Porch Group subsidiary buys 2.1M shares from Reciprocal for $15M to boost statutory surplus

Porch Group, Inc.

Porticus Reinsurance purchased 2,092,050 Porch shares from the Reciprocal at $7.17/share ($15M total).
Statutory surplus at Reciprocal was ~$165M as of March 31, 2026, supporting over $800M in written premiums.
Reciprocal continues to hold ~16.2M Porch shares; transaction converts non-admitted assets to cash.
Required approvals received from Texas Department of Insurance and Cayman Islands Monetary Authority.
Transaction separate from open-market repurchases; Porticus permitted under 2028 convertible notes indenture.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Porch Group, Inc. issued 2,092,050 shares of common stock to Porticus Reinsurance Ltd. for aggregate purchase price of $14,999,998.50.

Security: common stock
Shares: 2,092,050 shares
Purchaser: Porticus Reinsurance Ltd.
Consideration: aggregate purchase price of $14,999,998.50

Exact text from the filing

On the Effective Date, the Reciprocal sold Porticus 2,092,050 shares (the “Shares”) of the Company’s common stock for an aggregate purchase price of $14,999,998.50.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Porch Group, Inc. entered into Securities Purchase Agreement with Porch Reciprocal Exchange valued at 2,092,050 shares for $14,999,998.50 (effective 2026-06-10).

Action: entry
Agreement: equity purchase
Counterparty: Porch Reciprocal Exchange
Value: 2,092,050 shares for $14,999,998.50
Effective: 2026-06-10

Exact text from the filing

On June 10, 2026 (the “Effective Date”), Porticus Reinsurance Ltd. (“Porticus”), a Cayman Islands captive reinsurance company and subsidiary of Porch Group, Inc. (the “Company” or “Porch”), entered into a Securities Purchase Agreement (the “SPA”) with the Porch Reciprocal Exchange, a Texas unincorporated reciprocal inter-insurance exchange (the “Reciprocal”).

View on SEC.gov

226 equity issuances filed in the last 30 days. Browse all equity issuances →

Porch Group, Inc. filing history →

Source: SEC EDGAR

accession 0001784535-26-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.