---
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"
generated_at: "2026-05-31T12:24:25.484758+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Porch Group files reciprocal exchange, contributes 18.3M shares; Q2 rev $110.8M (+12%), loss narrows to $64.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000113
- JSON: https://secwatch.observer/filing/0001784535-24-000113.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000113.txt

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