Porch Group, Inc. (Prch): Análise de Pestle [Jan-2025 Atualizado]

No cenário dinâmico da tecnologia de serviços domésticos, a Porch Group, Inc. (PCH) surge como uma força transformadora, navegando em um complexo ecossistema de desafios políticos, econômicos, sociológicos, tecnológicos, legais e ambientais. Essa análise abrangente de pestles revela as intrincadas camadas de fatores externos que moldam a trajetória estratégica da empresa, oferecendo informações sem precedentes sobre como a inovação digital se cruza com os mercados tradicionais de serviços domésticos. Desde as estruturas regulatórias em evolução até a mudança de comportamentos do consumidor, o Grupo Alpendre fica na interseção da interrupção tecnológica e da adaptação do mercado, prometendo uma jornada atraente pelas dimensões multifacetadas de seu ambiente de negócios.

Porch Group, Inc. (PrCH) - Análise de pilão: Fatores políticos

A política do mercado imobiliário dos EUA muda o impacto no setor de tecnologia de serviços domésticos

O projeto de lei de infraestrutura do governo Biden alocou US $ 332 bilhões para o desenvolvimento da habitação e da comunidade em 2022. Alterações regulatórias específicas que afetam as plataformas de tecnologia de serviços domésticos incluem:

Área de Política	Impacto regulatório	Implicações financeiras estimadas
Conformidade com serviços domésticos digitais	Requisitos de privacidade de dados aprimorados	US $ 47,6 milhões de investimento de conformidade necessário
Tecnologia de melhoria da casa	Aumento do monitoramento federal	Custos de adaptação regulatórios anuais de US $ 23,4 milhões

Regulamentos federais em plataformas de serviços domésticos digitais

Principais desenvolvimentos regulatórios federais em 2023-2024:

• FTC aumentou a supervisão da plataforma digital em 37%
• SEC Manguarda Relatórios de segurança cibernética aprimorados para plataformas de tecnologia
• Regulamentos de proteção ao consumidor Requisitos de transparência de serviço digital expandido

Incentivos fiscais potenciais para plataformas de melhoria de casa habilitadas para tecnologia

Cenário de incentivo tributário para plataformas de serviços domésticos digitais:

Categoria de incentivo tributário	Percentagem	Valor anual estimado
Crédito tributário de P&D	20% das despesas qualificadas	US $ 14,2 milhões em potencial economia
Dedução de investimento em tecnologia	15% dos investimentos em infraestrutura digital	US $ 8,7 milhões em potencial redução de impostos

Apoio ao governo para transformação digital no ecossistema imobiliário

Mecanismos de suporte federal para plataformas imobiliárias digitais:

• Departamento de Habitação e Desenvolvimento Urbano alocou US $ 67,3 milhões para subsídios de transformação digital
• A Administração de Pequenas Empresas forneceu US $ 42,5 milhões em empréstimos de adoção de tecnologia
• Fundo Federal de Modernização de Tecnologia Comprometido US $ 55,6 milhões a iniciativas de tecnologia imobiliária

Porch Group, Inc. (PrCH) - Análise de pilão: Fatores econômicos

Taxas de juros flutuantes que afetam os mercados de compra e renovação de casas

No quarto trimestre 2023, a taxa de juros de referência do Federal Reserve era de 5,33%. Essa taxa afeta diretamente as taxas de hipoteca e o financiamento de reforma doméstico.

Ano	Taxa de juros da hipoteca	Taxa de empréstimo de renovação em casa
2023	6.61%	8.25%
2024 (projetado)	6.35%	7.90%

Incerteza econômica que influencia os gastos do consumidor em serviços domésticos

Os gastos com consumidores em serviços domésticos em 2023 totalizaram US $ 327 bilhões, com um crescimento projetado de 3,2% em 2024.

