Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 5, 2024

PORCH GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-39142

83-2587663

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


411 1st Avenue S., Suite 501
Seattle, Washington			98104
(Address of principal executive offices)			(Zip Code)

(855) 767-2400

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common stock, par value $0.0001

PRCH

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01. Regulation FD Disclosure

On December 5, 2024, Porch Group, Inc. (the “Company”) will host an investor day at 9 a.m. Eastern time in New York and virtually. The event will provide key updates and insights into the Company’s strategy, growth plans, and opportunities. A link to the live webcast and archived replay of investor day will be available on the Company’s investor relations website at https://ir.porchgroup.com.

The Company posted the presentation slides for investor day on its investor relations website on December 5, 2024, prior to commencement of the event. A copy of the investor day presentation slides is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company uses its investor relations website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company's investor relations website in addition to following the Company's press releases, SEC filings, and public conference calls and webcasts.

The information in this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.


Exhibit No.						Description

99.1						Investor Day Presentation Slides, dated December 5, 2024
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


PORCH GROUP, INC.

By:	/s/ Shawn Tabak
	Name:	Shawn Tabak
	Title:	Chief Financial Officer

Date: December 5, 2024

Copyright 2024 Porch Group, Inc. All rights reserved 2 Disclaimers Financial Targets Porch is providing guidance and targets for future periods throughout 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. 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. Certain full company guidance and forward-looking targets throughout this presentation, including the adjusted EBITDA targets, represents Porch stockholder interests following the expected launch of Porch Insurance Reciprocal Exchange ("PIRE") and sale of Homeowners of America Insurance Company ("HOA") to PIRE in January 2025. For the avoidance of doubt, these forward- looking targets do not include the future results at PIRE or HOA; while we expect to consolidate their results into Porch GAAP financial statements, the PIRE and HOA results will be allocated to non-controlling interests and not to Porch shareholders, and will therefore be excluded from Adjusted EBITDA. See appendix for detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 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, targets, and guidance, possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. Forward-looking statements in this presentation also include expectations regarding whether the reciprocal is the optimal structure for our insurance business and the benefits financial and otherwise thereof, including any expectations that the reciprocal will result in higher margins and a more predictable financial profile and equip our insurance operations to scale profitably in the future. 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 herein. Unless specifically indicated otherwise, the forward-looking statements in this presentation do not reflect the potential impact of any future transactions that have not been completed as of the date of this filing, including the licensure and formation of the reciprocal, the sale of our insurance carrier subsidiary, HOA, to the reciprocal, and the commencement of the reciprocal’s operations. 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; our reinsurance program, which includes the use of a captive reinsurer, the success of which is dependent on a number of factors outside management’s control, along with reliance on reinsurance to protect against loss; the possibility that a decline in our share price would result in a negative impact to HOA’s surplus position and may require further financial support to enable HOA to meet applicable regulatory requirements and maintain financial stability rating; the uncertainty and significance of the known and unknown effects on HOA and us due to the termination of a reinsurance contract following of fraud committed by Vesttoo Ltd. (“Vesttoo”), including, but not limited to, the outcome of Vesttoo’s Chapter 11 bankruptcy proceedings; our ability to successfully pursue claims arising out of the fraud, the costs associated with pursuing the claims, and the timeframe associated with any recoveries; HOA's ability to obtain and maintain adequate reinsurance coverage against excess losses; HOA’s ability to stay out of regulatory supervision and maintain its financial stability rating; and HOA’s ability to maintain a healthy surplus; uncertainties related to regulatory approval of insurance rates, policy forms, insurance products, license applications, acquisitions of businesses, or strategic initiatives, including the reciprocal restructuring, and other matters within the purview of insurance regulators (including the discount associated with the shares contributed to HOA);the ability of the Company and its affiliates to consummate the sale of HOA to the reciprocal exchange and to commence operations of the reciprocal exchange; 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 exchange business after the completion of the formation and to realize expected synergies and/or convert policyholders from our existing insurance carrier business into policyholders of the reciprocal exchange; potential business disruption following the formation of the reciprocal exchange; 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; 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, 2023, and in Part II, Item 1A, “Risk Factors,” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as well as those discussed elsewhere in this report and in subsequent reports filed with the Securities and Exchange Commission (“SEC”), 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 Adjusted EBITDA (Loss) and Adjusted EBITDA (Loss) margin. See appendix for additional information.

Copyright 2024 Porch Group, Inc. All rights reserved Porch: A New Kind Of Homeowners Insurance Company 10 Warranty, moving and home management services Differentiators to win Insurance Services Consumer Services Best for homebuyers Advantaged underwriting More protection Unique data SaaS for home inspection, title, mortgage, and roofing Vertical SoftwareSoftw re & Data Unique data on ~90% US homes and strong SaaS margins Unique data Data Platform & distribution & experience

Copyright 2024 Porch Group, Inc. All rights reserved 11 Insurance at the center We’ve done what we said we would do $72m → ~$450m Revenue Profitable (1) 2020 full year Revenue of $72 million. 2024 full year Revenue Target. (2) On an Adjusted EBITDA basis. 1 2

Copyright 2024 Porch Group, Inc. All rights reserved 12 Scale insurance to $3bn in Premium What do we plan to do next? Build a large & defensible data business Refocus on growth – organic & M&A Generate cash 1 Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. See slide 2 for important information regarding financial targets. 1) Gross Written Premium

Copyright 2024 Porch Group, Inc. All rights reserved 13 2025 Target $50m Adj EBITDA 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and the appendix for important information regarding non-GAAP measures and financial targets. 1

Copyright 2024 Porch Group, Inc. All rights reserved 14 2026 Target $100m Adj EBITDA 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and the appendix for important information regarding non-GAAP measures and financial targets. 1

Copyright 2024 Porch Group, Inc. All rights reserved Today’s Goals: 15 Share details of unique and valuable business units Provide clarity & confidence in achieving $100m Adj EBITDA Target1 in 2026 Highlight insurance business under new structure1 3 2 Show how large and valuable a business we plan to build thereafter4 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and the appendix for important information regarding non-GAAP measures and financial targets.

Copyright 2024 Porch Group, Inc. All rights reserved Introductions 17 Nicole Pelley EVP Matthew Neagle COO Manisha Patel SVP Finance Shawn Tabak CFO Consumer Services Insurance Financials Software & Data

Copyright 2024 Porch Group, Inc. All rights reserved Porch: A New Kind Of Homeowners Insurance Company 19 Warranty, moving and home management services Consumer Services Unique data SaaS for home inspection, title, mortgage, and roofing Vertical SoftwareSoftw re & Data Unique data on ~90% US homes and strong SaaS margins Unique data Data Platform & distribution & experience INSURANCE Differentiators to win Insurance Services Best for homebuyers Advantaged underwriting More protection

Copyright 2024 Porch Group, Inc. All rights reserved 20 OPPORTUNITY STRATEGY GROWTH PIRE HEALTH We have a big opportunity We have the right team We have the right strategy We are set to grow INSURANCE Expect healthy & scalable reciprocal TEAM

