Root, Inc. reported third-quarter 2026 financial results showing $381 million in revenue and $14 million in net income, compared to a net loss of $5 million in the prior-year period. Adjusted EBITDA was $34 million, while gross written premium declined 8% year-over-year to $358 million due to lower premiums per policy and disciplined underwriting in the Direct channel. The company ended the quarter with 484 thousand policies in force, up 4% year-over-year, and delivered a 97.2% net combined ratio. Additionally, Root repurchased $36.2 million of its shares during the quarter under an existing authorization. Root operates as a personal auto insurance carrier leveraging data science and telematics.
