Root, Inc. Reports Strong Growth and Profitability in Q1 2025

Root, Inc. ( (ROOT) ) has released its Q1 earnings. Here is a breakdown of the information Root, Inc. presented to its investors.

Root, Inc., a technology-driven insurance company based in Columbus, Ohio, leverages data science to offer personalized and fair insurance experiences primarily in the auto insurance sector. In its Q1 2025 earnings report, Root, Inc. showcased significant growth and profitability, driven by its innovative technology and strategic partnerships. The company reported a 24% increase in gross premiums written compared to the previous year, achieving a net income of $18 million and an adjusted EBITDA of $32 million. Root’s strategic partnerships with Hyundai Capital America and Experian have expanded its distribution channels, enhancing its market presence. The company also highlighted its strong underwriting performance and disciplined expense management, which contributed to its improved net combined ratio of 96%. Looking ahead, Root remains focused on long-term growth through continued investment in technology and strategic partnerships, while acknowledging potential macroeconomic challenges. The company is well-capitalized and poised to expand its geographic footprint, aiming to maintain its competitive edge in the insurance industry.