Root Insurance reported strong fourth-quarter results for 2024, with adjusted earnings per share (EPS) of $1.62, significantly exceeding the estimated loss of $0.44. The company generated sales of $326.7 million, surpassing the forecast of $290.99 million, marking a year-over-year revenue increase of 68%. Premiums in force rose 35% year-over-year, totaling 414,862 policies. The adjusted EBITDA was reported at $43.1 million, with an annualized adjusted EBITDA of $170 million and a margin of 13%. Following the earnings report, Root's stock saw an after-hours increase of 18%, trading at 1.35 times in-force premiums and an EV/adjusted EBITDA ratio of 8.15 times. The stock had previously experienced a 586% increase in 2024, driven by positive quarterly results and the announcement of its first annual profit. Analysts suggest that Root is positioned for continued growth, projecting revenues of $1.42 billion for the upcoming year.