Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025 May 8, 2025 By Chad Hemenway Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The...
Insurtech Root Finishes 2024 With First Yearly Profit February 27, 2025 By Chad Hemenway Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter...
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time October 31, 2024 By Chad Hemenway For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress May 1, 2024 Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating...
Insurtech Root Inc. Results Improve but Remain at a Net Loss February 22, 2024 By Chad Hemenway Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer December 1, 2023 By Chad Hemenway Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million...
Root Inc. Files for Default in Litigation Against Jailed Former CMO November 16, 2023 By Chad Hemenway The nearly year-long saga involving Root Inc. and its former chief marketing officer continues – with him in county jail....
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model August 3, 2023 By Chad Hemenway Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was...
Insurtech Root Says it Has No ‘Actionable’ Bid June 30, 2023 Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday’s statement was issued...
Former Root CMO Ordered Detained for Contempt June 22, 2023 By Chad Hemenway Root Inc’s former chief marketing officer – accused in a lawsuit by the company of syphoning $10 million from it...