The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis:


	March 31, 2026
	Level 1		Level 2		Level 3		Total
	(in millions)
Financial assets:
Cash, cash equivalents, and restricted cash	$	304.8	$	—	$	—	$	304.8
Fixed maturities available-for-sale:
U.S. government and agencies	87.0		—		—		87.0
States and other territories	—		7.3		—		7.3
Corporate securities	—		145.9		—		145.9

Residential mortgage-backed securities	—		36.1		—		36.1
Commercial mortgage-backed securities	—		4.0		—		4.0
Asset backed securities	—		18.4		—		18.4
Total fixed maturities available-for-sale	87.0		211.7		—		298.7
Short-term investments
U.S. government and agencies	87.0		—		—		87.0

Corporate securities	—		38.2		—		38.2
Total short-term investments	87.0		38.2		—		125.2
Total financial assets	$	478.8	$	249.9	$	—	$	728.7


	December 31, 2025
	Level 1		Level 2		Level 3		Total
	(in millions)
Financial assets:
Cash, cash equivalents, and restricted cash	$	250.1	$	—	$	—	$	250.1
Fixed maturities available-for-sale:
U.S. government and agencies	75.7		—		—		75.7
States and other territories	—		8.2		—		8.2
Corporate securities	—		146.4		—		146.4

Residential mortgage-backed securities	—		37.7		—		37.7
Commercial mortgage-backed securities	—		5.0		—		5.0
Asset backed securities	—		20.4		—		20.4
Total fixed maturities available-for-sale	75.7		217.7		—		293.4
Short-term investments
U.S. government and agencies	103.5		—		—		103.5

Corporate securities	—		49.0		—		49.0
Total short-term investments	103.5		49.0		—		152.5
Total financial assets	$	429.3	$	266.7	$	—	$	696.0