---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-26-000046"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:51:10.897936+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Root Q1 net income $36M, record profitability; refinances debt, authorizes $75M buyback

## Summary
- Record Q1 net income of $36M (nearly doubled YoY); operating income $41M, adjusted EBITDA $57M.
- Net combined ratio improved 4.2 pts to 91.4%; policies in force up 9% YoY to 200K+.
- Refinanced $200M term loan at SOFR+3.25% (~225 bps reduction), saving ~$4.5M/year in interest.
- Board authorized $75M share repurchase program; one-time Q2 charge of ~$4.8M for debt extinguishment.
- Partnership new writings grew ~30% YoY; geographic expansion on track for NJ launch in 2026.

## SEC filing metadata
- accession: 0001788882-26-000046
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/0001788882-26-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/root-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-26-000046
- JSON: https://secwatch.observer/filing/0001788882-26-000046.json
- Plain text: https://secwatch.observer/filing/0001788882-26-000046.txt

## Source-grounded claims
- claim_id: a3a28e42a003a4c9a873e94bd79127b0b2e6ede2
  claim: Root, Inc. incurred term loan of $200.0 million with The Huntington National Bank at ABR (as defined in the Credit Agreement) or Term SOFR (as defined in the Credit maturing May 4, 2029.
  evidence_excerpt: On May 4, 2026, Root, Inc. (the “Company”) entered into that certain Credit Agreement (the “Credit Agreement”), by and among the Company, Caret Holdings, Inc., as borrower (the “Borrower”), the lenders from time to time party thereto and The Huntington National Bank, as the administrative agent. The Credit Agreement provides for a senior secured term loan of $200.0 million, the entire amount of which was funded on May 4, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/0001788882-26-000046-index.htm
- claim_id: c2b8085612ff018345d20e19baa77e921d78a0fc
  claim: Root, Inc. reported the quarter ended March 31, 2026 results: net income $36 million.
  evidence_excerpt: This is reflected in our results: • Delivered record profitability , nearly doubling net income year-over-year to $36 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/0001788882-26-000046-index.htm
- claim_id: 369134cb8992dd983a6b150191ff6870b5a61024
  claim: Root, Inc. terminated Existing Credit Agreement with Acquiom Agency Services, LLC, as administrative agent (effective 2026-05-04).
  evidence_excerpt: Concurrently with the Closing of the Credit Agreement, the Company prepaid all of the outstanding term loans under its term loan agreement, dated as of January 26, 2022 (as amended, the “Existing Credit Agreement”), by and among the Company, Holdings, the other loan parties party thereto, the lenders party thereto and Acquiom Agency Services, LLC, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/0001788882-26-000046-index.htm
- claim_id: eaea023e85fc9de0d313a253fb448a82e6635ebe
  claim: Root, Inc. entered into Credit Agreement with The Huntington National Bank, as the administrative agent valued at $200.0 million (effective 2026-05-04).
  evidence_excerpt: On May 4, 2026, Root, Inc. (the “Company”) entered into that certain Credit Agreement (the “Credit Agreement”), by and among the Company, Caret Holdings, Inc., as borrower (the “Borrower”), the lenders from time to time party thereto and The Huntington National Bank, as the administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000046/0001788882-26-000046-index.htm

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