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Root Insurance

InsurtechUSA
📉 Public < $1B
Peak $6.7 BillionToday
~-88%
from peak
  1. 🦄
    Became a unicorn
    2018
  2. 📈
    Peak valuation
    $6.7 Billion ’20
  3. 💔
    Became a Unitard
    ~2021
  4. 💸
    Last valuation
    ~$804M
Current status
Public ~$0.83B

How it happened

Root Insurance is a US auto insurtech using telematics and app-based pricing, reaching a peak valuation around $6.7B near its 2020 IPO. Heavy underwriting losses, high customer-acquisition costs, and rising claims drove its stock sharply lower after going public. Its market cap fell roughly 88% to about $0.83B, dropping it below the $1B unicorn level.

Source: CMC May 2026