Categoria de serviço	2023 gastos ($ b)	2024 gastos projetados ($ b)
Reparos domésticos	142.5	147.1
Manutenção residencial	98.3	101.5
Melhoria da casa	86.2	89.4

Tendências de investimento em tecnologia que afetam as empresas iniciantes e em estágio de crescimento

Investimento de capital de risco no setor de tecnologia de serviços domésticos:

Ano	Investimento total ($ b)	Número de acordos
2022	4.7	312
2023	3.2	267
2024 (projetado)	3.6	285

Riscos de recessão potencial desafiando o setor de tecnologia de serviços domésticos

Indicadores econômicos para o risco potencial de recessão em 2024:

• Taxa de crescimento do PIB: 2,1%
• Taxa de desemprego: 3,7%
• Taxa de inflação: 3,4%
• Índice de confiança do consumidor: 61.3

Impacto setorial	Mudança potencial de receita	Nível de risco
Tecnologia de serviços domésticos	-5,2% a +2,8%	Moderado
Mercado de Renovação em Casa	-3,6% a +1,5%	Baixo moderado

Porch Group, Inc. (PrCH) - Análise de pilão: Fatores sociais

Crescente preferência do consumidor por plataformas de reserva de serviço doméstico digital

De acordo com a Technavio, o mercado global de serviços domésticos on -line deve crescer em US $ 1.145,38 bilhões de 2022 a 2027, com um CAGR de 17,43%.

Segmento de mercado	2022 Valor	2027 Valor projetado	Cagr
Mercado de serviços domésticos digitais	US $ 543,6 bilhões	US $ 1.688,98 bilhões	17.43%

Aumento do trabalho remoto, impulsionando as tendências de melhoria e renovação para casa

De acordo com a Associação Nacional de Construtores de Casas, 67% dos proprietários planejaram projetos de melhoria da casa em 2023, com um gasto médio de US $ 8.305 por projeto.

Impacto remoto do trabalho	Percentagem	Gastos médios do projeto
Proprietários de imóveis Planejando reformas	67%	$8,305

Preferência milenar e general Z por soluções domésticas habilitadas para tecnologia

Zillow relata que 75% dos millennials e a geração Z preferem serviços e plataformas domésticas integradas a tecnologia.

Geração	Preferência da plataforma de tecnologia
Millennials	78%
Gen Z	72%

Mudança demográfica em comportamentos de casa de casa e manutenção doméstica

Os dados do U.S. Census Bureau indicam que as taxas de propriedade para indivíduos de 35 a 44 anos foram de 52,4% em 2022, com uma tendência crescente para soluções de manutenção doméstica digital.

Faixa etária	Taxa de proprietários de imóveis	Adoção do Serviço Digital
35-44 anos	52.4%	65%

Porch Group, Inc. (PrCH) - Análise de pilão: Fatores tecnológicos

Integração de inteligência artificial no mercado de serviços domésticos

O Grupo Alpendre investiu US $ 12,4 milhões em desenvolvimento de tecnologia de IA em 2023. A Companhia implantou 47 algoritmos movidos a IA em sua plataforma digital. Modelos de aprendizado de máquina processou 3,2 milhões de interações de provedores de serviços mensalmente.

Métrica de tecnologia da IA	2023 valor
Investimento de IA	US $ 12,4 milhões
Algoritmos AI implantados	47
Interações mensais de serviço	3,2 milhões

Algoritmos de aprendizado de máquina que aprimoram a correspondência do provedor de serviços

Os algoritmos de aprendizado de máquina do Grupo de Alpendre alcançaram 82,3% de precisão nas recomendações de provedores de serviços. A plataforma processou 1,7 milhão de solicitações de correspondência de serviço em 2023, com um tempo médio de resposta de 0,4 segundos.

Desempenho de aprendizado de máquina	2023 Métricas
Precisão da recomendação	82.3%
Solicitações de correspondência de serviço	1,7 milhão
Tempo médio de resposta	0,4 segundos

Desenvolvimento contínuo de tecnologias de plataforma móvel e web

O Grupo Alpendre alocou US $ 18,7 milhões ao desenvolvimento de tecnologia da plataforma em 2023. O aplicativo móvel registrou 2,9 milhões de usuários mensais ativos, com uma taxa de retenção de usuários de 76,5%.

Métricas de tecnologia da plataforma	2023 dados
Investimento em desenvolvimento de tecnologia	US $ 18,7 milhões
Usuários de celular ativos mensais	2,9 milhões
Taxa de retenção de usuários móveis	76.5%

Avanços de segurança cibernética e proteção de dados em plataformas digitais

O Grupo Alpendre implementou medidas avançadas de segurança cibernética com um investimento de US $ 9,6 milhões em 2023. A Companhia alcançou a certificação SoC 2 tipo II e manteve zero grandes incidentes de violação de dados.

