What Homeowners of America Holding does

Homeowners of America Insurance Company (HOAIC) is a U.S. property and casualty insurance carrier focused exclusively on residential property insurance for homeowners, condominium owners, and landlords/rental-property owners. The company underwrites four core products — homeowners, condo, landlord/dwelling fire, and flood insurance (with flood distributed through a partnership with Wright Flood under the FEMA-administered NFIP) — supplemented by eight optional endorsements including equipment breakdown (via Travelers BoilerRe), inland flood (via MunichRe), replacement-cost personal property, jewelry limit increase, refrigerated property, pet coverage, service line coverage, and mortgage extra expense. Products are distributed exclusively through a network of licensed independent insurance agents, supported by HOAIC's PTS 6.0 agency portal and integrations with most major comparative raters (AgencyStream Quote, Bolt, Turbo Rater, EZ Lynx, PL Rating, and others). Coverage is quote-based and not publicly priced, and policies are 12-month recurring contracts.

The carrier is domiciled in Texas, headquartered in Irving, and licensed across 22 U.S. states as of May 2026 following a Michigan launch. It holds a Financial Stability Rating of A, Exceptional, from Demotech, Inc. (affirmed November 9, 2023), a credential widely accepted by mortgage lenders. Operating underwriting is supported by a diversified reinsurance program and "home-specific data" risk analytics. In January 2025, Porch Group completed the sale of HOAIC to its newly formed Porch Insurance Reciprocal Exchange (PIRE) for approximately $105 million, transitioning the parent's insurance economics from underwriting results to a commission and fee-based model; HOAIC now operates as a wholly owned subsidiary of PIRE. The senior team includes Efram Ware (President & General Manager; 25 years P&C experience), Mike Capuzzi (Head of Insurance Operations; ex-Allstate, Progressive), Alice Robinson (Chief Actuary; ex-Lemonade, Metromile, Esurance), Chad Mirock (Senior Director, Product & Insurance Strategy; ex-Country Financial, The Hartford, Travelers), and Eric Lemieur (Head of Sales & Distribution; ex-Farmers, Foremost).

Name

Homeowners of America Holding

Legal name

Homeowners of America Insurance Company

Website

https://hoaic.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Homeowners of America Insurance Company is a U.S. property and casualty carrier underwriting residential property insurance (homeowners, condo, landlord/dwelling fire, flood) for individual policyholders, distributed exclusively through independent insurance agents across 22 states.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industry

Condominium (HO-6) Insurance (FSAJACAC)

Keywords

• Homeowners insurance
• Property casualty insurance
• Independent agent distribution
• Dwelling fire coverage
• Condo insurance

Headquarters

HQ city

Irving

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: HOAIC underwrites property and casualty insurance policies including homeowners, condo, landlord/dwelling fire, and flood insurance. Revenue is generated through collected insurance premiums from policyholders. The company operates as a wholly owned subsidiary of Porch Insurance Reciprocal Exchange following the January 2025 sale transaction.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Homeowners of America Insurance Company (HOAIC) is a property and casualty insurance carrier that underwrites and distributes residential insurance products—homeowners, condo, landlord/dwelling fire, and flood coverage—exclusively through a network of independent insurance agents operating across 22 U.S. states. The carrier supplements its core policies with optional endorsements for equipment breakdown, inland flood, replacement-cost contents, jewelry limits, refrigerated property, pet coverage, service line, and mortgage extra expense, and supports agents through its PTS 6.0 rating platform and integrations with major comparative raters.

Product overview

Homeowners of America Insurance Company (HOAIC) is a property and casualty insurance carrier offering a focused portfolio of residential insurance products distributed exclusively through independent agent partners. The core product lineup consists of four primary insurance products: Homeowners Insurance, Condo Insurance, Landlord/Dwelling Fire Insurance, and Flood Insurance (offered through Wright Flood partnership). These core products are supplemented by eight optional endorsement add-ons including Equipment Breakdown, Inland Flood, Replacement Cost on Personal Property, Increased Limit on Jewelry/Watches, Refrigerated Personal Property, Pet Coverage, Service Line Coverage, and Mortgage Extra Expense. The company operates in 22 states and has an A (Exceptional) financial strength rating from Demotech. Products are distributed exclusively through independent insurance agents using the company's PTS 6.0 rating platform and various comparative raters.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Standard homeowners insurance policy covering dwelling, other structures, personal property, loss of use, liability, and medical payments for damage to the physical structure and contents of a home; for individual U.S. homeowners purchasing through independent insurance agents.
• Condo Insurance Condominium insurance covering property damage to personal possessions, interior alterations, loss of use, liability, and medical payments for condo or townhome owners; distributed through independent insurance agents.
• Landlord / Dwelling Fire Insurance Landlord insurance (dwelling fire) designed for rental properties, covering dwelling, other structures, loss of rents/fair rental value, and liability for property owners renting their investment properties; sold through independent agents.
• Flood Insurance Flood coverage offered through Wright Flood (one of the nation's top flood insurance providers), backed by FEMA and insured through the National Flood Insurance Program (NFIP); covers flood damage not typically included in standard homeowners policies, with a dedicated Regional Sales Manager supporting agent enrollment.

