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Mar 31, 2021
Root Q1 2021 Earnings Report
Root reported strong financial and operating performance.
Key Takeaways
Root delivered its first $200 million-plus quarter of Direct Written Premium, along with $6 million in Gross Profit and $27 million in Direct Contribution, driven by improvements in loss ratio.
Direct Written Premium increased 23% to $203 million.
Direct Earned Premium increased 11% to $160 million.
Direct Loss Ratio improved 22 points to 71%.
Gross Profit increased by $23 million to $6 million.
Forward Guidance
Forward-looking statements relate to future performance, expected financial results for 2021, ability to retain and acquire customers, and ability to improve retention rates and release new products.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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