What changed: r3 to r4
Added earned-premium and claims scenarios, revised reinsurance context and a two-facility growth-financing cash bridge.
Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.
| Field | Before | After |
|---|---|---|
| /business/description | Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model. By leveraging technology, data, artificial intelligence, contemporary design, and social impact, we believe we are making insurance more delightful, more affordable, and more precise. To that end, we have built a vertically-integrated company with wholly-owned insurance carriers in the United States and Europe, including the UK, and the full technology stack to power them. A brief chat with our bot, AI Maya, is all it takes to get covered with renters, homeowners, pet, car or life insurance, and we expect to offer a similar experience for other insurance products over time. Claims are filed by chatting with another bot, AI Jim, who pays claims in as little as two seconds. This breezy experience belies the extraordinary technology that enables it: a state-of-the-art platform that spans marketing to underwriting, customer care to claims processing. | Lemonade underwrites insurance and earns net premiums, ceding commissions, investment income and placement fees. Earned premium growth, claims, reinsurance and acquisition costs determine earnings. Insurance working capital and borrowing for customer growth create cash flows that differ from underwriting profit. |
| /business/drivers/0 | A brief chat with our bot, AI Maya, is all it takes to get covered with renters, homeowners, pet, car or life insurance, and we expect to offer a similar. | Earned premium growth and effective reinsurance retention |
| /business/drivers/1 | This breezy experience belies the extraordinary technology that enables it: a state-of-the-art platform that spans marketing to underwriting, customer care to. | Attritional claims, catastrophe exposure and reserve development |
| /business/drivers/2 | Our architecture melds artificial intelligence with the human kind, and learns from the prodigious data it generates to become ever better at delighting. | Customer acquisition spending and growth-financing repayment |
| /estimates/basis | not yet estimated | Desk base scenario from the operating model; not consensus. Revenue basis: Total revenue ($M). |
| /estimates/rows/2026Q3/as_of | None | 2026-09-19 |
| /estimates/rows/2026Q3/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2026Q3/class | None | estimate |
| /estimates/rows/2026Q3/period | None | 2026Q3 |
| /estimates/rows/2026Q3/revenue | None | 324500000.0 |
| /estimates/rows/2026Q4/as_of | None | 2026-09-19 |
| /estimates/rows/2026Q4/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2026Q4/class | None | estimate |
| /estimates/rows/2026Q4/period | None | 2026Q4 |
| /estimates/rows/2026Q4/revenue | None | 340100000.0 |
| /estimates/rows/2027Q1/as_of | None | 2026-09-19 |
| /estimates/rows/2027Q1/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q1/class | None | estimate |
| /estimates/rows/2027Q1/period | None | 2027Q1 |
| /estimates/rows/2027Q1/revenue | None | 362000000.0 |
| /estimates/rows/2027Q2/as_of | None | 2026-09-19 |
| /estimates/rows/2027Q2/basis | None | Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q2/class | None | estimate |
| /estimates/rows/2027Q2/period | None | 2027Q2 |
| /estimates/rows/2027Q2/revenue | None | 389000000.0 |
| /meta/as_of | 2026-09-18 | 2026-09-19 |
| /meta/business_authored | False | True |
| /meta/extract_accession | 0001691421-26-000016 | None |
| /meta/extract_filed | 2026-02-25 | None |
| /meta/extract_form | 10-K | None |
| /meta/extract_source | filing | authored |
| /meta/extract_url | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000016/lmnd-20251231.htm | None |
| /meta/research_reviewed_at | None | 2026-09-19 |
| /meta/research_stage | None | operating_scenarios |
| /meta/revision | 3 | 4 |
| /meta/skeleton | True | False |
| /operating_model/cells/base_2026q3_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2026q3_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/0 | None | base_2026q3_ebitda_add |
| /operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/1 | None | base_2026q3_ebitda_income_remove |
| /operating_model/cells/base_2026q3_adj_ebitda:base/id | None | base_2026q3_adj_ebitda |
| /operating_model/cells/base_2026q3_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2026q3_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2026q3_adj_ebitda:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_adj_ebitda:base/value | None | -21.500000000000007 |
| /operating_model/cells/base_2026q3_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2026q3_attritional_loss:base/id | None | base_2026q3_attritional_loss |
| /operating_model/cells/base_2026q3_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2026q3_attritional_loss:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_attritional_loss:base/value | None | 0.58 |
| /operating_model/cells/base_2026q3_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_bad_debt:base/case | None | base |
| /operating_model/cells/base_2026q3_bad_debt:base/id | None | base_2026q3_bad_debt |
| /operating_model/cells/base_2026q3_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2026q3_bad_debt:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_bad_debt:base/value | None | 6.5 |
| /operating_model/cells/base_2026q3_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_capex:base/case | None | base |
| /operating_model/cells/base_2026q3_capex:base/id | None | base_2026q3_capex |
| /operating_model/cells/base_2026q3_capex:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2026q3_capex:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_capex:base/value | None | 5.0 |
| /operating_model/cells/base_2026q3_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2026q3_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_cash_after_financing:base/formula/refs/0 | None | base_2026q3_fcf |
| /operating_model/cells/base_2026q3_cash_after_financing:base/formula/refs/1 | None | base_2026q3_net_growth_financing |
| /operating_model/cells/base_2026q3_cash_after_financing:base/id | None | base_2026q3_cash_after_financing |
| /operating_model/cells/base_2026q3_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2026q3_cash_after_financing:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_after_financing:base/value | None | 12.643999999999995 |
| /operating_model/cells/base_2026q3_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_cash_tax:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_tax:base/id | None | base_2026q3_cash_tax |
| /operating_model/cells/base_2026q3_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2026q3_cash_tax:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_tax:base/value | None | 1.5 |
| /operating_model/cells/base_2026q3_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_cat_loss:base/case | None | base |
| /operating_model/cells/base_2026q3_cat_loss:base/id | None | base_2026q3_cat_loss |
| /operating_model/cells/base_2026q3_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2026q3_cat_loss:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_cat_loss:base/value | None | 0.035 |
| /operating_model/cells/base_2026q3_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2026q3_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2026q3_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_ceded_premium:base/formula/refs/0 | None | base_2026q3_gross_earned |
| /operating_model/cells/base_2026q3_ceded_premium:base/formula/refs/1 | None | base_2026q3_net_premium |
| /operating_model/cells/base_2026q3_ceded_premium:base/id | None | base_2026q3_ceded_premium |
| /operating_model/cells/base_2026q3_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2026q3_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2026q3_ceded_premium:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ceded_premium:base/value | None | 74.66666666666663 |
| /operating_model/cells/base_2026q3_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2026q3_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2026q3_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_ceding_commission:base/formula/refs/0 | None | base_2026q3_ceded_premium |
| /operating_model/cells/base_2026q3_ceding_commission:base/formula/refs/1 | None | base_2026q3_commission_rate |
| /operating_model/cells/base_2026q3_ceding_commission:base/id | None | base_2026q3_ceding_commission |
| /operating_model/cells/base_2026q3_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2026q3_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2026q3_ceding_commission:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ceding_commission:base/value | None | 18.666666666666657 |
| /operating_model/cells/base_2026q3_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2026q3_cfo:base/case | None | base |
| /operating_model/cells/base_2026q3_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/0 | None | base_2026q3_net_income |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/1 | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/2 | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/3 | None | base_2026q3_bad_debt |
| /operating_model/cells/base_2026q3_cfo:base/formula/refs/4 | None | base_2026q3_insurance_wc |
| /operating_model/cells/base_2026q3_cfo:base/id | None | base_2026q3_cfo |
| /operating_model/cells/base_2026q3_cfo:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2026q3_cfo:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cfo:base/value | None | -12.356000000000005 |
| /operating_model/cells/base_2026q3_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2026q3_claims:base/case | None | base |
| /operating_model/cells/base_2026q3_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_claims:base/formula/refs/0 | None | base_2026q3_net_premium |
| /operating_model/cells/base_2026q3_claims:base/formula/refs/1 | None | base_2026q3_net_loss_ratio |
| /operating_model/cells/base_2026q3_claims:base/id | None | base_2026q3_claims |
| /operating_model/cells/base_2026q3_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q3_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2026q3_claims:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_claims:base/value | None | 186.67000000000004 |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/id | None | base_2026q3_claims_reserve_inflow |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_claims_reserve_inflow:base/value | None | 8.0 |
| /operating_model/cells/base_2026q3_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_commission_rate:base/case | None | base |
| /operating_model/cells/base_2026q3_commission_rate:base/id | None | base_2026q3_commission_rate |
| /operating_model/cells/base_2026q3_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2026q3_commission_rate:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2026q3_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_da:base/case | None | base |
| /operating_model/cells/base_2026q3_da:base/id | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2026q3_da:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_da:base/value | None | 2.8 |
| /operating_model/cells/base_2026q3_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2026q3_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2026q3_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_ebitda_add:base/formula/refs/0 | None | base_2026q3_pretax |
| /operating_model/cells/base_2026q3_ebitda_add:base/formula/refs/1 | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_ebitda_add:base/formula/refs/2 | None | base_2026q3_da |
| /operating_model/cells/base_2026q3_ebitda_add:base/formula/refs/3 | None | base_2026q3_finance_interest |
| /operating_model/cells/base_2026q3_ebitda_add:base/id | None | base_2026q3_ebitda_add |
