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.

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

Root, Inc. CEO and Co-Founder Honored as FinTech Leader

Root, Inc. (ROOT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Root, Inc. (ROOT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

COLUMBUS, Ohio, Oct. 10, 2022 (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 Thursday, November 10, 2022 at 8:00 a.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, November 9, 2022.

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

Roots Corporation (OTCPK:RROTF) Q2 2022 Earnings Conference Call September 13, 2022 8:00 AM ET Company Participants Meghan Roach - President and CEO Mona Kennedy - CFO Conference Call Participants Brian Morrison - TD Securities Stephen MacLeod - BMO Capital Markets Operator Good morning. My name is Michelle, and I'll be your conference operator today.

Roots Corporation (RROTF) Q2 2022 Earnings Call Transcript

COLUMBUS, Ohio, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, today announced that Alex Timm, Co-Founder and CEO, and Rob Bateman, CFO, will participate in a fireside chat at the Barclays Global Financial Services Conference on Monday, September 12, 2022 at 12:00 p.m. ET.

Root, Inc. to Participate in the Barclays Global Financial Services Conference

The mean of analysts' price targets for Root, Inc. (ROOT) points to a 157% 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 Predict a 157% Upside in Root, Inc. (ROOT): Here's What You Should Know

Root Insurance is a tech powered insurance company which aims to disrupt the trillion dollar insurance industry. The company has a strong product and used AI powered Telematics to track drivers' style in real time.

Root Insurance: Spiral Of Death But There Is Hope

Root is trying to price auto insurance premiums at fair prices to its users. This fairness is hurting its own business, with gross margins already close to non-existing.

Root: Not Addressing The Root Causes

Root, Inc. (NASDAQ:ROOT ) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Christine Patrick – Treasurer and Vice President-Investor Relations Alex Timm – Co-Founder and Chief Executive Officer Rob Bateman – Chief Financial Officer Frank Palmer – Chief Insurance Officer Dan Rosenthal – Chief Revenue and Operations Officer Matt Bonakdarpour – Chief Technology Officer Conference Call Participants Elyse Greenspan – Wells Fargo Michael Phillips – Morgan Stanley Matt Carletti – JMP Securities Josh Siegler – Cantor Tommy McJoynt – KBW Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

Root, Inc's (ROOT) CEO Alex Timm on Q2 2022 Results - Earnings Call Transcript

Root, Inc. (ROOT) delivered earnings and revenue surprises of 26.53% and 5.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

COLUMBUS, Ohio, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter. Root's second 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 Second Quarter Results; Moving Forward with Reverse Stock Split at 1-for-18 Ratio

COLUMBUS, Ohio, July 21, 2022 (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 Tuesday, August 9, 2022 at 9:00 a.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 Monday, August 8, 2022.

UPDATE – Root, Inc. Schedules Conference Call to Discuss Second Quarter 2022 Financial Results

The insurtech announces the addition of Julie Szudarek to its board of directors to bolster market expansion and business operations The insurtech announces the addition of Julie Szudarek to its board of directors to bolster market expansion and business operations

Root Adds Tech and E-Commerce Experience to Board with Appointment of Atida CEO

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Roots Corporation (OTC:RROTF) Q1 2022 Results Conference Call June 14, 2022 8:00 AM ET Company Participants Meghan Roach - President and CEO Mona Kennedy - CFO Conference Call Participants Brian Morrison - TD Securities Patricia Baker - Scotiabank Matthew Lee - Canaccord Stephen MacLeod - BMO Operator Good morning. My name is Pam, and I will be your conference operator today.

Roots Corporation (RROTF) CEO Meghan Roach on Q1 2022 Results - Earnings Call Transcript

COLUMBUS, Ohio, June 13, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022 according to a preliminary list of additions posted June 3, 2022 by FTSE Russell.

Root, Inc. Set to Join Russell 3000® Index

Alex Timm, Co-Founder and CEO of Root Insurance, will participate in his second conference fireside chat this year Alex Timm, Co-Founder and CEO of Root Insurance, will participate in his second conference fireside chat this year

Root, Inc. to Participate in the Goldman Sachs Insurtech Conference

Wilmington, Delaware--(Newsfile Corp. - May 6, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Root, Inc. (NASDAQ: ROOT) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-root-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Root, Inc.

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Root, Inc. (NASDAQ:ROOT ) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Christine Patrick - VP, IR Alexander Timm - Co-Founder, CEO & Director Daniel Rosenthal - Chief Revenue & Operating Officer & Director Matt Bonakdarpour - CTO Frank Palmer - Chief Insurance Officer Conference Call Participants Joshua Siegler - Cantor Fitzgerald & Co. Ismael Dabo - Morgan Stanley Tracy Benguigui - Barclays Bank Matthew Carletti - JMP Securities Weston Bloomer - UBS Mark Hughes - Truist Securities Andrew Kligerman - Crédit Suisse Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Root, Inc. First Quarter 2022 Earnings Conference Call.

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