2025 Q1 Form 10-K Financial Statement

#000178453525000011 Filed on February 25, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4 2024
Revenue $437.8M
YoY Change 1.75%
Cost Of Revenue $225.6M
YoY Change 2.44%
Gross Profit $212.2M
YoY Change 1.03%
Gross Profit Margin 48.47%
Selling, General & Admin $221.3M
YoY Change -10.59%
% of Gross Profit 104.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.52M
YoY Change 4.53%
% of Gross Profit 12.03%
Operating Expenses $221.3M
YoY Change -10.59%
Operating Profit -$64.57M
YoY Change -66.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $33.86M
YoY Change -40.64%
Pretax Income -$30.71M
YoY Change -76.96%
Income Tax $2.117M
% Of Pretax Income
Net Earnings -$32.83M
YoY Change -75.49%
Net Earnings / Revenue -7.5%
Basic Earnings Per Share -$0.33
Diluted Earnings Per Share -$0.33
COMMON SHARES
Basic Shares Outstanding 120.1M shares 119.5M shares 99.59M shares
Diluted Shares Outstanding 99.59M shares

Balance Sheet

Concept 2025 Q1 2024 Q4 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $167.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $19.11M
Other Receivables
Total Short-Term Assets $365.1M
YoY Change -24.1%
LONG-TERM ASSETS
Property, Plant & Equipment $22.54M
YoY Change 33.69%
Goodwill $191.9M
YoY Change 0.0%
Intangibles $68.75M
YoY Change -21.18%
Long-Term Investments
YoY Change
Other Assets $6.994M
YoY Change 31.61%
Total Long-Term Assets $448.8M
YoY Change 7.3%
TOTAL ASSETS
Total Short-Term Assets $365.1M
Total Long-Term Assets $448.8M
Total Assets $814.0M
YoY Change -9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.538M
YoY Change -48.2%
Accrued Expenses
YoY Change
Deferred Revenue $248.7M
YoY Change -0.01%
Short-Term Debt
YoY Change
Long-Term Debt Due $150.0K
YoY Change -38.52%
Total Short-Term Liabilities $414.2M
YoY Change -10.39%
LONG-TERM LIABILITIES
Long-Term Debt $403.8M
YoY Change -7.28%
Other Long-Term Liabilities $39.25M
YoY Change 4.86%
Total Long-Term Liabilities $443.0M
YoY Change -6.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $414.2M
Total Long-Term Liabilities $443.0M
Total Liabilities $857.2M
YoY Change -8.33%
SHAREHOLDERS EQUITY
Retained Earnings -$754.9M
YoY Change 4.54%
Common Stock $10.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$43.23M
YoY Change
Total Liabilities & Shareholders Equity $814.0M
YoY Change -9.5%

Cashflow Statement

Concept 2025 Q1 2024 Q4 2024
OPERATING ACTIVITIES
Net Income -$32.83M
YoY Change -75.49%
Depreciation, Depletion And Amortization $25.52M
YoY Change 4.53%
Cash From Operating Activities -$31.68M
YoY Change -193.38%
INVESTING ACTIVITIES
Capital Expenditures $523.0K
YoY Change -38.54%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities
YoY Change
Cash From Investing Activities -$45.06M
YoY Change -19.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$23.71M
YoY Change -126.07%
NET CHANGE
Cash From Operating Activities -$31.68M
Cash From Investing Activities -$45.06M
Cash From Financing Activities -$23.71M
Net Change In Cash -$100.5M
YoY Change -246.37%
FREE CASH FLOW
Cash From Operating Activities -$31.68M
Capital Expenditures $523.0K
Free Cash Flow -$32.21M
YoY Change -197.36%

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CY2023 prch Change In Fair Value Of Earnout Liability
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CY2024 prch Change In Fair Value Of Private Warrant Liability
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CY2023 prch Change In Fair Value Of Private Warrant Liability
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CY2023 prch Investment Income And Realized Gains
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2024 us-gaap Nonoperating Income Expense
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2023 prch Stock Cancelled During Period Value
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CY2024 us-gaap Net Income Loss
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CY2024 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2024 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2024 us-gaap Goodwill And Intangible Asset Impairment
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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GainsLossesOnExtinguishmentOfDebt
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CY2024 us-gaap Fair Value Adjustment Of Warrants
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CY2023 us-gaap Fair Value Adjustment Of Warrants
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CY2024 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
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CY2023 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
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CY2024 prch Change In Fair Value Of Earnout Liability And Derivatives
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CY2023 prch Change In Fair Value Of Earnout Liability And Derivatives
ChangeInFairValueOfEarnoutLiabilityAndDerivatives
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ChangeInFairValueOfEarnoutLiabilityAndDerivatives
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CY2024 us-gaap Share Based Compensation
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CY2024 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2024 us-gaap Other Operating Activities Cash Flow Statement
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CY2023 us-gaap Other Operating Activities Cash Flow Statement
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Insurance Settlements Receivable
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CY2022 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2023 prch Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
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CY2022 prch Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
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CY2024 us-gaap Increase Decrease In Deferred Revenue
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CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
66254000 usd
CY2022 prch Increase Decrease In Refundable Customer Deposits
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments For Software
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CY2023 us-gaap Payments To Acquire Investments
