Quarterly
Annual
| Unit: USD | 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 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | ||||||||||||||||||||||
net earned premium | 140,000,000 | 112,500,000 | 104,300,000 | 101,200,000 | 95,700,000 | 89,300,000 | 84,400,000 | 83,900,000 | 86,600,000 | 76,500,000 | 68,200,000 | 63,200,000 | 50,600,000 | 31,200,000 | 27,400,000 | 25,400,000 | 21,500,000 | 16,300,000 | 13,800,000 | 12,300,000 | 10,500,000 | 29,200,000 |
ceding commission income | 32,200,000 | 30,400,000 | 26,900,000 | 29,600,000 | 24,000,000 | 16,500,000 | 21,000,000 | 18,400,000 | 16,700,000 | 17,500,000 | 17,200,000 | 17,700,000 | 16,900,000 | 15,500,000 | 14,000,000 | 13,000,000 | 12,300,000 | 10,600,000 | 9,000,000 | 7,900,000 | 7,000,000 | 400,000 |
net investment income | 9,700,000 | 9,400,000 | 9,500,000 | 9,400,000 | 8,900,000 | 8,100,000 | 7,600,000 | 7,100,000 | 7,000,000 | 5,600,000 | 5,000,000 | 3,700,000 | 2,600,000 | 1,200,000 | 900,000 | 900,000 | 600,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 |
commission and other income | 12,600,000 | 11,800,000 | 10,500,000 | 8,600,000 | 8,000,000 | 8,100,000 | 6,100,000 | 6,100,000 | 4,200,000 | 5,000,000 | 4,800,000 | 3,800,000 | 3,900,000 | 2,100,000 | 2,000,000 | 1,700,000 | 1,300,000 | 1,100,000 | 500,000 | 100,000 | 100,000 | |
total revenue | 194,500,000 | 164,100,000 | 151,200,000 | 148,800,000 | 136,600,000 | 122,000,000 | 119,100,000 | 115,500,000 | 114,500,000 | 104,600,000 | 95,200,000 | 88,400,000 | 74,000,000 | 50,000,000 | 44,300,000 | 41,000,000 | 35,700,000 | 28,200,000 | 23,500,000 | 20,500,000 | 17,800,000 | 29,900,000 |
yoy | 42.39% | 34.51% | 26.95% | 28.83% | 19.30% | 16.63% | 25.11% | 30.66% | 54.73% | 109.20% | 114.90% | 115.61% | 107.28% | 77.30% | 88.51% | 100.00% | 100.56% | -5.69% | ||||
qoq | 18.53% | 8.53% | 1.61% | 8.93% | 11.97% | 2.43% | 3.12% | 0.87% | 9.46% | 9.87% | 7.69% | 19.46% | 48.00% | 12.87% | 8.05% | 14.85% | 26.60% | 20.00% | 14.63% | 15.17% | -40.47% | |
expense | ||||||||||||||||||||||
loss and loss adjustment expense | 89,600,000 | 77,500,000 | 85,400,000 | 62,700,000 | 77,900,000 | 70,500,000 | 65,900,000 | 65,000,000 | 75,900,000 | 75,900,000 | 63,600,000 | 61,500,000 | 53,300,000 | 28,100,000 | 24,400,000 | 24,900,000 | 17,500,000 | 13,000,000 | 16,500,000 | 9,300,000 | 6,700,000 | 20,500,000 |
other insurance expense | 24,100,000 | 21,400,000 | 26,100,000 | 20,900,000 | 19,800,000 | 18,800,000 | 17,300,000 | 15,500,000 | 15,100,000 | 15,000,000 | 13,600,000 | 13,100,000 | 12,100,000 | 9,700,000 | 9,100,000 | 7,800,000 | 6,300,000 | 5,200,000 | 4,800,000 | 3,600,000 | 3,500,000 | 4,000,000 |
sales and marketing | 57,400,000 | 59,600,000 | 43,200,000 | 47,700,000 | 51,400,000 | 36,800,000 | 30,400,000 | 24,500,000 | 24,400,000 | 24,800,000 | 28,200,000 | 27,200,000 | 35,800,000 | 37,000,000 | 38,300,000 | 37,200,000 | 42,200,000 | 33,100,000 | 29,100,000 | 22,900,000 | 22,200,000 | 16,100,000 |
technology development | 24,700,000 | 22,400,000 | 22,000,000 | 21,800,000 | 21,900,000 | 21,200,000 | 20,900,000 | 21,100,000 | 21,800,000 | 24,100,000 | 21,800,000 | 23,500,000 | 21,400,000 | 17,800,000 | 16,900,000 | 16,400,000 | 14,300,000 | 14,000,000 | 7,100,000 | 6,400,000 | 5,300,000 | 4,200,000 |
general and administrative | 35,000,000 | 25,800,000 | 35,900,000 | 33,500,000 | 31,400,000 | 29,800,000 | 29,800,000 | 29,000,000 | 36,900,000 | 30,700,000 | 32,700,000 | 31,200,000 | 40,500,000 | 22,400,000 | 28,200,000 | 23,100,000 | 19,600,000 | 15,800,000 | 14,100,000 | 11,700,000 | 10,600,000 | 5,800,000 |
total expense | 230,800,000 | 206,700,000 | 212,600,000 | 186,600,000 | 202,400,000 | 177,100,000 | 164,300,000 | 155,100,000 | 174,100,000 | 170,500,000 | 159,900,000 | 156,500,000 | 163,100,000 | 115,000,000 | 116,900,000 | 109,400,000 | 99,900,000 | 81,100,000 | 71,600,000 | 53,900,000 | 48,300,000 | 50,600,000 |
