# Root telematics insurance expansion US

> Live situation record from CLSTR: https://clstr.news/situations/root-telematics-insurance-expansion-us
> Updated: 2026-08-05T07:06:03.000Z. Sources: 7. Developments: 2.

In July 2026 Root launched its behavior‑based telematics car insurance in New Jersey, bringing the service to 37 U.S. states and marking a milestone toward its goal of covering the contiguous United States by 2027. The rollout was accompanied by record Q1 2026 financial results, with net income of $35.9 million and a combined ratio of 91.4, while policies in force rose 9% to just under half a million.

A month later, Root reported Q2 2026 earnings, showing a 15% increase in net income to $25.4 million and an improved combined ratio of 92.1. The company highlighted AI‑driven analytics that accelerate model development and announced a new partnership with the insurance‑shopping platform Jerry to expand its digital‑marketplace presence. Policies in force grew another 6% year‑over‑year, and the firm continued to operate in 37 states after the New Jersey addition, emphasizing disciplined growth amid a competitive direct‑to‑consumer market.

## Claims

- Swiss Re net income increased 9% to $2.8 billion in the first half of 2026. (corroborated by 2 sources)
- Swiss Re has made artificial intelligence a core pillar of its group strategy. (single source)
- Swiss Re raised its operating‑cost‑reduction target to $500 million by 2028. (single source)
- Zurich Insurance posted a net profit of $3.5 billion for the first half of 2026, up 14% YoY. (single source)
- Zurich’s operating profit rose to $4.8 billion in the first half of 2026. (single source)
- Zurich secured a $1 billion quota‑share reinsurance arrangement for data‑centre construction risks. (single source)
- Munich Re reported July‑renewal reinsurance prices fell 5.5% and new business volume declined 9.1%. (single source)
- The Euro‑Stoxx 50 index reached a record 6,502.56 points, up 0.39% on Thursday. (single source)

## Timeline

### 2026-08-05: Swiss Re profit up 9% as AI strategy expands; Zurich posts 14% profit rise and $1bn data‑centre reinsurance

Swiss Re H1 profit rose 9% with AI focus; Zurich posted 14% profit growth and secured $1bn data‑centre reinsurance; Munich Re saw price drops; Euro‑Stoxx 50 hit a record.

7 sources. https://clstr.news/cluster/root-inc-posts-12-q2-net-income-increase-cites-ai-driven-growth

### 2026-07-23: Root launches telematics car insurance in New Jersey, its 37th state

Root has launched its telematics‑based car insurance in New Jersey, its 37th state, offering up to $1,300 annual savings for safe drivers and moving toward nationwide coverage by 2027.

2 sources. https://clstr.news/cluster/root-launches-telematics-car-insurance-in-new-jersey-its-37th-state

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Cite as: Root telematics insurance expansion US. CLSTR, https://clstr.news/situations/root-telematics-insurance-expansion-us