---
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"
generated_at: "2026-06-19T05:15:41.399713+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root Q4 gross loss ratio 77% (down from 94%); net loss improved 43% YoY; embedded new writings 41% of new writings

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1788882/000162828023004555/0001628280-23-004555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/root-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004555
- JSON: https://secwatch.observer/filing/0001628280-23-004555.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004555.txt

## Key facts
- Earnings Releases
  Root, Inc. reported financial results for FY 2022.
  - Period: FY 2022
  - Result: reported results
  source text: announced its financial results for the fourth quarter and the full fiscal year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/0001628280-23-004555-index.htm
- Earnings Releases
  Root, Inc. reported Q4 2022 results: revenue $143 million.
  - Period: Q4 2022
  - Revenue: $143 million
  - Result: reported results
  source text: Gross premiums earned decreased 25% to $143 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023004555/0001628280-23-004555-index.htm

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