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CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2024 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2023 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2022 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
21906000 usd
CY2024 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
10870000 usd
CY2023 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
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CY2022 us-gaap Proceeds From Divestiture Of Businesses
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CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2024 prch Proceeds From Advance Funding
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CY2023 prch Proceeds From Advance Funding
ProceedsFromAdvanceFunding
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CY2022 prch Proceeds From Advance Funding
ProceedsFromAdvanceFunding
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CY2024 prch Repayments Of Advance Funding
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CY2023 prch Repayments Of Advance Funding
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CY2022 prch Repayments Of Advance Funding
RepaymentsOfAdvanceFunding
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CY2024 us-gaap Proceeds From Issuance Of Debt
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ProceedsFromIssuanceOfDebt
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CY2024 us-gaap Repayments Of Debt
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CY2023 us-gaap Repayments Of Debt
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CY2023 us-gaap Payments Of Debt Issuance Costs
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CY2024 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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ProceedsFromPaymentsForOtherFinancingActivities
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90951000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1227000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-100450000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
68627000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196782000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297232000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228605000 usd
CY2024 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
12252000 usd
CY2024 prch Noncash Or Part Noncash Acquisition Reduction In Advance Funding
NoncashOrPartNoncashAcquisitionReductionInAdvanceFunding
94000 usd
CY2023 prch Noncash Or Part Noncash Acquisition Reduction In Advance Funding
NoncashOrPartNoncashAcquisitionReductionInAdvanceFunding
11763000 usd
CY2022 prch Noncash Or Part Noncash Acquisition Reduction In Advance Funding
NoncashOrPartNoncashAcquisitionReductionInAdvanceFunding
0 usd
CY2024 prch Share Repurchases Included In Accrued Expenses And Other Current Liabilities
ShareRepurchasesIncludedInAccruedExpensesAndOtherCurrentLiabilities
0 usd
CY2023 prch Share Repurchases Included In Accrued Expenses And Other Current Liabilities
ShareRepurchasesIncludedInAccruedExpensesAndOtherCurrentLiabilities
0 usd
CY2022 prch Share Repurchases Included In Accrued Expenses And Other Current Liabilities
ShareRepurchasesIncludedInAccruedExpensesAndOtherCurrentLiabilities
2539000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
23763000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
12212000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
3512000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
621000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2287000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-674000 usd
CY2024Q4 prch Number Of Companies Service Provided
NumberOfCompaniesServiceProvided
29000 company
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:9pt"><span id="ibf75c940c1b242dcb279cf94f589a314"></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Correction of an Immaterial Error</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the fourth quarter of 2024, we recorded an out-of-period adjustment related to prior periods reflecting a $4.9 million decrease to revenue. This decrease to revenue relates to our 2023 quota share program (see Note 14, Reinsurance,) for which settlement was finalized in the fourth quarter of 2024. The adjustment included $3.8 million that related to 2023. Based on our quantitative and qualitative analysis, we do not consider the out-of-period impact to be material to our financial position or results of operations for any prior periods or for the year ended December 31, 2024.</span></div>
CY2023 prch Reinsurance Adjustment To Decrease Revenue Amount
ReinsuranceAdjustmentToDecreaseRevenueAmount
3800000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span id="i0137b6f8eda846419e44477c5f51d1ad"></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported of certain assets and liabilities, disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results may differ from those estimates and assumptions.</span></div>
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:9pt"><span id="i3b1f3f77b3954d658bddf687dfd9640b"></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially subject us to credit risk consist principally of cash, money market accounts on deposit with financial institutions, money market funds, certificates of deposit, fixed-maturity securities, and receivable balances in the course of collection.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our insurance carrier subsidiary has exposure and remains liable in the event of insolvency of its reinsurers. Management and its reinsurance intermediary regularly assess the credit quality and ratings of its reinsurer counterparties. For the year ended December 31, 2024, two reinsurers represented more than 10% individually, and 59% in the aggregate, of our total reinsurance balance due. For the year ended December 31, 2023, four reinsurers represented more than 10% individually, and 57% in the aggregate, of our total reinsurance balance due. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Substantially all of our revenues in the Insurance segment are derived from customers in Texas (which represent approximately 70%, 64% and 52% of Insurance segment revenues in the years ended December 31, 2024, 2023 and 2022, respectively), South Carolina (which represent approximately 9%, 11%, and 10% of Insurance revenues in the years ended December 31, 2024, 2023 and 2022, respectively), North Carolina, Georgia, Virginia, Arizona, and Illinois which could be adversely affected by economic conditions, an increase in competition, local weather events, or environmental impacts and changes.</span></div>
