Root Inc
NASDAQ:ROOT

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Root Inc
NASDAQ:ROOT
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Price: 78.81 USD 4.32% Market Closed
Market Cap: 1.2B USD
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Balance Sheet

Balance Sheet Decomposition
Root Inc

Cash & Short-Term Investments 674.8m
Insurance Receivable 308.7m
Deferred Policy Acquisition Cost 26.5m
Long-Term Investments 270.6m
Other Assets 281.3m
Insurance Policy Liabilities 793m
Long Term Debt 293.3m
Other Liabilities 181.7m

Balance Sheet
Root Inc

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Balance Sheet
Currency: USD
Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023
Assets
Cash & Cash Equivalents
122
392
1 113
706
762
679
Cash Equivalents
122
392
1 113
706
762
679
Insurance Receivable
35
123
130
148
112
247
Deferred Policy Acquisition Cost
2
3
0
0
0
0
Other Current Assets
13
17
113
101
74
48
Total Current Assets
13
17
113
101
74
48
PP&E Net
4
10
9
15
10
6
PP&E Gross
4
10
9
15
10
6
Accumulated Depreciation
1
2
5
10
13
13
Intangible Assets
3
7
10
13
16
19
Long-Term Investments
5
119
222
135
133
170
Other Long-Term Assets
15
28
4
1
1
2
Other Assets
18
29
163
201
204
176
Total Assets
216
N/A
729
+237%
1 762
+142%
1 319
-25%
1 313
0%
1 348
+3%
Liabilities
Insurance Policy Liabilities
100
312
483
602
544
622
Accounts Payable
11
30
48
29
40
66
Accrued Liabilities
0
0
0
14
18
16
Short-Term Debt
0
0
0
0
0
0
Current Portion of Long-Term Debt
0
100
100
0
0
0
Total Current Liabilities
11
129
148
43
58
82
Long-Term Debt
15
93
89
0
288
291
Other Liabilities
3
8
10
26
35
75
Total Liabilities
129
N/A
542
+320%
730
+35%
671
-8%
924
+38%
1 070
+16%
Equity
Common Stock
190
560
0
112
112
112
Retained Earnings
103
385
748
1 270
1 568
1 715
Additional Paid In Capital
0
11
1 776
1 806
1 851
1 883
Unrealized Security Profit/Loss
0
1
6
0
6
3
Treasury Stock
0
0
1
0
0
0
Other Equity
0
0
0
0
0
0
Total Equity
87
N/A
186
+114%
1 032
+454%
648
-37%
389
-40%
278
-29%
Total Liabilities & Equity
216
N/A
729
+237%
1 762
+142%
1 319
-25%
1 313
0%
1 348
+3%
Shares Outstanding
Common Shares Outstanding
14
14
14
14
14
15
Preferred Shares Outstanding
0
0
0
14
14
14

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