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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in one reportable segment providing personal property and casualty insurance products within the United States and Europe, including the UK. Insurance coverage under the homeowners multi-peril, inland marine and general liability and private passenger auto lines of business are offered to individual customers through its direct to consumer distribution channel which follows the same underwriting and claims process. The Company's Chief Operating Decision Maker (CODM) is the Chief Executive Officer. The CODM manages the Company’s operations, evaluates the operating performance and decides on allocation of resources based on segment / consolidated net income (loss). Loss and loss adjustment expenses and advertising expenses (growth spend), as included in “Sales and Marketing expenses”, in the condensed consolidated statements of operations and comprehensive loss, represents the significant expenses which are regularly provided and reviewed by the CODM. The operating results of the personal property and casualty insurance reportable segment is presented in the following table below ($ in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Total revenue$194.5 $136.6 $509.8 $377.7 
less: Loss and loss adjustment expenses, net89.6 77.9 252.5 214.3 
         Other insurance expense24.1 19.8 71.6 55.9 
         Sales and marketing11.3 11.5 26.3 33.1 
         Advertising expenses46.1 39.9 133.9 85.5 
         Technology development24.7 21.9 69.1 64.0 
         General and administrative30.3 24.5 87.2 72.0 
         Interest expense4.6 1.8 11.9 3.4 
         Depreciation and amortization3.4 5.1 12.6 15.3 
         Other expenses (1) (2)
(3.3)— (15.0)0.3 
         Income tax expense1.2 1.9 3.5 6.1 
Segment / Consolidated Net Loss$(37.5)$(67.7)$(143.8)$(172.2)
(1) Includes $11.7 million of tax refund under the Employee Retention Credit Program (See Note 12), $2.3 million of gain from early lease termination (See Note 15) and $1.0 million recovery related to a liability claim exposure (See Note 15) for the nine months ended September 30, 2025.
(2) Includes impairment charge of $0.3 million related to a portion of the New York office sublease, net of gain on termination of lease for the nine months ended September 30, 2024 (See Note 15).
The measure of segment assets is based on total assets as reported on the consolidated balance sheets. The Company does not allocate its assets, including investments, or income taxes in evaluating the segment / consolidated net income (loss).
Gross written premium includes direct and assumed premium related to car insurance policies written in Texas, in connection with our fronting arrangement with a third party carrier in Texas. Gross written premium by jurisdiction are as follows ($ in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
JurisdictionAmount% of GWPAmount% of GWPAmount% of GWPAmount% of GWP
California$70.2 21.1 %$60.8 22.6 %$191.9 22.0 %$171.4 24.5 %
Texas42.0 12.6 %38.2 14.2 %113.3 13.0 %104.1 14.9 %
New York34.1 10.2 %28.6 10.6 %87.0 10.0 %72.4 10.3 %
Washington17.0 5.1 %11.0 4.1 %44.5 5.1 %28.1 4.0 %
Illinois16.0 4.8 %13.2 4.9 %41.7 4.8 %33.8 4.8 %
New Jersey14.9 4.5 %13.0 4.8 %39.4 4.5 %33.4 4.8 %
Colorado11.8 3.5 %8.7 3.2 %29.3 3.4 %22.8 3.3 %
Pennsylvania9.5 2.9 %7.6 2.8 %24.8 2.8 %18.8 2.7 %
Florida9.8 2.9 %6.1 2.3 %24.3 2.8 %13.5 1.9 %
Georgia8.2 2.5 %8.0 3.0 %22.1 2.5 %20.4 2.9 %
All other86.5 26.0 %67.0 24.9 %221.4 25.4 %168.8 24.0 %
US320.0 96.1 %262.2 97.5 %$839.7 96.3 %$687.5 98.1 %
Europe and UK13.3 3.9 %6.7 2.5 %32.3 3.7 %13.2 1.9 %
Total$333.3 100.0 %$268.9 100.0 %$872.0 100.0 %$700.7 100.0 %