Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M
News Source : Insurance Journal
News Summary
- Root Inc. reported a first quarter 2026 net income of $35.9 million.
- Net premiums during Q1 were $383.4 million compared with $392 million last year.
- For Q1 the combined ratio came in at 91.4 compared with 95.6 a year ago.
- Now operating in 36 states, Root said it scheduled to arrive in New Jersey in 2026 with Wyoming, Massachusetts, North Carolina, Michigan, Idaho, and Maine pending regulatory approval.“The core activities of what it means to be an insurance company are squarely in the cross hairs of AI,” said Alex Timm, co-founder and CEO.
Root Inc. reported a first quarter 2026 net income of $35.9 millionthe best quarterly result in the companys historycompared with net income of $18.4 million for the same period in 2025.In a lette [+2222 chars]
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