Root, Inc. (ROOT)

Net Premiums Written

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Direct Premiums Written	1.20B	1.06B	674.60M
Direct Premiums Written Growth	12.91%	57.81%	21.16%
Assumed Premiums Written	272.70M	236.50M	108.50M
Assumed Premiums Written Growth	15.31%	117.97%	151.16%
Ceded Premiums Written	-59.60M	-137.00M	-209.90M

Net Premiums Earned

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Direct Premiums Earned	1.16B	1.01B	564.90M
Direct Premiums Earned Growth	14.52%	78.93%	-6.10%
Assumed Premiums Earned	262.20M	220.20M	70.90M
Assumed Premiums Earned Growth	19.07%	210.58%	68.81%
Ceded Premiums Earned	-85.70M	-160.10M	-235.90M

Revenue

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net Premiums Earned	1.33B	1.07B	399.90M
Net Premiums Earned Growth	24.58%	167.79%	39.87%
Net Investment Income	33.80M	35.90M	30.20M
Net Investment Income Growth	-5.85%	18.87%	387.10%
Fee Income	75.80M	66.00M	23.40M
Fee Income Growth	14.85%	182.05%	41.82%
Other Segment Income	3.10M	3.70M	1.50M
Other Segment Income Growth	-16.22%	146.67%	-11.77%
Fee and Other Segment Income	78.90M	69.70M	24.90M
Fee and Other Segment Income Growth	13.20%	179.92%	36.81%
Revenue (Total)	1.45B	1.18B	455.00M
Revenue (Total) Growth	22.98%	158.57%	46.40%

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net Loss and LAE Ratio	-	68.50%	82.80%
Net Expense Ratio	-	27.90%	50.40%
Net Combined Ratio	-	96.40%	133.20%
Gross Loss Ratio	-	58.90%	65.20%
Gross LAE Ratio	-	8.60%	9.60%
Gross Expense Ratio	-	27.20%	41.60%
Gross Combined Ratio	-	94.70%	116.40%
Renewal Premium as Percent of Gross Premiums Earned	-	49.00%	59.00%
Policies In Force	466.32B	414.86B	341.76B
Policies In Force Growth	12.40%	21.39%	55.10%
Premiums Per Policy	1.58K	1.58K	1.42K
Premiums Per Policy Growth	-0.19%	11.31%	16.64%
Premiums In Force	1.47B	1.31B	972.70M
Premiums In Force Growth	12.19%	35.12%	80.90%

Updated Nov 5, 2025. Data Source: Fiscal.ai.