7Baggers

Hippo Holdings Inc
(NYSE:HIPO) 

HIPO stock logo

Hippo Holdings Inc. provides personal property insurance brokerage services and underwrites insurance policies in the United States and the District of Columbia. Its insurance products include homeowners' insurance against risks of fire, wind, and theft; and commercial and personal lines of products...

Founded: 2015
Sector: Financial Services
Industry: Insurance—Specialty
InsuranceSPAC
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
                       
      revenue:
    		                   
      net earned premium
    		98,900,000 99,100,000 99,700,000 94,000,000 87,300,000 77,000,000 70,600,000 64,400,000 60,500,000 38,500,000 32,900,000 22,300,000 13,800,000 11,600,000 10,700,000 11,200,000 9,000,000 9,000,000 10,900,000 
      commission income
    		12,700,000 11,700,000 10,500,000 14,700,000 14,400,000 15,900,000 15,700,000 16,100,000 15,900,000 15,600,000 14,200,000 16,200,000 17,400,000 15,600,000 14,300,000 12,900,000 11,500,000 19,300,000 6,600,000 
      service and fee income
    		3,200,000 3,000,000 3,100,000 2,900,000 2,800,000 2,800,000 3,000,000 3,000,000 2,800,000 3,800,000 4,900,000 3,800,000 3,200,000 3,600,000 3,200,000 3,500,000 3,600,000 3,700,000 3,700,000 
      net investment income
    		6,700,000 6,600,000 7,300,000 5,700,000 5,800,000 6,200,000 6,200,000 6,100,000 5,900,000 6,600,000 5,700,000 5,400,000 5,400,000 5,000,000 2,500,000 1,100,000 400,000 100,000 100,000 
      total revenue
    		121,500,000 120,400,000 120,600,000 117,300,000 110,300,000 101,900,000 95,500,000 89,600,000 85,100,000 64,500,000 57,700,000 47,700,000 39,800,000 35,800,000 30,700,000 28,700,000 24,500,000 32,100,000 21,300,000 
      yoy
    		10.15% 18.16% 26.28% 30.92% 29.61% 57.98% 65.51% 87.84% 113.82% 80.17% 87.95% 66.20% 62.45% 11.53% 44.13%     
      qoq
    		0.91% -0.17% 2.81% 6.35% 8.24% 6.70% 6.58% 5.29% 31.94% 11.79% 20.96% 19.85% 11.17% 16.61% 6.97% 17.14% -23.68% 50.70%  
      expenses:
    		                   
      losses and loss adjustment expenses
    		47,500,000 45,500,000 47,500,000 44,500,000 92,400,000 44,400,000 51,600,000 60,400,000 52,600,000 30,800,000 36,500,000 76,700,000 37,700,000 25,800,000 23,900,000 29,200,000 22,500,000 19,400,000 26,300,000 
      insurance related expenses
    		34,900,000 35,400,000 32,900,000 32,800,000 30,200,000 20,900,000 22,600,000 24,500,000 20,800,000 24,300,000 20,300,000 18,800,000 15,800,000 13,700,000 15,600,000 17,400,000 13,200,000 18,500,000 7,100,000 
      technology and development expenses
    		9,400,000                   
      sales and marketing expenses
    		6,300,000                   
      general and administrative expenses
    		16,200,000                   
      interest and other expense
    		 300,000 800,000       125,000   300,000 -1,100,000 -100,000 -300,000 -1,000,000 42,400,000 -26,400,000 
      total expenses
    		114,300,000 113,600,000 22,500,000 113,300,000 155,900,000 54,800,000 100,700,000 126,100,000 118,000,000 103,500,000 108,300,000 152,700,000 107,600,000 95,800,000 157,900,000 100,400,000 90,800,000 91,100,000 51,100,000 
      income before income taxes
    		7,200,000 6,800,000 98,100,000 4,000,000 -45,600,000 47,100,000 -5,200,000 -36,500,000 -32,900,000 -39,000,000 -50,600,000 -105,000,000 -67,800,000 -60,000,000 -127,200,000 -71,700,000 -66,300,000 -59,000,000 -29,800,000 
      income tax expense
    		100,000 800,000  100,000 -200,000 250,000  700,000 200,000 50,000 -300,000 200,000 300,000 200,000 300,000 300,000 200,000   
      net income
    		7,100,000 6,000,000 98,100,000 3,900,000 -45,400,000 46,900,000 -5,200,000 -37,200,000 -33,100,000 -39,300,000 -50,300,000 -105,200,000 -68,100,000 -60,500,000 -127,500,000 -72,000,000 -66,500,000 -59,300,000 -29,900,000 
      yoy
    		-115.64% -87.21% -1986.54% -110.48% 37.16% -219.34% -89.66% -64.64% -51.40% -35.04% -60.55% 46.11% 2.41% 2.02% 326.42%     
      qoq
    		18.33% -93.88% 2415.38% -108.59% -196.80% -1001.92% -86.02% 12.39% -15.78% -21.87% -52.19% 54.48% 12.56% -52.55% 77.08% 8.27% 12.14% 98.33%  
      net income margin %
    		5.84% 4.98% 81.34% 3.32% -41.16% 46.03% -5.45% -41.52% -38.90% -60.93% -87.18% -220.55% -171.11% -168.99% -415.31% -250.87% -271.43% -184.74% -140.38% 
      net income attributable to noncontrolling interests, net of tax
    		   2,600,000 2,300,000 2,700,000 3,300,000 3,300,000 2,600,000 3,000,000 2,800,000 2,600,000 1,700,000 2,600,000 1,700,000 1,500,000 1,100,000 1,400,000 1,000,000 
      net income attributable to hippo
    		7,100,000 6,000,000 98,100,000 1,300,000                
      other comprehensive income:
    		                   
