10-Q Filing

NMI HOLDINGS, INC. CIK: 1547903 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001547903-20-000078`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	nmih-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 96 Cash Flow Statement 84 Stockholders Equity 46 Comprehensive Income 8

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities, available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$1.11B	USD	Point-in-time
Fixed maturities, available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$1.29B	USD	Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,286,803 and $1,113,779 as of June 30, 2020 and December 31, 2019, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$1.14B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.07M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.66M	USD	Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,286,803 and $1,113,779 as of June 30, 2020 and December 31, 2019, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$1.34B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $2,068 and $2,662 as of June 30, 2020 and December 31, 2019, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.45M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $2,068 and $2,662 as of June 30, 2020 and December 31, 2019, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.29M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $2,068 and $2,662 as of June 30, 2020 and December 31, 2019, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.73M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $2,068 and $2,662 as of June 30, 2020 and December 31, 2019, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09M	USD	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$46.09M	USD	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$46.41M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	84.80M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	68.36M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$6.83M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	84.80M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$7.91M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	68.36M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$3.42M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$3.51M	USD	Point-in-time
Deferred policy acquisition costs, net	`DeferredPolicyAcquisitionCosts`	$63.62M	USD	Point-in-time
Deferred policy acquisition costs, net	`DeferredPolicyAcquisitionCosts`	$59.97M	USD	Point-in-time
Software and equipment, net	`PropertyPlantAndEquipmentNet`	$26.10M	USD	Point-in-time
Software and equipment, net	`PropertyPlantAndEquipmentNet`	$26.11M	USD	Point-in-time
Intangible assets and goodwill	`IntangibleAssetsNetIncludingGoodwill`	$3.63M	USD	Point-in-time
Intangible assets and goodwill	`IntangibleAssetsNetIncludingGoodwill`	$3.63M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$10.26M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$15.49M	USD	Point-in-time
Other assets	`OtherAssets`	$16.23M	USD	Point-in-time
Other assets	`OtherAssets`	$16.05M	USD	Point-in-time
Total assets	`Assets`	$2.05B	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Debt	`SecuredDebt`	$392.77M	USD	Point-in-time
Debt	`SecuredDebt`	$145.76M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$115.24M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$136.64M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$104.78M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$39.90M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$23.75M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$69.90M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$12.81M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$18.43M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$12.21M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$14.31M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$2.70M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$5.10M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$7.64M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$83.78M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$56.36M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$8.52M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$10.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$434.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$789.89M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - class A shares, $0.01 par value; 84,804,766 and 68,358,074 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively (250,000,000 shares authorized)	`CommonStockValueOutstanding`	$684.00K	USD	Point-in-time
Common stock - class A shares, $0.01 par value; 84,804,766 and 68,358,074 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively (250,000,000 shares authorized)	`CommonStockValueOutstanding`	$848.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$707.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$927.95M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.67M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$205.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$290.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$701.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$930.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$751.88M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$812.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$974.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.05B	USD	Point-in-time
Reinsurance Recoverables, Gross	`ReinsuranceRecoverablesGross`	$14.31M	USD	Point-in-time
Reinsurance Recoverables, Gross	`ReinsuranceRecoverablesGross`	$4.94M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net premiums earned	`PremiumsEarnedNet`	$197.66M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$83.25M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$157.12M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$98.94M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$7.07M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$7.63M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$15.01M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$15.17M	USD	2 Qtrs
Net realized investment gains (losses)	`GainLossOnInvestments`	$711.00K	USD	1 Quarter
Net realized investment gains (losses)	`GainLossOnInvestments`	$-300.00K	USD	2 Qtrs
Net realized investment gains (losses)	`GainLossOnInvestments`	$-113.00K	USD	1 Quarter
Net realized investment gains (losses)	`GainLossOnInvestments`	$639.00K	USD	2 Qtrs
Other revenues	`OtherIncome`	$456.00K	USD	2 Qtrs
Other revenues	`OtherIncome`	$2.12M	USD	2 Qtrs
Other revenues	`OtherIncome`	$1.22M	USD	1 Quarter
Other revenues	`OtherIncome`	$415.00K	USD	1 Quarter
Total revenues	`Revenues`	$107.95M	USD	1 Quarter