CY2024 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
186800000 usd
CY2024 prch Number Of Banks
NumberOfBanks
5 bank
CY2023 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
263600000 usd
CY2023 prch Number Of Banks
NumberOfBanks
5 bank
CY2024Q4 prch Restricted Cash Pledged As Collateral To Captive Insurance Company
RestrictedCashPledgedAsCollateralToCaptiveInsuranceCompany
20608000 usd
CY2023Q4 prch Restricted Cash Pledged As Collateral To Captive Insurance Company
RestrictedCashPledgedAsCollateralToCaptiveInsuranceCompany
28341000 usd
CY2024Q4 prch Restricted Cash Pledged To Meet Obligations To Policyholders And Creditors
RestrictedCashPledgedToMeetObligationsToPolicyholdersAndCreditors
895000 usd
CY2023Q4 prch Restricted Cash Pledged To Meet Obligations To Policyholders And Creditors
RestrictedCashPledgedToMeetObligationsToPolicyholdersAndCreditors
1340000 usd
CY2024Q4 prch Restricted Funds Held For Payment Of Possible Warranty Claims Current
RestrictedFundsHeldForPaymentOfPossibleWarrantyClaimsCurrent
6636000 usd
CY2023Q4 prch Restricted Funds Held For Payment Of Possible Warranty Claims Current
RestrictedFundsHeldForPaymentOfPossibleWarrantyClaimsCurrent
7273000 usd
CY2024Q4 prch Business Combination Consideration Transferred Other
BusinessCombinationConsiderationTransferredOther
1000000 usd
CY2023Q4 prch Business Combination Consideration Transferred Other
BusinessCombinationConsiderationTransferredOther
1860000 usd
CY2024Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
29139000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
38814000 usd
CY2024Q4 prch Number Of States Regulatory Guidelines Of Warranty Claims
NumberOfStatesRegulatoryGuidelinesOfWarrantyClaims
23 state
CY2023Q4 prch Number Of States Regulatory Guidelines Of Warranty Claims
NumberOfStatesRegulatoryGuidelinesOfWarrantyClaims
19 state
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
258418000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
38814000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297232000 usd
CY2024Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1700000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2024 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
39000000.0 usd
CY2023 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
49200000 usd
CY2022 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
14500000 usd
CY2024Q4 us-gaap Ceded Premiums Payable
CededPremiumsPayable
17141000 usd
CY2023Q4 us-gaap Ceded Premiums Payable
CededPremiumsPayable
10500000 usd
CY2024Q4 prch Reinsurance And Agents Commission Payable
ReinsuranceAndAgentsCommissionPayable
7264000 usd
CY2023Q4 prch Reinsurance And Agents Commission Payable
ReinsuranceAndAgentsCommissionPayable
4650000 usd
CY2024Q4 us-gaap Reinsurance Payable
ReinsurancePayable
8865000 usd
CY2023Q4 us-gaap Reinsurance Payable
ReinsurancePayable
5975000 usd
CY2024Q4 us-gaap Funds Held Under Reinsurance Agreements Liability
FundsHeldUnderReinsuranceAgreementsLiability
5284000 usd
CY2023Q4 us-gaap Funds Held Under Reinsurance Agreements Liability
FundsHeldUnderReinsuranceAgreementsLiability
9820000 usd
CY2024Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
586000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
640000 usd
CY2024Q4 prch Other Insurance Liabilities Current
OtherInsuranceLiabilitiesCurrent
39140000 usd
CY2023Q4 prch Other Insurance Liabilities Current
OtherInsuranceLiabilitiesCurrent
31585000 usd
CY2024 prch Extension Term Of Home Warranty Contracts
ExtensionTermOfHomeWarrantyContracts
P25Y
CY2024 us-gaap Advertising Expense
AdvertisingExpense
11700000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
13900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
13500000 usd
CY2024Q4 prch Lessee Operating Lease Threshold For Recognition
LesseeOperatingLeaseThresholdForRecognition
P1Y
CY2024 us-gaap Revenues
Revenues
437848000 usd
CY2023 us-gaap Revenues
Revenues
430302000 usd
CY2022 us-gaap Revenues
Revenues
275948000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9384000 usd
CY2022 prch Contract With Customer Asset Increase New Policies Sold
ContractWithCustomerAssetIncreaseNewPoliciesSold
9925000 usd
CY2022 prch Contract With Customer Asset Decrease Cash Receipt
ContractWithCustomerAssetDecreaseCashReceipt
3788000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
15521000 usd
CY2023 prch Contract With Customer Asset Increase New Policies Sold
ContractWithCustomerAssetIncreaseNewPoliciesSold
6583000 usd
CY2023 prch Contract With Customer Asset Decrease Cash Receipt
ContractWithCustomerAssetDecreaseCashReceipt
4711000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
17393000 usd
CY2024 prch Contract With Customer Asset Increase New Policies Sold
ContractWithCustomerAssetIncreaseNewPoliciesSold
1506000 usd
CY2024 prch Contract With Customer Asset Decrease Cash Receipt
ContractWithCustomerAssetDecreaseCashReceipt
491000 usd
CY2024 prch Contract With Customer Asset Decrease Commissions Sold With Business Acquisition
ContractWithCustomerAssetDecreaseCommissionsSoldWithBusinessAcquisition
16982000 usd
CY2024Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1426000 usd
CY2024Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
1200000 usd
CY2023Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
13400000 usd
CY2024Q4 prch Refundable Customer Deposits Related To Outstanding Extended Service Contracts Current
RefundableCustomerDepositsRelatedToOutstandingExtendedServiceContractsCurrent
12598000 usd
CY2023Q4 prch Refundable Customer Deposits Related To Outstanding Extended Service Contracts Current
RefundableCustomerDepositsRelatedToOutstandingExtendedServiceContractsCurrent
17911000 usd
