{"filings":[{"id":2078808,"accession_number":"0001788882-26-000060","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-08-05T20:05:55+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q2 net income $25M (+15% YoY), revenue $389M, policies up 6% to 484K","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $25M (+15% YoY); adjusted EBITDA $44M (+16% YoY).","Revenue $389M (+2% YoY); gross written premium $340M (-2% YoY).","Policies in force 484K (+6% YoY); net combined ratio 92.1%.","Repurchased >$20M shares under $75M authorization; refinanced $200M debt.","Launched in New Jersey; partnership with Jerry; next-gen pricing model expected Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":917998,"accession_number":"0001788882-26-000049","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-06-08T20:03:00+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Root stockholders approve officer exculpation amendment to certificate of incorporation","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Amendment to certificate to eliminate monetary liability for certain officers under Delaware law, effective June 4, 2026.","Votes: 22,990,364 for, 3,404,961 against, 15,288 abstentions, 3,605,582 broker non-votes.","All three Class III directors elected: Hilsheimer (24.5M for), Timm (25.5M for), Ulman (23.8M for).","Advisory vote on executive compensation approved (22.6M for); Deloitte ratified as auditor for 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95470,"accession_number":"0001788882-26-000046","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["1.01","1.02","2.02","2.03","7.01","9.01"],"status":"ready","headline":"Root Q1 net income $36M, record profitability; refinances debt, authorizes $75M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 net income of $36M (nearly doubled YoY); operating income $41M, adjusted EBITDA $57M.","Net combined ratio improved 4.2 pts to 91.4%; policies in force up 9% YoY to 200K+.","Refinanced $200M term loan at SOFR+3.25% (~225 bps reduction), saving ~$4.5M/year in interest.","Board authorized $75M share repurchase program; one-time Q2 charge of ~$4.8M for debt extinguishment.","Partnership new writings grew ~30% YoY; geographic expansion on track for NJ launch in 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":2.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":393500000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108576,"accession_number":"0001788882-26-000013","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root reports FY 2025 net income of $40M; revenue up 29% to $1.5B; announces Toyota data partnership","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2025 revenue $1.5B (+29% YoY); net income $40M (+$9M YoY); adjusted EBITDA $132M.","Q4 2025 gross premiums written $362M; gross premiums earned $377M; net income $5M.","Policies in force growth in Q4 more than doubled the pace of Q4 2024.","New data partnership with Toyota affiliate CAS: owners of connected Toyotas can share driving data for instant Root quote.","Latest pricing model increased estimated average customer LTV by 20%."],"consensus_eps_estimate":null,"consensus_eps_actual":2.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":1517100000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125020,"accession_number":"0001788882-25-000047","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q3 net loss $5M on $17M warrant charge; revenue +27%, gross loss ratio 59%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue grew 27% YoY; net earned premium +29%; independent agent new writings tripled.","Gross loss ratio of 59% (below 60-65% target); UBI model 10% more predictive.","Net loss of $5M (vs net income of $23M a year ago) includes $17M non-cash Carvana warrant expense.","Adjusted EBITDA $34M, down $8M YoY; unencumbered capital $309M; expanded to Washington (36 states)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":1120100000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141710,"accession_number":"0001788882-25-000030","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q2 net income $22M, revenue $371M (+21% YoY); gross combined ratio improves to 94%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $22M vs ($8M) YoY; adjusted EBITDA $38M, +$26M YoY.","Gross earned premium $371M, +21% YoY; policies in force 455,493, +12% YoY.","Gross combined ratio 94%, improved 6 pts; gross loss ratio 58%.","Partnership channel new writings nearly tripled YoY; new pricing model boosts customer lifetime values ~20%.","Expect Q3 non-cash warrant expense of $16-18M related to Carvana agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":2.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":732300000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159612,"accession_number":"0001788882-25-000010","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Root stockholders elect DeVard and Kramer as directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Jerri DeVard elected as Class II director with 29,029,141 votes for (1,556,216 against).","Nancy Kramer elected as Class II director with 29,973,381 votes for (614,214 against).","Ratification of Deloitte & Touche as independent auditor for 2025: 34,070,397 for, 75,296 against.","Advisory vote on named executive officer compensation approved: 28,243,200 for, 2,313,897 against.","All proposals passed; broker non-votes of 3,574,162 on director elections and say-on-pay."