Rolling with Root: A Cinematic Take on The Insurtech’s 4Q23 Epic and Full-Year Saga

Posted on February 26, 2024 by Kaenan Hertz

Join us on a cinematic journey through Root Insurance’s 4Q23 and full-year results, where financial figures meet classic movie charm. From the suspense of their combined ratio to the blockbuster potential of their revenue growth, discover what regional carriers can learn from Root’s daring strategy. It’s an epic tale of resilience, innovation, and strategic investment that’s not just about surviving the insurtech arena but thriving in it. Lights, camera, action—let’s delve into the financial drama and uncover the strategic takeaways that could script your company’s success story. […]

Root and Lemonade 2Q22 – a tale of country roads

Posted on August 9, 2022 by Kaenan Hertz

Kaenan HertzKaenan is a professional in the areas of block chain, telematics, wearables, analytics, artificial intelligence (AI) and Insurtech. He has played a key role in innovating many start-ups and established carriers. His advice has been widely appreciated in the financial community, which resulted in multiple quotes and publications in various media. Most recently he […]

$152,542: Unpacking Insurtech Root’s 3Q2020 Earnings

Posted on December 1, 2020 by Kaenan Hertz

Insurtech Root Insurance just held its first earnings call as a publicly-traded company. Investors don’t seem too pleased with the results. The stock was down nearly 10% in after-hours trading (8:15PM). Adding insult to injury, the Oregon Department of Consumer and Business Services today levied civil penalties against Root and Allstate Insurance for canceling policies violating state COVID-19 emergency orders. […]

Insurtech Root Insurance 2020 IPO Unpacked

Posted on October 21, 2020 by Kaenan Hertz

The Root of Insurance is Profitable Coverage (Hint: A 63% 1st-year retention rate doesn’t help) Insurtech Root, a mobile-first (only) carrier announced its intent to go public this week. Their SEC filing can be seen here. This comes on the heels of their latest funding round in 2019 of $350M at an estimated valuation of […]

Root raises $350M for a total of $527M

Posted on August 20, 2019 by Kaenan Hertz

Root Insurance Company the Insurtech auto carrier just closed another round of financing @ $350M, bringing their total raised to $527M. 2018 premiums were $106M according to S&P Global. What does this mean for an incumbent #carrier? Watch the video to see a #Bull and #Bear take on their success. For details on the round […]