Root reports Q3 EPS (35c) vs. $1.35 last year

Reports Q3 revenue $387.8M, consensus $373.01M. The company said, ” These results were driven by a structural, durable competitive advantage of combining a core technology company with a full stack insurance carrier. This advantage has built a formidable business model that provides a foundation for better prices and experiences for our customers, more efficient and scalable operations, and ultimately the path for continued growth and profit for our shareholders.”