Root

Q2 FY2026 EarningsQ2 FY26 results beat consensus across the board, with GAAP EPS of $1.49 exceeding the $0.90 expectation and Revenue of $389.2M slightly ahead of the $392.5M consensus (in-line). Net income rose 15% YoY to $25.4M, driven by a disciplined improvement in the net combined ratio to 92.1%. Despite a competitive direct market leading to a 2% YoY dip in gross written premiums, strong performance in partnership channels (51% of new writings) and efficient capital management, including $20M in share repurchases, underpinned the quarter.