Sep. 25 at 1:46 PM
$ROOT down over 12% in 3 days since WA state approval & wiped out 1 mo of gains
& down nearly 30% since blowout ER beating EPS by 622% & rev by double digits.
NOTHING has changed except SI is ballooning, as they try to shake out paper hands.
⏩
$ROOT Still has superior loss ratios
⏩
$ROOT Still has superior pricing
⏩
$ROOT partnership channel is STILL growing at 3x YoY
⏩Still is growing aggressively with embedded insurance partners with 20+ major partners(
$CVNA, Hyundai, 1st conn,
$GSHD, Experian), and many other large players to come.
⏩Still is growing aggressively in their agency channel, with over 1500+ agencies & 7000 IAs partnered since public launch in q4 2024.
⏩Still will be expanding to all 50 states by 2026 end( in 36 now with 3 pending filings)
⏩Still a decade+ ahead technologically to legacy insurers
⏩Still will be 2X+ more profit efficient than their legacy peers.
⏩ and still will contend with legacy insurers by market cap in the long term.
