Root, Inc. Issues Statement from Board of Directors
29 Junho 2023 - 5:05PM
Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance
Company, today issued the following statement:
Root’s Board of Directors has always considered and evaluated,
and will continue to consider and evaluate, any bona fide proposal
or opportunity to enhance shareholder value in accordance with its
fiduciary duties. At this time Root is not in receipt of any
proposal that is either actionable or in the best interests of
Root’s shareholders.
Root does not undertake any responsibility to update this
statement in the future.
About Root, Inc.
Root, Inc. is the parent company of Root Insurance Company. Root is
revolutionizing insurance through data science and technology to
provide consumers a personalized, easy, and fair experience.
Contacts: Media:
press@joinroot.com
Investor Relations:
ir@joinroot.com
Forward-Looking Statements:This press release
contains forward-looking statements within the meaning of federal
securities laws regarding Root, Inc. Such forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and other factors, some of which are beyond
the company's control and are difficult to predict. We have based
our forward-looking statements on our current expectations,
estimates and projections about our industry and our company. We
caution that these statements are not guarantees of future
performance and you should not rely unduly on them, as they involve
risks, uncertainties and assumptions that we cannot predict and
many of which are beyond our control. Accordingly, our actual
results may differ materially from the future performance that we
have expressed or forecast in our forward-looking statements. In
accordance with "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, we have included in Root's Form 10-K
for the year ended Dec. 31, 2022, and other SEC filings, cautionary
language identifying important factors, though not necessarily all
such factors, that could cause future outcomes to differ materially
from those set forth in the forward-looking statements. Copies of
Root's Form 10-K and other SEC filings are available on the SEC's
website, Root's website at
https://ir.joinroot.com/investor-relations or by contacting Root's
Investor Relations office.
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