"gpt_icon":0},{"id":"2503582064","title":"US insurance composite drops 3% last week as wildfires compound global equity woes","url":"https://stock-news.laohu8.com/highlight/detail?id=2503582064","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503582064?lang=en_us&edition=fundamental","pubTime":"2025-01-14 00:23","pubTimestamp":1736785410,"startTime":"0","endTime":"0","summary":"US insurance composite drops 3% last week as wildfires compound global equity woesBy Carlos PallordetJan 13 - The North American insurance composite compiled by investment banks Stonybrook Capital and","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250113:nL6N3O90D8:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4232","BK4107","UFCS","LU1941712264.USD","BK4023","LU1941712348.USD","BK5075","L","LU0053666078.USD","CINF","BK4585","BK4162","LU0211331839.USD","BK4022","CRE.UK","SPNT","PRCH","TRUP","IE0002270589.USD","MCY","IE00B19Z3B42.SGD","BK4501","UHAL","EG","BK4019","BK4122","SKWD","IE00B19Z3581.USD","CNA","BK4588"],"gpt_icon":0},{"id":"2502860813","title":"Institutional 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trading...","market":"hk","thumbnail":"https://images.simplywall.st/asset/industry/4422000-choice2-main-header/1585186866479","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/4422000-choice2-main-header/1585186866479"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/software/nasdaq-prch/porch-group/news/institutional-investors-may-overlook-porch-group-incs-nasdaq","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK4588","NQmain","IE00BGHQF748.EUR","BK4122","MNQmain","PRCH","IE00B3QW5Z07.USD","NVIW.SI","TSYW.SI","SQQQ","NDAQ","PSQ","QID",".IXIC","QLD","BK4112","LU2095319765.USD","BK4585","LU2210149790.SGD","USJW.SI","IE00BKPKM429.USD","USAW.SI","BK4023","IE00B64PRP62.GBP","TQQQ","LU2210150020.SGD"],"gpt_icon":1},{"id":"2501620221","title":"Porch announces completion of PIRE and sale of HOA to PIRE","url":"https://stock-news.laohu8.com/highlight/detail?id=2501620221","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501620221?lang=en_us&edition=fundamental","pubTime":"2025-01-07 22:15","pubTimestamp":1736259329,"startTime":"0","endTime":"0","summary":"Porch Group (PRCH) announced the completed formation of the Porch Insurance Reciprocal Exchange, PIRE, and sale of Homeowners of America Insurance 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This brings the total surplus notes2 held by Porch to approximately $106 million. With this transaction now complete, going forward all insurance policies, premium and related claims, as well as all HOA assets and liabilities will be owned by PIRE. Porch Group will receive commissions and fees for providing operating and other services to PIRE, which is expected to deliver more predictable and higher-margin financial 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