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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $210.6 and $168.4 at March 31, 2024 and December 31, 2023, respectively) $ 207.3 $ 165.9
Short-term investments (amortized cost: $8.7 and $0.9 at March 31, 2024 and December 31, 2023, respectively) 8.7 0.9
Other investments 4.4 4.4
Total investments 220.4 171.2
Cash and cash equivalents 640.5 678.7
Restricted cash 1.0 1.0
Premiums receivable, net of allowance of $5.2 and $4.0 at March 31, 2024 and December 31, 2023, respectively 292.0 247.1
Reinsurance recoverable and receivable, net of allowance of $1.8 at March 31, 2024 and December 31, 2023 147.1 125.3
Prepaid reinsurance premiums 50.2 48.2
Other assets 81.1 76.2
Total assets 1,432.3 1,347.7
Liabilities:    
Loss and loss adjustment expense reserves 322.0 284.2
Unearned premiums 339.4 283.7
Long-term debt and warrants 299.3 299.0
Reinsurance premiums payable 54.1 54.4
Accounts payable and accrued expenses 40.9 65.6
Other liabilities 98.9 83.1
Total liabilities 1,154.6 1,070.0
Commitments and Contingencies (Note 11)
Redeemable convertible preferred stock, $0.0001 par value, 100.0 shares authorized, 14.1 shares issued and outstanding at March 31, 2024 and December 31, 2023 (redemption value of $126.5) 112.0 112.0
Stockholders’ equity:    
Additional paid-in capital 1,890.4 1,883.4
Accumulated other comprehensive loss (3.3) (2.5)
Accumulated loss (1,721.4) (1,715.2)
Total stockholders’ equity 165.7 165.7
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,432.3 1,347.7
Class A Shares    
Stockholders’ equity:    
Common stock, value 0.0 0.0
Class B Shares    
Stockholders’ equity:    
Common stock, value $ 0.0 $ 0.0