Root, Inc. filings document the formal disclosures of a public car insurance technology company, including operating results, shareholder letters, Regulation FD investor materials, and governance matters in its proxy statement. The company's reports describe its auto insurance business, financial condition, industry commentary, executive compensation, equity awards, and stockholder voting items.
Material-event filings also cover capital-structure actions, including credit agreements, debt refinancing, guarantees, security interests, covenant packages, and limits tied to indebtedness, restricted payments, investments, asset sales, and risk-based capital requirements for U.S. insurance subsidiaries.
Root, Inc. (ROOT) reported that Chief Accounting Officer Ryan Forish had 294 shares of Class A common stock withheld on September 21, 2026 to satisfy tax withholding obligations from vesting restricted stock units. The shares were valued at about $49.78 per share, leaving him with 23,444 shares held directly. No Rule 10b5-1 trading plan is reported for this transaction.
Root, Inc. (ROOT) reported that Chief Accounting Officer Ryan Forish had 490 shares of Class A Common Stock withheld on September 15, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units. The shares were withheld by the company and Forish now directly holds 23,738 shares of Class A Common Stock.
Root, Inc. (ROOT) reported that major shareholder Carvana Group, LLC restructured its derivative holdings on August 31, 2026 through a Warrant Cancellation and Exchange Agreement with Root. Five previously issued long-term warrants were cancelled and exchanged for a new common stock purchase warrant, with multiple tranches subject to conditions including defined insurance sale milestones.
Root, Inc. (ROOT) received an updated ownership report from Carvana Group, LLC and its affiliates, reflecting their position mainly through preferred stock and restructured warrant holdings. The reporting persons may be deemed to beneficially own 780,727 shares of Class A Common Stock issuable upon conversion of 14,053,096 shares of Preferred Stock, representing about 5.4% of Root’s outstanding Class A shares, or 4.8% of total common stock on a fully diluted, as-converted basis.
On August 31, 2026, Carvana Group and Root entered into a Warrant Cancellation and Exchange Agreement, cancelling five existing long-term warrants (strike prices $180–$540, expiring September 1, 2027) and issuing a new common stock purchase warrant for up to 1,525,560 shares of Class A common stock in five tranches of 305,112 shares each, with exercise prices from $72.44 to $94.72 and an expiration of August 31, 2028. The new tranches are exercisable only upon achievement of specified insurance sales metrics through Carvana’s integrated platform, and no additional cash consideration was paid for this restructuring.
Root, Inc. (ROOT) restructured its equity and commercial arrangements with Carvana Group, LLC. Root cancelled all outstanding long-term warrants previously issued to Carvana and simultaneously issued a new Common Stock Purchase Warrant giving Carvana the opportunity to purchase up to 1,525,560 shares of Class A Common Stock, split into five independently exercisable tranches of 305,112 shares each. Each tranche is subject to defined conditions tied in part to insurance-sales milestones on the integrated automobile insurance solution offered through Carvana’s online platform.
On the same date, Root and Carvana entered into a Second Amendment to their Commercial Agreement to adjust the term, non-renewal notice, the definition of “Company Warrants,” and certain commercial and exclusivity terms. They also executed a Second Amendment to the Investment Agreement and a First Amendment to the Registration Rights Agreement to reflect the warrant restructuring. The new warrant was issued as an unregistered security under Section 4(a)(2) of the Securities Act, with Carvana representing that it is an accredited investor acquiring the warrant for investment purposes.
Root, Inc. (ROOT) reported that its Chief Financial Officer, Megan Binkley, made a bona fide gift of 1,523 shares of Class A Common Stock on 2026-08-21. The gift carried a reported per-share value of $0.00. After this disposition, Binkley’s directly held position is 112,317 shares.
Root, Inc. (ROOT) reported that Chief Accounting Officer Ryan Forish had 88 shares of Class A Common Stock withheld on 2026-08-21 to satisfy tax withholding obligations arising from the vesting of restricted stock units. After this withholding transaction, Forish directly holds 24,228 shares of Root common stock.
Root, Inc., a technology-focused auto and renters insurer, reported solid profitability for the quarter ended June 30, 2026. Total revenue was $389.2 million, with net premiums earned of $363.5 million and net income of $25.4 million, up from $22.0 million a year earlier. For the first six months, net income reached $61.3 million on revenue of $782.7 million.
Underwriting performance remained profitable: the net combined ratio was 92.1% for the quarter and 91.7% year-to-date, below 100%, while the gross combined ratio was 91.9%. Policies in force increased to 483,921, though premiums per policy declined. Root reduced its use of quota share reinsurance, retaining more premium and losses, and recorded favorable prior-year reserve development of $28.5 million for the half-year.
Liquidity shifted as cash, cash equivalents and restricted balances totaled $574.8 million at June 30, 2026, with investments rising to 517.1 million. The company refinanced its term debt with a new $200.0 million senior secured loan maturing in 2029 and began a $75.0 million share repurchase program, buying back 0.4 million Class A shares for $20.8 million year-to-date.
Root, Inc. reported results for the quarter ended June 30, 2026, with total revenues of $389.2 million and net income of $25.4 million, compared with $382.9 million and $22.0 million a year earlier. Adjusted EBITDA reached $43.8 million, and the net combined ratio was 92.1%, reflecting profitable underwriting.
Gross premiums written were $339.7 million and gross premiums earned were $368.1 million, while policies in force rose to 483,921 from 455,493. Partnership and independent agent channels generated about 51% of new writings, up from roughly 44% a year earlier. The company refinanced $200 million of debt into a new term loan facility, repurchased more than $20 million of shares under a $75 million authorization, and ended the quarter with $509.6 million of cash and cash equivalents plus $65.2 million of restricted cash.
BlackRock, Inc. reports beneficial ownership of Class A stock of Root, Inc. on an amended Schedule 13G. BlackRock and its reporting business units beneficially own 1,011,125 shares of Root Class A stock, representing 7.2% of the class.
BlackRock has sole voting power over 992,316 shares and sole dispositive power over all 1,011,125 shares, with no shared voting or dispositive power reported. Various underlying clients and investors have rights to dividends or sale proceeds, but no single person is reported to have more than 5% of Root’s outstanding common shares.