Root to Expand Quickly in Auto Insurance Market, CEO Says
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary financial achievement of the company through their IPO?
Raised $1.2 billion
Expanded to 50 states
Increased retention rate to 90%
Partnered with a SPAC
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the company view the relationship between growth and profitability?
They complement each other
Growth is prioritized over profitability
Profitability is more important than growth
They are mutually exclusive
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the challenges the company faces in its early days?
Limited market presence
Low retention rates
High retention rates
Excessive profitability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the company's strategy regarding high-risk drivers?
They do not write policies for the worst 10-15% of drivers
They offer special rates to high-risk drivers
They increase premiums for high-risk drivers
They focus on attracting high-risk drivers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the company choose a traditional IPO over a SPAC?
To secure long-term investors
To expand internationally
To avoid regulatory scrutiny
To raise more capital
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