---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015207"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:26:43.330680+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root Q1 loss ratio improves to 69%; net loss narrows 47% YoY

## Summary
- Gross premiums written $135M (-28% YoY); gross earned $130M (-26% YoY).
- Gross accident period loss ratio improved 13 pts to 69% via pricing and segmentation.
- Net loss improved 47% ($37M reduction); adjusted EBITDA up 78% ($41M reduction).
- New writings grew 25% QoQ; renewal premium 79% of gross premiums earned.
- Ended Q1 with $524M unencumbered capital; announced third embedded partnership.

## SEC filing metadata
- accession: 0001628280-23-015207
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2023-05-03T23:59:59+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/1788882/000162828023015207/0001628280-23-015207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828023015207/root-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015207
- JSON: https://secwatch.observer/filing/0001628280-23-015207.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015207.txt

## Key facts
- Earnings Releases
  Root, Inc. reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, Root, Inc. (the "Company") announced its financial results for the quarter ended March 31, 2023 by issuing a letter to Shareholders (the "Letter").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023015207/0001628280-23-015207-index.htm

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