SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2021		2020		2021		2020
	(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses	$	0.5	$	—	$	0.6	$	0.5
Sales and marketing	0.2		—		0.2		1.0
Other insurance expense	0.4		—		0.5		0.9
Technology and development	1.5		0.2		1.8		5.3
General and administrative	2.3		0.3		4.1		18.5
Total share-based compensation expense	$	4.9	$	0.5	$	7.2	$	26.2

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(dollars in millions)
Share-based compensation expense:
Restricted stock unit expense	$	4.2	$	—	$	4.8	$	—
Stock option expense	0.7		0.5		2.4		26.2
Total share-based compensation expense	$	4.9	$	0.5	$	7.2	$	26.2

Summary of RSU activity

A summary of RSU activity for the six months ended June 30, 2021 is as follows:

	Six Months Ended June 30, 2021
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, 2021	0.4	$	18.41	$	6.2
Granted	5.8	11.55
Vested	—	16.88		0.4
Forfeited, expired or canceled	(0.2)	12.34
Nonvested at June 30, 2021	6.0	$	11.96	$	64.6

Summary of option activity

A summary of option activity for the six months ended June 30, 2021 is as follows:

	Six Months Ended June 30, 2021
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, 2021	10.4	$	2.39	7.75	$	137.7
Granted	—	10.82
Exercised	(2.3)	1.83			23.3
Forfeited, expired or canceled	(0.7)	4.62
Outstanding and exercisable at June 30, 2021	7.4	$	2.44	7.22	$	61.8