βΒ $819 Million market cap Β· β87.8% from peak
The rise & fall
7 moments Β· 2015β2024
The key moments, with employee sentiment along the way.
2015
π±
2015
Founded in Columbus
Alex Timm's pitch: price car insurance by how you actually drive, via a telematics app.
Wikipedia
2018
π¦
2018
Joins the unicorn club
A Tiger Global-led round pushes the Ohio insurtech past $1B three years in.
TechCrunch
Oct 2020
π
Oct 2020
The peak: a $6.7B IPO$6.7B
Root goes public near the top of the insurtech wave at a valuation around $6.7B.
CNBC
2021β22
2021β22
Underwriting losses bite
Heavy loss ratios, costly customer acquisition and rising claims send the stock sharply lower after listing.
SEC filing
2021
π
2021
Slips out of the club
The market cap falls back through the $1B line within a year of the IPO.
CMC
2022β23
π¬
From the inside Β· Glassdoor reviews, 2022β23
Glassdoor reviews from the 2022-23 slide tracked the mood: successive layoff rounds staff described as arriving without warning, and thinned-out teams absorbing the leftover claims load. Reviews warmed as results steadied, though gripes about pay and workload persisted.
Today
Today
Still in the club β and still trading
Live Β· ROOT Β· NasdaqGSas of 2026-10-23
$52.88β² 4.78% todayβ $819M cap Β· β87.8% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Root Insurance is a US auto insurtech using telematics and app-based pricing, reaching a peak valuation around $6.7B near its 2020 IPO. Heavy underwriting losses, high customer-acquisition costs, and rising claims drove its stock sharply lower after going public, and its market cap fell roughly 88% to about $0.83B β below the $1B unicorn line. Reviews warmed as results steadied, though gripes about pay and workload persisted.
