{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-004555","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.553862+00:00","generated_at":"2026-06-19T05:15:41.399713+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 Q4 gross loss ratio 77% (down from 94%); net loss improved 43% YoY; embedded new writings 41% of new writings","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-004555","json":"https://secwatch.observer/filing/0001628280-23-004555.json","markdown":"https://secwatch.observer/filing/0001628280-23-004555.md","text":"https://secwatch.observer/filing/0001628280-23-004555.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/0001628280-23-004555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/root-20230222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T05:15:41.399713+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":"62b739da955569db8ae43536228726b690968e25","claim":"Root, Inc. reported financial results for FY 2022.","evidence_excerpt":"announced its financial results for the fourth quarter and the full fiscal year ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/0001628280-23-004555-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b8129b105a8c5ed5443b74f230beef6e730a67d0","claim":"Root, Inc. reported Q4 2022 results: revenue $143 million.","evidence_excerpt":"Gross premiums earned decreased 25% to $143 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/0001628280-23-004555-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2022"},{"label":"Revenue","value":"$143 million"},{"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"}