Copyright 2024 Porch Group, Inc. All rights reserved 22 Sources: Verified Market Research: US Homeowner’s Insurance Market 2024-2030 and AM Best Market report. INSURANCE US Homeowners Insurance Industry TAM is Large & Growing $152bn $235bn 2023 2024 2025 2026 2027 2028 2029 2030 +6% CAGR OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Our Insurance Leadership Team 24 Donte Riddick Actuarial Efram Ware VP and GM Mike Capuzzi Ops & Claims Chad Mirock Product Andrea Ferrari Underwriting Nathan Smith Accounting Janiella Shirley Legal INSURANCEOPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved How We Protect More INSURANCE With Extra Coverage: Service line coverage Water and sewer coverage Residential glass coverage Refrigerated product coverage 90-day whole-home warranty at no extra cost OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 27

Copyright 2024 Porch Group, Inc. All rights reserved With insights and tips: How We Reduce Risk INSURANCE Personalized home risk insights and recommendations Recall notices for appliances and systems Seasonal maintenance reminders Severe weather alerts Virtual Home Assistant The Porch Home App OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 28

Copyright 2024 Porch Group, Inc. All rights reserved With membership perks and discounts: Porch Rewards You INSURANCE Up to a 16% homebuyer discount Discounts on premium with an uploaded inspection Up to 15% off micro-warranties $100 in handyman service voucher Up to $500 from local and national businesses Porch Moving Concierge OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 29

Copyright 2024 Porch Group, Inc. All rights reserved We Have Created the Optimal Structure with PIRE 30 INSURANCE Reciprocal Owned by Policyholders 1) Insurance Services segment includes but not limited to the following legal entities: Homeowners Of America Holding Corp., Homeowners of America MGA, Inc., Porch Risk Management Services LLC. (“PRMS”) and Porch Insurance Capital Solutions (“PICS”). Porch Group Porch Insurance Reciprocal Exchange (“PIRE”)2 Software & Data Insurance Services1 Consumer Services 2) Initially, we expect Porch Insurance Reciprocal Exchange will be consolidated with Porch Group; PIRE net income will be allocated to non-controlling interest holders (i.e. not Porch Group shareholders). Commission & Fees (~20% take rate3) Operating Services Surplus note (~$110m @ 9.75% + SOFR) Captive Reinsurer (~20% revenue rate) Policyholders (members) Premiums & Surplus Insurance & Claims Payments Reciprocal acquires HOAIC insurance carrier Insurance Company (HOAIC) 3) Approximate blended take rate of ~20% paid to Porch Group for operating the business. This includes a percentage of gross written premium (AIF and MGA fee) and a policy fee (paid annually by each policyholder). OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved We Have Created the Optimal Structure with PIRE 31 INSURANCE Reciprocal Exchange Porch Group Employees Claims Agent Commissions Reinsurance OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved The Reciprocal Structure Provides Advantages 32 INSURANCE Recurring Revenue More Predictable Surplus Growth Consumer Value OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved INSURANCE (1) Sources: Verified Market Research: US Homeowner’s Insurance Market 2024-2030 and AM Best Market report. (2) Source: The 2022 and the 2024 U.S. Home Insurance Study, JD Power. (3) Source: Estimated using the 2024 U.S. Home Insurance Study, JD Power and iProperty Management Average Length of Homeownership. We Can Differentiate for Homebuyers 33 We can reach homebuyers without massive brand spend 60% never switch3 Homebuyers retain better $162bn Homeowners Insurance TAM1 40% of new policies are homebuyers2 60% never switch3 OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved 34 INSURANCE Higher Risk = Surcharge Lower Risk = Discount Market Pricing We Can Differentiate for Lower Risk Homes OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH Water heater is 20 years old and in the attic Has an electrical panel >100 amps Jack S Jill P

Copyright 2024 Porch Group, Inc. All rights reserved We Are Focused on Profitability 35 INSURANCE Premium Rate Increases Product Advantaged Underwriting Portfolio Risk Selection OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Demonstrated by HOA’s Gross Combined Ratio Improvement 36 INSURANCE 97% 88% 83% 72% 69% 68% 43% 34% 26% 2022 2023 2024 Estimates Gross Combined Ratio Gross Loss Ratio Attritional Loss Ratio 1) 2024 Estimates reflect current internal estimate for fiscal year 2024. See slide 2 for a discussion of risks that could cause actual results to differ materially. OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 1

Copyright 2024 Porch Group, Inc. All rights reserved With the Right Structure, We Are Ready to Grow 38 INSURANCE Gross Written Premium 1) 2024 gross written premium target excludes premiums related to warranty for comparability with medium- and long-term targets. See slide 2 for additional information regarding financial targets. 2026 Target ~$600m +20% 2024 Target1 ~$440m 2025 Target ~$500m +14% ~10 year opportunity ~$3bn 20%+ CAGR Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. See slide 2 for a discussion of risks that could cause actual results to differ materially. OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Growing through Agency Distribution 39 INSURANCE B2B2C Relationships & Homebuyer Leads Agency Relationships Winning Combination OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved 41 Profit sharing upside INSURANCE Our differentiated proposition OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH We provide access to homebuyers Best products for homebuyers & low risk homes

Copyright 2024 Porch Group, Inc. All rights reserved Agency Channel Provides Path to $3bn in Premium 42 INSURANCE Historic 2022 Turning Growth Back On ~650 Active Agents ~125k New Policies ~$275m New Premium Per Year At Current Premium Per Policy Grow >1500 Agents ~250k New Policies >$550m in New Premium Per Year Puts on Pace for $3bn OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved This is Achievable 43 INSURANCE What It Means For Market Share And We Have Other Opportunities Grow Texas from 2% to 5% Grow Other Existing States to 2% ~$3bn Total Premium1 Geographic Expansion Beyond 22 States2 Faster Premium Per Policy Growth 1) Assumes 6% CAGR in premium per policy growth over next 10 years. 2) Subject to regulatory approval. Excess and Surplus Product M&A Market CAGR Continues at ~6% Bundling With Auto OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved HOA is Healthy and Expect FY 2024 Surplus ~$100m 45 INSURANCE HOA Surplus At Dec 31 2023 At Dec 31 2024 Expectation ~$50m ~$100m At Sept 30 2024 ~$70m Notes: The value of Porch Group common stock can be volatile and results may vary materially from what has been disclosed. You should not rely on this example as an indication or promise of future performance. Please refer to slide 2 of the presentation for important disclaimers, including the discussion of risks that could cause actual results to differ materially. Investment of Porch Group shares held on HOA’s balance sheet will be reviewed quarterly for surplus calculation, with a discount to market value applied to the amount included in surplus per insurance accounting rules. OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved PIRE Target Unit Economics Generate Surplus Organically 46 Notes: Illustrative example based on written premiums based on expected unit economics. The value of Porch Group common stock can be volatile and results may vary materially from what has been disclosed. You should not rely on this example as an indication or promise of future performance. Please refer to slide 2 of the presentation for important disclaimers, including the discussion of risks that could cause actual results to differ materially. Investment of Porch Group shares held on HOA’s balance sheet will be reviewed quarterly for surplus calculation, with a discount to market value applied to the amount included in surplus per insurance accounting rules. 5% Surplus Generation INSURANCE Premium Variable Costs +3% $150 Surplus Contribution (20)% $3,000 Interest Income Porch Insurance Services Surplus Generation +2% (80)% Illustrative OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Unit Economics Improve as More Policyholders Move to PIRE 47 Notes: Example based on written premiums The value of Porch Group common stock can be volatile and results may vary materially from what has been disclosed. You should not rely on this example as an indication or promise of future performance. Please refer to slide 2 of the presentation for important disclaimers, including the discussion of risks that could cause actual results to differ materially. Investment of Porch Group shares held on HOA’s balance sheet will be reviewed quarterly for surplus calculation, with a discount to market value applied to the amount included in surplus per insurance accounting rules. INSURANCE Premium Variable Costs +8% $300 Surplus Contribution (20)% $3,000 Interest Income Porch Insurance Services Surplus Generation +2% (80)% Now 10% Surplus GenerationContributions increase from 3% to 8% Illustrative OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Optionality to Increase Take Rate 48 Notes: Example based on written premiums The value of Porch Group common stock can be volatile and results may vary materially from what has been disclosed. You should not rely on this example as an indication or promise of future performance. Please refer to slide 2 of the presentation for important disclaimers, including the discussion of risks that could cause actual results to differ materially. Investment of Porch Group shares held on HOA’s balance sheet will be reviewed quarterly for surplus calculation, with a discount to market value applied to the amount included in surplus per insurance accounting rules. INSURANCE Premium Variable Costs +8% Surplus Contribution (25)% $3,000 Interest Income Porch Insurance Services Surplus Generation +2% (80)% Rate increases to 25% Contributions increase from 3% to 8% 5% Surplus Generation $150 Illustrative OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Surplus Bolstered with Porch Stock Flywheel Strategy 49 PRCH stock price increases PIRE’s surplus increases Can grow premium faster More fee based income for Porch In 2024, Porch Group contributed 18.3m newly issued shares of common stock to HOA to support the planned transition to a reciprocal exchange to help bolster HOA’s balance sheet strength and financial stability after the Q2 2024 weather impacted surplus. See the Current Report on Form-8K filed with the SEC on August 6, 2024 for additional details. (1) The value of Porch Group common stock can be volatile and results may vary materially from what has been disclosed. You should not rely on this example as an indication or promise of future performance. A decline in the share price of Porch Group common stock will result in a negative impact to the surplus position. Please refer to slide 2 of the presentation for important disclaimers., including the discussion of risks that could cause actual results to differ materially. (2) Investment of Porch Group shares held on HOA’s balance sheet will be reviewed quarterly for surplus calculation, with a discount to market value applied to the amount included in surplus per insurance accounting rules. INSURANCEOPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 1,2

