10-Q Filing

NMI HOLDINGS, INC. CIK: 1547903 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001547903-21-000145`
Period End Date	20210630
Filing Date	20210804
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	nmih-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 104 Cash Flow Statement 86 Stockholders Equity 46

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities, available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$1.95B	USD	Point-in-time
Fixed maturities, available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$1.73B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.16M	USD	Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,954,187 and $1,730,835 as of June 30, 2021 and December 31, 2020, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$1.80B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$5.55M	USD	Point-in-time
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,954,187 and $1,730,835 as of June 30, 2021 and December 31, 2020, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$1.99B	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 $4,159 and $5,555 as of June 30, 2021 and December 31, 2020, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.45M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $4,159 and $5,555 as of June 30, 2021 and December 31, 2020, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.94M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $4,159 and $5,555 as of June 30, 2021 and December 31, 2020, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.08M	USD	Point-in-time
Cash and cash equivalents (including restricted cash of $4,159 and $5,555 as of June 30, 2021 and December 31, 2020, respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$49.78M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	85.70M	shares	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$55.94M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	85.16M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$11.15M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	85.70M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$9.86M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	85.16M	shares	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`	$4.09M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$3.29M	USD	Point-in-time
Deferred policy acquisition costs, net	`DeferredPolicyAcquisitionCosts`	$62.14M	USD	Point-in-time
Deferred policy acquisition costs, net	`DeferredPolicyAcquisitionCosts`	$62.23M	USD	Point-in-time
Software and equipment, net	`PropertyPlantAndEquipmentNet`	$29.66M	USD	Point-in-time
Software and equipment, net	`PropertyPlantAndEquipmentNet`	$31.44M	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`	$3.83M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$6.19M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$19.73M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$17.61M	USD	Point-in-time
Other assets	`OtherAssets`	$51.56M	USD	Point-in-time
Other assets	`OtherAssets`	$53.19M	USD	Point-in-time
Total assets	`Assets`	$2.17B	USD	Point-in-time
Total assets	`Assets`	$2.31B	USD	Point-in-time
Debt	`SecuredDebt`	$393.30M	USD	Point-in-time
Debt	`SecuredDebt`	$393.95M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$142.15M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$118.82M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$61.72M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$56.80M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$90.57M	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`	$23.75M	USD	Point-in-time
Reserve for insurance claims and claim expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$101.23M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$8.65M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$6.90M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$4.41M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$3.38M	USD	Point-in-time
Warrant liability, at fair value	`WarrantsAndRightsOutstanding`	$5.10M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$136.27M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$112.59M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$7.03M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$845.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$797.08M	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; 85,703,487 and 85,163,039 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively (250,000,000 shares authorized)	`CommonStockValueOutstanding`	$852.00K	USD	Point-in-time
Common stock - class A shares, $0.01 par value; 85,703,487 and 85,163,039 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively (250,000,000 shares authorized)	`CommonStockValueOutstanding`	$857.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$937.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$944.12M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$27.50M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$377.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$487.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$930.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.37B	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`	$2.17B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.31B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.00M	USD	1 Quarter
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`	$-7.00M	USD	2 Qtrs
Net unrealized (losses) gains in accumulated other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.16M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$216.77M	USD	2 Qtrs
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$149.00K	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`	$3.00K	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$110.89M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$98.94M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$197.66M	USD	2 Qtrs
Reclassification adjustment for realized losses (gains) included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$3.00K	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$7.07M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$9.38M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$18.20M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$15.17M	USD	2 Qtrs
Net realized investment gains	`GainLossOnInvestments`	$639.00K	USD	2 Qtrs
Net realized investment gains	`GainLossOnInvestments`	$711.00K	USD	1 Quarter
Net realized investment gains	`GainLossOnInvestments`	$12.00K	USD	2 Qtrs
Net realized investment gains	`GainLossOnInvestments`	$12.00K	USD	1 Quarter