      change in net unrealized gain on investments, net of tax
    		-2,400,000 400,000 1,300,000 700,000 2,100,000 -3,200,000 4,100,000 -200,000 -500,000           
      comprehensive income attributable to hippo
    		4,700,000 6,400,000 99,400,000 2,000,000                
      per share data:
    		                   
      net income per share
    		    -1.91 1.8 -0.34 -1.64 -1.47 -1.73 -2.24 -4.61 -3.01 -2.73 -5.66 -0.13 -0.12 0.41 -0.08 
      basic
    		0.27 0.24 3.9 0.05                
      diluted
    		0.27 0.25 3.77 0.05                
      weighted-average common shares outstanding
    		                   
      basic
    		25,840,004 25,253,520 25,183,389 25,343,457                
      diluted
    		26,354,271 26,011,391 26,025,069 26,023,780                
      technology and development
    		 6,050,000 8,000,000 8,100,000 8,100,000 7,600,000 7,000,000 7,800,000 8,300,000 10,400,000 11,900,000 13,100,000 11,600,000 11,500,000 14,800,000 16,500,000 14,700,000 13,500,000 8,300,000 
      sales and marketing
    		 6,525,000 8,000,000 9,200,000 8,900,000 10,900,000 12,500,000 13,400,000 14,400,000 16,200,000 18,900,000 22,600,000 22,400,000 28,100,000 29,400,000 19,400,000 24,900,000 25,700,000 22,400,000 
      general and administrative
    		 12,600,000 16,500,000 17,400,000 16,500,000 17,200,000 15,300,000 19,900,000 18,300,000 17,600,000 20,700,000 21,500,000 19,800,000 17,800,000 19,000,000 18,200,000 16,500,000 18,600,000 13,400,000 
      impairment and restructuring charges
    		  3,800,000 1,200,000     3,600,000      55,300,000     
      gain on sale of business
    		  -95,000,000   -46,200,000 -8,200,000             
      net income attributable to hippo - basic and diluted
    		 12.925 98.1 1.3                
      weighted-average shares used for eps calculation
    		    24,978,901 24,699,913 25,068,472 24,633,960 24,225,650 23,578,922 23,729,570 23,387,767 23,198,491 22,747,101 22,839,916 566,107,642 561,620,061 272,168,933 386,882,408 
      basic
    		25,840,004 25,253,520 25,183,389 25,343,457                
      diluted
    		26,354,271 26,011,391 26,025,069 26,023,780                
      other expense
    		   100,000 -200,000 -25,000 -100,000 100,000            
      net loss attributable to hippo
    		    -47,700,000 44,200,000 -8,500,000 -40,500,000 -35,700,000 -42,300,000 -53,100,000 -107,800,000 -69,800,000 -63,100,000 -129,200,000 -73,500,000 -67,600,000 -60,700,000 -30,900,000 
      comprehensive loss attributable to hippo
    		    -45,600,000 41,000,000 -4,400,000 -40,700,000 -36,200,000 -38,100,000 -53,800,000 -108,900,000 -68,100,000 -62,300,000 -132,100,000 -75,100,000 -70,200,000 -61,100,000 -31,000,000 
      net loss attributable to hippo - basic and diluted
    		    -47.7 -21.175 -8.5 -40.5 -35.7 -57.7 -53.1 -107.8 -69.8 -67.575 -129.2 -73.5 -67.6 -77.675 -30.9 
      weighted-average shares used for eps calculation
    		    24,978,901 24,699,913 25,068,472 24,633,960 24,225,650 23,578,922 23,729,570 23,387,767 23,198,491 22,747,101 22,839,916 566,107,642 561,620,061 272,168,933 386,882,408 
      net income per share
    		    -1.91 1.8 -0.34 -1.64 -1.47 -1.73 -2.24 -4.61 -3.01 -2.73 -5.66 -0.13 -0.12 0.41 -0.08 
      change in net unrealized gain or loss on investments, net of tax
    		         -25,000 -700,000 -1,100,000 1,700,000 800,000 -2,900,000 -1,600,000 -2,600,000 -400,000 -100,000 
      income taxes expense
    		                 300,000 100,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                           
        assets
      		                     
