NASDAQ:PRCH

Porch Group Announces New Partnerships and Growth in its Utilities Channel

Retrieved on: 
Wednesday, January 3, 2024
Technology, Construction & Property, Insurance, HVAC, Utilities, Professional Services, Software, Manufacturing, Energy, Residential Building & Real Estate, Marketing, Partnership, EXC, Delmarva Power, NPS, Growth, Pepco Holdings, Natural gas

Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced growth in its utility concierge channel through additional partnerships.

Key Points: 
  • Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced growth in its utility concierge channel through additional partnerships.
  • Porch now has partnerships with 12 utilities with access to over 14 million households.
  • As an example, Porch has launched utility specific warranty offerings that offer protection against unexpected issues to utility service lines.
  • I am proud of the efforts of our utilities business who are driving strong growth and great customer satisfaction with an NPS of 81.

Porch Group Announces New Warranty Partnerships and Products

Retrieved on: 
Tuesday, December 5, 2023
Software, Construction & Property, Insurance, HVAC, Professional Services, Technology, Manufacturing, Residential Building & Real Estate, Ventilation, Acquisition, Air conditioning, NerdWallet, Partnership, Heat, Growth, Warranty, Porch

Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced new partnerships and products in its warranty business (“Warranty”).

Key Points: 
  • Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced new partnerships and products in its warranty business (“Warranty”).
  • Warranty has grown profitably over the last two years and now offers products in 49 states.
  • To reach more new customers, Porch’s warranty business recently signed agreements with distribution partners NerdWallet, Inc., Lone Star Insurance Services and an insurance agency, to offer its whole home Porch Warranty product to their customers.
  • These new partnerships and products will continue to differentiate us, provide long-term advantage and position us to become a leader in this space.

Porch Group Releases Its Initial Environmental, Social and Governance Report

Retrieved on: 
Thursday, November 30, 2023
Residential Building & Real Estate, Technology, Construction & Property, Professional Services, Environmental, Social and Governance (ESG), Security, DEI (Diversity, Equity and Inclusion), Other Technology, Software, Insurance, Human Resources, Biophysical environment, Social, Sustainability, QB, ESG

Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today releases its initial Environmental, Social and Governance (“ESG”) report.

Key Points: 
  • Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today releases its initial Environmental, Social and Governance (“ESG”) report.
  • This report shares how the foundation for Porch’s ESG journey was established and the plan to share annual updates on the progress achieved.
  • Four key focus areas have been identified by the Company and stakeholders with the support of qb.
  • “We are excited to release this initial report as we begin to take actionable steps on our ESG journey.

Porch Group Insurance Carrier, HOA, Receives ‘A, Exceptional’ Financial Stability Rating

Retrieved on: 
Thursday, November 9, 2023
Software, Insurance, Public Relations, Investor Relations, Data Management, Communications, Professional Services, Technology, Business, Book, Exception, TDI, Home insurance, Demotech

Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced its wholly owned insurance carrier subsidiary, Homeowners of America Insurance Company (“HOA”), received an A, Exceptional Financial Stability Rating (“A Rating”) by Demotech, Inc. (“Demotech”).

Key Points: 
  • Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced its wholly owned insurance carrier subsidiary, Homeowners of America Insurance Company (“HOA”), received an A, Exceptional Financial Stability Rating (“A Rating”) by Demotech, Inc. (“Demotech”).
  • Companies with an A Rating possess exceptional financial stability related to maintaining surplus for policyholders at an acceptable level, should there be a general economic downturn or deterioration in the insurance cycle.
  • “HOA is now out of TDI supervision, with a strong Q3 in the books with a 39% gross loss ratio and 58% combined ratio, and the A rating from Demotech.
  • Recovering so quickly after the Vesttoo fraud reiterates the strength of our business – that the financial performance, healthy surplus, reinsurance program, and go-forward business plan are sound.

Porch Group Is Attending Various Investor Events This Quarter

Retrieved on: 
Thursday, November 9, 2023
Software, Technology, Professional Services, Insurance

Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announces its upcoming investor event attendance.

Key Points: 
  • Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announces its upcoming investor event attendance.
  • Porch Management will be attending and participating in one-on-one investor meetings at the following upcoming events:
    Investor event attendance and webinar information, where relevant, can be found on our website here .

Porch Group Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Technology, Construction & Property, Insurance, Finance, Fintech, Other Technology, Professional Services, Software, Other Construction & Property, Residential Building & Real Estate, Adjustment, Policy, Home insurance, EBITDA, GAAP, Risk, Investment, On-premises software, Video game

Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported third quarter results for the Company as of September 30, 2023, with total revenue of $129.6 million, which increased 67% compared to the prior year, and Adjusted EBITDA of $8.8 million, which increased $19.7 million compared to the prior year.

