CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Investments
Fixed maturities available-for-sale, at fair value (amortized cost: $654.1 million and $607.1 million as of March 31, 2025 and December 31, 2024, respectively)	$ 655.6	$ 607.4
Short-term investments (cost: $20.5 million and $27.5 million as of March 31, 2025 and December 31, 2024, respectively)	20.5	27.5
Total investments	676.1	634.9
Cash, cash equivalents and restricted cash	319.7	385.7
Premium receivable, net of allowance for credit losses of $2.8 million and $2.8 million as of March 31, 2025 and December 31, 2024, respectively	317.8	301.2
Reinsurance recoverable	182.3	170.4
Prepaid reinsurance premium	263.5	253.6
Deferred acquisition costs	11.4	12.2
Property and equipment, net	16.2	16.1
Intangible assets	11.2	13.6
Goodwill	19.0	19.0
Other assets	39.4	42.4
Total assets	1,856.6	1,849.1
Liabilities and Stockholders' Equity
Unpaid loss and loss adjustment expense	307.3	298.1
Unearned premium	476.2	455.0
Trade payables	3.4	4.5
Funds held for reinsurance treaties	225.1	219.6
Deferred ceding commission	61.0	65.6
Ceded premium payable	26.2	23.8
Borrowings under financing agreement	101.9	83.4
Other liabilities and accrued expenses	110.0	105.7
Total liabilities	1,311.1	1,255.7
Commitments and Contingencies (Note 15)
Stockholders' equity
Common stock, $0.00001 par value, 200,000,000 shares authorized; 73,212,871 and 72,720,866 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	0.0	0.0
Additional paid-in capital	1,910.1	1,898.3
Accumulated deficit	(1,361.2)	(1,298.8)
Accumulated other comprehensive loss	(3.4)	(6.1)
Total stockholders' equity	545.5	593.4
Total liabilities and stockholders' equity	$ 1,856.6	$ 1,849.1