        investments:
      		                     
        fixed maturities available-for-sale, at fair value
      		298,700,000 293,400,000 245,500,000 237,300,000 212,200,000 205,700,000 201,800,000 167,000,000 162,700,000 161,700,000 141,500,000 135,600,000 141,000,000 121,100,000 109,200,000 102,600,000 86,500,000 54,900,000 59,700,000   
        short-term investments, at fair value
      		125,200,000 152,500,000 174,700,000 167,800,000 175,400,000 167,600,000 152,500,000 148,500,000 124,700,000  188,500,000 228,800,000 290,400,000         
        total investments
      		423,900,000 445,900,000 420,200,000 405,100,000 387,600,000 373,300,000 354,300,000 315,500,000 287,400,000 348,800,000 330,000,000 364,400,000 431,400,000 445,900,000 330,800,000 454,300,000 435,400,000 64,000,000 72,000,000   
        cash and cash equivalents
      		275,400,000 218,300,000 247,700,000 198,900,000 140,900,000 197,600,000 191,200,000 175,900,000 223,400,000 142,100,000 228,400,000 200,200,000 188,900,000 194,500,000 346,500,000 277,500,000 336,800,000 775,600,000 778,700,000   
        restricted cash
      		29,400,000 31,800,000 24,500,000 26,900,000 39,300,000 35,200,000 39,700,000 44,300,000 39,900,000 53,000,000 41,000,000 38,200,000 31,800,000 50,000,000 46,400,000 47,000,000 44,800,000 43,100,000 44,100,000   
        accounts receivable
      		282,100,000 250,100,000 236,700,000 227,100,000 172,800,000 167,000,000 157,800,000 167,400,000 153,800,000 145,200,000 145,400,000 148,200,000 133,600,000 107,200,000 89,800,000 66,600,000 61,000,000 56,500,000 60,300,000   
        reinsurance recoverable on paid and unpaid losses and lae
      		398,100,000  321,300,000 302,600,000 326,000,000 285,300,000 279,800,000 290,800,000 290,100,000 281,300,000 297,300,000 332,700,000 300,600,000 286,300,000 337,300,000 291,400,000 321,400,000 266,900,000 279,400,000   
        prepaid reinsurance premiums
      		386,700,000 353,700,000 336,600,000 296,400,000 249,300,000 274,200,000 292,300,000 291,300,000 275,300,000 335,600,000 375,500,000 375,200,000 326,800,000 309,900,000 301,600,000 263,400,000 236,000,000 231,600,000 228,100,000   
        ceding commissions receivable
      		132,800,000 98,700,000 123,100,000 107,700,000 85,700,000 79,500,000 89,000,000 81,700,000 82,200,000 73,800,000 79,900,000 70,100,000 59,900,000 45,800,000 56,300,000 50,000,000 49,200,000 41,600,000 38,000,000   
        capitalized internal use software
      		42,300,000 43,000,000 43,300,000 47,200,000 47,400,000 48,100,000 50,200,000 49,900,000 48,900,000 48,400,000 46,900,000 44,000,000 41,200,000 38,800,000 36,800,000 34,000,000 30,300,000 25,900,000 21,600,000   
        intangible assets
      		13,600,000 13,800,000 14,000,000 14,300,000 16,100,000 17,000,000 23,800,000 25,000,000 26,200,000 27,300,000 23,600,000 24,700,000 25,800,000 26,900,000 28,000,000 29,200,000 30,300,000 32,200,000 33,700,000   
        other assets
      		77,600,000 103,600,000 106,200,000 75,300,000 75,300,000 66,200,000 67,300,000 68,500,000 69,100,000 69,200,000 79,000,000 83,100,000 64,700,000 63,600,000 56,500,000 62,500,000 75,800,000 51,800,000 49,100,000   
        total assets
      		2,061,900,000 1,905,500,000 1,873,600,000 1,706,200,000 1,540,400,000 1,543,400,000 1,545,400,000 1,510,300,000 1,496,300,000 1,524,700,000 1,647,000,000 1,680,800,000 1,604,700,000 1,568,900,000 1,630,000,000 1,629,400,000 1,674,500,000 1,642,700,000 1,658,200,000 230,905,463 231,219,945 
        liabilities and stockholders’ equity
      		                     
