Root, Inc.

For the period ended Mar 31, 2026. Filed May 6, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 6, 2026

ROOT$43.82+0.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income - Unaudited

ROOT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - UNAUDITED
	Three Months Ended March 31,
	2026	2025
(in millions, except per share data)
Revenues:
Net premiums earned	$363.7	$321.3
Net investment income	8.7	8.7
Net realized gains on investments	0.1	—
Fee income	20.3	18.7
Other income	0.7	0.7
Total revenues	393.5	349.4
Operating expenses:
Loss and loss adjustment expenses	226.2	205.6
Sales and marketing	27.3	51.5
Other insurance expense	59.4	36.7
Technology and development	15.2	11.4
General and administrative	24.5	20.5
Total operating expenses	352.6	325.7
Operating income	40.9	23.7
Interest expense	4.8	5.3
Income before income tax expense	36.1	18.4
Income tax expense	0.2	—
Net income	35.9	18.4
Net income attributable to participating securities	1.7	0.9
Net income attributable to common shareholders	34.2	17.5
Other comprehensive (loss) income:
Net income	35.9	18.4
Changes in net unrealized (losses) gains on investments	(3.5)	3.0
Comprehensive income	$32.4	$21.4
Earnings per common share: (both Class A and B)
Basic	$2.19	$1.15
Diluted	$2.09	$1.07
Weighted-average common shares outstanding: (both Class A and B)
Basic	15.6	15.2
Diluted	17.2	17.2

ContentsView on SEC.gov

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