{"schema_version":"secwatch.filing_event.v1","accession":"0001788882-21-000080","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2021-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.138998+00:00","generated_at":"2026-06-28T10:08:09.101039+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Root Q3 2021: Gross profit loss of $16.1M; loss ratio worsens to 91.3%","bullets":["Gross written premium rose 24% YoY to $204.6M; gross earned premium up 23% to $189.4M.","Gross profit turned to a $16.1M loss from +$0.7M a year ago; gross accident period loss ratio 91.3% vs 79.6%.","Sales and marketing spend cut 40% QoQ; operating loss improved $45M QoQ.","Repaid term loans A and B; signed exclusive term sheet with BlackRock for larger, longer-maturity facility.","Dan Rosenthal now oversees CRO, COO, and CFO duties; CFO search initiated."],"urls":{"canonical":"https://secwatch.observer/filing/0001788882-21-000080","json":"https://secwatch.observer/filing/0001788882-21-000080.json","markdown":"https://secwatch.observer/filing/0001788882-21-000080.md","text":"https://secwatch.observer/filing/0001788882-21-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000178888221000080/0001788882-21-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000178888221000080/root-20211110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T10:08:09.101039+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}