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Insurtech Root Inc. Results Improve but Remain at a Net Loss

February 22, 2024

Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million.

Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and about $298 million for all of 2022.

The Columbus, Ohio-based company’s Q4 net combined ratio was about 112, an improvement from the near 180 combined ratio of Q4 2022. Root finished 2023 with a combined ratio of 133.2 versus 195 the year prior.

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