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Root, Inc. Announces 2025 Second Quarter Results
Globenewswire· 2025-08-06 20:15
Core Viewpoint - Root, Inc. announced its financial results for the second quarter of 2025, highlighting its ongoing operations and performance in the insurance sector [1]. Financial Results - The financial results and management commentary for the second quarter can be found in the shareholder letter posted on the company's investor relations website [1]. - An updated investor presentation will also be available for stakeholders [1]. Conference Call and Webcast - Root will host a conference call and earnings webcast on August 6, 2025, at 5:00 p.m. Eastern Time to discuss the results and provide updates on company operations [2]. - The live audio webcast can be accessed through the News & Events section of Root's Investor Relations website [2]. - Details for the conference call include a toll-free dial-in number (1-877-269-7751) and a toll dial-in number (1-201-389-0908) [3]. Company Overview - Root, Inc. was founded in 2015 and is based in Columbus, Ohio, serving as the parent company of Root Insurance Company [4]. - The company aims to revolutionize insurance through data science and technology, providing a personalized and fair experience for consumers [4]. - The Root app has achieved over 15 million downloads and has collected more than 32 billion miles of driving data to inform its insurance offerings [4].
Root, Inc. Schedules Conference Call to Discuss Second Quarter 2025 Financial Results
Globenewswire· 2025-07-10 20:30
Company Overview - Root, Inc. is the parent company of Root Insurance Company, founded in 2015 and based in Columbus, Ohio [3] - The company aims to revolutionize insurance through data science and technology, providing a personalized and fair experience for consumers [3] - The Root app has over 15 million downloads and has collected more than 32 billion miles of driving data to inform its insurance offerings [3] Upcoming Financial Results - Root, Inc. plans to host a conference call on August 6, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the second quarter of 2025 [1] - The second quarter results will be released on the Investor Relations section of the company's website following the close of financial markets on the same day [1] Conference Call Details - The participant toll-free dial-in number for the conference call is 1 (877) 269-7751, and the toll dial-in number is 1 (201) 389-0908 [2] - A webcast of the conference call will be available at https://ir.joinroot.com/news-events/events, with a replay available for on-demand viewing shortly after the call [2]
Root, Inc. to Participate in Upcoming Investor Conferences
Globenewswire· 2025-05-21 20:05
Core Insights - Root, Inc. will participate in three upcoming investor conferences in New York City, focusing on one-on-one and group meetings with institutional investors [1][3] - The company aims to leverage its technology and data science to enhance the insurance experience for consumers [2] Company Overview - Root, Inc. was founded in 2015 and is based in Columbus, Ohio, serving as the parent company of Root Insurance Company [2] - The company has achieved over 15 million app downloads and has collected more than 31 billion miles of driving data to inform its insurance offerings [2]
Root, Inc. to Participate in the 2025 Wells Fargo Financial Services Investor Conference
Globenewswire· 2025-05-08 20:05
Company Overview - Root, Inc. is a technology company focused on insurance solutions and is the parent company of Root Insurance [3] - Founded in 2015 and based in Columbus, Ohio, Root aims to revolutionize insurance through data science and technology [3] - The Root app has over 15 million downloads and has collected more than 31 billion miles of driving data to enhance its insurance offerings [3] Investor Engagement - Root, Inc. will participate in the 2025 Wells Fargo Financial Services Investor Conference on May 13-14, 2025, in Chicago, Illinois [1] - There will be no formal company presentation; however, Root will conduct one-on-one and group meetings with institutional investors [2] - Investor materials for the meetings are available on Root's Investor Relations website [2]
Root, Inc. Announces 2025 First Quarter Results
Globenewswire· 2025-05-07 20:15
Core Insights - Root, Inc. announced its financial results for the first quarter of 2025, with details available in the shareholder letter on the investor relations website [1] - A conference call and earnings webcast will be held on May 7, 2025, at 5:00 p.m. Eastern Time to discuss the results and company operations [2][3] Company Overview - Root, Inc., founded in 2015 and based in Columbus, Ohio, is the parent company of Root Insurance Company, focusing on revolutionizing insurance through data science and technology [4] - The Root app has achieved over 15 million downloads and has collected more than 31 billion miles of driving data to enhance its insurance offerings [4]
New Data from Root Insurance Shows Americans Spend 11% of Drive Time on Phones, with Gen Z Twice as Distracted as Baby Boomers
Globenewswire· 2025-04-30 18:00
Core Insights - Root Insurance released its 2025 Focused Driving Report, highlighting the dangers of distracted driving, which claims over 3,200 lives annually in the U.S. [1][2] - The report analyzed over 1.3 billion miles of driving data, revealing that U.S. drivers are distracted by their phones for nearly 11% of the time while driving [2][6] Geographic Differences - Oregon, Washington, and West Virginia are identified as the most focused states, while Louisiana, Mississippi, and Illinois are the most distracted [8] - Portland, Oregon, is the most focused metro area with a distraction rate of 8.74%, whereas New Orleans, Louisiana, is the most distracted at 15.20%, with drivers picking up their phones nearly 7 times more per 100 miles than those in Portland [8] Generational Insights - Gen Z drivers use their phones nearly twice as often (14.78%) compared to Baby Boomers (6.34%) while driving [8] Time of Day Analysis - The least distracted hour is 5:00 a.m. (7.16%), while the highest phone use occurs at 7:00 p.m. (11.65%) [8] Survey Insights - 86% of drivers reported texting while driving as the most common distraction, followed by social media use (77%) and handheld phone calls (75%) [8] - Nearly half (46%) of drivers admitted to a close call or accident due to distraction, with 60% changing their driving behavior afterward [8] - 72% of respondents indicated they would be less likely to use their phones while driving if their insurance rates reflected their focus behind the wheel [8] Company Overview - Root, Inc., founded in 2015, utilizes data science and technology to personalize car insurance, with over 15 million app downloads and more than 31 billion miles of driving data collected [9]
Root, Inc. Schedules Conference Call to Discuss First Quarter 2025 Financial Results
Globenewswire· 2025-04-10 20:05
Core Points - Root, Inc. plans to host a conference call on May 7, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for Q1 2025 and provide updates on company operations [1][2] - The financial results will be released on the Investor Relations section of the company's website after the market closes on the same day [1] Company Overview - Root, Inc., founded in 2015 and based in Columbus, Ohio, is the parent company of Root Insurance Company, focusing on revolutionizing insurance through data science and technology [3] - The Root app has over 15 million downloads and has collected nearly 31 billion miles of driving data to enhance its insurance offerings [3]
Hyundai Capital America and Root Inc. Announce Partnership to Drive Innovation in Auto Finance and Insurance Industries
Globenewswire· 2025-04-02 13:00
Core Insights - Root, Inc. and Hyundai Capital America (HCA) have formed a strategic partnership aimed at enhancing customer experiences in the auto finance and insurance sectors [1][2][4] - The collaboration will leverage HCA's auto finance leadership and Root's mobile technology expertise to create tailored, technology-driven insurance solutions [2][3] Company Overview - Root, Inc. is a technology company focused on revolutionizing insurance through data science, with over 15 million app downloads and more than 30 billion miles of driving data collected [6] - Hyundai Capital America is a major player in the U.S. auto finance market, serving over 2.7 million customers and more than 1,800 dealers [5] Partnership Goals - The partnership aims to deliver data-driven, competitive insurance rates to HCA customers, enhancing the overall vehicle ownership experience [3][4] - Both companies share a vision of utilizing technology and data to redefine car insurance and improve customer satisfaction [4]