Porch Group completes $100M acquisition of Homeowners of America to expand national home-insurance footprint
Porch Group completed its $100 million acquisition of Homeowners of America Inc., aiming to expand aggressively into the national home insurance market while it continues working toward profitability. The deal is Porch's largest since its 2020 IPO as the company raised 2021 revenue guidance and reported narrower net losses for 2020.
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