Root(ROOT) - 2024 Q2 - Quarterly Results

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 ...