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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of net deferred tax assets | The components of the net deferred tax assets are as follows ($ in millions):
| December 31,
| 2025 |  | 2024
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 359.9 |  |  | $ | 331.4 |
Net unearned premium | 18.3 |  |  | 8.6 |
Deferred ceding commission | 6.5 |  |  | 13.3 |
Stock-based compensation | 6.1 |  |  | 5.5 |
Depreciation and amortization | 4.8 |  |  | 3.3 |
Charitable contribution | 2.5 |  |  | 2.3 |
Lease liabilities | 1.6 |  |  | 4.3 |
Startup costs | 0.3 |  |  | 0.4 |
Total gross deferred tax assets | 400.0 |  |  | 369.1 |
Deferred tax liabilities: |  |  |
Deferred acquisition costs | (2.5) |  |  | (2.5) |
Right-of-use assets | (1.1) |  |  | (2.5) |
Unrealized gain on investments | (0.6) |  |  | (0.1) |
Total gross deferred tax liabilities | (4.2) |  |  | (5.1) |
Valuation allowance | (395.8) |  |  | (364.0) |
Total deferred tax assets, net | $ | — |  |  | $ | — |
Schedule of Loss before income tax | Loss before income tax consists of the following ($ in millions):
| December 31,
| 2025 |  | 2024 |  | 2023
United States | $ | (122.8) |  |  | $ | (170.3) |  |  | $ | (208.5) |
Foreign | (38.1) |  |  | (33.6) |  |  | (21.3) |
Total | $ | (160.9) |  |  | $ | (203.9) |  |  | $ | (229.8) |
Schedule of Income tax expense | Income tax expense consists of the following ($ in millions):
| December 31,
| 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
Federal | $ | — |  |  | $ | — |  |  | $ | — |
State | 0.1 |  |  | — |  |  | — |
Foreign | 4.5 |  |  | (1.7) |  |  | 7.1 |
Total current | 4.6 |  |  | (1.7) |  |  | 7.1 |
Deferred: |  |  |  |  |
Federal | $ | — |  |  | $ | — |  |  | $ | — |
State | — |  |  | — |  |  | — |
Foreign | — |  |  | — |  |  | — |
Total deferred | — |  |  | — |  |  | — |
Total income tax expense | $ | 4.6 |  |  | $ | (1.7) |  |  | $ | 7.1 |
Schedule of Unrecognized tax benefits roll forward | The Company believes it is reasonably possible that our unrecognized tax benefits could increase or decrease within the next 12 months.
Balance at December 31, 2024 | $ | 9.7 |
Increase on tax positions for prior years | 0.3 |
Increase on tax positions for current year | 2.9 |
Settlements with taxing authorities | — |
Reduction due to lapse of the applicable statute of limitations | — |
Balance at December 31, 2025 | $ | 12.9 |
Schedule of Effective income tax rate reconciliation | A reconciliation of the Company's statutory income tax rate to the Company's effective income tax rate is as follows ($ in millions):
| December 31,
| 2025 |  | 2024 |  | 2023
Income tax expense (benefit) at US statutory rate | $ | (33.8) |  |  | 21.0 | % |  | $ | (42.8) |  |  | 21.0 | % |  | $ | (48.3) |  |  | 21.0 | %
State taxes, net of federal benefit | 0.1 |  |  | (0.1) | % |  | (0.1) |  |  | (0.1) | % |  | (0.4) |  |  | 0.2 | %
Foreign tax effects |  |  |  |  |  |  |  |  |  |  |
Stock compensation - Israel | 8.7 |  |  | (5.4) | % |  | 8.3 |  |  | (4.1) | % |  | 8.5 |  |  | (3.7) | %
Other foreign effects | 0.5 |  |  | (0.3) | % |  | 0.3 |  |  | (0.1) | % |  | — |  |  | — | %
Effect of changes in tax laws or rates enacted | — |  |  | — | % |  | — |  |  | — | % |  | — |  |  | — | %
Effect of cross-border tax laws | — |  |  | — | % |  | — |  |  | — | % |  | 0.9 |  |  | (0.4) | %
Tax credits | — |  |  | — | % |  | — |  |  | — | % |  | — |  |  | — | %
Changes in valuation allowance | 29.2 |  |  | (18.1) | % |  | 36.3 |  |  | (17.8) | % |  | 39.7 |  |  | (17.3) | %
Non-taxable or nondeductible items |  |  |  |  |  |  |  |  |  |  |
Stock compensation - US | (5.7) |  |  | 3.5 | % |  | — |  |  | — | % |  | — |  |  | — | %
Other non-taxable or nondeductible items | 2.3 |  |  | (1.4) | % |  | (0.1) |  |  | — | % |  | 1.4 |  |  | (0.6) | %
Change in uncertain tax position | 3.2 |  |  | (2.0) | % |  | (3.6) |  |  | 1.8 | % |  | 5.3 |  |  | (2.3) | %
Other | 0.1 |  |  | (0.1) | % |  | — |  |  | — | % |  | — |  |  | — | %
Total income taxes | $ | 4.6 |  |  | (2.9) | % |  | $ | (1.7) |  |  | 0.8 | % |  | $ | 7.1 |  |  | (3.1) | %
Schedule of Cash Flow, Supplemental Disclosures | The components of income taxes paid, net of refunds received were as follows ($ in millions):
|  | December 31,
|  | 2025 |  | 2024 |  | 2023
Foreign - Israel |  | $ | 0.7 |  |  | $ | (2.0) |  |  | $ | (2.9) |
Foreign - Netherlands |  | 1.7 |  |  | 2.1 |  |  | 0.2 |
State |  | 0.1 |  |  | — |  |  | — |
Total income taxes |  | $ | 2.5 |  |  | $ | 0.1 |  |  | $ | (2.7) |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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