Slides
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Q2 2026 Earnings Presentation July 29, 2026 Copyright 2026 Porch Group, Inc. All rights reserved
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Disclaimers Financial Targets Porch is providing guidance and targets for future periods in this presentation, based on current market conditions, assumptions, and expectations as of the date of this presentation. Actual results may vary due to a number of factors, and there is no guarantee that we will be able to achieve these results. Please refer to the below for important disclaimers and a description of these factors. Certain company guidance and forward-looking targets in this presentation exclude the Reciprocal. For the avoidance of doubt, guidance does not include the future results of the Reciprocal. While we consolidate the Reciprocal’s results into Porch GAAP financial statements, the Reciprocal results are allocated to noncontrolling interest owned by the Reciprocal members and not to Porch Shareholders and, therefore, are excluded from guidance for Porch-Owned Segments Revenue (Excluding Reciprocal), Porch- Owned Segments Gross Profit (Excluding Reciprocal), and Adjusted EBITDA (Excluding Reciprocal). Forward-Looking Statements Certain statements in this presentation are considered forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning our financial outlook and guidance, future financial performance and results, possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believe,” “estimate,” “expect,” “project,” “forecast,” “may,” “will,” “should,” “seek,” “plan,” “scheduled,” “anticipate,” “intend,” or similar expressions. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. You should understand that the following important factors, among others, could affect our future results and could cause those results or other outcomes to differ materially from those expressed or implied in our forward-looking statements: expansion plans and opportunities, and managing growth, to build a consumer brand; the incidence, frequency, and severity of weather events, extensive wildfires, and other catastrophes; economic conditions, especially those affecting the housing, insurance, and financial markets; expectations regarding revenue, cost of revenue, operating expenses, and the ability to achieve and maintain future profitability; existing and developing federal and state laws and regulations, including with respect to insurance, warranty, privacy, information security, data protection, and taxation, and management’s interpretation of and compliance with such laws and regulations; the structure, availability, and performance of the Reciprocal's and HOA's reinsurance programs to protect against loss and maintain their financial stability ratings and a healthy surplus, the success of which are dependent on a number of factors outside management’s control; the possibility that a decline in our share price would result in a negative impact to the Reciprocal’s surplus position and may require further financial support to enable the Reciprocal to meet applicable regulatory requirements and maintain financial stability rating; the possibility that a decline in our share price would result in a negative impact to our captive reinsurance business' capital and collateral portfolio, and may require further financial support to enable the captive reinsurance business to meet applicable regulatory requirements; uncertainties related to regulatory approval of insurance rates, policy forms, insurance products, license applications, acquisitions of businesses, or strategic initiatives, and other matters within the purview of insurance regulators (including the discount associated with the shares contributed to HOA, that were subsequently transferred to the Reciprocal in connection with the closing of the sale of HOA to the Reciprocal); the ability of the Company and its affiliates to successfully operate and manage the Reciprocal and our ability to successfully operate our businesses alongside a reciprocal exchange; our ability to implement our plans, forecasts and other expectations with respect to the Reciprocal and to realize expected synergies and/or convert policyholders from our existing insurance carrier business into policyholders of the Reciprocal; reliance on strategic, proprietary relationships to provide us with access to personal data and product information, and the ability to use such data and information to increase transaction volume and attract and retain customers; the ability to effectively integrate and leverage artificial intelligence and machine learning technologies; the ability to develop new, or enhance existing, products, services, and features and bring them to market in a timely manner; changes in capital requirements, and the ability to access capital when needed to provide statutory surplus; our ability to timely repay our outstanding indebtedness; the increased costs and initiatives required to address new legal and regulatory requirements arising from developments related to cybersecurity, privacy, and data governance and the increased costs and initiatives to protect against data breaches, cyber-attacks, virus or malware attacks, or other infiltrations or incidents affecting system integrity, availability, and