Porch Group, Inc., a homeowners insurance-company/" style="color:#c0392b;font-weight:700;text-decoration:underline;" class="hta-topic-link">insurance company, has reported consolidated revenue of $143.9 million for the third quarter of 2026, up 13% year on year, led by Insurance Services revenue of $102.8 million, a 39% increase on the prior-year quarter.
Porch-Owned Segments Revenue (Excluding Reciprocal), which represents revenue contributions across Porch-owned businesses, stood at $140.8 million in Q3’26, up 22% year on year.
Insurance Services was the largest contributor, while Software & Data generated revenue of $22.3 million and Consumer Services $18.3 million. Reciprocal revenue stood at $58.1 million.
Net income attributable to Porch amounted to $12.2 million.
Adjusted EBITDA (Excluding Reciprocal) increased 116% year on year to $44.5 million, largely driven by $161 million of Reciprocal Written Premium and 42% growth in Reciprocal Policies Written.
Consolidated gross profit totalled $107.9 million. Porch-Owned Segments Gross Profit (Excluding Reciprocal), representing gross profit contributions across Porch-owned businesses, grew 28% to $120.8 million.
Matt Ehrlichman, Chief Executive Officer, Chairman and Founder of Porch Group, said, “Porch continues to execute at a high level. In Q3, we rapidly grew Reciprocal Policies Written 42% year-over-year, more than doubled Adjusted EBITDA (Excluding Reciprocal) versus the prior-year period, generated strong Adjusted EBITDA (Excluding Reciprocal) conversion to cash for Porch shareholders, further improved our leverage ratio to the low end of our targeted range, and raised our full-year outlook again. Importantly, Insurance Services is operating as a Rule of 80 business in a soft insurance market, reinforcing our confidence that the model we have built can perform across market cycles. Our proprietary data, disciplined underwriting, expanding distribution, and largely fixed cost base are creating a powerful combination of growth and operating leverage.
“With that organic foundation firmly in place, we are excited to further accelerate our growth through the pending acquisition of Allied Trust. This is a high-quality insurance business that would add scale, products, geographic reach, an experienced team, and more than a decade of operating data. We believe Porch can make those assets even more valuable over time through our proprietary property data, distribution network, and insurance operating capabilities. Allied Trust is expected to strengthen an already compelling growth profile and position Porch for a meaningful step forward in 2027.”
