Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Reporting

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Total revenue	$	294.4	$	164.1	$	552.4	$	315.3
less: Loss and loss adjustment expenses, net	154.0		77.5		287.3		162.9
Other insurance expense	26.7		21.4		50.8		47.5
Sales and marketing	13.3		9.9		25.1		15.0
Advertising expenses	64.4		49.7		118.7		87.8
Technology development	30.0		22.4		56.9		44.4
General and administrative	38.4		28.8		73.4		56.9
Interest expense	7.0		4.0		13.2		7.3
Depreciation and amortization	2.4		4.7		5.1		9.2
Other expenses (1) (2)	—		(11.7)		(1.7)		(11.7)
Income tax expense	1.6		1.3		2.8		2.3
Segment / Consolidated Net Loss	$	(43.4)	$	(43.9)	$	(79.2)	$	(106.3)

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

(2) Includes $1.7 million recovery related to a pre-acquisition Metromile extra-contractual claim liability which was previously recorded in the third quarter of 2024.

Schedule of Gross Written Premium by State

Gross written premium by location is as follows ($ in millions):

	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
Location	Amount		% of GWP		Amount		% of GWP		Amount		% of GWP		Amount		% of GWP
California	$	77.9	20.5	%	$	61.3	21.5	%	$	151.6	20.9	%	$	121.7	22.6	%
Texas	52.1		13.7	%	38.8		13.6	%	92.8		12.8	%	71.3		13.2	%
New York	34.0		8.9	%	27.0		9.5	%	67.3		9.3	%	52.9		9.8	%
Washington	19.2		5.1	%	14.5		5.1	%	37.3		5.2	%	27.5		5.1	%
Illinois	16.8		4.4	%	14.1		5.0	%	30.7		4.2	%	25.7		4.8	%
New Jersey	15.5		4.1	%	12.8		4.5	%	29.9		4.1	%	24.5		4.5	%
Colorado	16.1		4.2	%	10.7		3.8	%	29.0		4.0	%	17.5		3.2	%
Florida	13.0		3.4	%	8.2		2.9	%	24.2		3.3	%	14.5		2.7	%
Arizona	10.5		2.8	%	7.3		2.6	%	20.4		2.8	%	13.5		2.5	%
Pennsylvania	10.8		2.8	%	8.3		2.9	%	20.3		2.8	%	15.3		2.8	%
All other	98.6		26.0	%	71.9		25.3	%	188.9		26.2	%	135.3		25.3	%
US	364.5		95.9	%	274.9		96.6	%	692.4		95.6	%	519.7		96.5	%
Europe and UK	15.5		4.1	%	9.6		3.4	%	31.5		4.4	%	19.0		3.5	%
Total	$	380.0	100.0	%	$	284.5	100.0	%	$	723.9	100.0	%	$	538.7	100.0	%