CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Investments
Fixed maturities available-for-sale, at fair value (amortized cost: $622.6 million and $607.1 million as of June 30, 2025 and December 31, 2024, respectively)	$ 624.5	$ 607.4
Short-term investments (cost: $21.3 million and $27.5 million as of June 30, 2025 and December 31, 2024, respectively)	21.3	27.5
Total investments	645.8	634.9
Cash, cash equivalents and restricted cash	386.0	385.7
Premium receivable, net of allowance for credit losses of $2.8 million and $2.8 million as of June 30, 2025 and December 31, 2024, respectively	346.7	301.2
Reinsurance recoverable	177.8	170.4
Prepaid reinsurance premium	281.6	253.6
Deferred acquisition costs	12.6	12.2
Property and equipment, net	16.0	16.1
Intangible assets	8.8	13.6
Goodwill	19.0	19.0
Other assets	40.3	42.4
Total assets	1,934.6	1,849.1
Liabilities and Stockholders' Equity
Unpaid loss and loss adjustment expense	309.8	298.1
Unearned premium	509.5	455.0
Trade payables	2.3	4.5
Funds held for reinsurance treaties	240.1	219.6
Deferred ceding commission	68.4	65.6
Ceded premium payable	29.7	23.8
Borrowings under financing agreement	123.5	83.4
Other liabilities and accrued expenses	124.2	105.7
Total liabilities	1,407.5	1,255.7
Commitments and Contingencies (Note 15)
Stockholders' equity
Common stock, $0.00001 par value, 200,000,000 shares authorized; 73,819,710 and 72,720,866 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	0.0	0.0
Additional paid-in capital	1,928.0	1,898.3
Accumulated deficit	(1,405.1)	(1,298.8)
Accumulated other comprehensive income (loss)	4.2	(6.1)
Total stockholders' equity	527.1	593.4
Total liabilities and stockholders' equity	$ 1,934.6	$ 1,849.1