| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Fixed maturities available-for-sale, at fair value (amortized cost: $706.0 million and $607.1 million as of December 31, 2025 and 2024, respectively) | $708.8M+16.7% | $607.4M-3.2% | $627.4M-3.5% | $650.3M |
| Short-term investments (cost: $14.1 million and $27.5 million as of December 31, 2025 and 2024, respectively) | $14.1M-48.7% | $27.5M-40.0% | $45.8M-54.1% | $99.8M |
| Total investments | $722.9M+13.9% | $634.9M-5.7% | $673.2M-10.3% | $750.1M |
| Cash, cash equivalents and restricted cash | $396.8M+2.9% | $385.7M+42.1% | $271.5M-5.2% | $286.5M |
| Premium receivable, net of allowance for credit losses of $4.1 million and $2.8 million as of December 31, 2025 and 2024, respectively | $402.3M+33.6% | $301.2M+35.7% | $222.0M+23.6% | $179.6M |
| Reinsurance recoverable | $153.4M-10.0% | $170.4M+23.1% | $138.4M-11.7% | $156.8M |
| Prepaid reinsurance premium | $147.9M-41.7% | $253.6M+29.2% | $196.3M+19.3% | $164.5M |
| Deferred acquisition costs | $12.1M-0.8% | $12.2M+38.6% | $8.8M+27.5% | $6.9M |
| Property and equipment, net | $15.8M-1.9% | $16.1M-7.5% | $17.4M-11.2% | $19.6M |
| Intangible assets | $8.1M-40.4% | $13.6M-40.6% | $22.9M-29.5% | $32.5M |
| Goodwill | $19.0M+0.0% | $19.0M+0.0% | $19.0M+0.0% | $19.0M |
| Other assets | $47.4M+11.8% | $42.4M-33.5% | $63.8M-15.2% | $75.2M |
| Total assets | $1.93B+4.1% | $1.85B+13.2% | $1.63B-3.4% | $1.69B |
| Unpaid losses and loss adjustment expenses | $303.1M+1.7% | $298.1M+13.6% | $262.3M+2.4% | $256.2M |
| Unearned premium | $577.0M+26.8% | $455.0M+28.6% | $353.7M+22.8% | $288.0M |
| Trade payables | $500K-88.9% | $4.5M+650.0% | $600K-45.5% | $1.1M |
| Funds held for reinsurance treaties | $169.5M-22.8% | $219.6M+70.5% | $128.8M-5.3% | $136.0M |
| Deferred ceding commission | $38.2M-41.8% | $65.6M+58.5% | $41.4M+4.3% | $39.7M |
| Ceded premium payable | $23.9M+0.4% | $23.8M+2.6% | $23.2M+26.1% | $18.4M |
| Borrowings under financing agreement | $158.1M+89.6% | $83.4M+459.7% | $14.9M | $0 |
| Other liabilities and accrued expenses | $121.8M+15.2% | $105.7M+6.2% | $99.5M+17.8% | $84.5M |
| Total liabilities | $1.39B+10.9% | $1.26B+35.8% | $924.4M+12.2% | $823.9M |
| Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2025 and 2024; 75,907,215 shares and 72,720,866 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $0 | $0 | $0 | $0 |
| Additional paid-in capital | $1.99B+4.9% | $1.90B+4.6% | $1.81B+3.4% | $1.75B |
| Accumulated deficit | -$1.46B-12.7% | -$1.30B-18.4% | -$1.10B-27.6% | -$859.7M |
| Accumulated other comprehensive income (loss) | $6.4M+204.9% | -$6.1M+32.2% | -$9.0M+67.4% | -$27.6M |
| Total stockholders' equity | $533.6M-10.1% | $593.4M-16.3% | $708.9M-18.2% | $866.8M |
| Total liabilities and stockholders' equity | $1.93B+4.1% | $1.85B+13.2% | $1.63B-3.4% | $1.69B |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.