XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue            
Net earned premium $ 29.2   $ 13.3   $ 54.5 $ 23.8
Ceding commission income 0.4   0.0   0.4 0.0
Net investment income 0.2   0.5   1.1 1.0
Commission income 0.1   0.0   0.1 0.0
Total revenue 29.9   13.8   56.1 24.8
Expense            
Loss and loss adjustment expense, net 20.5   9.9   38.7 17.8
Other insurance expense 4.0   2.2   7.3 4.1
Sales and marketing 16.1   19.0   35.3 37.4
Technology development 4.2   2.1   7.7 3.6
General and administrative 5.8   3.6   24.0 6.4
Total expense 50.6   36.8   113.0 69.3
Loss before income taxes (20.7)   (23.0)   (56.9) (44.5)
Income tax expense 0.3   0.1   0.6 0.2
Net loss (21.0) $ (36.5) (23.1) $ (21.6) (57.5) (44.7)
Other comprehensive income, net of tax            
Unrealized gain on investments 0.2 $ 0.0 0.0 $ 0.0 0.2 0.0
Comprehensive loss $ (20.8)   $ (23.1)   $ (57.3) $ (44.7)
Per Share Data:            
Net loss per share attributable to common stockholders—basic and diluted (usd per share) $ (1.77)   $ (2.09)   $ (4.89) $ (4.05)
Weighted average common shares outstanding—basic and diluted (shares) 11,891,979   11,072,985   11,750,198 11,028,667