Root, Inc. is a property and casualty insurance company that underwrites and distributes automobile and renters insurance products in the United States. The company operates primarily through direct-to-consumer channels, including its website and mobile applications, as well as through partnership arrangements with third parties. Founded in 2015, Root is headquartered in Columbus, Ohio and maintains its Delaware incorporation.
The company generates revenue through insurance premiums on its auto and renters policies. Root's business model emphasizes digital distribution and direct consumer engagement rather than traditional agent-based sales channels. The company operates across the United States insurance market, targeting consumers seeking property and casualty coverage through online platforms.
With approximately 1,256 full-time employees, Root operates as a mid-sized participant in the property and casualty insurance sector. The company competes within the broader insurance market through its digital-first approach to customer acquisition and policy servicing.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $2.36 | $2.49 | +29.0% | |
| 2024 | $1.83 | $1.96 | +117.9% | |
| 2023 | $-10.24 | $-10.24 | -147.9% | |
| 2022 | $-4.13 | $-4.13 | -97.6% | |
| 2021 | $-2.09 | $-2.09 | — | |
| 2020 | — | — | — |
| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2025-12-31 | 2026-02-25 | 0001788882-26-000014 | SEC ↗ |
| 2024-12-31 | 2025-02-26 | 0001628280-25-008137 | SEC ↗ |
| 2023-12-31 | 2024-02-21 | 0001628280-24-005906 | SEC ↗ |
| 2022-12-31 | 2023-02-22 | 0001628280-23-004580 | SEC ↗ |
| 2021-12-31 | 2022-02-23 | 0001628280-22-003524 | SEC ↗ |
| 2020-12-31 | 2021-03-04 | 0001788882-21-000011 | SEC ↗ |