CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Investments
Fixed maturities available-for-sale, at fair value (amortized cost: $607.1 million and $632.0 million as of December 31, 2024 and 2023, respectively)	$ 607.4	$ 627.4
Short-term investments (cost: $27.5 million and $45.8 million as of December 31, 2024 and 2023, respectively)	27.5	45.8
Total investments	634.9	673.2
Cash, cash equivalents and restricted cash	385.7	271.5
Premium receivable, net of allowance for credit losses of $2.8 million and $2.5 million as of December 31, 2024 and 2023, respectively	301.2	222.0
Reinsurance recoverable	170.4	138.4
Prepaid reinsurance premium	253.6	196.3
Deferred acquisition costs	12.2	8.8
Property and equipment, net	16.1	17.4
Intangible assets	13.6	22.9
Goodwill	19.0	19.0
Other assets	42.4	63.8
Total assets	1,849.1	1,633.3
Liabilities and Stockholders' Equity
Unpaid losses and loss adjustment expenses	298.1	262.3
Unearned premium	455.0	353.7
Trade payables	4.5	0.6
Funds held for reinsurance treaties	219.6	128.8
Deferred ceding commission	65.6	41.4
Ceded premium payable	23.8	23.2
Borrowings under financing agreement	83.4	14.9
Other liabilities and accrued expenses	105.7	99.5
Total liabilities	1,255.7	924.4
Commitments and contingencies (Note 21)
Stockholders' equity
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2024 and 2023; 72,720,866 shares and 70,163,703 shares issued and outstanding as of December 31, 2024 and 2023, respectively	0.0	0.0
Additional paid-in capital	1,898.3	1,814.5
Accumulated deficit	(1,298.8)	(1,096.6)
Accumulated other comprehensive loss	(6.1)	(9.0)
Total stockholders' equity	593.4	708.9
Total liabilities and stockholders' equity	$ 1,849.1	$ 1,633.3