Root loss ratio drops 22 points to 71% in Q1
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Root loss ratio drops 22 points to 71% in Q1

Bernard Goyder
May 05, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Root-blurred-app.gif

Auto insurer Root’s loss ratio dropped 21.9 points in Q1 to 70.9%, in a sign that the loss ratio is on the road to improvement after a challenging start to life for the InsurTech as a public company.

The carrier made an operating loss of $94.3mn during the three-month period, down from a loss of $99.9mn during the first quarter of 2020.

Root

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsResultsPersonal LinesInsurTechRoot
BG
Bernard Goyder
Gift this article