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Do you have any victories you'd like to share for the month of May? Help us celebrate others by posting here.
Looks like Root, like many Insurtech carriers, needs the Independent Insurance Agency channel.
- Thread starter shawnmwalker
- Start date
- 2,245
Thanks for the share: "“We recognize that some consumers prefer a human element when making significant purchases,” -says it all.
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This is staggering:
Like other mid-stage insurtechs working to grow scale, Root is still a money-loser. The insurtech lost $363 million for all of 2020, up from $282.4 million the previous year. The company reported a $178.6 million net loss in Q2, or negative $0.72 per share, in results released Aug. 11. That compares to a $32.2 million loss, or negative $1.03 per share, a year ago.