Copyright 2024 Porch Group, Inc. All rights reserved 3-Tier Reinsurance Strategy Reduces Risk & Costs 50 INSURANCE Note: The current reinsurance program renews on April 1, 2025. This slide represents the expected reinsurance strategy at renewal. Excess Of Loss (“XOL”) Quota Share (“QS”) 3rd Party Reinsurance Porch Captive Non-weather QS Mitigates Weather Risk Capital Efficiency OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Our Insurance Services' Captive Will Support PIRE Growth 51 INSURANCE Improve capital efficiency to scale faster Non-weather quota share reinsurance Mitigates weather exposure Revenue of ~20% of GWP with healthy “market” margin Why? How? Risk? Results? 1) Weather exposure mitigation begins when the Reciprocal acquires HOA in early January 2025. Further weather mitigation as of the new reinsurance treaty year beginning 4/1/25 when Porch’s captive is expected to not participate in weather-related reinsurance. Leading up to 4/1/25 we will still have CAT exposure in Q1 as the legacy contract runs out OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH 1

Copyright 2024 Porch Group, Inc. All rights reserved Porch Captive Increases Premium Capacity by >50% 52 INSURANCE Baseline rate at Reciprocal $500m GWP needs $167m 5 : 1 GWP : Surplus 3 : 1 GWP : Surplus 7 : 1 GWP : Surplus Blended effective rate $500m GWP needs $100m Porch Captive rate (Non-weather QS) $500m GWP needs $71m OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved 54 $290m $200m $245m $82m $155m $195m $25m $55m $80m 2024 Target 2025 Target 2026 Target Revenue Gross Profit3 Adjusted EBITDA4 Insurance Services Financial Summary $500m GWP $600m GWP$440m GWP INSURANCE Gross Written Premium1 2 1) 2024 gross written premium guidance, as of Q3’24 earnings in November 2024, was $460m to $470m. Premiums related to warranty have been excluded for comparability with medium- and long-term targets. See slide 2 for additional information regarding financial targets. 2) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 3) Starting 2025 Revenue less Cost of Revenue disclosure was revised to Gross Profit. We expect to reclassify approximately $10 million of 2024 costs for the consolidated Company from operating expenses into cost of revenue to conform to the new presentation beginning in 2025. 4) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Porch Insurance Services: Predictable, Scalable Model 55 INSURANCE $245m 2026 Revenue Target $195m 2026 Gross Profit Target $80m 2026 Adj EBITDA1 Target 1) GWP: $600m 2) Take Rate: ~20% 3) QS Rate: ~20% 4) Surplus Note Interest Income ~80% gross margin 30-35% 2026 margin 80%+ incremental margins 40%+ long-term margins 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Predictable Recurring OPPORTUNITY STRATEGY GROWTHTEAM PIRE HEALTH

Copyright 2024 Porch Group, Inc. All rights reserved Building to Our 2026 Adj EBITDA Target 56 Insurance Services $80 million Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets.

Copyright 2024 Porch Group, Inc. All rights reserved Porch: A New Kind of Homeowners Insurance Company 58 Warranty, moving and home management services Differentiators to win Insurance Services Consumer Services Best for homebuyers Advantaged underwriting More protection Unique dataUnique data Data Platform & distribution & experience SOFTWARE & DATASOFTWARE TITLE INSPECTION OTHER SaaS for home inspection, title, mortgage, and roofing Vertical SoftwareSoftw re & Data Unique data on ~90% US homes and strong SaaS margins

Copyright 2024 Porch Group, Inc. All rights reserved Software & Data Segment: By the Numbers 59 SOFTWARE & DATASOFTWARE TITLE INSPECTION OTHER $90m $70m $15m Revenue Gross Profit Adj EBITDA ~$3,000 Average Revenue per Company ~27k Number of Companies 2024 Target 78% Gross Margin 17% Adj EBITDA margin 1) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 1

Copyright 2024 Porch Group, Inc. All rights reserved 60 Leading Software Businesses Rynoh Title Software Inspection Software Other Software Unique Data Advantage SOFTWARE TITLE INSPECTION OTHER SOFTWARE & DATA

Copyright 2024 Porch Group, Inc. All rights reserved Our Software Supports Key Moments in Home Journey Title file opened Sets up utilities and cable and security Porch App & Moving Concierge Purchases home insurance Home projectsBooks movers Purchases home warranty Mortgage application begins Receives inspection SOFTWARE TITLE INSPECTION OTHER SOFTWARE & DATA 61

Copyright 2024 Porch Group, Inc. All rights reserved Rynoh: Leader in Title Industry with 40% Transactions 63 Title Agent’s Bank Agent’s Transaction Software (1) Since Rynoh was founded in 2007. SOFTWARE & DATATITLE INSPECTION OTHER Settlement Summary Rynoh Software ~25m Transactions protected1 ~$8tn Funds protected1 SOFTWARE

Copyright 2024 Porch Group, Inc. All rights reserved The Gold Standard in Title Software Solutions 64 Automated Escrow Reconciliation Escheatment Account Validation One Easy-To-Use Platform Key Metrics (1) Defined as average monthly logo retention rate from September 2023 to September 2024 SOFTWARE & DATATITLE INSPECTION OTHER Monthly Logo Retention199.3% Net Promoter Score75 LTV / CAC>7 # of title companies~2,600 SOFTWARE

Copyright 2024 Porch Group, Inc. All rights reserved Inspection is a Critical Part of the Home Purchase 66 Critical Step ~90% home purchases have an inspection Provides Detailed Info ~3 to 4 hours on-site Costly Process ~$300-$1000+ cost per inspection SOFTWARE & DATAINSPECTION OTHERTITLESOFTWARE Based on internal data.

