---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-003501"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:35:24.629440+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-003501
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000162828022003501/0001628280-22-003501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828022003501/root-20220223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-003501
- JSON: https://secwatch.observer/filing/0001628280-22-003501.json
- Plain text: https://secwatch.observer/filing/0001628280-22-003501.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.