        liabilities:
      		                     
        loss and loss adjustment expense reserve
      		482,600,000  384,400,000 389,000,000 400,800,000 350,000,000 351,100,000 346,900,000 336,600,000 322,500,000 359,900,000 367,600,000 305,200,000 293,800,000 321,500,000 268,800,000 282,400,000 260,800,000 239,700,000   
        unearned premiums
      		615,300,000 579,700,000 564,400,000 506,200,000 446,000,000 457,900,000 473,800,000 452,700,000 407,300,000 419,200,000 441,800,000 423,100,000 365,700,000 341,300,000 316,500,000 282,900,000 252,100,000 253,100,000 244,300,000   
        reinsurance premiums payable
      		356,300,000 304,400,000 332,100,000 302,900,000 238,300,000 248,600,000 261,200,000 246,600,000 263,200,000 260,100,000 291,100,000 302,700,000 249,500,000 207,100,000 215,900,000 192,400,000 201,700,000 159,400,000 162,100,000   
        provision for commission
      		39,300,000 36,300,000 38,000,000 38,400,000 38,700,000 34,300,000 31,100,000 31,300,000 29,000,000 24,700,000 18,000,000 12,700,000 8,700,000 5,000,000 13,400,000 13,300,000 14,400,000 12,300,000 11,200,000   
        surplus note
      		47,900,000 47,900,000 47,900,000 47,900,000                  
        accrued expenses and other liabilities
      		71,800,000 80,700,000 85,300,000 77,200,000 90,900,000 87,400,000 98,100,000 106,200,000 105,400,000 113,500,000 124,900,000 127,700,000 132,600,000 128,200,000 123,700,000 120,600,000 101,100,000 83,800,000 61,900,000   
        total liabilities
      		1,613,200,000 1,469,400,000 1,452,100,000 1,372,100,000 1,214,700,000 1,178,200,000 1,215,300,000 1,183,700,000 1,141,500,000 1,140,000,000 1,235,700,000 1,233,800,000 1,061,700,000 975,400,000 991,000,000 878,000,000 865,800,000 781,000,000 754,500,000 26,151,898 23,834,287 
        commitments and contingencies
      		                     
        stockholders’ equity:
      		                     
        common stock, 0.0001 par value per share...
      		                     