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159611,"accession_number":"0001628280-25-023144","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q1 2025 net income $18M, adjusted EBITDA $32M, gross premiums +24% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $18M, up $25M YoY; net combined ratio 96% (improved 6 points).","Gross premiums written +24% YoY; gross loss/LAE ratio improved 8 pts to 63%.","Adjusted EBITDA $32M, operating income $24M. Unencumbered capital $347M.","New partnerships with Hyundai Capital America and Experian; pending Michigan filing.","Q1 seasonally strong; company warns pace may not persist for rest of 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":349400000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177978,"accession_number":"0001628280-25-008125","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root reports first profitable year with FY 2024 net income of $31M; gross combined ratio 94.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2024 net income $31M (vs. loss $147M in 2023); adjusted EBITDA $112M.","Gross premiums written $1.3B (+66% YoY); policies in force up 21% to 414,862.","Gross combined ratio improved 22 pts to 94.7%; gross loss ratio 58.9%.","Q4 net income $22M (vs. loss $24M Q4 2023); adjusted EBITDA $43M.","Debt refinance in Oct 2024 expected to cut interest expense ~50% on run-rate basis."],"consensus_eps_estimate":null,"consensus_eps_actual":1.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":1176500000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194677,"accession_number":"0001628280-24-048094","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-11-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Root grants performance-based RSUs to executives tied to 2025 adjusted EBITDA and new writings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Alexander Timm granted 73,805 PSUs; CFO Megan Binkley 37,577; President/CTO Matt Bonakdarpour 66,207; CAO Jonathan Allison 35,790.","PSUs vest based on achievement of 2025 adjusted EBITDA and new policies written goals, with up to 200% payout.","After performance certification, 25% of earned units vest, with remaining 75% vesting annually over three years, subject to continued service.","In a Change in Control, performance period shortens and PSUs vest at greater of target or prorated actual achievement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194676,"accession_number":"0001628280-24-044306","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root posts first-ever net income of $23M in Q3; refinances debt with BlackRock","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $23M vs loss of $46M YoY; adjusted EBITDA of $42M.","Gross premiums written up 48% to $332M; policies in force up 57% to 407,313.","Gross combined ratio improved 30 pts to 89.2%; net combined ratio improved 52 pts to 91.1%.","Refinanced term loan to $200M at SOFR+600bps (down 300bps+); expects ~50% lower interest.","Expects ~$5.5M Q4 charge from unamortized debt costs tied to loan extinguishment."],"consensus_eps_estimate":null,"consensus_eps_actual":0.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":849800000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210975,"accession_number":"0001628280-24-035599","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q2 2024 gross premiums earned $308M (+134% YoY); net loss improved 79% to $8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Policies-in-force nearly doubled to 406,283; gross premiums written rose 113% to $308M.","Net loss improved 79% to $8M; operating income of $4M, adjusted EBITDA $12M.","Gross accident period loss ratio improved 2 pts to 62.4%; gross combined ratio 99.9%.","Reinsurance cession rate cut 36 pts to 15%; unencumbered capital $447M; operating cash flow positive for 4th consecutive quarter.","Targeting near-term net income profitability; competition increased but data-science marketing optimization performed as designed."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":544100000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229452,"accession_number":"0001628280-24-027401","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Root stockholders elect three Class I directors, ratify Deloitte as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Beth Birnbaum elected with 38.7M votes for (0.7M against); Donna Dorsey 39.4M for; Julie Szudarek 39.0M for.","Ratification of Deloitte & Touche LLP as independent auditor for FY2024: 42.8M for, 12,208 against.","Advisory approval of named executive officer compensation: 38.3M for, 1.1M against, 3.3M broker non-votes.","Meeting held June 5, 2024; each director serves until 2027 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229451,"accession_number":"0001628280-24-025674","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-05-30T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Root corrects classification of $10.6M tax liability from expense to equity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approximately $10.6M in payroll tax withholding for RSU/PSU vesting will be recorded as Additional paid-in capital, not Operating expense.","Correction applies to Q2 2024 vesting and does not affect cash flows or total equity.","Prior guidance on Q1 2024 earnings call had indicated the amount would be an operating expense; now revised.","Classification change impacts Condensed Consolidated Balance Sheets and Statements of Equity.","No change to total net worth; purely a reclassification between equity and expense line items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229450,"accession_number":"0001628280-24-019342","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root achieves first operating income of $5M in Q1 2024; policies up 101%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross combined ratio improved 23 pts YoY to 99.7%; net combined ratio improved 59 pts to 102%.","Net loss improved 85% to $6M; positive adjusted EBITDA of $15M, up $26M YoY.","Policies-in-force grew 101% to 401,255; gross premiums written up 146% to $331M.","Direct channel new writings dipped late Q1 due to competition; partnership nearly doubled new writings YoY.","Unencumbered capital $483M; expects ~$10.6M cash expense from equity vesting in Q2 