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Root, Inc. ROOT Net gains (losses) on investments

Net gains (losses) on investments at other companies

Safety Insurance Group logo
Safety Insurance GroupSAFT
$4.72M-34.4%
Kemper logo
KemperKMPR
-$1.7M-240%
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$2.8M+212%
Selective Insurance Group logo
Selective Insurance GroupSIGI
$11.97M+187%
Berkshire Hathaway logo
Berkshire HathawayBRK.A

Other financials

Income statement

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Revenue$389.2M+1.6%
Operating income$34.6M+26.7%
Net income$25.4M+15.5%
EPS (diluted)$1.49+15.5%

Balance sheet

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Cash & equivalents$574.8M-10.5%
Total debt$199.8M-0.1%
Total equity$327.9M+34.1%
Total assets$1.7B+5.1%

Cash flow

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Operating cash flow$57.5M+10.6%
CapEx-
Free cash flow$70.1M+1.3%

Valuation

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Market cap$827.96M-39.4%
Enterprise value$452.96M-50.9%
P/E13.5×-2.5×
P/S0.5×-0.5×

Profitability

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Operating margin5.5%-3.3pp
Net margin3.9%-2.3pp
FCF margin13.6%-3.0pp

Returns & leverage

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Return on equity21.4%-21.7pp
Debt / equity0.6×-0.2×

Where this comes from

Reported directly by Root, Inc. in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesFvNiGainLoss.

The source filing: Root, Inc.’s 10-K, filed February 21, 2024.

Filed
Feb 21, 2024
Fiscal year
FY2023
Accession
0001628280-24-005906
Line item202320222021
Paid-in-kind interest paid(20.5)
Net realized gains on investments(0.5)(2.4)
Gain on lease modification(0.3)(0.9)
Change in fair value of equity securities(3.8)
Changes in operating assets and liabilities:
Premiums receivable(147.7)18.8(39.7)
Reinsurance recoverable and receivable21.96.2(30.4)
Prepaid reinsurance premiums26.026.612.0

Item 8. Financial Statements and Supplementary Data

FAQ

What is Root, Inc.'s net gains (losses) on investments?
Root, Inc. (ROOT) reported net gains (losses) on investments of $0 in Q4 2023.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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