| /operating_model/cells/base_2026q3_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2026q3_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2026q3_ebitda_add:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ebitda_add:base/value | None | -10.500000000000005 |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/formula/refs/0 | None | base_2026q3_investment_income |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/formula/refs/1 | None | base_2026q3_other_interest |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/id | None | base_2026q3_ebitda_income_remove |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2026q3_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2026q3_fcf:base/case | None | base |
| /operating_model/cells/base_2026q3_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_fcf:base/formula/refs/0 | None | base_2026q3_cfo |
| /operating_model/cells/base_2026q3_fcf:base/formula/refs/1 | None | base_2026q3_capex |
| /operating_model/cells/base_2026q3_fcf:base/id | None | base_2026q3_fcf |
| /operating_model/cells/base_2026q3_fcf:base/kind | None | derived |
| /operating_model/cells/base_2026q3_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2026q3_fcf:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_fcf:base/value | None | -17.356000000000005 |
| /operating_model/cells/base_2026q3_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2026q3_finance_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_finance_interest:base/formula/refs/0 | None | base_2026q3_gc_interest |
| /operating_model/cells/base_2026q3_finance_interest:base/formula/refs/1 | None | base_2026q3_hannover_interest |
| /operating_model/cells/base_2026q3_finance_interest:base/id | None | base_2026q3_finance_interest |
| /operating_model/cells/base_2026q3_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q3_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2026q3_finance_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_finance_interest:base/value | None | 8.856 |
| /operating_model/cells/base_2026q3_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gc_advance:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_advance:base/id | None | base_2026q3_gc_advance |
| /operating_model/cells/base_2026q3_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2026q3_gc_advance:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_advance:base/value | None | 55.0 |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/id | None | base_2026q3_gc_annual_rate |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2026q3_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2026q3_gc_available:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_gc_available:base/formula/refs/0 | None | gc_opening |
| /operating_model/cells/base_2026q3_gc_available:base/formula/refs/1 | None | base_2026q3_gc_advance |
| /operating_model/cells/base_2026q3_gc_available:base/id | None | base_2026q3_gc_available |
| /operating_model/cells/base_2026q3_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2026q3_gc_available:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_available:base/value | None | 261.4 |
| /operating_model/cells/base_2026q3_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2026q3_gc_average:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_gc_average:base/formula/refs/0 | None | base_2026q3_gc_balance_sum |
| /operating_model/cells/base_2026q3_gc_average:base/formula/refs/1 | None | base_2026q3_gc_half |
| /operating_model/cells/base_2026q3_gc_average:base/id | None | base_2026q3_gc_average |
| /operating_model/cells/base_2026q3_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2026q3_gc_average:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_average:base/value | None | 221.39999999999998 |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/formula/refs/0 | None | gc_opening |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/formula/refs/1 | None | base_2026q3_gc_ending |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/id | None | base_2026q3_gc_balance_sum |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_balance_sum:base/value | None | 442.79999999999995 |
| /operating_model/cells/base_2026q3_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2026q3_gc_ending:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_gc_ending:base/formula/refs/0 | None | base_2026q3_gc_available |
| /operating_model/cells/base_2026q3_gc_ending:base/formula/refs/1 | None | base_2026q3_gc_principal |
| /operating_model/cells/base_2026q3_gc_ending:base/id | None | base_2026q3_gc_ending |
| /operating_model/cells/base_2026q3_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2026q3_gc_ending:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_ending:base/value | None | 236.39999999999998 |
| /operating_model/cells/base_2026q3_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gc_half:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_half:base/id | None | base_2026q3_gc_half |
| /operating_model/cells/base_2026q3_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2026q3_gc_half:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2026q3_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2026q3_gc_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_gc_interest:base/formula/refs/0 | None | base_2026q3_gc_average |
| /operating_model/cells/base_2026q3_gc_interest:base/formula/refs/1 | None | base_2026q3_gc_annual_rate |
| /operating_model/cells/base_2026q3_gc_interest:base/formula/refs/2 | None | base_2026q3_gc_quarter |
| /operating_model/cells/base_2026q3_gc_interest:base/id | None | base_2026q3_gc_interest |
| /operating_model/cells/base_2026q3_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2026q3_gc_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_interest:base/value | None | 8.856 |
| /operating_model/cells/base_2026q3_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gc_principal:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_principal:base/id | None | base_2026q3_gc_principal |
| /operating_model/cells/base_2026q3_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2026q3_gc_principal:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gc_principal:base/value | None | 25.0 |
| /operating_model/cells/base_2026q3_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2026q3_gc_quarter:base/id | None | base_2026q3_gc_quarter |
| /operating_model/cells/base_2026q3_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2026q3_gc_quarter:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2026q3_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gp_da:base/case | None | base |
| /operating_model/cells/base_2026q3_gp_da:base/id | None | base_2026q3_gp_da |
| /operating_model/cells/base_2026q3_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2026q3_gp_da:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gp_da:base/value | None | 0.5 |
| /operating_model/cells/base_2026q3_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2026q3_gross_cost:base/case | None | base |
| /operating_model/cells/base_2026q3_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_gross_cost:base/formula/refs/0 | None | base_2026q3_claims |
| /operating_model/cells/base_2026q3_gross_cost:base/formula/refs/1 | None | base_2026q3_other_insurance |
| /operating_model/cells/base_2026q3_gross_cost:base/formula/refs/2 | None | base_2026q3_gp_da |
| /operating_model/cells/base_2026q3_gross_cost:base/id | None | base_2026q3_gross_cost |
| /operating_model/cells/base_2026q3_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2026q3_gross_cost:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gross_cost:base/value | None | 215.77000000000004 |
| /operating_model/cells/base_2026q3_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_gross_earned:base/case | None | base |
| /operating_model/cells/base_2026q3_gross_earned:base/id | None | base_2026q3_gross_earned |
| /operating_model/cells/base_2026q3_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2026q3_gross_earned:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gross_earned:base/value | None | 357.5 |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/formula/refs/0 | None | base_2026q3_attritional_loss |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/formula/refs/1 | None | base_2026q3_cat_loss |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/formula/refs/2 | None | base_2026q3_lae_ratio |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/formula/refs/3 | None | base_2026q3_prior_development |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/id | None | base_2026q3_gross_loss_ratio |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_gross_loss_ratio:base/value | None | 0.65 |
| /operating_model/cells/base_2026q3_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2026q3_gross_profit:base/case | None | base |
| /operating_model/cells/base_2026q3_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_gross_profit:base/formula/refs/0 | None | base_2026q3_revenue |
| /operating_model/cells/base_2026q3_gross_profit:base/formula/refs/1 | None | base_2026q3_gross_cost |
| /operating_model/cells/base_2026q3_gross_profit:base/id | None | base_2026q3_gross_profit |
| /operating_model/cells/base_2026q3_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2026q3_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2026q3_gross_profit:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_gross_profit:base/value | None | 108.72999999999996 |
| /operating_model/cells/base_2026q3_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2026q3_growth_advances:base/case | None | base |
| /operating_model/cells/base_2026q3_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_growth_advances:base/formula/refs/0 | None | base_2026q3_gc_advance |
| /operating_model/cells/base_2026q3_growth_advances:base/formula/refs/1 | None | base_2026q3_hannover_advance |
| /operating_model/cells/base_2026q3_growth_advances:base/id | None | base_2026q3_growth_advances |
| /operating_model/cells/base_2026q3_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2026q3_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2026q3_growth_advances:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_growth_advances:base/value | None | 55.0 |
| /operating_model/cells/base_2026q3_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2026q3_growth_principal:base/case | None | base |
| /operating_model/cells/base_2026q3_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_growth_principal:base/formula/refs/0 | None | base_2026q3_gc_principal |
| /operating_model/cells/base_2026q3_growth_principal:base/formula/refs/1 | None | base_2026q3_hannover_principal |
| /operating_model/cells/base_2026q3_growth_principal:base/id | None | base_2026q3_growth_principal |
| /operating_model/cells/base_2026q3_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2026q3_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2026q3_growth_principal:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_growth_principal:base/value | None | 25.0 |
| /operating_model/cells/base_2026q3_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_advance:base/id | None | base_2026q3_hannover_advance |
| /operating_model/cells/base_2026q3_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2026q3_hannover_advance:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/id | None | base_2026q3_hannover_annual_rate |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2026q3_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2026q3_hannover_available:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_hannover_available:base/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/base_2026q3_hannover_available:base/formula/refs/1 | None | base_2026q3_hannover_advance |
| /operating_model/cells/base_2026q3_hannover_available:base/id | None | base_2026q3_hannover_available |
