Root Q4 2021: gross profit -$23M, loss ratio ~90%; cuts marketing 62%, expects H1 GWP decline

Root, Inc.

2021-FY EPS reported -$2.09 revenue$345,400,000

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.