{"schema_version":"secwatch.filing_event.v1","accession":"0001784535-24-000130","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2024-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.613418+00:00","generated_at":"2026-05-30T09:46:52.432848+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Texas DOI approves Porch reciprocal exchange; key step to reduce direct insurance risk, improve profitability","bullets":["TDI approved Porch Insurance Reciprocal Exchange; Porch to contribute $10M cash for surplus note to capitalize the Reciprocal.","Porch will sell HOAIC to Reciprocal around Jan 1, 2025; receives surplus note equal to HOAIC surplus less existing $49M note.","As operator, Porch (via PRMS) will earn commissions and fees at ~20% take rate of Reciprocal's gross written premium.","PIRE will manage to appropriate risk based capital; no impact on 2024 financials expected.","Further details at Q3 2024 earnings on Nov 7 and investor day in early Dec 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001784535-24-000130","json":"https://secwatch.observer/filing/0001784535-24-000130.json","markdown":"https://secwatch.observer/filing/0001784535-24-000130.md","text":"https://secwatch.observer/filing/0001784535-24-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000178453524000130/0001784535-24-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000178453524000130/prch-20241025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:46:52.432848+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"}