CY2024Q4 prch Refundable Customer Deposits Related To Amounts Received In Advance Of Warranty Services Provided Current
RefundableCustomerDepositsRelatedToAmountsReceivedInAdvanceOfWarrantyServicesProvidedCurrent
2751000 usd
CY2023Q4 prch Refundable Customer Deposits Related To Amounts Received In Advance Of Warranty Services Provided Current
RefundableCustomerDepositsRelatedToAmountsReceivedInAdvanceOfWarrantyServicesProvidedCurrent
3887000 usd
CY2024Q4 prch Refundable Customer Deposits Related To Amounts Received In Advance Of Warranty Services Provided Noncurrent
RefundableCustomerDepositsRelatedToAmountsReceivedInAdvanceOfWarrantyServicesProvidedNoncurrent
2433000 usd
CY2023Q4 prch Refundable Customer Deposits Related To Amounts Received In Advance Of Warranty Services Provided Noncurrent
RefundableCustomerDepositsRelatedToAmountsReceivedInAdvanceOfWarrantyServicesProvidedNoncurrent
2856000 usd
CY2024 prch Warranty Claims Expense
WarrantyClaimsExpense
7100000 usd
CY2023 prch Warranty Claims Expense
WarrantyClaimsExpense
5500000 usd
CY2024 us-gaap Investment Income Net
InvestmentIncomeNet
13516000 usd
CY2023 us-gaap Investment Income Net
InvestmentIncomeNet
8428000 usd
CY2022 us-gaap Investment Income Net
InvestmentIncomeNet
1544000 usd
CY2024 prch Realized Investment Gains
RealizedInvestmentGains
417000 usd
CY2023 prch Realized Investment Gains
RealizedInvestmentGains
113000 usd
CY2022 prch Realized Investment Gains
RealizedInvestmentGains
22000 usd
CY2024 prch Realized Investment Loss
RealizedInvestmentLoss
236000 usd
CY2023 prch Realized Investment Loss
RealizedInvestmentLoss
256000 usd
CY2022 prch Realized Investment Loss
RealizedInvestmentLoss
392000 usd
CY2024 prch Investment Income And Realized Gains
InvestmentIncomeAndRealizedGains
13697000 usd
CY2023 prch Investment Income And Realized Gains
InvestmentIncomeAndRealizedGains
8285000 usd
CY2022 prch Investment Income And Realized Gains
InvestmentIncomeAndRealizedGains
1174000 usd
CY2024Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
188143000 usd
CY2024Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
365000 usd
CY2024Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5757000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
182751000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
143036000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
791000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4651000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
139176000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
22422000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
22355000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
39119000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
38328000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
36424000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
34586000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
15120000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
14601000 usd
CY2024Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
188143000 usd
CY2024Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
182751000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5011000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
119225000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
746000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
7540000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5757000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
126765000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3693000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
53357000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
958000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
9955000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
4651000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
63312000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
452 security
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
410 security
CY2024Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
70 security
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
80 security
CY2024Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
294701000 usd
CY2024Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
22805000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
304920000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
47737000 usd
CY2024Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45546000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35615000 usd
CY2024Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23004000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18754000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22542000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16861000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
100000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
300000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
600000 usd
CY2024Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
135463000 usd
CY2024Q4 prch Finite Lived Intangible Assets Accumulated Amortization And Impairment
FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairment
66717000 usd
CY2024Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68746000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
144698000 usd
CY2023Q4 prch Finite Lived Intangible Assets Accumulated Amortization And Impairment
FiniteLivedIntangibleAssetsAccumulatedAmortizationAndImpairment
57482000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
87216000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18500000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23800000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14843000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10182000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9044000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8328000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7446000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
13943000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63786000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
225654000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
38064000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
