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

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Restricted Cash and Cash Equivalents

The following table provides the components of restricted cash and cash equivalents on the unaudited Condensed Consolidated Balance Sheets:

		March 31, 2025		December 31, 2024
Held as collateral by captive reinsurer for benefit of the Reciprocal	(1)	$	9,324	$	20,608
Pledged to state departments of insurance	(2)	—		895
Held for payment of possible warranty claims	(3)	6,889		6,636
Other		1,000		1,000
Restricted cash and cash equivalents		$	17,213	$	29,139
Restricted cash and cash equivalents of the Reciprocal:
Pledged to state departments of insurance	(2)	$	1,005	$	—
Restricted cash and cash equivalents		$	18,218	$	29,139

______________________________________

(1)Held by our captive reinsurance business as collateral for the benefit of the Reciprocal.

(2)Pledged to the Department of Insurance in certain states as a condition of our Certificate of Authority for the purpose of meeting obligations to policyholders and creditors.

(3)Required under regulatory guidelines in 23 states and 23 states as of March 31, 2025 and December 31, 2024, respectively.

Schedule of Cash, Cash Equivalents and Restricted Cash

The reconciliation of cash, cash equivalents, and restricted cash and cash equivalents to amounts presented in the unaudited Condensed Consolidated Statements of Cash Flows are as follows:

		March 31, 2025		December 31, 2024
Cash and cash equivalents of Porch	(1)	$	65,899	$	167,643
Restricted cash and cash equivalents of Porch		17,213		29,139
Cash and cash equivalents of the Reciprocal		81,890		—
Restricted cash and cash equivalents of the Reciprocal		1,005		—
Total cash, cash equivalents, and restricted cash and cash equivalents		$	166,007	$	196,782

______________________________________

(1)Balance as of December 31, 2024, includes $111.1 million cash and cash equivalents at HOA.

Schedule of Components of Other Insurance Liabilities, Current

The following table details the components of other insurance liabilities, current, on the unaudited Condensed Consolidated Balance Sheets. Other insurance liabilities were held by the Reciprocal as of March 31, 2025.

	March 31, 2025		December 31, 2024
Ceded reinsurance premiums payable	$	9,922	$	17,141
Commissions payable, reinsurers and agents	7,832		7,264
Advance premiums	8,783		8,865
Funds held under reinsurance treaty	4,926		5,284
General and accrued expenses payable	237		586
Other insurance liabilities, current	$	31,700	$	39,140