CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Investments
Fixed maturities available-for-sale, at fair value (amortized cost: $696.8 million and $6.4 million as of December 31, 2021 and 2020)	$ 691.4	$ 6.6
Short-term investments (cost: $110.4 million)	110.4	0.0
Total investments	801.8	6.6
Cash, cash equivalents and restricted cash	270.6	571.4
Premium receivable, net of allowance for credit losses of $1.6 million and $0.5 million as of December 31, 2021 and 2020	127.0	86.1
Reinsurance recoverable	89.8	49.0
Prepaid reinsurance premium	149.6	91.3
Deferred acquisition costs	6.2	3.5
Property and equipment, net	11.7	5.7
Intangible assets	0.6	0.6
Other assets	53.2	14.5
Total assets	1,510.5	828.7
Liabilities and Stockholders' Equity
Unpaid losses and loss adjustment expenses	97.9	46.3
Unearned premium	207.7	123.8
Trade payables	1.0	1.4
Funds held for reinsurance treaties	103.1	62.1
Deferred ceding commission	36.5	22.4
Ceded premium payable	18.7	13.0
Other liabilities and accrued expenses	57.4	18.7
Total liabilities	522.3	287.7
Commitments and contingencies (Note 21)
Stockholders' equity
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2021 and 2020; 61,660,996 shares and 56,774,294 shares issued and outstanding as of December 31, 2021 and 2020, respectively	0.0	0.0
Additional paid-in capital	1,553.5	859.8
Accumulated deficit	(561.9)	(320.6)
Accumulated other comprehensive income	(3.4)	1.8
Total stockholders' equity	988.2	541.0
Total liabilities and stockholders' equity	$ 1,510.5	$ 828.7