Porch Group entered into a definitive agreement to acquire Allied Trust Insurance Company, its managing general agent, and captive reinsurer for total consideration of $200 million. The Reciprocal will pay $105 million for the insurance carrier, comprising $55 million at closing and $50 million in deferred payments potentially settled in Porch shares. Porch Group’s subsidiary will pay $95 million for the MGA and reinsurer, with up to $20 million payable in newly issued common stock. The transaction is expected to close in Q1 2027, adding approximately $200 million in written premium and $25 million in Adjusted EBITDA. Porch Group operates a technology-enabled homeowners insurance platform.