| /operating_model/cells/base_2026q3_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2026q3_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2026q3_hannover_available:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_available:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2026q3_hannover_average:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_hannover_average:base/formula/refs/0 | None | base_2026q3_hannover_balance_sum |
| /operating_model/cells/base_2026q3_hannover_average:base/formula/refs/1 | None | base_2026q3_hannover_half |
| /operating_model/cells/base_2026q3_hannover_average:base/id | None | base_2026q3_hannover_average |
| /operating_model/cells/base_2026q3_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2026q3_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2026q3_hannover_average:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_average:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/formula/refs/1 | None | base_2026q3_hannover_ending |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/id | None | base_2026q3_hannover_balance_sum |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_balance_sum:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2026q3_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_hannover_ending:base/formula/refs/0 | None | base_2026q3_hannover_available |
| /operating_model/cells/base_2026q3_hannover_ending:base/formula/refs/1 | None | base_2026q3_hannover_principal |
| /operating_model/cells/base_2026q3_hannover_ending:base/id | None | base_2026q3_hannover_ending |
| /operating_model/cells/base_2026q3_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2026q3_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2026q3_hannover_ending:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_ending:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_hannover_half:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_half:base/id | None | base_2026q3_hannover_half |
| /operating_model/cells/base_2026q3_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2026q3_hannover_half:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2026q3_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2026q3_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_hannover_interest:base/formula/refs/0 | None | base_2026q3_hannover_average |
| /operating_model/cells/base_2026q3_hannover_interest:base/formula/refs/1 | None | base_2026q3_hannover_annual_rate |
| /operating_model/cells/base_2026q3_hannover_interest:base/formula/refs/2 | None | base_2026q3_hannover_quarter |
| /operating_model/cells/base_2026q3_hannover_interest:base/id | None | base_2026q3_hannover_interest |
| /operating_model/cells/base_2026q3_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q3_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2026q3_hannover_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_interest:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_principal:base/id | None | base_2026q3_hannover_principal |
| /operating_model/cells/base_2026q3_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2026q3_hannover_principal:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_hannover_principal:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2026q3_hannover_quarter:base/id | None | base_2026q3_hannover_quarter |
| /operating_model/cells/base_2026q3_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2026q3_hannover_quarter:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/id | None | base_2026q3_insurance_cost_ratio |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2026q3_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2026q3_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2026q3_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_insurance_inflows:base/formula/refs/0 | None | base_2026q3_unearned_inflow |
| /operating_model/cells/base_2026q3_insurance_inflows:base/formula/refs/1 | None | base_2026q3_claims_reserve_inflow |
| /operating_model/cells/base_2026q3_insurance_inflows:base/id | None | base_2026q3_insurance_inflows |
| /operating_model/cells/base_2026q3_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2026q3_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2026q3_insurance_inflows:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_insurance_inflows:base/value | None | 70.0 |
| /operating_model/cells/base_2026q3_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2026q3_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2026q3_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_insurance_uses:base/formula/refs/0 | None | base_2026q3_premium_receivables |
| /operating_model/cells/base_2026q3_insurance_uses:base/formula/refs/1 | None | base_2026q3_reinsurance_other |
| /operating_model/cells/base_2026q3_insurance_uses:base/id | None | base_2026q3_insurance_uses |
| /operating_model/cells/base_2026q3_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2026q3_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2026q3_insurance_uses:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_insurance_uses:base/value | None | 68.0 |
| /operating_model/cells/base_2026q3_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2026q3_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2026q3_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_insurance_wc:base/formula/refs/0 | None | base_2026q3_insurance_inflows |
| /operating_model/cells/base_2026q3_insurance_wc:base/formula/refs/1 | None | base_2026q3_insurance_uses |
| /operating_model/cells/base_2026q3_insurance_wc:base/id | None | base_2026q3_insurance_wc |
| /operating_model/cells/base_2026q3_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2026q3_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2026q3_insurance_wc:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2026q3_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_investment_income:base/case | None | base |
| /operating_model/cells/base_2026q3_investment_income:base/id | None | base_2026q3_investment_income |
| /operating_model/cells/base_2026q3_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2026q3_investment_income:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2026q3_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2026q3_lae_ratio:base/id | None | base_2026q3_lae_ratio |
| /operating_model/cells/base_2026q3_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2026q3_lae_ratio:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2026q3_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2026q3_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2026q3_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_net_growth_financing:base/formula/refs/0 | None | base_2026q3_growth_advances |
| /operating_model/cells/base_2026q3_net_growth_financing:base/formula/refs/1 | None | base_2026q3_growth_principal |
| /operating_model/cells/base_2026q3_net_growth_financing:base/id | None | base_2026q3_net_growth_financing |
| /operating_model/cells/base_2026q3_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2026q3_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2026q3_net_growth_financing:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_net_growth_financing:base/value | None | 30.0 |
| /operating_model/cells/base_2026q3_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2026q3_net_income:base/case | None | base |
| /operating_model/cells/base_2026q3_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_net_income:base/formula/refs/0 | None | base_2026q3_pretax |
| /operating_model/cells/base_2026q3_net_income:base/formula/refs/1 | None | base_2026q3_cash_tax |
| /operating_model/cells/base_2026q3_net_income:base/id | None | base_2026q3_net_income |
| /operating_model/cells/base_2026q3_net_income:base/kind | None | derived |
| /operating_model/cells/base_2026q3_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2026q3_net_income:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_net_income:base/value | None | -47.656000000000006 |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/formula/refs/0 | None | base_2026q3_gross_loss_ratio |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/formula/refs/1 | None | base_2026q3_net_reinsurance_basis |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/id | None | base_2026q3_net_loss_ratio |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_net_loss_ratio:base/value | None | 0.66 |
| /operating_model/cells/base_2026q3_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2026q3_net_premium:base/case | None | base |
| /operating_model/cells/base_2026q3_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_net_premium:base/formula/refs/0 | None | base_2026q3_gross_earned |
| /operating_model/cells/base_2026q3_net_premium:base/formula/refs/1 | None | base_2026q3_retention |
| /operating_model/cells/base_2026q3_net_premium:base/id | None | base_2026q3_net_premium |
| /operating_model/cells/base_2026q3_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2026q3_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2026q3_net_premium:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_net_premium:base/value | None | 282.83333333333337 |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/id | None | base_2026q3_net_reinsurance_basis |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2026q3_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2026q3_operating_expense:base/case | None | base |
| /operating_model/cells/base_2026q3_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_operating_expense:base/formula/refs/0 | None | base_2026q3_ordinary_opex |
| /operating_model/cells/base_2026q3_operating_expense:base/formula/refs/1 | None | base_2026q3_finance_interest |
| /operating_model/cells/base_2026q3_operating_expense:base/id | None | base_2026q3_operating_expense |
| /operating_model/cells/base_2026q3_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2026q3_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2026q3_operating_expense:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_operating_expense:base/value | None | 155.38599999999997 |
| /operating_model/cells/base_2026q3_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2026q3_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2026q3_ordinary_opex:base/id | None | base_2026q3_ordinary_opex |
| /operating_model/cells/base_2026q3_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2026q3_ordinary_opex:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_ordinary_opex:base/value | None | 146.52999999999997 |
| /operating_model/cells/base_2026q3_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2026q3_other_insurance:base/case | None | base |
| /operating_model/cells/base_2026q3_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_other_insurance:base/formula/refs/0 | None | base_2026q3_gross_earned |
| /operating_model/cells/base_2026q3_other_insurance:base/formula/refs/1 | None | base_2026q3_insurance_cost_ratio |
| /operating_model/cells/base_2026q3_other_insurance:base/id | None | base_2026q3_other_insurance |
| /operating_model/cells/base_2026q3_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2026q3_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2026q3_other_insurance:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_other_insurance:base/value | None | 28.6 |
| /operating_model/cells/base_2026q3_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_other_interest:base/case | None | base |
| /operating_model/cells/base_2026q3_other_interest:base/id | None | base_2026q3_other_interest |
| /operating_model/cells/base_2026q3_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2026q3_other_interest:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2026q3_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_other_revenue:base/case | None | base |
| /operating_model/cells/base_2026q3_other_revenue:base/id | None | base_2026q3_other_revenue |
