---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008125"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:47:18.232149+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Root reports first profitable year with FY 2024 net income of $31M; gross combined ratio 94.7%

## Summary
- FY 2024 net income $31M (vs. loss $147M in 2023); adjusted EBITDA $112M.
- Gross premiums written $1.3B (+66% YoY); policies in force up 21% to 414,862.
- Gross combined ratio improved 22 pts to 94.7%; gross loss ratio 58.9%.
- Q4 net income $22M (vs. loss $24M Q4 2023); adjusted EBITDA $43M.
- Debt refinance in Oct 2024 expected to cut interest expense ~50% on run-rate basis.

## SEC filing metadata
- accession: 0001628280-25-008125
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2025-02-26T23:59:59+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/1788882/000162828025008125/0001628280-25-008125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000162828025008125/root-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008125
- JSON: https://secwatch.observer/filing/0001628280-25-008125.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008125.txt

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