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Root reports Q4 EPS ($1.64), consensus ($2.79)

Reports Q4 revenue $194.8M, consensus $126.99M. CEO Alex Timm commented, “We started 2023 with three clear objectives: achieve our target unit economics via pricing and underwriting, reduce expenses to control cash burn, and reach scale to cover our costs. We are proud that we have achieved success in all three, as evidenced by our strong results.”

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