---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-24-000006"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:25:12.947001+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Porch Group signs strategic agreement with Aon; receives $25M upfront

## Summary
- Porch Group entered a Business Collaboration Agreement with Aon Corp. and Aon Re, Inc., effective through 2028.
- Aon will pay Porch $24.65M cash in January 2024 plus additional payment in 2025; expected total ~$30M in upfront and future payments.
- Parties released claims related to Vesttoo fraud; Porch retains ability to pursue non-Aon parties.
- Aon will place reinsurance for Porch’s insurance carrier affiliates from 2025–2028 and share brokerage revenue.
- Porch may need to refund certain amounts if it breaches exclusivity provisions.

## SEC filing metadata
- accession: 0001784535-24-000006
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000006/0001784535-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000006/prch-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000006
- JSON: https://secwatch.observer/filing/0001784535-24-000006.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000006.txt

## Key facts
- Material Agreements
  Porch Group, Inc. entered into Business Collaboration Agreement with Aon Corp. and Aon Re, Inc. valued at $24.65 million (effective 2024-01-19).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Aon Corp. and Aon Re, Inc.
  - Value: $24.65 million
  - Effective: 2024-01-19
  source text: On, January 19, 2024, Porch Group, Inc., together with its subsidiary, Porch.com, Inc. (collectively, “ Porch ”), entered into a Business Collaboration Agreement (the “ Agreement ”) with Aon Corp. and Aon Re, Inc. (“ Aon Re ” and together with Aon Corp., “ Aon ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000006/0001784535-24-000006-index.htm

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