Total revenues	`Revenues`	$215.60M	USD	2 Qtrs
Total revenues	`Revenues`	$91.18M	USD	1 Quarter
Total revenues	`Revenues`	$172.29M	USD	2 Qtrs
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$40.03M	USD	2 Qtrs
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$5.67M	USD	2 Qtrs
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$34.33M	USD	1 Quarter
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$2.92M	USD	1 Quarter
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$32.19M	USD	1 Quarter
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$62.99M	USD	2 Qtrs
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$62.65M	USD	2 Qtrs
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$30.37M	USD	1 Quarter
Service expenses	`OtherNonoperatingExpense`	$402.00K	USD	2 Qtrs
Service expenses	`OtherNonoperatingExpense`	$1.09M	USD	1 Quarter
Service expenses	`OtherNonoperatingExpense`	$1.82M	USD	2 Qtrs
Service expenses	`OtherNonoperatingExpense`	$353.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.69M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.13M	USD	2 Qtrs
Loss (gain) from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$-1.24M	USD	1 Quarter
Loss (gain) from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$-1.69M	USD	1 Quarter
Loss (gain) from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$4.72M	USD	2 Qtrs
Loss (gain) from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$-7.16M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$72.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$108.46M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$40.22M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$82.35M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.93M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$107.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.01M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$17.93M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.20	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.11	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.09M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.14M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	73.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.35M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.41M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.59M	shares	1 Quarter
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Unrealized gains in accumulated other comprehensive income, net of tax expense of $8,978 and $3,662 for the three months ended June 30, 2020 and 2019, and $5,162 and $7,615 for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$28.65M	USD	2 Qtrs
Unrealized gains in accumulated other comprehensive income, net of tax expense of $8,978 and $3,662 for the three months ended June 30, 2020 and 2019, and $5,162 and $7,615 for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$33.77M	USD	1 Quarter
Unrealized gains in accumulated other comprehensive income, net of tax expense of $8,978 and $3,662 for the three months ended June 30, 2020 and 2019, and $5,162 and $7,615 for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.78M	USD	1 Quarter
Unrealized gains in accumulated other comprehensive income, net of tax expense of $8,978 and $3,662 for the three months ended June 30, 2020 and 2019, and $5,162 and $7,615 for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$19.42M	USD	2 Qtrs
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $149 and ($24) for the three months ended June 30, 2020 and 2019, and ($258) and ($63) for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-237.00K	USD	2 Qtrs
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $149 and ($24) for the three months ended June 30, 2020 and 2019, and ($258) and ($63) for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-969.00K	USD	2 Qtrs
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $149 and ($24) for the three months ended June 30, 2020 and 2019, and ($258) and ($63) for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-89.00K	USD	1 Quarter
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $149 and ($24) for the three months ended June 30, 2020 and 2019, and ($258) and ($63) for the six months ended June 30, 2020 and 2019, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$562.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$28.88M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.87M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.39M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$33.21M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$100.88M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.51M	USD	2 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Net realized investment (gains) losses	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$711.00K	USD	1 Quarter
Net realized investment (gains) losses	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$639.00K	USD	2 Qtrs
Net realized investment (gains) losses	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-300.00K	USD	2 Qtrs
Net realized investment (gains) losses	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-113.00K	USD	1 Quarter
(Gain) loss from change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-4.72M	USD	2 Qtrs
(Gain) loss from change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$7.16M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.34M	USD	2 Qtrs
Net amortization of premium on investment securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-622.00K	USD	2 Qtrs
Net amortization of premium on investment securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-629.00K	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.27M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$499.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$22.01M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$17.84M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$6.46M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.27M	USD	2 Qtrs
Premiums receivable	`IncreaseDecreaseInPremiumsReceivable`	$323.00K	USD	2 Qtrs
Premiums receivable	`IncreaseDecreaseInPremiumsReceivable`	$6.22M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$607.00K	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.08M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-96.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$312.00K	USD	2 Qtrs
Deferred policy acquisition costs, net	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$3.65M	USD	2 Qtrs
Deferred policy acquisition costs, net	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$5.77M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$260.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$328.00K	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$-21.41M	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$-7.54M	USD	2 Qtrs
