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About the company
Root, Inc. is a holding company. The Company operates through its subsidiaries, including Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a technology insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile apps. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty. The Company, by collecting and synthesizing sensory behavioral data across thousands of driving variables, including distracted driving, it strives to price auto insurance based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support, and improving business processes. Its primary focus is on the United States auto insurance market.
- Revenue in USD (TTM)854.20m
- Net income in USD-83.80m
- Incorporated2019
- Employees680.00
- LocationRoot Inc80 E Rich St Ste 500COLUMBUS 43215-5249United StatesUSA
- Phone+1 (614) 591-4568
- Fax+1 (302) 504-6004
- Websitehttps://joinroot.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NI Holdings Inc | 348.21m | 6.31m | 312.83m | 219.00 | 50.08 | 1.31 | 38.16 | 0.8984 | 0.3025 | -0.1398 | 16.58 | 11.60 | 0.5535 | -- | -- | 1,590,014.00 | 1.11 | 0.5825 | -- | -- | -- | -- | 2.00 | 1.07 | -- | -- | 0.00 | 0.00 | 15.78 | 12.70 | 89.69 | -- | -8.90 | -- |
| Hippo Holdings Inc | 296.90m | -171.60m | 435.60m | 516.00 | -- | 1.35 | -- | 1.47 | -7.12 | -7.12 | 12.30 | 12.96 | 0.1861 | -- | -- | 575,387.60 | -10.02 | -- | -- | -- | -- | -- | -53.86 | -- | -- | -- | 0.00 | -- | 75.19 | -- | 18.09 | -- | -- | -- |
| Investors Title Company | 234.10m | 26.32m | 440.83m | 545.00 | 16.79 | 1.68 | 14.32 | 1.88 | 13.93 | 13.93 | 123.93 | 138.97 | 0.698 | -- | -- | 429,535.80 | 7.85 | 12.19 | -- | -- | -- | -- | 11.24 | 14.69 | -- | 3,562.11 | 0.0027 | 58.66 | -26.09 | 7.00 | -9.27 | -0.1889 | 37.65 | 2.83 |
| Global Indemnity Group LLC | 456.30m | 34.62m | 450.92m | 266.00 | 13.05 | 0.6796 | -- | 0.9882 | 2.53 | 2.53 | 33.35 | 48.85 | 0.2598 | -- | -- | 1,715,414.00 | 2.00 | 1.07 | -- | -- | -- | -- | 7.68 | 3.37 | -- | 40,264.00 | 0.00 | 70.57 | -19.34 | 1.13 | 2,037.13 | -- | -- | 0.00 |
| Heritage Insurance Holdings Inc | 768.14m | 56.61m | 492.79m | 566.00 | 8.25 | 1.93 | 7.24 | 0.6415 | 1.95 | 1.95 | 26.74 | 8.32 | 0.31 | -- | -- | 1,357,136.00 | 2.28 | -1.41 | -- | -- | -- | -- | 7.37 | -4.65 | -- | 6.88 | 0.3542 | -- | 11.03 | 8.90 | 129.35 | 10.78 | 34.10 | -- |
| Donegal Group Inc | 961.31m | 7.33m | 499.75m | 861.00 | 69.65 | 1.05 | 43.97 | 0.5199 | 0.219 | 0.219 | 28.85 | 14.48 | 0.4158 | -- | -- | 1,116,504.00 | 0.3172 | 1.20 | -- | -- | -- | -- | 0.7628 | 3.05 | -- | 270.57 | 0.0674 | 75.33 | 9.33 | 3.81 | 325.86 | -- | -15.79 | 3.53 |
