Porch Group, Inc. (NASDAQ:PRCH) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET
Company Participants
Emily Lear – Head-Investor Relations
Matt Ehrlichman – Chief Executive Officer
Marty Heimbigner – Chief Financial Officer
Matthew Neagle – Chief Operating Officer
Adam Kornick – President-Insurance Division
Malcolm Conner – Vice President and Group General Manager-Warranty Division
Conference Call Participants
John Campbell – Stephens
Jason Helfstein – Oppenheimer
Mike Grondahl – Northland
Dan Kurnos – Benchmark
Justin Ages – Berenberg
Danny Pfeiffer – JPMorgan
Josh Siegler – Cantor
Ryan Tomasello – KBW
Emily Lear
Good afternoon everyone and thank you for participating in Porch Group's Third Quarter 2022 Conference Call. Today, we issued our third quarter earnings press release and related Form 8-K to the SEC. The press release can be found on our Investor Relations website on ir.porchgroup.com
Joining us here today are Matt Ehrlichman; Marty Heimbigner, Porch Group’s CFO; Matthew Neagle, Porch Group’s COO; Adam Kornick, President of our Insurance Division; and Malcolm Conner, VP and Group GM of our Warranty Division.
Before we go any further, I'd like to read the company's Safe Harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995, which provides important cautions regarding our forward-looking statements.
Today’s discussion, including in response to your questions, management’s views as of today, November 8, 2022. We do not undertake any obligations to update or revise this information. Additionally, we will make forward-looking statements about our future financial or business performance or conditions, business strategy and plans and anticipated impacts from pending or completed acquisitions based on current expectations and assumptions.
These statements are subject to risks and uncertainties, which could cause our actual results to differ materially from those forward-looking statements. We encourage you to consider the risk factors described in our SEC filings for additional information.
We will reference both GAAP and non-GAAP financial measures on today’s call. Please refer to today’s press release for reconciliations of non-GAAP measures to the most comparable GAAP measures discussed during this earnings call.
As a reminder, this webcast will available for a replay shortly after the conclusion of this presentation on the Investor Relations section of the company’s website at ir.porchgroup.com. The slide presentation will follow the presenters’ commentary and can be found on the website.
Today, in addition to covering third quarter 2022 results, updated full year 2022 guidance and KPIs, Adam Kornick is here to provide an overview of the third quarter insurance results. And Malcolm Conner will join us to provide an update on our warranty business.