---
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"
generated_at: "2026-06-22T01:46:20.500771+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root Q3 2022: loss ratio improves 14 pts to 79%; cuts headcount 20%, expects $50M annual savings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029230
- JSON: https://secwatch.observer/filing/0001628280-22-029230.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029230.txt

## Key facts
- Earnings Releases
  Root, Inc. reported financial results for the quarter ended September 30, 2022.
  - Period: the quarter ended September 30, 2022
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828022029230/0001628280-22-029230-index.htm

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