Slides
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Q3 2026 Earnings Presentation October 28, 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 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 Porch Reciprocal Exchange (the “Reciprocal”)’s and Homeowners of America (“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 initiative, 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; the risk that the proposed acquisition of Allied Trust Insurance Company, Allied Underwriters LLC and Lonestar Lagniappe Reinsurance Holdings, LLC (the “Allied Trust Acquisition”) may not be completed on the anticipated terms or timeline, or at all, including due to failure to obtain required approvals from the Texas Department of Insurance or other insurance regulators, or the imposition of conditions on those approvals; the occurrence of any event, change or other circumstance that could give rise to the termination of the Allied Trust Acquisition purchase agreement; the effect of the announcement or pendency of the Allied Trust Acquisition on relationships with policyholders, producers, reinsurers, regulators and employees, and on our operating results; transaction-related costs and the diversion of management’s attention associated with the Allied Trust Acquisition; adjustments to the purchase price negotiated in the Allied Trust Acquisition, including based on the acquired insurer’s statutory surplus at closing; our ability to integrate the acquired businesses and realize the anticipated benefits of the Allied Trust Acquisition; 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 develop new, or enhance existing, products, services, and features and bring them to market in a timely manner; the ability to effectively integrate and leverage artificial intelligence and machine learning technologies; 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 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 presentation 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 (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. Combined Company Forward-Looking Data The combined company figures with respect to the Allied Trust Acquisition reflect management’s internal estimates and targets and do not constitute pro forma financial information. Actual results will depend on the timing of the closing, the success of integration efforts, and other factors described above under “Forward-Looking Statements.” Inclusion of combined company figures in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Disclaimers 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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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 • 6th consecutive Rule of 80 quarter for Insurance Services • >2x YoY growth in Adjusted EBITDA (Excluding Reciprocal) • 42% YoY growth in Reciprocal Policies Written Q3’26 Key Messages 5 3 1 2 Notes: All numbers are $million unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal) is a non-GAAP measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. 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 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. • Another guidance raise 4 • Allied extends an organic platform that is already performing well5
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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 31% $50 Insurance Services Adjusted EBITDA Q3’26 RWP & Policies Written Drive Strong Adj. EBITDA 6 Notes: All numbers are $million unless otherwise stated and are unaudited. ¹ Refers to Insurance Services Adjusted EBITDA % 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. Q3’26 net income attributable to Porch was $12.2 million; Q3’26 Insurance Services Gross Profit was $91.2 million $44 Porch Group Adjusted EBITDA (Excluding Reciprocal) 28% ¹ ² $161M Reciprocal Written Premium 68K Reciprocal Policies Written +
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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 7 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 47.7K 67.5K Q3'25 Q3'26 Reciprocal Policies Written Grew 42% YoY 8 Policy Growth Supports Sustainable Premium Growth +42% 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 Reciprocal’s Statutory Surplus Continues to Grow 9 Statutory Surplus Supports Strong Growth Capacity $ mil. +$22m YoY $152 $174 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 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 10 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... +114% YoY Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Agency and Quote Volumes Reflect a Growing Funnel Capacity Top of Funnel Conversion +79% 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 11 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 +53% YoY Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Conversion Rates Remain Solid 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 RWP From New Customers Continues to Climb 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 +178% YoY Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26
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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 Allied Trust: Company Background + Strategic Fit 13 ✓Contributes meaningful scale ✓Adds geographic + agency reach ✓Strong talent + operating data More than a decade of claims data ✓Multiple value-creation levers Home Factors, distribution, reinsurance Strong Strategic Fit ■ 10+ years in operation ■ ~$200M¹ Year-1 RWP contribution Assumes full year following closing ■ Louisiana: 42% of 2025 premium New state for Porch ■ Broader product suite ■ Demotech “A - Exceptional” rating Established Regional Platform Notes: ¹ The approximately $200 million RWP contribution from Allied Trust is based on expected contributions following portfolio optimization work in the first full year following closing. Closing remains subject to regulatory approvals and customary closing conditions.
