ROOT: Q2 2026 sales fell 2.4% with a net loss of $6.0M, but net debt improved 11.8%

Root (ROOT) held its Q2 2026 earnings call, saying it is building an AI-driven insurance platform. Management cited 2% YoY revenue growth to $389M, gross written premium down 2% to $340M, policies in force up 6% to 484,000, and a 92.1% net combined ratio. It also reported a $200M debt facility refinance, $20M+ share repurchases, and plans to launch a new predictive pricing model later this year.

A financial results roundup covers multiple insurers and MGAs. MetLife reported Q2 net income of $705m and adjusted EPS $2.43. Prudential posted Q2 net income of $985m and record individual life sales. Corebridge reported a $16m net loss and merger approval. Palomar, Heritage, TWFG, Root, Trupanion and Clover Health also reported Q2 figures and guidance updates.

Root (NASDAQ:ROOT) reported Q2 CY2026 results. Revenue rose 1.6% year on year to $389.2 million, below Wall Street estimates. GAAP profit was $1.49 per share, 66% above analysts’ consensus. Net premiums earned were $363.5 million, up 3% year on year but also missed estimates. Shares fell 11.1% to $53.59 after the release.

Root, Inc. (ROOT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Letter to Shareholders: Q2 2026 ____________________________________________________________________________________________________________ Key quarterly metrics Dear Root Shareholders We’re happy to report that in the second quarter we continued to generate impressive performan

Root (ROOT) shares rose over 8% after the digital auto insurer reported record Q1 results. Net income nearly doubled to $35.9 million, adjusted EBITDA rose 78% to $56.8 million, and operating income increased 70% to $40.9 million. Net combined ratio improved to 91.4% from 95.6%. Root cited AI pricing and automation, plus embedded partnerships including Carvana, Toyota, and Hyundai Capital.

Roots (TSX: ROOT) reported Q1 fiscal 2026 sales of C$42.6m, up 6.5% from C$40.0m a year earlier, with comparable sales growth of 3.2% for a seventh straight quarter. The company posted a net loss of C$10.1m and adjusted EBITDA of -C$7.4m. Gross margin fell to 59.9%. Roots said Metro Supply Chain distribution transition costs were C$1.8m and strategic review costs C$0.6m; net debt fell 20.7% to C$23.4m.