$ROOT may start growing revenue 40% YoY in 2027 and onwards. The market has not priced this in. Here is what is in motion: 1. Hyundai/Kia has been interested in capturing insurance commission sales at point of sale 2. Kia already partners with Wrisk/Allianz in the UK to sell their insurance at point of sale. 3. In the US, Hyundai/Kia through Hyundai Capital America, has selected Root Insurance (beginning in 2025) as their Insurance partner 4. Hyundai has trademarked their own insurance label, "Hyundai Secure+" to sell insurance in the US. 5. The Root website confirms that Hyundai Secure+ is a Root powered product. Their website also shows pages for Kia Secure+ and Genesis Secure+ products, which are brands under Hyundai Capital America. 6. Hyundai has been hiring this summer for job roles that include people to align incentives with dealers to sell an in-house branded insurance product, as well as technical roles for backend digital integration with a product like insurance. These facts establish with strong confidence that Hyundai Secure+ is a Root Point of Sale dealer product. The next step is figuring out what kind of policy sales and revenue growth this would bring to Root. 1. Hyundai Capital America works with 1,800 dealerships, which include 825 Hyundai dealers and 772 Kia dealers. 2. HCA sales in 2025 included, 901,686 Hyundai vehicles, 852,155 Kias, and 82,000 Genesis. For a total of 1.836 Million Vehicles. 3. Wrisk/Allianz which currently does POS car insurance in the UK, have achieved attach rates ranging from 4% to around 11%. 4. Root already partners with Carvana for Point of Sale in the US, and have an attach rate of somewhere around 12.5%. 5. Carvana sold 596,641 cars in 2025. That's about 75,000 in new policies at a 12.5% attach rate to Root. Okay now the math. Dealers will convert at somewhat lower levels than Carvana. We have Wrisk as a baseline at 4-11%. Let's look at 3 possibilities. We will use Hyundai Capital America's 1.8M vehicle sales number: - bear case 5% attach rate = 90,000 new policies a year - base case 7.5% attach rate = 135,000 new policies a year - bull case = 10% attach rate = 180,000 new policies a year With Carvana already at about 1/4 of new policies at est 75,000 per year, Hyundai may increase new policies sold by Root by about 50% per year. And these are all brand new cars. Which means high value comprehensive policies. Not cheap policies for older cars that are liability only. $ROOT could start growing revenue at 40-50% YoY in 2027 with this program active, even without targeting direct growth. Right now is the calm before the storm. Based on the job description postings from HCA, this is nearing the phase where dealer implementation is on the horizon. Screenshot from Root's website below. Unfortunately, as is the case on X, and for human behavior, most people only get interested in a stock after the share price doubles. I think people should get excited now, while there is potential uncertainty and lack of knowledge around specifics of the Hyundai partnership pre-launch. Once all the facts are widely publicized, the alpha is gone, and the share price may capture much of the upside.

🚨🚨🚨 $ROOT Hyundai Alpha 🚨🚨🚨 New job role at Hyundai Capital America Job is responsible for "developing and executing the Region's insurance growth objectives through dealer conversions to the branded F&I (finance and insurance) product. What is their branded insurance product? Hyundai Secure+, powered by Root. Where is it headed? To dealerships for conversions. AKA, a point of sale offering like Carvana.