Porch Group Q3 2026 slides: 42% policy growth, EBITDA doubles

On October 28, Porch Group (NASDAQ:PRCH) released its Q3 2026 earnings results, highlighting accelerated growth in its Insurance Services business and raising full-year guidance for the third straight quarter. The company reported robust growth across its key metrics, with reciprocal policies written increasing 42% year-over-year and adjusted EBITDA more than doubling.

Key messages from the presentation included the 42% growth in reciprocal policies written, more than 2x growth in adjusted EBITDA (excluding Reciprocal), a sixth consecutive meeting of the Rule of 80 for Insurance Services, another guidance raise, and the strategic fit of the Allied Trust acquisition. These achievements demonstrate Porch's focus on its insurance-focused strategy, with the company generating $161 million in reciprocal written premium and writing 67,500 reciprocal policies during Q3.

The strong performance in Insurance Services contributed to a 39% year-over-year revenue increase to $102.8 million, with gross profit rising 46% to $91.2 million and adjusted EBITDA nearly doubling to $50.1 million. The acquisition of Allied Trust, a regional platform with a strong track record, is seen as extending Porch's already-growing platform, bringing additional geographic and agency reach, a diverse product suite, and reinsurance expertise to the company.