Root Inc. posted GAAP net income of $25.4 million for the quarter ended June 30, 2026, up 15.5%.
GAAP revenue rose 1.6% to $389.2 million, driven by net premiums earned of $363.5 million, up 3%.
Profitability improved as the net combined ratio narrowed 3.1 percentage points to 92.1%.
Adjusted EBITDA (non-GAAP) increased 16.49% to $43.8 million, while policies in force climbed to 483,921 from 455,493.
Management highlighted a strategic reduction of external quota share reinsurance, while repurchasing 400,000 shares for $20.8 million with $54.3 million remaining authorized.
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