Root, Inc. (NASDAQ:ROOT) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Matt LaMalva - Head, IR Alex Timm - Co-Founder & CEO Megan Binkley - CFO Conference Call Participants Tommy McJoynt - KBW Yaron Kinar - Jefferies Elyse Greenspan - Wells Fargo Michael Ward - Citi Operator Greetings, and welcome to Root, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal pr ...

COLUMBUS, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root's second quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company's investor relations website. An updated version of the company's investor presentation will also be available. Both can be found on ir.joinroot.com. Root will host a conference call and earnings webca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________to____________ Commission File Number: 001-39658 ROOT, INC. (Exact name of Registrant as specified in its charter) Delaware 84-2717903 (State or oth ...

Q2 2024 Shareholder Letter Root Inc Dear Shareholders Our team delivered another strong quarter in Q2, as we again demonstrated our ability to drive toward sustained profitability. We nearly quadrupled total revenue year-over-year, continued to grow policies-in-force, delivered operating income of $4 million, net loss of $8 million, adjusted EBITDA of $12 million, and achieved our fourth consecutive quarter of positive operating cash flow. As we continue to invest across our three strategic pillars—pricing ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Root, Inc. (ROOT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Root, Inc. is one of 862 companies in the Finance group. The Finance group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the g ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of t ...

For further information on Root, please visit root.com. Contacts: Media: press@joinroot.com Investor Relations: ir@joinroot.com COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quarter on Wednesday, August 7, 2024 at 5:00 p.m. Eastern Time. The company plans to release second quarter results in the investor relations section of its website a ...

Webcast and Conference Call Details: 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. For further information on Root, please visit root.com. Investor Relations: ir@joinroot.com COLUMBUS, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the second quart ...

COLUMBUS, Ohio, July 01, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ:ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is excited to mark a significant home state NTT INDYCAR SERIES race for the company on July 7th at the Mid-Ohio Sports Car Course in Lexington, Ohio. In celebration of the event, Root and Chip Ganassi Racing will unveil a special livery for the race and fans will have a chance to win a signed gift from driver Marcus Armstrong. During ...

During the race weekend, Root is hosting members of the Ohio American Legion, 12th District Council in recognition of their service and in honor of the July 4th holiday. "We are incredibly proud to see Marcus driving the No. 11 Root Honda at Mid-Ohio," said Jason Shapiro, SVP of Business Development at Root. "His outstanding performance this season, particularly his podium finish in Detroit, exemplifies the same drive and determination that Root embodies. We're excited to cheer him on in our home state." Ab ...