Copyright 2024 Porch Group, Inc. All rights reserved We Support All Parts of an Inspection Business SOFTWARE & DATAINSPECTION OTHER 67 Of Inspections2>40% Inspection Companies1~9,000 Monthly Logo Retention399.3% NPS448 Key Metrics (1) Unique inspection companies across all Porch inspection products. (3) Average monthly logo retention for ISN from September 2023 to September 2024. (2) ISN inspection volume as a percentage of estimated home inspections (90% of YTD 2024 existing home sales as reported by NAR). (4) A new NPS collection process was implemented for ISN in February 2024. Results are for February through October 2024. TITLESOFTWARE CRM and Workflow Payment Processing Office Services Report Writer Growth Tools

Copyright 2024 Porch Group, Inc. All rights reserved The Housing Industry is Facing Headwinds 71 All data represents millions unless otherwise stated. (1) Source: US Census New Residential Sales, National Association of Realtors (2) Source: Mortgage Bankers Association Home Sales Transactions1 Declined… 6.9 5.7 4.8 4.8 2021 2022 2023 2024 …So Did Refinance Transactions2 8.3 2.0 1.0 1.7 2021 2022 2023 2024 SOFTWARE & DATASOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved But We Continued to Innovate 72 IntraDay Wire & analytics Q1 2022 Secure & Pay bundle Q3 2022 Verifi launch Q4 2023 Escheat launch Q1 2023 RynohVerifi Bundle Q3 2024 FlexFund Q1 2022 Connected Inspection Reports to Porch App Q4 2022 Co-Mortgagors Support Q2 2022 Dual AUS with Desktop Originator Q2 2023 Employment and income verification Q3 2024 ISN Report Writer Q4 2023 Rynoh Inspection Floify SOFTWARE & DATASOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Resulting in Continued Increase in Revenue Per Transaction 73 $2.47 $3.68 $4.87 $6.28$6.53 $8.29 $8.68 $9.77 2021 2022 2023 2024 Estimate (1) Includes transactions from Floify (number of loan applications), ISN (number of inspections), Rynoh (number of closed files). Revenue includes Floify, ISN, Rynoh, and Guardian. Includes revenue from the full suite of Inspection, Mortgage, Title and Roofing solutions inclusive of acquisitions. SOFTWARE & DATASOFTWARE DATA Total Software1 Rynoh

Copyright 2024 Porch Group, Inc. All rights reserved 74 Our Unique Data Platform SOFTWARE & DATA Nicole Pelley EVP & GM, Porch Platform SOFTWARE DATA CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORM

Copyright 2024 Porch Group, Inc. All rights reserved 75 Leading Software Businesses Unique Data Advantage Our Unique Data Platform How We Create Value SOFTWARE & DATASOFTWARE DATA CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORM

Copyright 2024 Porch Group, Inc. All rights reserved We’ve Invested Deeply In Our Data Platform 76 SOFTWARE & DATA Began with home data Acquired software systems with unique data Acquired V12 Property data correlation to claims Integrated HOA data Began generating revenue from Home Factors Early insights into ~90% of movers Insights into ~90% of homes CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA 76

Copyright 2024 Porch Group, Inc. All rights reserved Our Modern and AI Focused Technology Platform Sourcing data Extracting data Making data actionable SOFTWARE & DATASOFTWARE CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORM 1 2 3 DATA 77

Copyright 2024 Porch Group, Inc. All rights reserved Billions of Data Insights on Properties and Households SOFTWARE & DATA DemographicsHomebuyers Home interior Home exterior Risk insights Movers Car in the garage Life events Interests / hobbies Buyer intent Wealth / Financial Active shoppers Household InfoProperty Info CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA 78

Copyright 2024 Porch Group, Inc. All rights reserved Data Creates Value in Multiple Ways 79 SOFTWARE & DATA Improved pricing and risk for PIRE & HOA Adding value to our customer experiences Improved pricing and risk for other carriers Helping businesses target the right consumers 1 4 2 3 CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 80 Creating Value For PIRE / HOA SOFTWARE & DATA Nicole Pelley EVP & GM, Porch Platform CONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Data Types to Predict and Price Risk 81 Home interior and exterior data is hard and expensive to source Person Geography Home SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Ability to Better Segment Homes 82 Competitors know how people and geographies are unique SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Ability to Better Segment Homes 83 We know how people, geographies, and homes are unique SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved We Are Producing Unique Insights 84 Foundation repair/replace Windows repair/replace Roofing repair/replace Sump pump repair/replace Electrical panel repair Electrical wiring repair Electrical outlet repair flag SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved We Are Producing Unique Insights 85 SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA Foundation type Swimming pool present Water intrusion present Sump pump present Skylight present Electrical sub-panel present Water heater tankless

