Porch to Acquire Allied Trust's Insurance Carrier, Managing General Agency

04:32 PM EDT, 10/13/2026 (MT Newswires) -- Porch (PRCH) said late Tuesday it agreed to acquire Allied Trust's insurance carrier and managing general agency. The transaction includes an initial $55 million cash payment for Allied Trust's insurance carrier, plus $50 million in deferred consideration. Porch will separately acquire Allied Trust's managing general agency and captive reinsurance entity for $95 million in cash and shares, it said. The acquisition is expected to expand Porch's insurance business into Louisiana and add about $200 million in reciprocal written premiums and $25 million in adjusted EBITDA, the company said. The transaction, expected to close in Q1 2027, is subject to regulatory approvals and customary closing conditions, the company said.