Question · Q4 2025
Timothy D'Agostino questioned the apparent lag between active agencies growth and quote volume growth, asking if it's due to seasonality or if agencies onboarded late in the quarter could provide a tailwind for Q1.
Answer
COO Matthew Neagle confirmed that there is a lag between agency additions and quote volume due to onboarding and system setup, positioning the number of agencies as a leading indicator. He also highlighted that the full rollout of Porch Insurance is expected to further engage the distribution base and drive growth into 2026.
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PRCH's earnings beat/miss a week before the call