| /operating_model/cells/base_2026q3_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2026q3_other_revenue:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_other_revenue:base/value | None | 13.0 |
| /operating_model/cells/base_2026q3_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2026q3_premium_receivables:base/id | None | base_2026q3_premium_receivables |
| /operating_model/cells/base_2026q3_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2026q3_premium_receivables:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_premium_receivables:base/value | None | 60.0 |
| /operating_model/cells/base_2026q3_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2026q3_pretax:base/case | None | base |
| /operating_model/cells/base_2026q3_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_pretax:base/formula/refs/0 | None | base_2026q3_revenue |
| /operating_model/cells/base_2026q3_pretax:base/formula/refs/1 | None | base_2026q3_total_cost |
| /operating_model/cells/base_2026q3_pretax:base/id | None | base_2026q3_pretax |
| /operating_model/cells/base_2026q3_pretax:base/kind | None | derived |
| /operating_model/cells/base_2026q3_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2026q3_pretax:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_pretax:base/value | None | -46.156000000000006 |
| /operating_model/cells/base_2026q3_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_prior_development:base/case | None | base |
| /operating_model/cells/base_2026q3_prior_development:base/id | None | base_2026q3_prior_development |
| /operating_model/cells/base_2026q3_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2026q3_prior_development:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_prior_development:base/value | None | -0.015 |
| /operating_model/cells/base_2026q3_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2026q3_reinsurance_other:base/id | None | base_2026q3_reinsurance_other |
| /operating_model/cells/base_2026q3_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2026q3_reinsurance_other:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_reinsurance_other:base/value | None | 8.0 |
| /operating_model/cells/base_2026q3_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2026q3_retention:base/case | None | base |
| /operating_model/cells/base_2026q3_retention:base/id | None | base_2026q3_retention |
| /operating_model/cells/base_2026q3_retention:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2026q3_retention:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_retention:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_retention:base/value | None | 0.7911421911421912 |
| /operating_model/cells/base_2026q3_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2026q3_revenue:base/case | None | base |
| /operating_model/cells/base_2026q3_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/0 | None | base_2026q3_net_premium |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/1 | None | base_2026q3_ceding_commission |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/2 | None | base_2026q3_investment_income |
| /operating_model/cells/base_2026q3_revenue:base/formula/refs/3 | None | base_2026q3_other_revenue |
| /operating_model/cells/base_2026q3_revenue:base/id | None | base_2026q3_revenue |
| /operating_model/cells/base_2026q3_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q3_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2026q3_revenue:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_revenue:base/value | None | 324.5 |
| /operating_model/cells/base_2026q3_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_sbc:base/case | None | base |
| /operating_model/cells/base_2026q3_sbc:base/id | None | base_2026q3_sbc |
| /operating_model/cells/base_2026q3_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2026q3_sbc:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_sbc:base/value | None | 24.0 |
| /operating_model/cells/base_2026q3_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2026q3_total_cost:base/case | None | base |
| /operating_model/cells/base_2026q3_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_total_cost:base/formula/refs/0 | None | base_2026q3_claims |
| /operating_model/cells/base_2026q3_total_cost:base/formula/refs/1 | None | base_2026q3_other_insurance |
| /operating_model/cells/base_2026q3_total_cost:base/formula/refs/2 | None | base_2026q3_operating_expense |
| /operating_model/cells/base_2026q3_total_cost:base/id | None | base_2026q3_total_cost |
| /operating_model/cells/base_2026q3_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q3_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2026q3_total_cost:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_total_cost:base/value | None | 370.656 |
| /operating_model/cells/base_2026q3_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q3_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2026q3_unearned_inflow:base/id | None | base_2026q3_unearned_inflow |
| /operating_model/cells/base_2026q3_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2026q3_unearned_inflow:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_unearned_inflow:base/value | None | 62.0 |
| /operating_model/cells/base_2026q4_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2026q4_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/0 | None | base_2026q4_ebitda_add |
| /operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/1 | None | base_2026q4_ebitda_income_remove |
| /operating_model/cells/base_2026q4_adj_ebitda:base/id | None | base_2026q4_adj_ebitda |
| /operating_model/cells/base_2026q4_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2026q4_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2026q4_adj_ebitda:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_adj_ebitda:base/value | None | 8.299999999999983 |
| /operating_model/cells/base_2026q4_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2026q4_attritional_loss:base/id | None | base_2026q4_attritional_loss |
| /operating_model/cells/base_2026q4_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2026q4_attritional_loss:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_attritional_loss:base/value | None | 0.575 |
| /operating_model/cells/base_2026q4_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_bad_debt:base/case | None | base |
| /operating_model/cells/base_2026q4_bad_debt:base/id | None | base_2026q4_bad_debt |
| /operating_model/cells/base_2026q4_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2026q4_bad_debt:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_bad_debt:base/value | None | 7.0 |
| /operating_model/cells/base_2026q4_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_capex:base/case | None | base |
| /operating_model/cells/base_2026q4_capex:base/id | None | base_2026q4_capex |
| /operating_model/cells/base_2026q4_capex:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2026q4_capex:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_capex:base/value | None | 5.5 |
| /operating_model/cells/base_2026q4_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2026q4_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_cash_after_financing:base/formula/refs/0 | None | base_2026q4_fcf |
| /operating_model/cells/base_2026q4_cash_after_financing:base/formula/refs/1 | None | base_2026q4_net_growth_financing |
| /operating_model/cells/base_2026q4_cash_after_financing:base/id | None | base_2026q4_cash_after_financing |
| /operating_model/cells/base_2026q4_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2026q4_cash_after_financing:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_after_financing:base/value | None | 36.143999999999984 |
| /operating_model/cells/base_2026q4_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_cash_tax:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_tax:base/id | None | base_2026q4_cash_tax |
| /operating_model/cells/base_2026q4_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2026q4_cash_tax:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_tax:base/value | None | 1.7 |
| /operating_model/cells/base_2026q4_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_cat_loss:base/case | None | base |
| /operating_model/cells/base_2026q4_cat_loss:base/id | None | base_2026q4_cat_loss |
| /operating_model/cells/base_2026q4_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2026q4_cat_loss:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_cat_loss:base/value | None | 0.025 |
| /operating_model/cells/base_2026q4_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2026q4_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2026q4_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_ceded_premium:base/formula/refs/0 | None | base_2026q4_gross_earned |
| /operating_model/cells/base_2026q4_ceded_premium:base/formula/refs/1 | None | base_2026q4_net_premium |
| /operating_model/cells/base_2026q4_ceded_premium:base/id | None | base_2026q4_ceded_premium |
| /operating_model/cells/base_2026q4_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2026q4_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2026q4_ceded_premium:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ceded_premium:base/value | None | 85.0666666666666 |
| /operating_model/cells/base_2026q4_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2026q4_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2026q4_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_ceding_commission:base/formula/refs/0 | None | base_2026q4_ceded_premium |
| /operating_model/cells/base_2026q4_ceding_commission:base/formula/refs/1 | None | base_2026q4_commission_rate |
| /operating_model/cells/base_2026q4_ceding_commission:base/id | None | base_2026q4_ceding_commission |
| /operating_model/cells/base_2026q4_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2026q4_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2026q4_ceding_commission:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ceding_commission:base/value | None | 21.26666666666665 |
| /operating_model/cells/base_2026q4_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2026q4_cfo:base/case | None | base |
| /operating_model/cells/base_2026q4_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/0 | None | base_2026q4_net_income |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/1 | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/2 | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/3 | None | base_2026q4_bad_debt |
| /operating_model/cells/base_2026q4_cfo:base/formula/refs/4 | None | base_2026q4_insurance_wc |
| /operating_model/cells/base_2026q4_cfo:base/id | None | base_2026q4_cfo |
| /operating_model/cells/base_2026q4_cfo:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2026q4_cfo:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cfo:base/value | None | 16.643999999999984 |
| /operating_model/cells/base_2026q4_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2026q4_claims:base/case | None | base |
| /operating_model/cells/base_2026q4_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_claims:base/formula/refs/0 | None | base_2026q4_net_premium |
| /operating_model/cells/base_2026q4_claims:base/formula/refs/1 | None | base_2026q4_net_loss_ratio |
| /operating_model/cells/base_2026q4_claims:base/id | None | base_2026q4_claims |
| /operating_model/cells/base_2026q4_claims:base/kind | None | derived |
| /operating_model/cells/base_2026q4_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2026q4_claims:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_claims:base/value | None | 191.6416666666667 |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/id | None | base_2026q4_claims_reserve_inflow |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_claims_reserve_inflow:base/value | None | 9.0 |
| /operating_model/cells/base_2026q4_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_commission_rate:base/case | None | base |
