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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of segment reporting information, by segment | The operating results of the personal property and casualty insurance reportable segment is presented in the following table below:
|  | Three Months Ended March 31,
|  | 2025 |  | 2024
Total revenue |  | $ | 151.2 |  |  | $ | 119.1 |
less: Loss and loss adjustment expenses, net |  | 85.4 |  |  | 65.9 |
Other insurance expense |  | 26.1 |  |  | 17.3 |
Sales and marketing |  | 5.1 |  |  | 10.6 |
Advertising expenses |  | 38.1 |  |  | 19.8 |
Technology development |  | 22.0 |  |  | 20.9 |
General and administrative |  | 28.1 |  |  | 24.2 |
Interest expense |  | 3.3 |  |  | 0.6 |
Depreciation and amortization |  | 4.5 |  |  | 5.0 |
Income tax expense |  | 1.0 |  |  | 2.1 |
Segment / Consolidated Net Loss |  | $ | (62.4) |  |  | $ | (47.3) |
Schedule of gross written premium by state | The Company has a single reportable segment and offers insurance coverage under the homeowners multi-peril, inland marine, general liability and private passenger auto lines of business. Gross written premium includes direct and assumed premium related to car insurance policies written in Texas, in connection with our fronting arrangement with a third party carrier in Texas. Gross written premium by jurisdiction are as follows ($ in millions):
|  |  |  | Three Months Ended March 31, |  |  |  |
|  |  |  |  |  | 2025 |  | 2024 |  |  |  |  |  |
Jurisdiction |  |  |  |  |  |  |  |  |  | Amount |  | % of GWP |  | Amount |  | % of GWP |  |  |  |  |  |  |  |  |  |
California |  |  |  |  |  |  |  |  |  | $ | 60.4 |  |  | 23.8 | % |  | $ | 55.3 |  |  | 26.9 | % |  |  |  |  |  |  |  |  |  |
Texas |  |  |  |  |  |  |  |  |  | 32.5 |  |  | 12.8 | % |  | 30.0 |  |  | 14.6 | % |  |  |  |  |  |  |  |  |  |
New York |  |  |  |  |  |  |  |  |  | 25.9 |  |  | 10.2 | % |  | 21.0 |  |  | 10.2 | % |  |  |  |  |  |  |  |  |  |
Washington |  |  |  |  |  |  |  |  |  | 13.0 |  |  | 5.1 | % |  | 8.0 |  |  | 3.9 | % |  |  |  |  |  |  |  |  |  |
New Jersey |  |  |  |  |  |  |  |  |  | 11.7 |  |  | 4.6 | % |  | 9.7 |  |  | 4.7 | % |  |  |  |  |  |  |  |  |  |
Illinois |  |  |  |  |  |  |  |  |  | 11.6 |  |  | 4.6 | % |  | 9.7 |  |  | 4.7 | % |  |  |  |  |  |  |  |  |  |
Pennsylvania |  |  |  |  |  |  |  |  |  | 7.0 |  |  | 2.8 | % |  | 5.1 |  |  | 2.5 | % |  |  |  |  |  |  |  |  |  |
Colorado |  |  |  |  |  |  |  |  |  | 6.8 |  |  | 2.7 | % |  | 5.9 |  |  | 2.9 | % |  |  |  |  |  |  |  |  |  |
Georgia |  |  |  |  |  |  |  |  |  | 6.5 |  |  | 2.6 | % |  | 5.6 |  |  | 2.7 | % |  |  |  |  |  |  |  |  |  |
Florida |  |  |  |  |  |  |  |  |  | 6.3 |  |  | 2.5 | % |  | 3.1 |  |  | 1.5 | % |  |  |  |  |  |  |  |  |  |
All other |  |  |  |  |  |  |  |  |  | 63.1 |  |  | 24.6 | % |  | 49.1 |  |  | 23.9 | % |  |  |  |  |  |  |  |  |  |
US |  |  |  |  |  |  |  |  |  | $ | 244.8 |  |  | 96.3 | % |  | $ | 202.5 |  |  | 98.5 | % |  |  |  |  |  |  |  |  |  |
Europe and UK |  |  |  |  |  |  |  |  |  | 9.4 |  |  | 3.7 | % |  | 3.1 |  | 1.5 | % |  |  |  |  |  |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  | $ | 254.2 |  |  | 100.0 | % |  | $ | 205.6 |  |  | 100.0 | % |  |  |  |  |  |  |  |  |  |

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