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Porch Group’s Homeowners of America Reaches National Expansion Milestone with Introduction of 20th State
Launch of Homeowners Insurance Offerings in Indiana Demonstrates Strong Execution of National Growth Strategy SEATTLE, July 12, 2022 (GLOBE NEWSWIRE) -- Porch
About this update from Porch Group, Inc.
[{"type":"text","content":"Launch of Homeowners Insurance Offerings in Indiana Demonstrates Strong Execution of National Growth Strategy\nSEATTLE, July 12, 2022 (GLOBE NEWSWIRE) -- Porch Group’s (Nasdaq: PRCH) (“Porch Group” or the “Company”) Homeowners of America (HOA), a property and casualty insurance provider, announced the milestone launch of homeowners insurance services in Indiana, marking its 20th state of operation. Porch Group, a leading vertical software company reinventing the home services and insurance industries, acquired HOA in April 2021 with plans to drive growth in HOA’s current markets and expand nationally. Since then, HOA has successfully launched its homeowners insurance operations in 14 states with the support of the Porch Group platform, bringing HOA’s cumulative state total to 20. The milestone addition of Indiana demonstrates Porch’s commitment to executing its national expansion strategy and delivering a technology-driven insurance experience nationwide. “We are expanding our homeowners insurance products nationwide, allowing us to take full advantage of our vertical software platform,” said Matt Ehrlichman, Porch founder, chairman, and CEO. “The introduction of services in Indiana continues our momentum as we continue to generate next-level service for homeowners and HOA agents.” About Porch GroupPorch Group is a Seattle-based, vertical software platform for the homeowner industry. Porch Group provides software and services to over 25,500 home services companies such as home inspectors, utility companies and loan officers, home inspectors, warranty companies, and real estate agencies. Through these relationships and its multiple brands, Porch provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, warranty, moving, security, TV/internet, and home repair and improvement, and more. To learn more about Porch, visit porchgroup.com or porch.com. Forward-looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “intend,” “demonstrate,” “expect,” “estimate,” “anticipate,” “should,” and “likely” and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forw...