43758000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
24737000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
43800000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
244697000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2421000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
55211000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
99000000 usd
CY2024Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
99000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
191907000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
191907000 usd
CY2024Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
507255000 usd
CY2024Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
103317000 usd
CY2024Q4 us-gaap Long Term Debt
LongTermDebt
403938000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
558728000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
122989000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
435739000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
150000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
173771000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15000000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
318334000 usd
CY2024Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
507255000 usd
CY2024Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2024Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q4 prch Common Stock Shares Other Than Earnout Shares Outstanding
CommonStockSharesOtherThanEarnoutSharesOutstanding
119770000 shares
CY2023Q4 prch Common Stock Shares Other Than Earnout Shares Outstanding
CommonStockSharesOtherThanEarnoutSharesOutstanding
97061000 shares
CY2024Q4 prch Common Stock Shares Outstanding And Reserved For Future Issuance
CommonStockSharesOutstandingAndReservedForFutureIssuance
166846000 shares
CY2023Q4 prch Common Stock Shares Outstanding And Reserved For Future Issuance
CommonStockSharesOutstandingAndReservedForFutureIssuance
150812000 shares
CY2024Q4 prch Shares Issued Guarantee Value Threshold
SharesIssuedGuaranteeValueThreshold
2
CY2024Q4 prch Shares Issued Guarantee Value Threshold
SharesIssuedGuaranteeValueThreshold
2
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1400000 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3100000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2400000 shares
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4400000 usd
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
14325000 shares
CY2021Q4 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Outstanding
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseOutstanding
0 shares
CY2022 prch Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
12353000 shares
CY2022 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Exercised
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseExercised
11521000 shares
CY2022 prch Class Of Warrant Or Right Cancelled
ClassOfWarrantOrRightCancelled
176000 shares
CY2022 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Canceled
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseCanceled
0 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1796000 shares
CY2024Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1796000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1796000 shares
CY2024Q4 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Outstanding
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseOutstanding
11521000 shares
CY2022Q4 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Outstanding
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseOutstanding
11521000 shares
CY2023Q4 prch Class Of Warrant Or Right Common Shares Issued On Warrant Exercise Outstanding
ClassOfWarrantOrRightCommonSharesIssuedOnWarrantExerciseOutstanding
11521000 shares
CY2023 prch Class Of Warrant Or Right Cancelled
ClassOfWarrantOrRightCancelled
0 shares
CY2024 prch Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
0 shares
CY2024 prch Class Of Warrant Or Right Cancelled
ClassOfWarrantOrRightCancelled
0 shares
CY2023 prch Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
0 shares
CY2024 prch Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfSharesAvailableForGrant
0.05
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27181000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20709000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27041000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3642000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.47
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
365000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.93
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
420000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5000 shares
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CY2024 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarizes the changes in the reserve balances for unpaid losses and LAE, gross of reinsurance, for the year ended December 31, 2024.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.082%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Reserve for unpaid losses and LAE at December 31, 2023</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 1.87pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">95,503</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reinsurance recoverables on losses and LAE at December 31, 2023</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(19,808)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reserve for unpaid losses and LAE reserve, net of reinsurance recoverables at December 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">75,695</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Add provisions (reductions) for losses and LAE occurring in:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Current year</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">200,833</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Prior years </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:114%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(4,926)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 23.