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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 <4x Allied Trust: Compelling Transaction Economics 14 Notes: ¹ The Reciprocal’s implied net purchase price represents the $105 million total consideration minus the approximately $60 million in Allied Trust statutory surplus at the time of signing. The acquired surplus is subject to change. ² The Allied Trust acquisition price is expected to be approximately neutral to the Reciprocal’s statutory surplus position, reflecting the approximately $60 million of statutory surplus expected to be acquired with the carrier and the expected use of a small minority of the Reciprocal’s non- admitted PRCH shares as consideration. ³ The expected less than four times Porch acquisition multiple is based on the Porch purchase consideration of $95 million divided by the expected first full year Allied Trust Adjusted EBITDA (Excluding Reciprocal) contribution. Expected contributions reflect management estimates. Closing remains subject to regulatory approvals and customary closing conditions. Adjusted EBITDA (Excluding Reciprocal) is a non-GAAP measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. ⁴The expected less than three-year payback assumes Allied Trust contributions over a three-year period following portfolio optimization and the achievement of synergies. Porch PORCH ACQUISITION MULTIPLE³ ~Neutral Reciprocal STATUTORY SURPLUS IMPACT² <3 Years PORCH EXPECTED PAYBACK PERIOD⁴ ~$45M RECIPROCAL NET PURCHASE PRICE¹
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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 Initial 2027 Combined Company Target Allied Trust Adds 30%+ Additional Scale; Moves Porch Closer to Medium Term Targets 15 Notes: 1) Initial 2027 combined company target is Adjusted EBITDA (Excluding Reciprocal). Adjusted EBITDA (Excluding Reciprocal) is a non-GAAP measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. 2) Initial 2027 combined company target assumes Allied Trust contributions over a full-year timeframe. Porch provides guidance and targets for future periods 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. See slide 2 for 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. >360K Reciprocal Policies Written >$900M Reciprocal Written Premium >$180M Adjusted EBITDA (Excluding Reciprocal)
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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 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 -$10.9 $12.2 Q3'25 Q3'26 Q3'26 Strong YoY Improvement in Profitability Adj. EBITDA (Excluding Reciprocal) +116% YoY growth driven by Insurance Services $21 $44 Q3'25 Q3'26 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. +$23M YoY Net Income Attributable to Porch Adjusted EBITDA (Excluding Reciprocal) 17 +116% YoY
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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 $73.8 $102.8 Q3'25 Q3'26 $115.1 $140.8 Q3'25 Q3'26 $127.3 $143.9 Q3'25 Q3'26 Consolidated Revenue Porch-Owned Segments Revenue (Excluding Reciprocal) 13% YoY 22% YoY Notes: All numbers are $million unless otherwise stated and are unaudited. Porch-Owned Segments Revenue (Excluding Reciprocal) is a non-GAAP financial measure. . Please see slide 2 and appendix for important information regarding non-GAAP measures. Insurance Services Revenue 39% YoY 18 Q3'26 Revenue Insurance Services revenue grew 39%; policies written grew 42%
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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 Insurance Services Our Rule of 80 Business 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. • Strong policies written growth driving earnings growth • 39% YoY revenue growth driven by RWP and growth in policies written • Gross margin remained strong at 89% • Adj. EBITDA margin of 49% $73.8 $102.8 Q3'25 Q3'26 $62.3 $91.2 Q3'25 Q3'26 $25.3 $50.1 Q3'25 Q3'26 Revenue Gross Profit Adjusted EBITDA 39% YoY 46% YoY 98% YoY 89% margin84% margin 49% margin34% 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 20 Software & Data and Consumer Services Provide the Strategic Advantages that Drive Insurance Services and Reciprocal 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. $24.6 $22.3 Q3'25 Q3'26 $18.2 $16.8 Q3'25 Q3'26 $5.1 $4.2 Q3'25 Q3'26 Revenue Gross Profit Adjusted EBITDA -9% YoY -8% YoY -18% YoY $19.4 $18.3 Q3'25 Q3'26 $16.6 $15.5 Q3'25 Q3'26 $2.5 $3.2 Q3'25 Q3'26 -5% YoY -7% YoY 29% 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 21 Reciprocal Statutory surplus grew +$22M 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 measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. • Statutory surplus +$22 million YoY • Q3 2026: Gross Loss Ratio 24% | Attritional Loss Ratio 18% $152.1 $174.4 Q3'25 Q3'26 Statutory Surplus +$22M 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 22 Balance Sheet Update $165m Porch Cash + Investments1 as of September 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 $333m Reciprocal Cash + Investments2 as of September 30, 2026 ▪ Porch cash + investments increased +$38m versus Q2’26, driven by: o Adjusted EBITDA (Excluding Reciprocal) of $44m o Partially offset by paydown of remaining 2026 notes of $8m ▪ Cash conversion remained strong and consistent with our framework of Adjusted EBITDA (Excluding Reciprocal) less cash interest ▪ Tracking to the low end of our targeted leverage range of 2x-3x
