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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 258,418 $ 215,060
Accounts receivable, net 24,288 26,438
Short-term investments 35,588 36,523
Reinsurance balance due 83,582 299,060
Prepaid expenses and other current assets 13,214 11,293
Deferred policy acquisition costs 27,174 8,716
Restricted cash and cash equivalents 38,814 13,545
Total current assets 481,078 610,635
Property, equipment, and software, net 16,861 12,240
Goodwill 191,907 244,697
Long-term investments 103,588 55,118
Intangible assets, net 87,216 108,255
Long-term insurance commissions receivable 13,429 12,265
Other assets 5,314 5,847
Total assets 899,393 1,049,057
Current liabilities    
Accounts payable 8,761 6,268
Accrued expenses and other current liabilities 59,396 39,742
Deferred revenue 248,683 270,690
Refundable customer deposits 17,980 20,142
Current debt 244 16,455
Losses and loss adjustment expense reserves 95,503 100,632
Other insurance liabilities, current 31,585 61,710
Total current liabilities 462,152 515,639
Long-term debt 435,495 425,310
Other liabilities 37,429 28,755
Total liabilities 935,076 969,704
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value per share: 10 10
Additional paid-in capital 690,223 670,537
Accumulated other comprehensive loss (3,860) (6,171)
Accumulated deficit (722,056) (585,023)
Total stockholders’ equity (deficit) (35,683) 79,353
Total liabilities and stockholders’ equity (deficit) $ 899,393 $ 1,049,057