Root
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The stock was hovering around $40 per share just before closing. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Hippo shares were up 20%, while Root’s shares dropped over 20%.
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The InsurTech maintained a disciplined approach to deploying capital.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Root’s improved results make it an attractive acquisition, not a comeback story.
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The InsurTech’s shares gained over 50% in value on Thursday.
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The price movement came amid a tech stock rally on Wall Street.
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The company posted favorable development in the last quarter of 2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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“We're certainly not banking on inflation abating at this moment in time,” Alex Timm told analysts.
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