Root Insurance News
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Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
May 8 2025 // Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 2024...
Auto Insurer Root to Pay New York $975K Over Data Breach
Mar 24 2025 // New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach that the state says exposed the personal information of about 45,000 New Yorkers. Root does not...
Insurtech Root Finishes 2024 With First Yearly Profit
Feb 27 2025 // Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based...
Root Expands to Minnesota
Dec 27 2024 // Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance offering to over 4 million registered drivers in Minnesota and covering more...
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time
Oct 31 2024 // For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23...
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