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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Net earned premium $ 27.4 $ 13.8
Ceding commission income 14.0 9.0
Net investment income 0.9 0.2
Commission and other income 2.0 0.5
Total revenue 44.3 23.5
Expense    
Loss and loss adjustment expense, net 24.4 16.5
Other insurance expense 9.1 4.8
Sales and marketing 38.3 29.1
Technology development 16.9 7.1
General and administrative 28.2 14.1
Total expense 116.9 71.6
Loss before income taxes (72.6) (48.1)
Income tax expense 2.2 0.9
Net loss (74.8) (49.0)
Other comprehensive loss, net of tax    
Unrealized (loss) gain on investments in fixed maturities (14.3) 0.1
Foreign currency translation adjustment (1.1) 0.7
Comprehensive loss $ (90.2) $ (48.2)
Per share data:    
Net loss per share attributable to common stockholders—basic (usd per share) $ (1.21) $ (0.81)
Net loss per share attributable to common stockholders—diluted (usd per share) $ (1.21) $ (0.81)
Weighted average common shares outstanding—basic (in shares) 61,698,568 60,218,652
Weighted average common shares outstanding—diluted (in shares) 61,698,568 60,218,652