Root IncNASDAQ ROOT Stock Report

Root, Inc. operates as a technology company in the insurance industry. The company is headquartered in Columbus, Ohio and currently employs 765 full-time employees. The company went IPO on 2020-10-28. The firm operates through its subsidiaries, which include Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The firm 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. The company 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. The company 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.