Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Fair value hierarchy for financial assets and liabilities

The following tables present the Company’s fair value hierarchy for financial assets and liabilities measured as of June 30, 2025 and December 31, 2024 ($ in millions):

	June 30, 2025
	Level 1		Level 2		Level 3		Total
Financial Assets:
Corporate debt securities	$	—	$	488.1	$	—	$	488.1
U.S. Government obligations	—		88.0		—		88.0
Asset-backed securities	—		33.9		—		33.9
Non-U.S. government obligations	—		14.5		—		14.5
Fixed maturities	$	—	$	624.5	$	—	$	624.5
Short term investments	—		21.3		—		21.3
Total	$	—	$	645.8	$	—	$	645.8
Financial Liabilities:
Warrant Liability (1)	$	—	$	—	$	—	$	—

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Corporate debt securities	$	—	$	470.8	$	—	$	470.8
U.S. Government obligations	—		107.7		—		107.7
Asset-backed securities	—		22.9		—		22.9
Non-U.S. government obligations	—		6.0		—		6.0
Fixed maturities	$	—	$	607.4	$	—	$	607.4
Short term investments	—		27.5		—		27.5
Total	$	—	$	634.9	$	—	$	634.9
Financial Liabilities:
Warrant Liability (1)	$	—	$	—	$	—	$	—

(1) Fair value of Public and Private warrant liability amounted to less than $0.1 million as of both June 30, 2025 and December 31, 2024.