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net incurred losses and LAE during the current year</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">195,907</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deduct payments for losses and LAE occurring in:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(162,329)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(61,281)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 23.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net claim and LAE payments during the current year </span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(223,610)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reserve for losses and LAE, net of reinsurance recoverables at December 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">47,992</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reinsurance recoverables on losses and LAE at December 31, 2024</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(19,793)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Reserve for unpaid losses and LAE at December 31, 2024</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1.87pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">67,785</span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">______________________________________</span></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Also includes certain charges related to Vesttoo (see Note 14, Reinsurance, for more information).</span></div><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables summarizes the changes in reserve balances for unpaid losses and LAE, gross of reinsurance for the year ended December 31, 2023:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.082%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Reserve for unpaid losses and LAE at December 31, 2022</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 1.87pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100,632</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reinsurance recoverables on losses and LAE at December 31, 2022</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(76,999)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reserve for unpaid losses and LAE reserve, net of reinsurance recoverables at December 31, 2022</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">23,633</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Add provisions (reductions) for losses and LAE occurring in:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Current year </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:114%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">197,792</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Prior years</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(158)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 23.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net incurred losses and LAE during the current year</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">197,634</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deduct payments for losses and LAE occurring in:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(125,370)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(20,202)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 23.5pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net claim and LAE payments during the current year</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(145,572)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reserve for losses and LAE, net of reinsurance recoverables at December 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">75,695</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Reinsurance recoverables on losses and LAE at December 31, 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(19,808)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Reserve for unpaid losses and LAE at December 31, 2023</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1.87pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">95,503</span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">______________________________________</span></div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Also includes certain charges related to Vesttoo (see Note 14, Reinsurance, for more information).</span></div>
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
95503000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
19808000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
75695000 usd
CY2024 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
200833000 usd
CY2024 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-4926000 usd
CY2024 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
195907000 usd
CY2024 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
162329000 usd
CY2024 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
61281000 usd
CY2024 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
223610000 usd
CY2024Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
47992000 usd
CY2024Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
19793000 usd
CY2024Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
67785000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
100632000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
76999000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
23633000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
197792000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-158000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
197634000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
125370000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
20202000 usd
CY2023 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
145572000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
75695000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
19808000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
95503000 usd
CY2024 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-4900000 usd
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CY2024Q4 us-gaap Shortduration Insurance Contracts Historical Claims Duration Year One
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GainLossOnSaleOfBusiness
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CY2024 us-gaap Insurance Recoveries
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15692000 usd
