Insurance
Home›Insurance›Industry & Deals›Porch Group reciprocal insurance policies surge 38% in…
Porch Group reciprocal insurance policies surge 38% in Q2 2026
Insurance services adjusted EBITDA margin on written premium more than doubled to 32% in Q2, and the company raised full-year guidance for Porch-owned segments.
Porch Group said its insurance services segment expanded reciprocal written premium 38% to $139.8 million in the second quarter of 2026 as it scaled its policyholder-owned reciprocal exchange model, according to Insurance Business.
The segment’s adjusted EBITDA margin as a percentage of written premium rose to 32% from 16% a year earlier. Reciprocal policies written increased 38% year over year to 58,700, up from 33% growth in Q1 2026, while statutory surplus at the Porch Reciprocal Exchange ended the quarter at $169.9 million, up 33% from Q2 2025.
Porch reported insurance services segment revenue of $92.9 million, up from $67.4 million a year earlier, with adjusted EBITDA of $44.4 million compared with $19.7 million in the prior-year period. Insurance services gross profit as a percentage of reciprocal written premium rose to 58% from 48%, and Porch also cited top-of-funnel expansion, including producing agency branch locations up 148% from Q2 2025 and quote volumes up 87%.
Under the reciprocal structure described by the company, policyholders own the exchange while a Porch subsidiary acts as attorney-in-fact and earns fees on premiums. Porch raised full-year guidance for Porch-owned segments, moving revenue guidance to $506 million to $517 million from $495 million to $507 million, and adjusted EBITDA excluding the Reciprocal is now guided at $119 million.