Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of segment reporting information, by segment

The operating results of the personal property and casualty insurance reportable segment is presented in the following table below:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Total revenue	$	164.1	$	122.0	$	315.3	$	241.1
less: Loss and loss adjustment expenses, net	77.5		70.5		162.9		136.4
Other insurance expense	21.4		18.8		47.5		36.1
Sales and marketing	9.9		11.0		15.0		21.6
Advertising expenses	49.7		25.8		87.8		45.6
Technology development	22.4		21.2		44.4		42.1
General and administrative	28.8		23.3		56.9		47.6
Interest expense	4.0		1.0		7.3		1.5
Depreciation and amortization	4.7		5.2		9.2		10.2
Other expenses (1)	(11.7)		0.3		(11.7)		0.3
Income tax expense	1.3		2.1		2.3		4.2
Segment / Consolidated Net Loss	$	(43.9)	$	(57.2)	$	(106.3)	$	(104.5)

(1) Includes $11.7 million of tax refund under the ERC program (See Note 12).

Schedule of gross written premium by state

The Company has a single reportable segment and offers insurance coverage under the homeowners multi-peril, inland marine, general liability and private passenger auto lines of business. Gross written premium includes direct and assumed premium related to car insurance policies written in Texas, in connection with our fronting arrangement with a third party carrier in Texas. Gross written premium by jurisdiction are as follows ($ in millions):


	Three Months Ended June 30,								Six Months Ended June 30,
	2025				2024				2025				2024
Jurisdiction	Amount		% of GWP		Amount		% of GWP		Amount		% of GWP		Amount		% of GWP
California	$	61.3	21.5	%	$	55.3	24.4	%	$	121.7	22.6	%	$	110.6	25.6	%
Texas	38.8		13.6	%	35.9		15.9	%	71.3		13.2	%	65.9		15.3	%
New York	27.0		9.5	%	22.8		10.1	%	52.9		9.8	%	43.8		10.1	%
Washington	14.5		5.1	%	9.1		4.0	%	27.5		5.1	%	17.1		4.0	%
Illinois	14.1		5.0	%	10.9		4.8	%	25.7		4.8	%	20.6		4.8	%
New Jersey	12.8		4.5	%	10.7		4.7	%	24.5		4.5	%	20.4		4.7	%
Colorado	10.7		3.8	%	8.2		3.6	%	17.5		3.2	%	14.1		3.3	%
Pennsylvania	8.3		2.9	%	6.1		2.7	%	15.3		2.8	%	11.2		2.6	%
Florida	8.2		2.9	%	4.3		1.9	%	14.5		2.7	%	7.4		1.7	%
Georgia	7.4		2.6	%	6.8		3.0	%	13.9		2.6	%	12.4		2.9	%
All other	71.8		25.2	%	52.7		23.3	%	134.9		25.2	%	101.8		23.5	%
US	274.9		96.6	%	222.8		98.5	%	$	519.7	96.5	%	$	425.3	98.5	%
Europe and UK	9.6		3.4	%	3.4		1.5	%	19.0		3.5	%	6.5		1.5	%
Total	$	284.5	100.0	%	$	226.2	100.0	%	$	538.7	100.0	%	$	431.8	100.0	%