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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums earned $ 353.0 $ 261.6 $ 674.3 $ 491.9
Net investment income 9.4 10.0 18.1 19.2
Fee income 19.7 16.6 38.4 31.3
Other income 0.8 1.0 1.5 1.7
Total revenues 382.9 289.2 732.3 544.1
Operating expenses:        
Loss and loss adjustment expenses 233.3 190.3 438.9 356.7
Sales and marketing 37.1 34.2 88.6 64.6
Other insurance expense 47.9 28.1 84.6 52.7
Technology and development 13.7 14.7 25.1 25.7
General and administrative 23.6 18.1 44.1 35.2
Total operating expenses 355.6 285.4 681.3 534.9
Operating income 27.3 3.8 51.0 9.2
Interest expense (5.3) (11.6) (10.6) (23.2)
Income (loss) before income tax expense 22.0 (7.8) 40.4 (14.0)
Income tax expense 0.0 0.0 0.0 0.0
Net income (loss) 22.0 (7.8) 40.4 (14.0)
Net income attributable to participating securities (1.1) 0.0 (2.0) 0.0
Net income (loss) attributable to common shareholders 20.9 (7.8) 38.4 (14.0)
Other comprehensive income (loss):        
Net income (loss) 22.0 (7.8) 40.4 (14.0)
Changes in net unrealized gains (losses) on investments 1.6 (0.1) 4.6 (0.9)
Comprehensive income (loss) $ 23.6 $ (7.9) $ 45.0 $ (14.9)
Earnings (loss) per common share: basic (both Class A and B) (in dollars per share) $ 1.36 $ (0.52) $ 2.51 $ (0.95)
Earnings (loss) per common share: diluted (both Class A and B) (in dollars per share) $ 1.29 $ (0.52) $ 2.36 $ (0.95)
Weighted-average common shares outstanding: basic (both Class A and B) (in shares) 15.4 14.9 15.3 14.8
Weighted-average common shares outstanding: diluted (both Class A and B) (in shares) 17.1 14.9 17.1 14.8