Root Q2 net income rises 15% to $25 million on 2% revenue growth
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
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.