Root Inc
NASDAQ:ROOT

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Root Inc
NASDAQ:ROOT
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Price: 72.77 USD 0.44% Market Closed
Market Cap: 1.1B USD
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Root Inc
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Root Inc
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Root Inc
NASDAQ:ROOT
Tax Provision
$0
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Travelers Companies Inc
NYSE:TRV
Tax Provision
-$1.1B
CAGR 3-Years
-11%
CAGR 5-Years
-19%
CAGR 10-Years
2%
Allstate Corp
NYSE:ALL
Tax Provision
-$943m
CAGR 3-Years
16%
CAGR 5-Years
-9%
CAGR 10-Years
4%
Progressive Corp
NYSE:PGR
Tax Provision
-$2.1B
CAGR 3-Years
-27%
CAGR 5-Years
-19%
CAGR 10-Years
-14%
Markel Corp
NYSE:MKL
Tax Provision
-$840.9m
CAGR 3-Years
-13%
CAGR 5-Years
-36%
CAGR 10-Years
-27%
Cincinnati Financial Corp
NASDAQ:CINF
Tax Provision
-$799m
CAGR 3-Years
-9%
CAGR 5-Years
-33%
CAGR 10-Years
-17%
No Stocks Found

Root Inc
Glance View

Market Cap
1.1B USD
Industry
Insurance

Root Inc., a company that set foot in the insurance landscape with a tech-savvy mindset, has been shaking up the traditional auto insurance industry by leveraging technology and consumer-centric strategies. Founded in 2015, Root's mission was to transform what they saw as an antiquated approach to insurance pricing. They did so by employing a mobile-first model, where potential customers download an app and undertake a test drive to gauge their driving habits. Using telematics, Root collects data during this period to assess the driver’s habits and accordingly offer customized premiums based on actual driving behavior rather than traditional factors such as age or credit score. This innovative approach aims to appeal especially to younger, tech-savvy clients, who appreciate personalization and transparency in their insurance products. The company’s business model hinges on technology-driven personalization, aiming to underwrite risk more accurately and reward good drivers with lower rates. It generates revenue primarily through the premiums paid for insurance policies. Root has expanded its product portfolio beyond auto insurance, now including renters' and homeowners' insurance to create a comprehensive risk management framework for its clients. Despite facing challenges inherent in the competitive insurance industry, such as market volatility and the financial implications of underwriting risk, Root continues to focus on refining its technology and expanding its user base. Through this, Root endeavors to couple cutting-edge tech with insurance, aiming to carve out a profitable niche while also disrupting traditional industry norms.

ROOT Intrinsic Value
63.99 USD
Overvaluation 12%
Intrinsic Value
Price

See Also

What is Root Inc's Tax Provision?
Tax Provision
0 USD

Based on the financial report for Dec 31, 2023, Root Inc's Tax Provision amounts to 0 USD.

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