Root, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Alexander Edward Timm
- Full Time Employees
- 1,256
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 80 East Rich Street Columbus OH United States of America 43215
- IPO Date
- Oct 28, 2020
- CIK
- 0001788882
- Website
- joinroot.com
- Similar Companies
- Business
- Root, Inc. (Nasdaq: ROOT) operates as a technology-driven insurance company that provides personal lines insurance products, primarily automobile insurance priced based on telematics data capturing actual driving behavior via its mobile app; renters insurance; and homeowners insurance, all offered through direct-to-consumer channels including the app and website, digital media, independent agents, referrals, and strategic distribution partners. Root utilizes proprietary algorithms analyzing over 20 billion miles of driving data for risk assessment and underwriting, enabling automated pricing, policy issuance in under one minute, claims processing, and features such as roadside assistance, SR-22 filings, rental reimbursement, and real-time driving feedback; the platform emphasizes embedded insurance integrations for seamless customer experiences. Founded in 2015 and headquartered in Columbus, Ohio, the company serves customers across 35 states with largest markets in Texas, Georgia, and Colorado, targeting tech-savvy and safe drivers through behavioral rather than demographic factors; subsidiaries include Root Insurance Company and Root Property & Casualty Insurance Company. Root reports strong financial progress with year-to-date net income of $35 million as of Q3 2025, Q1 2025 net income of $18 million alongside expanded partnerships including Hyundai and Experian, consecutive quarters of profitability in 2024 (Q1 $4 million, Q2 $19.9 million, Q3 $36.3 million), a strategic shift toward underwriting discipline and partnerships growing as a proportion of its book, increased R&D marketing investment by $5 million planned for Q4 2025, policies in force reaching 341,764 as of December 2023 with $678.7 million in cash equivalents, and a $200 million loan from BlackRock in 2022 alongside prior Carvana embedded insurance collaboration.
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