Root’s Q1 auto policies in force down 40% amid cost-cutting efforts
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Root’s Q1 auto policies in force down 40% amid cost-cutting efforts

Kyoung-son Song
May 03, 2023
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Root logo car parking lot.jpg

Root’s auto policies in force shrunk 40.4% year-on-year to 199,685 in the first quarter of 2023, as the company continues its cost-cutting efforts.

For the second sequential quarter, the InsurTech did not disclose policies in force for its renters segment.

In the first quarter, Root improved its operating loss to $29.8mn

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Kyoung-son Song
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