This Small Growth Stock Has Surged 1,250% in Just 1 Year. Can Its Unstoppable Growth Continue?

This small insurance company, Root, has surprised investors with its remarkable growth, shooting up over 1,250% in the past year. Founded less than a decade ago, Root aims to disrupt the automotive insurance industry by using technology to price policies based on individual driving habits. Despite facing challenges breaking into the industry, Root has been able to scale back its growth to improve its pricing models. In the last year, Root has seen a 100% growth in policies in force and a 246% increase in gross written premiums while also improving its underwriting profitability. Although the company has not yet turned a profit, it has benefited from a favorable pricing environment for insurers. Investors should keep an eye on Root’s progress as it continues to grow and refine its business model.