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":254900000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229449,"accession_number":"0001628280-24-016427","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root appoints Ryan Forish as Chief Accounting Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ryan Forish, 41, appointed CAO effective April 15, 2024; will serve as principal accounting officer.","Forish previously VP of Accounting at Root since Dec 2023; prior roles at Kemper, Loop Mobility, Nationwide.","CFO Megan Binkley remains principal financial officer; no family or related-party transactions involved.","Forish will receive base salary, participate in annual short-term incentive, and be eligible for future equity awards determined by Compensation Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229448,"accession_number":"0001628280-24-014633","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Root files investor presentation; no specific financial details disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation furnished as Exhibit 99.1; titled 'Meet Root 2024 Company Overview'.","Presentation contains financial highlights and industry information; exact metrics not provided in filing.","No material events, earnings, guidance, or corporate changes announced in this 8-K.","Presentation available on company website; filing is a routine Regulation FD disclosure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248001,"accession_number":"0001628280-24-005899","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q4 net loss narrowed 59% to $24M; gross earned premiums up 50%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 operating loss $12M (improved 74% YoY); adjusted EBITDA loss $0.3M (improved 99% YoY).","Gross premiums earned $214M (+50% YoY); policies-in-force 341,764 (+55% YoY).","Gross accident period loss ratio 66%, 11-point improvement; net combined ratio 112% (68-point improvement).","Full-year net loss $147M (-50% YoY); unencumbered capital $507M, cash consumption $52M vs $179M in 2022.","Management states scale achieved; could achieve near-term profitability if marketing spend reduced."],"consensus_eps_estimate":null,"consensus_eps_actual":-10.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":455000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265459,"accession_number":"0001628280-23-035963","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q3 net loss narrows 31% to $46M; new writings surge 376% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross accident period loss ratio improved to 68.0% from 79% in Q3 2022 (11-point improvement).","New writings up 141% QoQ and 376% YoY; policies in force grew 27% QoQ and 2% YoY.","Net loss improved 31% to $46M; adjusted EBITDA loss improved 58% to $19M.","Unencumbered capital at $502M; expect quota share cessions below 25% in 2024 (from >70% peak).","New pricing model boosts predictive power 17%; new telematics model improves 12%."],"consensus_eps_estimate":null,"consensus_eps_actual":-8.57,"consensus_revenue_estimate":null,"consensus_revenue_actual":260200000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265458,"accession_number":"0001628280-23-035296","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-10-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Root elects Donna Dorsey of Navistar to Board as Class I director; adopts director compensation policy","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Donna Dorsey, EVP and Chief People Officer of Navistar, elected to Root's Board as Class I director, term through 2024 annual meeting.","Ms. Dorsey will serve on the Board's Compensation Committee.","Board adopted updated Non-Employee Director Compensation Policy effective August 16, 2023, with annual cash retainers up to $85,000 and equity awards up to $175,000.","Policy sets committee chair retainers: Audit $20,000, Compensation $15,000, Nominating/Governance and Strategy $10,000 each."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282664,"accession_number":"0001628280-23-029070","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-08-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Root grants CEO 97,239 RSUs/209,896 PSUs, CTO $750K retention","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Comp committee replaced annual LTI with four-year RSU/PSU grants for CEO, CFO, and CTO, effective Aug 9, 2023.","CEO Timm: 97,239 RSUs & 209,896 PSUs; CFO Binkley: 70,904 RSUs & 15,922 PSUs; CTO Bonakdarpour: 72,316 RSUs & 143,476 PSUs.","CTO Bonakdarpour also gets $750,000 cash retention in Aug 2023, repayable if he leaves before Aug 9, 2025.","Clawback schedule: 100% if termination before Aug 9, 2024; 50% if Aug 10, 2024–Feb 9, 2025; 25% if Feb 10–Aug 9, 2025.","PSUs vest based on time (4-year tranches) and stock price goals; unvested units forfeited upon termination per employment agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282663,"accession_number":"0001628280-23-026749","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q2 net loss narrows 62% to $37M; loss ratio improves 17 pts to 68%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross premiums written +3% to $145M; new writings grew 65% over Q1 2023.","Gross accident period loss ratio improved 17 pts YoY to 68%; gross combined ratio improved 34 pts to 118%.","Adjusted EBITDA loss improved 81% to $12M; net loss $37M vs $97M a year ago.","Unencumbered capital $520M; expect higher cash burn in H2 but significantly lower than 2022.","Launched new segmentation model 17% more predictive; embedded partner Carvana adoption tripled."