Root

Root, Inc. operates as a technology company in the insurance industry. The firm offers mobile telematics and technology platform to segment individual risk based on complex behavioral data and a customer experience to make pricing decision and grow business. It provides insurance products and services in the United States. The company was founded by Alexander E. Timm and Daniel Manges in February 2015 and is headquartered in Columbus, OH.

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Root Inc. achieves profitability and plans for growth in 2023

Root Inc.'s Q4 2022 earnings call highlighted strong financial performance, strategic initiatives for pricing accuracy and scalability, and a focus on expanding embedded partnerships. Despite challenges like premium contraction, the company is poised for growth through improved operational efficiency and strategic adjustments.

Root reports robust Q1 performance, focuses on reducing loss ratios

Root's Q1 2023 earnings call highlighted strong performance metrics, strategic focus on reducing loss ratios, and challenges in premium declines. The company aims to prioritize loss ratio improvements, return to profitable growth, and capitalize on opportunities for revenue enhancement through telematics and partnerships.

Root Inc. reports strong Q2 performance, eyes growth opportunities

Root Inc.'s Q2 2023 earnings call showcased impressive financial results, with notable improvements in key metrics and a focus on strategic growth initiatives.
While facing challenges such as a decline in gross earned premium and anticipated cash burn, the company remains well-positioned to capitalize on opportunities for expansion and innovation.
Investors should monitor Root Inc.'s execution of growth strategies and operational efficiency enhancements to assess its ability to sustain positive momentum and drive shareholder value.

Root (ROOT) reports stellar Q3 results, eyes growth opportunities ahead

Root's Q3 2023 earnings call highlights exceptional performance, strategic focus on profitability, and strong growth driven by technology and data science. While facing the departure of a key executive, the company is well-positioned with a healthy cash position and optimization of reinsurance strategy. Root has opportunities to leverage its strengths and navigate challenges for sustained growth and profitability.

Root (ROOT) achieves record Q4 performance, focuses on sustainable growth

Root's Q4 2023 earnings call highlighted strong financial performance, with a focus on sustainable growth and profitability. The company showcased improvements in loss ratios, technology capabilities, and market share gains. While facing challenges related to rate adequacy and margin risks, Root is well-positioned to capitalize on opportunities for growth and enhanced profitability.

Root achieves positive Q1 results, focuses on growth and profitability

Root's Q1 2024 earnings call highlighted a significant milestone with positive operating income and adjusted EBITDA achieved for the first time. The company's focus on data science, technology, and partnership channel growth drove strong financial performance and customer acquisition.
While facing challenges such as increased competition in the direct channel and marketing spend adjustments, Root remains committed to profitable growth and financial sustainability. Opportunities lie in innovation, customer retention, and strategic expansion, positioning Root for continued success in the market.
Overall, Root's performance in Q1 2024 reflects a positive trajectory with improvements in key financial metrics and strategic initiatives. By balancing strengths, addressing challenges, and capitalizing on opportunities, Root aims to solidify its position as a leader in the insurance industry.

Root reports strong Q2 earnings, eyes growth through strategic focus

Root's Q2 2024 performance reflects financial stability, growth, and improved loss metrics, underpinned by strategic underwriting and expense management.
While facing challenges in competition and tech investments, Root's focus on profitability, capital optimization, and customer-centric strategies positions it for long-term success.
The company's emphasis on growth opportunities through market expansion, tech enhancements, and risk management strategies highlights a proactive approach to driving sustainable growth.

Root Inc. reports Q3 profitability, eyes growth through partnerships

Root Inc.'s Q3 2024 earnings call highlighted the company's achievement of profitability, strong financial performance, and strategic initiatives to drive growth and partnerships. With a focus on disciplined underwriting, Root aims to sustain profitable growth, expand its market presence, and deliver competitive products while managing operational costs effectively.

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Root, Inc. is a technology insurance company, which engages in the provision of insurance services. It offers mobile telematics and technology platforms to segment individual risk based on complex behavioral data and customer experience to make pricing decisions and grow businesses. It provides insurance products and services in the United States. The company was founded by Alexander E. Timm and Daniel Manges in February 2015 and is headquartered in Columbus, OH.

This small-cap stock has skyrocketed after posting a surprising profit in the third quarter.

This Small-Cap Growth Stock Has Surged 600% in 2024 and Its Recent Results Shocked Investors. Is the Stock a Buy Today?

Root (ROOT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Root, Inc. (ROOT) Hit a 52 Week High, Can the Run Continue?

