From Pulse 2.0 · Amit Chowdhry · · 1m 20s
Porch Group Acquires Allied Trust
Porch Group to buy Allied Trust for $55m cash and $20m shares, adding $200m in insurance premium.
In brief
Porch Group to buy Allied Trust for $55m cash and $20m shares, adding $200m in insurance premium. Porch Group acquires Allied Trust for $55m cash and $20m shares, adding $200m in Reciprocal Written Premium. Originally reported by Pulse 2.0.
Porch Group and Porch Insurance Reciprocal Exchange
Porch Group and Porch Insurance Reciprocal Exchange have entered into definitive agreements to acquire Allied Trust’s insurance carrier, managing general agency, and captive reinsurance entity.
Allied Trust's Market Presence
Allied Trust operates in Louisiana, Texas, South Carolina, and North Carolina with Louisiana accounting for nearly half of its 2025 premiums.
Acquisition Financials
Porch expects the acquisition to contribute approximately $200 million in Reciprocal Written Premium and about $25 million in Adjusted EBITDA during the first full year.
Claims Data Integration
The deal will provide Porch with more than a decade of Allied Trust claims data to improve pricing, underwriting, and risk selection.
Post-Acquisition Structure
Following closing, Allied Trust will operate using the same structure as Porch’s existing insurance business with Porch Insurance Reciprocal Exchange owning the carrier.
Transaction Terms
The Reciprocal will acquire Allied Trust’s insurance carrier for $55 million in cash, subject to adjustments, with an additional $50 million deferred over 12 months.
What to remember
Porch Group acquires Allied Trust for $55m cash and $20m shares, adding $200m in Reciprocal Written Premium.