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":144900000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301932,"accession_number":"0001628280-23-021656","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-06-09T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Root stockholders elect all three Class III director nominees, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Alexander Timm (37.6M for), Lawrence Hilsheimer (37.5M for), Douglas Ulman (37.4M for) re-elected as Class III directors.","Deloitte & Touche LLP ratified as independent auditor for FY2023 with 41.4M votes for, 102K against.","Advisory vote on named executive officer compensation passed with 35.8M for, 1.1M against, 842K abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301931,"accession_number":"0001628280-23-018219","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-05-15T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Root promotes Megan Binkley to CFO, Jon Allison to CAO; hires Jason Shapiro for business development","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Megan Binkley named CFO effective May 12, 2023; previously interim CFO since March 1, 2023.","Binkley's annual base salary increased to $425,000; target annual incentive of 75% of base salary.","Jon Allison promoted to CAO; will oversee legal, HR, claims, and customer service.","Jason Shapiro joins as SVP of Business Development from ForeverCar (president) to expand embedded platform.","All promotions and hires are effective immediately; Binkley also continues as principal accounting officer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301930,"accession_number":"0001628280-23-015207","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q1 loss ratio improves to 69%; net loss narrows 47% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross premiums written $135M (-28% YoY); gross earned $130M (-26% YoY).","Gross accident period loss ratio improved 13 pts to 69% via pricing and segmentation.","Net loss improved 47% ($37M reduction); adjusted EBITDA up 78% ($41M reduction).","New writings grew 25% QoQ; renewal premium 79% of gross premiums earned.","Ended Q1 with $524M unencumbered capital; announced third embedded partnership."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":70100000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321669,"accession_number":"0001628280-23-005851","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-03-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Root Inc. terminates CFO Robert Bateman for cause; names Megan Binkley interim CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert Bateman terminated for cause as CFO and Treasurer on March 1, 2023, for violation of company policies; no severance.","Megan Binkley appointed interim CFO and Treasurer, effective immediately; previously Deputy CFO and Chief Accounting Officer.","Bateman's termination not related to financial or operating results or disagreements on reporting practices.","Binkley's employment agreement includes base salary $278,100, annual bonus up to 50%, and RSU grants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321668,"accession_number":"0001628280-23-004555","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2023-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q4 gross loss ratio 77% (down from 94%); net loss improved 43% YoY; embedded new writings 41% of new writings","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 gross accident period loss ratio 77%, down from 94% in Q4 2021.","Net loss improved 43% YoY; adjusted EBITDA improved 58% YoY.","Fixed expenses reduced to $123M run rate from $197M in 2021, a 38% reduction.","Embedded new writings grew to 41% of new writings in Q4, up from 3% in Q4 2021.","Ended 2022 with $559M unencumbered capital; expect to significantly reduce operating capital consumption in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-21.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":310800000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":339765,"accession_number":"0001193125-22-315499","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-12-30T23:59:59+00:00","items":["2.06","8.01"],"status":"ready","headline":"Root Inc. internal investigation finds $9.5M in fraudulent payments by former employee; expects $9.1M write-off","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Former senior marketing employee directed at least $9.5M in payments to a vendor without disclosure; $0.4M already expensed.","Company expects to write off $9.1M recognized as prepaid expense as of Sept 30, 2022.","Investigation ongoing; may uncover further fraudulent transactions with other vendors.","Audit committee engaged outside counsel; DOJ and SEC voluntarily notified; cooperation expected.","Company will pursue recovery and cooperate with law enforcement; no estimate of further impact yet."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":339764,"accession_number":"0001628280-22-030747","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-11-23T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root director Nick Shalek resigns from board effective immediately","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Nick Shalek resigned from Root's Board and Compensation Committee effective Nov 23, 2022.","Shalek had served on the board since 2017 and is a General Partner at Ribbit Capital.","Resignation is to allow him to focus on other Ribbit Capital investments.","No replacement named at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":339763,"accession_number":"0001628280-22-029230","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-11-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q3 2022: loss ratio improves 14 pts to 79%; cuts headcount 20%, expects $50M annual savings","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross written premium down 26% to $151M; gross earned premium down 18% to $155M.","Gross accident period loss ratio improved 14 points to 79% vs Q3 2021 on pricing actions.","Reduced headcount ~20%; expects $50M in annual run-rate expense reductions.","Operating cash burn cut by over $200M YoY; net loss improved 52%, adjusted EBITDA 62%.","Embedded premium from Carvana grew >200% YTD; 38% of new policies from Carvana in Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":-16.