v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Net earned premium $ 212.6 $ 104.3
Ceding commission income 23.6 26.9
Net investment income 9.8 9.5
Commission and other income 12.0 10.5
Total revenue 258.0 151.2
Expense    
Loss and loss adjustment expense, net 133.3 85.4
Other insurance expense 24.1 26.1
Sales and marketing 66.1 43.2
Technology development 26.9 22.0
General and administrative 42.2 35.9
Total expense 292.6 212.6
Loss before income taxes (34.6) (61.4)
Income tax expense 1.2 1.0
Net loss (35.8) (62.4)
Other comprehensive loss, net of tax    
Unrealized (loss) gain on investments in fixed maturities (4.4) 1.2
Foreign currency translation adjustment (1.3) 1.5
Comprehensive loss $ (41.5) $ (59.7)
Per share data:    
Net loss per share attributable to common stockholders—basic (usd per share) $ (0.47) $ (0.86)
Net loss per share attributable to common stockholders—diluted (usd per share) $ (0.47) $ (0.86)
Weighted average common shares outstanding—basic (in shares) 76,307,698 72,921,318
Weighted average common shares outstanding—diluted (in shares) 76,307,698 72,921,318