Copyright 2024 Porch Group, Inc. All rights reserved We Are Producing Unique Insights 86 Water intrusion location Piping material Roofing materials Water heater location Electrical panel capacity Basement finish flag Water heater capacity SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Electrical Panel Needing Repair / Replacement 87 Indicates ~41% higher claims frequency 33% of Policyholders WITH electrical panel repair needed 39% of Policyholders WITHOUT electrical panel repair Current pricing 13% surcharge 18% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Electrical Panel Capacity Less Than 100 Amps 88 Indicates ~45% higher claims frequency 13% of Policyholders WITH a panel LESS THAN 100 amps 41% of Policyholders with a panel GREATER THAN 100 amps Current pricing 9% surcharge 5% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 89 Indicates ~39% higher claims frequency 37% of Policyholders WITH copper pipes 46% of Policyholders WITHOUT copper pipes Current pricing 12% surcharge 10% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUE Copper Pipes PLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Roof Needing Repair / Replacement 90 Indicates ~30% higher claims frequency 33% of Policyholders WITH roof repair / replacement needed 31% of Policyholders WITHOUT roof repair / replacement needed Current pricing 8% surcharge 6% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Presence of Skylight 91 Indicates ~19% higher claims frequency and 8% greater claims severity 34% of Policyholders WITH skylights 46% of Policyholders WITHOUT skylights Current pricing 9% surcharge 8% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Foundation Type 92 A foundation type of basement Indicates ~27% higher claims frequency 35% of Policyholders WITH a basement 29% of Policyholders WITHOUT a basement Current pricing 10% surcharge 8% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Windows Needing Repair / Replacement 93 Indicates ~32% higher claims frequency 29% of Policyholders WITH window repair / replacement needed 42% of Policyholders WITHOUT roof repair / replacement needed Current pricing 16% surcharge 12% discount SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Home Factors Insights Used in Pricing Across 18 HOA States 94 SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 95 Creating Value For Other Carriers Nicole Pelley EVP & GM, Porch Platform SOFTWARE & DATACONSUMER VALUECARRIERS VALUEPIRE VALUE BRAND VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 10% CAGR Massive Opportunity with 3rd Party Insurance Carriers 96 US Insurance Analytics TAM Source: Insurance Analytics Market Report by Component, Deployment Mode, Enterprise Size, Application, End User, and Region 2024-2032 SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUE $7bn 2023 $16bn 2032 PIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 97 Every 1% improvement in losses could equate to ~$1bn in annual savings SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Data Can Add Value in Many Ways 101 Pricing Underwriting Costs and Time Renewals MarketingReinsurance SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Recent Case Study: Bamboo Insurance 102 We’re thrilled to partner with Porch Group Media and have the opportunity to leverage Home Factor’s exclusive data insights to further elevate our risk selection. As a business, we’re always looking for opportunities to crank up our efficiencies. Given Home Factors' ability to provide us with unique property data that directly supports our underwriting processes, this partnership was simply a no-brainer.” - Brian Suzuki, Chief Insurance Officer Bamboo Insurance SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved What's Next? 103 SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUE Brand Awareness Clients stay competitive More Factors 100 factors ~EOY 25 Price per factor Ramp Sales Outreach to ~90% carriers over the next ~18 months PIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 104 Creating Value With Brands Nicole Pelley EVP & GM, Porch Platform SOFTWARE & DATACONSUMER VALUECARRIERS VALUE BRAND VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved We Help Brands Target Specific Needs 105 Home Retailers Home Improvement Real Estate Investors Financial Services Window Replacement Roof Condition/Repair People Moving Siding SOFTWARE & DATACONSUMER VALUEBRAND VALUECARRIERS VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Case Study: Frontpoint Security 106 We’ve seen solid success with Porch Group Media's MoverMatch in terms of customer retention. They quickly got us up and running with weekly data refreshes and have been a consistent and valuable partner since day one.” Proven Results: Improved mover targeting by 7.7% Increased customer retention by over 8% Overall Result: Revenue growth SOFTWARE & DATACONSUMER VALUEBRAND VALUECARRIERS VALUEPIRE VALUEPLATFORMSOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 107 Creating Value For Consumers SOFTWARE & DATACONSUMER VALUEBRAND VALUECARRIERS VALUEPIRE VALUEPLATFORMSOFTWARE DATA Nicole Pelley EVP & GM, Porch Platform

Copyright 2024 Porch Group, Inc. All rights reserved Clear Upside as We Look Ahead 110 SOFTWARE & DATASOFTWARE DATA Key Milestone And We Have More Opportunities Existing business + ~60 carriers 12 factors per account ~$100m Revenue Onboarding more carriers Increasing # of factors per account Increasing the cost per factor

Copyright 2024 Porch Group, Inc. All rights reserved Wrapping Up 111 Our data is unique and valuable This can be a big business within the next ~5 years The market is large1 3 2 SOFTWARE & DATASOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved Software & Data Financial Summary 113 $90m $105m $130m $70m $85m $105m $15m $25m $40m 2024 Target 2025 Target 2026 Target Revenue Gross Profit2 Adjusted EBITDA3 SOFTWARE & DATA 1) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 2) Starting 2025 Revenue less Cost of Revenue disclosure was revised to Gross Profit. We expect to reclassify approximately $10 million of 2024 costs for the consolidated Company from operating expenses into cost of revenue to conform to the new presentation beginning in 2025. 3) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 1 SOFTWARE DATA

Copyright 2024 Porch Group, Inc. All rights reserved 114 Insurance Services Software & Data $80 million $40 million Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Building to Our 2026 Adj EBITDA Target

Copyright 2024 Porch Group, Inc. All rights reserved Porch: A New Kind of Homeowners Insurance Company 116 Differentiators to win Insurance Services Best for homebuyers Advantaged underwriting More protection Unique data SaaS for home inspection, title, mortgage, and roofing Vertical SoftwareSoftw re & Data Unique data on ~90% US homes and strong SaaS margins Unique data Data Platform & distribution & experience CONSUMER SERVICES Warranty, moving and home management services Consumer Services

Copyright 2024 Porch Group, Inc. All rights reserved Consumer Services Segment: By the Numbers 117 $70m $53m $10m Revenue Gross Profit Adj EBITDA ~$350 Average Revenue per Monetized Service ~205k Number of Monetized Services 2024 Target 76% Gross Margin 14% Adj EBITDA margin CONSUMER SERVICES 1) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 1

Copyright 2024 Porch Group, Inc. All rights reserved Well Positioned to Grow through Diverse Demand Channels 120 Real Estate & Inspection D2C Insurance Utilities Partnerships CONSUMER SERVICESMOVINGWARRANTYCONSUMERS

Copyright 2024 Porch Group, Inc. All rights reserved Connecting with Consumers Across the Home Journey 121 CONSUMER SERVICES Moving Concierge Porch App & Website >87% CSAT1 (1) Source: Porch Internal; CSAT is the % of users that engage with Porch who rate our services as either Satisfied or Very Satisfied. Data is 2024 YTD. ~300k consumers helped MOVINGWARRANTYCONSUMERS Porch Home Concierge "My team can help you throughout the entire moving process, down to every last detail." Moving Services >95% CSAT1

Copyright 2024 Porch Group, Inc. All rights reserved We Execute High Value Services for Consumers 122 CONSUMER SERVICESMOVINGWARRANTYCONSUMERS Warranty ~35k consumers $1,600 LTV Moving ~85k consumers $169 LTV TV/Internet ~43k consumers $115 LTV Security ~4.5k consumers $875 LTV 1 Notes: All numbers per 2024 estimates or targets for the full year. 1) This includes only our whole home warrants and excludes free 90 day warranties and micro warranties.

Copyright 2024 Porch Group, Inc. All rights reserved More Than Just Warranty: Comprehensive Protection 124 CONSUMER SERVICES Note: Porch Internal: all data is projected 2024 totals as of November 2024. NPS is a weighted average across all warranty products. We provide warranty products to over 230k consumers today MOVINGWARRANTYCONSUMERS 81 NPS ~35k consumers 1 year & 3 year offering Whole Home ~133k consumers Value-add to PIRE Customers 90 Day ~70k consumers Service lines, Surge etc. Micro Warranty

Copyright 2024 Porch Group, Inc. All rights reserved Well Positioned to Grow through Diverse Demand Channels 125 CONSUMER SERVICESMOVINGWARRANTYCONSUMERS Real Estate & Inspection D2C Insurance Utilities Partnerships

Copyright 2024 Porch Group, Inc. All rights reserved Offering More Protection to Insureds is a Real Opportunity 126 CONSUMER SERVICES % of Homebuyers Who Would Consider Buying a Home Warranty Consumers Expected Price For Home Warranty $951 Average $481 Median Source: Freed Vance Research Group, PIRE Consumer Market Assessment Study 10/24/24. Homebuyer; anyone who bought a new home in the past 12 months or intends to buy a new home in the next 6 months. MOVINGWARRANTYCONSUMERS 81% 19% Yes No

Copyright 2024 Porch Group, Inc. All rights reserved How We Protect More CONSUMER SERVICESMOVINGWARRANTYCONSUMERS With Extra Coverages, including: Service line coverage Water and sewer coverage Residential glass coverage Refrigerated product coverage 90-day whole-home warranty at no extra cost 128

Copyright 2024 Porch Group, Inc. All rights reserved We’re the 2nd Largest Moving Labor Provider 130 CONSUMER SERVICES ~90k completed moves in 2024 with 4.8/5 customer satisfaction Long-term partnerships with largest moving companies Operating several brands on 1 platform MOVINGWARRANTYCONSUMERS