Root, Inc. has finally achieved its first profitable quarter, reducing the risks and providing a better basis for valuation. Following wild price fluctuation after ROOT's earnings release, the closing price fell to a fair range for no growth and a bargain if growth materializes. Auto insurance remains competitive, however, and bigger competitors may yet test Root's ability to capture market share from its small starting point.

Root, Inc. Has Entered The World Of Profits (Rating Upgrade)

Root Inc (NASDAQ: ROOT) rallied a whopping 150% after reporting its first-ever net income profitability on the back of massive growth in quarterly revenue on Wednesday. “This is obviously a great milestone for Root.

Root stock spikes 150%: here's what investors need to know

Shares of Root Inc (NASDAQ:ROOT) are skyrocketing to nearly three-year highs, after the auto insurance name posted surprise third-quarter profits of $1.35 per share.

Insurance Stock Eyes Best Day Ever After Earnings

Root, Inc. (NASDAQ:ROOT ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Matt LaMalva - Head, Investor Relations Alex Timm - Co-Founder & Chief Executive Officer Megan Binkley - Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW Yaron Kinar - Jefferies Operator Ladies and gentlemen greetings and welcome to the Root Inc. 3Q 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Root, Inc. (ROOT) Q3 2024 Earnings Call Transcript

Root, Inc. (ROOT) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of a loss of $0.61 per share. This compares to loss of $3.16 per share a year ago.

Root, Inc. (ROOT) Q3 Earnings and Revenues Surpass Estimates

COLUMBUS, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's third quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com .

Root, Inc. Announces 2024 Third Quarter Results

Improved Terms Enhance Company's Financial Flexibility and Improve Cost of Capital Improved Terms Enhance Company's Financial Flexibility and Improve Cost of Capital

Root Announces Successful Refinancing of Term Loan Facility with BlackRock

Root, Inc. will announce Q3 2024 earnings post-market on October 30th. I do not believe the market is fairly valuing the impact of scaling and competition on Root's ability to drive margin. While there is upside potential if everything goes right, fundamental industry challenges will continue to constrain growth.

Root Inc. Q3 Earnings Preview: Loss Ratio Not Sustainable

COLUMBUS, Ohio, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the third quarter on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. The company plans to release third quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, October 30, 2024.

Root, Inc. Schedules Conference Call to Discuss Third Quarter 2024 Financial Results

PALO ALTO, Calif. , Sept. 5, 2024 /PRNewswire/ --  First Connect Insurance Services , a digital platform designed to support independent agents by providing access to the nation's top carriers, today announced it is partnering with Root Insurance to offer API-powered quote and bind capabilities to independent insurance agents.

First Connect and Root Launch Streamlined Quote & Bind Process for Independent Insurance Agents

COLUMBUS, Ohio and WESTLAKE, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, and Goosehead Insurance, Inc. (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced their technology integration partnership that is redefining the agent experience. This collaboration is a significant step toward a mutual goal to enhance the insurance process for agents and clients through cutting-edge technology.

Root Insurance Partners with Goosehead Insurance to Simplify Insurance Sales for Independent Agents

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Root, Inc. (ROOT) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $1.74. This compares to loss of $2.55 per share a year ago.

Root, Inc. (ROOT) Reports Q2 Loss, Tops Revenue Estimates

Root, Inc. (NASDAQ:ROOT ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Matt LaMalva - Head, IR Alex Timm - Co-Founder & CEO Megan Binkley - CFO Conference Call Participants Tommy McJoynt - KBW Yaron Kinar - Jefferies Elyse Greenspan - Wells Fargo Michael Ward - Citi Operator Greetings, and welcome to Root, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Root, Inc. (ROOT) Q2 2024 Earnings Call Transcript

COLUMBUS, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's second quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com .

Root, Inc. Announces 2024 Second Quarter Results

Here is how Root, Inc. (ROOT) and Popular (BPOP) have performed compared to their sector so far this year.

Is Root (ROOT) Outperforming Other Finance Stocks This Year?

Root, Inc. (ROOT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ROOT broke through the 20-day moving average, which suggests a short-term bullish trend.

Root, Inc. (ROOT) Recently Broke Out Above the 20-Day Moving Average

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Does Root, Inc. (ROOT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Root, Inc. (ROOT) Is Up 10.98% in One Week: What You Should Know

COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quarter on Wednesday, August 7, 2024 at 5:00 p.m. Eastern Time. The company plans to release second quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, August 7, 2024.

Root, Inc. Schedules Conference Call to Discuss Second Quarter 2024 Financial Results

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