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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $129.5 and $215.4 at December 31, 2021 and December 31, 2020, respectively) $ 129,900,000 $ 221,000,000.0
Short-term investments (amortized cost: zero and $3.0 at December 31, 2021 and December 31, 2020, respectively) 0 3,000,000.0
Other investments 4,700,000 500,000
Total investments 134,600,000 224,500,000
Cash and cash equivalents 706,000,000.0 1,112,800,000
Restricted cash 1,000,000.0 1,000,000.0
Premiums receivable, net of allowance of $5.4 and $3.5 at December 31, 2021 and December 31, 2020, respectively 148,100,000 130,100,000
Reinsurance recoverable, net of allowance of $0.2 and zero at December 31, 2021 and December 31, 2020, respectively 155,000,000.0 124,800,000
Prepaid reinsurance premiums 100,800,000 112,800,000
Other assets 73,800,000 56,300,000
Total assets 1,319,300,000 1,762,300,000
Liabilities:    
Loss and loss adjustment expense reserves 320,200,000 237,200,000
Unearned premiums 180,100,000 157,100,000
Long-term debt and warrants 0 188,200,000
Reinsurance premiums payable 101,600,000 89,100,000
Accounts payable and accrued expenses 29,100,000 48,000,000.0
Other liabilities 39,900,000 10,300,000
Total liabilities 670,900,000 729,900,000
Commitments and Contingencies (Note 12)
Redeemable convertible preferred stock, $0.0001 par value, 14.1 and zero shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively (liquidation preference of $126.5 and zero, respectively) (Note 10) 112,000,000.0 0
Stockholders’ equity:    
Treasury stock, at cost 0 (800,000)
Additional paid-in capital 1,806,100,000 1,775,600,000
Accumulated other comprehensive income 400,000 5,600,000
Accumulated loss (1,270,100,000) (748,000,000.0)
Total stockholders’ equity 536,400,000 1,032,400,000
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,319,300,000 1,762,300,000
Class A Common Stock    
Stockholders’ equity:    
Common stock 0 0
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0