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.

Shares of Root Inc. ROOT, +59.80% rocketed 37.4% toward a 10-month high in premarket trading Thursday, a day after soaring 59.8%, in the wake of a report in The Wall Street Journal that a potential buyer has emerged for the car-insurance company. Citing people familiar with the matter, the WSJ report, which published just before Wednesday's closing bell, said Embedded Insurance has bid to buy Root for $19.34 a share, which represents a 221.3% premium to Tuesday's closing price of $6.02.

Root's stock rockets again after WSJ report of buyout bid at a more than 200% premium

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Megan Binkley is promoted to Chief Financial Officer, Jon Allison is promoted to Chief Administrative Officer, and former president of ForeverCar, Jason Shapiro, joins the Root team to lead Business Development.

Root Promotes Seasoned Leaders from Within and Boosts Growth Efforts with New Business Development Leader

Root, Inc. (NASDAQ:ROOT ) Q1 2023 Results Conference Call May 4, 2023 8:00 AM ET Company Participants Jodi Baker - Investor Relations Alex Timm - Co-Founder and Chief Executive Officer Megan Binkley - Interim Chief Financial Officer Frank Palmer - Chief Insurance Officer Conference Call Participants Josh Siegler - Cantor Fitzgerald Tommy McJoynt - KBW Peter Phipson - Evercore Charlie Lederer - Citi Operator Thank you for standing by, my name is Kayla Baker, and I will be your conference operator today. At this time, I would like to welcome everyone to Root Inc's First Quarter 2023 Earnings Conference Call.

Root, Inc. (ROOT) Q1 2023 Earnings Call Transcript

COLUMBUS, Ohio, May 03, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's first quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website at ir.joinroot.com .

Root, Inc. Announces 2023 First Quarter Results

COLUMBUS, Ohio, April 06, 2023 (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 first quarter on Thursday, May 4, 2023 at 8:00 a.m. Eastern Time. The company plans to release first quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, May 3, 2023.

Root, Inc. Schedules Conference Call to Discuss First Quarter 2023 Financial Results

COLUMBUS, Ohio, March 17, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that Alex Timm, Co-Founder and CEO, will participate in a virtual fireside chat moderated by Yaron Kinar at the Jefferies Insurtech Conference on Tuesday, March 21, 2023 at 12:50 p.m. ET.

Root, Inc. to Participate in the Jefferies Insurtech Conference

COLUMBUS, Ohio, March 11, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that it currently maintains approximately $1.3 million on deposit with Silicon Valley Bank (“SVB”). The Company considers its own banking exposure to any liquidity concern at SVB as immaterial to the Company's cash position. The Company plans to transfer its funds from SVB at the earliest opportunity.

Root, Inc. Not Materially Impacted by Silicon Valley Bank Closure

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Root, Inc. (NASDAQ:ROOT ) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Jodi Baker - Investor Relations Alex Timm - Co-Founder and Chief Executive Officer Rob Bateman - Chief Financial Officer Dan Rosenthal - Chief Revenue and Operating Officer Matt Bonakdarpour - Chief Technology Officer Frank Palmer - Chief Insurance Officer Conference Call Participants Josh Siegler - Cantor Fitzgerald Charlie Lederer - Citi Tommy McJoynt - KBW David Motemaden - Evercore ISI Weston Bloomer - UBS Operator Ladies and gentlemen, thank you for standing by and welcome to the Root Inc. 4Q 2022 Earnings Conference Call. I would now like to turn the call over to Jodi Baker, Corporate Secretary.

Root, Inc. (ROOT) Q4 2022 Earnings Call Transcript

Root, Inc. (ROOT) delivered earnings and revenue surprises of 3.73% and 0.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Root, Inc. (ROOT) Reports Q4 Loss, Misses Revenue Estimates

COLUMBUS, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 2022. Root's fourth quarter and full year financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website at ir.joinroot.com .

Root, Inc. Announces 2022 Fourth Quarter and Full Year Results

Root, Inc. (ROOT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Root, Inc. (ROOT): Can Its 19.9% Jump Turn into More Strength?

COLUMBUS, Ohio, Jan. 19, 2023 (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 fourth quarter on Thursday, February 23, 2023 at 8:00 a.m. Eastern Time. The company plans to release fourth quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, February 22, 2023.

Root, Inc. Schedules Conference Call to Discuss Fourth Quarter 2022 Financial Results

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The consensus price target hints at an 113.2% upside potential for Root, Inc. (ROOT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Root, Inc. (ROOT)? Wall Street Analysts Think 113%

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Root, Inc. (ROOT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Root, Inc. (ROOT) Upgraded to Strong Buy: Here's Why

Root, Inc. (NASDAQ:ROOT ) Q3 2022 Results Conference Call November 10, 2022 8:00 AM ET Company Participants Jodi Baker - Vice President and Corporate Secretary Alex Timm - Chief Executive Officer Rob Bateman - Chief Financial Officer Dan Rosenthal - Chief Operating Officer Matt Bonakdarpour - Chief Technology Officer Frank Palmer - Chief Insurance Officer Conference Call Participants Michael Phillips - Morgan Stanley Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Matt Carletti - JMP Tracy Benguigui - Barclays Francois Maisonrouge - Evercore Mark Hughes - Truist Brian Meredith - UBS Andrew Kligerman - Credit Suisse Tommy McJoynt - KBW Operator Good day, and welcome to the Root Incorporated Third Quarter 2022 Earnings Conference Call. Please note, today's conference is being recorded.

Root, Inc. (ROOT) Q3 2022 Earnings Call Transcript

Root, Inc. (ROOT) delivered earnings and revenue surprises of 24.46% and 2.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Root, Inc. (ROOT) Reports Q3 Loss, Lags Revenue Estimates

COLUMBUS, Ohio, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter. Root's third quarter results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website at ir.joinroot.com .

Root, Inc. Announces 2022 Third Quarter Results

Root, Inc. (ROOT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Root, Inc. (ROOT) Looks Ripe for Bottom Fishing

The mean of analysts' price targets for Root, Inc. (ROOT) points to a 172% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Root, Inc. (ROOT) Could Surge 172%: Read This Before Placing a Bet

Alex Timm, CEO and Co-Founder, has been named a Top 100 Leader in FinTech by FinTech Magazine Alex Timm, CEO and Co-Founder, has been named a Top 100 Leader in FinTech by FinTech Magazine

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