        additional paid-in capital
      		1,659,400,000 1,651,500,000 1,643,300,000 1,653,700,000 1,646,000,000 1,639,700,000 1,645,100,000 1,636,800,000 1,624,700,000 1,615,200,000 1,606,100,000 1,590,900,000 1,574,700,000 1,558,000,000 1,540,800,000 1,522,800,000 1,504,400,000 1,488,300,000 1,469,100,000 11,565,268 8,933,205 
        accumulated other comprehensive income
      		-600,000 1,800,000 1,400,000 100,000              -700,000 -400,000   
        accumulated deficit
      		-1,210,100,000 -1,217,200,000 -1,223,200,000 -1,321,300,000 -1,322,600,000 -1,274,900,000 -1,319,200,000 -1,310,600,000 -1,270,100,000 -1,234,400,000 -1,192,000,000 -1,138,900,000 -1,031,100,000 -961,100,000 -898,000,000 -768,800,000 -695,600,000 -628,000,000 -567,300,000 -6,566,141 -3,934,048 
        total stockholders’ equity
      		448,700,000 436,100,000 421,500,000 334,100,000 325,700,000 365,200,000 330,100,000 326,600,000 354,800,000 384,700,000 411,300,000 447,000,000 543,000,000 593,500,000 639,000,000 751,400,000 808,700,000 861,700,000 903,700,000   
        total liabilities and stockholders’ equity
      		2,061,900,000 1,905,500,000 1,873,600,000 1,706,200,000 1,540,400,000 1,543,400,000 1,545,400,000 1,510,300,000 1,496,300,000 1,524,700,000 1,647,000,000 1,680,800,000 1,604,700,000 1,568,900,000 1,630,000,000 1,629,400,000 1,674,500,000     
        reinsurance recoverable on paid and unpaid losses and loss adjustment expenses
      		 346,600,000                    
        losses and loss adjustment expense reserve
      		 420,400,000                    
        common stock, 0.0001 par value...
      		                     
        total hippo stockholders’ equity
      		 436,100,000 421,500,000 332,500,000 322,800,000  326,400,000 322,600,000 351,200,000  407,000,000 445,600,000 538,300,000  635,000,000 749,100,000 805,500,000     
        noncontrolling interest
      		   1,600,000 2,900,000 3,100,000 3,700,000 4,000,000 3,600,000 6,800,000 4,300,000 1,400,000 4,700,000 3,600,000 4,000,000 2,300,000 3,200,000 2,100,000 2,300,000   
        assets held for sale
      		   4,700,000                  
        liabilities held for sale
      		   10,500,000                  
        accumulated other comprehensive loss
      		    -600,000 -2,700,000 500,000 -3,600,000 -3,400,000 -2,900,000 -7,100,000 -6,400,000 -5,300,000 -7,000,000 -7,800,000 -4,900,000 -3,300,000     
        stockholders’ equity
      		                     
        total hippo stockholders' equity
      		     362,100,000    377,900,000    589,900,000    859,600,000 901,400,000   
        short-term investments
      		         187,100,000    324,800,000 221,600,000 351,700,000 348,900,000 9,100,000 12,300,000   
        goodwill
      		               53,500,000 53,500,000 53,500,000 53,200,000   
        contingent consideration liability
      		                14,100,000 11,600,000 11,500,000   
        liabilities, convertible preferred stock, and stockholders’ equity
      		                     
        convertible promissory notes
      		                     
        derivative liability on notes
      		                     
        preferred stock warrant liabilities
      		                     
        convertible preferred stock:
      		                     
        preferred stock, 0.0001 par value per share...
      		                     
        total liabilities, convertible preferred stock, and stockholders’ equity
      		                 1,642,700,000 1,658,200,000   
        fiduciary liabilities
      		                  23,800,000   
        assets:
      		                     
        current assets:
      		                     
        cash
      		                   101,045 214,015 
        prepaid expenses
      		                   800,310 934,320 
        total current assets
      		                   901,355 1,148,335 
        cash and investments held in trust account
      		                   230,004,108 230,071,610 
        liabilities and shareholders’ equity:
      		                     
        current liabilities:
      		                     
        accounts payable
      		                   89,189 22,500 
        accrued expenses
      		                   874,866 866,866 
        due to related party
      		                   334,663 168,661 
        total current liabilities
      		                   1,298,718 1,058,027 
        deferred legal fees
      		                   200,000 200,000 
        deferred underwriting commissions
      		                   8,050,000 8,050,000 
        derivative warrant liabilities
      		                   16,603,180 14,526,260 
        class a ordinary shares; 19,975,356 and 20,484,749 shares subject to possible redemption at 10.00 per share at june 30, 2021 and december 31, 2020, respectively
      		                   199,753,560  
        shareholders’ equity:
      		                     
        preference shares, 0.0001 par value...
      		                     
