Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced it has successfully refinanced its existing debt into a new term loan facility led by The Huntington National Bank. In addition, Root's board of directors has authorized the company to repurchase up to $75 million of its Class A common stock. Together, these actions further optimize the company's capital structure and reflect its strong financial position, disciplined capital management, and commitment to enhancing long-term stockholder value.