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NEWS ER
Porch Group's Investor Day to Highlight 2026 $100m Adj EBITDA Target(1,2)
8 minutes ago, 5:30 AM PST
Via BusinessWire
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today shared details about its upcoming in-person Investor Day, scheduled for December 5, 2024 starting at 9am Eastern in New York and virtually.
The event will provide key updates and insights into the Company's strategy, growth plans and opportunities. Topics to be covered include:
• Financial targets1,2 including Adjusted EBITDA of $50 million in 2025 and $100 million in 2026
• How Porch's new Insurance Services segment is expected to operate, including path to grow to $600+ million in gross written premium by 2026, and expectation of generating higher margins and profits post the Reciprocal launch
• Details about many of Porch's businesses including how they create advantages for the homeowners insurance business
• The significant opportunity with Porch's data business and its new Home Factors product which helps carriers and other companies understand more details about properties to assess risk
• The company's capital philosophy to support sustainable growth
• Adjustments to financial reporting segments and related KPIs
8 minutes ago, 5:30 AM PST
Via BusinessWire
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today shared details about its upcoming in-person Investor Day, scheduled for December 5, 2024 starting at 9am Eastern in New York and virtually.
The event will provide key updates and insights into the Company's strategy, growth plans and opportunities. Topics to be covered include:
• Financial targets1,2 including Adjusted EBITDA of $50 million in 2025 and $100 million in 2026
• How Porch's new Insurance Services segment is expected to operate, including path to grow to $600+ million in gross written premium by 2026, and expectation of generating higher margins and profits post the Reciprocal launch
• Details about many of Porch's businesses including how they create advantages for the homeowners insurance business
• The significant opportunity with Porch's data business and its new Home Factors product which helps carriers and other companies understand more details about properties to assess risk
• The company's capital philosophy to support sustainable growth
• Adjustments to financial reporting segments and related KPIs
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