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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUE:    
Revenue from contract with customer $ 384,527 $ 323,255
Earned premium 403,061 295,824
Total revenue 787,588 619,079
OPERATING EXPENSES:    
Salaries and benefits 199,542 171,901
Ceding commission 191,150 140,983
Losses and loss adjustment expenses 182,402 122,080
Sales expense 140,781 107,483
General and administrative services 89,068 64,558
Depreciation and amortization 33,887 22,144
Restructuring, impairment and related charges, net 18,324 0
Total operating expenses 855,154 629,149
OPERATING INCOME (LOSS) (67,566) (10,070)
Change in fair value of warrant liabilities 41,899 (42,540)
Revaluation gain on previously held equity method investment 34,735 0
Interest and other income (expense) 2,028 (1,993)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 11,096 (54,603)
Income tax benefit (expense) (7,017) (6,751)
Income (loss) from equity method investment, net of tax (1,676) 0
NET INCOME (LOSS) 2,403 (61,354)
Net loss (income) attributable to non-controlling interest 29,675 398
Net loss (income) attributable to redeemable non-controlling interest 0 14,598
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST $ 32,078 $ (46,358)
Earnings (loss) per share of Class A Common Stock:    
Basic (in dollars per share) $ 0.39 $ (0.56)
Diluted (in dollars per share)   (0.56)
Class A Common Stock    
Earnings (loss) per share of Class A Common Stock:    
Basic (in dollars per share) 0.39 (0.56)
Diluted (in dollars per share) $ (0.07) $ (0.56)
Weighted-average shares of Class A Common Stock outstanding:    
Basic (in shares) 82,728 82,327
Diluted (in shares) 336,147 82,327
Commission and fee revenue    
REVENUE:    
Revenue from contract with customer $ 307,238 $ 271,571
Membership, marketplace and other revenue    
REVENUE:    
Revenue from contract with customer $ 77,289 $ 51,684