For the first time since going public more than three years ago, Root Inc.’s unencumbered cash grew from operations in the last three months of 2023. The Columbus parent of Root Insurance Co. (Nasdaq: ROOT) halved its annual net loss to $147 million as policies grew by the most in company history, according to its annual […]
Root Inc. has promoted CTO Matt Bonakdarpour to president in addition to his role as CTO. The Columbus parent of Root Insurance Co. cited Bonakdarpour’s “exceptional leadership, innovative approach, and technical expertise” in a news release. Promoted to CTO exactly two years ago, he led development and deployment of statistical machine learning models that the […]