# Root Inc.

> Root Inc. is a publicly traded insurance company that combines driving data, underwriting technology, and a mobile app to sell personal auto coverage. It reaches U.S. drivers directly, through independent agents, and through partners such as Carvana. After years of losses and restructuring, it recorded its first profitable full year in 2024.

- **Founded:** 2015
- **Headquarters:** Columbus, United States
- **Founders:** Alex Timm (Co-Founder and CEO), Dan Manges (Co-Founder and founding CTO; transitioned to an advisory role in 2021)
- **Products:** Root auto insurance, Root renters insurance, Carvana Insurance Built with Root, Root mobile app and claims service
- **Notable:** First full-year GAAP profit in 2024: $30.9 million., 2025 GAAP net income of $40.3 million., First-half 2026 GAAP net income of $61.3 million.

## Products & services

- **Root auto insurance** — Personal auto coverage sold directly, through independent agents, and through partners; mobile policy servicing and driving-data-based pricing where permitted. Began writing auto policies in July 2016.
- **Root renters insurance** — Coverage for personal property, personal liability, and eligible additional living expenses in selected states; introduced in 2019.
- **Carvana Insurance Built with Root** — Insurance integrated into Carvana’s car-buying process, launched publicly in July 2022 with a three-step purchase experience.
- **Root mobile app and claims service** — Policy purchases and changes, insurance cards, payments, claim initiation, and driving measurement where applicable. The app is available for iOS and Android.

## Achievements

- First full-year GAAP profit in 2024: $30.9 million.
- 2025 GAAP net income of $40.3 million.
- First-half 2026 GAAP net income of $61.3 million.
- Carvana partnership surpassed 200,000 policies sold by April 2026.
- Auto coverage reached 38 states in October 2026.
- More than 18 million app downloads and more than 37 billion miles of driving data reported in October 2026.

## Latest updates

- **2026-10** — October 21: launched auto insurance in Wyoming, bringing availability to 38 states; eligible drivers can buy immediately without a test drive.
- **2026-10** — October 22: announced participation in November TD Cowen and Stephens investor conferences.
- **2026-09** — Extended the Carvana embedded agreement through at least August 2028.
- **2026-08** — Announced a real-time quoting and agent integration with The Zebra.
- **2026-08** — Announced a 15% average Florida premium reduction, attributing it to lower litigation-related costs after reforms.
- **2026-08** — Reported second-quarter 2026 results; first-half revenue was $782.7 million and net income was $61.3 million.

## Links

- Website: https://joinroot.com
- LinkedIn: https://www.linkedin.com/company/rootinsurance/
- Twitter/X: https://twitter.com/rootinsurance/
- GitHub: https://github.com/Root-App
- YouTube: https://www.youtube.com/c/RootInsurance
- Instagram: https://www.instagram.com/rootinsurance/
- Facebook: https://www.facebook.com/rootinsurance/

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Profile page: https://yespress.io/root-inc
Published by YesPress — https://yespress.io
Last updated: 2026-10-24