Porch Group reported third-quarter consolidated revenue of $143.9 million, a 13% increase year-over-year, driven by Insurance Services revenue growth of 39%. Net income attributable to the company was $12.2 million, and Adjusted EBITDA (Excluding Reciprocal) more than doubled to $44.5 million. The company raised its full-year Porch-Owned Segments guidance, projecting revenue between $518 million and $523 million. Additionally, management announced a pending acquisition of Allied Trust for approximately $150 million in cash and stock, expected to close in early 2027. Porch Group operates as a technology-driven homeowners insurance company.