| /operating_model/cells/base_2026q4_commission_rate:base/id | None | base_2026q4_commission_rate |
| /operating_model/cells/base_2026q4_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2026q4_commission_rate:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2026q4_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_da:base/case | None | base |
| /operating_model/cells/base_2026q4_da:base/id | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2026q4_da:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_da:base/value | None | 3.0 |
| /operating_model/cells/base_2026q4_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2026q4_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2026q4_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_ebitda_add:base/formula/refs/0 | None | base_2026q4_pretax |
| /operating_model/cells/base_2026q4_ebitda_add:base/formula/refs/1 | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_ebitda_add:base/formula/refs/2 | None | base_2026q4_da |
| /operating_model/cells/base_2026q4_ebitda_add:base/formula/refs/3 | None | base_2026q4_finance_interest |
| /operating_model/cells/base_2026q4_ebitda_add:base/id | None | base_2026q4_ebitda_add |
| /operating_model/cells/base_2026q4_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2026q4_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2026q4_ebitda_add:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ebitda_add:base/value | None | 19.299999999999983 |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/formula/refs/0 | None | base_2026q4_investment_income |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/formula/refs/1 | None | base_2026q4_other_interest |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/id | None | base_2026q4_ebitda_income_remove |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2026q4_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2026q4_fcf:base/case | None | base |
| /operating_model/cells/base_2026q4_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_fcf:base/formula/refs/0 | None | base_2026q4_cfo |
| /operating_model/cells/base_2026q4_fcf:base/formula/refs/1 | None | base_2026q4_capex |
| /operating_model/cells/base_2026q4_fcf:base/id | None | base_2026q4_fcf |
| /operating_model/cells/base_2026q4_fcf:base/kind | None | derived |
| /operating_model/cells/base_2026q4_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2026q4_fcf:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_fcf:base/value | None | 11.143999999999984 |
| /operating_model/cells/base_2026q4_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2026q4_finance_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_finance_interest:base/formula/refs/0 | None | base_2026q4_gc_interest |
| /operating_model/cells/base_2026q4_finance_interest:base/formula/refs/1 | None | base_2026q4_hannover_interest |
| /operating_model/cells/base_2026q4_finance_interest:base/id | None | base_2026q4_finance_interest |
| /operating_model/cells/base_2026q4_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q4_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2026q4_finance_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_finance_interest:base/value | None | 9.956 |
| /operating_model/cells/base_2026q4_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gc_advance:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_advance:base/id | None | base_2026q4_gc_advance |
| /operating_model/cells/base_2026q4_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2026q4_gc_advance:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_advance:base/value | None | 55.0 |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/id | None | base_2026q4_gc_annual_rate |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2026q4_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2026q4_gc_available:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_gc_available:base/formula/refs/0 | None | base_2026q3_gc_ending |
| /operating_model/cells/base_2026q4_gc_available:base/formula/refs/1 | None | base_2026q4_gc_advance |
| /operating_model/cells/base_2026q4_gc_available:base/id | None | base_2026q4_gc_available |
| /operating_model/cells/base_2026q4_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2026q4_gc_available:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_available:base/value | None | 291.4 |
| /operating_model/cells/base_2026q4_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2026q4_gc_average:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_gc_average:base/formula/refs/0 | None | base_2026q4_gc_balance_sum |
| /operating_model/cells/base_2026q4_gc_average:base/formula/refs/1 | None | base_2026q4_gc_half |
| /operating_model/cells/base_2026q4_gc_average:base/id | None | base_2026q4_gc_average |
| /operating_model/cells/base_2026q4_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2026q4_gc_average:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_average:base/value | None | 248.89999999999998 |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/formula/refs/0 | None | base_2026q3_gc_ending |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/formula/refs/1 | None | base_2026q4_gc_ending |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/id | None | base_2026q4_gc_balance_sum |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_balance_sum:base/value | None | 497.79999999999995 |
| /operating_model/cells/base_2026q4_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2026q4_gc_ending:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_gc_ending:base/formula/refs/0 | None | base_2026q4_gc_available |
| /operating_model/cells/base_2026q4_gc_ending:base/formula/refs/1 | None | base_2026q4_gc_principal |
| /operating_model/cells/base_2026q4_gc_ending:base/id | None | base_2026q4_gc_ending |
| /operating_model/cells/base_2026q4_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2026q4_gc_ending:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_ending:base/value | None | 261.4 |
| /operating_model/cells/base_2026q4_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gc_half:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_half:base/id | None | base_2026q4_gc_half |
| /operating_model/cells/base_2026q4_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2026q4_gc_half:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2026q4_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2026q4_gc_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_gc_interest:base/formula/refs/0 | None | base_2026q4_gc_average |
| /operating_model/cells/base_2026q4_gc_interest:base/formula/refs/1 | None | base_2026q4_gc_annual_rate |
| /operating_model/cells/base_2026q4_gc_interest:base/formula/refs/2 | None | base_2026q4_gc_quarter |
| /operating_model/cells/base_2026q4_gc_interest:base/id | None | base_2026q4_gc_interest |
| /operating_model/cells/base_2026q4_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2026q4_gc_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_interest:base/value | None | 9.956 |
| /operating_model/cells/base_2026q4_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gc_principal:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_principal:base/id | None | base_2026q4_gc_principal |
| /operating_model/cells/base_2026q4_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2026q4_gc_principal:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gc_principal:base/value | None | 30.0 |
| /operating_model/cells/base_2026q4_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2026q4_gc_quarter:base/id | None | base_2026q4_gc_quarter |
| /operating_model/cells/base_2026q4_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2026q4_gc_quarter:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2026q4_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gp_da:base/case | None | base |
| /operating_model/cells/base_2026q4_gp_da:base/id | None | base_2026q4_gp_da |
| /operating_model/cells/base_2026q4_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2026q4_gp_da:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gp_da:base/value | None | 0.55 |
| /operating_model/cells/base_2026q4_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2026q4_gross_cost:base/case | None | base |
| /operating_model/cells/base_2026q4_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_gross_cost:base/formula/refs/0 | None | base_2026q4_claims |
| /operating_model/cells/base_2026q4_gross_cost:base/formula/refs/1 | None | base_2026q4_other_insurance |
| /operating_model/cells/base_2026q4_gross_cost:base/formula/refs/2 | None | base_2026q4_gp_da |
| /operating_model/cells/base_2026q4_gross_cost:base/id | None | base_2026q4_gross_cost |
| /operating_model/cells/base_2026q4_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2026q4_gross_cost:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gross_cost:base/value | None | 222.58366666666672 |
| /operating_model/cells/base_2026q4_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_gross_earned:base/case | None | base |
| /operating_model/cells/base_2026q4_gross_earned:base/id | None | base_2026q4_gross_earned |
| /operating_model/cells/base_2026q4_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2026q4_gross_earned:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gross_earned:base/value | None | 379.9 |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/formula/refs/0 | None | base_2026q4_attritional_loss |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/formula/refs/1 | None | base_2026q4_cat_loss |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/formula/refs/2 | None | base_2026q4_lae_ratio |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/formula/refs/3 | None | base_2026q4_prior_development |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/id | None | base_2026q4_gross_loss_ratio |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_gross_loss_ratio:base/value | None | 0.64 |
| /operating_model/cells/base_2026q4_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2026q4_gross_profit:base/case | None | base |
| /operating_model/cells/base_2026q4_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_gross_profit:base/formula/refs/0 | None | base_2026q4_revenue |
| /operating_model/cells/base_2026q4_gross_profit:base/formula/refs/1 | None | base_2026q4_gross_cost |
| /operating_model/cells/base_2026q4_gross_profit:base/id | None | base_2026q4_gross_profit |
| /operating_model/cells/base_2026q4_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2026q4_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2026q4_gross_profit:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_gross_profit:base/value | None | 117.51633333333331 |
| /operating_model/cells/base_2026q4_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2026q4_growth_advances:base/case | None | base |
| /operating_model/cells/base_2026q4_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_growth_advances:base/formula/refs/0 | None | base_2026q4_gc_advance |
| /operating_model/cells/base_2026q4_growth_advances:base/formula/refs/1 | None | base_2026q4_hannover_advance |
| /operating_model/cells/base_2026q4_growth_advances:base/id | None | base_2026q4_growth_advances |
| /operating_model/cells/base_2026q4_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2026q4_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2026q4_growth_advances:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_growth_advances:base/value | None | 55.0 |
| /operating_model/cells/base_2026q4_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2026q4_growth_principal:base/case | None | base |
| /operating_model/cells/base_2026q4_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_growth_principal:base/formula/refs/0 | None | base_2026q4_gc_principal |
| /operating_model/cells/base_2026q4_growth_principal:base/formula/refs/1 | None | base_2026q4_hannover_principal |
| /operating_model/cells/base_2026q4_growth_principal:base/id | None | base_2026q4_growth_principal |
