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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


					Value of Initial Fixed $100 Investment Based On:
Year (1)	Summary Compensation Table Total for PEO ($) (2)	Compensation Actually Paid to PEO ($) (2)(3)	Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (3)	Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (2)(3)	Total Shareholder Return ($)	Peer Group Total Shareholder Return ($) (4)	Net Income ($) (in millions)	Adjusted EBITDA ($) (in millions) (5)
2024	10,653,120	33,628,828	5,444,054	14,275,890	14.94	124.64	31	112
2023	8,687,806	9,709,825	3,720,868	4,355,570	2.16	82.75	(147)	(43)
2022	5,126,730	(3,002,565)	5,231,713	1,612,583	0.92	68.77	(298)	(186)
2021	5,784,695	(25,185,719)	9,760,351	(5,961,079)	11.48	113.16	(521)	(446)
2020	3,856,128	24,262,979	2,153,443	18,575,162	58.19	136.09	(363)	(250)

Named Executive Officers, Footnote

PEO Total Compensation Amount

$ 10,653,120

$ 8,687,806

$ 5,126,730

$ 5,784,695

$ 3,856,128

PEO Actually Paid Compensation Amount

$ 33,628,828

9,709,825

(3,002,565)

(25,185,719)

24,262,979

Adjustment To PEO Compensation, Footnote

“Compensation actually paid” to the PEO and average “compensation actually paid” to the non-PEO named executive officers includes the amounts set forth in the “2024 Summary Compensation Table” total columns above (or in prior years’ Summary Compensation Tables), adjusted as set forth in the table below, as determined by Item 402(v) of Regulation S-K. Stock option grant date fair values are determined based on the Black-Scholes option pricing model as of the date of grant. Adjustments have been made using stock option fair values based on the Black-Scholes option pricing model as of the measurement dates as described in the table below. The Black-Scholes option pricing model uses a consistent set of valuation inputs (including Root’s stock price, volatility, market risk-free rate, and the options’ strike price and term) which have been updated as of each measurement date, as applicable. RSU grant date fair values are determined using the stock price on the date of grant. Adjustments have been made using the stock price as of the measurement dates as described in the table below.


PEO	2024 ($)	2023 ($)	2022 ($)	2021 ($)	2020 ($)
Summary Compensation Table Total	10,653,120	8,687,806	5,126,730	5,784,695	3,856,128
-SCT “Stock Awards” Column Value	(6,504,587)	(2,121,471)	(2,117,395)	(5,066,228)	—
-SCT “Option Awards” Column Value	—	—	—	—	—
+year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year end	6,471,326	2,471,966	276,530	1,539,689	—
+/-change in fair value (from prior year end to covered year end) of equity awards granted in prior years that are outstanding and unvested as of the covered year end	20,250,158	505,897	(5,137,824)	(24,692,246)	19,194,250
+vesting date fair value of equity awards granted and vested in the covered year end	—	—		—	—
+/- change in fair value (from prior year end to vesting date) of equity awards granted in prior years that vested in the covered year	2,758,811	165,627	(1,150,606)	(2,751,629)	1,212,601
-fair value as of prior year end of equity awards granted in prior years that failed to vest in the covered year	—	—	—	—	—
+dividends or earnings paid on equity awards in the covered year	—	—	—	—	—
Total Amount Added or Deducted from Summary Compensation Table Total	22,975,708	1,022,019	(8,129,295)	(30,970,414)	20,406,851
Compensation Actually Paid	33,628,828	9,709,825	(3,002,565)	(25,185,719)	24,262,979


Average of Non-PEO Named Executive Officers	2024 ($)	2023 ($)	2022 ($)	2021 ($)	2020 ($)
Summary Compensation Table Total	5,444,054	3,720,868	5,231,713	9,760,351	2,153,443
-SCT “Stock Awards” Column Value	(3,514,939)	(1,103,360)	(2,630,288)	(8,996,668)	—
-SCT “Option Awards” Column Value	—	—	—	—	—
+year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year end	3,377,227	1,283,361	389,979	938,417	—
+/-change in fair value (from prior year end to covered year end) of equity awards granted in prior years that are outstanding and unvested as of the covered year end	7,626,620	247,426	(389,707)	(1,181,515)	12,047,171
+vesting date fair value of equity awards granted and vested in the covered year end	—	—	—	—	—
+/- change in fair value (from prior year end to vesting date) of equity awards granted in prior years that vested in the covered year	1,342,928	207,275	(211,992)	(419,568)	4,374,548
-fair value as of prior year end of equity awards granted in prior years that failed to vest in the covered year	—	—	(777,122)	(6,062,096)	—
+dividends or earnings paid on equity awards in the covered year	—	—	—	—	—
Total Amount Added or Deducted from Summary Compensation Table Total	8,831,836	634,702	(3,619,130)	(15,721,430)	16,421,719
Compensation Actually Paid	14,275,890	4,355,570	1,612,583	(5,961,079)	18,575,162

Non-PEO NEO Average Total Compensation Amount

$ 5,444,054

3,720,868

5,231,713

9,760,351

2,153,443

Non-PEO NEO Average Compensation Actually Paid Amount

$ 14,275,890

4,355,570

1,612,583

(5,961,079)