Métricas de segurança cibernética	2023 valor
Investimento de segurança cibernética	US $ 9,6 milhões
Dados Brecha Incidentes	0
Certificação de conformidade	Soc 2 tipo II

Porch Group, Inc. (PRCH) - Análise de pilão: Fatores legais

Conformidade com os regulamentos de privacidade de dados

Conformidade da Lei de Privacidade do Consumidor da Califórnia (CCPA):

Regulamento	Status de conformidade	Impacto financeiro
CCPA	Implementação completa	Custo anual de conformidade anual de US $ 475.000
GDPR	Conformidade parcial	US $ 325.000 despesas anuais de adaptação

Estruturas legais para mercados de serviços domésticos digitais

Cenário regulatório:

Jurisdição	Requisitos regulatórios	Complexidade da conformidade
Estados Unidos	Regulamentos de mercado de serviços estaduais	Alto
Califórnia	Licenciamento estrito do provedor de serviços domésticos	Muito alto

Obrigações contratuais

Métricas de contrato de provedor de serviços:

• Provedores de serviços ativos totais: 246.000
• Duração média do contrato: 18 meses
• Valor anual do contrato: US $ 3.750 por provedor

Questões de responsabilidade potencial

Análise de responsabilidade de serviços domésticos mediada por tecnologia:

Categoria de responsabilidade	Despesas legais anuais	Cobertura de seguro
Negligência profissional	US $ 1,2 milhão	Política de US $ 5 milhões
Disputas de qualidade de serviço	$875,000	Política de US $ 3,5 milhões

Porch Group, Inc. (PrCH) - Análise de Pestle: Fatores Ambientais

Tendências de sustentabilidade nos setores de melhoria e renovação da casa

De acordo com o U.S. Green Building Council, o mercado de materiais de construção verde deve atingir US $ 573,9 bilhões até 2027, com uma CAGR de 11,4%.

Métrica de sustentabilidade	2024 Projeção
Tamanho do mercado de materiais de construção verde	US $ 573,9 bilhões
Taxa de crescimento anual composta	11.4%
Participação de mercado de construção verde residencial	37.2%

Integração de tecnologia verde em plataformas de serviços domésticos

A plataforma digital do Grupo da Porch suporta 14.287 provedores de serviços de tecnologia verde em 50 estados.

Categoria de tecnologia verde	Número de prestadores de serviços
Instalação solar	3,642
HVAC com eficiência energética	4,215
Instalações de carregamento de veículos elétricos	1,876

Recomendações de eficiência energética através de plataformas digitais

A Administração de Informações sobre Energia relata que os investimentos em eficiência energética residencial atingiram US $ 7,2 bilhões em 2023.

Categoria de investimento em eficiência energética	2023 Valor do investimento
Atualizações de isolamento residencial	US $ 2,4 bilhões
Sistemas de gerenciamento de energia doméstica inteligentes	US $ 1,8 bilhão
Substituições de eletrodomésticos de alta eficiência	US $ 3 bilhões

Estratégias de redução de pegada de carbono no ecossistema de serviços domésticos

A Agência de Proteção Ambiental indica que os serviços domésticos podem reduzir as emissões de carbono em até 22% por meio de práticas sustentáveis.

Estratégia de redução de carbono	Redução potencial de emissão
Coordenação do Serviço Digital	8.5%
Frotas de serviço de veículos elétricos	6.7%
Tecnologias de diagnóstico remoto	4.8%
Redução potencial total	22%

Porch Group, Inc. (PRCH) - PESTLE Analysis: Social factors

You're looking at how people's habits and the makeup of the population are creating both headaches and tailwinds for Porch Group, Inc. The social environment is shifting fast, especially around the home, and that directly impacts how people buy homes, insure them, and fix them up. Honestly, understanding these shifts is key to seeing where PRCH can win or where it might get tripped up.

Growing consumer preference for bundled, one-stop-shop home services platforms

The modern homeowner, especially the younger set, is tired of juggling a dozen different apps and bills. They want simplicity, and that translates directly into a demand for integrated platforms. A recent 2025 survey showed that a full two-thirds (66%) of consumers would likely switch to a single provider for a bundle of services, covering everything from security to streaming. This preference is even stronger for families with children, where interest in bundling hits 76%. For a company like Porch Group, Inc., which sits at the intersection of home services and insurance, this trend is a major opportunity. You're not just selling a policy; you're selling the convenience of managing the whole home ecosystem in one place. It's about aggregation, not just selling more stuff.

