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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - UNAUDITED - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premiums earned $ 81.2 $ 115.7 $ 140.3 $ 233.5
Net investment income 0.7 1.3 1.6 3.2
Net realized gains on investments 0.0 0.1 2.4 0.1
Fee and other income 7.9 4.3 14.1 8.6
Total revenues 89.8 121.4 158.4 245.4
Operating expenses:        
Loss and loss adjustment expenses 110.2 97.3 170.1 227.2
Sales and marketing 111.7 17.4 180.1 53.2
Other insurance (benefit) expense (1.5) 15.3 0.9 26.6
Technology and development 17.5 11.3 31.3 27.3
General and administrative 24.0 11.3 42.4 42.2
Total operating expenses 261.9 152.6 424.8 376.5
Operating loss (172.1) (31.2) (266.4) (131.1)
Interest expense (6.5) (7.7) (11.8) (13.4)
Loss before income tax expense (178.6) (38.9) (278.2) (144.5)
Income tax expense 0.0 0.0 0.0 0.0
Net loss (178.6) (38.9) (278.2) (144.5)
Other comprehensive income (loss):        
Changes in net unrealized gains (losses) on investments 0.0 6.7 (3.5) 4.9
Comprehensive loss $ (178.6) $ (32.2) $ (281.7) $ (139.6)
Loss per common share: basic (both Class A and B) (in dollars per share) $ (0.72) $ (1.03) $ (1.12) $ (3.74)
Loss per common share: diluted (both Class A and B) (in dollars per share) $ (0.72) $ (1.03) $ (1.12) $ (3.74)
Weighted-average common shares outstanding: basic (both Class A and B) (in shares) 248.9 37.9 248.0 38.6
Weighted-average common shares outstanding: diluted (both Class A and B) (in shares) 248.9 37.9 248.0 38.6