Root (NasdaqGS:ROOT) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAlex Timm - Co-founder and CEOAndrew Kligerman - Managing DirectorElyse Greenspan - Managing DirectorJason Shapiro - SVP of Business DevelopmentMatt LaMalva - Head of Investor Relations and Corporate DevelopmentMegan Binkley - CFOTommy McJoynt-Griffith - Director of Equity ResearchConference Call ParticipantsNone - AnalystOperatorGreetings, welcome to the Root, Inc. fourth quarter earnings conference call. At this t ...

Root (NasdaqGS:ROOT) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Speaker6Greetings, welcome to the Root, Inc. fourth quarter earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to Matt LaMalva, Head of Investor Relations ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from_____to_____ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39658 ROOT, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...

1 Letter to Shareholders: FY 2025 2 Letter to Shareholders: FY 2025 Dear Root Shareholders I am pleased to share that in 2025 we grew our revenues 29% while growing our net income 30%. These results show Root in an enviable position: having more than $1.5 billion in revenue in the largest P&C line of business in the country, with demonstrated net income profitability, and impressive growth rates. All of these factors are critical to understanding our strategic position: Key annual metrics Key quarterly metr ...

Core Insights - Root, Inc. announced its financial results for Q4 and the full year ended December 31, 2025, highlighting its performance and management commentary available on the investor relations website [1] - A conference call and earnings webcast will be held on February 25, 2026, at 5:00 p.m. Eastern Time to discuss the results and provide updates on company operations [2][3] Company Overview - Root, Inc., founded in 2015 and based in Columbus, Ohio, is the parent company of Root Insurance Company, focusing on revolutionizing insurance through data science and technology [4] - The Root app has achieved over 17 million downloads and has collected more than 35 billion miles of driving data to enhance its insurance offerings [4]

Core Insights - Root, Inc. is participating in the 2026 AIFA Conference, a significant event for the insurance industry, scheduled for March 1-3, 2026, in Naples, Florida [1][2] - The company will not have a formal presentation but will engage in one-on-one and group meetings with institutional investors, with relevant materials available on their Investor Relations website [2] Company Overview - Root, Inc., founded in 2015 and based in Columbus, Ohio, is the parent company of Root Insurance Company, focusing on revolutionizing insurance through data science and technology [4] - The Root app has achieved nearly 16 million downloads and has collected over 34 billion miles of driving data to enhance its insurance offerings [4]

Core Viewpoint - MustGrow Biologics Corp. has successfully completed a 2-year field trial program demonstrating that its TerraMGTM technology can effectively suppress clubroot disease and enhance canola yields in the Canadian Prairies [1][4]. Group 1: Company Overview - MustGrow Biologics Corp. is focused on developing sustainable agricultural solutions, particularly through its organic biocontrol product TerraMGTM, which targets soil-borne diseases like clubroot [3][10]. - The company is working towards registering TerraMGTM with Health Canada's Pest Management Regulatory Agency [3]. Group 2: Industry Context - Clubroot is a significant threat to canola production in Canada, with no effective products currently available for its suppression, leading to substantial economic losses for farmers [2][7]. - Canola is Canada's most valuable field crop, with a production value of approximately $14 billion in 2025, highlighting the importance of effective disease management solutions [2]. Group 3: Trial Results - In the 2024 field trials, TerraMGTM achieved up to a 95% reduction in clubroot spores, resulting in a yield increase of up to 7 bushels per acre, translating to an additional $91 per acre for farmers [5]. - The 2025 trials showed a less significant yield increase of 1-2 bushels per acre due to lower clubroot prevalence in a drier season [6]. Group 4: Product Mechanism - TerraMGTM operates by releasing isothiocyanates from mustard seed meal, which have fungicidal and biocidal properties effective against clubroot and other soil-borne pathogens [3][4]. - The technology aims to improve soil conditions and promote healthier root systems, thereby enhancing overall crop yields [8][9].

Core Viewpoint - Root, Inc. is set to announce its financial results for Q4 and full year 2025 on February 25, 2026, and will host a conference call to discuss these results and provide operational updates [1]. Group 1: Conference Call Details - The conference call will take place on February 25, 2026, at 5:00 p.m. Eastern Time [2]. - Participants can join the call using a toll-free number (1-877-269-7751) or a toll number (1-201-389-0908) [2]. - A webcast of the call will be available for on-demand viewing shortly after the event on the company's Investor Relations page [2]. Group 2: Company Overview - Root, Inc. was founded in 2015 and is headquartered in Columbus, Ohio [3]. - The company aims to revolutionize the insurance industry through data science and technology, providing a personalized and fair experience for consumers [3]. - The Root app has achieved over 16 million downloads and has collected more than 34 billion miles of driving data to enhance its insurance offerings [3].

