Root, Inc.

Root, Inc. Issues Statement from Board of Directors

Retrieved on: 
Thursday, June 29, 2023
Root, Inc., Risk management

COLUMBUS, Ohio, June 29, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today issued the following statement:

Key Points: 
  • COLUMBUS, Ohio, June 29, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today issued the following statement:
    Root’s Board of Directors has always considered and evaluated, and will continue to consider and evaluate, any bona fide proposal or opportunity to enhance shareholder value in accordance with its fiduciary duties.
  • At this time Root is not in receipt of any proposal that is either actionable or in the best interests of Root’s shareholders.
  • Root does not undertake any responsibility to update this statement in the future.

Root Insurance Announces Commitment to Embedded Partnerships with Support for Dreyer & Reinbold Racing Indianapolis 500 Team featuring Driver Ryan Hunter-Reay

Retrieved on: 
Thursday, May 25, 2023
Business development, Partnership, Indianapolis Motor Speedway, Dreyer & Reinbold Racing, DRR, IndyCar Series, Root, Inc., EDT, NBC, Indy, Indianapolis, 107th Indiana Infantry Regiment, SVP, Road

Root Insurance, known for its data-driven approach to car insurance, offers customers rates based primarily on their driving behavior.

Key Points: 
  • Root Insurance, known for its data-driven approach to car insurance, offers customers rates based primarily on their driving behavior.
  • “We’re thrilled to be partnering with Dreyer & Reinbold Racing to showcase Root at the Indianapolis 500,” said SVP of Business Development, Jason Shapiro.
  • Dreyer & Reinbold Racing also has an impressive legacy at the Indianapolis Motor Speedway having qualified 48 Indy 500 entries since 2000.
  • "We are extremely excited to team up with Root and Indy 500 champion Ryan Hunter-Reay for this year's 500 Mile Race,” says Dennis Reinbold, DRR team owner.

Root Promotes Seasoned Leaders from Within and Boosts Growth Efforts with New Business Development Leader

Retrieved on: 
Monday, May 15, 2023
Root, Insurance, Treasury, Human resources, Interim, Business development, Senior, Policy, Business, Root, Inc., Netherlands, Accounting, Interim management, Customer service, Allison, Cox Enterprises, OEM, KPMG, Claim, TrueCar, Management, COLUMBUS

COLUMBUS, Ohio, May 15, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced today the promotion of two senior leaders and the addition of a Business Development leader.

Key Points: 
  • COLUMBUS, Ohio, May 15, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced today the promotion of two senior leaders and the addition of a Business Development leader.
  • Binkley joined Root in 2019 as Chief Accounting Officer and was promoted to Deputy CFO in 2022.
  • As Chief Financial Officer, Binkley will continue to oversee finance, accounting, treasury, tax, financial reporting, corporate development, reinsurance and reserving, and investor relations.
  • At Root, Shapiro will spearhead the expansion of Root’s embedded platform and will focus on growth initiatives.

Root, Inc. Announces 2023 First Quarter Results

Retrieved on: 
Wednesday, May 3, 2023
News, Conference call, Letter, Root, Inc., Conference, Webcast, Broadcasting

COLUMBUS, Ohio, May 03, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today.

Key Points: 
  • COLUMBUS, Ohio, May 03, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today.
  • Root’s first quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company’s investor relations website at ir.joinroot.com .
  • Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations tomorrow, Thursday, May 4, at 8:00 a.m. Eastern Time.
  • To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com .

Root, Inc. Schedules Conference Call to Discuss First Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 6, 2023
Conference call, Root, Inc., Conference, Webcast, Cryptocurrency, Broadcasting

COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the first quarter on Thursday, May 4, 2023 at 8:00 a.m. Eastern Time.

