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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Earned premium, net $ 726,726 $ 643,324 $ 531,866
Marketplace revenue 119,199 54,549 28,085
Net investment income 38,648 39,249 26,904
Net investment gains 3,064 2,223 0
Total revenue 1,456,389 1,241,510 1,027,117
EXPENSES:      
Losses and loss adjustment expenses 285,394 298,593 220,658
Ceding commissions, net 337,087 301,719 251,805
Sales expense 258,202 190,523 156,378
Salaries and benefits 263,587 221,463 216,896
General and administrative expenses 94,517 82,504 85,434
Depreciation and amortization 37,524 38,905 45,809
Restructuring, impairment and related charges, net 0 0 8,812
Gains, losses, and impairments related to divestitures 0 (87) 4,013
Loss (gain) related to warrant liabilities, net 0 8,544 (11,543)
Interest expense and other, net 40,896 5,664 4,083
Total expenses 1,317,207 1,147,828 982,345
INCOME BEFORE TAXES 139,182 93,682 44,772
Income tax benefit 10,043 (15,379) (16,593)
NET INCOME 149,225 78,303 28,179
Net income attributable to non-controlling interest (100,207) (61,286) (7,948)
Accretion of Series A Convertible Preferred Stock (7,555) (7,427) (3,677)
NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS 41,463 9,590 16,554
Class A Common Stock      
EXPENSES:      
NET INCOME 149,225    
Net income attributable to non-controlling interest (100,207) (61,286) (7,948)
Accretion of Series A Convertible Preferred Stock $ (7,555) $ (7,427) $ (3,677)
Earnings per share of Class A Common Stock:      
Basic (in dollars per share) $ 0.41 $ 0.10 $ 0.19
Diluted (in dollars per share) $ 0.37 $ 0.10 $ 0.09
Weighted average shares of Class A Common Stock outstanding:      
Basic (in shares) 94,404 87,529 84,180
Diluted (in shares) 346,973 88,504 340,323
Commission and fee revenue      
REVENUE:      
Revenue from contract with customer, including finance revenue, excluding assessed tax $ 486,376 $ 423,240 $ 365,512
Membership and other revenue      
REVENUE:      
Revenue from contract with customer, including finance revenue, excluding assessed tax $ 82,376 $ 78,925 $ 74,750