Porch Group, Inc. announced on May 18, 2025, that Homeowners of America Insurance Company (HOA) was ranked number 1 in Texas for Direct Combined Ratio performance among homeowners insurance carrier peers in 2024, according to the AM Best Market Share Report.
HOA also achieved its best-ever national ranking, placing third overall. This performance reflects Porch’s unique data advantage, including insights into 90% of U.S. properties, and rigorous risk selection strategies.
The strong loss ratio performance continued into Q1 2025, with the Porch Reciprocal Exchange (including HOA) achieving a 46% gross loss ratio, a substantial improvement from 71% in Q1 2024. The attritional loss ratio further improved to 17% in the first quarter.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.