Porch Group highlights $122 million 2026 adjusted EBITDA guidance in corporate presentation - PRCH News | RalliesPorch Group highlights $122 million 2026 adjusted EBITDA guidance in corporate presentation
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PRCH• Porch Group outlines 2026 guidance and insurance strategy
- Porch Group outlined a strategy to scale its homeowners insurance operation as manager of a third party-owned Reciprocal.
- US homeowners insurance total addressable market is estimated at about $200 billion, with Texas penetration below 2%.
- Guidance calls for $122 million adjusted EBITDA for 2026, with a medium-term adjusted EBITDA target of $660 million.
- Q2 2026 reciprocal written premium was $140 million, with insurance services adjusted EBITDA of $44 million.
- Net leverage is expected to fall below 3x by year-end 2026, with reciprocal statutory surplus at $170 million in Q2 2026.
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