Company Overview - Rebel Bourbon has reintroduced Rebel Root Beer Whiskey, an innovative product that combines traditional bourbon with root beer flavors [1][2] - The whiskey is distilled in Bardstown, Kentucky, by Lux Row Distillers, maintaining a wheated mash bill that dates back to 1849 [6] - Luxco, the parent company, has been a significant player in the beverage alcohol industry since its founding in 1958, operating multiple distilleries and offering a diverse portfolio of brands [7] Product Details - Rebel Root Beer Whiskey is bottled at 70 proof (35% ABV) and is priced at a minimum suggested retail price of $19.99 for a 750mL bottle and $0.99 for a 50mL bottle [1][2] - The whiskey features a flavor profile that includes sassafras, vanilla, licorice, molasses, bourbon whiskey, caramel, and honey notes, culminating in a sweet and spicy finish [3] Marketing and Consumer Engagement - The brand manager, Philip Lux, emphasized the product's fun and rule-free nature, promoting its versatility for various consumption methods [4] - Marketing initiatives include merchandise giveaways and promotional events featuring "Shoot the Root" branding [4] Awards and Recognition - Rebel Bourbon has received multiple industry accolades, including Single Barrel American Whiskey of the Year for Rebel 10-Year Single Barrel at the 2025 Bartender Spirits Awards [6]

Summary of Root (NasdaqGS:ROOT) FY Conference Call - January 12, 2026 Company Overview - **Company Name**: Root - **Founded**: 2015 - **Public Listing**: 2020 - **Industry**: Insurtech (Insurance Technology) - **Core Business**: Car insurance based on driver behaviors using mobile technology and data science - **Market Position**: Largest insurtech in the U.S. with strong underwriting records [1] Key Points and Arguments Business Model and Growth - Root leverages mobile technology and data science to offer personalized insurance rates based on driver behavior rather than demographics [1][5] - 50% of Root's business comes from direct sales, with additional revenue from embedded products (e.g., Carvana Insurance) and independent agents [6][7] - The company has reached profitability and emphasizes creating better customer experiences through technology [7] Distribution Channels - **Direct Channel**: Grew by 100% in 2023 due to competitors pulling back on advertising; Root uses advanced bidding algorithms to target customers effectively [10][11] - **Embedded Channel**: Experiencing rapid growth, with a partnership with Hyundai to integrate insurance into vehicle purchase processes [11][34] - **Independent Agents**: Fastest-growing segment, tripling year-over-year; Root's technology simplifies the insurance quoting process for agents [12][18] Competitive Advantages - Root's technology allows for real-time pricing adjustments and efficient data processing, significantly reducing the time agents spend on quotes [20][18] - The company can update pricing models more frequently than competitors, enhancing its ability to respond to market changes [23][36] - Root's closed-loop system and modern API infrastructure provide a significant edge over traditional insurers still using outdated systems [24][25] Market Opportunities - The U.S. auto insurance market is valued at $300 billion, with Root currently holding less than 1% market share, indicating substantial growth potential [41] - Root plans to expand its partnerships with OEMs and financial services companies to further penetrate the market [40][41] Strategic Focus - Root prioritizes disciplined growth over short-term earnings targets, ensuring that new business ventures meet internal return thresholds [15][39] - The company aims to enhance its technology for daily pricing updates and expand its national footprint, having recently gained approval in New Jersey [36][41] Future Outlook - Continued investment in technology and partnerships is expected to drive growth, with a focus on improving customer experience and operational efficiency [34][41] - Root anticipates further market share gains as it scales its operations and enhances its product offerings [41][42] Additional Important Insights - Root's approach to AI is not limited to chatbots; it utilizes advanced predictive algorithms for underwriting and risk assessment [30][32] - The company is exploring new marketing channels, including connected TV and social media, to enhance brand visibility and customer acquisition [35] This summary encapsulates the key insights from the conference call, highlighting Root's innovative approach to the insurance market, its growth strategies, and the competitive advantages it holds in the insurtech space.