performance; retaining and attracting skilled and experienced employees; costs related to being a public company; and other risks and uncertainties discussed in Part II, Item 1A, “Risk Factors,” in our Annual Report on Form 10-K (“Annual Report”) for the year ended December 31, 2025, and in our subsequent reports filed with the Securities and Exchange Commission (“SEC”), as well as those discussed elsewhere in this presentation, all of which are available on the SEC’s website at www.sec.gov. We caution you that the foregoing list may not contain all the risks to forward-looking statements made in this presentation. You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this release primarily on our current expectations and projections about future events and trends we believe may affect our business, financial condition, results of operations and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors, including those described above and elsewhere in this presentation. We disclaim any obligation to update publicly any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures such as Porch-Owned Segments Revenue (Excluding Reciprocal), Porch-Owned Segments Gross Profit (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal), Adjusted EBITDA Margin (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal) % of RWP, Insurance Services Adjusted EBITDA, Insurance Services Adjusted EBITDA Margin, Insurance Services Adjusted EBITDA % of RWP, Software & Data Adjusted EBITDA, Consumer Services Adjusted EBITDA, and Attritional Loss Ratio (“ALR”). See appendix for additional information. 2
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 3 Matt Ehrlichman CEO, Chairman & Founder Shawn Tabak Chief Financial Officer Matthew Neagle Chief Operating Officer Strategic Update & KPIs Key Updates Financials & Guidance Agenda
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 4 Key Updates Matt Ehrlichman CEO, Chairman & Founder
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 32% $140 Reciprocal Written Premium (RWP) $44 Insurance Services Adjusted EBITDA RWP Converting To Strong Adjusted EBITDA 5 Notes: All numbers are $million unless otherwise stated and are unaudited. ¹ Refers to Insurance Services Adjusted EBITDA (Excluding Reciprocal) % of RWP. Insurance Services Adjusted EBITDA % of RWP is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures ² Refers to Adjusted EBITDA (Excluding Reciprocal) % of RWP. Adjusted EBITDA (Excluding Reciprocal) % of RWP is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures Adjusted EBITDA (Excluding Reciprocal) and Insurance Services Adjusted EBITDA are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. Q2’26 net income attributable to Porch was $5.6 million; Q2’26 Insurance Services Gross Profit was $81.2 million $39 Adjusted EBITDA (Excl. Reciprocal) 28% ¹ ²
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 6 Capacity The Insurance Growth Engine Top of Funnel RWP from New CustomersConversion
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 42.5K 58.7K Q2'25 Q2'26 Reciprocal Policies Written Grew 38% YoY 7 Policy Growth Supports Sustainable Premium Growth +38% YoY
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Statutory Surplus Improves Again 8 Statutory Surplus Supports Strong Growth Capacity $ mil. +33% YoY +$43m YoY $127 $170 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Capacity Top of Funnel Conversion Notes: All numbers are $million unless otherwise stated and are unaudited.
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 9 Notes: Quote volumes and agency branch locations are based on internal data and are shown in the charts on quarterly averages Drives Higher Quote VolumesMore Producing Agency Branch Locations... +148% YoY +87% YoY Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Agency and Quote Volumes Grow Rapidly Capacity Top of Funnel Conversion
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 10 Notes: Conversion rates relate to new policies. Conversion rates for new policies are based on internal data and are shown in the charts on quarterly averages Conversion Remains Elevated on a YoY Basis +58% YoY Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Conversion Rates Impacted by Softer Market Capacity Top of Funnel Conversion
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 11 Notes: Conversion rate is calculated as policies issued divided by quotes over the trailing 30-day period; line reflects a 7-day average of that trailing rate. Based on internal data Conversion Improved Exiting Q2 Capacity Top of Funnel Conversion Conversion Inflection Following June Actions 5/21 - 5/27 5/28 - 6/3 6/4 - 6/10 6/11 - 6/17 6/18 - 6/24 6/25 - 7/1 7/2 - 7/8 7/9 - 7/15 June actions Conversion Rate Trend Conversion lift Soft market impact
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 RWP From New Customers Tripled YoY 12 Notes: RWP from new customers is based on internal data and is shown on a quarterly total basis. RWP from New Customers Inflecting Higher +206% YoY Q2'25 Q3'25 Q4'25 Q1'26 Q2'26
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 13 Financials & Guidance Shawn Tabak Chief Financial Officer
