Porch Group Announces Agreement to Acquire Allied Trust
Key Highlights
- ➤Allied Trust acquisition adds approximately $200 million RWP and $25 million Adjusted EBITDA.
- ➤Porch acquires Allied Trust carrier for $55 million cash plus $50 million deferred consideration.
- ➤Porch acquires Allied Trust MGA and captive reinsurance entity for $95 million.
- ➤Acquisition expected to close in first quarter of 2027, subject to regulatory approvals.
- ➤Porch targets 2027 RWP above $900 million and Adjusted EBITDA above $180 million.
Expert Statements
Matt Ehrlichman, Chief Executive Officer of Porch Group
“Allied Trust is a strong strategic fit for Porch and the Reciprocal, and we are excited about the opportunity to add a high-quality insurance business”
Matt Ehrlichman, Chief Executive Officer of Porch Group
“This transaction is expected to expand the insurance products we manage, add a meaningful presence in Louisiana, and bring a strong team, a healthy company, and over a decade of claims data that we believe can become even more valuable when combined with Porch’s proprietary data and insurance operating capabilities.”
Matt Ehrlichman, Chief Executive Officer of Porch Group
“Porch already has a strong organic growth profile, which Allied Trust adds to in the years ahead.”
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 EBITDA (Excluding Reciprocal) in the first full year following closing
Porch Group, Inc. (“Porch Group”, “Porch” or the “Company”) (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced that Porch Insurance Reciprocal Exchange (the “Reciprocal”) and Porch Group have entered into a definitive agreement to acquire Allied Trust’s insurance carrier and managing general agency, respectively. Allied Trust is a regional insurance carrier operating in Louisiana, Texas, South Carolina and North Carolina. Louisiana represented almost half of Allied Trust’s 2025 premiums and would be a new state for the Reciprocal.
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