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":239500000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":357089,"accession_number":"0001788882-22-000026","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-08-15T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"Root, Inc. effects 1-for-18 reverse stock split; trading begins August 15 on split-adjusted basis","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split of Class A and Class B common stock at 1-for-18 ratio, effective August 12, 2022.","Class A common stock begins trading split-adjusted on Nasdaq on August 15 under symbol ROOT with new CUSIP 77664L207.","Number of shares registered under SEC registration statements proportionately reduced.","Anti-dilution adjustments made to equity plans, ESPP, outstanding awards, Series A convertible preferred, and warrants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":357088,"accession_number":"0001788882-22-000024","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q2 2022: Gross written premium falls 21% to $140M; loss ratio improves to 85%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross written premium fell 21% to $140M; gross earned premium down 5% to $171M.","Net loss improved 50% YoY to $89M; adjusted EBITDA improved 59% YoY.","Gross accident period loss ratio improved 5 pts to 85% from 90% in Q2 2021.","Unencumbered capital $696M (down $40M from Q1); cash burn down 54% in H1 vs H1 2021.","Carvana new premium 31% of new business; V2 embedded product launched in July 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.66,"consensus_revenue_estimate":null,"consensus_revenue_actual":165800000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":357087,"accession_number":"0001788882-22-000023","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-07-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root appoints Julie Szudarek to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Julie Szudarek, CEO of Atida (European online pharmacy), elected as Class I director effective July 1, 2022.","Term expires at the 2024 Annual Meeting; will serve on Audit, Risk and Finance Committee.","Will participate in standard non-employee director compensation policy.","No arrangements or material interests in reportable transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375650,"accession_number":"0001788882-22-000022","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-06-10T23:59:59+00:00","items":["5.02","5.07"],"status":"ready","headline":"Root shareholders approve reverse stock split; director Luis von Ahn departs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Luis von Ahn not renominated; his term as director expired June 7, 2022.","Stockholders elected Jerri DeVard, Nancy Kramer, and Scott Maw as Class II directors.","Ratified Deloitte & Touche as independent auditor for 2022 with 805.1M votes for.","Advisory say-on-pay approved (751.4M for); future votes every year.","Approved reverse stock split of Class A and B common stock with 796.4M votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375649,"accession_number":"0001788882-22-000021","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-05-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root director Elliot Geidt resigns from board, effective May 9, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Elliot Geidt, Managing Director of Redpoint Ventures, resigned from board and Audit, Risk and Finance Committee.","Geidt had served on Root's board since 2018; resignation is immediate.","Resignation to allow Geidt to focus on other Redpoint portfolio investments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375648,"accession_number":"0001788882-22-000016","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-04-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root, Inc. reports Q1 2022: GWP -8%, gross loss $(12)M, loss ratio improves to 81%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross written premium $187M, down 8% YoY; 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$4.3M expected in cash expenditures.","Expects real estate exit costs of approx. $2.4M from accelerated amortization of right-of-use assets and leasehold improvements.","Company continues to review potential additional restructuring costs; further amendments may follow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393985,"accession_number":"0001628280-22-003501","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-02-23T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q4 2021: gross profit -$23M, loss ratio ~90%; cuts marketing 62%, expects H1 GWP decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross written premium +9% to $158M; gross earned premium +22% to $189M.","Gross profit -$23M vs -$6M in Q4 2020; loss ratio ~90% well above 65% goal.","Reduced direct operating loss to $92M in Q4 from $172M in Q2; cut marketing 62%.","Expects ~25% operating loss improvement in H1 2022 before restructuring; GWP to decline YoY.","Matt Bonakdarpour appointed CTO; CPO Hemal Shah to resign effective March 18."