Porch Group Acquires Allied Trust Insurance Operations for $200 Million

Key Facts

Porch Group announced the acquisition of Allied Trust's insurance operations in a deal valued at $200 million. Investing.com reported that the company has entered into a definitive agreement to take over the insurance business. The acquisition is intended to expand Porch Group's footprint and strategic capabilities within the insurance sector.

PRCH closed at $17.69 on October 12, 2026, prior to the disclosure of the transaction details. The stock traded between a low of $17.53 and a high of $17.89 during the October 12, 2026 session, as the company moves to significantly scale its insurance vertical.