{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-026749","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.251786+00:00","generated_at":"2026-06-12T14:24:23.409627+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Root Q2 net loss narrows 62% to $37M; loss ratio improves 17 pts to 68%","bullets":["Gross premiums written +3% to $145M; new writings grew 65% over Q1 2023.","Gross accident period loss ratio improved 17 pts YoY to 68%; gross combined ratio improved 34 pts to 118%.","Adjusted EBITDA loss improved 81% to $12M; net loss $37M vs $97M a year ago.","Unencumbered capital $520M; expect higher cash burn in H2 but significantly lower than 2022.","Launched new segmentation model 17% more predictive; embedded partner Carvana adoption tripled."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-026749","json":"https://secwatch.observer/filing/0001628280-23-026749.json","markdown":"https://secwatch.observer/filing/0001628280-23-026749.md","text":"https://secwatch.observer/filing/0001628280-23-026749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023026749/0001628280-23-026749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023026749/root-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:24:23.409627+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":"c636318bcaa440f0d91ae60365b285171ed0266b","claim":"Root, Inc. reported Q2 2023 results: net income $37 million. Guidance reaffirmed.","evidence_excerpt":"• Net loss improved 62% to $37 million, operating loss improved 71% to $25 million, and adjusted EBITDA improved 81% to a loss of $12 million compared with Q2 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828023026749/0001628280-23-026749-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 2023"},{"label":"Net income","value":"$37 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}