Root Q4 net loss widens to $133mn as PIF remains flat, loss ratio drops nearly 17 points
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Root Q4 net loss widens to $133mn as PIF remains flat, loss ratio drops nearly 17 points

James Thaler
February 25, 2021
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Root logo Ohio.jpg

Root’s net loss grew to $133mn in the fourth quarter, increasing from its $85mn loss a year ago, as the company registered direct loss ratio improvement but recorded higher sales and marketing costs and net earned premiums dropped by almost three-quarters due to higher reinsurance cessions.

Direct written premium (DWP) growth remained sluggish in the quarter, as the InsurTech grew its top line by only 1.4%

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