Every material Form 8-K Root, Inc. has filed with the SEC since August 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Root reported third-quarter 2026 results, with revenue of $381 million, down from $388 million a year earlier, and net income of $14 million compared with a net loss of $5 million in the prior-year period. Gross written premium fell 8% year over year as the company traded off some Direct policy growth against competitors' pricing, which matters to shareholders because top-line shrinkage and profit gains point in different directions.
Net income was $14 million versus a net loss of $5 million a year earlier; adjusted EBITDA was $34 million, broadly consistent with the prior-year period.
Gross written premium was $358 million, down 8% year over year, and gross earned premium was $356 million, down 5%.
Net combined ratio was 97.2%, improved 4.9 points year over year; gross accident period loss ratio was 61.1%.
The company repurchased $36.2 million of shares in the quarter under its $75 million authorization.
Root, Inc. entered into agreements with Carvana on August 31, 2026, cancelling Carvana's long-term warrants issued October 1, 2021, and issuing a new warrant for up to 1,525,560 Class A shares, exercisable only if conditions tied to insurance sales through the Integrated Platform are met. The filing also amends the commercial agreement, investment agreement and registration rights agreement between the companies, including changes to term, non-renewal notice and exclusivity.
Carvana surrendered and Root cancelled all outstanding long-term warrants issued October 1, 2021
New warrant covers up to 1,525,560 Class A common shares, split into five tranches of 305,112 shares each
Each tranche is subject to conditions, including milestones tied to insurance sales through the Integrated Platform
Second Amendment to the Commercial Agreement changes term, non-renewal notice and exclusivity terms
Root reported results for the quarter ended June 30, 2026, with revenue of $389 million, up 2% year-over-year, and net income of $25 million, up 15%. Gross written premium fell 2% to $340 million as the company grew more selectively in a competitive Direct market. The company also refinanced its $200 million debt into a new term loan and repurchased more than $20 million of shares.
Revenue of $389 million, up 2% year-over-year; adjusted EBITDA of $44 million, up 16%
Gross written premium of $340 million, down 2% year-over-year; policies in force of 484 thousand, up 6%
Net combined ratio of 92.1%, improved from the prior-year period, driven primarily by expense discipline
Refinanced $200 million of existing debt into a new term loan led by The Huntington National Bank; repurchased more than $20 million of shares under a $75 million authorization
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Root, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →