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Root
Stock Price
$10.5
2023-09-19
Market Capitalization
$152.5 M
2023-09-19
Revenue
$345.4 M
FY, 2021
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
Table of Contents
Key People
Frank Palmer, Chief Insurance Officer
Matt Bonakdarpour, Chief Technology Officer
Doug Ulman, Director
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
Root Financials
Summary Financials
- Revenue (FY, 2021)
- $345.4M
- Gross profit (FY, 2021)
- ($46.9M)
- Net income (FY, 2021)
- ($521.1M)
- Cash (FY, 2021)
- $706.0M
- EBIT (FY, 2021)
- ($485.2M)