{"success":true,"data":{"pressRelease":{"id":"48161","rtpr_id":"nGNX6ZtJSn","ticker":"ROOT","exchange":"NASDAQ","all_tickers":["ROOT"],"title":"Root Celebrates Back-to-Back Indianapolis 500 Victories Through Partnerships Built on Performance and Innovation","author":"Globe Newswire","published_at":"2026-05-28T13:05:00.131Z","article_body":"COLUMBUS, Ohio, May 28, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the\nleading technology company in car insurance, is celebrating a historic\nmilestone as drivers representing two different Root-sponsored teams, Chip\nGanassi Racing and Meyer Shank Racing, captured back-to-back victories at the\niconic Indianapolis 500.\n\nAfter winning the 2025 Indianapolis 500 alongside Chip Ganassi Racing, Root\nreturned to Victory Lane this year with Meyer Shank Racing, marking\nconsecutive Indy 500 victories with two of INDYCAR’s top organizations. This\nachievement reflects Root’s strategic focus on identifying, selecting, and\nbuilding deep partnerships with best-in-class organizations that share a\ncommitment to precision, technology, and execution.\n\n“Winning the Indianapolis 500 two years in a row with two different elite\norganizations is incredibly meaningful for Root,” said Jason Shapiro, SVP of\nBusiness Development at Root Insurance. “We continue to align ourselves with\norganizations that operate at the highest level under pressure, innovate\nconstantly, and never stop pursuing improvement. That data-driven mindset\nmirrors our approach to building Root’s product and partner network.”\n\nRoot has rapidly expanded its partnership ecosystem across automotive,\nfinancial services, and independent agent channels, with strategic\ncollaborations serving as a key driver of growth and helping to accelerate\naccess to new customers nationwide. The company’s new writings in the\npartnership channel nearly tripled in 2025 alone, underscoring the momentum\nand scale of Root’s expanding distribution strategy.\n\nThe company sees its success in motorsports as a validation of its broader\nbusiness philosophy of partnering with elite operators who challenge\nconvention and deliver results. This partnership approach directly extends to\nINDYCAR racing, where the demands for precision, speed, teamwork, and constant\ninnovation closely align with how Root uses technology, data, and analytics to\nbuild and scale its business.\n\n“Root has become part of our racing family,” said Mike Shank, Co-Owner of\nMeyer Shank Racing. “They understand that great partnerships are built on\ntrust, alignment, and shared ambition. This Indy 500 win is the ultimate\nvalidation of our shared track record of success.”\n\nBeyond race day exposure, Root’s INDYCAR partnerships have strengthened\nrelationships across the automotive and technology spaces while creating\nopportunities for collaboration with some of the most respected operators,\nengineers, and executives in professional sports.\n\n“We look for partners that truly understand performance and innovation,”\nsaid Chip Ganassi, Owner of Chip Ganassi Racing. “Root has been an\noutstanding partner because they share our mindset, pushing boundaries,\ntrusting data, and striving to improve every day.\"\n\nRoot is actively expanding strategic partnerships nationwide as it continues\ngrowing its embedded insurance and distribution footprint. These consecutive\nIndianapolis 500 victories now stand as a powerful example of Root’s ability\nto identify high-performing partners, invest in innovation, and build\nrelationships designed to win.\n\nAbout Root, Inc.\nRoot Insurance is a technology company revolutionizing car insurance through\ndata science and automation. The Root app has reached more than 17 million\ndownloads and has analyzed more than 36 billion miles of driving data to\ndeliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent\ncompany of Root Insurance Company.\n\nRoot Contacts:\n\nPartnerships:\npartnerships@joinroot.com\n\nMedia: \npress@joinroot.com\n\nForward Looking Statements:\nThis press release contains forward-looking statements within the meaning of\nfederal securities laws regarding Root, Inc. These forward-looking statements\nrelate to, among other things, expectations about our future business results.