---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-23-000034"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:43:50.174475+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Porch Group invests $57M in HOA insurance carrier; receives $49M surplus note and Vesttoo claim rights

## Summary
- Porch invested $57M cash in HOA, receiving a $49M surplus note and HOA's rights to claims stemming from Vesttoo fraud.
- HOA remains under Texas Department of Insurance supervision; Demotech withdrew its financial stability rating.
- Porch holds $358M unrestricted cash and investments; $192M at HOA as of June 30, 2023.
- Company appointed to Vesttoo unsecured creditors committee, intends to pursue recovery.
- HOA continues actions on premiums, price increases, and non-renewal of high-risk policies.

## SEC filing metadata
- accession: 0001784535-23-000034
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000034/0001784535-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000034/prch-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-23-000034
- JSON: https://secwatch.observer/filing/0001784535-23-000034.json
- Plain text: https://secwatch.observer/filing/0001784535-23-000034.txt

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