Reserve for insurance claims and claim expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$5.62M	USD	2 Qtrs
Reserve for insurance claims and claim expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$46.15M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$9.37M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$774.00K	USD	2 Qtrs
Reinsurance balances, net	`IncreaseDecreaseinReinsuranceAssetsandLiabilities`	$-336.00K	USD	2 Qtrs
Reinsurance balances, net	`IncreaseDecreaseinReinsuranceAssetsandLiabilities`	$-2.66M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.38M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.25M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$127.36M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$87.32M	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$113.28M	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$41.87M	USD	2 Qtrs
Purchase of fixed-maturity investments, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$451.46M	USD	2 Qtrs
Purchase of fixed-maturity investments, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$126.18M	USD	2 Qtrs
Proceeds from maturity of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$85.69M	USD	2 Qtrs
Proceeds from maturity of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$119.75M	USD	2 Qtrs
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$297.98M	USD	2 Qtrs
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$49.23M	USD	2 Qtrs
Software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.64M	USD	2 Qtrs
Software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.49M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.31M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.97M	USD	2 Qtrs
Proceeds from issuance of common stock related to public offering, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$220.28M	USD	2 Qtrs
Proceeds from issuance of common stock related to public offering, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock related to employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$12.37M	USD	2 Qtrs
Proceeds from issuance of common stock related to employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.39M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.54M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.46M	USD	2 Qtrs
Proceeds from senior secured notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$400.00M	USD	2 Qtrs
Proceeds from senior secured notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Repayments of term loan	`RepaymentsOfSecuredDebt`	$147.75M	USD	2 Qtrs
Repayments of term loan	`RepaymentsOfSecuredDebt`	$750.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$7.15M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.91M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$461.31M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.44M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$474.36M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$4.29M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$5.37M	USD	2 Qtrs
Income taxes refunded	`IncomeTaxesPaidNet`	$134.00K	USD	2 Qtrs
Income taxes refunded	`IncomeTaxesPaidNet`	$76.00K	USD	2 Qtrs

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Change in unrealized investment gains/losses, tax expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.69M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$8.83M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-3.41M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.99M	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	129,000.00	shares	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	168,000.00	shares	2 Qtrs
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	6,000.00	shares	2 Qtrs
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$701.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$930.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$751.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$812.38M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$974.89M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.26B	USD	Point-in-time
Common stock: class A shares issued related to public offering	`StockIssuedDuringPeriodValueNewIssues`	$219.69M	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.84M	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$221.00K	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$944.00K	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	129,000.00	shares	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	168,000.00	shares	2 Qtrs
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	6,000.00	shares	2 Qtrs
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$-321.00K	USD	1 Quarter
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$-3.75M	USD	1 Quarter
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$219.00K	USD	1 Quarter
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$-1.46M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.48M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.98M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.72M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.55M	USD	1 Quarter
Change in unrealized investment gains/losses, net of tax benefit/expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.02M	USD	1 Quarter
Change in unrealized investment gains/losses, net of tax benefit/expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$13.87M	USD	1 Quarter
Change in unrealized investment gains/losses, net of tax benefit/expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$33.21M	USD	1 Quarter
Change in unrealized investment gains/losses, net of tax benefit/expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$701.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$930.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$751.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$812.38M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$974.89M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.26B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$8.98M	USD	1 Quarter
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.16M	USD	2 Qtrs
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$7.62M	USD	2 Qtrs
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$3.66M	USD	1 Quarter
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-258.00K	USD	2 Qtrs
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-24.00K	USD	1 Quarter
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-63.00K	USD	2 Qtrs
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$149.00K	USD	1 Quarter

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