Company Root, Inc.

Equities

ROOT

US77664L2079

Property & Casualty Insurance

Market Closed - Nasdaq 04:00:00 2024-03-27 pm EDT 5-day change 1st Jan Change
56.04 USD -4.00% Intraday chart for Root, Inc. +7.25% +434.73%

Business Summary

Root, Inc. is a holding company. The Company operates through its subsidiaries, which include Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a tech-enabled insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile applications and its embedded platform. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty Insurance Company. The Company, by collecting and synthesizing sensory behavioral data across various driving variables, including distracted driving, it prices policies based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support. Its primary focus is on the United States auto insurance market.

Number of employees: 680

Sales per Business

USD in Million2022Weight2023Weight Delta
Insurance Products
100.0 %
311 100.0 % 455 100.0 % +46.40%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
311 100.0 % 455 100.0 % +46.40%

Managers

Managers TitleAgeSince
Founder 35 15-01-31
President 38 22-02-22
Director of Finance/CFO 40 19-03-31
Chief Administrative Officer - 16-12-31
Corporate Secretary - 22-01-31
Corporate Officer/Principal - 23-05-14

Members of the board

Members of the board TitleAgeSince
Director/Board Member 66 20-09-30
Director/Board Member 68 20-07-31
Director/Board Member 66 20-09-30
Director/Board Member 46 16-11-30
Founder 35 15-01-31
Director/Board Member 51 22-06-30
Director/Board Member 51 22-02-28
Director/Board Member - 23-10-25

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 5,000,000 0 0 54.75 %
Stock B 1 9,600,000 7,993,475 ( 83.27 %) 0
Stock C 0 14,100,000 0 0

Shareholders

NameEquities%Valuation
Ribbit Management Co. LLC
17.51 %
1,681,303 17.51 % 54 M $
783,012 8.156 % 25 M $
Cannell Capital LLC
7.469 %
717,043 7.469 % 23 M $
Schusterman Interests LLC
5.064 %
486,111 5.064 % 16 M $
Vanguard Global Advisers LLC
4.089 %
392,553 4.089 % 13 M $
Schusterman Interests LLC
3.211 %
308,231 3.211 % 10 M $
290,456 3.026 % 9 M $
DST Global Ltd. /GB/
2.632 %
252,669 2.632 % 8 M $
Renaissance Technologies LLC
2.198 %
210,984 2.198 % 7 M $
Drive Capital LLC
1.755 %
168,444 1.755 % 5 M $
NameEquities%Valuation
CARVANA CO.
100.00 %
14,053,096 100.00 % 141 $
NameEquities%Valuation
Ribbit Management Co. LLC
37.48 %
1,874,020 37.48 % 60 M $
Drive Capital LLC
28.87 %
1,443,376 28.87 % 46 M $
1,056,393 21.13 % 34 M $
Redpoint Ventures
11.35 %
567,720 11.35 % 18 M $
53,014 1.060 % 2 M $
5,555 0.1111 % 178 371 $
Nancy Kramer
0.000000 %
0 0.000000 % - $
0 0.000000 % - $
Doug Ulman
0.000000 %
0 0.000000 % - $

Company contact information

Root, Inc.

80 East Rich Street Suite 500

43215, Columbus

+

http://inc.joinroot.com
address Root, Inc.(ROOT)