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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

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,
															2022						2021
															(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses															$	0.2					$	0.1
Sales and marketing															0.1						—
Other insurance expense															0.2						0.1
Technology and development															0.7						0.3
General and administrative															5.4						1.8
Total share-based compensation expense															$	6.6					$	2.3

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

									Three Months Ended March 31,
															2022						2021
															(dollars in millions)
Share-based compensation expense:
Restricted stock unit expense															$	6.1					$	0.6
Stock option expense															0.5						1.7
Total share-based compensation expense															$	6.6					$	2.3

Summary of RSU activity

A summary of RSU activity for the three months ended March 31, 2022 is as follows:

						Three Months Ended March 31, 2022
Restricted Stock Units						Number of Shares						Weighted-Average Grant Date Fair Value per Share						Aggregate Intrinsic Value
						(in millions, except per share amounts)
Nonvested at January 1, 2022						8.9						$	9.02					$	27.4
Granted						2.4						1.68
Vested						(0.9)						10.48						2.0
Forfeited, expired or canceled						(1.8)						8.68
Nonvested at March 31, 2022						8.6						$	6.29					$	16.8

Summary of option activity

A summary of option activity for the three months ended March 31, 2022 is as follows:

			Three Months Ended March 31, 2022
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, 2022			6.5						$	2.36					6.12						$	9.5
Granted			—						—
Exercised			(1.0)						0.35												1.8
Forfeited, expired or canceled			(0.3)						6.04
Outstanding and exercisable at March 31, 2022			5.2						$	2.56					5.89						$	2.9

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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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