---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035963"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:02:56.530475+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Root Q3 net loss narrows 31% to $46M; new writings surge 376% YoY

## Summary
- Gross accident period loss ratio improved to 68.0% from 79% in Q3 2022 (11-point improvement).
- New writings up 141% QoQ and 376% YoY; policies in force grew 27% QoQ and 2% YoY.
- Net loss improved 31% to $46M; adjusted EBITDA loss improved 58% to $19M.
- Unencumbered capital at $502M; expect quota share cessions below 25% in 2024 (from >70% peak).
- New pricing model boosts predictive power 17%; new telematics model improves 12%.

## SEC filing metadata
- accession: 0001628280-23-035963
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000162828023035963/0001628280-23-035963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828023035963/root-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035963
- JSON: https://secwatch.observer/filing/0001628280-23-035963.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035963.txt

## Key facts
- Earnings Releases
  Root, Inc. reported the quarter ended September 30, 2023 results: net income a loss of $46 million.
  - Period: the quarter ended September 30, 2023
  - Net income: a loss of $46 million
  - Result: reported results
  source text: On November 1, 2023, Root, Inc. (the "Company") announced its financial results for the quarter ended September 30, 2023 by issuing a letter to Shareholders (the "Letter").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828023035963/0001628280-23-035963-index.htm

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