Key Points: 
  • Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported third quarter results for the Company as of September 30, 2023, with total revenue of $129.6 million, which increased 67% compared to the prior year, and Adjusted EBITDA of $8.8 million, which increased $19.7 million compared to the prior year.
  • "We are pleased to share our financial results with positive Adjusted EBITDA of $8.8 million.
  • Total revenue of $129.6 million, an increase of 67% or $52.2 million (third quarter of 2022: $77.4 million), driven by the Insurance Segment.
  • Adjusted EBITDA of $8.8 million, an increase from the prior year (third quarter of 2022: loss of $(10.9) million).

(SPAC) Special Purpose Acquisition Investigation: Katapult, LiveVox, Porch.com, and Clever Leaves. Contact Shareholder Rights Law Firm Johnson Fistel

Retrieved on: 
Friday, September 15, 2023
LLP, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Acquisition, SAN, KPLT, Roman Catholic Diocese of La Crosse, Financial services, Management

SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of law in connection with the following special purpose acquisition companies ("SPACs"):

Key Points: 
  • SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of law in connection with the following special purpose acquisition companies ("SPACs"):
    Katapult Holdings f/k/a FinServe Acquisition Corp. (NASDAQ: KPLT)
    LiveVox Holdings, Inc. f/k/a Crescent Acquisition Corporation (NASDAQ: LVOX)
    Porch.com f/k/a PropTech Acquisition Corporation (NASDAQ: PRCH)
    Clever Leaves Holdings Inc. f/k/a Schultze Special Purpose Acquisition Corp. (NASDAQ: CLVR):
    If you are an investor who has suffered losses in connection with any of the SPACs purchased below: Click or paste the following web address into your browser to submit your losses:
    Katapult Holdings f/k/a FinServe Acquisition Corp. (NASDAQ: KPLT)
    Shareholders who purchased FinServe Acquisition Corp. and continue to hold their shares are encouraged to submit their information by following the link below:
    LiveVox Holdings, Inc. f/k/a Crescent Acquisition Corporation (NASDAQ: LVOX):
    Shareholders who purchased Crescent Acquisition Corporation and continue to hold their shares are encouraged to submit their information by following the link below:
    Porch.com f/k/a PropTech Acquisition Corporation (NASDAQ: PRCH):
    Shareholders who purchased PropTech Acquisition Corporation and continue to hold their shares are encouraged to submit their information by following the link below:
    Clever Leaves Holdings Inc. f/k/a Schultze Special Purpose Acquisition Corp. (NASDAQ: CLVR):
    Shareholders who purchased Schultze Special Purpose Acquisition Corp and continue to hold their shares are encouraged to submit their information by following the link below:

Porch Group, Inc. Investors Should Contact Robbins LLP for Information About Our Investigation of PRCH

Retrieved on: 
Wednesday, September 13, 2023
SPAC, Acquisition, PTAC, Management, Porch (company)

Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points: 
  • Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
  • In December 2020, special purpose acquisition company PropTech Acquisition Corp. (PTAC) completed a business combination with Porch.com, after which the Company proceeded to operate as Porch Group, Inc. At its height, Porch Group shares traded over $27.00 per share.
  • What Now: Porch Group, Inc. shareholders have legal options.
  • If you owned shares of PropTech Acquisition Corp. at the time of the business combination and have incurred significant loss in the stock, contact us for more information about your rights.

Porch Group, Inc. Investor Alert: Robbins LLP is Investigating the Officers and Directors of PRCH on Behalf of Shareholders

Retrieved on: 
Thursday, September 7, 2023
SPAC, Acquisition, PTAC, Management, Porch (company)

Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points: 
  • Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
  • In December 2020, special purpose acquisition company PropTech Acquisition Corp. (PTAC) completed a business combination with Porch.com, after which the Company proceeded to operate as Porch Group, Inc. At its height, Porch Group shares traded over $27.00 per share.
  • What Now: Porch Group, Inc. shareholders have legal options.
  • If you owned shares of PropTech Acquisition Corp. at the time of the business combination and have incurred significant loss in the stock, contact us for more information about your rights.

PRCH Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Porch Group, Inc.

Retrieved on: 
Saturday, September 2, 2023
Class Action Lawsuit, Professional Services, Legal, SPAC, Acquisition, PTAC, Management, Porch (company)

Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points: 
  • Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
  • In December 2020, special purpose acquisition company PropTech Acquisition Corp. (PTAC) completed a business combination with Porch.com, after which the Company proceeded to operate as Porch Group, Inc. At its height, Porch Group shares traded over $27.00 per share.
  • What Now: Porch Group, Inc. shareholders have legal options.
  • If you owned shares of PropTech Acquisition Corp. at the time of the business combination and have incurred significant loss in the stock, contact us for more information about your rights.