CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Investments
Fixed maturities available-for-sale, at fair value (amortized cost: $772.4 million and $706.0 million as of June 30, 2026 and December 31, 2025, respectively)	$ 768.5	$ 708.8
Short-term investments (cost: $9.2 million and $14.1 million as of June 30, 2026 and December 31, 2025, respectively)	9.2	14.1
Total investments	777.7	722.9
Cash, cash equivalents and restricted cash	380.3	396.8
Premium receivable, net of allowance for credit losses of $5.0 million and $4.1 million as of June 30, 2026 and December 31, 2025, respectively	490.4	402.3
Reinsurance recoverable	132.1	153.4
Prepaid reinsurance premium	125.3	147.9
Deferred acquisition costs	16.1	12.1
Property and equipment, net	18.9	15.8
Intangible assets	8.1	8.1
Goodwill	19.0	19.0
Other assets	44.0	47.4
Total assets	2,011.9	1,925.7
Liabilities and Stockholders' Equity
Unpaid loss and loss adjustment expense	307.5	303.1
Unearned premium	661.7	577.0
Trade payables	2.4	0.5
Funds held for reinsurance treaties	153.0	169.5
Deferred ceding commission	34.2	38.2
Ceded premium payable	20.6	23.9
Borrowings under financing agreement	206.4	158.1
Other liabilities and accrued expenses	126.6	121.8
Total liabilities	1,512.4	1,392.1
Commitments and Contingencies (Note 15)
Stockholders' equity
Common stock, $0.00001 par value, 200,000,000 shares authorized; 77,326,718 and 75,907,215 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	0.0	0.0
Additional paid-in capital	2,043.3	1,991.5
Accumulated deficit	(1,543.5)	(1,464.3)
Accumulated other comprehensive (loss) income	(0.3)	6.4
Total stockholders' equity	499.5	533.6
Total liabilities and stockholders' equity	$ 2,011.9	$ 1,925.7