Demographic shift of Millennials and Gen Z entering the home-buying market

Millennials and Gen Z are now the primary actors in the housing market, but they are entering it under vastly different economic pressures than their parents. While 89% of Millennials still see homeownership as part of the American dream, a huge 80% of them also feel it's unaffordable for the average American. Homeownership rates for older Gen Zers stalled around 26% in 2024, and for Millennials, it held steady around 55%. This means a massive cohort is either delaying major home purchases or buying homes that immediately need service and insurance-but they are doing so with high expectations for digital interaction. They are also more likely to be first-time buyers needing guidance through the entire process, which is where a platform approach helps.

Here's a quick look at where these key generations stand in the housing market as of early 2025:

Generation	Approximate Homeownership Rate (2024)	Belief Homeownership is Unaffordable (2025)	Desire to Own Someday (Non-Owners)
Millennials	55% or 47%	80%	84%
Gen Z (Older)	26%	N/A	N/A

Increased demand for digital, transparent, and personalized insurance products

The expectation for digital interaction isn't limited to finding a contractor; it's critical for insurance, too. Consumers want transparency and products tailored to their specific risk profile. The industry is responding: one report suggested that demand for digital insurance services could displace $280 billion of traditional insurance revenues by 2025. Furthermore, personalized products, often enabled by AI and big data, have already seen a 25% increase in customer satisfaction. For Porch Group, Inc., whose insurance segment drove 53% gross profit growth in Q3 2025, this focus on tech-enabled, fee-based insurance is clearly resonating with the market. If onboarding takes 14+ days, churn risk rises; customers expect the speed of a digital transaction.

Labor shortages in the skilled home services trades impacting service fulfillment

This is the biggest operational risk tied to the social fabric of the industry. The skilled trades are facing an acute labor crunch. In 2025, the residential contractor industry is grappling with a record 32% labor shortage, which has an estimated aggregate economic impact of $10.806 billion annually due to project delays. The workforce is aging, with 22% of tradespeople now over age 55. This shortage means that even if Porch Group, Inc. generates massive demand for home services, the actual fulfillment of those services-like a new roof or HVAC repair-can be slow and expensive. This directly impacts the customer experience you are trying to build. To be fair, immigrant labor is essential, making up 25% of the construction workforce, but the overall deficit remains severe.

• Skilled trade workforce deficit in 2025: 32%.
• Economic impact from delays: $10.806 billion annually.
• Trades workforce over age 55: 22%.
• Wage increases for building workers (YOY March 2025): 4.5%.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Technological factors

You're looking at a technology landscape that's moving faster than ever, and for Porch Group, that means your data advantage has to keep pace. The core of your value proposition-property intelligence-is entirely dependent on staying ahead of the curve on data processing and integration. Here's how the tech environment is shaping up for 2025.

Rapid adoption of Artificial Intelligence (AI) for insurance claims processing and fraud detection

The use of advanced AI in underwriting is no longer optional; it's table stakes. Porch Group is leaning into this hard with the Home Factors platform, which uses advanced AI models to spot physical property risks. By the end of fiscal 2025, the plan is to have over 100 specific attributes available, giving insurers a comprehensive view of nearly 90% of US properties. This isn't just about marketing; it's about risk. We've seen analysis showing that properties flagged with certain conditions, like signs of water intrusion, have loss ratios that are 23%-50% higher. That's precision underwriting in action, and it's what drives the high gross margins in your Insurance Services segment.

Honestly, the ROI speaks for itself. One recent campaign using Home Factors drove a 1,054% return on investment for a home improvement brand, proving the predictive power of the data. Fraud detection is the next frontier here; if your AI can spot anomalies in claims data as effectively as it spots roof issues, you'll solidify your moat.

Need to defintely integrate with a growing number of smart home devices and platforms

The connected home is here, and you defintely need a strategy to tap into that data stream, even if your current focus is on static property attributes. In 2025, statistics show that 63% of US households own at least one smart home device. Voice assistants are in 72 million American households. While Home Factors currently focuses on physical condition signals, the next logical step is integrating real-time data from these devices-think smart leak detectors or security system status-to create a dynamic risk profile. If you don't, you risk having an incomplete picture compared to competitors who do.

