Root, Inc.

Root, Inc. and TheZebra.com have formed a technology partnership to make auto insurance shopping and purchasing faster and easier. The collaboration integrates The Zebra's marketplace and agent network with Root's digital insurance platform, allowing consumers to receive real-time personalized quotes and seamlessly transition to Root for policy purchase. Additionally, The Zebra's agents can generate instant Root quotes and finalize policies efficiently, expanding Root's distribution and enhancing the customer experience.

Root, Inc. announced the release of its second quarter 2026 financial results, which are available in a shareholder letter and updated investor presentation on the company's investor relations website. The company will host a conference call and earnings webcast today, August 5, 2026, at 5:00 p.m. Eastern Time, to discuss these results and provide an operational update. Details for accessing the live audio webcast and dial-in numbers were provided, with a replay to be available on-demand.

Root, Inc. reported a net income of $24.1 million for Q2 2026, a 15.3% increase year-over-year, with total revenues rising 1.6% to $389.2 million. For the six months ended June 30, 2026, net income grew 51.8% to $58.3 million. The company also engaged in share repurchases totaling $20.8 million and recorded a $4.4 million impairment loss on other investments, while net cash from operating activities decreased.

Root, Inc. announced strong financial results for Q2 2026, with net income increasing 15% to $25 million and revenue up 2% to $389 million. Adjusted EBITDA also saw a significant rise of 16% to $44 million, reflecting continued profitability and underwriting discipline. The company also refinanced its $200 million debt and repurchased over $20 million in shares, while strategically expanding its market presence and partnerships.

Root, Inc. announced the launch of its mobile-first, behavior-based car insurance in New Jersey, marking its 37th state of operation. This expansion increases Root's reach to over 80% of the U.S. population, aligning with its goal of achieving nationwide coverage in the contiguous U.S. by 2027. The company's advanced mobile telematics allow it to reward safe drivers in New Jersey with potential annual savings of up to $1,300, targeting a market with over 6.6 million eligible drivers.

Root, Inc. has announced a strategic partnership with Jerry, an innovative insurance and car care platform. This collaboration embeds Root's data-driven car insurance experience directly into Jerry's app, allowing customers to receive real-time quotes and bind policies in minutes. The partnership expands Root's embedded insurance distribution strategy, making its personalized pricing and streamlined digital purchasing experience available to Jerry's high-intent customer base across over 30 states.

Root, Inc. announced it will host a conference call on Wednesday, August 5, 2026, at 5:00 p.m. Eastern Time. The purpose of the call is to discuss the company's financial results for the second quarter of 2026 and provide an update on its operations. The second quarter results are scheduled to be released on the company's investor relations website following the close of financial markets on the same day.

Root, Inc. stockholders approved an amendment to the company's Amended and Restated Certificate of Incorporation to eliminate the monetary liability of certain officers, effective June 4, 2026. This change provides protections similar to those already afforded to the Board of Directors. Additionally, at the 2026 Annual Meeting, stockholders elected Lawrence Hilsheimer, Alexander Timm, and Douglas Ulman as Class III directors, ratified Deloitte & Touche LLP as the independent auditor for 2026, and approved named executive officer compensation on an advisory basis.

Root, Inc. announced a new partnership with Hugo, a pay-at-your-pace liability insurance provider, to expand access to affordable full coverage options for drivers. Through this integration, Root will offer its personalized insurance to Hugo customers seeking full coverage, complementing Hugo's existing liability insurance payment options. The collaboration aims to provide greater choice and flexibility, combining Root's data-driven pricing with Hugo's flexible payment structures to better serve drivers.

Root, Inc. celebrated consecutive Indianapolis 500 victories with its sponsored teams, Chip Ganassi Racing and Meyer Shank Racing, in 2025 and 2026. This achievement underscores Root's strategic focus on building deep partnerships with high-performing organizations that share a commitment to precision, technology, and execution. The company's partnership ecosystem has rapidly expanded, with new writings in the partnership channel nearly tripling in 2025, accelerating access to new customers nationwide. Root views its motorsports success as validation of its broader business philosophy of partnering with elite operators to drive growth in its embedded insurance and distribution footprint.