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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturities available-for sale, at fair value (amortized cost: $132.4 and $129.5 at March 31, 2022 and December 31, 2021, respectively) $ 129.1 $ 129.9
Short-term investments (amortized cost: $0.5 and zero at March 31, 2022 and December 31, 2021, respectively) 0.5 0.0
Other investments 4.4 4.7
Total investments 134.0 134.6
Cash and cash equivalents 934.7 706.0
Restricted cash 1.0 1.0
Premiums receivable, net of allowance of $3.8 and $5.4 at March 31, 2022 and December 31, 2021, respectively 157.1 148.1
Reinsurance recoverable and receivable, net of allowance of $0.1 and $0.2 at March 31, 2022 and December 31, 2021, respectively 159.4 155.0
Prepaid reinsurance premiums 106.7 100.8
Other assets 70.3 73.8
Total assets 1,563.2 1,319.3
Liabilities:    
Loss and loss adjustment expense reserves 308.4 320.2
Unearned premiums 192.5 180.1
Long-term debt and warrants 290.8 0.0
Reinsurance premiums payable 126.5 101.6
Accounts payable and accrued expenses 23.8 29.1
Other liabilities 40.5 39.9
Total liabilities 982.5 670.9
Commitments and Contingencies (Note 11)
Redeemable convertible preferred stock, $0.0001 par value, 100.0 shares authorized, 14.1 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively (liquidation preference of $126.5) 112.0 112.0
Stockholders’ equity:    
Additional paid-in capital 1,818.5 1,806.1
Accumulated other comprehensive (loss) income (3.3) 0.4
Accumulated loss (1,346.5) (1,270.1)
Total stockholders’ equity 468.7 536.4
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,563.2 1,319.3
Class A Shares    
Stockholders’ equity:    
Common stock 0.0 0.0
Class B Shares    
Stockholders’ equity:    
Common stock $ 0.0 $ 0.0