Porch Group to acquire Allied Trust in deal expected to close in Q1 2027
Porch Group and Porch Insurance Reciprocal Exchange agreed on October 13, 2026 to acquire Allied Trust's insurance carrier and managing general agency, with the carrier purchase at a $55 million cash base price plus $50 million of deferred consideration. The company expects the deal to add approximately $200 million of Reciprocal Written Premium and $25 million of Adjusted EBITDA (Excluding Reciprocal) in the first full year after closing, but the transaction requires regulatory approvals and is expected to close in the first quarter of 2027.
Key points
- Carrier purchase: $55 million in cash base price, plus $50 million deferred consideration payable over the 12 months after closing in cash or PRCH shares
- Managing general agency and captive reinsurance entity: $95 million aggregate base price, including $75 million in cash and an expected $20 million in PRCH shares
- Expected first-full-year contribution: approximately $200 million Reciprocal Written Premium and $25 million Adjusted EBITDA (Excluding Reciprocal); Porch cites an acquisition multiple of less than four times
- Closing expected in Q1 2027, subject to regulatory approvals including Texas Department of Insurance; Porch plans to file an at-the-market equity offering program
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.