\nSuch forward-looking statements are not guarantees of future performance and\nare subject to risks, uncertainties and other factors, some of which are\nbeyond the company's control and are difficult to predict. We have based our\nforward-looking statements on our current expectations, estimates and\nprojections about our industry and our company. We caution that these\nstatements are not guarantees of future performance and you should not rely\nunduly on them, as they involve risks, uncertainties and assumptions that we\ncannot predict and many of which are beyond our control. Accordingly, our\nactual results may differ materially from the future performance that we have\nexpressed or forecast in our forward-looking statements. In accordance with\n\"safe harbor\" provisions of the Private Securities Litigation Reform Act of\n1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025,\nand other SEC filings, cautionary language identifying important factors,\nthough not necessarily all such factors, that could cause future outcomes to\ndiffer materially from those set forth in the forward-looking statements.\nCopies of Root's Form 10-K and other SEC filings are available on the SEC's\nwebsite, Root's website at ir.joinroot.com/investor-relations or by contacting\nRoot's Investor Relations office.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f71ebb8a-15f2-41c8-8ab8-1083afde75e8)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6ZtJSn","title":"Root Celebrates Back-to-Back Indianapolis 500 Victories Through Partnerships Built on Performance and Innovation","author":"Globe Newswire","ticker":"ROOT","created":"2026-05-28T13:05:00.131Z","tickers":["ROOT"],"exchange":"NASDAQ","article_body":"COLUMBUS, Ohio, May 28, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the\nleading technology company in car insurance, is celebrating a historic\nmilestone as drivers representing two different Root-sponsored teams, Chip\nGanassi Racing and Meyer Shank Racing, captured back-to-back victories at the\niconic Indianapolis 500.\n\nAfter winning the 2025 Indianapolis 500 alongside Chip Ganassi Racing, Root\nreturned to Victory Lane this year with Meyer Shank Racing, marking\nconsecutive Indy 500 victories with two of INDYCAR’s top organizations. This\nachievement reflects Root’s strategic focus on identifying, selecting, and\nbuilding deep partnerships with best-in-class organizations that share a\ncommitment to precision, technology, and execution.\n\n“Winning the Indianapolis 500 two years in a row with two different elite\norganizations is incredibly meaningful for Root,” said Jason Shapiro, SVP of\nBusiness Development at Root Insurance. “We continue to align ourselves with\norganizations that operate at the highest level under pressure, innovate\nconstantly, and never stop pursuing improvement. That data-driven mindset\nmirrors our approach to building Root’s product and partner network.”\n\nRoot has rapidly expanded its partnership ecosystem across automotive,\nfinancial services, and independent agent channels, with strategic\ncollaborations serving as a key driver of growth and helping to accelerate\naccess to new customers nationwide. The company’s new writings in the\npartnership channel nearly tripled in 2025 alone, underscoring the momentum\nand scale of Root’s expanding distribution strategy.\n\nThe company sees its success in motorsports as a validation of its broader\nbusiness philosophy of partnering with elite operators who challenge\nconvention and deliver results. This partnership approach directly extends to\nINDYCAR racing, where the demands for precision, speed, teamwork, and constant\ninnovation closely align with how Root uses technology, data, and analytics to\nbuild and scale its business.\n\n“Root has become part of our racing family,” said Mike Shank, Co-Owner of\nMeyer Shank Racing. “They understand that great partnerships are built on\ntrust, alignment, and shared ambition. This Indy 500 win is the ultimate\nvalidation of our shared track record of success.”\n\nBeyond race day exposure, Root’s INDYCAR partnerships have strengthened\nrelationships across the automotive and technology spaces while creating\nopportunities for collaboration with some of the most respected operators,\nengineers, and executives in professional sports.\n\n“We look for partners that truly understand performance and innovation,”\nsaid Chip Ganassi, Owner of Chip Ganassi Racing. “Root has been an\noutstanding partner because they share our mindset, pushing boundaries,\ntrusting data, and striving to improve every day.