SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
	(dollars in millions)
Share-based compensation expense:
Loss and loss adjustment expenses	$	0.2	$	0.5	$	0.4	$	0.6
Sales and marketing	0.3		0.2		0.4		0.2
Other insurance (benefit) expense	0.3		0.4		0.5		0.5
Technology and development	1.3		1.5		2.0		1.8
General and administrative	5.3		2.3		10.7		4.1
Total share-based compensation expense	$	7.4	$	4.9	$	14.0	$	7.2

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(dollars in millions)
Share-based compensation expense:
Restricted stock unit expense	$	7.0	$	4.2	$	13.1	$	4.8
Stock option expense	0.4		0.7		0.9		2.4
Total share-based compensation expense	$	7.4	$	4.9	$	14.0	$	7.2

Summary of RSU Activity

A summary of RSU activity for the six months ended June 30, 2022 is as follows:

	Six Months Ended June 30, 2022
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, 2022	8.9	$	9.02	$	27.4
Granted	20.2	1.90
Vested	(1.4)	10.24		2.7
Forfeited, expired or canceled	(3.5)	7.07
Nonvested at June 30, 2022	24.2	$	3.09	$	28.8

Summary of Option Activity

A summary of option activity for the six months ended June 30, 2022 is as follows:

	Six Months Ended June 30, 2022
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, 2022	6.5	$	2.36	6.12	$	9.5
Granted	—	1.19
Exercised	(1.0)	0.37			1.9
Forfeited, expired or canceled	(1.1)	4.27
Outstanding and exercisable at June 30, 2022	4.4	$	2.39	6.12	$	1.5