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 | |
| Net premiums earned | 323 | 310 | 286 | 400 | 1,071 |
| Net investment income | 5 | 5 | 6 | 30 | 36 |
| Gain (Loss) on Investments | 0 | 2 | 1 | - | - |
| Fee income | - | 21 | 17 | 23 | 66 |
| Other income | 19 | 7 | 2 | 2 | 4 |
| Total revenues | 347 | 345 | 311 | 455 | 1,177 |
| Loss and loss adjustment expenses | 363 | 392 | 351 | 331 | 733 |
| Sales and marketing | 140 | 270 | 48 | 49 | 136 |
| Other Insurance Expense (Income) | -2 | 5 | -8 | 48 | 106 |
| Technology and development | 53 | 66 | 56 | 45 | 53 |
| General and administrative | 79 | 98 | 127 | 83 | 70 |
| Total operating expenses | 632 | 831 | 574 | 556 | 1,098 |
| Operating income (loss) | - | -485 | -263 | -101 | 79 |
| Interest expense | - | - | - | - | 42 |
| Loss on extinguishment of debt | - | -16 | - | - | -5 |
| Income (loss) before income tax expense | -363 | -521 | -298 | -147 | 31 |
| Net income (loss) | -363 | -521 | -298 | -147 | 31 |
| Net income attributable to participating securities | - | - | - | - | 2 |
| Net income (loss) attributable to common shareholders | - | - | - | - | 29 |
| Changes in net unrealized gains (losses) on investments | 5 | -5 | -6 | 3 | 0 |
| Comprehensive income (loss) | -358 | -526 | -304 | -144 | 31 |
| Earnings Per Share, Basic | - | -2.09 | -21.11 | -10.24 | 1.96 |
| Earnings Per Share, Diluted | - | -2.09 | -21.11 | -10.24 | 1.83 |