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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Net earned premium $ 68.2 $ 27.4
Ceding commission income 17.2 14.0
Net investment income 5.0 0.9
Commission and other income 4.8 2.0
Total revenue 95.2 44.3
Expense    
Loss and loss adjustment expense, net 63.6 24.4
Other insurance expense 13.6 9.1
Sales and marketing 28.2 38.3
Technology development 21.8 16.9
General and administrative 32.7 28.2
Total expense 159.9 116.9
Loss before income taxes (64.7) (72.6)
Income tax expense 1.1 2.2
Net loss (65.8) (74.8)
Other comprehensive loss, net of tax    
Unrealized gain (loss) on investments in fixed maturities 6.0 (14.3)
Foreign currency translation adjustment (0.7) (1.1)
Comprehensive loss $ (60.5) $ (90.2)
Per share data:    
Net loss per share attributable to common stockholders—basic (usd per share) $ (0.95) $ (1.21)
Net loss per share attributable to common stockholders—diluted (usd per share) $ (0.95) $ (1.21)
Weighted average common shares outstanding—basic (in shares) 69,334,103 61,698,568
Weighted average common shares outstanding—diluted (in shares) 69,334,103 61,698,568