Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history.
The net income loss for the first three months of the year is compared to a loss of nearly $41 million during the same time period a year ago. Root booked operating income of $5.4 million compared to a loss of almost $30 million in the first quart