Root Q1 auto policies in force shrink, GWP falls by 8%

April 27, 2022

Root’s Q1 auto policies in force shrunk 6.9% year-over-year to 335,000, compared with 360,000 at the end of last year’s first quarter, amid a tightening of its underwriting process, as well as rate action in response to inflationary pressures.

The auto insurer reported an operating loss of $0.30 per share for the three-month period ended March 31, narrowing from a $0.40

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