Key Points: 
  • COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the first quarter on Thursday, May 4, 2023 at 8:00 a.m. Eastern Time.
  • The company plans to release first quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, May 3, 2023.
  • Webcast and Conference Call Details:

Root, Inc. to Participate in the Jefferies Insurtech Conference

Retrieved on: 
Friday, March 17, 2023
Insurance, Webcast, Entrepreneurship, Jefferies, Conference, Root, Inc., Cryptocurrency, Customer service

COLUMBUS, Ohio, March 17, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that Alex Timm, Co-Founder and CEO, will participate in a virtual fireside chat moderated by Yaron Kinar at the Jefferies Insurtech Conference on Tuesday, March 21, 2023 at 12:50 p.m.

Key Points: 
  • COLUMBUS, Ohio, March 17, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that Alex Timm, Co-Founder and CEO, will participate in a virtual fireside chat moderated by Yaron Kinar at the Jefferies Insurtech Conference on Tuesday, March 21, 2023 at 12:50 p.m.
  • ET.
  • The fireside chat will be available live on the Jefferies website , and a replay of the webcast will be available for a limited time after the presentation concludes.

Root, Inc. Not Materially Impacted by Silicon Valley Bank Closure

Retrieved on: 
Saturday, March 11, 2023
Insurance, Root, Inc., SVB, Silicon Valley Bank, Cryptocurrency, Bank

COLUMBUS, Ohio, March 11, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that it currently maintains approximately $1.3 million on deposit with Silicon Valley Bank (“SVB”).

Key Points: 
  • COLUMBUS, Ohio, March 11, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that it currently maintains approximately $1.3 million on deposit with Silicon Valley Bank (“SVB”).
  • The Company considers its own banking exposure to any liquidity concern at SVB as immaterial to the Company’s cash position.
  • The Company plans to transfer its funds from SVB at the earliest opportunity.

Drive Capital Announces $80M Seed Program to Invest in Startups Inside the Driveway

Retrieved on: 
Wednesday, March 8, 2023
Gene, Drive Capital, Capital, Hudson River, IPO, City, Rocky Mountains, Entrepreneurship, Drive, Root, Inc., Cryptocurrency

With its first iteration of the new program, Drive will invest $500,000 in pre-seed and seed companies located in Chicago, Atlanta, Columbus, Denver, and Toronto.

Key Points: 
  • With its first iteration of the new program, Drive will invest $500,000 in pre-seed and seed companies located in Chicago, Atlanta, Columbus, Denver, and Toronto.
  • Drive’s Seed Program further supports the firm’s mission of investing in the overlooked outliers building world defining companies across North America.
  • The program will allow Drive to support the next generation of early-stage founders from idea until IPO.
  • "For early-stage startup companies, access to capital is critical," said Chris Olsen, Co-Founder and Partner at Drive Capital.

Root, Inc. Announces 2022 Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, February 22, 2023
Letter, Root, Inc., Webcast, Conference call, News, Baozou Big News Events, Conference, Cryptocurrency, Broadcasting

COLUMBUS, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 2022.

Key Points: 
  • COLUMBUS, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced financial results for the quarter and year end December 31, 2022.
  • Root’s fourth quarter and full year financial results and management commentary can be found by accessing the shareholder letter posted to the company’s investor relations website at ir.joinroot.com .
  • Root will host a conference call and earnings webcast to discuss the results tomorrow, Thursday, February 23, at 8:00 a.m. Eastern Time, and to provide an update on company operations.
  • To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com .

Root, Inc. Schedules Conference Call to Discuss Fourth Quarter 2022 Financial Results

Retrieved on: 
Thursday, January 19, 2023
Webcast, Conference, Conference call, Root, Inc., Video game, Broadcasting, Bank

COLUMBUS, Ohio, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the fourth quarter on Thursday, February 23, 2023 at 8:00 a.m. Eastern Time.

Key Points: 
  • COLUMBUS, Ohio, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the fourth quarter on Thursday, February 23, 2023 at 8:00 a.m. Eastern Time.
  • The company plans to release fourth quarter results in the investor relations section of its website at ir.joinroot.com after the close of the financial markets on Wednesday, February 22, 2023.
  • Webcast and Conference Call Details: