Root’s Q4 auto policies in force down 37.8% amid continued efforts to conserve cash
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Root’s Q4 auto policies in force down 37.8% amid continued efforts to conserve cash

Kyoung-son Song
February 22, 2023
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Root’s auto policies in force shrank 37.8% year-on-year to 220,354 in the fourth quarter of 2022, as the company posted a net loss of $58mn amid continued efforts to conserve cash and become “self-sufficient”.

The company did not disclose policies in force for its renters segment in its fourth-quarter earnings release, as it had done in prior quarters.

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Kyoung-son Song
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