Quantifiable outcome

• 24/7 claims availability
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Wright FloodcoreChannel Partner/ Reseller/ DistributorHOAIC offers flood coverage through Wright Flood, one of the nation's top insurance providers and the nation's largest flood insurance provider. Wright Flood policies are backed by FEMA and insured through the National Flood Insurance Program (NFIP). Flood enrollment is available in conjunction with Wright Flood, with a dedicated Regional Sales Manager (Audrey Glisson) for agent support.
• MunichRecoreTechnology or IntegrationHOAIC offers Inland Flood endorsement in partnership with MunichRe, providing up to $50,000 in coverage with a $500 deductible for residents in low-to-moderate flood risk areas. Coverage includes the residence, other structures, personal property, debris removal, and additional living expense.
• Travelers BoilerRecoreTechnology or IntegrationHOAIC offers Equipment Breakdown endorsement in partnership with Travelers BoilerRe, providing coverage up to $100,000 for equipment breakdown losses including spoilage coverage of up to $10,000 for loss of goods due to equipment breakdown. A deductible applies.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Heritage Insurance Holdings: Heritage is a regional personal property insurance carrier focusing on homeowners in catastrophe-exposed states. Like HOAIC, it sells through independent agents, maintains an A-rated financial stability profile, and has expanded its geographic footprint through multi-state licensing.
• HCI Group: HCI Group (through Homeowners Choice) is a Florida-anchored personal lines insurance holding company specializing in homeowners insurance distributed through independent agents — directly comparable to HOAIC's regional P&C carrier model and product mix.
• Kin Insurance: Kin is a direct-to-consumer and agent-distributed homeowners insurance carrier focused on catastrophe-prone states. Like HOAIC, it is a regional P&C carrier using proprietary data-driven underwriting to compete against national incumbents in the personal lines market.
• Lemonade: Lemonade is a digital-first insurance carrier offering homeowners (and renters) coverage with proprietary AI-driven underwriting. HOAIC's Chief Actuary came from Lemonade, and both compete in personal lines homeowners, though Lemonade's distribution is predominantly direct rather than agent-based.
• Universal Insurance Holdings: Universal Insurance Holdings (UVE) is a publicly-traded personal lines holding company underwriting homeowners insurance primarily in catastrophe-exposed states. Operates as a regional P&C carrier similar in scale and product focus to HOAIC.
• Hippo Insurance: Hippo is a homeowners-focused InsurTech carrier selling through independent agents and direct channels. Comparable to HOAIC in core product focus (homeowners with endorsements/bundles) and in leveraging data-driven underwriting for risk selection.
• Tower Hill Insurance Group: Tower Hill is a regional mutual insurance group writing homeowners policies in the Southeast through independent agents. Similar to HOAIC in geographic concentration, product focus, and exclusive reliance on independent agent distribution.

Broad incumbents

• Allstate: Allstate is a national P&C incumbent with a large homeowners book sold through exclusive and independent agents. HOAIC's President and Head of Insurance Operations both came from Allstate; Allstate represents the kind of national-scale competitor HOAIC is positioning against in the regional/independent-agent segment.
• Travelers: Travelers is a national P&C carrier with significant personal lines homeowners exposure and a strong independent agent channel. HOAIC's equipment breakdown endorsement is underwritten by a Travelers affiliate (Travelers BoilerRe), and several HOAIC executives came from Travelers — making it both a partnership and direct competitor.

Emerging players

• Slide Insurance: Slide Insurance is a Florida-based homeowners-focused carrier using data-driven underwriting and independent agent distribution. Comparable to HOAIC as a regional carrier emphasizing proprietary analytics and agent-channel growth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@HomeownersofAmerica/videos
• LinkedInlinkedin.com/company/hoaic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Homeowners of America Holding