Root reports Q1 2026 results

Root Insurance released its Q1 2026 results, ending the period with ~495k policies-in-force, a 9% increase compared to Q1 2025. Root added 13,560 policies to its overall count during the quarter.

Root reported gross premiums written of $389 million in the quarter, compared to $411 million in the first quarter of 2025, which was impacted by a stronger than
anticipated growth environment driven by the news of impending tariffs.

Net loss and LAE ratios improved by ~2 percentage points to 62.2%.

Net combined ratio improved by 4.2 percentage points to 91.4%.

The company spent $27 million on sales and marketing during the quarter, compared to ~$51 million in Q1 2025.

Root generated net income of $36 million during the quarter, an increase of $18 million compared to Q1 2025.

The company announced that it repaid its existing $200 million term loan facility with BlackRock using a new term loan facility led by The Huntington National Bank. In addition, Root’s board of directors has authorized the company to repurchase up to $75 million of its Class A common stock.