Business
Porch Group Launches Insurance in Michigan
Porch Group Launches Insurance in
About this update from Porch Group, Inc.
[{"type":"text","content":"\nPorch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced that Homeowners of America (“HOA”) has launched in Michigan, marking the 22nd state in which HOA operates.\n\n\nThis launch supports Porch’s broader strategy to expand distribution and drive premium growth and cash flow over time through its insurance platform.\n\n\n“We’re pleased to bring HOA’s homeowners insurance offering to Michigan and expand our ability to serve independent agents and policyholders in another important market,” said Matt Ehrlichman, Founder and CEO of Porch Group. “This expansion is another step in executing our growth plan, extending the Reciprocal’s footprint while staying disciplined in underwriting.”\n\n\n“Opening Michigan is a meaningful milestone for our team and for the agents we support,” said Efram Ware, President of Homeowners of America. “HOA is built around independent agents. We focus on being easy to work with, providing clear underwriting guidelines and target segments, and pairing strong product features and discounts with data‑driven insights that help agents win. We’re excited to start writing in Michigan and to grow alongside our agency partners.”\n\n\nFor more information, visit the HOA website at www.hoaic.com.\n\n\nAbout Porch Group\nPorch Group, Inc. is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit ir.porchgroup.com.\n\n\nForward‑Looking Statements\nCertain statements in this release 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...