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Root Inc   (ROOT)
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Root Inc 's Tangible Leverage Ratio

ROOT's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to net new borrowings of 10.09%, Tangible Leverage Ratio fell to 7.86, a new company high.

Within Property & Casualty Insurance industry in the forth quarter 2023, 25 other companies have achieved lower Tangible Leverage Ratio than Root Inc in the IV Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 1260, from total ranking in the third quarter 2023 at 3223 .

Explain Tangible Leverage Ratio?
What is ROOT Market Share?
What are ROOT´s Total Liabilities?


ROOT Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change -40.2 % -46.48 % -44.74 % -48.01 % -48.34 %
Y / Y Total Liabilities Change 8.93 % -1.75 % 1.55 % -2.3 % 322.97 %
Tangible Leverage Ratio MRQ 7.86 6.68 5.17 4.39 4.31
ROOT's Total Ranking # 1260 # 3223 # 1836 # 1053 # 2551
Seq. Tangible Equity Change -6.44 % -17.4 % -12.02 % -12.05 % -16.26 %
Seq. Total Liabilities Change 10.09 % 6.67 % 3.68 % -10.54 % -0.71 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 26
Financial Sector # 162
Overall Market # 1260


Tangible Leverage Ratio Statistics
High Average Low
7.86 3.21 0.53
(Dec 31 2023)   (Dec 31 2021)




Financial Statements
Root Inc 's Tangible Equity $ 166 Millions Visit ROOT's Balance sheet
Root Inc 's Total Liabilities $ 1,302 Millions Visit ROOT's Balance sheet
Source of ROOT's Sales Visit ROOT's Sales by Geography


Cumulative Root Inc 's Tangible Leverage Ratio

ROOT's Tangible Leverage Ratio for the trailling 12 Months

ROOT Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth -40.2 % -46.48 % -44.74 % -48.01 % -48.34 %
Y / Y Total Liabilities TTM Growth 8.93 % -1.75 % 1.55 % -2.3 % 322.97 %
Tangible Leverage Ratio TTM 5.82 4.99 4.29 3.68 3.13
Total Ranking TTM # 1756 # 2446 # 2433 # 2353 # 2499
Seq. Tangible Equity TTM Growth -6.44 % -17.4 % -12.02 % -12.05 % -16.26 %
Seq. Total Liabilities TTM Growth 10.09 % 6.67 % 3.68 % -10.54 % -0.71 %


On the trailing twelve months basis Due to the net new borrowings of 10.09% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeTangible Leverage Ratio improved to 5.82, above the Root Inc 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Property & Casualty Insurance industry ROOT recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 1185, from total ranking in previous 12 month period at 3274.

Explain Tangible Leverage Ratio?
What is ROOT Market Share?
What are ROOT´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Property & Casualty Insurance Industry # 1
Financial Sector # 13
Within the Market # 1260


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.49 0.67 0.21
(Dec 31 2023)   (Dec 31 2021)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Horace Mann Educators Corporation  20.85 $ 19,823.400  Millions$ 950.700  Millions
Assurant Inc   20.84 $ 34,037.700  Millions$ 1,633.600  Millions
Kemper Corporation  13.03 $ 16,340.600  Millions$ 1,254.300  Millions
American International Group Inc   10.84 $ 555,887.000  Millions$ 51,301.000  Millions
American Financial Group Inc   10.07 $ 39,802.000  Millions$ 3,953.000  Millions
Maiden Holdings Ltd   8.58 $ 2,137.207  Millions$ 249.160  Millions
Travelers Companies inc   7.87 $ 162,684.000  Millions$ 20,668.000  Millions
Root Inc   7.86 $ 1,302.000  Millions$ 165.700  Millions
Ambac Financial Group Inc   7.74 $ 8,032.000  Millions$ 1,038.000  Millions
Proassurance Corporation  7.59 $ 7,945.245  Millions$ 1,046.172  Millions
Universal Insurance Holdings Inc   7.44 $ 2,539.927  Millions$ 341.297  Millions
Chubb Limited  7.44 $ 276,853.000  Millions$ 37,230.000  Millions
Cna Financial Corporation  7.11 $ 69,327.000  Millions$ 9,747.000  Millions
W R Berkley Corp  6.74 $ 49,164.925  Millions$ 7,294.640  Millions
Mercury General Corporation  5.69 $ 8,516.173  Millions$ 1,497.016  Millions
Axis Capital Holdings Limited  5.39 $ 26,806.288  Millions$ 4,975.512  Millions
Loews Corp  5.15 $ 83,309.000  Millions$ 16,178.000  Millions
Renaissancere Holdings Ltd   5.00 $ 43,399.932  Millions$ 8,679.606  Millions
The Hartford Financial Services Group Inc   4.92 $ 62,575.000  Millions$ 12,709.000  Millions
Hippo Holdings Inc   4.84 $ 1,729.400  Millions$ 357.400  Millions
Selective Insurance Group Inc   4.82 $ 14,191.327  Millions$ 2,946.532  Millions
Rli Corp  4.70 $ 6,396.876  Millions$ 1,359.952  Millions
Everest Group Ltd   4.65 $ 61,451.000  Millions$ 13,202.000  Millions
Fidelis Insurance Holdings Limited  4.23 $ 10,361.700  Millions$ 2,449.800  Millions
Markel Group Inc   3.81 $ 41,278.873  Millions$ 10,842.775  Millions
Donegal Group Inc  3.80 $ 1,799.254  Millions$ 473.162  Millions
Progressive Corp  3.72 $ 75,415.900  Millions$ 20,277.100  Millions
Palomar Holdings Inc   3.46 $ 1,586.300  Millions$ 458.937  Millions
Old Republic International Corporation  3.22 $ 20,624.500  Millions$ 6,410.700  Millions
Enstar Group Ltd  2.73 $ 15,421.000  Millions$ 5,648.000  Millions

Date modified: 2024-02-22T08:46:39+00:00



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