Other revenues	`OtherIncome`	$483.00K	USD	1 Quarter
Other revenues	`OtherIncome`	$1.22M	USD	1 Quarter
Other revenues	`OtherIncome`	$984.00K	USD	2 Qtrs
Other revenues	`OtherIncome`	$2.12M	USD	2 Qtrs
Total revenues	`Revenues`	$107.95M	USD	1 Quarter
Total revenues	`Revenues`	$235.96M	USD	2 Qtrs
Total revenues	`Revenues`	$215.60M	USD	2 Qtrs
Total revenues	`Revenues`	$120.77M	USD	1 Quarter
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$4.64M	USD	1 Quarter
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$9.60M	USD	2 Qtrs
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$40.03M	USD	2 Qtrs
Insurance claims and claim expenses	`IncurredClaimsPropertyCasualtyAndLiability`	$34.33M	USD	1 Quarter
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$68.79M	USD	2 Qtrs
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$34.73M	USD	1 Quarter
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$62.65M	USD	2 Qtrs
Underwriting and operating expenses	`OtherCostAndExpenseOperating`	$30.37M	USD	1 Quarter
Service expenses	`OtherNonoperatingExpense`	$481.00K	USD	1 Quarter
Service expenses	`OtherNonoperatingExpense`	$1.82M	USD	2 Qtrs
Service expenses	`OtherNonoperatingExpense`	$1.07M	USD	2 Qtrs
Service expenses	`OtherNonoperatingExpense`	$1.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.84M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.69M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.94M	USD	1 Quarter
(Gain) loss from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$-1.24M	USD	1 Quarter
(Gain) loss from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$658.00K	USD	1 Quarter
(Gain) loss from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$453.00K	USD	2 Qtrs
(Gain) loss from change in fair value of warrant liability	`GainLossonChangeinFairValueofWarrantLiability`	$4.72M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$72.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$94.85M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$47.11M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$108.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$73.66M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$107.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.98M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$141.11M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$30.70M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$22.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$57.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.20	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.27	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.11	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.48M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	73.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.09M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.73M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.82M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.41M	shares	2 Qtrs
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$57.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Unrealized gains (losses) in accumulated other comprehensive gain (loss), net of tax expense (benefit) of $4,995 and $8,978 for the three months ended June 30, 2021 and 2020, and $(7,003) and $5,162 for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$18.79M	USD	1 Quarter
Unrealized gains (losses) in accumulated other comprehensive gain (loss), net of tax expense (benefit) of $4,995 and $8,978 for the three months ended June 30, 2021 and 2020, and $(7,003) and $5,162 for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.34M	USD	2 Qtrs
Unrealized gains (losses) in accumulated other comprehensive gain (loss), net of tax expense (benefit) of $4,995 and $8,978 for the three months ended June 30, 2021 and 2020, and $(7,003) and $5,162 for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$19.42M	USD	2 Qtrs
Unrealized gains (losses) in accumulated other comprehensive gain (loss), net of tax expense (benefit) of $4,995 and $8,978 for the three months ended June 30, 2021 and 2020, and $(7,003) and $5,162 for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$33.77M	USD	1 Quarter
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $3 and $149 for the three months ended June 30, 2021 and 2020, and $3 and ($258) for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$562.00K	USD	1 Quarter
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $3 and $149 for the three months ended June 30, 2021 and 2020, and $3 and ($258) for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$10.00K	USD	2 Qtrs
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $3 and $149 for the three months ended June 30, 2021 and 2020, and $3 and ($258) for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-969.00K	USD	2 Qtrs
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $3 and $149 for the three months ended June 30, 2021 and 2020, and $3 and ($258) for the six months ended June 30, 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$10.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-26.35M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.39M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$33.21M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$18.78M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$76.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.06M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.51M	USD	2 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$57.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Net realized investment gains	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$12.00K	USD	1 Quarter
Net realized investment gains	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$711.00K	USD	1 Quarter
Net realized investment gains	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$12.00K	USD	2 Qtrs
Net realized investment gains	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$639.00K	USD	2 Qtrs
Gain (loss) from change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-453.00K	USD	2 Qtrs
Gain (loss) from change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-4.72M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.34M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.91M	USD	2 Qtrs
Net amortization of premium on investment securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-3.29M	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`	$893.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$30.69M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$22.01M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$6.41M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.27M	USD	2 Qtrs
