| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Fixed maturities available-for-sale, at fair value (amortized cost: $383.1 and $294.3 at December 31, 2025 and December 31, 2024, respectively) | $387.0M+32.5% | $292.0M+76.0% | $165.9M | — |
| Short-term investments (amortized cost: zero and $14.8 at December 31, 2025 and December 31, 2024, respectively) | $0-100.0% | $14.8M+1544.4% | $900K | — |
| Other investments | $4.4M+0.0% | $4.4M+0.0% | $4.4M+0.0% | $4.4M |
| Total investments | $391.4M+25.8% | $311.2M+81.8% | $171.2M+28.5% | $133.2M |
| Cash and cash equivalents | $669.3M+11.7% | $599.3M-11.7% | $678.7M-10.9% | $762.1M |
| Restricted cash and cash equivalents | $20.6M+1960.0% | $1.0M | — | — |
| Premiums receivable, net of allowance of $8.9 and $9.8 at December 31, 2025 and December 31, 2024, respectively | $332.8M+9.0% | $305.3M+23.6% | $247.1M+120.8% | $111.9M |
| Reinsurance recoverable and receivable, net of allowance of $0.1 at December 31, 2025 and December 31, 2024 | $129.8M-13.8% | $150.6M+20.2% | $125.3M-15.8% | $148.8M |
| Prepaid reinsurance premiums | $6.3M-74.9% | $25.1M-47.9% | $48.2M-35.0% | $74.2M |
| Other assets | $124.3M+20.4% | $103.2M+35.4% | $76.2M-6.7% | $81.7M |
| Total assets | $1.67B+12.0% | $1.50B+11.0% | $1.35B+2.7% | $1.31B |
| Loss and loss adjustment expense reserves | $483.6M+17.0% | $413.2M+45.4% | $284.2M-1.1% | $287.4M |
| Unearned premiums | $393.7M+11.2% | $353.9M+24.7% | $283.7M+107.8% | $136.5M |
| Long-term debt | $200.3M+0.1% | $200.1M-33.1% | $299.0M+1.2% | $295.4M |
| Reinsurance premiums payable | $2.4M-92.7% | $32.8M-39.7% | $54.4M-54.6% | $119.8M |
| Accounts payable and accrued expenses | $74.2M+4.4% | $71.1M+8.4% | $65.6M+65.2% | $39.7M |
| Other liabilities | $124.0M+13.9% | $108.9M+31.0% | $83.1M+84.7% | $45.0M |
| Total liabilities | $1.28B+8.3% | $1.18B+10.3% | $1.07B+15.8% | $923.8M |
| Redeemable convertible preferred stock, $0.0001 par value, 14.1 shares issued and outstanding at December 31, 2025 and December 31, 2024 (redemption value of $126.5) (Note 11) | $112.0M+0.0% | $112.0M+0.0% | $112.0M+0.0% | $112.0M |
| Additional paid-in capital | $1.92B+1.8% | $1.89B+0.2% | $1.88B+1.8% | $1.85B |
| Accumulated other comprehensive income (loss) | $3.9M+269.6% | -$2.3M+8.0% | -$2.5M+56.9% | -$5.8M |
| Accumulated loss | -$1.64B+2.4% | -$1.68B+1.9% | -$1.72B-9.4% | -$1.57B |
| Total stockholders’ equity | $284.3M+39.6% | $203.7M+22.9% | $165.7M-40.2% | $277.1M |
| Total liabilities, redeemable convertible preferred stock and stockholders’ equity | $1.67B+12.0% | $1.50B+11.0% | $1.35B+2.7% | $1.31B |
| Class A Shares | ||||
| Common stock | $0 | $0 | $0 | $0 |
| Class B Shares | ||||
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.