Allied Trust to Be Acquired by Porch Group
News related to:Allied Trust Insurance · 2 min read
TAMPA, FL, UNITED STATES, October 14, 2026 /CourierPR/ -- Allied Trust Insurance, established in 2015, announced it has entered into a definitive agreement to be acquired by Porch Group. The combination is expected to support Allied Trust’s next phase of growth and leverage complementary resources.
According to Brian Keefer, the co-founder and President of Allied Trust Insurance, the acquisition will bring together Allied Trust’s established insurance expertise, operating history, and disciplined approach with Porch Group’s proprietary homeowner value-chain data.
Allied Trust operates in Louisiana, Texas, South Carolina, and North Carolina, with Louisiana representing almost half of Allied Trust’s 2025 premiums. Keefer highlighted the company’s commitment to integrity, responsive service, thoughtful underwriting, and long-term relationships with policyholders, agents, and communities.
Under the terms of the agreements, the Porch Insurance Reciprocal Exchange will acquire Allied Trust’s insurance carrier for an initial base price of $55 million in cash, subject to adjustments for the carrier’s statutory surplus and indebtedness at closing. Additionally, Allied Trust’s managing general agency and captive reinsurance entities will be acquired by Porch Group for an aggregate base purchase price of $95 million, consisting of $75 million in cash and an expected $20 million in PRCH shares.
The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the first quarter of 2027. Porch Group’s announcement of the transaction is available at ir.porchgroup.com.
The acquisition is anticipated to enhance Allied Trust’s capabilities and position the business for its next phase of growth, aligning with both companies' strategic goals. Allied Trust Insurance Company is a regional property insurer focused on protecting homeowners and supporting communities across the Gulf Coast and Southeast. Working through a trusted network of independent agents, Allied Trust provides homeowners, flood, condominium, dwelling fire, umbrella, and related personal insurance products.
The company is guided by a commitment to integrity, responsive service, thoughtful underwriting, and long-term relationships with the policyholders, agents, and communities it serves. Allied Trust believes insurance is ultimately about trust, providing dependable support and clear communication when people need it most.
The transaction details indicate that the Porch Insurance Reciprocal Exchange will acquire Allied Trust’s insurance carrier for an initial base price of $55 million in cash, subject to adjustments for the carrier’s statutory surplus and indebtedness at closing. Additionally, Allied Trust’s managing general agency and captive reinsurance entities will be acquired by Porch Group for an aggregate base purchase price of $95 million, consisting of $75 million in cash and an expected $20 million in PRCH shares.
The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the first quarter of 2027. Porch Group’s announcement of the transaction is available at ir.porchgroup.com.
Keefer, the co-founder and President of Allied Trust Insurance, emphasized the company’s commitment to its principles and the strong results achieved under those principles. The acquisition is expected to build on Allied Trust’s success and enhance its capabilities for future growth.