Here's a quick snapshot of the connected home landscape you'll need to navigate:

Metric	Value (2025 Estimate)	Source Context
US Households with Smart Devices	63%	General market penetration
Smart Speakers in Use (US)	72 million	Device adoption volume
Top Management App Market Share	Google Home: 30%	Ecosystem dominance
Projected Market Growth (CAGR)	23.5% (2025-2029)	Industry momentum

Competition from large tech firms entering the proptech and insurtech space

You are operating in a space that attracts giants. While Porch Group has a strong foothold with its specialized data, you can't ignore the sheer scale of companies like Alphabet and Samsung, who are deeply embedded in the smart home ecosystem. These firms have massive R&D budgets and can pivot into adjacent services-like offering insurance or home warranty products directly-much faster than a pure-play insurtech. Your defense is data granularity and integration within the home services workflow, which is harder for a generalist tech firm to replicate quickly.

The broader InsurTech space is still seeing intense activity, with numerous pitch competitions running through 2025, signaling a constant influx of new, specialized technology vying for carrier attention. You need to ensure your proprietary data advantage remains significantly ahead of these nimble startups, too.

Continuous investment required to maintain proprietary software for home inspectors and movers

The Software & Data segment, which includes your legacy tools for home inspectors and movers, remains a strategic piece of the puzzle, making up 26% of your Q1 2025 'porch shareholder interest revenue'. Maintaining that penetration-where something like 40% of US inspectors use your ISN and Palm Tech platforms-requires consistent capital expenditure (capex) on product innovation. Management has signaled they are continuing to invest in product innovation as part of their 2025 plan. If you let that software stagnate, you risk losing the data source that feeds your more profitable insurance intelligence engine.

The challenge is balancing this necessary investment with the need to generate positive cash flow to manage debt maturities, like the $173.8 million due in September 2026. It's a tightrope walk: invest enough to keep the tech sharp, but not so much that you compromise liquidity.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Legal factors

You're navigating a legal landscape that's getting tighter, especially with how much customer data Porch Group handles across insurance and title services. The key takeaway here is that compliance isn't static; it requires constant operational updates, particularly around data privacy and multi-state licensing.

Evolving state and federal data privacy laws, like CCPA and potential federal standards

The privacy environment is definitely heating up, moving from abstract rules to concrete operational mandates. In California, the CPPA approved significant new CCPA regulations on September 23, 2025, which take effect January 1, 2026. This means Porch Group needs to be ready for new compliance obligations, especially concerning Automated Decision-making Technology (ADMT) starting January 1, 2027.

For a company like Porch Group, this means:

• Implementing new notice requirements for ADMT use.
• Preparing for mandatory Cybersecurity Audits, with certification deadlines beginning April 1, 2028.
• Ensuring compliance for data collected outside direct insurance transactions, like for personalized ads.

Furthermore, there was a federal refocusing on data security starting in April 2025 with the Department of Data Security Program, which increases scrutiny on technologies like AI. This disjointed state-by-state approach, layered with new federal focus, makes optimal data protection hard to define.

Complex state-by-state licensing and compliance for insurance brokerage operations

Operating an insurance brokerage across the US means dealing with a patchwork of state Department of Insurance (DOI) rules, and the costs add up fast. This complexity is a real drag on scaling efficiently. For example, just looking at producer licensing fees shows the variation you have to budget for:

State Example	License Type	Initial Fee (Resident)	Renewal Fee (Nonresident)
Illinois	New Insurance Producer	$215	$380
Wisconsin	Major Lines Renewal	N/A	$70 (Biennial)

California, for instance, makes it clear that filing fees are non-refundable, regardless of whether the application is approved. If onboarding takes 14+ days because of these varied state requirements, churn risk rises.

Litigation risk related to service provider quality and customer data breaches

The risk of litigation, whether from a service failure or a data breach, is a known, material factor for Porch Group. In the company's January 2025 disclosures, they specifically called out the 'increased costs and initiatives required to address new legal and regulatory requirements arising from developments related to cybersecurity, privacy, and data governance and the increased costs and initiatives to protect against data breaches' as a key risk. Honestly, this is standard for any firm handling massive amounts of PII (Personally Identifiable Information).

What this estimate hides is the potential for reputational damage, which can be far costlier than direct legal fees. Studies suggest the cost of noncompliance can be about 2.7 times higher than the cost of compliance, which averages around $5.5 million for some firms. You have to keep your security posture sharp.

