Root Management
Management criteria checks 1/4
Root's CEO is Alex Timm, appointed in Mar 2015, has a tenure of 9.67 years. total yearly compensation is $8.69M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 7.4% of the company’s shares, worth $122.09M. The average tenure of the management team and the board of directors is 1.8 years and 4.1 years respectively.
Key information
Alex Timm
Chief executive officer
US$8.7m
Total compensation
| CEO salary percentage | 8.6% |
| CEO tenure | 9.7yrs |
| CEO ownership | 7.4% |
| Management average tenure | 1.8yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
Root, Inc. (NASDAQ:ROOT) Stock Rockets 74% But Many Are Still Ignoring The Company
Nov 01
Root, Inc. Has Entered The World Of Profits (Rating Upgrade)
Nov 01Root Inc. Q3 Earnings Preview: Loss Ratio Not Sustainable
Oct 24Take Care Before Jumping Onto Root, Inc. (NASDAQ:ROOT) Even Though It's 36% Cheaper
Aug 19Root Inc: Rising Insurer In A Competitive Space
Aug 11Root, Inc. (NASDAQ:ROOT) Might Not Be As Mispriced As It Looks After Plunging 33%
Jun 19Root, Inc.: Promising Embedded Strategy With Potential Nationwide Expansion
May 06Not Many Are Piling Into Root, Inc. (NASDAQ:ROOT) Stock Yet As It Plummets 32%
May 05Root, Inc. (NASDAQ:ROOT) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
May 03Small Cap Nuance With Courage & Conviction Investing
Mar 04Root, Inc. (NASDAQ:ROOT) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Feb 25Root, Inc. Q4 Earnings: Current Price Requires Exceptional Growth
Feb 23Investors Holding Back On Root, Inc. (NASDAQ:ROOT)
Jan 15Industry Analysts Just Made A Sizeable Upgrade To Their Root, Inc. (NASDAQ:ROOT) Revenue Forecasts
Aug 10Root Insurance: Spiral Of Death But There Is Hope
Aug 16Root Q2 2022 Earnings Preview
Aug 05Root partners with 2 national football league teams, 1 major league baseball team
Jul 12Root: Shares Up 53% Last Week And Still Trading Below Cash - But Avoid
Mar 21Root Seeks Major Cost Reductions To Stanch High Losses
Jan 25Root: 85% Down From IPO After Q3 Results, But Still Too Speculative
Nov 24As Earnings Approach, A Buy-Write In Root Could Produce 12% Return In Under A Month
Oct 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$16m |
| Jun 30 2024 | n/a | n/a | -US$84m |
| Mar 31 2024 | n/a | n/a | -US$113m |
| Dec 31 2023 | US$9m | US$750k | -US$147m |
| Sep 30 2023 | n/a | n/a | -US$182m |
| Jun 30 2023 | n/a | n/a | -US$202m |
| Mar 31 2023 | n/a | n/a | -US$261m |
| Dec 31 2022 | US$5m | US$750k | -US$298m |
| Sep 30 2022 | n/a | n/a | -US$349m |
| Jun 30 2022 | n/a | n/a | -US$416m |
| Mar 31 2022 | n/a | n/a | -US$499m |
| Dec 31 2021 | US$6m | US$710k | -US$521m |
| Sep 30 2021 | n/a | n/a | -US$544m |
| Jun 30 2021 | n/a | n/a | -US$497m |
| Mar 31 2021 | n/a | n/a | -US$357m |
| Dec 31 2020 | US$4m | US$600k | -US$363m |
| Sep 30 2020 | n/a | n/a | -US$315m |
| Jun 30 2020 | n/a | n/a | -US$330m |
| Mar 31 2020 | n/a | n/a | -US$339m |
| Dec 31 2019 | US$1m | US$298k | -US$282m |
Compensation vs Market: Alex's total compensation ($USD8.69M) is above average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.
CEO
Alex Timm (35 yo)
9.7yrs
Tenure
US$8,687,806
Compensation
Mr. Alexander Edward Timm, also known as Alex, is Co-Founder of Root, Inc. in March 2015 and has been its Chief Executive Officer & Director since March 2015. He serves as CEO of The Root Property & Casual...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 9.7yrs | US$8.69m | 7.4% $ 122.1m | |
| President & CTO | 2.8yrs | US$4.19m | 1.9% $ 31.4m | |
| Chief Administrative Officer | 1.5yrs | US$3.23m | 0.40% $ 6.6m | |
| Chief Financial Officer | 1.7yrs | no data | 0.10% $ 1.7m | |
| Chief Accounting Officer | less than a year | no data | no data | |
| Head of Investor Relations | 1.1yrs | no data | no data | |
| VP, General Counsel & Secretary | no data | no data | no data | |
| Chief Communications Officer | 1.8yrs | no data | no data | |
| Vice President of Product & Marketing | 1.8yrs | no data | no data | |
| Chief Information Security Officer | 1.9yrs | no data | no data | |
| Chief Claims & Customer Service Officer | 1.9yrs | no data | no data | |
| Senior Vice President of Business Development | 1.5yrs | no data | no data |
1.8yrs
Average Tenure
40yo
Average Age
Experienced Management: ROOT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 9.7yrs | US$8.69m | 7.4% $ 122.1m | |
| Lead Independent Director | 4.1yrs | US$258.92k | 0.27% $ 4.4m | |
| Independent Director | 4.3yrs | US$183.88k | 0.068% $ 1.1m | |
| Independent Director | 4.1yrs | US$177.10k | 0.052% $ 853.9k | |
| Independent Director | 7.9yrs | US$179.75k | 0.14% $ 2.3m | |
| Independent Director | 2.7yrs | US$163.88k | 0.065% $ 1.1m | |
| Independent Director | 2.3yrs | US$166.38k | 0.058% $ 961.4k | |
| Independent Director | 1.1yrs | US$76.28k | 0.016% $ 270.5k |
4.1yrs
Average Tenure
52.5yo
Average Age
Experienced Board: ROOT's board of directors are considered experienced (4.1 years average tenure).