{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-005899","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.540409+00:00","generated_at":"2026-06-05T22:13:24.139907+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Root Q4 net loss narrowed 59% to $24M; gross earned premiums up 50%","bullets":["Q4 operating loss $12M (improved 74% YoY); adjusted EBITDA loss $0.3M (improved 99% YoY).","Gross premiums earned $214M (+50% YoY); policies-in-force 341,764 (+55% YoY).","Gross accident period loss ratio 66%, 11-point improvement; net combined ratio 112% (68-point improvement).","Full-year net loss $147M (-50% YoY); unencumbered capital $507M, cash consumption $52M vs $179M in 2022.","Management states scale achieved; could achieve near-term profitability if marketing spend reduced."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-005899","json":"https://secwatch.observer/filing/0001628280-24-005899.json","markdown":"https://secwatch.observer/filing/0001628280-24-005899.md","text":"https://secwatch.observer/filing/0001628280-24-005899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024005899/0001628280-24-005899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024005899/root-20240221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:13:24.139907+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":"1e6697b239731f5331134d554aa230e4df4cd614","claim":"Root, Inc. reported financial results for the fourth quarter and the full fiscal year ended December 31, 2023.","evidence_excerpt":"On February 21, 2024, Root, Inc. (the \"Company\") announced its financial results for the fourth quarter and the full fiscal year ended December 31, 2023 by issuing a letter to Shareholders (the \"Letter\").","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024005899/0001628280-24-005899-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and the full fiscal year ended December 31, 2023"},{"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"}