---
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"
generated_at: "2026-06-05T22:13:24.139907+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root Q4 net loss narrowed 59% to $24M; gross earned premiums up 50%

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1788882/000162828024005899/0001628280-24-005899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828024005899/root-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-005899
- JSON: https://secwatch.observer/filing/0001628280-24-005899.json
- Plain text: https://secwatch.observer/filing/0001628280-24-005899.txt

## Key facts
- Earnings Releases
  Root, Inc. reported financial results for the fourth quarter and the full fiscal year ended December 31, 2023.
  - Period: the fourth quarter and the full fiscal year ended December 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1788882/000162828024005899/0001628280-24-005899-index.htm

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