The start-up Root shakes up the auto insurance industry - stock breaks out to yearly high!

Root is a start-up that offers alternatives to traditional auto insurance by providing policies based on driving behavior. The company went public in 2021. The stock has drastically fallen from its peak of over 400 USD. The reason lies in the COVID pandemic, which caused the company to incur record losses. However, signs of a bottoming are emerging now that the company has raised its premiums, reduced the loss ratio, and cut fixed costs. Root achieved a record low expense ratio of 25% last quarter. This, along with a consistent focus on the loss...