Porch Group agrees to acquire Allied Trust insurance carrier, managing general agency

Porch Group agreed to buy Allied Trust’s insurance carrier and managing general agency, expanding its insurance services footprint into Louisiana. Allied Trust operates in Louisiana, Texas, South Carolina, North Carolina; Louisiana accounts for almost half of its 2025 premiums. Deal projected to add about $200 million in reciprocal written premium, about $25 million in adjusted EBITDA in year one. Carrier purchase priced at $55 million cash, subject to closing adjustments, with $50 million deferred over 12 months. Managing general agency and captive reinsurance entity valued at $95 million, including $75 million cash and about $20 million in PRCH shares. Closing targeted for first quarter of 2027, pending approvals and customary conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Porch Group Inc. published the original content used to generate this news brief via (Ref. ID: 202610131605BIZWIRE_USPR_____20261013_BW36496