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v3.20.4

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Taxes |
Schedule of components of net deferred tax assets | The components of the net deferred tax assets are as follows ($ in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2018 |  | 2019
Deferred tax assets (liabilities): | ​ |  | ​ | ​ |  | ​
Net operating loss carryforwards | ​ | $ | 27.3 | ​ | $ | 62.1
Stock‑based compensation | ​ |  | 0.4 | ​ |  | 0.4
Net unearned premium | ​ |  | 1.1 | ​ |  | 2.9
Startup costs | ​ |  | 0.6 | ​ |  | 1.0
Other | ​ |  | — | ​ |  | 0.4
Total gross deferred tax assets | ​ |  | 29.4 | ​ |  | 66.8
Deferred tax liabilities: | ​ |  |  | ​ |  |
Deferred acquisition costs | ​ |  | — | ​ |  | (0.4)
Depreciation and amortization | ​ |  | — | ​ |  | (0.4)
Total gross deferred tax liabilities | ​ |  | — | ​ |  | (0.8)
Valuation allowance | ​ |  | (29.4) | ​ |  | (66.0)
Total deferred tax assets, net | ​ | $ | — | ​ | $ | —
Schedule of (Loss) income before tax | (Loss) income before tax consists of the following ($ in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2018 |  | 2019
United States | ​ | $ | (53.0) | ​ | $ | (109.5)
Foreign | ​ |  | 0.4 | ​ |  | 1.6
Total | ​ | $ | (52.6) | ​ | $ | (107.9)
Schedule of components of Income tax expense | Income tax expense consists of the following ($ in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2018 |  | 2019
Current: |  | ​ |  |  | ​ |
Federal | ​ | $ | — | ​ | $ | —
State | ​ |  | — | ​ |  | —
Foreign | ​ |  | 0.3 | ​ |  | 0.6
Total current | ​ |  | 0.3 | ​ |  | 0.6
Deferred: | ​ |  |  | ​ |  |
Federal | ​ | $ | — | ​ | $ | —
State | ​ |  | — | ​ |  | —
Foreign | ​ |  | — | ​ |  | —
Total deferred | ​ |  | — | ​ |  | —
Total income tax expense | ​ | $ | 0.3 | ​ | $ | 0.6
Schedule of reconciliation statutory income tax rate | A reconciliation of the Company’s statutory income tax rate to the Company’s effective income tax rate is as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2018 |  | 2019 |
Income at US statutory rate |  | 21.0 | % | 21.0 | %
State taxes, net of federal benefit |  | 12.0 | % | 13.9 | %
Permanent differences |  | (1.4) | % | (1.7) | %
Tax law change |  | 0.5 | % | — | ​
Foreign rate differential |  | — |  | 0.1 | %
Valuation allowance |  | (33.6) | % | (33.9) | %
Other |  | 0.9 | % | — | ​
Total income taxes |  | (0.6) | % | (0.6) | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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