Root ‘moved past’ 2021 cash burn peak after aggressive actions: CRO Rosenthal
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Root ‘moved past’ 2021 cash burn peak after aggressive actions: CRO Rosenthal

Giovanna Bellotti Azevedo
April 28, 2022
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Root CRO Daniel Rosenthal said that the auto InsurTech has passed its peak expected cash burn year in 2021, as the company aggressively moved to reduce capital consumption and tighten its underwriting in the first quarter of 2022.

Speaking on an earnings call with analysts, Rosenthal said that the operational changes the company implemented have resulted in a 23% sequential reduction in non-loss and LAE expenses, or 42% compared with the same period last year.

Root

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Giovanna Bellotti Azevedo
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