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Root press release ( NASDAQ: ROOT ): Q4 Non-GAAP EPS of -$4.13 beats by $0.75 . Revenue of $71.3M (-23.5% Y/Y) beats by $3.1M . Finished 2022 with a Q4 gross accident period loss ratio of 77%, down from 94% in Q4 2021. Reduced our fixed expenses on a run rate basis...
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 b...
Summary Root reported its Q3 financial results on November 9, 2022. The firm provides auto insurance coverage in the United States. ROOT has seen losses balloon due to inflation, like other insurance carriers. Management says its approach is superior to reducing loss ratios. ...
Summary Root has made drastic efforts to cut cash burn and revive its cash flow. The company's operation has improvement on both losses and profitability since its IPO. We still need a few more quarters to see if its improvements are sustainable. While macro headwinds persist, R...
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 ...
Root, Inc. (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 O...
Root press release ( NASDAQ: ROOT ): Q3 GAAP EPS of -$4.54 beats by $1.64 . Revenue of $73.7M (-21.4% Y/Y) misses by $0.93M . Recognized a 79% gross accident period loss ratio, a 14-point reduction from Q3’21 to Q3’22 Reduced operating cash bu...
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...
COLUMBUS, Ohio, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is proud to share that CEO and Co-Founder, Alex Timm, has been named one of the top 100 leaders in financial techn...
Summary Lemonade is an insurtech company looking to disrupt the insurance industry with a company built around artificial intelligence. Lemonade is looking to delight customers and build an advantage over incumbents with their AI and Giveback program, which donates to customer cho...
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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 pl...
COLUMBUS, Ohio, July 01, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is excited to mark a significant home state NTT INDYCAR SERIES race for the company on July 7th at the Mid-Ohio Sports C...