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v3.26.1

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting | The operating results of the personal property and casualty insurance reportable segment is presented in the following table below ($ in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Total revenue |  | $ | 294.4 |  |  | $ | 164.1 |  |  | $ | 552.4 |  |  | $ | 315.3 |
less: Loss and loss adjustment expenses, net |  | 154.0 |  |  | 77.5 |  |  | 287.3 |  |  | 162.9 |
Other insurance expense |  | 26.7 |  |  | 21.4 |  |  | 50.8 |  |  | 47.5 |
Sales and marketing |  | 13.3 |  |  | 9.9 |  |  | 25.1 |  |  | 15.0 |
Advertising expenses |  | 64.4 |  |  | 49.7 |  |  | 118.7 |  |  | 87.8 |
Technology development |  | 30.0 |  |  | 22.4 |  |  | 56.9 |  |  | 44.4 |
General and administrative |  | 38.4 |  |  | 28.8 |  |  | 73.4 |  |  | 56.9 |
Interest expense |  | 7.0 |  |  | 4.0 |  |  | 13.2 |  |  | 7.3 |
Depreciation and amortization |  | 2.4 |  |  | 4.7 |  |  | 5.1 |  |  | 9.2 |
Other expenses (1) (2) |  | — |  |  | (11.7) |  |  | (1.7) |  |  | (11.7) |
Income tax expense |  | 1.6 |  |  | 1.3 |  |  | 2.8 |  |  | 2.3 |
Segment / Consolidated Net Loss |  | $ | (43.4) |  |  | $ | (43.9) |  |  | $ | (79.2) |  |  | $ | (106.3) |
(1) Includes $11.7 million of tax refund under the ERC program (see Note 12). (2) Includes $1.7 million recovery related to a pre-acquisition Metromile extra-contractual claim liability which was previously recorded in the third quarter of 2024.
Schedule of Gross Written Premium by State | Gross written premium by location is as follows ($ in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |  |
|  | 2026 |  | 2025 |  | 2026 |  | 2025 |  |  |  |  |  |
Location |  | Amount |  | % of GWP |  | Amount |  | % of GWP |  | Amount |  | % of GWP |  | Amount |  | % of GWP |  |  |  |  |  |  |  |  |  |
California |  | $ | 77.9 |  |  | 20.5 | % |  | $ | 61.3 |  |  | 21.5 | % |  | $ | 151.6 |  |  | 20.9 | % |  | $ | 121.7 |  |  | 22.6 | % |  |  |  |  |  |  |  |  |  |
Texas |  | 52.1 |  |  | 13.7 | % |  | 38.8 |  |  | 13.6 | % |  | 92.8 |  |  | 12.8 | % |  | 71.3 |  |  | 13.2 | % |  |  |  |  |  |  |  |  |  |
New York |  | 34.0 |  |  | 8.9 | % |  | 27.0 |  |  | 9.5 | % |  | 67.3 |  |  | 9.3 | % |  | 52.9 |  |  | 9.8 | % |  |  |  |  |  |  |  |  |  |
Washington |  | 19.2 |  |  | 5.1 | % |  | 14.5 |  |  | 5.1 | % |  | 37.3 |  |  | 5.2 | % |  | 27.5 |  |  | 5.1 | % |  |  |  |  |  |  |  |  |  |
Illinois |  | 16.8 |  |  | 4.4 | % |  | 14.1 |  |  | 5.0 | % |  | 30.7 |  |  | 4.2 | % |  | 25.7 |  |  | 4.8 | % |  |  |  |  |  |  |  |  |  |
New Jersey |  | 15.5 |  |  | 4.1 | % |  | 12.8 |  |  | 4.5 | % |  | 29.9 |  |  | 4.1 | % |  | 24.5 |  |  | 4.5 | % |  |  |  |  |  |  |  |  |  |
Colorado |  | 16.1 |  |  | 4.2 | % |  | 10.7 |  |  | 3.8 | % |  | 29.0 |  |  | 4.0 | % |  | 17.5 |  |  | 3.2 | % |  |  |  |  |  |  |  |  |  |
Florida |  | 13.0 |  |  | 3.4 | % |  | 8.2 |  |  | 2.9 | % |  | 24.2 |  |  | 3.3 | % |  | 14.5 |  |  | 2.7 | % |  |  |  |  |  |  |  |  |  |
Arizona |  | 10.5 |  |  | 2.8 | % |  | 7.3 |  |  | 2.6 | % |  | 20.4 |  |  | 2.8 | % |  | 13.5 |  |  | 2.5 | % |  |  |  |  |  |  |  |  |  |
Pennsylvania |  | 10.8 |  |  | 2.8 | % |  | 8.3 |  |  | 2.9 | % |  | 20.3 |  |  | 2.8 | % |  | 15.3 |  |  | 2.8 | % |  |  |  |  |  |  |  |  |  |
All other |  | 98.6 |  |  | 26.0 | % |  | 71.9 |  |  | 25.3 | % |  | 188.9 |  |  | 26.2 | % |  | 135.3 |  |  | 25.3 | % |  |  |  |  |  |  |  |  |  |
US |  | 364.5 |  |  | 95.9 | % |  | 274.9 |  |  | 96.6 | % |  | 692.4 |  |  | 95.6 | % |  | 519.7 |  |  | 96.5 | % |  |  |  |  |  |  |  |  |  |
Europe and UK |  | 15.5 |  |  | 4.1 | % |  | 9.6 |  |  | 3.4 | % |  | 31.5 |  |  | 4.4 | % |  | 19.0 |  |  | 3.5 | % |  |  |  |  |  |  |  |  |  |
Total |  | $ | 380.0 |  |  | 100.0 | % |  | $ | 284.5 |  |  | 100.0 | % |  | $ | 723.9 |  |  | 100.0 | % |  | $ | 538.7 |  |  | 100.0 | % |  |  |  |  |  |  |  |  |  |

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