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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 $135m to $140m Prior Guidance: $119m to $125m $438m to $443m Prior Guidance: $419m to $429m Midpoint of $521m represents 24% YoY growth Prior guidance midpoint represented 22% YoY growth 23 2026 Guidance Raising Porch-owned businesses guidance following strong Q3 Adjusted EBITDA (Excluding Reciprocal) Gross Profit (Excluding Reciprocal) Midpoint of $440m represents 28% YoY growth Prior guidance midpoint represented 23% YoY growth Midpoint of $138m represents 79% YoY growth Prior guidance midpoint represented 59% YoY growth $518m to $523m Prior Guidance: $506m to $517m 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 24 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 25 Operational Updates Scaling Insurance Through Proprietary Data, Distribution and Customer Access Insurance Strategy: Insurance Services Strategic Advantages: Software & Data + Consumer Services ■ Distribution expansion Strengthening agent relationships; HOA Agent NPS ~48 ■ Modernizing certain insurance infrastructure Policy admin, pricing, and claims systems to improve speed, precision and data flow ■ Positioned for future growth Scalable foundation for new products and geographies and, following closing, the disciplined integration of Allied Trust ■ Broad industry reach More than 18K companies served across strategic points in the homebuying value chain ■ Proprietary property data 100+ Home Factors productized; supports our own pricing and risk selection ■ Durable customer positions Leading inspection and title insurance platforms with strong retention and NPS
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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 Insurance Services Q3'26 KPIs New customers driving growth in policies written 26 Notes: All numbers are $million unless otherwise stated and are unaudited. 1) Figures are unrounded $137.5 $161.0 Q3'25 Q3'26 17% YoY Reciprocal Written Premium (RWP) 47.7K 67.5K Q3'25 Q3'26 42% YoY Reciprocal Policies Written $2,884 $2,384 Q3'25 Q3'26 -17%* 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 -2% 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 $4,140 $4,840 Q3'25 Q3'26 Software & Data + Consumer Services Q3'26 KPIs 27 Notes: 1) Figures are unrounded Software and Data number of companies of 18.5K times the $4,840 annualized revenue per company, divide by four quarters equals the quarterly segment revenue of $22.3 million. Consumer Services monetized services of 83.7K times $219 revenue per transaction equals the quarterly segment revenue of $18.3 million. 23.8K 18.5K Q3'25 Q3'26 -22% YoY Average Number of Companies 17% YoY Annualized Average Revenue Per Company¹ 93.9K 83.7K Q3'25 Q3'26 -11% YoY Number of Monetized Services $206 $219 Q3'25 Q3'26 6% 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 28 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 • Allied Trust extends an already-growing platform Adds scale + capabilities | opportunity for Porch to apply strategic advantages 2027 target: >$900M RWP | >360K Recip. Policies Written | >$180M Adj. EBITDA (Excluding Reciprocal) • Porch & Reciprocal each operating from positions of strength Porch: strong cash generation | tracking to the low end of the targeted leverage range Reciprocal: statutory surplus up $22M YoY | substantial growth capacity • Organic growth system is working Reciprocal Policies Written grew 42% YoY 6th consecutive quarter of Insurance Services Rule of 80 | Adj. EBITDA (Excl. Reciprocal) >2x YoY Wrap Up: Organic strength + Allied yields compelling ‘27 setup 29 3 1 2 Notes: All numbers are $million unless otherwise stated and are unaudited. Adjusted EBITDA (Excluding Reciprocal) is a non-GAAP measure. Please see slide 2 and appendix for important information regarding non-GAAP measures. 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 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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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 Q3'26 Earnings Q&A 30
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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 Q3'26 Earnings APPENDIX 31
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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 $96.2 $107.9 Q3'25 Q3'26 Q3'26 Gross Profit -1% Yo Y 15% YoY Porch-Owned Segments Gross Profit (Excluding Reciprocal) $94.2 $120.8 Q3'25 Q3'26 12% YoY 28% 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 $50.1 $4.2 $3.2 ($13.1) Q3'26 Adjusted EBITDA (Excluding Reciprocal) Bridge $44.5 Q3'26 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. $91.2m Gross Profit $16.8m Gross Profit $15.5m Gross Profit $12.2m 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 Q3'26 Segment Level Results 34 $102.8m $91.2m $50.1m Reciprocal Insurance Services Software & Data Consumer Services Revenue Gross Profit Adj EBITDA $22.3m $16.8m $4.2m $18.3m $15.5m $3.2m $58.1m $37.2m 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 $13.1m
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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 $161m Reciprocal Written Premium 35 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 $103m Revenue $91m Gross Profit 89% margin $50m Adjusted EBITDA 49% margin 31% 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 36 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 (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 37 Notes: All figures are in thousands unless otherwise stated and are unaudited. Adjusted EBITDA (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 38 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.
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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 39 Email: IR@porch.com Website: IR.porchgroup.com THANK YOU