Copyright 2024 Porch Group, Inc. All rights reserved We Have a Bigger Opportunity Across All Moving Services 131 CONSUMER SERVICES Labor Only Moving Services Local Full Service 2024 Launch $0.4bn TAM $3.5bn TAM Ancillaries 2025 Launch Market Size Notes: Estimated from a combination of 1) IBISWorld - Moving Services in the US - Market Research Report (2014-2029), 2) MoveBuddha 2024 Survey: https://www.movebuddha.com/blog/moving-industry-statistics/, 3) Census Data, and 4) Internal Job Value Data MOVINGWARRANTYCONSUMERS $1.0bn TAM

Copyright 2024 Porch Group, Inc. All rights reserved Uninterested 21% Neither 17% Somewhat Interested 34% Very Interested 28% Our Target Market for Insurance Values Moving Help 133 CONSUMER SERVICES 62% Homebuyers Interested In A Moving Concierge Source: Freed Vance Research Group, PIRE Consumer Market Assessment Study 10/24/24. Homebuyer; anyone who bought a new home in the past 12 months or intends to buy a new home in the next 6 months. MOVINGWARRANTYCONSUMERS

Copyright 2024 Porch Group, Inc. All rights reserved Consumer Services Financial Summary 136 $70m $75m $85m $53m $57m $65m $10m $15m $20m 2024 Target 2025 Target 2026 Target Revenue Gross Profit2 Adjusted EBITDA3 CONSUMER SERVICES 1) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 2) Starting 2025 Revenue less Cost of Revenue disclosure was revised to Gross Profit. We expect to reclassify approximately $10 million of 2024 costs for the consolidated Company from operating expenses into cost of revenue to conform to the new presentation beginning in 2025. 3) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix or important information regarding non-GAAP measures and financial targets. 1

Copyright 2024 Porch Group, Inc. All rights reserved 137 Insurance Services Software & Data Consumer Services $80 million $40 million $20 million Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Building to Our 2026 Adj EBITDA Target

Copyright 2024 Porch Group, Inc. All rights reserved We’ve Grown Rapidly Since Going Public 140 $72 $192 $276 $430 $450 $375 $450 2020 2021 2022 2023 2024 Target 2025 Target 2026 Target Total Revenue ($m) Revenue Less Cost of Revenue ($m) ~60% 4-year CAGR $55 $134 $168 $210 $205 $300 $365 2020 2021 2022 2023 2024 Target 2025 Target 2026 Target ~40% 4-year CAGR FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS 2024 reflects mid-point of 2024 revenue and revenue less cost of revenue guidance, as of Q3’24 earnings. Following the expected launch of PIRE and sale of Homeowners of America Insurance Company to PIRE in January 2025, the results at PIRE or HOA will be excluded. See slide 2 for additional information regarding financial targets. Starting 2025 Revenue less Cost of Revenue disclosure was revised to Gross Profit. We expect to reclassify approximately $10 million of 2024 costs for the consolidated Company from operating expenses into cost of revenue to conform to the new presentation beginning in 2025. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Expect Gross Margins to Increase Substantially Starting 2025 141 $72 $192 $276 $430 $450 $380 $460 2020 2021 2022 2023 2024 Target 2025 Target 2026 Target Gross Profit ($m) ~60% 4-year CAGR $55 $134 $168 $210 $205 $297 $365 2020 2021 2022 2023 2024 Target 2025 Target 2026 Target ~40% 4-year CAGR FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Total Revenue ($m) 2024 reflects mid-point of 2024 revenue and revenue less cost of revenue guidance, as of Q3’24 earnings. Following the expected launch of PIRE and sale of Homeowners of America Insurance Company to PIRE in January 2025, the results at PIRE or HOA will be excluded. See slide 2 for additional information regarding financial targets. Starting 2025 Revenue less Cost of Revenue disclosure was revised to Gross Profit. We expect to reclassify approximately $10 million of 2024 costs for the consolidated Company from operating expenses into cost of revenue to conform to the new presentation beginning in 2025. 2025 and 2026 reflect the financials relating to the Porch Group Shareholder Interests, therefore excludes PIRE which is expected to be treated as a non-controlling interest. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Expect Corporate Spend1 to be Further Reduced In 2025 142 ($61)m ($53)m ($45)m ($40)m 2023 2024 Target 2025 Target 2026 Target FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Now an Adjusted EBITDA Profitable Business 143 Adj EBITDA (loss) ($m) ($18) ($24) ($50) ($45) ($2.5) ~$50 ~$100 2020 2021 2022 2023 2024 Target 2025 Target 2026 Target FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 2025 and 2026 reflect the financials relating to the Porch Group Shareholder Interests, therefore excludes PIRE which is expected to be treated as a non-controlling interest. 1) 2024 reflects mid-point of 2024 revenue and revenue less cost of revenue guidance, as of Q3’24 earnings. Following the expected launch of PIRE and sale of Homeowners of America Insurance Company to PIRE in January 2025, the results at PIRE or HOA will be excluded. See slide 2 for additional information regarding financial targets. 1 VALUE

Copyright 2024 Porch Group, Inc. All rights reserved 2026 Target Insurance Services $80m Adj EBITDA 145 FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved 146 $440 $500 $600 2024 Target 2025 Target 2026 Target 2026 Target: Insurance Services $80m Adj EBITDA 1,2 Gross Written Premium FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS All numbers are $million unless otherwise stated. 1) 2024 gross written premium guidance, as of Q3’24 earnings in November 2024, was $460m to $470m. Premiums related to warranty have been excluded for comparability with medium- and long-term targets. See slide 2 for additional information regarding financial targets. 2) We do not currently guide to or operate under this segment. Please see slide 197 in appendix for more detail regarding 2024 illustrative targets and segment reporting change expected to begin in Q1 2025. 3) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 3

Copyright 2024 Porch Group, Inc. All rights reserved 147 $200 $245 $78 $95 $20 $25 2025 Target 2026 Target Gross Written Premium Revenue $500 GWP $600 GWP 40% Conversion FINANCIAL OUTLOOKHOUSEKEEPING 2026 Target: Insurance Services $80m Adj EBITDA TARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved 148 $200 $245 $155 $195 $20 $25 2025 Target 2026 Target Gross Written Premium Revenue Gross Profit $500 GWP $600 GWP 80% Margin FINANCIAL OUTLOOKHOUSEKEEPING 2026 Target: Insurance Services $80m Adj EBITDA1 TARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved 149 $200 $245 $155 $195 $55 $80 2025 Target 2026 Target Gross Written Premium Revenue Gross Profit Adjusted EBITDA $500 GWP $600 GWP 33% Margin FINANCIAL OUTLOOKHOUSEKEEPING 2026 Target: Insurance Services $80m Adj EBITDA1 TARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved 2026 Target Software & Data $40m Adj EBITDA 150 FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved 2026 Target: Software & Data $40m Adj EBITDA 151 $105 $130 $85 $105 $20 $25 2025 Target 2026 Target Revenue Gross Profit Margins Remain Strong FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved $105 $130 $85 $105 $25 $40 2025 Target 2026 Target 2026 Target: Software & Data $40m Adj EBITDA 152 FINANCIAL OUTLOOKHOUSEKEEPING Revenue Gross Profit Adjusted EBITDA TARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved 2026 Target Consumer Services $20m Adj EBITDA 153 FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 1

