Other Liabilities and Accrued Expenses

6 Months Ended

Jun. 30, 2023

Other Liabilities Disclosure [Abstract]

Other Liabilities and Accrued Expenses

Other Liabilities and Accrued Expenses

Other liabilities and accrued expenses as of June 30, 2023 and December 31, 2022 consist of the following ($ in millions):

	June 30,		December 31,
	2023		2022
Lease liabilities	$	31.7	$	35.2
Uncertain tax position	9.6		8.1
Employee compensation	8.5		12.8
Accrued advertising costs	5.8		6.8
Accrued professional fees	5.8		5.5
Advance premium	4.4		2.1
Premium taxes payable	2.9		6.2
Accrued hosting and software	2.9		2.0
Income taxes payable	0.9		0.6
Warrant liability	—		0.3
Other payables	7.3		4.9
Total	$	79.8	$	84.5

On June 28, 2023, the Company entered into a Customer Investment Agreement (the “Agreement”), with GC Customer Value Arranger, LLC (a General Catalyst company) ("GC"). Under the Agreement, up to $150 million of financing will be provided for the Company’s sales and marketing growth efforts. The Agreement has a commitment period of 18 months. Under the Agreement, subject to certain terms and conditions specified therein, at the start of each growth period, an Investment Amount of up to 80% of the Company’s growth spend (the "Investment Amount") will be advanced by GC. During each growth period, the Company will repay each Investment Amount including a 16% rate of return based upon an agreed schedule. Once fully repaid, the Company will retain all future reference income related to each respective Investment Amount. The Company had no outstanding borrowings under the Agreement as of June 30, 2023, and subsequently received advances from GC totaling $4.4 million.