Root Reports Improved Q1 Combined Ratio and Announces Refinancing
Auto insurtech company Root has announced a reduction in its first-quarter gross premiums written, reporting $389 million compared to $410.8 million during the same period last year. Despite the decrease in premiums, Root reported an improvement in its net combined ratio, which decreased by 4.2 percentage points to 91.4% from 95.6% in the previous year.
Insurance Nerds Editorial Team
