Root (ROOT) risk factors
Item 1A of every Root, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors62 risks4 new7 dropped15 reworded
Geographic concentration increased with California added alongside Texas, Georgia, and Florida, now totaling 46.9% of gross premiums. Regulatory oversight and state licensing compliance remain vital operational constraints. Anti-takeover provisions and exclusive partnerships like Carvana shape corporate structure.
Filed Feb 25, 2026 - FY2024 10-K risk factors65 risks
Root faces continuous net losses, with $147.4 million in 2023, requiring careful capital and regulatory surplus management. The business relies heavily on telematics data, mobile platforms, and partnerships like Carvana for distribution. Severe geographic concentration in Texas, Georgia, and Florida creates high exposure to catastrophic weather losses.
Filed Feb 26, 2025