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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?
Select the Comparisons :
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Select the Ratio:
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Tangible Leverage Ratio ▼
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Tangible Leverage Ratio ▼
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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) |
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(Dec 31 2021) |
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
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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) |
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(Dec 31 2021) |
Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry | Tangible Leverage Ratio | Dec 31 2023 MRQ Total Liabilities | Dec 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 |
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