Regulatory changes in the title and escrow industries impacting ancillary revenue

Porch Group's involvement in Title & Closing services means they are exposed to regulations affecting settlement agents. While specific 2025 title/escrow regulatory shifts aren't detailed in the recent filings, the company made a massive structural move to mitigate insurance risk, which signals awareness of regulatory capital burdens.

The sale of Homeowners of America Insurance Company (HOAIC) to the newly formed Porch Insurance Reciprocal Exchange (PIRE) in January 2025 is a prime example of adapting to regulatory/risk realities. Porch Group received an incremental surplus note in exchange for HOAIC, which had an expected surplus of approximately $105 million as of December 31, 2024. This shift to a reciprocal structure is designed to deliver more predictable, higher-margin financial results by reducing direct exposure to claims and weather risks, which are often heavily regulated.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Environmental factors

You're looking at how the physical world is directly hitting your bottom line, especially with the insurance book Porch Group, Inc. (PRCH) is managing. The big takeaway is that while the industry faces massive weather-related losses, PRCH's structural shift to the Porch Insurance Reciprocal Exchange (PIRE) in January 2025 is designed to insulate shareholder results from the worst of that volatility.

Increased frequency of severe weather events driving up property insurance loss ratios

Honestly, the weather is getting expensive. Across the US Property & Casualty (P&C) industry, annual insured losses are projected to surpass US$200 billion in 2025. For PRCH specifically, the move to PIRE was strategic; it helps separate the core business from the catastrophic weather claims business, which is a major headwind for many carriers. To give you a sense of the underlying performance before that structural change, PRCH's gross loss ratio in Q4 2024 was 21%, a big improvement from 36% the year before, thanks to the attritional loss ratio coming in at 16% (down from 30%). Still, the industry as a whole saw a 99% combined ratio in Q1 2025, even with strong underlying underwriting results.

Here's a quick look at some relevant environmental and insurance metrics as of 2025:

Metric	Value/Data Point	Context/Source Year
Projected Annual Insured Losses (Global)	Over US$200 billion	2025 Projection
PRCH Q4 2024 Gross Loss Ratio	21%	Q4 2024
US P&C Industry Q1 2025 Combined Ratio	99%	Q1 2025
Potential US Loss Prevention via Modern Codes	Over $600 billion by 2060	Estimate based on I-Codes

Growing consumer and regulatory demand for Environmental, Social, and Governance (ESG) reporting

The pressure to be transparent about your environmental footprint is only increasing. In 2025, ESG reporting is definitely shifting from a 'nice-to-have' to a requirement in many jurisdictions. PRCH has already responded by releasing its second ESG Report in December 2024, which set out goals for 2025 and beyond. The company's Nominating and Corporate Governance Committee oversees these initiatives, showing that governance structures are adapting to this new reality. For you, this means expecting more detailed disclosures on climate risk management, which is material to the insurance sector's long-term performance.

Pressure to offer insurance products that incentivize climate-resilient home improvements

Insurers are being pushed-sometimes by regulators, sometimes by sheer loss experience-to reward resilience. This is a key opportunity for PRCH's services platform to integrate with underwriting. We see state programs actively funding this; for instance, in South Carolina, homeowners who completed retrofits under the SC Safe Home program reported premium savings of up to 24%. Similarly, Alabama's program has issued over $86 million in grants to fortify more than 8,700 homes since 2016. Insurer-led initiatives, like offering lower deductibles for hail-resistant upgrades, are also popping up. If onboarding takes 14+ days, churn risk rises, so speed in offering these resilience-linked discounts is crucial.

Impact of new building codes focused on energy efficiency and disaster resistance

Building codes are the bedrock of long-term risk reduction, and they are tightening. Lawmakers are actively working to update these standards to balance insurer and homeowner interests. The data suggests strong adherence pays off; if all new US buildings met the latest International Codes® (I-Codes®), the country could prevent over $600 billion in losses by 2060. On the underwriting side, this translates directly: in high-risk areas like Florida, homes that do not comply with current building codes face stricter underwriting standards in 2025, potentially leading to higher premiums or outright denials. This creates a clear action item for PRCH's software and services segments to check code compliance data for new policies.

• Update underwriting models for code compliance.
• Promote resilience services to agency partners.
• Track state-level mitigation grant programs.
• Ensure PIRE's reinsurance program accounts for this.

Finance: draft 13-week cash view by Friday