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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments    
#REF! $ 674.1 $ 691.4
Short-term investments (cost: $85.9 million and $110.4 million as of June 30, 2022 and December 31, 2021, respectively) 85.9 110.4
Total investments 760.0 801.8
Cash and cash equivalents 199.6 270.6
#REF! 147.6 127.0
Reinsurance recoverable 110.3 89.8
Prepaid reinsurance premium 168.9 149.6
Deferred acquisition costs 7.4 6.2
Property and equipment, net 13.2 11.7
Intangible assets 0.6 0.6
Other assets 53.3 53.2
Total assets 1,460.9 1,510.5
Liabilities and Stockholders' Equity    
Unpaid loss and loss adjustment expense 122.9 97.9
Unearned premium 241.6 207.7
Trade payables 1.3 1.0
Funds held for reinsurance treaties 119.2 103.1
Deferred ceding commission 42.1 36.5
Ceded premium payable 21.0 18.7
Other liabilities and accrued expenses 63.7 57.4
Total liabilities 611.8 522.3
Contingencies (Note 15)
Stockholders' equity    
Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,867,577 and 61,660,996 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 0.0 0.0
Additional paid-in capital 1,582.5 1,553.5
Accumulated deficit (704.6) (561.9)
Accumulated other comprehensive loss (28.8) (3.4)
Total stockholders' equity 849.1 988.2
Total liabilities and stockholders' equity $ 1,460.9 $ 1,510.5