18,575,162

Adjustment to Non-PEO NEO Compensation Footnote


PEO	2024 ($)	2023 ($)	2022 ($)	2021 ($)	2020 ($)
Summary Compensation Table Total	10,653,120	8,687,806	5,126,730	5,784,695	3,856,128
-SCT “Stock Awards” Column Value	(6,504,587)	(2,121,471)	(2,117,395)	(5,066,228)	—
-SCT “Option Awards” Column Value	—	—	—	—	—
+year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year end	6,471,326	2,471,966	276,530	1,539,689	—
+/-change in fair value (from prior year end to covered year end) of equity awards granted in prior years that are outstanding and unvested as of the covered year end	20,250,158	505,897	(5,137,824)	(24,692,246)	19,194,250
+vesting date fair value of equity awards granted and vested in the covered year end	—	—		—	—
+/- change in fair value (from prior year end to vesting date) of equity awards granted in prior years that vested in the covered year	2,758,811	165,627	(1,150,606)	(2,751,629)	1,212,601
-fair value as of prior year end of equity awards granted in prior years that failed to vest in the covered year	—	—	—	—	—
+dividends or earnings paid on equity awards in the covered year	—	—	—	—	—
Total Amount Added or Deducted from Summary Compensation Table Total	22,975,708	1,022,019	(8,129,295)	(30,970,414)	20,406,851
Compensation Actually Paid	33,628,828	9,709,825	(3,002,565)	(25,185,719)	24,262,979


Average of Non-PEO Named Executive Officers	2024 ($)	2023 ($)	2022 ($)	2021 ($)	2020 ($)
Summary Compensation Table Total	5,444,054	3,720,868	5,231,713	9,760,351	2,153,443
-SCT “Stock Awards” Column Value	(3,514,939)	(1,103,360)	(2,630,288)	(8,996,668)	—
-SCT “Option Awards” Column Value	—	—	—	—	—
+year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year end	3,377,227	1,283,361	389,979	938,417	—
+/-change in fair value (from prior year end to covered year end) of equity awards granted in prior years that are outstanding and unvested as of the covered year end	7,626,620	247,426	(389,707)	(1,181,515)	12,047,171
+vesting date fair value of equity awards granted and vested in the covered year end	—	—	—	—	—
+/- change in fair value (from prior year end to vesting date) of equity awards granted in prior years that vested in the covered year	1,342,928	207,275	(211,992)	(419,568)	4,374,548
-fair value as of prior year end of equity awards granted in prior years that failed to vest in the covered year	—	—	(777,122)	(6,062,096)	—
+dividends or earnings paid on equity awards in the covered year	—	—	—	—	—
Total Amount Added or Deducted from Summary Compensation Table Total	8,831,836	634,702	(3,619,130)	(15,721,430)	16,421,719
Compensation Actually Paid	14,275,890	4,355,570	1,612,583	(5,961,079)	18,575,162

Compensation Actually Paid vs. Total Shareholder Return

Total Stockholder Return (“TSR”) is intended to reflect the change in value of a $100 investment made on December 31, 2019. Cumulative TSR as reflected below is measured from our initial public offering (“IPO”) in October 2020 through December 31, 2024, while the compensation noted is for the full period between December 31, 2019 and December 31, 2024. The chart below demonstrates the relationship between Root’s TSR and compensation actually paid (or “CAP”) to Mr. Timm and our other applicable named executive officers.

Compensation Actually Paid vs. Net Income

The compensation actually paid to Mr. Timm and our other named executive officers generally correlated with our net income or loss over the period January 1, 2020 through December 31, 2024 as demonstrated in the chart below. 2199023286641

Compensation Actually Paid vs. Company Selected Measure

The compensation actually paid to Mr. Timm and our other named executive officers generally correlated with our Adjusted EBITDA over the period January 1, 2020 through December 31, 2024 as demonstrated in the chart below.

Total Shareholder Return Vs Peer Group

Our TSR declined since our IPO in October 2020 through 2022 more so than that of the peer group and started to rebound in 2023 at a lower rate than our peer group.

Tabular List, Table

The following list (the “Tabular List”) provides the performance measures that we believe represent the most important measures we used to link compensation actually paid to our named executive officers for fiscal year 2024 to our performance:


Tabular List
Adjusted EBITDA			We use adjusted EBITDA as an internal performance measure in the management of our operations because we believe it provides management and other users of our financial information useful insight into our results of operations and underlying business performance.
Accident Period Loss Ratio			We view accident period gross loss ratio as the best measure of the impact of pricing and underwriting actions.
Policy-in-Force Growth			We view policies in force as an important metric to assess our financial performance because policy growth drives our revenue growth, expands brand awareness, deepens our market penetration, and generates additional data to continue to improve the functioning of our platform.

Total Shareholder Return Amount

$ 14.94

2.16

0.92

11.48

58.19

Peer Group Total Shareholder Return Amount

124.64

82.75

68.77

113.16

136.09

Net Income (Loss)

$ 31,000,000

$ (147,000,000)

$ (298,000,000)

$ (521,000,000)

$ (363,000,000)

Company Selected Measure Amount

112,000,000

(43,000,000)

(186,000,000)

(446,000,000)

(250,000,000)

Additional 402(v) Disclosure


Year	PEO	Non-PEO NEOs
2024	Alexander Timm	Megan Binkley, Mahtiyar Bonakdarpour, and Jonathan Allison
2023	Alexander Timm	Mahtiyar Bonakdarpour and Jonathan Allison
2022	Alexander Timm	Robert Bateman, Mahtiyar Bonakdarpour, Daniel Rosenthal, and Hemal Shah
2021	Alexander Timm	Daniel Rosenthal, Hemal Shah, Anirban Kundu, and Daniel Manges
2020	Alexander Timm	Daniel Rosenthal and Daniel Manges