Porch Group’s Homeowners of America Launches Insurance Services in Oklahoma
June 28 2022 - 8:00AM
Porch Group’s (Nasdaq: PRCH) (“Porch Group”) Homeowners of America
(HOA), a property and casualty insurance provider, announced the
continued momentum of its national expansion with the introduction
of service in Oklahoma.
Porch Group, a leading vertical software company reinventing the
home services and insurance industries, continues to advance the
national expansion of HOA’s competitively priced, comprehensive
homeowners insurance products following the acquisition of the
company in April 2021. As HOA’s 18th state of operation, adding
Oklahoma furthers Porch’s commitment to broadening its presence in
the insurance industry.
“HOA’s launch in Oklahoma is another milestone in our continued
expansion of our insurance operations,” said Matt Ehrlichman, Porch
Group founder, chairman, and CEO. “We are excited to bring our
well-priced, easily accessible, and high satisfaction homeowners
insurance products to Oklahoma.”
About Porch GroupPorch
Group is a Seattle-based, vertical software platform for the
homeowner industry. Porch Group provides software and services to
over 25,500 home services companies such as home inspectors,
utility companies and loan officers, home inspectors, warranty
companies, and real estate agencies. Through these relationships
and its multiple brands, Porch provides a moving concierge service
to homebuyers, helping them save time and make better decisions on
critical services, including insurance, warranty, moving, security,
TV/internet, and home repair and improvement, and more. To learn
more about Porch,
visit porchgroup.com or porch.com.
Forward-looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “believe,” “intend, “demonstrate,” “expect,”
“estimate,” “anticipate,” “should,” and “likely” and similar
expressions identify forward-looking statements. In addition,
statements that are not historical should also be considered
forward-looking statements. Readers are cautioned not to place
undue reliance on those forward-looking statements, which speak
only as of the date the statement was made. Such forward-looking
statements are based on current expectations that involve a number
of known and unknown risks, uncertainties and other factors which
may cause actual events to be materially different from those
expressed or implied by such forward-looking statements. Other
factors may cause Porch’s actual results to differ materially from
those expressed or implied in the forward-looking statements and
such factors are discussed in Porch’s filings with the U.S.
Securities and Exchange Commission (“SEC”), including its Annual
Report on Form 10-K for the fiscal year ended December 31, 2021,
and subsequent reports filed by Porch with the SEC. Copies of
Porch’s filings with the SEC may be obtained at the “Investors”
section of Porch’s website at www.porchgroup.com or on the SEC’s
website at www.sec.gov.
The forward-looking statements included in this press release
are made as of the date hereof. Porch is not under any obligation
to (and expressly disclaims any such obligation to) update any of
the information in this press release if any forward-looking
statement later turns out to be inaccurate, whether as a result of
new information, future events or otherwise, except as otherwise
may be required by the federal securities laws.
Press Contact:Catherine AdcockGateway
Group(949) 574-3860PRCH@gatewayir.com
Investor Relations Contact:Emily Lear, Head of
Investor RelationsPorch Group(701)
214-8177Emilylear@porch.com
Matt Glover/Alex ThompsonGateway Group, Inc.(949)
574-3860PRCH@gatewayir.com
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