---
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"
generated_at: "2026-06-28T10:08:09.101039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Root Q3 2021: Gross profit loss of $16.1M; loss ratio worsens to 91.3%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-21-000080
- JSON: https://secwatch.observer/filing/0001788882-21-000080.json
- Plain text: https://secwatch.observer/filing/0001788882-21-000080.txt

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