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SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
			(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses			$	0.4					$	0.2					$	0.8					$	0.3
Sales and marketing			0.2						0.1						0.3						0.2
Other insurance expense			0.1						0.2						0.3						0.3
Technology and development			0.7						0.8						1.5						1.5
General and administrative			2.4						3.9						5.5						5.4
Total share-based compensation expense			$	3.8					$	5.2					$	8.4					$	7.7

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
			(dollars in millions)
Share-based compensation expense:
Restricted stock unit expense			$	3.4					$	4.9					$	7.6					$	7.0
Performance-based restricted stock unit expense			0.3						—						0.5						—
Stock option expense			0.1						0.3						0.3						0.7
Total share-based compensation expense			$	3.8					$	5.2					$	8.4					$	7.7

Schedule of RSU Activity

A summary of RSU and PSU activity for the six months ended June 30, 2024 is as follows:

						Six Months Ended June 30, 2024
Restricted Stock Units and Performance-Based 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, 2024						1.9						$	14.47					$	20.3
Granted						0.1						58.96
Vested						(0.6)						15.71						32.1
Forfeited, expired or canceled						—						16.92
Nonvested at June 30, 2024						1.4						$	17.32					$	73.1

Schedule of Option Activity

A summary of option activity for the six months ended June 30, 2024 is as follows:

						Six Months Ended June 30, 2024
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, 2024						0.1						$	33.68					4.29						$	0.5
Granted						—						—
Exercised						—						7.05												123.6
Forfeited, expired or canceled						—						82.00
Outstanding and exercisable at June 30, 2024						0.1						$	33.99					3.80						$	4.4

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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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