Porch Group to Acquire Allied Trust to Expand US Insurance Footprint

Key Facts

1Porch Group announced a definitive agreement to acquire Allied Trust's insurance carrier and managing general agency.

2Allied Trust is a regional insurance carrier operating in Louisiana, Texas, South Carolina, and North Carolina.

Porch Group announced a definitive agreement to acquire Allied Trust's insurance carrier and its managing general agency. According to Business Wire, the acquisition is designed to expand the company's footprint in the regional homeowners insurance market, specifically targeting operations in Louisiana, Texas, South Carolina, and North Carolina.

PRCH closed at $17.69 on October 12, 2026, prior to the announcement of the strategic expansion. The deal involves both the insurance carrier and the managing general agency of Allied Trust as Porch Group seeks to strengthen its presence in key regional markets across the United States.