afternoon, Thanks, Good Matt. everyone.
provide profitability second in claims we into outperformed the Attritional with Before actions quarter and second being broadly testament pleased on year. X high-level our previously, line our the to get performance is ratio expectations. the some portfolio. the the the our around the related pieces: detail, loss in thoughts we product, improved we're and discussed with This Overall, quarter. a I'll expectations price over prior insurance financial
are these these. things noted, the control, against team the we Matt can executed As well and
profitability in I'll by execute strategy the increasing for more diligent we customers price. increases quarter. May new while importantly, This And was our details give by control. our to on [indiscernible] as software we we functionality offset remain shortly. that our in our driven the out Houston roll with cost In improvements business, saw price volatility strong
was XX%, revenue lower-margin million of cost less was driven margin look. Now $XX.X the million points which with insurance of prior of increased less XXX the basis Revenue XX%. in quarter vertical XXXX, Revenue software margin offsetting of a Overall, cost a approximately year. of growth consistent with XX% a revenue revenue the segment. to the our by XX% $XXX.X revenue year, closer take in segment, prior let's second over the grew Insurance increase
the Adjusted segments an to over EBITDA with prior year, loss was $XX.X million improvement. improvement $X.X million, all the contributing
see As adjusted lowest of the on QX our the EBITDA seasonality claims. we business, weather-related for a year insurance reminder, the given typically is when
to decrease written from completed Gross quarter, a higher million, basis as Similarly, we our Matthew and risk nonrenewal revenue over contractor $XXX continue year. KPIs, such percent a controlling technology were year and focused of a discuss which on by policies. and profitability decreased of this second percent also marketing the fees was G&A The expenses In reducing on prior premium points prior We and impacting nonrenewals as as costs. insurance revenue. of expenses audit will sales operating shortly. quarter, focus product and decreased as XXX the the and
segment QX increase than decrease The in second in premium our XXXX. XX% by sale the an the Insurance the second lower XX% which EIG. the XX% quarter, quarter and in increase over was Revenue reinsurance driven seating, total prior nonrenewals was insurance from the of XX% insurance to was million, due agency, year. more policy our force policies $XX.X per a of increase This in in-house segment and legacy the revenue of from in offset
increased year. $XX.X segment and over and and X% Software Within software by X% the a driven by in that, Vertical increases services decrease was year, offset revenue businesses the inspection the prior overall the Rynoh price of subscription prior business. was over moving million,
our to claims insurance Shifting in costs segment.
revenue the of other the catastrophic cost $XX attritional performed attritional than between In anticipated. and down claims and quarter, break million weather we terms. second costs Here, better
our Additionally, we also performed anticipated. catastrophic seasonal than things typical better weather
quarter, drove reinsurance. In million event cost [indiscernible] Houston the May $XX of net revenue, the of in approximately second
XX-year and never categorized had So X- event, being something in a as the of experienced history, XX-year point like HOA's this. it
was the this with largely areas the this So wind unfortunately event of control. our offset against one within execution years where was occurred, while strong this
XXXX. over businesses $X.X adjusted software million, to EBITDA the EBITDA an $XX.X prior segment of adjusted improvement subscription vertical million, $X the over driven of increased Moving in $X.X the million EBITDA at Client by adjusted quarter. prior $XX.X XX% EBITDA segment. second the quarter margin to XX% year, insurance in million services was The adjusted in cost increases vertical our Rynoh control. million in EBITDA The strong price adjusted loss was by the and The and Overall in remained year. improvement loss software quarter. a second was retention software
over or improvement revenue, cost with Corporate expenses a XXX of the million point were prior basis year $XX.X total XX% control. strong
from $XX million, the a XX% at performance million, Stepping quarter, Year-to-date, of in back by $XX half of EBITDA Adjusted half take revenue driven first improvement a XXXX. million XXXX look increase the the the year. our was over year, let's $XXX we've the delivered prior prior the in a insurance. loss first over of
million segment Insurance prior an million, $XX $X the was adjusted loss improvement Our year. EBITDA over
million EBITDA was increases improvement by also adjusted $X control. million, other segment Software over Corporate expenses $X and the cost driven price prior a year-over-year. decreased Vertical and year Our
was outflow cash first $XX for the million of Operating quarter the and XXXX, second of half million XXXX. in $XX
investments, in million Porch and As the equivalents of in million, June cash, line had $XXX with prior $XXX $XXX quarter. of XX, and broadly million the we cash HOA, excluding held
for warranty Additionally, million surplus HOA. and of cash and million $XX businesses, primarily restricted cash Porch a Group equivalents, held note and from $XX captive our
per And are not $XX discount HOA party, surplus subsidiary applied HOA a shares accounting when a contributed are is third owned shares our average therefore, books. financial a outstanding Porch earnings into by XX these XX million approximately our to shares in at are from the shares insurance statements. by the number They approximately June shares. owned our calculating Since weighted eliminated Porch per wholly accounted This excluded and consolidated into held million. -- was are HOA, for which shares, are treasury Group of share. the as includes Group
for to updating full on Moving profit our outlook guidance. we are our metrics. XXXX Today, year
Our updated profit primarily X guidance is by items. driven
our business, and has can mentioned, underwriting performance catastrophic price attritional our related the and outside our strong range events, increases I performance expectations as included in saw First, losses cost a in in QX, the offset fall catastrophic guidance. we in X strong which business Insurance things been weather against control. for typical control, including we of Software This by weather original our
May The first in was the Houston QX. $XX million [indiscernible]
The expect to Hurricane made which second claims event, another Houston have we million July, weather in landfall revenue, that QX. in first costs reinsurance through week net Barrel, of the is in of in $XX
We million to growth X%. to of are $XXX reiterating of year revenue million, X% full XXXX with $XXX
in out last noted front-end XXXX. be I of tough those reinsurance best immediately QX. called fraud X QX the revenue we revenue in lower million impact with As QX this quarter, discovery. growth higher to Last And had as the reinsurance there, of of as in seating expect a reminder comp XXXX, $XX a we weighted we in year, post
of incorporates $XXX $XXX included items are I've to and of Again, any historic We guidance million the events range. trends revenue expect affect in exceeding not mentioned. would less negatively incremental which revenue million, the our cost CAC
previous adjusted of EBITDA million, expect million from decline $XX.X is to we a EBITDA $XX our million guidance. adjusted of which loss $XX this the the I've At Overall, mentioned. midpoint, items incorporates
outperformed this related to what This events. additional has normalized of been weather Given to X expected that would produce. million highlights of results our the and the $XX have control now degree our which costs we includes business
half indicates guidance be the XXXX, adjusted that of second XXXX more of we $XX EBITDA than hurricane profitable the despite half million still expected Barrel. This to produced second positive in our is of
$XXX million our we what I will of your lost you target all probable, profitable And Thank to and is today. can I'll And full control. sight over are we to maximizing we most cover finally, that, to KPIs. expect hand for written working note, Matthew $XXX to gross we of year premiums guiding now million. towards not what are time have Although on our efforts
