Root Q2 auto policies in force tumble 20% as GWP sinks 21%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Root Q2 auto policies in force tumble 20% as GWP sinks 21%

Eileen AJ Connelly
August 08, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Root logo Ohio.jpg

Root’s Q2 auto policies in force shrank 20.3% to 297,716 compared with 373,721 a year earlier, as the company reduced its marketing spend and slowed new business growth amid what it called “one of the most difficult periods for auto insurers in decades".

The Insurtech reported an operating loss of $0.36 per share for Q2 2022, compared with the $0.72 loss reported in Q2 2021.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsRootEarnings
Eileen Connelly.png
Eileen AJ Connelly
Contributing Editor
Gift this article