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Q2'26 Profitability Step-Up +150% YoY growth driven by Insurance Services $15.6 $39.1 Q2'25 Q2'26 150% YoY Notes: All numbers are $million unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal) is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. $2.6 $5.6 Q2'25 Q2'26 117% YoY Net Income Attributable to Porch Adjusted EBITDA (Excluding Reciprocal) 14
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved $67.4 $92.9 Q2'25 Q2'26 $107.0 $131.8 Q2'25 Q2'26 $126.1 $140.9 Q2'25 Q2'26 Consolidated Revenue Q2'26 Revenue Insurance Services revenue & policies written grew 38% Porch-Owned Segments Revenue (Excluding Reciprocal) 12% YoY 23% YoY Notes: All numbers are $million unless otherwise stated and are unaudited. Porch-Owned Segments Revenue (Excluding Reciprocal) is a non-GAAP financial measure and was previously presented as "Porch Shareholder Interest Revenue" in past quarters. . Please see slide 2 and appendix for important information regarding non-GAAP measures. Insurance Services Revenue 38% YoY 15
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 16 Insurance Services Strong revenue growth driven by growth in policies written Notes: All numbers are $million unless otherwise stated and are unaudited. Insurance Services Adjusted EBITDA and Insurance Services Adjusted EBITDA Margin are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. • 38% YoY revenue growth driven by RWP and growth in policies written • Gross margin remained strong at 87%; +150bps YoY gross margin expansion • Adj. EBITDA margin of 48% $67.4 $92.9 Q2'25 Q2'26 $57.9 $81.2 Q2'25 Q2'26 $19.7 $44.0 Q2'25 Q2'26 Revenue Gross Profit Adjusted EBITDA 38% YoY 40% YoY 126% YoY 87% margin86% margin 48% margin29% margin
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 17 Software & Data and Consumer Services Steady results in a stagnant housing market Notes: All numbers are $million unless otherwise stated and are unaudited. Software & Data Adjusted EBITDA and Consumer Services Adjusted EBITDA are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. $24.0 $23.1 Q2'25 Q2'26 $18.2 $17.4 Q2'25 Q2'26 $5.5 $5.2 Q2'25 Q2'26 Revenue Gross Profit Adjusted EBITDA -4% YoY -4% YoY -6% YoY $17.6 $18.1 Q2'25 Q2'26 $15.2 $15.3 Q2'25 Q2'26 $2.0 $3.2 Q2'25 Q2'26 3% YoY ~Flat YoY 66% YoY Software & Data Consumer Services Revenue Gross Profit Adjusted EBITDA
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 18 Reciprocal Statutory surplus grew 33% YoY driven by strong underwriting Notes: All numbers are $million unless otherwise stated and are unaudited. Attritional Loss Ratio (ALR) is a non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. • Statutory surplus +33% YoY • Q2 2026: Gross Loss Ratio 38% | Attritional Loss Ratio 18% $127.0 $169.9 Q2'25 Q2'26 Statutory Surplus 33% YoY
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 19 Balance Sheet Update $127m Porch-Owned Segments & Corporate Cash + Investments1 as of June 30, 2026 Notes: All numbers are $million unless otherwise stated and are unaudited. (1) Represents Porch-owned segments and corporate cash, cash equivalents, investments and restricted cash as presented on the Company's unaudited Balance Sheet (2) Represents Reciprocal cash, cash equivalents, investments and restricted cash as presented on the Company’s unaudited Balance Sheet $331m Reciprocal Cash + Investments2 as of June 30, 2026 ▪ Porch cash + investments slight decrease versus Q1’26, driven by: o 2.1 million share purchase (from the Reciprocal) o Bi-annual interest payment on notes of $17 million ▪ Cash generation remained consistent with our framework of Adjusted EBITDA (Excluding Reciprocal) less cash interest and normal timing items ▪ Reciprocal liquidity also remains strong
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 $119m to $125m Prior Guidance: $103m to $109m $419m to $429m Prior Guidance: $401m to $413m Midpoint of $512m represents 22% YoY growth Prior guidance midpoint represented 20% YoY growth 20 2026 Porch-Owned Segments Guidance Raising guidance following strong Q2 Adjusted EBITDA (Excluding Reciprocal) Gross Profit (Excluding Reciprocal) Midpoint of $424m represents 23% YoY growth Prior guidance midpoint represented 18% YoY growth Midpoint of $122m represents 59% YoY growth Prior guidance midpoint represented 38% YoY growth $506m to $517m Prior Guidance: $495m to $507m Revenue (Excluding Reciprocal) Notes: All numbers are $million unless otherwise stated and are unaudited. Porch provides guidance and targets for future periods based on current market conditions, assumptions, and expectation as ofthe date of this presentation. Actual results may vary due to a number of factors, and there is no guarantee that we will be able to achieve these results. See slide 2 for important disclaimers. Porch-Owned Segments Revenue (Excluding Reciprocal), Porch-Owned Segments Gross Profit (Excluding Reciprocal), and Adjusted EBITDA (Excluding Reciprocal) are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures and important disclaimers. Porch Group is not providing reconciliations of non-GAAP measures for future periods to the most directly comparable measures prepared in accordance with GAAP because the Company is unable to provide these reconciliations without unreasonable effort because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of the Company’s control. See slide 2 for further details.
