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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $227.2 and $168.4 at June 30, 2024 and December 31, 2023, respectively) $ 223.8 $ 165.9
Short-term investments (amortized cost: $11.7 and $0.9 at June 30, 2024 and December 31, 2023, respectively) 11.7 0.9
Other investments 4.4 4.4
Total investments 239.9 171.2
Cash and cash equivalents 667.2 678.7
Restricted cash 1.0 1.0
Premiums receivable, net of allowance of $6.8 and $4.0 at June 30, 2024 and December 31, 2023, respectively 296.0 247.1
Reinsurance recoverable and receivable, net of allowance of $1.8 at June 30, 2024 and December 31, 2023 156.8 125.3
Prepaid reinsurance premiums 48.4 48.2
Other assets 86.5 76.2
Total assets 1,495.8 1,347.7
Liabilities:    
Loss and loss adjustment expense reserves 375.8 284.2
Unearned premiums 339.7 283.7
Long-term debt and warrants 300.1 299.0
Reinsurance premiums payable 55.6 54.4
Accounts payable and accrued expenses 55.0 65.6
Other liabilities 106.3 83.1
Total liabilities 1,232.5 1,070.0
Commitments and Contingencies (Note 11)
Redeemable convertible preferred stock, $0.0001 par value, 100.0 shares authorized, 14.1 shares issued and outstanding at June 30, 2024 and December 31, 2023 (redemption value of $126.5) 112.0 112.0
Stockholders’ equity:    
Additional paid-in capital 1,881.5 1,883.4
Accumulated other comprehensive loss (3.4) (2.5)
Accumulated loss (1,726.8) (1,715.2)
Total stockholders’ equity 151.3 165.7
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,495.8 1,347.7
Class A Shares    
Stockholders’ equity:    
Common stock, value 0.0 0.0
Class B Shares    
Stockholders’ equity:    
Common stock, value $ 0.0 $ 0.0