ROOT is trading 18.17% down at $48.60 after investors reacted negatively to its August 5 earnings and outlook.
- Q2 net income reached $25 million, and EPS beat expectations.
- Revenue of $389 million missed forecasts, while gross written premiums declined 2%.
- Management said 2026 policies-in-force growth could remain relatively flat if competition persists; shares already fell 10.42% after hours following the report.