Root Q2 auto policies in force tumble 20% as GWP sinks 21%

August 08, 2022

Root’s Q2 auto policies in force shrank 20.3% to 297,716 compared with 373,721 a year earlier, as the company reduced its marketing spend and slowed new business growth amid what it called “one of the most difficult periods for auto insurers in decades".

The Insurtech reported an operating loss of $0.36 per share for Q2 2022, compared with the $0.72 loss reported in Q2 2021.

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