---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-004154"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:04:33.380670+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Porch Group files application to form reciprocal insurance exchange in Texas

## Summary
- Homeowners of America filed application with Texas Department of Insurance to form a reciprocal exchange.
- If approved, all insurance underwriting would be conducted exclusively through the Reciprocal.
- Reciprocal owned by policyholders; Porch subsidiary to manage operations for ongoing fees.
- Approval not expected before Q3 2023; subject to regulatory and company review.
- Long-term strategy to reduce earnings volatility from insurance claims and weather events.

## SEC filing metadata
- accession: 0001558370-23-004154
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000155837023004154/0001558370-23-004154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000155837023004154/prch-20230320x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-004154
- JSON: https://secwatch.observer/filing/0001558370-23-004154.json
- Plain text: https://secwatch.observer/filing/0001558370-23-004154.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.