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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments    
Debt Securities, Available-for-sale $ 6.7 $ 5.9
Short-term investments 29.9 54.7
Total investments 36.6 60.6
Cash, cash equivalents and restricted cash 258.8 270.3
Premium receivable, net of allowance for doubtful accounts of $0.4 million and $0.2 million as of June 30, 2020 and December 31, 2019 64.9 54.1
Reinsurance recoverable 26.2 20.3
Prepaid reinsurance premium 0.0 1.0
Deferred acquisition costs 2.5 1.8
Property and equipment, net 4.3 3.1
Intangible assets 0.6 0.6
Other assets 6.0 2.5
Total assets 399.9 414.3
Liabilities, Convertible Preferred Stock and Stockholders' Deficit    
Unpaid losses and loss adjustment expense 35.3 28.2
Unearned premium 86.9 68.0
Trade payables 0.6 0.7
Other liabilities and accrued expense 18.5 19.7
Total liabilities 141.3 116.6
Commitments and contingencies (Note 15)
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; 31,557,107 shares authorized, issued and outstanding as of June 30, 2020 and December 31, 2019, respectively; aggregate liquidation preference of $480.8 million as of June 30, 2020 480.2 480.2
Stockholders' deficit:    
Common stock, $0.00001 par value, 52,000,000 shares authorized as of June 30, 2020 and December 31, 2019, respectively; 12,369,701 shares and 11,784,765 shares issued and 12,369,701 shares and 11,271,228 shares outstanding as of June 30, 2020 and December 31, 2019, respectively 0.0 0.0
Additional paid-in capital 33.9 15.7
Accumulated deficit (255.8) (198.3)
Accumulated other comprehensive income 0.3 0.1
Total stockholders' deficit (221.6) (182.5)
Total liabilities, convertible preferred stock and stockholders' deficit $ 399.9 $ 414.3