{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019342","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.122350+00:00","generated_at":"2026-06-03T04:37:40.084007+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 achieves first operating income of $5M in Q1 2024; policies up 101%","bullets":["Gross combined ratio improved 23 pts YoY to 99.7%; net combined ratio improved 59 pts to 102%.","Net loss improved 85% to $6M; positive adjusted EBITDA of $15M, up $26M YoY.","Policies-in-force grew 101% to 401,255; gross premiums written up 146% to $331M.","Direct channel new writings dipped late Q1 due to competition; partnership nearly doubled new writings YoY.","Unencumbered capital $483M; expects ~$10.6M cash expense from equity vesting in Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019342","json":"https://secwatch.observer/filing/0001628280-24-019342.json","markdown":"https://secwatch.observer/filing/0001628280-24-019342.md","text":"https://secwatch.observer/filing/0001628280-24-019342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024019342/0001628280-24-019342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024019342/root-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:37:40.084007+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":"b7652b4d365d9e82afe3b8e00a33cfea7e103758","claim":"Root, Inc. reported the quarter ended March 31, 2024 results: net income net loss of $6 million.","evidence_excerpt":"On April 30, 2024, Root, Inc. (the \"Company\") announced its financial results for the quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788882/000162828024019342/0001628280-24-019342-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"net loss of $6 million"},{"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"}