| /operating_model/cells/base_2026q4_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2026q4_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2026q4_growth_principal:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_growth_principal:base/value | None | 30.0 |
| /operating_model/cells/base_2026q4_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_advance:base/id | None | base_2026q4_hannover_advance |
| /operating_model/cells/base_2026q4_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2026q4_hannover_advance:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/id | None | base_2026q4_hannover_annual_rate |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2026q4_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2026q4_hannover_available:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_hannover_available:base/formula/refs/0 | None | base_2026q3_hannover_ending |
| /operating_model/cells/base_2026q4_hannover_available:base/formula/refs/1 | None | base_2026q4_hannover_advance |
| /operating_model/cells/base_2026q4_hannover_available:base/id | None | base_2026q4_hannover_available |
| /operating_model/cells/base_2026q4_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2026q4_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2026q4_hannover_available:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_available:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2026q4_hannover_average:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_hannover_average:base/formula/refs/0 | None | base_2026q4_hannover_balance_sum |
| /operating_model/cells/base_2026q4_hannover_average:base/formula/refs/1 | None | base_2026q4_hannover_half |
| /operating_model/cells/base_2026q4_hannover_average:base/id | None | base_2026q4_hannover_average |
| /operating_model/cells/base_2026q4_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2026q4_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2026q4_hannover_average:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_average:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/formula/refs/0 | None | base_2026q3_hannover_ending |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/formula/refs/1 | None | base_2026q4_hannover_ending |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/id | None | base_2026q4_hannover_balance_sum |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_balance_sum:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2026q4_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_hannover_ending:base/formula/refs/0 | None | base_2026q4_hannover_available |
| /operating_model/cells/base_2026q4_hannover_ending:base/formula/refs/1 | None | base_2026q4_hannover_principal |
| /operating_model/cells/base_2026q4_hannover_ending:base/id | None | base_2026q4_hannover_ending |
| /operating_model/cells/base_2026q4_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2026q4_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2026q4_hannover_ending:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_ending:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_hannover_half:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_half:base/id | None | base_2026q4_hannover_half |
| /operating_model/cells/base_2026q4_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2026q4_hannover_half:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2026q4_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2026q4_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_hannover_interest:base/formula/refs/0 | None | base_2026q4_hannover_average |
| /operating_model/cells/base_2026q4_hannover_interest:base/formula/refs/1 | None | base_2026q4_hannover_annual_rate |
| /operating_model/cells/base_2026q4_hannover_interest:base/formula/refs/2 | None | base_2026q4_hannover_quarter |
| /operating_model/cells/base_2026q4_hannover_interest:base/id | None | base_2026q4_hannover_interest |
| /operating_model/cells/base_2026q4_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2026q4_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2026q4_hannover_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_interest:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_principal:base/id | None | base_2026q4_hannover_principal |
| /operating_model/cells/base_2026q4_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2026q4_hannover_principal:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_hannover_principal:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2026q4_hannover_quarter:base/id | None | base_2026q4_hannover_quarter |
| /operating_model/cells/base_2026q4_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2026q4_hannover_quarter:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/id | None | base_2026q4_insurance_cost_ratio |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2026q4_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2026q4_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2026q4_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_insurance_inflows:base/formula/refs/0 | None | base_2026q4_unearned_inflow |
| /operating_model/cells/base_2026q4_insurance_inflows:base/formula/refs/1 | None | base_2026q4_claims_reserve_inflow |
| /operating_model/cells/base_2026q4_insurance_inflows:base/id | None | base_2026q4_insurance_inflows |
| /operating_model/cells/base_2026q4_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2026q4_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2026q4_insurance_inflows:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_insurance_inflows:base/value | None | 78.0 |
| /operating_model/cells/base_2026q4_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2026q4_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2026q4_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_insurance_uses:base/formula/refs/0 | None | base_2026q4_premium_receivables |
| /operating_model/cells/base_2026q4_insurance_uses:base/formula/refs/1 | None | base_2026q4_reinsurance_other |
| /operating_model/cells/base_2026q4_insurance_uses:base/id | None | base_2026q4_insurance_uses |
| /operating_model/cells/base_2026q4_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2026q4_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2026q4_insurance_uses:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_insurance_uses:base/value | None | 76.0 |
| /operating_model/cells/base_2026q4_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2026q4_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2026q4_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_insurance_wc:base/formula/refs/0 | None | base_2026q4_insurance_inflows |
| /operating_model/cells/base_2026q4_insurance_wc:base/formula/refs/1 | None | base_2026q4_insurance_uses |
| /operating_model/cells/base_2026q4_insurance_wc:base/id | None | base_2026q4_insurance_wc |
| /operating_model/cells/base_2026q4_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2026q4_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2026q4_insurance_wc:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2026q4_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_investment_income:base/case | None | base |
| /operating_model/cells/base_2026q4_investment_income:base/id | None | base_2026q4_investment_income |
| /operating_model/cells/base_2026q4_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2026q4_investment_income:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2026q4_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2026q4_lae_ratio:base/id | None | base_2026q4_lae_ratio |
| /operating_model/cells/base_2026q4_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2026q4_lae_ratio:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2026q4_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2026q4_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2026q4_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_net_growth_financing:base/formula/refs/0 | None | base_2026q4_growth_advances |
| /operating_model/cells/base_2026q4_net_growth_financing:base/formula/refs/1 | None | base_2026q4_growth_principal |
| /operating_model/cells/base_2026q4_net_growth_financing:base/id | None | base_2026q4_net_growth_financing |
| /operating_model/cells/base_2026q4_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2026q4_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2026q4_net_growth_financing:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_net_growth_financing:base/value | None | 25.0 |
| /operating_model/cells/base_2026q4_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2026q4_net_income:base/case | None | base |
| /operating_model/cells/base_2026q4_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_net_income:base/formula/refs/0 | None | base_2026q4_pretax |
| /operating_model/cells/base_2026q4_net_income:base/formula/refs/1 | None | base_2026q4_cash_tax |
| /operating_model/cells/base_2026q4_net_income:base/id | None | base_2026q4_net_income |
| /operating_model/cells/base_2026q4_net_income:base/kind | None | derived |
| /operating_model/cells/base_2026q4_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2026q4_net_income:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_net_income:base/value | None | -20.656000000000017 |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/formula/refs/0 | None | base_2026q4_gross_loss_ratio |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/formula/refs/1 | None | base_2026q4_net_reinsurance_basis |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/id | None | base_2026q4_net_loss_ratio |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_net_loss_ratio:base/value | None | 0.65 |
| /operating_model/cells/base_2026q4_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2026q4_net_premium:base/case | None | base |
| /operating_model/cells/base_2026q4_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_net_premium:base/formula/refs/0 | None | base_2026q4_gross_earned |
| /operating_model/cells/base_2026q4_net_premium:base/formula/refs/1 | None | base_2026q4_retention |
| /operating_model/cells/base_2026q4_net_premium:base/id | None | base_2026q4_net_premium |
| /operating_model/cells/base_2026q4_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2026q4_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2026q4_net_premium:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_net_premium:base/value | None | 294.83333333333337 |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/id | None | base_2026q4_net_reinsurance_basis |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2026q4_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2026q4_operating_expense:base/case | None | base |
| /operating_model/cells/base_2026q4_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_operating_expense:base/formula/refs/0 | None | base_2026q4_ordinary_opex |
| /operating_model/cells/base_2026q4_operating_expense:base/formula/refs/1 | None | base_2026q4_finance_interest |
| /operating_model/cells/base_2026q4_operating_expense:base/id | None | base_2026q4_operating_expense |
| /operating_model/cells/base_2026q4_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2026q4_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2026q4_operating_expense:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_operating_expense:base/value | None | 137.02233333333334 |
| /operating_model/cells/base_2026q4_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2026q4_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2026q4_ordinary_opex:base/id | None | base_2026q4_ordinary_opex |
| /operating_model/cells/base_2026q4_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2026q4_ordinary_opex:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_ordinary_opex:base/value | None | 127.06633333333333 |
| /operating_model/cells/base_2026q4_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2026q4_other_insurance:base/case | None | base |