        class a ordinary shares, 0.0001 par value...
      		                   303 276 
        redemption) at june 30, 2021 and december 31, 2020, respectively
      		                     
        class b ordinary shares, 0.0001 par value...
      		                   575 575 
        total shareholders’ equity
      		                   5,000,005 5,000,008 
        total liabilities and shareholders’ equity
      		                   230,905,463 231,219,945 
        class a ordinary shares; 20,238,565 and 20,484,749 shares subject to possible redemption at 10.00 per share at march 31, 2021 and december 31, 2020, respectively
      		                    202,385,650 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 
                          
          cash flows from operating activities:
        		                  
          net cash from operating activities
        		8,500,000 3,200,000 16,900,000 24,700,000 -35,600,000 -6,400,000 46,800,000 -10,600,000 17,700,000 -48,500,000 1,100,000 -9,300,000 -35,700,000 -30,100,000 -43,000,000 -29,800,000 -58,600,000 2,600,000 
          capital expenditures
        		-3,200,000 -3,500,000 -3,400,000 -3,500,000 -2,900,000 -1,400,000 -3,400,000 -3,800,000 -3,400,000 -4,500,000 -4,700,000 -4,600,000  -3,500,000 -5,500,000 -4,500,000 -6,200,000 -12,600,000 
          free cash flows
        		5,300,000 -300,000 13,500,000 21,200,000 -38,500,000 -7,800,000 43,400,000 -14,400,000 14,300,000 -53,000,000 -3,600,000 -13,900,000  -33,600,000 -48,500,000 -34,300,000 -64,800,000 -10,000,000 
          cash flows from investing activities:
        		                  
          capitalized internal use software costs
        		-3,100,000 -3,500,000 -3,400,000 -3,500,000 -2,800,000 -1,300,000 -3,400,000 -3,700,000 -3,300,000 -4,100,000 -4,500,000 -4,600,000 -3,900,000 -3,400,000 -3,700,000 -3,900,000 -3,800,000 -11,900,000 
          purchases of property and equipment
        		-100,000 0   -100,000 -100,000 0 -100,000 -100,000 -400,000 -200,000   -100,000 -1,800,000 -600,000 -2,400,000 -700,000 
          purchases of fixed maturities
        		-29,400,000 -65,800,000 -23,200,000 -33,700,000 -15,700,000 -27,000,000 -46,700,000 -6,700,000 -17,300,000          
          maturities of fixed maturities
        		20,900,000 20,100,000 11,100,000 9,200,000 11,200,000 19,900,000 11,000,000 3,800,000 14,400,000          
          sales of fixed maturities
        		1,100,000 1,700,000    0 0 800,000 600,000          
          purchases of short-term investments
        		-65,300,000 -60,600,000 -78,300,000 -98,300,000 -50,400,000 -97,100,000 -58,200,000 -77,200,000 -37,600,000          
          maturities of short-term investments
        		91,400,000 79,100,000 73,700,000 99,800,000 46,800,000 79,600,000 50,000,000 54,800,000 101,800,000          
          sales of short-term investments
        		2,000,000 3,300,000 600,000   0 0            
          proceeds from deferred consideration
        		25,000,000                  
          net cash from investing activities
        		42,500,000 -25,700,000 47,400,000 -21,900,000 -11,000,000 27,800,000 -27,900,000 -28,100,000 58,500,000 -22,000,000 30,800,000 35,000,000 13,800,000 -115,200,000 112,500,000 -25,000,000 -378,200,000 -7,100,000 
          cash flows from financing activities:
        		                  
