Welcome to our dedicated page for Root news (Ticker: ROOT), a resource for investors and traders seeking the latest updates and insights on Root stock.
Root, Inc. (NASDAQ: ROOT) is a forward-thinking technology company based in Columbus, Ohio, founded in 2015. Root, Inc. is the parent company of Root Insurance Company, which leverages data science and mobile technology to redefine the auto insurance industry by offering personalized insurance rates based on individual driving behavior.
Root's innovative approach eliminates traditional pricing factors like age and gender, focusing instead on how safely individuals drive. This allows good drivers to enjoy better rates while promoting fairness and transparency in the insurance sector.
The company primarily generates revenue from selling auto and renters insurance policies across the United States. With nearly 13 million app downloads and the collection of over 25 billion miles of driving data, Root stands at the forefront of using technology to enhance user experience and provide competitive insurance solutions.
Root continues to make strides in the industry with various partnerships and initiatives. The company has recently partnered with the renowned Chip Ganassi Racing team, sponsoring rising star Marcus Armstrong, who drives the No. 11 Root Honda in multiple races. This partnership not only heightens Root's brand visibility but also aligns with their commitment to excellence and innovation.
Financially, Root maintains an active engagement with its investors and the market. The company hosts regular conference calls and earnings webcasts to discuss financial results and updates on operations. Most recently, Root announced an upcoming conference call to review its third-quarter financial results on November 2, 2023, at 8:00 a.m. Eastern Time. This transparency reflects Root's dedication to keeping stakeholders informed and connected.
For more information about Root, Inc., visit their website or follow the latest updates via their Investor Relations page at ir.joinroot.com. Media and investors can contact Root through their dedicated email addresses: press@joinroot.com for media inquiries and ir@joinroot.com for investor relations.
Root (NASDAQ: ROOT) has announced its participation in the 2025 Association of Insurance and Financial Analysts (AIFA) Conference in Naples, Florida, scheduled for March 2-4, 2025. Matt LaMalva, Root's Head of Investor Relations and Corporate Development, will participate in the Insurtech Panel on March 3 at 4:15 p.m. ET.
The panel discussion will feature LaMalva alongside Ben Rose, Co-Founder and President of Supercede, with moderation by Tommy McJoynt, Director of Equity Research at KBW. They will explore key trends in the Insurtech landscape and technology's evolving role in insurance.
The AIFA Conference serves as a premier gathering for industry leaders across property & casualty insurance, life insurance, reinsurance, and insurance brokerage sectors to discuss industry challenges and opportunities.
Root Inc (NASDAQ: ROOT) announced its financial results for Q4 and full year 2024 on February 26, 2025. The detailed financial results and management commentary are available in the shareholder letter on Root's investor relations website at ir.joinroot.com.
The company has scheduled a conference call and earnings webcast for February 26 at 5:00 p.m. Eastern Time to discuss the results and provide operational updates. Investors can access the live audio webcast through the News & Events section of Root's Investor Relations website.
Root Insurance released a concerning survey ahead of Super Bowl LIX revealing that 44% of football fans admitted to live-streaming games while driving during the season. The study exposed that 35% watch quick highlights behind the wheel, while 46% listen to games through in-car audio.
Demographics show 49% of male respondents and 33% of female respondents streamed games while driving. Age-wise, 25-34 year-olds were most likely to stream (63%), while those 65+ were least likely (18%). By division, AFC South fans were most distracted (50% streaming while driving), while NFC South fans were least distracted (37%).
Root's 2024 driving behavior data indicates drivers with the worst distracted driving are 1.24 times more likely to have accidents than average. The company emphasizes safe driving practices and offers insurance pricing based on driving behavior.
Root Inc (NASDAQ: ROOT) has announced it will host a conference call on February 26, 2025 at 5:00 p.m. Eastern Time to discuss its fourth quarter and full year 2024 financial results. The company will release its financial results on the same day after market close through its investor relations website. The conference call will include a discussion of financial results and company operations updates.
Investors can access the call through toll-free (1-877-269-7751) or toll (1-201-389-0908) dial-in numbers. A webcast will be available on the company's investor relations page, with a replay accessible after the call.
Root Insurance (NASDAQ: ROOT) has announced its participation in the National Automobile Dealers Association (NADA) Show in New Orleans from January 23-26, 2025. As the largest auto insurtech in the country, Root aims to showcase its technology-driven insurance solutions that offer personalized pricing based on driving behavior.
At the event, Root's Business Development team will demonstrate their innovative solutions and partnership opportunities to automotive leaders and dealers. Jason Shapiro, Senior Vice President of Business Development, emphasized the company's mission to transform car insurance through customer-focused solutions.
Visitors to Root's booth will have opportunities to:
- Explore behavior-based pricing solutions
- Learn about customizable offerings for enhanced customer experiences
- Discover partnership opportunities for platform integration
The NADA Show serves as a premier automotive industry event, bringing together thousands of industry professionals to explore latest innovations and trends.
Root, Inc. (NASDAQ: ROOT), a technology company specializing in insurance solutions and parent of Root Insurance, has announced its participation in the 27th Annual ICR Conference scheduled for January 13-15, 2025, in Orlando, Florida.
Co-Founder and CEO Alex Timm will engage in a fireside chat on Monday, January 13, 2025, at 10:30 a.m. ET. The session will be accessible via live webcast through Root's Investor Relations website's Events section, with a replay available for a time afterward.
The ICR Conference serves as a platform for public and private company leaders, institutional investors, analysts, investment bankers, private equity professionals, and media representatives to discuss consumer trends and evaluate public company performance.
Root Insurance (NASDAQ: ROOT) has expanded its operations to Minnesota, making its technology-driven auto insurance services available to over 4 million registered drivers in the state. This expansion marks Root's presence in 35 states, covering more than 77% of the U.S. population.
The company's innovative approach uses smartphone technology to measure driving behaviors, making these the primary factor in determining insurance rates rather than traditional demographics. Through the Root mobile app, Minnesota drivers can sign up in under a minute and complete a test drive period where the app evaluates habits like focused driving, smooth braking, and gentle turning.
Root offers multiple access points for its services, partnering with tech-forward companies and independent insurance agents to serve Minnesota customers.
Root (NASDAQ: ROOT) announced its third quarter 2024 financial results. The company will host a conference call and earnings webcast on October 30, 2024, at 5:00 p.m. Eastern Time to discuss the results and provide operational updates. The financial results and management commentary are available through a shareholder letter on Root's investor relations website. An updated investor presentation is also accessible on ir.joinroot.com.
Root has successfully refinanced its term loan facility with BlackRock, reducing the principal amount from $300 million to $200 million. The new six-year term loan features improved terms, including an interest rate reduction of at least 300 basis points to 3-month term SOFR plus 600 basis points with performance-based step-downs. The company maintains $150 million of available capital under the amended facility. The refinancing is expected to reduce Root's interest expense by approximately 50% on a run-rate basis. The company will expense approximately $5.5 million of unamortized debt discount and issuance costs in Q4 related to the loan modification.
Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, has announced its plans to host a conference call to discuss financial results for the third quarter of 2024. The call is scheduled for Wednesday, October 30, 2024, at 5:00 p.m. Eastern Time. The company will release its third quarter results on the same day, after the close of financial markets, in the investor relations section of its website at ir.joinroot.com.
For those interested in participating, the conference call details are as follows:
- Participant Toll-Free Dial-In Number: 1 (877) 269-7751
- Participant Toll Dial-In Number: 1 (201) 389-0908
- Webcast: https://ir.joinroot.com/news-events/events
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