Root

ROOT

Valor de mercado US$ 782 mi

TORONTO--(BUSINESS WIRE)--Roots Corporation (the “Company” or “Roots”) (TSX: ROOT) today announced receipt of the final order of the Ontario Superior Court of Justice (Commercial List) (the “Final Order”) with respect to the previously-announced plan of arrangement under the Canada Business Corporations Act, pursuant to which Marquee Brands LLC, through its strategic operating partner JM&A Design & Development Inc., will acquire all of the outstanding common shares of the Company for C$.

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Embedded insurance is transforming coverage distribution. Explore how PGR, CB, TRV, AIZ and ROOT are tapping into this fast-growing market.

COLUMBUS, Ohio, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced its plans to host a conference call on Wednesday, November 4, 2026 at 5:00 p.m. Eastern Time to discuss financial results for the third quarter 2026 and provide an update on company operations. The company plans to release its third quarter results in the Investor Relations section of its website at ir.joinroot.com following the close of the financial markets on Wednesday, November 4, 2026.

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Root extends its exclusive Carvana insurance deal through at least August 2028, strengthening embedded distribution as Direct competition intensifies.

ROOT's underwriting and EBITDA improved in the first half of 2026, but slower premium growth and rising loss costs complicate its profitable growth path.

ROOT shares fell 12% in a month as premium growth slowed and loss costs rose, while profitability held up and a new pricing model targets 2027.

ROOT has shifted from hypergrowth toward disciplined underwriting, prioritizing sustainable margins over aggressive premium expansion. H1 2026 net combined ratio improved to 91.7%, while the expense ratio fell to 27.6%, showing meaningful operating leverage. Distribution is diversifying through brokers, marketplaces, and embedded partnerships as ROOT reduces dependence on expensive direct customer acquisition.

Root's expanding partnerships diversify distribution and support underwriting gains, but higher acquisition costs could test profitability.