income before income taxes | -36,300,000 | -42,600,000 | -61,400,000 | -37,800,000 | -65,800,000 | -55,100,000 | -45,200,000 | -39,600,000 | -59,600,000 | -65,900,000 | -64,700,000 | -68,100,000 | -89,100,000 | -65,000,000 | -72,600,000 | -68,400,000 | -64,200,000 | -52,900,000 | -48,100,000 | -33,400,000 | -30,500,000 | -20,700,000 |
yoy | -44.83% | -22.69% | 35.84% | -4.55% | 10.40% | -16.39% | -30.14% | -41.85% | -33.11% | 1.38% | -10.88% | -0.44% | 38.79% | 22.87% | 50.94% | 104.79% | 110.49% | 155.56% | ||||
qoq | -14.79% | -30.62% | 62.43% | -42.55% | 19.42% | 21.90% | 14.14% | -33.56% | -9.56% | 1.85% | -4.99% | -23.57% | 37.08% | -10.47% | 6.14% | 6.54% | 21.36% | 9.98% | 44.01% | 9.51% | 47.34% | |
operating margin % | -18.66% | -25.96% | -40.61% | -25.40% | -48.17% | -45.16% | -37.95% | -34.29% | -52.05% | -63.00% | -67.96% | -77.04% | -120.41% | -130.00% | -163.88% | -166.83% | -179.83% | -187.59% | -204.68% | -162.93% | -171.35% | -69.23% |
income tax expense | 1,200,000 | 1,300,000 | 1,000,000 | 1,525,000 | 1,900,000 | 2,100,000 | 2,100,000 | 2,800,000 | 1,900,000 | 1,300,000 | 1,100,000 | -4,400,000 | 2,300,000 | 2,900,000 | 2,200,000 | 1,900,000 | 2,200,000 | 2,700,000 | 900,000 | 500,000 | 400,000 | 300,000 |
net income | -37,500,000 | -43,900,000 | -62,400,000 | -30,000,000 | -67,700,000 | -57,200,000 | -47,300,000 | -42,400,000 | -61,500,000 | -67,200,000 | -65,800,000 | -63,700,000 | -91,400,000 | -67,900,000 | -74,800,000 | -70,300,000 | -66,400,000 | -55,600,000 | -49,000,000 | -33,900,000 | -30,900,000 | -21,000,000 |
yoy | -44.61% | -23.25% | 31.92% | -29.25% | 10.08% | -14.88% | -28.12% | -33.44% | -32.71% | -1.03% | -12.03% | -9.39% | 37.65% | 22.12% | 52.65% | 107.37% | 114.89% | 164.76% | ||||
qoq | -14.58% | -29.65% | 108.00% | -55.69% | 18.36% | 20.93% | 11.56% | -31.06% | -8.48% | 2.13% | 3.30% | -30.31% | 34.61% | -9.22% | 6.40% | 5.87% | 19.42% | 13.47% | 44.54% | 9.71% | 47.14% | |
net income margin % | -19.28% | -26.75% | -41.27% | -20.16% | -49.56% | -46.89% | -39.71% | -36.71% | -53.71% | -64.24% | -69.12% | -72.06% | -123.51% | -135.80% | -168.85% | -171.46% | -185.99% | -197.16% | -208.51% | -165.37% | -173.60% | -70.23% |
other comprehensive loss, net of tax | ||||||||||||||||||||||
unrealized gain on investments in fixed maturities | 600,000 | 400,000 | 1,200,000 | -1,800,000 | 5,400,000 | 1,300,000 | 8,500,000 | 2,900,000 | 1,200,000 | 6,000,000 | -14,300,000 | |||||||||||
foreign currency translation adjustment | 400,000 | 7,200,000 | 1,500,000 | -4,200,000 | 3,100,000 | -700,000 | -900,000 | -400,000 | -1,000,000 | 100,000 | -700,000 | 2,300,000 | -1,500,000 | -5,500,000 | -1,100,000 | 1,000,000 | 300,000 | 700,000 | ||||
comprehensive loss | -36,500,000 | -36,300,000 | -59,700,000 | -36,000,000 | -59,200,000 | -56,600,000 | -47,500,000 | -32,300,000 | -59,600,000 | -65,900,000 | -60,500,000 | -56,000,000 | -97,900,000 | -77,900,000 | -90,200,000 | -73,800,000 | -67,200,000 | -55,500,000 | -48,200,000 | -32,800,000 | -30,500,000 | -20,800,000 |
per share data: | ||||||||||||||||||||||
net income per share | -0.51 | -0.6 | -0.86 | -0.41 | -0.95 | -0.81 | -0.67 | -0.6 | -0.88 | -0.97 | -0.95 | -0.9 | -1.37 | -1.1 | -1.21 | -1.14 | -1.08 | -0.9 | -0.81 | -0.22 | -0.57 | -1.77 |
weighted-average common shares outstanding—basic and diluted | 74,194,138 | 73,433,379 | 72,921,318 | 71,138,070 | 70,721,227 | 70,284,486 | 69,753,576 | 69,534,731 | 69,334,103 | 66,877,100 | 61,816,225 | 61,698,568 | 61,580,145 | 61,444,958 | 60,218,652 | 53,997,315 | 11,891,979 | |||||
unrealized gain loss on investments in fixed maturities | 700,000 | |||||||||||||||||||||
unrealized loss on investments in fixed maturities | -5,950,000 | -5,000,000 | -4,500,000 | |||||||||||||||||||
other comprehensive income, net of tax | ||||||||||||||||||||||
unrealized gain on investments | -4,500,000 | -800,000 | -200,000 | 100,000 | -500,000 | 400,000 | 200,000 | |||||||||||||||
commission income | 100,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