Premiums receivable	`IncreaseDecreaseInPremiumsReceivable`	$323.00K	USD	2 Qtrs
Premiums receivable	`IncreaseDecreaseInPremiumsReceivable`	$6.16M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.29M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$1.08M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$803.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-96.00K	USD	2 Qtrs
Deferred policy acquisition costs, net	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$-88.00K	USD	2 Qtrs
Deferred policy acquisition costs, net	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$3.65M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-230.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$328.00K	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$-21.41M	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$23.33M	USD	2 Qtrs
Reserve for insurance claims and claim expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$10.67M	USD	2 Qtrs
Reserve for insurance claims and claim expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$46.15M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$2.12M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$9.37M	USD	2 Qtrs
Reinsurance balances, net	`IncreaseDecreaseinReinsuranceAssetsandLiabilities`	$-9.00K	USD	2 Qtrs
Reinsurance balances, net	`IncreaseDecreaseinReinsuranceAssetsandLiabilities`	$-2.66M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.01M	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`	$182.54M	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$8.99M	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`	$286.63M	USD	2 Qtrs
Proceeds from maturity of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	2 Qtrs
Proceeds from maturity of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$85.69M	USD	2 Qtrs
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$61.00M	USD	2 Qtrs
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$297.98M	USD	2 Qtrs
Software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.64M	USD	2 Qtrs
Software and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.05M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-240.68M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.31M	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 public offering, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$220.28M	USD	2 Qtrs
Proceeds from issuance of common stock related to employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.04M	USD	2 Qtrs
Proceeds from issuance of common stock related to employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.39M	USD	2 Qtrs
Proceeds from issuance of common stock related to warrants	`ProceedsFromWarrantExercises`	$183.00K	USD	2 Qtrs
Proceeds from issuance of common stock related to warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.46M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.95M	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`	-	USD	2 Qtrs
Repayments of term loan	`RepaymentsOfSecuredDebt`	$147.75M	USD	2 Qtrs
Payments of debt issuance/modification costs	`PaymentsOfDebtIssuanceCosts`	$7.15M	USD	2 Qtrs
Payments of debt issuance/modification costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-722.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$461.31M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-58.86M	USD	2 Qtrs
Net (decrease) 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`	$126.94M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.08M	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`	$126.94M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.08M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$14.75M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$4.29M	USD	2 Qtrs
Income taxes refunded	`IncomeTaxesPaidNet`	$76.00K	USD	2 Qtrs
Income taxes refunded	`IncomeTaxesPaidNet`	$457.00K	USD	2 Qtrs

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Change in unrealized investment gains/losses, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$4.99M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-8.83M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-12.00M	USD	1 Quarter
Change in unrealized investment gains/losses, tax expense (benefit)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-3.41M	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	8,000.00	shares	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	32,000.00	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`	$1.38B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$930.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.46B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.37B	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 warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	8,000.00	shares	1 Quarter
Common stock: class A shares issued related to warrant exercises (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	32,000.00	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 related to warrant exercises	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$557.00K	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`	$197.00K	USD	1 Quarter
Common stock: class A shares issued related to warrant exercises	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$219.69M	USD	1 Quarter
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$-285.00K	USD	1 Quarter
Common stock: class A shares issued under stock plans, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNetofTaxWithholdings`	$-620.00K	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`	$-321.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.72M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.55M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.38M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.02M	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`	$-45.13M	USD	1 Quarter
Change in unrealized investment gains/losses, net of tax benefit/expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$18.78M	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`	$57.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.27M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$930.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.46B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.37B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$974.89M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.26B	USD	Point-in-time

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