Root Inc. Welcomes Christine Patrick as VP, Investor Relations

Rhea-AI Summary

Root Inc. has appointed Christine Patrick as the new VP of Investor Relations, effective today. Patrick brings over 10 years of experience in the insurance sector, having previously worked with Kemper Corporation and National General Holdings. Root's CFO, Dan Rosenthal, expressed enthusiasm about Patrick joining at a critical time since the company's October 2020 IPO. Patrick aims to enhance communication of Root's unique position in the auto insurance market, leveraging behavioral data for better rates. This appointment follows Root's ongoing transformation post-IPO.

Positive

• Christine Patrick appointed as VP of Investor Relations, bringing over 10 years of industry experience.
• Root's focus on behavioral data positions it uniquely in the auto insurance market.
• The appointment aligns with Root’s transformation strategy since its IPO.

Negative

• None.

Root Inc., the parent company of Root Insurance, has announced today that Christine Patrick will join the company as VP, Investor Relations.

“Root continues to transform since the October 2020 IPO. We’re thrilled to welcome Christine to Root at such a pivotal time for the company,” said Root CFO Dan Rosenthal. “Christine brings significant expertise in investor relations, communications, and strategy to the team. We’re eager to leverage her experience and insights as we continue to communicate the Root value proposition and disruption to investors.”

Christine Patrick comes to Root with more than 10 years of insurance-industry experience, both in investor relations and as a sell-side-analyst. Most recently, Patrick led investor relations with Kemper Corporation and previously with National General Holdings Corporation. As a senior equity research analyst at JMP Securities, she covered both Property & Casualty and Mortgage Insurance sectors.

“Given Root’s significant growth and recent IPO, it’s an exciting time to have the opportunity to join the team,” said Patrick. “Marrying behavioral data with actuarial claims experience puts Root in a unique position to disrupt the auto insurance industry, and I look forward to taking part in communicating that story.”

About Root Insurance:

Root Insurance is the nation’s first licensed insurance carrier powered entirely by mobile. We were founded on the principle that auto insurance rates should be based primarily on driving behaviors, not demographics. Using mobile technology and data science, Root offers personalized, fair rates to good drivers all through an easy-to-use app.

Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005916/en/

FAQ

Who is Christine Patrick and what role has she taken on at Root?

Christine Patrick has been appointed as the VP of Investor Relations at Root Inc., bringing over a decade of experience in the insurance industry.

How does Christine Patrick's experience benefit Root?

Patrick's extensive background in investor relations and analytics will help communicate Root's value proposition effectively to investors.

What is the significance of Christine Patrick joining Root at this time?

Her appointment comes at a pivotal point in Root's growth following its IPO in October 2020.

What does Root Insurance focus on in terms of policy rates?

Root focuses on determining insurance rates primarily based on driving behaviors rather than demographics.

What recent changes has Root Insurance made to its executive team?

Root Insurance has recently appointed Christine Patrick as the VP of Investor Relations to strengthen its investor communication.