---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-24-000137"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:43:06.789402+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Porch Group reports Q3 GAAP net income $14.4M; Reciprocal Exchange approved

## Summary
- Total revenue $111.2M (down 14% YoY due to prior year Vesttoo benefit); GAAP net income $14.4M vs loss $5.7M.
- Adjusted EBITDA $16.9M, up $8.1M YoY; Insurance attritional loss ratio improved to 21% from 32%.
- Texas Department of Insurance approved Reciprocal Exchange formation; CEO calls it key milestone for higher margin, predictable insurance profile.
- Repurchased $43M aggregate principal of 2026 unsecured notes for $20M cash; cash and investments $404.5M.

## SEC filing metadata
- accession: 0001784535-24-000137
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000137/0001784535-24-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000137/prch-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000137
- JSON: https://secwatch.observer/filing/0001784535-24-000137.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000137.txt

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