Root, Inc.
Close on Oct 19, 2026
- Market cap
- $889.44M
- P/E (TTM)
- 14.8
- Dividend yield
- –
About Root
Fire, Marine & Casualty Insurance, SIC 6331
Root is a technology-enabled insurance carrier that primarily serves consumers in the United States personal auto insurance market. The company utilizes smartphone telematics, proprietary algorithms, and machine learning models to assess individual driving behaviors—such as braking, turning, and driver attention—to price policies based on performance rather than traditional demographic pools. Operating as a full-stack insurer, Root develops, underwrites, administers, and settles claims for its policies. The company distributes products through direct mobile and online digital channels, as well as partnership channels that include automotive platforms, financial services firms, and independent insurance agents.
The company operates actively in 36 states, with subsidiary insurance licenses spanning all 50 states and the District of Columbia. As of December 31, 2025, Root employed 1,256 full-time workers. Its primary regulated insurance operating subsidiaries are domiciled in Ohio and Florida, while its reinsurance entity is based in the Cayman Islands. Root does not state the city or location of its corporate headquarters in the provided text.
Summary of the business section of Root's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Root, Inc.
- Headquarters
- Columbus, OH
- Address
- 80 E Rich Street, Suite 500 43215
- Phone
- (866) 980-9431
- Website
- joinroot.com
- Employees
- 1,256, Dec 31, 2025
- Industry
- Fire, Marine & Casualty Insurance
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, Columbus, Ohio
Stock & identifiers
- Ticker
- ROOT
- Exchange
- Nasdaq
- IPO date
- Oct 29, 2020
- Shares outstanding
- 15M, Jul 29, 2026
- Public float
- $1.60B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-18 reverse, Aug 15, 2022; 1-for-18 reverse, Aug 12, 2022
- SEC CIK
- 1788882
- CUSIP
- 77664L207
- ISIN
- US77664L2079
- EIN
- 84-2717903
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Alexander E. Timm | Chief Executive Officer, Director | 19,453,725 |
| Ryan Forish | Chief Accounting Officer | 23,444 |
| Megan Binkley | Chief Financial Officer | 134,817 |
| Jonathan Allison | Chief Administrative Officer | 68,356 |
| Mahtiyar Bonakdarpour | President and CTO | 541,011 |
| Jerri Devard | Director | 21,396 |
| Nancy J. Kramer | Director | 30,797 |
| Beth A. Birnbaum | Director | 17,144 |
| Doug Ulman | Director | 37,807 |
| Lawrence A. Hilsheimer | Director | 145,455 |
| Julie Szudarek | Director | 14,696 |
| Donna Dorsey | Director | 12,820 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $8.16M | $14.11M | $4.16M | $26 | $87 |
| FY2024 | $10.65M | $33.63M | $5.44M | $26 | $92 |
| FY2023 | $8.69M | $9.71M | $3.72M | $4 | $61 |
| FY2022 | $5.13M | -$3.00M | $5.23M | $2 | $51 |
| FY2021 | $5.78M | -$25.19M | $9.76M | $20 | $83 |
| FY2020 | $3.86M | $24.26M | $2.15M | $58 | $136 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 1,256 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 29, 2020 | IPO | Initial public offering priced (424B4 prospectus) |
| Oct 23, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
| Sep 17, 2020 | Name change | Name changed from Root Stockholdings, Inc. to Root, Inc. |