Porch Group Agrees to Acquire Allied Trust
Story updates
08:06:15 PM UTC
SquawkNews
Porch Group agreed for its Reciprocal and the company to acquire Allied Trust’s carrier and MGA, expected to add ~$200M RWP and ~$25M Adjusted EBITDA (Excluding Reciprocal) in the first full year post-close; closing targeted for Q1 2027, subject to approvals.Material DetailsContext by AI AnalystPor…
08:06:25 PM UTC
SquawkNews
Porch Group To Acquire Allied Trust's Insurance Carrier and Managing General Agency, Respectively >PRCH
08:06:58 PM UTC
SquawkNews
PRCH Porch Group Announces Agreement to Acquire Allied Trust
08:07:45 PM UTC
SquawkNews
Porch Group Deal Expected to Add About $200M of Reciprocal Written Premium, About $25M of Adjusted EBITDA to Porch >PRCH
08:08:50 PM UTC
SquawkNews
Porch Group Reciprocal Will Acquire Allied Trust's Insurance Carrier for an Initial Base Price of $55 M in Cash >PRCH
08:09:18 PM UTC
SquawkNews
Porch Group Deal Subject to Adjustments for the Carrier's Statutory Surplus and Indebtedness at Closing >PRCH
08:09:35 PM UTC
SquawkNews
Porch Group Acquisition Includes$50 M of Deferred Consideration Payable Over the 12 Mos Following Closing >PRCH
08:29:07 PM UTC
SquawkNews
By Elias SchisgallPorch Group agreed to acquire Allied Trust in a move that will establish the company's presence in Louisiana.The homeowners insurance company said that it will acquire Allied Trust's managing general agency and captive reinsurance entity for $75 million in cash and an expected $20…