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VizualStocks APIOperating KPI and segment definitions available for Root (ROOT) through the VizualStocks API.
Premium from policies written through another insurer and reinsured by Root that became earned as coverage was provided during the period. This primarily includes Texas auto policies routed through a fronting carrier for which Root assumes 100% of the related premium and losses.
assumedPremiumsEarnedPremium on auto policies written through another insurer and reinsured by Root during the period. This primarily reflects Texas policies routed through a fronting carrier for which Root assumes 100% of the premium and losses.
assumedPremiumsWrittenThe earned portion of Root's gross premiums transferred to third-party reinsurers for risk protection during the period. It is presented as a deduction: gross premiums earned plus the negative ceded amount equals net premiums earned.
cededPremiumsEarnedThe portion of gross premiums written that Root transferred to third-party reinsurers during the period. It is presented as a deduction from gross written premium and changes with Root's use of quota-share and other reinsurance structures.
cededPremiumsWrittenPremium from auto policies issued directly by Root's insurance carriers that became earned as coverage was provided during the period. Root generally earns auto premium pro rata over a six-month policy term.
directPremiumsEarnedPremium on auto policies bound directly by Root's insurance carriers during the period, net of the prorated effect of policy cancellations. Together with assumed written premium, it forms gross premiums written before reinsurance cessions.
directPremiumsWrittenCombined revenue from Root's policyholder fees and Other income. It includes installment, policy and late-payment fees plus revenue from distributing insurance-shopping leads in states where Root does not write policies.
feeAndOtherSegmentIncomeRevenue from flat installment-processing fees, policy fees that reimburse part of underwriting costs and late-payment fees charged to Root policyholders. Installment and late fees are recognized when processed, while policy fees are recognized over the coverage period.
feeIncomeRoot's gross loss ratio plus gross loss-adjustment-expense ratio and gross expense ratio, measuring underwriting performance before reinsurance. A result below 100% indicates a gross underwriting profit; above 100% indicates a gross underwriting loss.
grossCombinedRatioRoot's gross operating expenses excluding losses, loss-adjustment expenses and fee income, divided by gross premiums earned. It measures the insurer's expense base before the effects of reinsurance.
grossExpenseRatioGross costs to investigate, adjust and settle claims divided by gross premiums earned. It is measured before reinsurance and is separate from Root's gross loss ratio, which excludes loss-adjustment expense.
grossLossAdjustmentExpenseRatioGross insurance losses divided by gross premiums earned before reinsurance. Root excludes loss-adjustment expenses from this ratio and reports those costs separately in the gross LAE ratio.
grossLossRatioInsurance loss ratio plus expense ratio for the period; a result below 100% indicates an underwriting profit before investment income.
netCombinedRatioRoot's operating expenses excluding loss and loss-adjustment expense and fee income, divided by net premiums earned. This is the expense component of the net combined ratio after reinsurance.
netExpenseRatioInterest and investment returns from Root's cash, restricted cash, fixed-maturity securities and short-term investments, net of portfolio-management expenses. The line can also include impairments on tax-credit and private-equity investments, so it is not simply interest revenue.
netInvestmentIncomeInsurance losses and loss-adjustment expenses incurred during the period divided by earned premiums.
netLossAndLossAdjustmentExpenseRatioInsurance premium revenue earned from the insurance portfolio after ceded reinsurance during the period.
netPremiumsEarnedDifference between the proceeds Root receives when selling investments and those investments' amortized cost basis, net across gains and losses. This is realized investment income, not unrealized changes in the market value of securities still held.
netRealizedGainsOnInvestmentsRevenue Root earns by distributing website and mobile-app insurance inquiry leads in geographic markets where it does not write policies. Revenue is recognized when Root generates the lead.
otherSegmentIncomeNumber of current, active auto-insurance policyholders underwritten by Root at period end. Growth and retention in this population drive premium revenue and add driving and claims data that can improve Root's pricing models.
policiesInForceRoot's estimate of annualized gross written premium run rate, calculated as premiums per policy multiplied by policies in force and then doubled because its auto policies generally cover six months. It measures portfolio size at period end, not a forecast of revenue for the next year.
premiumsInForceGross written premium on auto policies in force at period end divided by policies in force. Because higher premium per policy generally produces more earned premium, the metric captures changes in pricing and customer mix as well as coverage levels.
premiumsPerPolicyRenewal premium divided by gross premiums earned, expressed as a percentage for the period.
renewalPremiumAsPercentOfGrossPremiumsEarned