Root, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
ROOT$43.82+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 June 30, | Six Months Ended June 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| (in millions, except per share data) | ||||
| Revenues: | ||||
| Net premiums earned | $363.5 | $353.0 | $727.2 | $674.3 |
| Net investment income | 5.0 | 9.4 | 13.7 | 18.1 |
| Net realized gains on investments | — | — | 0.1 | — |
| Fee income | 19.8 | 19.7 | 40.1 | 38.4 |
| Other income | 0.9 | 0.8 | 1.6 | 1.5 |
| Total revenues | 389.2 | 382.9 | 782.7 | 732.3 |
| Operating expenses: | ||||
| Loss and loss adjustment expenses | 239.9 | 233.3 | 466.1 | 438.9 |
| Sales and marketing | 25.3 | 37.1 | 52.6 | 88.6 |
| Other insurance expense | 58.4 | 47.9 | 117.8 | 84.6 |
| Technology and development | 15.5 | 13.7 | 30.7 | 25.1 |
| General and administrative | 15.5 | 23.6 | 40.0 | 44.1 |
| Total operating expenses | 354.6 | 355.6 | 707.2 | 681.3 |
| Operating income | 34.6 | 27.3 | 75.5 | 51.0 |
| Interest expense | 4.1 | 5.3 | 8.9 | 10.6 |
| Loss on extinguishment of debt | 4.9 | — | 4.9 | — |
| Income before income tax expense | 25.6 | 22.0 | 61.7 | 40.4 |
| Income tax expense | 0.2 | — | 0.4 | — |
| Net income | 25.4 | 22.0 | 61.3 | 40.4 |
| Net income attributable to participating securities | 1.3 | 1.1 | 3.0 | 2.0 |
| Net income attributable to common shareholders | 24.1 | 20.9 | 58.3 | 38.4 |
| Other comprehensive (loss) income: | ||||
| Net income | 25.4 | 22.0 | 61.3 | 40.4 |
| Changes in net unrealized (losses) gains on investments | (2.4) | 1.6 | (5.9) | 4.6 |
| Comprehensive income | $23.0 | $23.6 | $55.4 | $45.0 |
| Earnings per common share: (both Class A and B) | ||||
| Basic | $1.54 | $1.36 | $3.74 | $2.51 |
| Diluted | $1.49 | $1.29 | $3.58 | $2.36 |
| Weighted-average common shares outstanding: (both Class A and B) | ||||
| Basic | 15.7 | 15.4 | 15.6 | 15.3 |
| Diluted | 17.0 | 17.1 | 17.1 | 17.1 |
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