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Neo Insurance

Neo Insurance

Has Root Insurance found its bottom?

It's safe to say that 2021 has not been kind to Root Insurance. After making its debut on the Nasdaq in October of last year the company has seen its share price fall by nearly 65%—and showing investors a slimmer than expected loss with its Q1 results in May wasn't enough to reverse its fortunes.
But there's still good reason to root for Root. The six-year-old company has over 360,000 auto insurance policies and almost 9,000 renters policies in force and important product and management changes over the month of June are worth understanding to get a better picture of what to expect out of Root over the second half of the year.

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