Porch Group (PRCH) Proxy filing summary

Executive summary

• Achieved significant financial improvement in 2025, with total revenue of $482.4M (up 10%), gross profit of $340.0M (up 68%), and GAAP net income of $15.3M, reversing a prior year loss.

• Transitioned to a commission and fee-based insurance services model, reducing volatility and improving predictability.

• Strengthened capital position, improved liquidity, and executed debt refinancing and stock repurchase programs.

• Focus for 2026 is on rapid, profitable, and sustainable growth in insurance premium and revenue, while maintaining underwriting discipline.

Voting matters and shareholder proposals

• Election of eight directors for one-year terms.

• Ratification of Grant Thornton LLP as independent auditor for 2026.

• Advisory vote on executive compensation (Say-on-Pay).

• Approval and adoption of an Employee Stock Purchase Plan (ESPP).

Board of directors and corporate governance

• Board consists of eight nominees with diverse expertise in governance, finance, technology, and insurance.

• Majority of directors are independent under Nasdaq rules; all committee members are independent.

• Lead Independent Director structure in place; annual board and committee self-evaluations conducted.

• Declassified board with annual elections; plurality plus voting and director resignation policy.

• Proactive shareholder engagement, with over 400 investor meetings in 2025.