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Root Inc (Root) is a technology-based insurance company that provides solutions through data science and technology. The company’s insurance policy covers bodily injury and property damage, roadside assistance, collision, rental, and motorist property damage. Root's primary product is its mobile app, which allows users to manage their policies, file claims, and receive personalized insurance rates. It offers car insurance, liability insurance, renters insurance, medical insurance, homeowners insurance, auto insurance, and claims management. The company has operations across the US. Root is headquartered in Columbus, Ohio, the US.
Headquarters
United States of America
Address
Suite 500, 80 E Rich Street, Columbus, Ohio, 43215-5249
Website
joinroot.com
Telephone
1 302 4797764
No of Employees
1,256
Industry
Financial Services
Ticker Symbol & Exchange
ROOT (NASD)
Revenue (2024)
$1.5B
29%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
33.7%
(2024 vs 2023)
Market Cap*
$817.9M
Net Profit Margin (2024)
XYZ
3.4%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Insurance | Insurance Claims Services |
| Car Insurance | |
| Liability Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In September, the company and Carvana extended their embedded insurance agreement through August 2028. |
| 2026 | Contracts/Agreements | In August, the company signed a partnership with TheZebra.com to streamline shopping for and purchasing auto insurance faster and easier for consumers and agents. |
| 2026 | New Products/Services | In July, the company introduced mobile-first, behavior-based car insurance in New Jersey, the US. |
Competitor Comparison
| Key Parameters | Root Inc | The Allstate Corp | Government Employees Insurance Company | Avinew Inc | CoverHound LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Columbus | Northbrook | Chevy Chase | San Juan Capistrano | Carlsbad |
| State/Province | Ohio | Illinois | Maryland | California | California |
| No. of Employees | 1,256 | 53,000 | 28,000 | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Alexander Timm | Chief Executive Officer; Co-Founder; Director | Executive Board | 2026 | 37 |
| Megan Binkley | Chief Financial Officer | Senior Management | 2023 | 42 |
| Matt Bonakdarpour | President; Chief Technology Officer | Senior Management | 2024 | 39 |
| Jon Allison | Chief Administrative Officer | Senior Management | - | 59 |
| Kelly Ruoff | Chief Communications Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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