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Root, Inc. Announces Fourth Quarter and Fiscal 2020 Results

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Rhea-AI Summary

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.

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News Market Reaction 1 Alert

-17.84% News Effect

On the day this news was published, ROOT declined 17.84%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and fiscal year ended December 31, 2020. Root’s fourth quarter and fiscal year 2020 financial 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 will host a conference call and earnings webcast to discuss the results today at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the Events section of Root’s Investor Relations website at ir.joinroot.com. A replay will be available on the same website following the call.

Webcast and Conference Call Details

Date:February 25, 2021 
Time:5:00 p.m. Eastern Time 
Dial-in:(833) 665-0682 (US and Canada) 
 (929) 517-0176 (International) 
   
Conference ID:5354739 
Webcast:https://ir.joinroot.com/news-events/events

About Root, Inc.

Root, Inc. is the parent company of Root Insurance Company. Root is a technology company revolutionizing personal insurance with a pricing model based upon fairness and a modern customer experience. Root’s modern, mobile-first customer experience is designed to make insurance simple.

Contacts

Media:

Tom Kuhn
Director of Communications
press@joinroot.com

Investor Relations:

Joe Laroche
Director of Investor Relations
The Blueshirt Group, for Root Insurance Company
Chris Mammone
ir@joinroot.com

Source: ROOT, INC.


FAQ

What were the financial results for Root, Inc. for Q4 2020?

The financial results for Q4 2020 can be found in the shareholder letter on Root's investor relations website.

When will Root, Inc. discuss its fiscal year 2020 financial results?

Root will host a conference call and earnings webcast on February 25, 2021, at 5:00 p.m. Eastern Time.

How can I access the earnings webcast for Root, Inc.?

The earnings webcast can be accessed through the Events section on Root's investor relations website.

What is Root, Inc. known for?

Root, Inc. is known for revolutionizing personal insurance with a pricing model based on fairness and a modern customer experience.
Root, Inc.

NASDAQ:ROOT

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ROOT Stock Data

1.30B
12.72M
5.85%
64.48%
11.33%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States
COLUMBUS