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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $264.1 and $168.4 at September 30, 2024 and December 31, 2023, respectively) $ 266.2 $ 165.9
Short-term investments (amortized cost: $8.6 and $0.9 at September 30, 2024 and December 31, 2023, respectively) 8.6 0.9
Other investments 4.4 4.4
Total investments 279.2 171.2
Cash and cash equivalents 674.8 678.7
Restricted cash 1.0 1.0
Premiums receivable, net of allowance of $7.2 and $4.0 at September 30, 2024 and December 31, 2023, respectively 308.7 247.1
Reinsurance recoverable and receivable, net of allowance of $1.8 at September 30, 2024 and December 31, 2023 160.6 125.3
Prepaid reinsurance premiums 37.8 48.2
Other assets 99.8 76.2
Total assets 1,561.9 1,347.7
Liabilities:    
Loss and loss adjustment expense reserves 392.4 284.2
Unearned premiums 354.4 283.7
Long-term debt and warrants 300.9 299.0
Reinsurance premiums payable 46.2 54.4
Accounts payable and accrued expenses 64.0 65.6
Other liabilities 110.1 83.1
Total liabilities 1,268.0 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 September 30, 2024 and December 31, 2023 (redemption value of $126.5) 112.0 112.0
Stockholders’ equity:    
Additional paid-in capital 1,883.8 1,883.4
Accumulated other comprehensive income (loss) 2.1 (2.5)
Accumulated loss (1,704.0) (1,715.2)
Total stockholders’ equity 181.9 165.7
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,561.9 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