Craft

Root

Stock Price

$54.5

2024-04-22

Market Capitalization

$795.3 M

2024-04-22

Revenue

$455 M

FY, 2023

Root Summary

Company Summary

Overview
Root Insurance is a company that provides car insurance services. It uses smartphone technology and data science to understand actual driving behavior and determines personal automobile insurance rates allowing consumers to get car insurance based on their driving habits.
Type
Public
Status
Active
Founded
2015
HQ
Columbus, OH, US | view all locations
Website
https://www.joinroot.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Alex Timm

    Alex Timm, Co-Founder and Chief Executive Officer

  • Matt Bonakdarpour

    Matt Bonakdarpour, Chief Technology Officer

  • Doug Ulman
  • Jerri DeVard

Operating MetricsView all

In-Force Premiums (Auto)

$713M
17.6%

FY, 2021

Premiums per Policy (Auto)

$1K
7.1%

FY, 2021

In-Force Policies (Auto)

354.4K
9.8%

FY, 2021

LocationsView all

1 location detected

  • Columbus, OH HQ

    United States

    80 E Rich St #500

Root Financials

Summary Financials

Revenue (Q1, 2024)
$254.9M
Net income (Q1, 2024)
($6.2M)
Cash (FY, 2023)
$678.7M
EBIT (Q1, 2024)
$5.4M
Enterprise value
$617.3M

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