Segment Reporting and Disaggregated Revenue (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Segment Information, by Segment

The tables below presents the Company's segment information for the three months ended March 31, 2026 and 2025:

	Three months ended March 31, 2026
	Insurance		Marketplace		Total
REVENUES:	(in thousands)
Earned premium, net	$	239,642	$	—	$	239,642
Commission and fee revenue	16,435		—		16,435
Marketplace revenue	—		25,652		25,652
Membership and other revenue	22,127		—		22,127
Net investment income	10,014		249		10,263
Net investment losses	(2,289)		—		(2,289)
Total revenue	285,929		25,901		311,830
EXPENSES:
Losses and loss adjustment expenses, net	97,919		—		97,919
Policy acquisition costs, net	101,922		—		101,922
Underwriting and other insurance expenses	59,588		—		59,588
Selling, general, and administrative expenses	46,866		25,272		72,138
Interest expense and other, net	(16)		(157)		(173)
Total segment expenses	306,279		25,115		331,394
Segment income (loss) before taxes	(20,350)		786		(19,564)
Corporate expenses					(278)
Interest expense					(1,095)
Loss before taxes					$	(20,937)

	Three months ended March 31, 2025
	Insurance		Marketplace		Total
REVENUES:	(in thousands)
Earned premium, net	$	169,355	$	—	$	169,355
Commission and fee revenue	100,287		—		100,287
Marketplace revenue	—		29,086		29,086
Membership and other revenue	20,865		—		20,865
Net investment income	8,883		175		9,058
Net investment losses	(315)		—		(315)
Total revenue	299,075		29,261		328,336
EXPENSES:
Losses and loss adjustment expenses, net	71,130		—		71,130
Policy acquisition costs, net	77,333		—		77,333
Underwriting and other insurance expenses	1,357		—		1,357
Selling, general, and administrative expenses	115,941		27,839		143,780
Interest expense and other, net	412		(116)		296
Total segment expenses	266,173		27,723		293,896
Segment income before taxes	32,902		1,538		34,440
Corporate expenses					(265)
Interest expense					(1,393)
Income before taxes					$	32,782

Schedule of Disaggregation of Revenue

The following tables present revenues from customer contracts that are recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), disaggregated by geographic area, as well as a reconciliation to total revenue for the three months ended March 31, 2026 and 2025:

	Three months ended March 31, 2026
	Insurance		Marketplace		Total
	in thousands
United States	$	30,978	$	17,031	$	48,009
International	7,584		5,500		13,084
Total revenue from customer contracts	38,562		22,531		61,093
Earned premium, net	239,642		—		239,642
Net investment income	10,014		249		10,263
Net investment losses	(2,289)		—		(2,289)
Finance revenue	—		3,121		3,121
Total revenue	$	285,929	$	25,901	$	311,830

	Three months ended March 31, 2025
	Insurance		Marketplace		Total
	in thousands
United States	$	115,300	$	26,095	$	141,395
International	5,852		1,145		6,997
Total revenue from customer contracts	121,152		27,240		148,392
Earned premium, net	169,355		—		169,355
Net investment income	8,883		175		9,058
Net investment losses	(315)		—		(315)
Finance revenue	—		1,846		1,846
Total revenue	$	299,075	$	29,261	$	328,336

The tables below present the Company's revenue by distribution channel for the three months ended March 31, 2026 and 2025:

	Three months ended March 31, 2026
	Agent		Direct		Total
	in thousands
Commission and fee revenue	$	9,812	$	3,915	$	13,727
Contingent commission	1,415		1,293		2,708
Total commission and fee revenue	$	11,227	$	5,208	$	16,435

	Three months ended March 31, 2025
	Agent		Direct		Total
	in thousands
Commission and fee revenue	$	49,092	$	40,078	$	89,170
Contingent commission	5,784		5,333		11,117
Total commission and fee revenue	$	54,876	$	45,411	$	100,287