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 21 Strategic Update & KPIs Matthew Neagle Chief Operating Officer
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 AI Updates Deeper AI Engagement 22 • Existing advantaged position with proprietary data; value rises as AI capabilities mature • Broad adoption of AI tooling and early productivity improvements across engineering • AI is improving product and support capabilities 3 1 2
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 $120.7 $139.8 Q2'25 Q2'26 16% YoY Insurance Services Q2'26 KPIs New customers driving growth in policies written 23 Reciprocal Written Premium (RWP) 42.5K 58.7K Q2'25 Q2'26 38% YoY Reciprocal Policies Written $2,843 $2,383 Q2'25 Q2'26 -16%* YoY RWP Per Policy Written¹ *RWP Per Policy Written declined YoY primarily due to mix shift toward new customer policies, which typically carry lower premium than renewal policies. New customer premium per policy declined -4% YoY Notes: All numbers are $million unless otherwise stated and are unaudited. 1) Figures are unrounded
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 $3,974 $4,926 Q2'25 Q2'26 Software & Data + Consumer Services Q2'26 KPIs 24 Notes: 1) Figures are unrounded Software and Data number of companies of 18.7K times the $4,926 annualized revenue per company, divide by four quarters equals the quarterly segment revenue of $23.1 million. Consumer Services monetized services of 83.9K times $216 revenue per transaction equals the quarterly segment revenue of $18.1 million. 24.2K 18.7K Q2'25 Q2'26 -22% YoY Average Number of Companies 24% YoY Annualized Average Revenue Per Company¹ 87.2K 83.9K Q2'25 Q2'26 -4% YoY Number of Monetized Services $202 $216 Q2'25 Q2'26 7% YoY Average Revenue Per Monetized Service¹ Software & Data Consumer Services
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved 25 Wrap Up Matt Ehrlichman CEO, Chairman & Founder
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved • Raised outlook: $122M Adj. EBITDA (Excl. Reciprocal) midpoint, tracking $660M MT target • Growth engine strengthening: 38% policy growth and $600M RWP on track • Stronger financial profile: Rule of 50, path to <3x leverage, positive net income Wrap Up: Strong Execution Across the Board 26 3 1 2 Notes: All numbers are $million unless otherwise stated and are unaudited. Porch provides guidance and targets for future periods based on current market conditions, assumptions, and expectation as ofthe date of this presentation. Actual results may vary due to a number of factors, and there is no guarantee that we will be able to achieve these results. See slide 2 for important disclaimers.
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Q2'26 Earnings Q&A 27
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Q2'26 Earnings APPENDIX 28
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Consolidated Gross Profit $82.7 $87.6 Q2'25 Q2'26 Q2'26 Gross Profit -1% Yo Y 15% YoY Porch-Owned Segments Gross Profit (Excluding Reciprocal) $89.2 $111.6 Q2'25 Q2'26 6% YoY 25% YoY Notes: All numbers are $million unless otherwise stated and are unaudited. Porch-Owned Segments Gross Profit (Excluding Reciprocal) is a non-GAAP financial measure and was previously presented as "Porch Shareholder Interest Gross Profit“ in past quarters. Please see slide 2 and appendix for important information regarding non-GAAP measures.
