Root, Inc. — Q3 2026 Earnings Summary

Root, Inc. reported $381 million in revenue and $14 million in net income for the third quarter of 2026, achieving an 18% annualized return on equity. The company maintained a disciplined underwriting approach, resulting in a 97.2% net combined ratio and a gross accident period loss ratio of 61.1%, while policies in force grew 4% year-over-year to 484,000. Strategic initiatives included renewing a partnership with Carvana through 2028, launching a pilot program with Hyundai, and expanding operations to Wyoming to cover 38 states. Additionally, Root completed development of a new proprietary pricing model expected to enhance predictive power and began deploying it in the fourth quarter.