| /operating_model/cells/base_2026q4_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_other_insurance:base/formula/refs/0 | None | base_2026q4_gross_earned |
| /operating_model/cells/base_2026q4_other_insurance:base/formula/refs/1 | None | base_2026q4_insurance_cost_ratio |
| /operating_model/cells/base_2026q4_other_insurance:base/id | None | base_2026q4_other_insurance |
| /operating_model/cells/base_2026q4_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2026q4_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2026q4_other_insurance:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_other_insurance:base/value | None | 30.392 |
| /operating_model/cells/base_2026q4_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_other_interest:base/case | None | base |
| /operating_model/cells/base_2026q4_other_interest:base/id | None | base_2026q4_other_interest |
| /operating_model/cells/base_2026q4_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2026q4_other_interest:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2026q4_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_other_revenue:base/case | None | base |
| /operating_model/cells/base_2026q4_other_revenue:base/id | None | base_2026q4_other_revenue |
| /operating_model/cells/base_2026q4_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2026q4_other_revenue:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_other_revenue:base/value | None | 14.0 |
| /operating_model/cells/base_2026q4_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2026q4_premium_receivables:base/id | None | base_2026q4_premium_receivables |
| /operating_model/cells/base_2026q4_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2026q4_premium_receivables:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_premium_receivables:base/value | None | 67.0 |
| /operating_model/cells/base_2026q4_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2026q4_pretax:base/case | None | base |
| /operating_model/cells/base_2026q4_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_pretax:base/formula/refs/0 | None | base_2026q4_revenue |
| /operating_model/cells/base_2026q4_pretax:base/formula/refs/1 | None | base_2026q4_total_cost |
| /operating_model/cells/base_2026q4_pretax:base/id | None | base_2026q4_pretax |
| /operating_model/cells/base_2026q4_pretax:base/kind | None | derived |
| /operating_model/cells/base_2026q4_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2026q4_pretax:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_pretax:base/value | None | -18.956000000000017 |
| /operating_model/cells/base_2026q4_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_prior_development:base/case | None | base |
| /operating_model/cells/base_2026q4_prior_development:base/id | None | base_2026q4_prior_development |
| /operating_model/cells/base_2026q4_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2026q4_prior_development:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_prior_development:base/value | None | -0.01 |
| /operating_model/cells/base_2026q4_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2026q4_reinsurance_other:base/id | None | base_2026q4_reinsurance_other |
| /operating_model/cells/base_2026q4_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2026q4_reinsurance_other:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_reinsurance_other:base/value | None | 9.0 |
| /operating_model/cells/base_2026q4_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2026q4_retention:base/case | None | base |
| /operating_model/cells/base_2026q4_retention:base/id | None | base_2026q4_retention |
| /operating_model/cells/base_2026q4_retention:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2026q4_retention:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_retention:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_retention:base/value | None | 0.776081424936387 |
| /operating_model/cells/base_2026q4_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2026q4_revenue:base/case | None | base |
| /operating_model/cells/base_2026q4_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/0 | None | base_2026q4_net_premium |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/1 | None | base_2026q4_ceding_commission |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/2 | None | base_2026q4_investment_income |
| /operating_model/cells/base_2026q4_revenue:base/formula/refs/3 | None | base_2026q4_other_revenue |
| /operating_model/cells/base_2026q4_revenue:base/id | None | base_2026q4_revenue |
| /operating_model/cells/base_2026q4_revenue:base/kind | None | derived |
| /operating_model/cells/base_2026q4_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2026q4_revenue:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_revenue:base/value | None | 340.1 |
| /operating_model/cells/base_2026q4_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_sbc:base/case | None | base |
| /operating_model/cells/base_2026q4_sbc:base/id | None | base_2026q4_sbc |
| /operating_model/cells/base_2026q4_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2026q4_sbc:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_sbc:base/value | None | 25.3 |
| /operating_model/cells/base_2026q4_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2026q4_total_cost:base/case | None | base |
| /operating_model/cells/base_2026q4_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_total_cost:base/formula/refs/0 | None | base_2026q4_claims |
| /operating_model/cells/base_2026q4_total_cost:base/formula/refs/1 | None | base_2026q4_other_insurance |
| /operating_model/cells/base_2026q4_total_cost:base/formula/refs/2 | None | base_2026q4_operating_expense |
| /operating_model/cells/base_2026q4_total_cost:base/id | None | base_2026q4_total_cost |
| /operating_model/cells/base_2026q4_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2026q4_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2026q4_total_cost:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_total_cost:base/value | None | 359.05600000000004 |
| /operating_model/cells/base_2026q4_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2026q4_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2026q4_unearned_inflow:base/id | None | base_2026q4_unearned_inflow |
| /operating_model/cells/base_2026q4_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2026q4_unearned_inflow:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_unearned_inflow:base/value | None | 69.0 |
| /operating_model/cells/base_2027q1_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2027q1_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/0 | None | base_2027q1_ebitda_add |
| /operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/1 | None | base_2027q1_ebitda_income_remove |
| /operating_model/cells/base_2027q1_adj_ebitda:base/id | None | base_2027q1_adj_ebitda |
| /operating_model/cells/base_2027q1_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q1_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q1_adj_ebitda:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_adj_ebitda:base/value | None | -10.00000000000005 |
| /operating_model/cells/base_2027q1_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2027q1_attritional_loss:base/id | None | base_2027q1_attritional_loss |
| /operating_model/cells/base_2027q1_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2027q1_attritional_loss:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_attritional_loss:base/value | None | 0.57 |
| /operating_model/cells/base_2027q1_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_bad_debt:base/case | None | base |
| /operating_model/cells/base_2027q1_bad_debt:base/id | None | base_2027q1_bad_debt |
| /operating_model/cells/base_2027q1_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2027q1_bad_debt:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_bad_debt:base/value | None | 7.5 |
| /operating_model/cells/base_2027q1_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_capex:base/case | None | base |
| /operating_model/cells/base_2027q1_capex:base/id | None | base_2027q1_capex |
| /operating_model/cells/base_2027q1_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2027q1_capex:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_capex:base/value | None | 6.0 |
| /operating_model/cells/base_2027q1_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2027q1_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_cash_after_financing:base/formula/refs/0 | None | base_2027q1_fcf |
| /operating_model/cells/base_2027q1_cash_after_financing:base/formula/refs/1 | None | base_2027q1_net_growth_financing |
| /operating_model/cells/base_2027q1_cash_after_financing:base/id | None | base_2027q1_cash_after_financing |
| /operating_model/cells/base_2027q1_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2027q1_cash_after_financing:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_after_financing:base/value | None | 2.2539999999999516 |
| /operating_model/cells/base_2027q1_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_tax:base/id | None | base_2027q1_cash_tax |
| /operating_model/cells/base_2027q1_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2027q1_cash_tax:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_tax:base/value | None | 1.9 |
| /operating_model/cells/base_2027q1_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_cat_loss:base/case | None | base |
| /operating_model/cells/base_2027q1_cat_loss:base/id | None | base_2027q1_cat_loss |
| /operating_model/cells/base_2027q1_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2027q1_cat_loss:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_cat_loss:base/value | None | 0.03 |
| /operating_model/cells/base_2027q1_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2027q1_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2027q1_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_ceded_premium:base/formula/refs/0 | None | base_2027q1_gross_earned |
| /operating_model/cells/base_2027q1_ceded_premium:base/formula/refs/1 | None | base_2027q1_net_premium |
| /operating_model/cells/base_2027q1_ceded_premium:base/id | None | base_2027q1_ceded_premium |
| /operating_model/cells/base_2027q1_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q1_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2027q1_ceded_premium:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ceded_premium:base/value | None | 90.66666666666663 |
| /operating_model/cells/base_2027q1_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2027q1_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2027q1_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_ceding_commission:base/formula/refs/0 | None | base_2027q1_ceded_premium |
| /operating_model/cells/base_2027q1_ceding_commission:base/formula/refs/1 | None | base_2027q1_commission_rate |
| /operating_model/cells/base_2027q1_ceding_commission:base/id | None | base_2027q1_ceding_commission |
| /operating_model/cells/base_2027q1_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2027q1_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2027q1_ceding_commission:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ceding_commission:base/value | None | 22.666666666666657 |
| /operating_model/cells/base_2027q1_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2027q1_cfo:base/case | None | base |
| /operating_model/cells/base_2027q1_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/0 | None | base_2027q1_net_income |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/1 | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/2 | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/3 | None | base_2027q1_bad_debt |
| /operating_model/cells/base_2027q1_cfo:base/formula/refs/4 | None | base_2027q1_insurance_wc |
| /operating_model/cells/base_2027q1_cfo:base/id | None | base_2027q1_cfo |