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved $44.4 $5.2 $3.2 ($13.8) Q2'26 Adjusted EBITDA (Excluding Reciprocal) Bridge $39.1 Q2'26 Adjusted EBITDA (Excl. Reciprocal) Insurance Services Adj. EBITDA Software & Data Adj. EBITDA Consumer Services Adj. EBITDA Unallocated Corporate Expenses & Eliminations Notes: All numbers are $million unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal), Insurance Services Adjusted EBITDA, Software & Data Adjusted EBITDA, and Consumer Services Adjusted EBITDA are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. $81.2m Gross Profit $17.4m Gross Profit $15.3m Gross Profit $5.6m Net Income Attributable to Porch
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Q2'26 Segment Level Results 31 $92.9m $81.2m $44.4m Reciprocal Insurance Services Software & Data Consumer Services Revenue Gross Profit Adj EBITDA $23.1m $17.4m $5.2m $18.1m $15.3m $3.2m $59.6m $22.7m Notes: All numbers are $million unless otherwise stated and are unaudited. Insurance Services Adjusted EBITDA, Software & Data Adjusted EBITDA, and Consumer Services Adjusted EBITDA are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. Unallocated corporate expenses were $13.8m
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 $140m Reciprocal Written Premium 32 Insurance Services: High Margin and Predictable 1 5 2 3 4 Management fees Low earnings volatility reinsurance Policy fees Fees for homebuyer leads Surplus note interest Insurance Services Income Streams $92.9m Revenue $81.2m Gross Profit 87% margin $44.4m Adjusted EBITDA 48% margin 32% Insurance Services Adj EBITDA % of RWP Notes: All numbers are $million unless otherwise stated and are unaudited. Insurance Services Adjusted EBITDA, Insurance Services Adjusted EBITDA Margin, and Insurance Services Adjusted EBITDA % of RWP are non-GAAP financial measures. Please see slide 2 and appendix for important information regarding non-GAAP measures. From Reciprocal From Policyholders From Third Parties Key:
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Non-GAAP Financial Measures 33 These slides, our earnings release, and our earnings call include references to non-GAAP financial measures, such as Porch-Owned Segments Revenue (Excluding Reciprocal), Porch-Owned Segments Gross Profit (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal), Adjusted EBITDA Margin (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal) % of RWP, Insurance Services Adjusted EBITDA, Insurance Services Adjusted EBITDA Margin, Insurance Services Adjusted EBITDA % of RWP, Software & Data Adjusted EBITDA, Consumer Services Adjusted EBITDA, and Attritional Loss Ratio (ALR). On January 1, 2025, Porch Group sold its legacy homeowners insurance carrier, Homeowners of America, to the Reciprocal, a separate entity which is owned by its policyholder-members that is a variable interest entity (“VIE”). The Reciprocal is managed, but not owned, by Porch Group, and is consolidated as a VIE for reporting purposes. Results in this presentation reference results generated for Porch-Owned Segments, which includes the Insurance Services, Software & Data, and Consumer Services segments. Along with corporate functions, these are the businesses which Porch owns. This presentation also includes consolidated results which is Porch-Owned Segments (Insurance Services, Software & Data, Consumer Services), corporate functions, and the Reciprocal Segment. Porch-Owned Segments amounts are non-GAAP measures; see Non-GAAP Financial Measures section of the earnings release for definitions and reconciliations to GAAP Measures. Our management uses these non-GAAP financial measures as supplemental measures of our operating and financial performance, for internal budgeting and forecasting purposes, to evaluate financial and strategic planning matters, and to establish certain performance goals for incentive programs. We believe that the use of these non- GAAP financial measures provides investors with useful information to evaluate our operating and financial performance and trends and in comparing our financial results with competitors, other similar companies and companies across different industries, many of which present similar non-GAAP financial measures to investors. However, our definitions and methodology in calculating these non-GAAP measures may not be comparable to those used by other companies. In addition, we may modify the presentation of these non-GAAP financial measures in the future, and any such modification may be material. You should not consider these non-GAAP financial measures in isolation, as a substitute to or superior to financial performance measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude specified income and expenses, some of which may be significant or material, that are required by GAAP to be recorded in our consolidated financial statements. We may also incur future income or expenses similar to those excluded from these non- GAAP financial measures, and the presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or non- recurring items. In addition, these non-GAAP financial measures reflect the exercise of management judgment about which income and expense are included or excluded in determining these non-GAAP financial measures. You should review the tables accompanying the earnings release and the tables that follow for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures — these documents with reconciliations are available on our website at ir.porchgroup.com. We are not providing reconciliations of non-GAAP financial measures for future periods to the most directly comparable measures prepared in accordance with GAAP. We are unable to provide these reconciliations without unreasonable effort because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of our control.
