{"schema_version":"secwatch.filing_event.v1","accession":"0001784535-26-000054","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2026-10-13T21:00:39+00:00","discovered_at":"2026-10-13T21:02:00.288078+00:00","generated_at":"2026-10-13T21:02:10.250174+00:00","sec_items":["3.02","1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Porch Group to acquire Allied Trust for $200M; adds ~$200M reciprocal premium, $25M EBITDA","bullets":["Total consideration $200M: Reciprocal pays $105M for Allied Trust Insurance Company ($55M at close + $50M deferred over 12 months); HOA Holdco pays $95M for MGA and captive reinsurer.","Expected to add ~$200M Reciprocal Written Premium and ~$25M Adjusted EBITDA (Excluding Reciprocal) in first full year; acquisition multiple under 4x.","Adds Louisiana (new state, ~half of Allied Trust's 2025 premiums) plus Texas, South Carolina, North Carolina operations; closes in Q1 2027.","Closing subject to Texas Department of Insurance approval; no earlier than Jan 1, 2027; termination date April 1, 2027; $20M R&W insurance policy.","Assuming Jan 1, 2027 close, Porch targets 2027 RWP >$900M, Reciprocal Policies Written >360k, Adjusted EBITDA (Excluding Reciprocal) >$180M."],"urls":{"canonical":"https://secwatch.observer/filing/0001784535-26-000054","json":"https://secwatch.observer/filing/0001784535-26-000054.json","markdown":"https://secwatch.observer/filing/0001784535-26-000054.md","text":"https://secwatch.observer/filing/0001784535-26-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000054/0001784535-26-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000054/prch-20261013.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T21:02:10.250174+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"}