\"\n\nRoot is actively expanding strategic partnerships nationwide as it continues\ngrowing its embedded insurance and distribution footprint. These consecutive\nIndianapolis 500 victories now stand as a powerful example of Root’s ability\nto identify high-performing partners, invest in innovation, and build\nrelationships designed to win.\n\nAbout Root, Inc.\nRoot Insurance is a technology company revolutionizing car insurance through\ndata science and automation. The Root app has reached more than 17 million\ndownloads and has analyzed more than 36 billion miles of driving data to\ndeliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent\ncompany of Root Insurance Company.\n\nRoot Contacts:\n\nPartnerships:\npartnerships@joinroot.com\n\nMedia: \npress@joinroot.com\n\nForward Looking Statements:\nThis press release contains forward-looking statements within the meaning of\nfederal securities laws regarding Root, Inc. These forward-looking statements\nrelate to, among other things, expectations about our future business results.\nSuch forward-looking statements are not guarantees of future performance and\nare subject to risks, uncertainties and other factors, some of which are\nbeyond the company's control and are difficult to predict. We have based our\nforward-looking statements on our current expectations, estimates and\nprojections about our industry and our company. We caution that these\nstatements are not guarantees of future performance and you should not rely\nunduly on them, as they involve risks, uncertainties and assumptions that we\ncannot predict and many of which are beyond our control. Accordingly, our\nactual results may differ materially from the future performance that we have\nexpressed or forecast in our forward-looking statements. In accordance with\n\"safe harbor\" provisions of the Private Securities Litigation Reform Act of\n1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025,\nand other SEC filings, cautionary language identifying important factors,\nthough not necessarily all such factors, that could cause future outcomes to\ndiffer materially from those set forth in the forward-looking statements.\nCopies of Root's Form 10-K and other SEC filings are available on the SEC's\nwebsite, Root's website at ir.joinroot.com/investor-relations or by contacting\nRoot's Investor Relations office.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f71ebb8a-15f2-41c8-8ab8-1083afde75e8)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-28T13:05:00.188090428Z","server_sent_at_ms":1779973500188},"received_at":"2026-05-28T13:05:00.245Z","source_url":"https://www.globenewswire.com/news-release/2026/05/28/3302943/22064/en/Root-Celebrates-Back-to-Back-Indianapolis-500-Victories-Through-Partnerships-Built-on-Performance-and-Innovation.html"},"analysis":{"id":"37593","press_release_id":"48161","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Root Insurance celebrated back-to-back Indianapolis 500 victories, winning in 2025 with Chip Ganassi Racing and in 2026 with Meyer Shank Racing.\n\nThe company framed these wins as validation of its strategy to partner with elite, data-driven organizations, noting that new writings in its partnership channel nearly tripled in 2025.\n\nRoot highlighted its broader distribution expansion, citing over 17 million app downloads and 36 billion miles of analyzed driving data as evidence of its scale.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Marketing PR highlighting sponsorship wins; no material financial data or strategic shift disclosed."},"keyFigures":{"customDimensions":{"app_downloads":"17 million","driving_data_analyzed":"36 billion miles"}},"quotedText":"Winning the Indianapolis 500 two years in a row with two different elite organizations is incredibly meaningful for Root","namedEntities":{"people":[{"name":"Jason Shapiro","role":"SVP of Business Development"},{"name":"Mike Shank","role":"Co-Owner of Meyer Shank Racing"},{"name":"Chip Ganassi","role":"Owner of Chip Ganassi Racing"}],"products":[],"companies":[{"name":"Root","ticker":"ROOT"},{"name":"Chip Ganassi Racing","relationship":"partner"},{"name":"Meyer Shank Racing","relationship":"partner"},{"name":"INDYCAR","relationship":"league"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"This is a marketing-focused press release celebrating sponsorship victories at the Indianapolis 500. 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