Root, Inc. Stock Price, News & Analysis

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.

Root Insurance (NASDAQ: ROOT) has expanded its operations to Minnesota, making its technology-driven auto insurance services available to over 4 million registered drivers in the state. This expansion marks Root's presence in 35 states, covering more than 77% of the U.S. population.

The company's innovative approach uses smartphone technology to measure driving behaviors, making these the primary factor in determining insurance rates rather than traditional demographics. Through the Root mobile app, Minnesota drivers can sign up in under a minute and complete a test drive period where the app evaluates habits like focused driving, smooth braking, and gentle turning.

Root offers multiple access points for its services, partnering with tech-forward companies and independent insurance agents to serve Minnesota customers.

Root (NASDAQ: ROOT) announced its third quarter 2024 financial results. The company will host a conference call and earnings webcast on October 30, 2024, at 5:00 p.m. Eastern Time to discuss the results and provide operational updates. The financial results and management commentary are available through a shareholder letter on Root's investor relations website. An updated investor presentation is also accessible on ir.joinroot.com.

Root has successfully refinanced its term loan facility with BlackRock, reducing the principal amount from $300 million to $200 million. The new six-year term loan features improved terms, including an interest rate reduction of at least 300 basis points to 3-month term SOFR plus 600 basis points with performance-based step-downs. The company maintains $150 million of available capital under the amended facility. The refinancing is expected to reduce Root's interest expense by approximately 50% on a run-rate basis. The company will expense approximately $5.5 million of unamortized debt discount and issuance costs in Q4 related to the loan modification.

Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, has announced its plans to host a conference call to discuss financial results for the third quarter of 2024. The call is scheduled for Wednesday, October 30, 2024, at 5:00 p.m. Eastern Time. The company will release its third quarter results on the same day, after the close of financial markets, in the investor relations section of its website at ir.joinroot.com.

For those interested in participating, the conference call details are as follows:

• Participant Toll-Free Dial-In Number: 1 (877) 269-7751
• Participant Toll Dial-In Number: 1 (201) 389-0908
• Webcast: https://ir.joinroot.com/news-events/events

First Connect Insurance Services has partnered with Root Insurance, a subsidiary of Root, Inc. (NASDAQ: ROOT), to offer API-powered quote and bind capabilities to independent insurance agents. The collaboration introduces a streamlined process for accessing Root's standard and preferred auto insurance in California, with plans to expand to 25 additional states by October's end.

The new interface simplifies policy creation by automatically pulling driver and vehicle data, considering state minimums and previous coverages. Agents can work across devices without re-entering credentials. This partnership aims to enhance First Connect's platform, which provides independent agents access to over 100 carriers and MGAs across various insurance lines.

Root Insurance (NASDAQ: ROOT) and Goosehead Insurance (NASDAQ: GSHD) have announced a technology integration partnership aimed at revolutionizing the agent experience in insurance sales. This collaboration integrates Root's innovative offering with Goosehead's proprietary Quote to Issue (QTI) platform, reducing policy sales time by over 50%. The partnership enables Goosehead agents to sell Root's insurance products more efficiently than competitors, fulfilling their promise of delivering optimal coverage at the best price.

The integration guides agents through the entire process, including application, coverage customization, and payment, creating a fast, simplified, and transparent insurance experience. This collaboration addresses the long-standing lack of innovation in the agent experience and leverages the technological strengths of both companies to enhance the insurance-buying process for agents and clients alike.

Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, has released its 2024 second quarter financial results. The company's shareholder letter and updated investor presentation are now available on its investor relations website at ir.joinroot.com. Root will host a conference call and earnings webcast on August 7, 2024, at 5:00 p.m. Eastern Time to discuss the results and provide a company operations update. Interested parties can access the live audio webcast through the News & Events section of Root's Investor Relations website. For those unable to attend, a replay of the webcast will be made available for on-demand viewing after the call.