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":345400000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393984,"accession_number":"0001788882-22-000009","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-01-27T23:59:59+00:00","items":["2.03","1.01","9.01","7.01"],"status":"ready","headline":"Root, Inc. closes $300M term loan, net proceeds ~$285M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Received $300M principal under Term Loan Agreement; net proceeds ~$285M after fees and expenses.","Borrower is subsidiary Caret Holdings, Inc.; loan dated January 26, 2022 and funded January 27, 2022.","Loan agreement previously filed as Exhibit 10.1 to prior 8-K on January 27, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393983,"accession_number":"0001193125-22-018949","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-01-27T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Root closes $300M term loan with BlackRock, issues warrants for 2% of diluted shares","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Five-year $300M term loan at SOFR + 9%, secured by substantially all assets of Root and subsidiaries.","Warrants issued to BlackRock for 2% of fully diluted shares at $9.00 per share, expiring upon loan maturity or full repayment.","BlackRock receives board observation rights; loan matures January 27, 2027.","Proceeds enhance liquidity and extend debt maturity; CEO cites long-term partnership and strategy execution."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393982,"accession_number":"0001788882-22-000006","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-01-20T23:59:59+00:00","items":["2.05","7.01","9.01"],"status":"ready","headline":"Root lays off 330 employees (20% workforce) due to inflation-driven loss cost increases","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approximately 330 employees (20% of workforce) involuntarily terminated, mostly in claims and sales departments.","Expects Q1 2022 charges of $7M-$8M for severance and benefits; 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Q4 2021 earnings call on Feb 24, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393981,"accession_number":"0001788882-22-000002","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2022-01-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root terminates advisor agreement with former CTO Daniel Manges effective Jan 1, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Company terminated the Advisor Agreement with former CTO Daniel Manges on January 1, 2022.","The Advisor Agreement had been in effect since July 3, 2021, following Manges' departure as CTO.","No replacement advisor or new arrangement was disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":412531,"accession_number":"0001788882-21-000085","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2021-11-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Chris Olsen resigns from Root board, effective November 18, 2021","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Olsen had served on the board since 2016 and on the Nominating and Governance Committee.","He is Co-Founder and Partner of Drive Capital, an early investor in Root.","Resignation allows him to focus on other Drive Capital investments.","No replacement named as of the filing date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":412530,"accession_number":"0001788882-21-000080","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2021-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q3 2021: Gross profit loss of $16.1M; loss ratio worsens to 91.3%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross written premium rose 24% YoY to $204.6M; gross earned premium up 23% to $189.4M.","Gross profit turned to a $16.1M loss from +$0.7M a year ago; gross accident period loss ratio 91.3% vs 79.6%.","Sales and marketing spend cut 40% QoQ; operating loss improved $45M QoQ.","Repaid term loans A and B; signed exclusive term sheet with BlackRock for larger, longer-maturity facility.","Dan Rosenthal now oversees CRO, COO, and CFO duties; CFO search initiated."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.65,"consensus_revenue_estimate":null,"consensus_revenue_actual":252200000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":412529,"accession_number":"0001788882-21-000071","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2021-10-20T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"CTO Anirban Kundu to resign effective Oct 29, 2021; 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Root exclusive for auto insurance on Carvana platform.","Carvana gets right to appoint Ernest Garcia III to Root's board of directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":431228,"accession_number":"0001788882-21-000066","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2021-09-21T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Root appoints CFO Daniel Rosenthal as Chief Revenue and Operating Officer; search for new CFO begins","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel Rosenthal appointed Chief Revenue and Operating Officer effective Sept 20, 2021, while remaining CFO.","Rosenthal will oversee performance marketing, growth, corporate strategy, business development, insurance, underwriting and pricing.","Root initiates search for a new CFO; Rosenthal will continue as CFO during the transition.","Rosenthal previously co-founded Milestone Aviation Group and held leadership roles at GECAS and NetJets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":431227,"accession_number":"0000950123-21-010425","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2021-08-12T23:59:59+00:00","items":["1.01","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Root enters $126M strategic investment and exclusive 5-year partnership with Carvana for integrated auto insurance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Carvana invests $126M in Root via convertible preferred at $9.00/sh, convertible into ~14M Class A shares (~5% fully diluted).","Carvana receives warrants for up to 129M shares (29.9% fully diluted) tied to performance milestones of the integrated platform.","Exclusive 5-year commercial agreement to develop integrated auto insurance solution for Carvana's online car buying platform.","Carvana CEO Ernie Garcia III to join Root board; closing expected within 45-60 days, subject to HSR and other conditions.","Root expects partnership to materially lower customer acquisition costs and increase GWP growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2021-08-12T23:59:59+00:00|431227"}