---
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"
generated_at: "2026-06-12T14:24:23.409627+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Root Q2 net loss narrows 62% to $37M; loss ratio improves 17 pts to 68%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026749
- JSON: https://secwatch.observer/filing/0001628280-23-026749.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026749.txt

## Key facts
- Earnings Releases
  Root, Inc. reported Q2 2023 results: net income $37 million. Guidance reaffirmed.
  - Period: Q2 2023
  - Net income: $37 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023026749/0001628280-23-026749-index.htm

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