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 the parent company of Root Insurance, a technology-driven personal car insurance carrier based in Columbus, Ohio. This news page aggregates company announcements, press releases, and event updates related to Root’s insurance operations and its role as a technology company powering insurance solutions.
Readers can find coverage of Root’s participation in investor conferences, such as insurance and financial services events where the company meets with institutional investors and discusses its business. News items also highlight Root’s quarterly financial communications, including announcements of results for specific quarters that are accompanied by shareholder letters and earnings webcasts.
Operational updates feature prominently in Root’s news flow. For example, Root Insurance has announced geographic expansion, such as becoming available in Washington state and completing its West Coast footprint by serving drivers in Washington, Oregon, and California. These releases describe how Root applies mobile technology and data science to measure real driving behaviors and determine personalized car insurance rates.
Partnership announcements are another key category of news. Root has reported collaborations with tech-forward platforms like Kikoff, where Root’s insurance quoting and purchase experience is integrated directly into partner apps. Such news explains how Root’s data-driven pricing and mobile-first experience are extended to financially engaged users through embedded insurance offerings.
By following this page, investors and observers can review Root’s official communications on earnings announcements, investor events, state expansions, and technology partnerships that shape the company’s presence in the direct property and casualty insurance industry.
The No. 23 Root Insurance Toyota Camry will debut at the Toyota Owners 400 NASCAR Cup Series race on April 18, 2021, driven by Bubba Wallace. This event marks the first of three races where Root will sponsor the Camry as part of a partnership established in October 2020. Root Insurance supports Wallace's role as NASCAR's first full-time African-American driver and promotes a campaign underscoring progress and inclusion. Founded by Michael Jordan and Denny Hamlin, 23XI Racing aims to enhance diversity in the sport.
Root Insurance analyzed over 6.1 billion miles driven, revealing alarming trends in distracted driving during COVID-19. The data shows that the average American driver checked their phone every 5.5 miles in 2020. Notably, 64% of drivers admit to checking their phones while driving, a statistic that has increased from previous years. The survey indicates that 30% of drivers believe they can drive safely while using their phones, reflecting a dangerous disconnect between perception and reality. Root emphasizes the need for better policies to mitigate distracted driving risks as Americans return to the roads.
Root, Inc. (NASDAQ: ROOT) reported its financial results for Q4 and the fiscal year ending on December 31, 2020. While the detailed results are accessible via their investor relations website, the company emphasized its commitment to technological advancements and a fair pricing model in personal insurance. Root aims to enhance customer experience through its mobile-first approach, which aims to simplify insurance processes.
Root, Inc. (NASDAQ: ROOT) announces its participation in several upcoming conferences, including the Credit Suisse Financial Services Forum and the AIFA Conference 2021. Notably, presentations will occur on February 26 at 12:10 p.m., and on March 2 at 10:10 a.m., 4:00 p.m., and 5:00 p.m.. The Truist Securities Conference will take place on March 10 at 11:20 a.m.. Interested parties can access live webcasts through Root's Investor Relations website.
Root, Inc. (NASDAQ: ROOT) announced a conference call scheduled for February 25, 2021, at 5:00 p.m. ET to discuss the fourth quarter and fiscal year 2020 results. The financial results will be released on its investor relations website after market close on the same day. This call will provide insights into the company's performance and strategy. Root focuses on innovating personal insurance through a fair pricing model and a user-friendly mobile experience.
Root, Inc. (NASDAQ: ROOT) announced its participation in two upcoming investor conferences: the Citi 2021 Global TMT West Conference on January 7, 2021, at 3:00 p.m. EST, and the Goldman Sachs Technology and Internet Conference on January 12, 2021, at 6:10 p.m. EST. Investors can access live webcasts of these events on Root's Investor Relations website, with replays available afterward. Root is a technology-driven company focused on improving personal insurance through fairness and a modern customer experience.
Root, Inc. (NASDAQ: ROOT) announced a webcast titled “A Deeper Dive into the Data Science Expertise at Root Insurance,” co-hosted by CFO Dan Rosenthal and VP of Data Science Dr. Matt Bonakdarpour on December 17, 2020, at 12:00 p.m. ET. The event aims to showcase Root's data science capabilities in the insurance sector. Interested parties can access the live event via the Events section of Root’s Investor Relations website, with a replay available afterward. Root focuses on transforming personal insurance with a fairness-based pricing model and a modern customer-centric experience.
Root, Inc. (NASDAQ: ROOT) reported its financial results for Q3 2020. The results and management commentary are available on the company's investor relations website. A conference call to discuss these results is scheduled for December 1, 2020, at 5:00 p.m. ET, accessible via a dial-in or audio webcast. Root is focused on modernizing personal insurance with a technology-driven approach aimed at providing a fair pricing model and enhancing customer experience.
Root, Inc. (NASDAQ: ROOT) will host a conference call on December 1, 2020, at 5:00 p.m. ET to discuss its third quarter 2020 results. The earnings report will be made available on their investor relations website after market close on the same day. Interested parties can join the call via a dial-in number or through a webcast, with a replay accessible for 30 days post-call. Root aims to simplify personal insurance through a modern, tech-driven approach, focusing on fair pricing and customer experience.
Root, Inc. has priced its initial public offering (IPO) of 26,830,845 shares of Class A common stock at $27.00 per share. Of these, 24,249,330 shares are being offered by Root and 2,581,515 by existing stockholders. An additional option for underwriters to purchase 4,024,626 shares is available. Trading on Nasdaq under the symbol ROOT begins on October 28, 2020, with the IPO closing on October 30, 2020. Additionally, Dragoneer Investment Group and Silver Lake are set to acquire $500 million of stocks in private placements at the offering price.