Root Shares Rise After Swinging to 4Q Profit

Dow Jones

Feb 27, 2025

By Chris Wack

Root shares were 27% to $124.98 after the company reported a fourth-quarter profit, while analysts were expecting a loss.

The insurance services company said it had quarterly net income of $22.1 million, or $1.30 a share, compared with a loss of $24 million, or $1.64 a share, in the same quarter last year. Analysts polled by FactSet were expecting a loss of $7.1 million, or 47 cents a share.

Revenue for the quarter was $326.7 million, compared with last year's $194.8 million and the $291 million analysts were expecting.

Root said policies in force for the quarter increased 21% to 414,862, and gross premiums written rose to $331 million.

The stock hit its 52-week high of $141.23 on Feb. 13, and is up 356% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 27, 2025 09:59 ET (14:59 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2514860983"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2514860983\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2514860983?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-27 22:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2514860983","market":"nz","top_or_hot":-1,"title":"Root Shares Rise After Swinging to 4Q Profit","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Root shares were 27% to $124.98 after the company reported a fourth-quarter profit, while analysts were expecting a loss. \n</p>\n<p>\n  The insurance services company said it had quarterly net income of $22.1 million, or $1.30 a share, compared with a loss of $24 million, or $1.64 a share, in the same quarter last year. Analysts polled by FactSet were expecting a loss of $7.1 million, or 47 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $326.7 million, compared with last year's $194.8 million and the $291 million analysts were expecting. \n</p>\n<p>\n  Root said policies in force for the quarter increased 21% to 414,862, and gross premiums written rose to $331 million. \n</p>\n<p>\n  The stock hit its 52-week high of $141.23 on Feb. 13, and is up 356% in the past 12 months. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 09:59 ET (14:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Root Shares Rise After Swinging to 4Q Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoot Shares Rise After Swinging to 4Q Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-27 22:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Root shares were 27% to $124.98 after the company reported a fourth-quarter profit, while analysts were expecting a loss. \n</p>\n<p>\n  The insurance services company said it had quarterly net income of $22.1 million, or $1.30 a share, compared with a loss of $24 million, or $1.64 a share, in the same quarter last year. Analysts polled by FactSet were expecting a loss of $7.1 million, or 47 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $326.7 million, compared with last year's $194.8 million and the $291 million analysts were expecting. \n</p>\n<p>\n  Root said policies in force for the quarter increased 21% to 414,862, and gross premiums written rose to $331 million. \n</p>\n<p>\n  The stock hit its 52-week high of $141.23 on Feb. 13, and is up 356% in the past 12 months. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 09:59 ET (14:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514860983","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514860983","pubTimestamp":1740668340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Root shares were 27% to $124.98 after the company reported a fourth-quarter profit, while analysts were expecting a loss.The insurance services company said it had quarterly net income of $22.1 million, or $1.30 a share, compared with a loss of $24 million, or $1.64 a share, in the same quarter last year. Analysts polled by FactSet were expecting a loss of $7.1 million, or 47 cents a share.Revenue for the quarter was $326.7 million, compared with last year's $194.8 million and the $291 million analysts were expecting.Root said policies in force for the quarter increased 21% to 414,862, and gross premiums written rose to $331 million.The stock hit its 52-week high of $141.23 on Feb. 13, and is up 356% in the past 12 months.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","ROOT":"Root, Inc."},"translate_title":"Root股价在第四季度盈利后上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROOT":1},"content_text":"By Chris Wack \n\n\n \n\n\n  Root shares were 27% to $124.98 after the company reported a fourth-quarter profit, while analysts were expecting a loss. \n\n\n  The insurance services company said it had quarterly net income of $22.1 million, or $1.30 a share, compared with a loss of $24 million, or $1.64 a share, in the same quarter last year. Analysts polled by FactSet were expecting a loss of $7.1 million, or 47 cents a share. \n\n\n  Revenue for the quarter was $326.7 million, compared with last year's $194.8 million and the $291 million analysts were expecting. \n\n\n  Root said policies in force for the quarter increased 21% to 414,862, and gross premiums written rose to $331 million. \n\n\n  The stock hit its 52-week high of $141.23 on Feb. 13, and is up 356% in the past 12 months. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 09:59 ET (14:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}