Porch Group, Inc. (PRCH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and thank you for participating in Porch Group's second quarter 2026 conference call. Earlier today, we issued our press release and filed our related Form 8K with SEC. The earnings release and today's presentation are available on our investor relations website at ir.porchgroup.com. Before we begin, I'd like to review the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995, which provides important cautions regarding forward-looking statements. Today's discussion, including responses to your questions, reflect management's views as of today, July 29, 2026. We undertake no obligation to update or revise these remarks. We will make forward-looking statements that involve risk and uncertainties, and actual results may differ materially. Please refer to the information on this slide in our SEC filings for additional detail. We will also reference certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are included in today's earnings release, available at ir.portsgroup.com. A replay of this webcast will be available shortly after the call, again on our investor relations site. Joining me here today are Matt Ehrlichman, Porch's CEO, Chairman, and Founder, Shawn Tabak, Porch's CFO, and Matthew Neagle, Porch's COO. With that, I'll turn the call over to Matt for his key updates. Thank you, John. Good afternoon, everyone. Should be another fun call here today. We are pleased to report a fantastic second quarter where we again delivered results that exceeded expectations and are raising guidance substantially across the board. We generated positive net income attributed to Porch in the quarter and expect that to be true for the full year of 2026, 2027, and the year...