u/IshfaaqPeerally · 29d ago1 prior · awaiting results
Root has $300 million of off-balance sheet assets on $800 million market cap
Root has approximately $300 million in off-balance sheet deferred tax assets from accumulated NOLs that management signaled may be released onto the balance sheet as a material non-cash income benefit. Combined with a strong 65% loss ratio demonstrating profitable underwriting, the release of these tax assets represents significant value not reflected in the current $800 million market cap and will provide tax-free cash returns to shareholders.
At post $51.59Now $54.65+5.9% since postedas of Sep 8, 4:30 PM ET
1d-6.4%
3d-0.3%
1w+1.4%
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3m—
6m—
1y—