---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-22-000016"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:11:45.274313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Root, Inc. reports Q1 2022: GWP -8%, gross loss $(12)M, loss ratio improves to 81%

## Summary
- Gross written premium $187M, down 8% YoY; gross profit $(12)M, down $19M YoY.
- Accident period loss ratio 81%, 12-point sequential improvement from Q4'21.
- Non-loss/LAE expenses down 23% sequentially, 42% YoY; operating loss improved 25% vs Q1'21.
- Carvana partnership drove 13% of new premium; fully embedded V2 rollout expected Q2'22.
- New CFO Rob Bateman appointed; capital position $736M after BlackRock term loan.

## SEC filing metadata
- accession: 0001788882-22-000016
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888222000016/0001788882-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888222000016/root-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-22-000016
- JSON: https://secwatch.observer/filing/0001788882-22-000016.json
- Plain text: https://secwatch.observer/filing/0001788882-22-000016.txt

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