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By Michael Loney Oct 13 (The Insurer) — Porch Insurance Reciprocal Exchange and Porch Group have entered into a definitive agreement to acquire Allied Trust’s insurance carrier and managing general agency, which will add around $200 million in reciprocal written premium. Allied Trust is a regional insurance carrier ope
Porch Group to acquire Allied Trust insurance business, adding $200M in premiums
Porch Group announced an agreement to acquire Allied Trust.
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
For best results when printing this announcement, please click on link below: Porch Group Announces Agreement to Acquire Allied Trust Transaction expected to expand Porch Group’s Insurance Services business into Louisiana and add approximately $200 million in Reciprocal Written Premium and $25 million of Adjusted EBITD