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.
Root, Inc. (NASDAQ: ROOT) has announced its new 'work where it works best' approach to enhance employee flexibility and productivity. With a focus on the what, who, and why of work, the company is exploring regional office spaces based on employee feedback while maintaining its headquarters in Columbus, Ohio. The initiative aims to create a more inclusive workspace for employees, whether they choose to work from home or in the office. Root emphasizes the importance of employee voices in shaping its work culture and is committed to evolving its workspace experience accordingly.
Root, Inc. (NASDAQ: ROOT) announced its third quarter financial results for the period ended September 30, 2021. The detailed report and management commentary are accessible via the company’s investor relations website. A conference call is scheduled for November 11, 2021, at 8:00 a.m. Eastern Time to discuss these results and operational updates.
The company focuses on transforming personal insurance through technology, emphasizing a fair pricing model and a modern customer experience.
Root, Inc. (NASDAQ: ROOT) announced a conference call on November 11, 2021, at 8:00 a.m. ET to discuss its third quarter 2021 financial results, which will be released post-market on November 10, 2021. The company will shift its premium reporting from 'direct' to 'gross' due to a new fronting arrangement with a Texas county mutual insurance company. This change is expected to enhance underwriting flexibility and profitability without affecting historical results.
Summary not available.
Root, Inc. has appointed Daniel Rosenthal as the Chief Revenue and Operating Officer, continuing his duties as Chief Financial Officer. This new role will focus on driving revenue and enhancing operations within the company. Rosenthal will oversee various functions, including performance marketing, corporate strategy, and insurance management. His leadership experience is expected to benefit Root as it expands its customer engagement strategies. Rosenthal has been integral in Root's funding initiatives, including its IPO in October 2020.
Root, Inc. commemorates the first anniversary of its Drop the Score campaign aimed at eliminating credit discrimination in auto insurance. This milestone coincides with the NAIC's investigation into discriminatory industry practices. The campaign highlights that credit scores disproportionately affect minorities, citing that 54% of Black Americans and 41% of Hispanic Americans have poor or no credit. Root advocates for a system where premiums are based on driving behavior, leveraging AI technology to offer fair rates. Legislative reforms have been initiated in several states, impacting over 30 million drivers.
Root, Inc. (NASDAQ: ROOT) announced its financial results for Q2 2021, ending June 30. The company, known for revolutionizing personal insurance, emphasizes a pricing model based on fairness. Investors can access detailed results and management commentary on its investor relations website.
The company will hold a conference call on August 12 at 8:00 a.m. ET to discuss these results and provide operational updates. Relevant details, including dial-in numbers and access to a live webcast, are also available on the website.
Carvana (CVNA) and Root, Inc. (ROOT) have announced a strategic partnership to develop integrated auto insurance solutions on Carvana's platform. Carvana will invest approximately $126 million in Root through convertible preferred securities, converting at $9.00 per share for about 14 million shares. This partnership aims to enhance customer experience by seamlessly integrating insurance with car purchases. The investment provides Carvana approximately 5% ownership in Root, underlining a strong commitment to improving customer service and driving policyholder growth.
Root, Inc. (NASDAQ: ROOT) announced a conference call scheduled for August 12, 2021, at 8:00 a.m. ET to discuss its Q2 2021 financial results. The results will be available on their investor relations website after the market closes on August 11, 2021. Interested parties can join via a dial-in number or webcast. The conference ID for the call is 50201367. Root, a technology-focused insurance company, aims to provide a fair pricing model and a simple customer experience through its mobile platform.
Root, Inc. (NASDAQ: ROOT) has announced that Washington State has removed credit scores from its car insurance rating system. This change is expected to affect 5.9 million drivers in Washington, allowing for more equitable pricing practices. Root has long advocated for eliminating credit-based pricing, which it believes limits economic advancement for many drivers. The company plans to offer car insurance in Washington later this year, leveraging its telematics-based approach to provide fair rates based on driving behavior.
FAQ
What is the current stock price of Root (ROOT)?
What is the market cap of Root (ROOT)?
