10-Q Filing

LEMONADE, INC. CIK: 1691421 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001691421-23-000095`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	lmnd-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 86 Cash Flow Statement 70 Stockholders Equity 34

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss`	$693.10M	USD	Point-in-time
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss`	$673.50M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$71.20M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$99.90M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $693.1 million and $673.5 million as of June 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$676.80M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.70M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $693.1 million and $673.5 million as of June 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$650.30M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.40M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Short-term investments (cost: $71.2 million and $99.9 million as of June 30, 2023 and December 31, 2022, respectively)	`ShortTermInvestments`	$71.30M	USD	Point-in-time
Short-term investments (cost: $71.2 million and $99.9 million as of June 30, 2023 and December 31, 2022, respectively)	`ShortTermInvestments`	$99.80M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$750.10M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$748.10M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	69.67M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.80M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	69.28M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Premium receivable, net of allowance for credit losses of $2.4 million and $2.7 million as of June 30, 2023 and December 31, 2022, respectively	`PremiumsReceivableAtCarryingValue`	$179.60M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.67M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $2.4 million and $2.7 million as of June 30, 2023 and December 31, 2022, respectively	`PremiumsReceivableAtCarryingValue`	$197.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$156.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$164.40M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$164.50M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$166.60M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.60M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$27.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$32.50M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Other assets	`OtherAssets`	$70.30M	USD	Point-in-time
Other assets	`OtherAssets`	$75.20M	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$122.90M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$255.60M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$97.90M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$256.20M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$315.90M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$288.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$700.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.10M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$129.30M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$136.00M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$39.70M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$41.60M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.40M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$19.20M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$84.50M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$79.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$842.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$823.90M	USD	Point-in-time
Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 69,668,176 and 69,275,030 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 69,668,176 and 69,275,030 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.78B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-992.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-859.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$866.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$849.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$912.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$821.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$771.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$76.50M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$144.70M	USD	2 Qtrs
Net earned premium	`PremiumsEarnedNet`	$31.20M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$58.60M	USD	2 Qtrs
Ceding commission income	`CededCommissionIncome`	$34.70M	USD	2 Qtrs
Ceding commission income	`CededCommissionIncome`	$17.50M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$15.50M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$29.50M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$10.60M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$2.10M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$1.20M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$5.60M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$9.80M	USD	2 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$5.00M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$2.10M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$4.10M	USD	2 Qtrs
Total revenue	`Revenues`	$94.30M	USD	2 Qtrs
Total revenue	`Revenues`	$50.00M	USD	1 Quarter
Total revenue	`Revenues`	$104.60M	USD	1 Quarter
Total revenue	`Revenues`	$199.80M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$139.50M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$28.10M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$52.50M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$75.90M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$9.70M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$28.60M	USD	2 Qtrs
Other insurance expense	`OtherInsuranceExpense`	$15.00M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$18.80M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$24.80M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$75.30M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$53.00M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$37.00M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$17.80M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$34.70M	USD	2 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$45.90M	USD	2 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$24.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$30.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$63.40M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$231.90M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$115.00M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$330.40M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$170.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-65.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-65.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-137.60M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-130.60M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.40M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.10M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.20M	USD	2 Qtrs
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.50M	USD	1 Quarter
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.20M	USD	1 Quarter
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.80M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.60M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-600.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-77.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-65.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-126.40M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-168.10M	USD	2 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-0.97	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-1.92	USD	2 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-2.31	USD	2 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-1.10	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-1.10	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-0.97	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-2.31	USD	2 Qtrs
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-1.92	USD	2 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.82M	shares	1 Quarter
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.76M	shares	2 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.43M	shares	2 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.53M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.76M	shares	2 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.82M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.53M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.43M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$28.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$30.20M	USD	2 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	2 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.60M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$3.90M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$3.60M	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$24.20M	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$22.10M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$20.60M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$7.60M	USD	2 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$2.10M	USD	2 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$19.30M	USD	2 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.20M	USD	2 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$-300.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$300.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.20M	USD	2 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-600.00K	USD	2 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$25.00M	USD	2 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-27.90M	USD	2 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-33.90M	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$300.00K	USD	2 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$16.10M	USD	2 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$-6.70M	USD	2 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$1.90M	USD	2 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$5.60M	USD	2 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$800.00K	USD	2 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$2.30M	USD	2 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.10M	USD	2 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.60M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.70M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.70M	USD	2 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$81.50M	USD	2 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$63.20M	USD	2 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$53.70M	USD	2 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$216.00M	USD	2 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$52.20M	USD	2 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$57.30M	USD	2 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$218.00M	USD	2 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$60.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.60M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.60M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.40M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.00M	USD	2 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$300.00K	USD	2 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$1.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.30M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-700.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-71.00M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-92.70M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$300.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.70M	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.67M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$912.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$821.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$771.00M	USD	Point-in-time
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$600.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$400.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$100.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$300.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.30M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.67M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$912.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$821.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$771.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.