          taxes paid related to net share settlement of equity awards
        		 0 -4,000,000 -2,100,000 -3,300,000 -3,600,000 -2,500,000 -2,700,000 -1,100,000 -700,000 -1,100,000 -2,000,000 -900,000 -400,000 -800,000 -1,700,000 -1,000,000  
          proceeds from issuance of common stock
        		1,000,000 1,000,000 500,000 1,300,000 1,000,000 3,700,000 800,000 1,200,000 1,000,000          
          payments of contingent consideration
        		 0 0 -200,000 -200,000 -200,000 -200,000 -200,000 -300,000 -300,000 -300,000 -300,000 -400,000     -600,000 
          distributions to noncontrolling interests
        		          0        
          other
        		2,700,000     0    -2,300,000 0 100,000 -1,000,000 0 0 0 -2,000,000 -8,900,000 
          net cash from financing activities
        		3,700,000 400,000 -17,900,000 42,800,000 -6,000,000 -19,500,000 -8,200,000 -4,400,000 -8,000,000 -3,800,000 -900,000 -8,000,000 -1,900,000 -3,100,000 -1,100,000 -2,300,000 -300,000 400,000 
          net increase in cash, cash equivalents, and restricted cash
        		54,700,000 -22,100,000 46,400,000 45,600,000 -52,600,000 1,900,000 10,700,000 -43,100,000 68,200,000    -23,800,000 -148,400,000 68,400,000 -57,100,000 -437,100,000 -4,100,000 
          cash, cash equivalents, and restricted cash at the beginning of the period
        		250,100,000 0 0 0 232,800,000 0 0 0 195,100,000 0 0 0 244,500,000 0 0 0 818,700,000 0 
          cash, cash equivalents, and restricted cash at the end of the period
        		304,800,000 -22,100,000 46,400,000 45,600,000 180,200,000 1,900,000 10,700,000 -43,100,000 263,300,000 -74,300,000 31,000,000 17,700,000 220,700,000 -148,400,000 68,400,000 -57,100,000 381,600,000 -4,100,000 
          net income
        		                  
          adjustments to reconcile net income to net cash from operating activities:
        		                  
          depreciation and amortization
        		     5,800,000 5,900,000 5,900,000 5,600,000 5,400,000 4,900,000 5,200,000 4,300,000 4,000,000 3,800,000 3,500,000 3,900,000 3,300,000 
          stock–based compensation expense
        		     8,900,000 9,000,000 11,900,000 8,400,000 10,800,000 13,900,000 16,700,000 16,100,000 15,600,000 17,000,000 15,900,000 13,400,000  
          fair value adjustments
        		     -500,000 300,000 400,000 1,500,000          
          impairment and restructuring charges
        		     0 0            
          gain on sale of business
        		     -46,200,000             
          other non-cash items
        		     400,000 -2,000,000 -2,200,000 -2,400,000 -500,000 -2,100,000 -3,000,000 -1,800,000 -2,700,000 -500,000 0 200,000  
          changes in assets and liabilities
        		                  
          accounts receivable
        		     -9,300,000 9,600,000 -13,500,000 -8,700,000 200,000 2,800,000 -14,600,000 -26,400,000 -17,600,000 -23,200,000 -5,600,000 -4,500,000 2,900,000 
          reinsurance recoverables
        		                  
          ceding commissions receivable
        		     9,600,000 -7,400,000 500,000 -8,400,000 6,200,000 -9,900,000 -10,200,000 -14,100,000 10,500,000 -6,300,000 -800,000 -7,600,000 -3,600,000 
          prepaid reinsurance premiums
        		     18,100,000 -1,000,000 -16,000,000 60,300,000 40,000,000 -300,000 -48,500,000 -16,900,000 -8,300,000 -38,200,000 -27,400,000 -4,400,000 -3,500,000 
          other assets
        		     -200,000 -100,000 -2,800,000 -3,300,000 6,100,000 2,800,000 -600,000 -2,100,000 -6,400,000 6,200,000 12,400,000 -3,300,000 -200,000 
          provision for commission
        		     3,300,000 -200,000 2,300,000 4,300,000 6,700,000 5,300,000 4,000,000 3,700,000 -8,400,000 100,000 -1,100,000 2,100,000 1,000,000 
          accrued expenses and other liabilities
        		     -8,100,000 -4,900,000 1,600,000 -6,100,000 -12,100,000 -1,700,000 3,300,000 5,000,000 4,100,000 8,200,000 9,600,000 -2,300,000 16,400,000 
          losses and loss adjustment expense reserves
        		                  
