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Root, Inc. (ROOT)

Root, Inc. (ROOT)

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Balance Sheets Overview

Debt to Asset Ratio
73.64%
Unit: Thousand (K) dollars
Assets Breakdown
    • Cash and cash equivalents
    • Fixed maturities available-for-s...
    • Premiums receivable, net of allo...
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated loss
    • Unearned premiums
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Fixed maturities available-for-sale, at fair value (amortized cost 508.3 and 383.1 at june30, 2026 and december31, 2025, respectively)
506,300
456,300
387,000
357,800
Short-term investments (amortized cost zero and 14.8 at december31, 2025 and december31, 2024, respectively)
-
-
0
0
Other investments
0
4,400
4,400
4,400
Total investments
517,100
471,500
391,400
362,200
Cash and cash equivalents
509,600
597,200
669,300
653,300
Restricted cash
-
-
-
1,100
Restricted cash and cash equivalents
65,200
11,700
20,600
-
Premiums receivable, net of allowance of 8.5 and 8.9 at june30, 2026 and december31, 2025, respectively
330,700
350,800
332,800
352,500
Reinsurance premiums receivable, net of allowance of zero at june30, 2026 and december31, 2025
87,000
94,400
-
-
Reinsurance recoverable, net of allowance of 0.1 at june30, 2026 and december31, 2025
25,200
27,700
129,800
142,300
Prepaid reinsurance premiums
-
-
6,300
11,700
Deferred policy acquisition costs
47,100
46,500
-
-
Other assets
86,600
85,100
124,300
119,300
Total assets
1,668,500
1,684,900
1,674,500
1,642,400
Loss and loss adjustment expense reserves
489,200
472,700
483,600
462,900
Unearned premiums
384,000
412,400
393,700
409,300
Long-term debt
197,800
200,300
200,300
200,400
Reinsurance premiums payable
-
-
2,400
12,000
Premiums payable
87,600
95,100
-
-
Accounts payable and accrued expenses
47,900
43,200
74,200
58,600
Other liabilities
22,100
23,300
124,000
122,200
Total liabilities
1,228,600
1,247,000
1,278,200
1,265,400
Redeemable convertible preferred stock, 0.0001 par value, 100.0 shares authorized, 14.1 shares issued and outstanding at june30, 2026 and december31, 2025 (redemption value of 126.5)
112,000
112,000
112,000
112,000
Common stock-Common Class A
0
0
0
0
Common stock-Common Class B
0
0
0
0
Additional paid-in capital
1,910,200
1,931,200
1,922,000
1,908,400
Accumulated other comprehensive (loss) income
-2,000
400
3,900
3,500
Accumulated loss
-1,580,300
-1,605,700
-1,641,600
-1,646,900
Total stockholders equity
327,900
325,900
284,300
265,000
Total liabilities, redeemable convertible preferred stock and stockholders equity
1,668,500
1,684,900
1,674,500
1,642,400
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Fixed maturitiesavailable-for-sale, at fair value...$506,300K (58.62%↑ Y/Y)Total investments$517,100K (58.09%↑ Y/Y)Cash and cashequivalents$509,600K (-20.55%↓ Y/Y)Premiums receivable, netof allowance of 8.5...$330,700K (-3.11%↓ Y/Y)Reinsurance premiumsreceivable, net of allowance...$87,000K Other assets$86,600K (-25.60%↓ Y/Y)Restricted cash and cashequivalents$65,200K Deferred policyacquisition costs$47,100K Reinsurance recoverable,net of allowance of...$25,200K (-82.68%↓ Y/Y)Total assets$1,668,500K (5.09%↑ Y/Y)Total liabilities,redeemable convertible...$1,668,500K (5.09%↑ Y/Y)Total liabilities$1,228,600K (-0.21%↓ Y/Y)Total stockholdersequity$327,900K (34.11%↑ Y/Y)Redeemable convertiblepreferred stock, 0.0001...$112,000K (0.00%↑ Y/Y)Accumulated loss-$1,580,300K (3.73%↑ Y/Y)Accumulated othercomprehensive (loss) income-$2,000K (-186.96%↓ Y/Y)Loss and lossadjustment expense...$489,200K (10.06%↑ Y/Y)Unearned premiums$384,000K (-2.83%↓ Y/Y)Long-term debt$197,800K (-1.15%↓ Y/Y)Premiums payable$87,600K Accounts payable andaccrued expenses$47,900K (-8.41%↓ Y/Y)Other liabilities$22,100K (-82.08%↓ Y/Y)Additional paid-in capital$1,910,200K (1.41%↑ Y/Y)