---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-044306"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:26:47.662832+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Root posts first-ever net income of $23M in Q3; refinances debt with BlackRock

## Summary
- Net income of $23M vs loss of $46M YoY; adjusted EBITDA of $42M.
- Gross premiums written up 48% to $332M; policies in force up 57% to 407,313.
- Gross combined ratio improved 30 pts to 89.2%; net combined ratio improved 52 pts to 91.1%.
- Refinanced term loan to $200M at SOFR+600bps (down 300bps+); expects ~50% lower interest.
- Expects ~$5.5M Q4 charge from unamortized debt costs tied to loan extinguishment.

## SEC filing metadata
- accession: 0001628280-24-044306
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000162828024044306/0001628280-24-044306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828024044306/root-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-044306
- JSON: https://secwatch.observer/filing/0001628280-24-044306.json
- Plain text: https://secwatch.observer/filing/0001628280-24-044306.txt

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