HIGHOutside partyCounterparty
Porch Reciprocal Exchange
“10-K Item 1A: 'Porch Shareholder Interests are, in large part, tied to the growth and financial condition of the Reciprocal.'”
PRCH · Concentration risk · 10-K extracted
Porch Group (PRCH) concentration risks
Updated
The most significant concentration Porch Group discloses is Porch Reciprocal Exchange, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Porch Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Porch Group's central disclosed concentration is a single counterparty dependency tied to its reciprocal exchange structure: the company states that Porch Shareholder Interests are, in large part, tied to the growth and financial condition of the Reciprocal — Porch Reciprocal Exchange. No percentage or additional quantification is provided in the source, but the framing itself signals a high-share dependency, since the value of Porch's shareholder interests is described as substantially linked to how well this single counterparty performs and grows. This is a dependency risk rather than a structural, business-mix, or geographic one: it reflects reliance on the performance of a specific external entity rather than a diversified base of customers or markets. For an investor, this concentration is significant because it means Porch's financial outcomes are not solely a function of its own operating performance — the Reciprocal's growth trajectory and financial health act as a direct pass-through to the value of the shareholder interests Porch holds, making this single relationship a key variable to track alongside Porch's own operating metrics.
For the engine’s reasoning on PRCH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Insurance - Property & Casualty
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASIC | Ategrity Specialty Insurance Co | 2 | 1 | 1 | 4 |
| AIZ | Assurant, Inc. | 1 | 2 | 0 | 3 |
| ALL | Allstate Corporation (The) | 1 | 0 | 0 | 1 |
| PRCH● | Porch Group, Inc. | 1 | 0 | 0 | 1 |
| AFG | American Financial Group, Inc. | 0 | 0 | 2 | 2 |
| ACIC | American Coastal Insurance Corp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.