{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-029230","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.127791+00:00","generated_at":"2026-06-22T01:46:20.500771+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Root Q3 2022: loss ratio improves 14 pts to 79%; cuts headcount 20%, expects $50M annual savings","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-029230","json":"https://secwatch.observer/filing/0001628280-22-029230.json","markdown":"https://secwatch.observer/filing/0001628280-22-029230.md","text":"https://secwatch.observer/filing/0001628280-22-029230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828022029230/0001628280-22-029230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828022029230/root-20221109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:46:20.500771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4183aad0d54889cb9f7c3a9a5ed8f472da5edcb8","claim":"Root, Inc. reported financial results for the quarter ended September 30, 2022.","evidence_excerpt":"On November 9, 2022, Root, Inc. (the \"Company\") announced its financial results for the quarter ended September 30, 2022 by issuing a letter to Shareholders (the \"Letter\").","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828022029230/0001628280-22-029230-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}