Earnings Releases·Nov 4, 2026, 4:07 PM ET

Root, Inc. — Q3 2026 Earnings Summary

Revenue declined 2% year-over-year to $381 million, while the company returned to profitability with $14 million in net income versus a $5 million loss in the prior-year period; Adjusted EBITDA remained consistent at $34 million.
The net combined ratio improved 4.9 percentage points year-over-year to 97.2%, driven by a gross accident period loss ratio of 61.1% within target ranges, despite a 5% to 8% decline in gross earned and written premiums.
Management reaffirmed a strategy of profitable growth over volume, citing the deployment of a new proprietary pricing model in Q4 and capital discipline amid intensified competition from large carriers lowering premiums.
The company executed $36.2 million in share repurchases during the quarter and expanded its state footprint to 38 states, while renewing its Carvana partnership through August 2028 and launching a Hyundai Secure+ pilot.