Root, founded in 1984 and now a part of Accenture, is a privately owned strategy activation consultancy headquartered in the United States. With a team of approximately 180 employees, Root specializes in helping organizations execute their strategies effectively. The company's services include strategy development, implementation planning, change management, and performance measurement. Root's clients span various industries, including financial services, healthcare, technology, and consumer goods. As part of Accenture, Root leverages the broader capabilities and resources of the global consulting firm to deliver comprehensive solutions to its clients.
Root Inc. announced participation in the Association of Insurance and Financial Analysts (AIFA) Conference, taking place March 2-4, 2025, in Naples, Florida. The company reported fourth-quarter revenue of $326.7 million, a 68% year-over-year increase exceeding Wall Street estimates. Earnings per share reached $1.3, compared to a projected loss of $0.48. Following this announcement, shares surged 29% on Thursday. SBI Securities Co. Ltd. acquired a new stake in Root Inc., purchasing 2128 shares valued at approximately $154,000 during the fourth quarter, according to a Form 13F filing. Root operates through subsidiaries including Root Insurance Company, Root Property & Casualty Insurance Company, and Root Reinsurance Company Ltd., utilizing a direct-to-consumer model via mobile apps.
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