          unearned premiums
        		     -15,900,000 21,100,000 45,500,000 -12,000,000 -22,700,000 18,800,000 57,400,000 24,400,000 24,800,000 33,600,000 30,800,000 -1,000,000 8,800,000 
          reinsurance premiums payable
        		     -12,600,000 14,700,000 -16,600,000 3,000,000 -31,000,000 -11,700,000 53,300,000 42,400,000 -8,800,000 23,500,000 -9,300,000 42,300,000 -2,800,000 
          proceeds from sale of business
        		                  
          proceeds from surplus note
        		 0 0                
          share repurchases under program
        		 0        0 0 -1,600,000 -200,000      
          acquisitions of noncontrolling interests
        		     0             
          distributions to noncontrolling interests and other
        		 -600,000 100,000 -4,100,000 -3,500,000 -3,800,000 -6,100,000 -2,700,000 -7,600,000          
          proceeds from sale of business, net of cash disposed
        		     48,000,000             
          net loss
        		     46,900,000 -5,200,000 -37,200,000 -33,100,000 -39,300,000 -50,300,000 -105,300,000 -68,100,000 -60,500,000 -127,500,000 -72,000,000 -66,500,000 -59,300,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                  
          changes in assets and liabilities:
        		                  
          reinsurance recoverable on paid and unpaid losses and lae
        		     -5,500,000 11,000,000 -700,000 -8,800,000 16,000,000 35,700,000 -32,100,000 -14,600,000 51,000,000 -45,900,000 30,000,000 -54,500,000 12,500,000 
          loss and loss adjustment expense reserves
        		     -1,100,000 4,200,000 10,300,000 14,100,000 -37,400,000 -7,700,000 62,400,000 11,400,000 -27,700,000 52,700,000 -13,600,000 21,600,000 21,100,000 
          assets disposed from sale of business
        		                  
          impairment charges
        		        3,300,000     0     
          other changes in fair value
        		                  
          change in fair value of contingent consideration liability
        		         1,500,000 800,000 2,900,000 800,000 1,500,000 200,000 -800,000 3,200,000 1,400,000 
          net decrease in cash, cash equivalents, and restricted cash
        		                  
          change in fair value of warrant liability
        		            200,000 -1,200,000 -200,000 -1,400,000 -1,200,000 -4,700,000 
          purchases of investments
        		          -83,500,000 -96,000,000 -111,200,000 -147,600,000 -237,400,000 -22,600,000 -385,400,000 -1,400,000 
          maturities of investments
        		          119,300,000 142,300,000 122,000,000 34,200,000 354,100,000 500,000 12,800,000 3,800,000 
          sales of investments
        		          -300,000 22,200,000 7,900,000 1,700,000 1,300,000 1,600,000 2,600,000 5,100,000 
          proceeds from issuances of common stock
        		          500,000    100,000    
          proceeds from exercise of options
        		            200,000    1,200,000 1,600,000 
          change in fair value of preferred stock warrant liabilities
        		                 0 
          change in fair value of derivative liability on notes
        		                 0 
          amortization of debt discount
        		                 0 
          gain on extinguishment of debt
        		                 0 
          non-cash interest expense
        		                  
          non-cash service expense
        		                 0 
          purchase of intangible assets
        		                 0 
          proceeds from the exercise of preferred stock warrants
        		                 0 
          proceeds from reverse recapitalization, net of redemptions, secondaries and costs
        		                 1,000,000 
          supplemental disclosures of non-cash financing and investing activities:
        		                  
          payments for reverse recapitalization and transaction costs
        		                  
          conversion of preferred stock for common stock
        		                  
          acquisition of public and private placement warrants
        		                  
          equity issued for acquisitions
        		                  
          unpaid transaction costs
        		                  
          convertible promissory notes issued for services
        		                  
          cash paid for acquisitions, net of cash acquired
        		                 0 
          proceeds from series d preferred stock, net of issuance costs
        		                  
          proceeds from series e preferred stock, net of issuance costs
        		                  
          proceeds from promissory notes, net of issuance costs
        		                  
          share–based compensation expense
        		                  
          fiduciary liabilities