Porch Group (PRCH) Announces New Insurance Agency Partnerships

Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced significant continued expansion with its insurance agency distribution channel, including new partnerships with Roamly Insurance Group (“Roamly”), Evertree Insurance Services, LLC (“Evertree”) and MassDrive Insurance Group, LLC (“MassDrive”).

One of Porch’s strategic priorities is to scale insurance premiums, having restarted this growth engine at the end of 2024. To further distribution, Porch is expanding the Porch Reciprocal Exchange’s (“the Reciprocal”) relationships with third party insurance agencies. The Reciprocal looks to differentiate itself to insurance agencies by providing the best products for homebuyers, the best pricing and value proposition for lower-risk homes, by providing homebuyer leads to insurance agencies, and its long-standing commitment to providing great customer service and claims experience for policyholders.

“We are rapidly growing the number of agencies appointed at the Reciprocal, and we are thrilled to announce these exciting new partnerships,” said Eric Lemieur, Head of Insurance Sales and Distribution at Porch Group. “Their modern approach to insurance and broad customer reach aligns well with our mission to simplify the homeownership journey. We seek to be a key partner for the largest insurance agencies in the country and are excited to share more updates and large incremental partnerships as we go forward.”

Our New Partners

Roamly is a global leader in digital insurance technology and solutions who recently started providing homeowners insurance to its growing customer base. The Reciprocal is proud to be one of the first homeowners carriers selected to join Roamly’s carrier panel. This appointment is live, and Roamly is officially appointed in 19 states, marking a significant milestone in expanding both companies’ footprints.

“We are excited to partner with Porch Group to offer homeowners insurance through our AI enabled digital insurance platform,” said Brad Simmons, General Manager. “Just as Roamly’s technology and expertise has simplified coverage for protecting the things that people love, Porch’s mission to simplify the homeownership journey resonates with our customer base.”

Evertree is a rapidly growing, tech-enabled, insurance brokerage offering customized solutions to customers in the personal and commercial lines space. The appointment is live and officially appointed in 15 states.

“At Evertree, we hold our carrier partnerships to the highest standard, and HOA continues to exceed expectations. We’re proud to work alongside them as we grow together,” said Drew Monroe, CEO, Evertree Insurance.

MassDrive is a nationally-licensed independent digital insurance agency owned by Bindable, a provider of Insurance-as-a-Service technology and tools to power P&C distribution at scale. With a strong focus on technology and customer accessibility, MassDrive’s mission is to enhance how consumers discover, compare, and purchase insurance products across digital and traditional channels. Porch and MassDrive have partnered to offer home insurance products, making Porch’s coverage available across their robust distribution network.

"We look for every opportunity to better serve today’s insurance consumers by offering access to top-tier products through both our own agency and our partner channels," said Jean-Marie Lovett, president of Bindable and MassDrive Insurance Group. "The addition of Porch's home insurance product to our Insurance-as-a-Service platform not only strengthens the options available to end consumers, but also provides Porch with a fast, effective path to expand distribution and reach new customers through our far-reaching digital insurance ecosystem."

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