Root, Inc.ROOT

Market cap

$1.2B

P/E ratio

	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Noncurrent	-	-	-	-	292
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Current	-	-	-	-	15
Other investments	1	5	4	4	4
Total investments	225	135	133	171	311
Cash and cash equivalents	1,113	706	762	679	599
Restricted cash	1	1	1	1	1
Premiums Receivable, Net	130	148	112	247	305
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments	125	155	149	125	151
Prepaid reinsurance premiums	113	101	74	48	25
Other assets	56	74	82	76	103
Total assets	1,762	1,319	1,313	1,348	1,496
Loss and loss adjustment expense reserves	-	320	287	284	413
Unearned premiums	-	-	-	284	354
Long-Term Debt	188	-	295	299	200
Reinsurance Payable	89	102	120	54	33
Accounts payable and accrued expenses	48	29	40	66	71
Other liabilities	10	40	45	83	109
Total liabilities	730	671	924	1,070	1,180
Temporary Equity, Carrying Amount, Attributable to Parent	-	112	112	112	112
Additional paid-in capital	1,776	1,806	1,851	1,883	1,888
Accumulated other comprehensive loss	6	0	-6	-2	-2
Accumulated loss	-748	-1,270	-1,568	-1,715	-1,682
Total stockholders’ equity	1,032	536	277	166	204
Total liabilities, redeemable convertible preferred stock and stockholders’ equity	1,762	1,319	1,313	1,348	1,496