Root reports Q2 2026 results

Root Insurance released its Q2 2026 results, ending the period with ~484k policies-in-force, a 6% increase compared to Q2 2025. Root’s policy count fell by 11,508 during the quarter. The company said it managed growth with discipline in a competitive direct market.

Root reported gross premiums written of $340 million in the quarter, down 2% YoY.

Net loss and LAE ratio for the quarter was 66% and net combined ratio was 92.1%.

The company spent $25 million on sales and marketing during the quarter, compared to ~$37 million in Q2 2025.

Root generated net income of $25 million during the quarter, an increase of 15% YoY.

The company repurchased more than $20 million of shares under its $75 million repurchase authorization.

As of June 30, 2026, Root had $509.6 million in cash and cash equivalents, of which $239.5 million was held outside of regulated insurance entities.

“Over the long term, we believe the best growth strategy is to build the best insurance product in the world, and that begins with pricing. Better risk selection enables better prices, stronger unit economics, and a product more customers choose and love.” – Root.