Porch Group and PIRE to Acquire Allied Trust

Porch Insurance Reciprocal Exchange (PIRE) and Porch Group agreed to acquire Allied Trust’s insurance carrier and its managing general agency and captive reinsurance entity, respectively, for approximately $200 million in combined consideration. The acquisition is expected to expand Porch’s insurance operations into Louisiana and add claims data and scale; it remains subject to regulatory approvals and is expected to close in the first quarter of 2027.