---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-26-000054"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2026-10-13T21:00:39+00:00"
generated_at: "2026-10-13T21:02:10.250174+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Porch Group to acquire Allied Trust for $200M; adds ~$200M reciprocal premium, $25M EBITDA

## Summary
- Total consideration $200M: Reciprocal pays $105M for Allied Trust Insurance Company ($55M at close + $50M deferred over 12 months); HOA Holdco pays $95M for MGA and captive reinsurer.
- Expected to add ~$200M Reciprocal Written Premium and ~$25M Adjusted EBITDA (Excluding Reciprocal) in first full year; acquisition multiple under 4x.
- Adds Louisiana (new state, ~half of Allied Trust's 2025 premiums) plus Texas, South Carolina, North Carolina operations; closes in Q1 2027.
- Closing subject to Texas Department of Insurance approval; no earlier than Jan 1, 2027; termination date April 1, 2027; $20M R&W insurance policy.
- Assuming Jan 1, 2027 close, Porch targets 2027 RWP >$900M, Reciprocal Policies Written >360k, Adjusted EBITDA (Excluding Reciprocal) >$180M.

## SEC filing metadata
- accession: 0001784535-26-000054
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2026-10-13T21:00:39+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453526000054/0001784535-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453526000054/prch-20261013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-26-000054
- JSON: https://secwatch.observer/filing/0001784535-26-000054.json
- Plain text: https://secwatch.observer/filing/0001784535-26-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.