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Copyright 2026 Porch Group, Inc. All rights reserved 241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Reconciliation of Non-GAAP Measures 34 Notes: All numbers are $million unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal), Adjusted EBITDA Margin (Excluding Reciprocal), Adjusted EBITDA (Excluding Reciprocal) % of RWP, and Attritional Loss Ratio are non-GAAP financial measures. Please see slide 2 for important information regarding non-GAAP measures.
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved Glossary 35 Term Definition Annualized Average Revenue per Company We define as the revenue generated across the Software & Data segment in the period over the Average Number of Companies in the period, which is then annualized (for example, for a given quarter, multiplied by 4). Average Number of Companies We define as the average number of companies during the period across all of our Software & Data segment. Average Revenue per Monetized Service We define as total Consumer Services segment revenue generated in the period over the number of Monetized Services. Number of Monetized Services We define as the total number of services from which we generated revenue, including, but not limited to, new and renewing warranty policies, completed moving jobs, sold security, TV/Internet or other home projects, measured over the period. This only includes services from Consumer Services segment and does not include insurance policies sold. Porch-Owned Segments We define Porch-Owned Segments as the Insurance Services, Software & Data, and Consumer Services segments. We previously referred to Porch-Owned Segments as “Porch Shareholder Interest.” On January 1, 2025, Porch Group sold its legacy homeowners insurance carrier Homeowners of America to the Reciprocal, a separate entity which is owned by its policyholder-members that is a variable interest entity ("VIE"). The Reciprocal is managed, but not owned by Porch Group, and is consolidated as a VIE for reporting purposes. Results in this presentation reference results generated for Porch-Owned Segments. Along with corporate functions, these arethe businesses which Porch owns. Porch-Owned Segments amounts are non-GAAP measures. Porch-Owned Segments Gross Profit (Excluding Reciprocal) We define as consolidated gross profit, less the Reciprocal segment and eliminations. This represents gross profit generated from the Insurance Services, Software & Data, and Consumer Services segments and was previously presented as "Porch Shareholder Interest Gross Profit" in past quarters. Porch-Owned Segments Revenue (Excluding Reciprocal) We define as consolidated revenue, less the Reciprocal segment and eliminations. This represents revenue generated from the Insurance Services, Software & Data, and Consumer Services segments and was previously presented as "Porch Shareholder Interest Revenue" in past quarters. Reciprocal Policies Written We define as the number of new and renewal insurance policies written during the period by the Reciprocal Segment. Reciprocal Written Premium (“RWP”) We define as the total premium written by the Reciprocal for the face value of one year’s premium gross of cancellations, plus surplus contributions and policy fees, and before deductions for reinsurance in the period. RWP excludes the impact of cancellations and premiums ceded to reinsurers and includes surplus contributions and policy fees, and, therefore, should not be used as a substitute for revenue. We use RWP to manage the business because we believe it represents the business volume generated by associated customer acquisition activities and is reflective of the competitive market position when evaluated on a per written policy basis and is a key driver of both Porch and the Reciprocal’s growth and profit opportunities. RWP per Policy Written We define as the RWP in the period, which is reflective of the total amount a policyholder is expected to pay, divided by theReciprocal Policies Written in the period. Surplus combined with non-admitted assets We define as the total policyholder surplus per statutory reporting, plus the non-admitted assets that include a portion relatedto Porch stock held by the Reciprocal which is applied as a discount in regulatory and statutory reporting.
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241. 174. 0 56. 120. 21766. 172. 180 215. 81. 69 179. 90. 214 47. 62. 84 Heading text highlightSub heading 149. 149. 149 Copyright 2026 Porch Group, Inc. All rights reserved 36 Email: IR@porch.com Website: IR.porchgroup.com THANK YOU