Root, Inc. Announces 2022 Fourth Quarter and Full Year Results

Rhea-AI Summary

Root, Inc. (NASDAQ: ROOT) announced its financial results for the fourth quarter and year ending December 31, 2022, during a press release on February 22, 2023. The complete financial results and management commentary are available on the company's investor relations website. A conference call to discuss these results is scheduled for February 23, 2023, at 8:00 a.m. ET. Root, established in 2015, focuses on revolutionizing insurance through technology and data science, boasting nearly 11 million app downloads and over 19 billion miles of driving data collected to enhance its offerings.

Positive

• Root has nearly 11 million app downloads, indicating strong consumer interest.
• The company has collected over 19 billion miles of driving data to inform insurance offerings.

Negative

• None.

COLUMBUS, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 2022. Root’s fourth quarter and full year financial results and management commentary can be found by accessing the shareholder letter posted to the company’s investor relations website at ir.joinroot.com.

Root will host a conference call and earnings webcast to discuss the results tomorrow, Thursday, February 23, at 8:00 a.m. Eastern Time, and to provide an update on company operations. To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com.

Webcast and Conference Call Details:

Date: February 23, 2023

Time: 8:00 a.m. Eastern Time

Participant Toll-Free Dial-In Number: 1 (888) 660-6392

Participant Toll Dial-In Number: 1 (929) 203-0899

Conference ID: 3641459

Webcast: https://ir.joinroot.com/news-events/events

A replay of the webcast will be made available for on-demand viewing after the call on the Investor Relations page of the company’s website at ir.joinroot.com.

About Root, Inc.
Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root app has close to 11 million app downloads and has collected more than 19 billion miles of driving data to inform their insurance offerings.

For further information on Root, please visit root.com.

Contacts:

Media:
press@root.com

Investor Relations:
ir@root.com

FAQ

What are the financial results for Root, Inc. for Q4 and FY 2022?

Root, Inc. announced its financial results for the fourth quarter and full year ending December 31, 2022, on February 22, 2023.

When is the conference call for Root, Inc.'s financial results?

The conference call for Root, Inc.'s financial results is scheduled for February 23, 2023, at 8:00 a.m. Eastern Time.

How many app downloads does Root, Inc. have?

Root, Inc. has nearly 11 million app downloads as of the latest press release.

What is the significance of the data collected by Root, Inc.?

Root, Inc. has collected over 19 billion miles of driving data to enhance its insurance offerings.