Copyright 2024 Porch Group, Inc. All rights reserved 154 $75 $85 $57 $65 $15 $20 2025 Target 2026 Target Gross Profit Margins Remain High FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see and appendix for important information regarding non-GAAP measures and financial targets. Revenue VALUE 2026 Target: Consumer Services $20m Adj EBITDA1

Copyright 2024 Porch Group, Inc. All rights reserved 155 $75 $85 $57 $65 $15 $20 2025 Target 2026 Target Revenue Gross Profit Adjusted EBITDA FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS All numbers are $million unless otherwise stated. 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. VALUE 2026 Target: Consumer Services $20m Adj EBITDA1

Copyright 2024 Porch Group, Inc. All rights reserved 156 Further Opportunities Insurance Services • Faster GWP growth (new state expansion, auto, etc.) • Take rate increase Software & Data • Housing market recovery • Home Factors agreements Consumer Services • Housing market recovery • MovingPlace All • M&A • International FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Accounting Basics to Understand 158 1. PIRE owned by its policyholders 2. Porch will consolidate PIRE in our financials in the near term 3. Porch and PIRE cash are separate 4. Shareholder value driven by generating cash for Porch shareholders 5. Adj EBITDA is the best proxy for cash flow in the short term 6. Adj EBITDA includes businesses that impact cash for Porch shareholders (excl. PIRE) FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Illustrative Insurance Services Segment Software & Data Segment Consumer Services Segment Corporate Costs Porch Group Shareholder interests Non- controlling interests (PIRE) Eliminations Consolidated Revenue X X X X X X X X Adjusted EBITDA X X X X X Net Income X X X X 159 FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Segment Reporting and Adj EBITDA VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Capital Philosophy Priorities 160 Operating Cash Investments Capital Structure Unsecured Convertible Notes FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Expect to generate cash going forward Risk-adjusted returns in excess of hurdle rate; above WACC $174m par due September 2026; ~75bps coupon (plans to address) Targeting 2-3x leverage ratio VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Insurance Services: Sustainable and High Margin 163 2025 Target 2026 Target ~10 Years Revenue $200m $245m $1.3bn Growth 23% 23% Adjusted EBITDA $55m $80m $430m Margin 28% 33% 33% • Revenue growth of 23% based on GWP growth from pricing and policy growth • Would require $3bn of GWP to achieve this revenue target, an achievable level • 33% Adjusted EBITDA margin (we believe long-term Adjusted EBITDA margins should exceed 40%) • Upside from faster GWP growth, margin accretion, M&A FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Software and Data: Vertical Software Leaders 164 2025 Target 2026 Target ~10 Years Revenue $105m $130m $580m Growth 24% 18% Adjusted EBITDA $25m $40m $180m Margin 24% 31% 31% • Revenue growth of >20% for 3 years, then reducing over time • Driven by ARPA growth with high NPS and customer retention • 31% Adjusted EBITDA margin • Upside from housing market, Home Factors, margin accretion FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Consumer Services: Early Access to Homebuyers 165 2025 Target 2026 Target ~10 Years Revenue $75m $85m $230m Growth 13% 13% Adjusted EBITDA $15m $20m $55m Margin 20% 24% 24% • Revenue growth of 13% • Long-term Adjusted EBITDA margin of 24% • Upside from housing market, scaling, and M&A FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Corporate Platform: Maintain Cost Control and Create Value 166 2025 Target 2026 Target ~10 Years Adjusted EBITDA $(45)m $(40)m $(60)m • 2026 corporate expense run rate of $40m increasing 5% per year • Secured Notes interest expense of $22.5m per year • Expect to refinance in 2028 at similar rates given expected leverage ratio FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved Long-Term Totals: $2bn Revenue, $600m Adj EBITDA 167 2025 Target 2026 Target ~10 Years Revenue $380m $460m $2bn Growth 21% 21% Adjusted EBITDA $50m $100m $600m Margin 13% 22% 30% • Sustainable 20% growth in base case. Conservative assumptions on margin • Believe long-term growth rate exceeds 20% & long-term Adjusted EBITDA margins exceed 40% • Compelling opportunity to generate Adjusted EBITDA & cash flow for Porch shareholders FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Note: we're providing estimated targets in the future based on current information and assumptions available to us, and arriving at such numbers require us to make a number of assumptions that may not be true. This is for illustrative purposes only and these numbers should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect these results that could or could not be within our control. Please see slide 2 for important information regarding financial targets. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved 168 Building to $15 per share FINANCIAL OUTLOOKHOUSEKEEPINGTARGETS This is an assumption based on a long-term internal model and for illustrative purposes only. This is not a guarantee of future share price or performance. This illustration should not be relied upon when making an investment decision. There are a number of circumstances in the future that could greatly effect the share price of our common stock that could or could not be within our control. See slide 2 for a discussion of risks that could cause actual results and/or share price to differ materially. VALUE

Copyright 2024 Porch Group, Inc. All rights reserved 169 Insurance Services Software & Data Consumer Services $80 million $40 million Corporate Costs $20 million $(40) million 25x 20x 15x $2bn $800m $300m Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. Building to Our 2026 Adj EBITDA Target

Copyright 2024 Porch Group, Inc. All rights reserved Porch Operating Philosophies 173 Consolidated G&A: Scale efficiently Porch Platform: Shared tech, shared services, best practices Decentralized: P&L ownership and resources reside within business units

Copyright 2024 Porch Group, Inc. All rights reserved Quarterly Deep Dives Support Good Strategic Choices 178 Product Strategy & RoadmapOne Year Plan Go-To Market & Returns Long-Term Strategy Quarterly Deep Dives

Copyright 2024 Porch Group, Inc. All rights reserved We Help Businesses Grow Faster & More Profitably 181 ~$84m cash + ~1.4m shares 2021 Purchase Price Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 2024 reflects current internal estimate for fiscal year 2024. See slide 2 for a discussion of risks that could cause actual results to differ materially 2026 Adjusted EBITDA reflects the 2026 Target. HOA was acquired in 2021. ~$10m Adj EBITDA prior to acq → ~$25m 2024 Adj EBITDA → ~$80m 2026 Adj EBITDA

Copyright 2024 Porch Group, Inc. All rights reserved We Help Businesses Grow Faster & More Profitably 182 ~$32m cash 2021 Purchase Price Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 2024 reflects current internal estimate for fiscal year 2024. See slide 2 for a discussion of risks that could cause actual results to differ materially. Rynoh was acquired in 2021. Breakeven Adj EBITDA expected at acq → ~$8.4m 2024 Adj EBITDA

Copyright 2024 Porch Group, Inc. All rights reserved We Help Businesses Grow Faster & More Profitably 183 ~$1m cash + ~150k shares 2018 Purchase Price Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 2024 reflects current internal estimate for fiscal year 2024. See slide 2 for a discussion of risks that could cause actual results to differ materially. Guardian was acquired in 2018. ~$500k Adj EBITDA prior to acq → ~$3.2m 2024 Adj EBITDA

Copyright 2024 Porch Group, Inc. All rights reserved Future M&A Could Accelerate Growth 186 Decentralized operating model Proven integration playbook Process-driven capital deployment Existing Business Expansion Increase Monetization New Vertical Entry

Copyright 2024 Porch Group, Inc. All rights reserved Strong Leadership Team Nicole Pelley EVP, Porch Platform Efram Ware VP and Group GM, Insurance Malcolm Connor VP & Group GM, Home Services Joshua Steffan SVP & Group GM, Inspection & Real Estate Manisha Patel SVP Finance Nick Graham SVP & Group GM, Moving Matt Ehrlichman CEO, Chairman & Founder Shawn Tabak Chief Financial Officer Matthew Neagle Chief Operating Officer Matt Cullen SVP, GC and Secretary Janet Zimmermann SVP People Michelle Taves VP and Group GM, Data and Marketing Nathan Smith VP Corporate Controller Tyler Cobb VP, Corporate Development 187

Copyright 2024 Porch Group, Inc. All rights reserved 4 Key Takeaways From Today 191 We have unique business units that support our insurance strategy Confidence in achieving Adj EBITDA1 Targets of $50m (2025) & $100m (2026) Insurance Services post-Reciprocal is highly profitable & predictable1 3 2 Porch will be a large & valuable business and is an attractive investment4 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets.

