Porch Group: a Lesser-Known Technology Company in the Insurance Sector

Porch Group is a technology company in the fields of home buying and home insurance. The Porch Group's transition to a fee-based model with high margins has significantly improved profitability. The EBITDA for 2024 reached record levels, and ambitious goals have been set for 2025 and 2026. In the long term, the integration of Porch Group into many areas of the home buying and home insurance business creates a meaningful flywheel. Porch Group (NASDAQ: PRCH), based in Seattle, is a so-called vertical software and insurance platform specializing...