Root, Inc. Overview
Pro stress-test →Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance, founded in 2015 and based in Columbus, Ohio, revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The company provides automobile and renters insurance products through a direct-to-consumer model, serving customers primarily through mobile applications and its website.
Strategic Profile
Pro stress-test →Root achieved full-year 2025 net income of $40.3 million with a sub-100% combined ratio, meaning it is now profitable on underwriting alone. The independent agent channel, representing roughly one-third of the U.S. auto insurance market, is Root's fastest-growing segment, with independent agent new writings more than tripling year-over-year in Q3 2025.
Competitive Landscape
Pro stress-test →Root competes with Clearcover, The Progressive, 21st Century Insurance, GEICO, and Elephant Insurance. Root ranks 4th among 151 active competitors in the insurtech space and stands 1st in terms of total funding. Root differentiates through AI-driven pricing, behavioral data collection, and expanding embedded insurance partnerships.
Industry Context
Root, Inc. operates in Automotive Insurance & Insurtech.
Key facts
Founded: 2015 · Headquarters: Columbus, Ohio · Employees: 1,169 · Revenue: $1.5B · Market cap: $1.2B