| United Fire Group Inc | 1.16bn | 36.76m | 531.30m | 852.00 | 14.56 | 0.7312 | 11.09 | 0.4586 | 1.44 | 1.44 | 45.43 | 28.68 | 0.3605 | -- | -- | 1,359,674.00 | 1.14 | -0.3378 | -- | -- | -- | -- | 3.17 | -0.9336 | -- | 77.31 | 0.1387 | -- | 11.75 | 0.4684 | -297.59 | -- | -19.92 | -11.96 |
| American Coastal Insurance Corp | 252.18m | 74.26m | 543.56m | 71.00 | 7.21 | 2.44 | 6.42 | 2.16 | 1.57 | 1.42 | 5.35 | 4.63 | 0.183 | -- | -- | 3,551,859.00 | 5.39 | -0.6896 | -- | -- | -- | -- | 29.45 | -3.52 | -- | 13.75 | 0.4002 | -- | 6.21 | -16.92 | 306.05 | 209.38 | -45.48 | -- |
| Ambac Financial Group, Inc. | 353.00m | 74.00m | 554.11m | 178.00 | 7.40 | 0.386 | 4.99 | 1.57 | 1.58 | 1.58 | 7.63 | 30.26 | 0.0433 | -- | -- | 1,983,146.00 | 0.8826 | -0.2418 | -- | -- | -- | -- | 20.40 | -9.66 | -- | 2.49 | 0.701 | -- | -4.98 | -12.17 | -98.48 | -46.68 | -- | -- |
| Root Inc | 854.20m | -83.80m | 591.60m | 680.00 | -- | 3.91 | -- | 0.6926 | -5.77 | -5.77 | 58.51 | 17.55 | 0.6349 | -- | -- | 1,256,177.00 | -6.23 | -27.29 | -- | -- | -- | -- | -9.81 | -92.19 | -- | -0.6917 | 0.5264 | -- | 46.40 | 60.07 | 50.49 | -- | 21.85 | -- |
| Universal Insurance Holdings, Inc. | 1.48bn | 83.15m | 648.29m | 1.24k | 8.04 | 1.65 | 7.78 | 0.437 | 2.83 | 2.83 | 50.39 | 13.79 | 0.5302 | -- | -- | 1,192,666.00 | 2.97 | 1.24 | -- | -- | -- | -- | 5.60 | 2.27 | -- | 51.55 | 0.2054 | 93.86 | 13.82 | 11.05 | 400.05 | -10.61 | -21.05 | -3.38 |
| ProAssurance Corporation | 1.14bn | -22.92m | 676.80m | 1.09k | -- | 0.5973 | -- | 0.5942 | -0.4353 | -0.4353 | 22.21 | 22.15 | 0.2021 | -- | -- | 1,041,214.00 | -0.4067 | -0.263 | -- | -- | -- | -- | -2.01 | -1.34 | -- | 12.99 | 0.2738 | -- | 2.72 | 5.25 | -9,502.99 | -- | -- | -- |
| International General Insuranc Hldgs Ltd | 515.37m | 110.30m | 840.04m | 401.00 | 7.23 | 1.42 | -- | 1.63 | 2.53 | 2.53 | 11.85 | 12.88 | 0.2792 | -- | -- | 1,285,200.00 | 6.21 | 4.56 | -- | -- | -- | -- | 22.24 | 17.18 | -- | 7.34 | 0.00 | 11.44 | 24.54 | 20.58 | 31.50 | 34.08 | 23.16 | -- |
Data as of Sep 18 2024. Currency figures normalised to Root Inc's reporting currency: US Dollar USD
32.99%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| SVB Wealth LLCas of 30 Jun 2024 | 783.01k | 7.39% |
| BlackRock Fund Advisorsas of 30 Jun 2024 | 596.96k | 5.63% |
| The Vanguard Group, Inc.as of 30 Jun 2024 | 427.33k | 4.03% |
| D. E. Shaw & Co. LPas of 30 Jun 2024 | 412.16k | 3.89% |
| Morgan Stanley & Co. LLCas of 30 Jun 2024 | 320.71k | 3.03% |
| Renaissance Technologies LLCas of 30 Jun 2024 | 201.02k | 1.90% |
| Marshall Wace LLPas of 30 Jun 2024 | 198.21k | 1.87% |
| Geode Capital Management LLCas of 30 Jun 2024 | 192.46k | 1.82% |
| Hood River Capital Management LLCas of 30 Jun 2024 | 188.16k | 1.78% |
| Driehaus Capital Management LLCas of 30 Jun 2024 | 177.38k | 1.67% |
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Data from 30 Jun 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
