Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of net deferred tax assets

The components of the net deferred tax assets are as follows ($ in millions):

	December 31,
	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	359.9	$	331.4
Net unearned premium	18.3		8.6
Deferred ceding commission	6.5		13.3
Stock-based compensation	6.1		5.5
Depreciation and amortization	4.8		3.3
Charitable contribution	2.5		2.3
Lease liabilities	1.6		4.3
Startup costs	0.3		0.4
Total gross deferred tax assets	400.0		369.1
Deferred tax liabilities:
Deferred acquisition costs	(2.5)		(2.5)
Right-of-use assets	(1.1)		(2.5)
Unrealized gain on investments	(0.6)		(0.1)
Total gross deferred tax liabilities	(4.2)		(5.1)
Valuation allowance	(395.8)		(364.0)
Total deferred tax assets, net	$	—	$	—

Schedule of Loss before income tax

Loss before income tax consists of the following ($ in millions):

	December 31,
	2025		2024		2023
United States	$	(122.8)	$	(170.3)	$	(208.5)
Foreign	(38.1)		(33.6)		(21.3)
Total	$	(160.9)	$	(203.9)	$	(229.8)

Schedule of Income tax expense

Income tax expense consists of the following ($ in millions):

	December 31,
	2025		2024		2023
Current:
Federal	$	—	$	—	$	—
State	0.1		—		—
Foreign	4.5		(1.7)		7.1
Total current	4.6		(1.7)		7.1
Deferred:
Federal	$	—	$	—	$	—
State	—		—		—
Foreign	—		—		—
Total deferred	—		—		—
Total income tax expense	$	4.6	$	(1.7)	$	7.1

Schedule of Unrecognized tax benefits roll forward

The Company believes it is reasonably possible that our unrecognized tax benefits could increase or decrease within the next 12 months.

Balance at December 31, 2024	$	9.7
Increase on tax positions for prior years	0.3
Increase on tax positions for current year	2.9
Settlements with taxing authorities	—
Reduction due to lapse of the applicable statute of limitations	—
Balance at December 31, 2025	$	12.9

Schedule of Effective income tax rate reconciliation

A reconciliation of the Company's statutory income tax rate to the Company's effective income tax rate is as follows ($ in millions):

	December 31,
	2025				2024				2023
Income tax expense (benefit) at US statutory rate	$	(33.8)	21.0	%	$	(42.8)	21.0	%	$	(48.3)	21.0	%
State taxes, net of federal benefit	0.1		(0.1)	%	(0.1)		(0.1)	%	(0.4)		0.2	%
Foreign tax effects
Stock compensation - Israel	8.7		(5.4)	%	8.3		(4.1)	%	8.5		(3.7)	%
Other foreign effects	0.5		(0.3)	%	0.3		(0.1)	%	—		—	%
Effect of changes in tax laws or rates enacted	—		—	%	—		—	%	—		—	%
Effect of cross-border tax laws	—		—	%	—		—	%	0.9		(0.4)	%
Tax credits	—		—	%	—		—	%	—		—	%
Changes in valuation allowance	29.2		(18.1)	%	36.3		(17.8)	%	39.7		(17.3)	%
Non-taxable or nondeductible items
Stock compensation - US	(5.7)		3.5	%	—		—	%	—		—	%
Other non-taxable or nondeductible items	2.3		(1.4)	%	(0.1)		—	%	1.4		(0.6)	%
Change in uncertain tax position	3.2		(2.0)	%	(3.6)		1.8	%	5.3		(2.3)	%
Other	0.1		(0.1)	%	—		—	%	—		—	%
Total income taxes	$	4.6	(2.9)	%	$	(1.7)	0.8	%	$	7.1	(3.1)	%

Schedule of Cash Flow, Supplemental Disclosures

The components of income taxes paid, net of refunds received were as follows ($ in millions):

	December 31,
	2025		2024		2023
Foreign - Israel	$	0.7	$	(2.0)	$	(2.9)
Foreign - Netherlands	1.7		2.1		0.2
State	0.1		—		—
Total income taxes	$	2.5	$	0.1	$	(2.7)