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 | |
Founded | 2015 | |
HQ | Columbus, OH, US | Map |
Website | joinroot.com | |
Employee Ratings | ||
Overall Culture | B | More |
USD | |
---|---|
Revenue (FY, 2021) | 345.4m |
Gross profit (FY, 2021) | (46.9m) |
Gross profit margin (FY, 2021), % | (13.6%) |
Net income (FY, 2021) | (521.1m) |
EBIT (FY, 2021) | (485.2m) |
Market capitalization (4-Aug-2022) | 196.9m |
Closing stock price (4-Aug-2022) | 1.3 |
Cash (31-Dec-2021) | 706.0m |
USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 41.4m | 62.7m | 79.6m | 124.0m | 121.4m | 50.5m | 68.6m | 89.8m | 93.8m |
Cost of goods sold | 50.0m | 59.6m | 100.9m | 129.9m | 97.3m | 76.1m | 59.9m | 110.2m | 114.4m |
Gross profit | (8.6m) | 3.1m | (21.3m) | (5.9m) | 24.1m | (25.6m) | 8.7m | (20.4m) | (20.6m) |
Gross profit Margin, % | (21%) | 5% | (27%) | (5%) | 20% | (51%) | 13% | (23%) | (22%) |
USD | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|
Net Income | (97.0m) | (197.2m) | (105.6m) | (144.5m) | (229.7m) | (99.6m) | (278.2m) | (411.2m) |
Depreciation and Amortization | 1.6m | 2.4m | 3.7m | 7.1m | 10.6m | 3.5m | 7.2m | 11.0m |
Accounts Payable | 6.2m | 15.9m | (5.4m) | (100.0k) | 31.6m | 2.5m | 23.0m | (7.1m) |
Cash From Operating Activities | (38.0m) | (72.6m) | (46.2m) | (62.4m) | (94.8m) | (90.6m) | (226.5m) | (364.3m) |
USD | Q1, 2019 |
---|---|
Revenue/Employee | 169.0k |
H1, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | H1, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | H1, 2021 | Q3, 2021 | FY, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
In-Force Policies (Auto) | 220.54 k | 242.63 k | 281.31 k | 334.21 k | 334.33 k | 334.33 k | 322.42 k | 322.76 k | 360.29 k | 373.72 k | 373.72 k | 380.84 k | 354.37 k |
In-Force Policies (Renters) | 825 | 1.75 k | 3.16 k | 5.97 k | 5.97 k | 7.37 k | 7.74 k | 8.84 k | 9.1 k | 9.1 k | 9.14 k | 8.8 k | |
Premiums per Policy (Auto) | $805 | $877 | $904 | $889 | $909 | $909 | $929 | $939 | $958 | $971 | $971 | $986 | $1.01 k |
Premiums per Policy (Renters) | $122 | $127 | $133 | $139 | $139 | $139 | $140 | $140 | $141 | $141 | $140 | $140 |
Company Name | Date | Deal Size |
---|---|---|
Caret Holdings, Inc. | ||
Root Enterprise, LLC | ||
Root Insurance Agency, LLC | ||
Root Insurance Company | ||
Root Lone Star Insurance Agency, Inc. | ||
Root Property & Casualty Insurance Company | ||
Root Reinsurance Company, Ltd. | ||
Root Scout, LLC |
B
83/100
A+
86/100
B
79/100
When was Root founded?
Root was founded in 2015.
Who are Root key executives?
Root's key executives are Alex Timm, Anirban Kundu and Kelly Ruoff.
How many employees does Root have?
Root has 1,007 employees.
What is Root revenue?
Latest Root annual revenue is $345.4 m.
What is Root revenue per employee?
Latest Root revenue per employee is $343 k.
Who are Root competitors?
Competitors of Root include Go, BGL Group and RenewBuy.
Where is Root headquarters?
Root headquarters is located at 80 E Rich St #500, Columbus.
Where are Root offices?
Root has an office in Columbus.
How many offices does Root have?
Root has 1 office.
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