Root, Inc.

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.

Root, Inc. announced it prepaid its $200.0 million Amended Term Loan in May 2026 and entered into a new senior secured term loan. For the first quarter ended March 31, 2026, the company reported a significant increase in net income to $35.9 million, up from $18.4 million in the prior year. Total revenues also grew to $393.5 million, while sales and marketing expenses decreased substantially. However, net cash provided by operating activities saw a notable decline.

Root, Inc. refinanced its existing $200 million term loan into a new facility led by The Huntington National Bank, reducing annual interest expense by approximately $4.5 million. Concurrently, the company's board authorized a $75 million share repurchase program to optimize its capital structure and enhance shareholder value. For Q1 2026, Root reported record profitability with net income nearly doubling year-over-year to $36 million, an improved net combined ratio of 91.4%, and a 9% increase in policies in force. The company also noted a challenging growth environment is expected to persist.

Root, Inc. (ROOT) announced the launch of its 24-hour agent appointment program, enabling independent insurance agents to complete onboarding and begin selling policies in as little as one day. This fully digital experience significantly compresses the traditional weeks-long onboarding process, providing agents faster access to revenue opportunities. Since its launch in 2025, the program has led to the appointment of over 7,500 agents, with approximately 2,400 added in 2026 alone, expanding Root's national agent network to over 15,000 appointed agents and 4,000 approved agencies.

Root, Inc. announced a collaboration with Freeway Insurance, integrating Root's technology and insurance products into Freeway's national multi-carrier marketplace. This partnership aims to expand customer access to Root's coverage options and enhance the overall insurance experience. Customers can now access Root's products through Freeway's online platform, call centers, and local retail offices nationwide, with bilingual support available.

Root, Inc. released its "The Future of Car Insurance: A Consumer Demand Report," revealing widespread dissatisfaction with traditional, demographic-based car insurance pricing. The survey found that 95% of drivers desire rates based on their actual driving behavior, not proxies like age or credit scores. Root's proprietary data indicates that safe drivers switching to their behavior-based model can save up to 28% on premiums, highlighting a significant market opportunity for their technology-driven approach.

Root, Inc. announced plans to host a conference call on Wednesday, May 6, 2026, at 5:00 p.m. Eastern Time. The call will discuss the company's financial results for the first quarter 2026 and provide an update on operations. Root will release its Q1 results on its investor relations website following the close of financial markets on the same day.