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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of share-based compensation expense

The following table displays share-based compensation expense recorded in the condensed consolidated statements of operations and comprehensive loss:

									Three Months Ended March 31,
															2021						2020
															(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses															$	0.1					$	0.4
Sales and marketing															—						1.0
Other insurance expense															0.1						0.9
Technology and development															0.3						5.2
General and administrative															1.8						18.2
Total share-based compensation expense															$	2.3					$	25.7

The following table provides total share-based compensation expense by type of award:

			Three Months Ended March 31,
			2021						2020
			(dollars in millions)
Share-based compensation expense:
Restricted stock unit expense			$	0.6					$	—
Stock option expense			1.7						25.7
Total share-based compensation expense			$	2.3					$	25.7

Summary of RSU activity

A summary of RSU activity for the three months ended March 31, 2021 is as follows:

						March 31, 2021
Restricted Stock Units						Number of Shares						Weighted-Average Grant Date Fair Value per Share						Aggregate Intrinsic Value
						(in millions, except exercise price and term amounts)
Nonvested at January 1, 2021						0.4						$	18.41					$	6.2
Granted						0.1						16.02
Vested						—						17.27						0.3
Forfeited, expired or canceled						—						21.49
Nonvested at March 31, 2021						0.5						$	17.75					$	6.7

Summary of option activity

A summary of option activity for the three months ended March 31, 2021 is as follows:

			March 31, 2021
Options			Number of Shares						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term (in Years)						Aggregate Intrinsic Value
			(in millions, except exercise price and term amounts)
Outstanding and exercisable at January 1, 2021			10.4						$	2.39					7.75						$	137.7
Granted			—						—
Exercised			(1.2)						2.00												12.1
Forfeited, expired or canceled			(0.7)						4.80
Outstanding and exercisable at March 31, 2021			8.5						$	2.24					7.17						$	88.5

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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