{"schema_version":"secwatch.filing_event.v1","accession":"0001784535-24-000113","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2024-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.513609+00:00","generated_at":"2026-05-31T12:24:25.484758+00:00","sec_items":["2.02","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Porch Group files reciprocal exchange, contributes 18.3M shares; Q2 rev $110.8M (+12%), loss narrows to $64.3M","bullets":["Filed updated application with Texas Department of Insurance to form a reciprocal exchange; if approved, HOA would be sold to Reciprocal.","Contributed 18.3M newly issued common shares (18.3% of outstanding) to HOA to bolster surplus and support premium growth.","Q2 total revenue $110.8M, up 12% YoY; Insurance segment revenue $78.3M (+22%), Vertical Software $32.6M (-5%).","GAAP net loss $64.3M, improved from $87.0M in Q2 2023; Adjusted EBITDA loss $34.8M, improved from $43.1M.","Insurance attritional loss ratio improved to 21% from 35%; gross combined ratio improved to 124% from 180% despite Houston wind event."],"urls":{"canonical":"https://secwatch.observer/filing/0001784535-24-000113","json":"https://secwatch.observer/filing/0001784535-24-000113.json","markdown":"https://secwatch.observer/filing/0001784535-24-000113.md","text":"https://secwatch.observer/filing/0001784535-24-000113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000178453524000113/0001784535-24-000113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000178453524000113/prch-20240731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T12:24:25.484758+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}