Copyright 2024 Porch Group, Inc. All rights reserved Porch Investment Highlights Defensible Strategy Advantaged underwriting Homebuyer focused More protection Strong & Engaged Team Founder-led, long-term oriented team looking to build a truly great company Profitable2 & Predictable $50m ‘25 Adj EBITDA Target1 $100m ‘26 Adj EBITDA Target1 Mitigated weather risk Record of Execution Delivered insurance strategy $72m → ~$450m in Revenue3 We are profitable2 Massive Opportunities Insurance, data, software, warranty & moving services all large TAMs & growing 192 Ready to Scale 80% Gross Margins 40%+ long-term Adj EBITDA Track record of M&A 1) Adjusted EBITDA is a non-GAAP financial measure. Please see slide 2 and appendix for important information regarding non-GAAP measures and financial targets. 2) On an Adjusted EBITDA basis. 3) 2020 full year Revenue of $72 million. 2024 full year Revenue at the mid-point of Q3’24 guidance was $447.5 million.

Copyright 2024 Porch Group, Inc. All rights reserved Upcoming Segment Reporting Change 197 ● The expected launch of PIRE and sale of HOA to PIRE is expected to trigger a change in our segments. The historical Insurance Segment will be removed, and two new segments will be presented. The new PIRE segment will be owned by policyholders, and the new Insurance Services segment will be owned by Porch Group ● Breaking out Software & Data businesses from Consumer Services (warranty and moving) What is changing? Why? When? ● Aligning with the new corporate structure and how resources will be allocated once the PIRE transaction is consummated ● Applied to Q1 2025 financial statements and reporting once HOA is sold to PIRE We do not currently guide to or operate under the segments as shown in this presentation and will not do so until fiscal 2025 following the expected launch of PIRE and sale of HOA to PIRE in January 2025. Prior to that time, through fiscal 2024 our chief operating decision-maker will continue to manage the business, make operating decisions, and evaluate operating and financial performance based on our existing segments. The fiscal 2024 targets provided for each segment as they are expected to be reported starting in fiscal 2025 are illustrative and solely for comparison purposes to future periods in order to reflect how we expect to guide under the new segments following the expected launch of PIRE in early fiscal 2025.

Copyright 2024 Porch Group, Inc. All rights reserved Non-GAAP Financial Measures 198 This presentation includes non-GAAP financial measures, such as Adjusted EBITDA (Loss) and Adjusted EBITDA (Loss) margin. We define Adjusted EBITDA (Loss) as net income (loss) attributable to Porch stockholders adjusted for interest expense; income taxes; depreciation and amortization; gain or loss on extinguishment of debt; other expense (income), net; impairments of intangible assets and goodwill; loss on reinsurance contract; impairments of property, equipment, and software; stock-based compensation expense; mark-to-market gains or losses recognized on changes in the value of contingent consideration arrangements, earnouts, warrants, and derivatives; restructuring costs; acquisition and other transaction costs; and non-cash bonus expense. Adjusted EBITDA (Loss) margin is defined as Adjusted EBITDA (Loss) divided by total revenue. 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. 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. Where applicable for prior periods, please see the following slide for a reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.

Copyright 2024 Porch Group, Inc. All rights reserved Non-GAAP Financial Measures 199 ($thousands) 2023 2022 2021 2020 Net loss $ (133,933) $ (156,559) $ (106,606) $ (54,032) Interest expense 31,828 8,723 5,757 14,734 Income tax provision (benefit) 622 842 (10,273) (1,689) Depreciation and amortization 24,415 27,930 16,386 6,644 Gain on extinguishment of debt (81,354) - (5,110) (5,748) Other expense (income), net (3,893) (571) (340) 6,931 Impairment loss on intangible assets and goodwill 57,232 61,386 - - Loss on reinsurance contract 36,042 - - - Impairment loss on property, equipment, and software 254 637 550 611 Stock-based compensation expense 20,709 27,041 38,592 11,296 Mark-to-market losses (gains) (1,003) (21,364) 31,664 (727) Restructuring costs 4,015 647 - - Acquisition and other transaction costs 552 1,687 5,360 311 SPAC transaction bonus - - - 3,350 Adjusted EBITDA (Loss) $ (44,514) $ (49,601) $ (24,020) $ (18,319)

Copyright 2024 Porch Group, Inc. All rights reserved Glossary 200 Term Definition AIF Attorney-in-fact, the Porch Risk Management Services entity that is a subsidiary of Porch Group. Attritional Loss Ratio Gross Loss Ratio excluding the claims losses due to catastrophic weather. Average Revenue per Company Defined as the Revenue for the period divided by the number of companies. Catastrophic Event (“CAT”) ISO’s Property Claim Services unit, the recognized authority on insured property losses, class a weather event as catastrophic when it has caused $25 million or more in total insured property industry losses, and it has affected a significant number of property and casualty policyholders and insurers. Gross Loss Ratio (“GLR”) We define Gross Loss Ratio as our insurance carrier’s gross losses divided by the gross earned premium for the respective period on an accident year basis. Gross or Direct Combined Ratio Gross or Direct Combined Ratio, being the sum of the loss ratio including loss adjustment expense and expense ratio. This is on a statutory basis for the insurance carrier. Gross Written Premium (“GWP”) The total premium written by the insurance carrier’s operations, for the face value of one year’s premium, before deductions for reinsurance and ceding commissions written in the period. LTV/CAC Defined as the contribution margin generated over the life of the customer over the variable sales and marketing costs associated with acquiring the customer. Monetized Services Defined as the average of the month end unique consumers generating revenue during the period or consumers who purchased a service or product in the period, excluding micro-services. Number of Companies Defined as the average month end number of unique customers during the measurement period that (i) generate recurring revenue and (ii) generated revenue in the period. Revenue per Monetized Service Defined as the Revenue for the period divided by the number of monetized services. QS Quota Share reinsurance. XOL Excess of Loss reinsurance.

Document and Entity Information	Dec. 05, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Dec. 05, 2024
Entity Registrant Name	PORCH GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39142
Entity Tax Identification Number	83-2587663
Entity Address, Address Line One	411 1st Avenue S.
Entity Address, Address Line Two	Suite 501
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98104
City Area Code	855
Local Phone Number	767-2400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.0001
Trading Symbol	PRCH
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001784535

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