Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Description of Business and Summary of Significant Accounting Policies

Schedule of cash, cash equivalents and restricted cash

	December 31, 2021		December 31, 2020
Cash and cash equivalents	$	315,741	$	196,046
Restricted cash and restricted cash equivalents - current		8,551		11,407
Restricted cash and restricted cash equivalents - non-current		500		—
Cash, cash equivalents and restricted cash	$	324,792	$	207,453

Schedule of investments pledged to the Department of Insurance

	December 31, 2021
Certificates of deposit	$	2,164
U.S. Treasury notes		1,276
	$	3,440

Schedule of changes in DAC

Changes in DAC for the period since the acquisition date of April 5, 2021 are as follows:

	2021
Deferred policy acquisition costs balance at April 5	$	—
Capitalized costs		51,795
Amortized costs		(18,781)
Deferred policy acquisition costs at December 31, 2021 (gross)		33,014
Ceded deferred policy acquisition costs		(29,026)
Deferred policy acquisition costs at December 31, 2021 (net)	$	3,988

Schedule of property plant and equipment useful lives

	Estimated Useful Lives
Software and computer equipment	3 years
Furniture, office equipment and other	3 – 5 years
Internally developed software	2 years
Leasehold improvements	Shorter of useful life or remaining lease term

Schedule of components of other insurance liabilities, current

	December 31, 2021
Ceded reinsurance premiums payable	$	22,523
Funds held under reinsurance treaty		2,206
Commissions payable, reinsurers and agents		10,697
General and accrued expenses payable		321
Advance premiums		4,277
Other insurance liabilities, current	$	40,024

Schedule of components of other income (expense), net

	Year Ended December 31,
	2021		2020		2019
Loss on remeasurement of debt	$	—	$	(895)	$	(6,159)
Loss on remeasurement of Legacy Porch warrants		—		(2,584)		(2,090)
Transaction costs - recapitalization		—		(3,974)		—
Gain on settlement of accounts payable		175		796		735
Other, net		165		(274)		30
	$	340	$	(6,931)	$	(7,484)