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ROOT| Name | Value |
|---|---|
| Revenues | 254.9M |
| Cost of Revenue | 0.0M |
| Gross Profit | 254.9M |
| Operating Expense | 249.5M |
| Operating I/L | 5.4M |
| Other Income/Expense | 0.7M |
| Interest Income | 9.8M |
| Pretax | -6.2M |
| Income Tax Expense | -7.6M |
| Net Income/Loss | -6.2M |
Root, Inc. is a U.S.-based insurance company that specializes in automobile, homeowners, and renters insurance products. The company operates on a direct-to-consumer model, primarily through mobile applications and its website. It also utilizes digital, media, and referral channels, as well as distribution partners and agencies for its direct distribution. By offering insurance products and services directly to consumers, Root, Inc. generates revenue through policy premiums and fees, providing financial protection to its customers in exchange for a fee.
