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2026
Porch Group and PIRE agree to acquire Allied Trust in deal valued at approximately $200 million
Porch Group announced that its Porch Insurance Reciprocal Exchange (PIRE) will acquire Allied Trust's insurance carrier for $55 million in cash plus $50 million in deferred consideration, while Porch Group will separately pay $95 million for Allied Trust's managing general agency and captive reinsurance entity, in a deal valued at approximately $200 million. The transaction is expected to close in Q1 2027, subject to approval from the Texas Department of Insurance.