v3.26.1
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Warrants
The following table provides the maximum remaining unrecognized compensation costs as of June 30, 2026, and other key terms of the warrants:
WarrantsExercise PriceShares Issued
(in millions)		Unrecognized Compensation Costs
(in millions)		Vesting Condition
Long-Term
Tranche 1$180.00 1.4 $— 100,000 policy originations
Tranche 2$225.00 1.5 — 200,000 policy originations
Tranche 3$270.00 1.5 4.3 300,000 policy originations
Tranche 4$405.00 1.5 2.4 400,000 policy originations
Tranche 5$540.00 1.3 1.0 500,000 policy originations
Total Long-Term7.2 $7.7 
Schedule of Share-Based Compensation Expense
The following table displays share-based compensation expense recorded in the condensed consolidated statements of operations and comprehensive income:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses$0.7 $0.8 $1.9 $1.4 
Sales and marketing0.4 0.3 0.7 0.5 
Other insurance expense0.5 0.2 0.9 0.5 
Technology and development2.6 1.5 4.8 2.8 
General and administrative0.8 5.6 7.7 9.6 
Total share-based compensation expense$5.0 $8.4 $16.0 $14.8 
Schedule of Restricted Stock Units and Unvested Stock Options
The unrecognized compensation cost and the remaining weighted-average period over which these costs are expected to be recognized for restricted stock units and unvested stock options as of June 30, 2026 is as follows:
Service-based Restricted Stock Units
Performance-based Restricted Stock Units
Market-based Restricted Stock Units
(dollars in millions)
Unrecognized compensation costs
$27.9 $20.3 $0.2 
Remaining weighted-average period cost is expected to be recognized (in years)
1.502.361.00
Schedule of Restricted Stock Units Activity
A summary of restricted stock units activity for the six months ended June 30, 2026 is as follows:

Six Months Ended June 30, 2026
Service-based Restricted Stock Units
Performance-based Restricted Stock Units
Market-based Restricted Stock Units
Restricted Stock Units
Number of SharesWeighted-Average
Grant Date Fair
Value per Share		Number of SharesWeighted-Average
Grant Date Fair
Value per Share		Number of SharesWeighted-Average
Grant Date Fair
Value per Share
(in millions, except per share amounts)
Unvested at January 1, 20260.6 $47.81 0.4 $93.78 0.3 $5.43 
Granted0.4 45.54 0.4 44.33 — — 
Change due to performance criteria achievement— — 0.1 75.55 — — 
Vested(0.3)49.14 (0.1)86.34 (0.1)5.87 
Forfeited, expired or canceled— 63.20 — — — — 
Unvested at June 30, 2026
0.7 $45.18 0.8 $66.47 0.2 $5.10 
Schedule of Additional Information Pertaining To Restricted Stock Units Activity
Additional information pertaining to restricted stock units for the six months ended June 30, 2026 and 2025 is as follows:
Six Months Ended June 30,
20262025
(dollars in millions)
Service-based restricted stock units:
Total grant date fair value of awards granted
$22.1 $17.3 
Total grant date fair value of awards vested
13.7 8.3 
Total intrinsic value of awards vested
14.1 44.6 
Performance-based restricted stock units:
Total grant date fair value of awards granted
$18.1 $17.3 
Total grant date fair value of awards vested
11.1 — 
Total intrinsic value of awards vested
7.8 — 
Market-based restricted stock units:
Total grant date fair value of awards vested
0.7 0.5 
Total intrinsic value of awards vested
5.1 10.1 
Schedule of Option Activity
A summary of option activity for the six months ended June 30, 2026 is as follows:
Six Months Ended June 30, 2026
OptionsNumber of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in Years)Aggregate Intrinsic Value
(in millions, except exercise price and term amounts)
Outstanding and exercisable at January 1, 20260.1 $34.80 2.28$5.1 
Granted— — 
Exercised— 1.38 1.6 
Forfeited, expired or canceled— 145.62 
Outstanding and exercisable at June 30, 2026
0.1 $51.86 1.98$1.7