Welcome to our dedicated page for Root news (Ticker: ROOT), a resource for investors and traders seeking the latest updates and insights on Root stock.
Root, Inc. (NASDAQ: ROOT) is a technology-driven insurance provider revolutionizing auto and renters coverage through data science and mobile-first solutions. This news hub offers investors and industry observers centralized access to official announcements and market-moving developments.
Track Root's progress in transforming insurance risk assessment with real-time driving data analysis. Our curated feed includes earnings reports, product innovations, strategic partnerships, and leadership updates directly from corporate sources. Stay informed about key initiatives shaping the insurtech sector through Root's unique approach to personalized pricing models.
For stakeholders monitoring ROOT's market position, this resource provides essential updates on regulatory developments, technology implementations, and customer growth metrics. Bookmark this page for efficient tracking of Root's mission to create fairer insurance solutions through continuous data refinement and mobile platform enhancements.
Root Insurance reveals concerning distracted driving trends in its 2025 Focused Driving Report, analyzing over 1.3 billion miles of driving data. The study shows Americans spend 11% of their drive time on phones, with Gen Z drivers using phones nearly twice as much (14.78%) as Baby Boomers (6.34%).
Key findings show Portland, Oregon as the most focused city (8.74% distraction rate), while New Orleans, Louisiana ranks as the most distracted (15.20%). The study identifies 5:00 a.m. as the least distracted hour (7.16%), with peak phone usage at 7:00 p.m. (11.65%).
Survey results from 500 drivers reveal texting (86%), social media (77%), and handheld calls (75%) as top distractions. Notably, 46% of drivers reported close calls or accidents while distracted, and 72% indicated they would reduce phone use if insurance rates reflected their focusing behavior.
Experian has expanded its Insurance Marketplace by adding Root Insurance to its portfolio, enhancing its auto insurance offerings. The partnership aims to provide consumers with more affordable and personalized car insurance options through a streamlined shopping experience.
Root's mobile app enables drivers to secure coverage in 60 seconds and has garnered nearly 15 million downloads. The app offers a fully digital experience for policy management and claims filing. Through Experian Marketplace, consumers can compare rates from over 30 top carriers, with potential savings of more than $1,100 on car and home insurance bundles or $800 on car insurance alone.
The integration allows customers to shop and switch to Root without changing platforms, streamlining the insurance process. Experian's Ongoing Rate Monitoring feature alerts shoppers about better rates on their car insurance policies, eliminating the need for repeated shopping.
Root Inc (NASDAQ: ROOT) has announced it will host a conference call on May 7, 2025 at 5:00 p.m. Eastern Time to discuss its first quarter 2025 financial results and provide operational updates. The company will release its Q1 results on the same day after market close through its investor relations website at ir.joinroot.com.
The conference call will be accessible via toll-free (1-877-269-7751) and toll (1-201-389-0908) dial-in numbers. A webcast replay will be available on the company's investor relations page shortly after the call.
Root Inc. (NASDAQ: ROOT) and Hyundai Capital America (HCA) have announced a strategic partnership aimed at innovating auto finance and insurance solutions. The collaboration combines HCA's auto finance leadership with Root's mobile technology and customer-focused insurance expertise to deliver personalized, data-driven insurance solutions.
The partnership focuses on providing competitive rates to HCA customers through data-driven insurance solutions, enhancing the overall vehicle ownership experience. HCA President and CEO Marcelo Brutti emphasized their commitment to customer-centric innovation, while Root's Founder and CEO Alex Timm highlighted the opportunity to build unique solutions for HCA drivers while expanding Root's insurance distribution channels.
Root (NASDAQ: ROOT) has announced its participation in the 2025 Association of Insurance and Financial Analysts (AIFA) Conference in Naples, Florida, scheduled for March 2-4, 2025. Matt LaMalva, Root's Head of Investor Relations and Corporate Development, will participate in the Insurtech Panel on March 3 at 4:15 p.m. ET.
The panel discussion will feature LaMalva alongside Ben Rose, Co-Founder and President of Supercede, with moderation by Tommy McJoynt, Director of Equity Research at KBW. They will explore key trends in the Insurtech landscape and technology's evolving role in insurance.
The AIFA Conference serves as a premier gathering for industry leaders across property & casualty insurance, life insurance, reinsurance, and insurance brokerage sectors to discuss industry challenges and opportunities.
Root Inc (NASDAQ: ROOT) announced its financial results for Q4 and full year 2024 on February 26, 2025. The detailed financial results and management commentary are available in the shareholder letter on Root's investor relations website at ir.joinroot.com.
The company has scheduled a conference call and earnings webcast for February 26 at 5:00 p.m. Eastern Time to discuss the results and provide operational updates. Investors can access the live audio webcast through the News & Events section of Root's Investor Relations website.
Root Insurance released a concerning survey ahead of Super Bowl LIX revealing that 44% of football fans admitted to live-streaming games while driving during the season. The study exposed that 35% watch quick highlights behind the wheel, while 46% listen to games through in-car audio.
Demographics show 49% of male respondents and 33% of female respondents streamed games while driving. Age-wise, 25-34 year-olds were most likely to stream (63%), while those 65+ were least likely (18%). By division, AFC South fans were most distracted (50% streaming while driving), while NFC South fans were least distracted (37%).
Root's 2024 driving behavior data indicates drivers with the worst distracted driving are 1.24 times more likely to have accidents than average. The company emphasizes safe driving practices and offers insurance pricing based on driving behavior.
Root Inc (NASDAQ: ROOT) has announced it will host a conference call on February 26, 2025 at 5:00 p.m. Eastern Time to discuss its fourth quarter and full year 2024 financial results. The company will release its financial results on the same day after market close through its investor relations website. The conference call will include a discussion of financial results and company operations updates.
Investors can access the call through toll-free (1-877-269-7751) or toll (1-201-389-0908) dial-in numbers. A webcast will be available on the company's investor relations page, with a replay accessible after the call.
Root Insurance (NASDAQ: ROOT) has announced its participation in the National Automobile Dealers Association (NADA) Show in New Orleans from January 23-26, 2025. As the largest auto insurtech in the country, Root aims to showcase its technology-driven insurance solutions that offer personalized pricing based on driving behavior.
At the event, Root's Business Development team will demonstrate their innovative solutions and partnership opportunities to automotive leaders and dealers. Jason Shapiro, Senior Vice President of Business Development, emphasized the company's mission to transform car insurance through customer-focused solutions.
Visitors to Root's booth will have opportunities to:
- Explore behavior-based pricing solutions
- Learn about customizable offerings for enhanced customer experiences
- Discover partnership opportunities for platform integration
The NADA Show serves as a premier automotive industry event, bringing together thousands of industry professionals to explore latest innovations and trends.
Root, Inc. (NASDAQ: ROOT), a technology company specializing in insurance solutions and parent of Root Insurance, has announced its participation in the 27th Annual ICR Conference scheduled for January 13-15, 2025, in Orlando, Florida.
Co-Founder and CEO Alex Timm will engage in a fireside chat on Monday, January 13, 2025, at 10:30 a.m. ET. The session will be accessible via live webcast through Root's Investor Relations website's Events section, with a replay available for a time afterward.
The ICR Conference serves as a platform for public and private company leaders, institutional investors, analysts, investment bankers, private equity professionals, and media representatives to discuss consumer trends and evaluate public company performance.
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