CY2023 us-gaap Insurance Recoveries
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CY2022 us-gaap Insurance Recoveries
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CY2024 prch Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
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OtherNonoperatingIncomeExpenseMiscellaneous
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OtherNonoperatingIncomeExpenseMiscellaneous
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CY2024 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28702000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3893000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
571000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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1537000 usd
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PurchaseObligationDueInThirdYear
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CY2024Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
1020000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
0 usd
CY2024Q4 us-gaap Purchase Obligation
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CY2024 us-gaap Cost Of Revenue
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CY2024 us-gaap Selling And Marketing Expense
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CY2024 prch Product And Technology Expense
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CY2024 prch Adjusted General And Administrative
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CY2024 us-gaap Depreciation Depletion And Amortization
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CY2024 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
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CY2024 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
3442000 usd
CY2024 us-gaap Restructuring Costs
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CY2024 prch Acquisition And Related Income Expense
AcquisitionAndRelatedIncomeExpense
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CY2024 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
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CY2023 us-gaap Cost Of Revenue
CostOfRevenue
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CY2023 us-gaap Selling And Marketing Expense
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CY2023 prch Product And Technology Expense
ProductAndTechnologyExpense
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CY2023 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
5664000 usd
CY2023 prch Reinsurance Recoverable Allowance For Credit Loss Recovery Loss
ReinsuranceRecoverableAllowanceForCreditLossRecoveryLoss
36042000 usd
CY2023 us-gaap Restructuring Costs
RestructuringCosts
4015000 usd
CY2023 prch Acquisition And Related Income Expense
AcquisitionAndRelatedIncomeExpense
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CY2023 us-gaap Other Nonoperating Gains Losses
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CY2023 prch Segment Adjusted Ebitd
SegmentAdjustedEBITD
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24415000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2023 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
5664000 usd
CY2023 prch Reinsurance Recoverable Allowance For Credit Loss Recovery Loss
ReinsuranceRecoverableAllowanceForCreditLossRecoveryLoss
36042000 usd
CY2023 us-gaap Restructuring Costs
RestructuringCosts
4015000 usd
CY2023 prch Acquisition And Related Income Expense
AcquisitionAndRelatedIncomeExpense
806000 usd
CY2023 us-gaap Other Nonoperating Gains Losses
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CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275948000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
107577000 usd
CY2022 us-gaap Selling And Marketing Expense
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113848000 usd
CY2022 prch Product And Technology Expense
ProductAndTechnologyExpense
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CY2022 prch Adjusted General And Administrative
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27930000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetLiability
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CY2022 us-gaap Restructuring Costs
RestructuringCosts
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CY2022 prch Acquisition And Related Income Expense
AcquisitionAndRelatedIncomeExpense
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CY2022 us-gaap Other Nonoperating Gains Losses
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CY2022 prch Segment Adjusted Ebitd
SegmentAdjustedEBITD
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27930000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2022 prch Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset Liability
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CY2022 us-gaap Restructuring Costs
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CY2022 prch Acquisition And Related Income Expense
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CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2022 us-gaap Operating Income Loss
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CY2024 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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-156559000 usd
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
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99585000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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96057000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97351000 shares
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97351000 shares
CY2024 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Basic
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CY2024Q4 prch Shares Issued Guarantee Value Threshold
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2
CY2024Q4 prch Shares Issued Guarantee Value Threshold
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CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
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CY2024 ecd Insider Trd Policies Proc Adopted Flag
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