| /operating_model/cells/base_2027q1_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2027q1_cfo:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cfo:base/value | None | -1.7460000000000484 |
| /operating_model/cells/base_2027q1_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2027q1_claims:base/case | None | base |
| /operating_model/cells/base_2027q1_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_claims:base/formula/refs/0 | None | base_2027q1_net_premium |
| /operating_model/cells/base_2027q1_claims:base/formula/refs/1 | None | base_2027q1_net_loss_ratio |
| /operating_model/cells/base_2027q1_claims:base/id | None | base_2027q1_claims |
| /operating_model/cells/base_2027q1_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q1_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2027q1_claims:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_claims:base/value | None | 207.46000000000004 |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/id | None | base_2027q1_claims_reserve_inflow |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_claims_reserve_inflow:base/value | None | 10.0 |
| /operating_model/cells/base_2027q1_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_commission_rate:base/case | None | base |
| /operating_model/cells/base_2027q1_commission_rate:base/id | None | base_2027q1_commission_rate |
| /operating_model/cells/base_2027q1_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2027q1_commission_rate:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2027q1_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_da:base/case | None | base |
| /operating_model/cells/base_2027q1_da:base/id | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2027q1_da:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_da:base/value | None | 3.1999999999999997 |
| /operating_model/cells/base_2027q1_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2027q1_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2027q1_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_ebitda_add:base/formula/refs/0 | None | base_2027q1_pretax |
| /operating_model/cells/base_2027q1_ebitda_add:base/formula/refs/1 | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_ebitda_add:base/formula/refs/2 | None | base_2027q1_da |
| /operating_model/cells/base_2027q1_ebitda_add:base/formula/refs/3 | None | base_2027q1_finance_interest |
| /operating_model/cells/base_2027q1_ebitda_add:base/id | None | base_2027q1_ebitda_add |
| /operating_model/cells/base_2027q1_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2027q1_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2027q1_ebitda_add:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ebitda_add:base/value | None | 0.9999999999999503 |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/formula/refs/0 | None | base_2027q1_investment_income |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/formula/refs/1 | None | base_2027q1_other_interest |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/id | None | base_2027q1_ebitda_income_remove |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2027q1_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2027q1_fcf:base/case | None | base |
| /operating_model/cells/base_2027q1_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_fcf:base/formula/refs/0 | None | base_2027q1_cfo |
| /operating_model/cells/base_2027q1_fcf:base/formula/refs/1 | None | base_2027q1_capex |
| /operating_model/cells/base_2027q1_fcf:base/id | None | base_2027q1_fcf |
| /operating_model/cells/base_2027q1_fcf:base/kind | None | derived |
| /operating_model/cells/base_2027q1_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2027q1_fcf:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_fcf:base/value | None | -7.746000000000048 |
| /operating_model/cells/base_2027q1_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2027q1_finance_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_finance_interest:base/formula/refs/0 | None | base_2027q1_gc_interest |
| /operating_model/cells/base_2027q1_finance_interest:base/formula/refs/1 | None | base_2027q1_hannover_interest |
| /operating_model/cells/base_2027q1_finance_interest:base/id | None | base_2027q1_finance_interest |
| /operating_model/cells/base_2027q1_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q1_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2027q1_finance_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_finance_interest:base/value | None | 10.346 |
| /operating_model/cells/base_2027q1_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gc_advance:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_advance:base/id | None | base_2027q1_gc_advance |
| /operating_model/cells/base_2027q1_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2027q1_gc_advance:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/id | None | base_2027q1_gc_annual_rate |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2027q1_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2027q1_gc_available:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_gc_available:base/formula/refs/0 | None | base_2026q4_gc_ending |
| /operating_model/cells/base_2027q1_gc_available:base/formula/refs/1 | None | base_2027q1_gc_advance |
| /operating_model/cells/base_2027q1_gc_available:base/id | None | base_2027q1_gc_available |
| /operating_model/cells/base_2027q1_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2027q1_gc_available:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_available:base/value | None | 261.4 |
| /operating_model/cells/base_2027q1_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q1_gc_average:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_gc_average:base/formula/refs/0 | None | base_2027q1_gc_balance_sum |
| /operating_model/cells/base_2027q1_gc_average:base/formula/refs/1 | None | base_2027q1_gc_half |
| /operating_model/cells/base_2027q1_gc_average:base/id | None | base_2027q1_gc_average |
| /operating_model/cells/base_2027q1_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2027q1_gc_average:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_average:base/value | None | 246.39999999999998 |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/formula/refs/0 | None | base_2026q4_gc_ending |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/formula/refs/1 | None | base_2027q1_gc_ending |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/id | None | base_2027q1_gc_balance_sum |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_balance_sum:base/value | None | 492.79999999999995 |
| /operating_model/cells/base_2027q1_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2027q1_gc_ending:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_gc_ending:base/formula/refs/0 | None | base_2027q1_gc_available |
| /operating_model/cells/base_2027q1_gc_ending:base/formula/refs/1 | None | base_2027q1_gc_principal |
| /operating_model/cells/base_2027q1_gc_ending:base/id | None | base_2027q1_gc_ending |
| /operating_model/cells/base_2027q1_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2027q1_gc_ending:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_ending:base/value | None | 231.39999999999998 |
| /operating_model/cells/base_2027q1_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gc_half:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_half:base/id | None | base_2027q1_gc_half |
| /operating_model/cells/base_2027q1_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q1_gc_half:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q1_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q1_gc_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_gc_interest:base/formula/refs/0 | None | base_2027q1_gc_average |
| /operating_model/cells/base_2027q1_gc_interest:base/formula/refs/1 | None | base_2027q1_gc_annual_rate |
| /operating_model/cells/base_2027q1_gc_interest:base/formula/refs/2 | None | base_2027q1_gc_quarter |
| /operating_model/cells/base_2027q1_gc_interest:base/id | None | base_2027q1_gc_interest |
| /operating_model/cells/base_2027q1_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2027q1_gc_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_interest:base/value | None | 9.856 |
| /operating_model/cells/base_2027q1_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gc_principal:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_principal:base/id | None | base_2027q1_gc_principal |
| /operating_model/cells/base_2027q1_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2027q1_gc_principal:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gc_principal:base/value | None | 30.0 |
| /operating_model/cells/base_2027q1_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2027q1_gc_quarter:base/id | None | base_2027q1_gc_quarter |
| /operating_model/cells/base_2027q1_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q1_gc_quarter:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q1_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gp_da:base/case | None | base |
| /operating_model/cells/base_2027q1_gp_da:base/id | None | base_2027q1_gp_da |
| /operating_model/cells/base_2027q1_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2027q1_gp_da:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gp_da:base/value | None | 0.6 |
| /operating_model/cells/base_2027q1_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2027q1_gross_cost:base/case | None | base |
| /operating_model/cells/base_2027q1_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_gross_cost:base/formula/refs/0 | None | base_2027q1_claims |
| /operating_model/cells/base_2027q1_gross_cost:base/formula/refs/1 | None | base_2027q1_other_insurance |
| /operating_model/cells/base_2027q1_gross_cost:base/formula/refs/2 | None | base_2027q1_gp_da |
| /operating_model/cells/base_2027q1_gross_cost:base/id | None | base_2027q1_gross_cost |
| /operating_model/cells/base_2027q1_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2027q1_gross_cost:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gross_cost:base/value | None | 240.46000000000004 |
| /operating_model/cells/base_2027q1_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_gross_earned:base/case | None | base |
| /operating_model/cells/base_2027q1_gross_earned:base/id | None | base_2027q1_gross_earned |
| /operating_model/cells/base_2027q1_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2027q1_gross_earned:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gross_earned:base/value | None | 405.0 |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/formula/refs/0 | None | base_2027q1_attritional_loss |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/formula/refs/1 | None | base_2027q1_cat_loss |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/formula/refs/2 | None | base_2027q1_lae_ratio |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/formula/refs/3 | None | base_2027q1_prior_development |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/id | None | base_2027q1_gross_loss_ratio |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_gross_loss_ratio:base/value | None | 0.65 |
| /operating_model/cells/base_2027q1_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2027q1_gross_profit:base/case | None | base |
| /operating_model/cells/base_2027q1_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_gross_profit:base/formula/refs/0 | None | base_2027q1_revenue |
| /operating_model/cells/base_2027q1_gross_profit:base/formula/refs/1 | None | base_2027q1_gross_cost |
| /operating_model/cells/base_2027q1_gross_profit:base/id | None | base_2027q1_gross_profit |
| /operating_model/cells/base_2027q1_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2027q1_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2027q1_gross_profit:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_gross_profit:base/value | None | 121.53999999999996 |
| /operating_model/cells/base_2027q1_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2027q1_growth_advances:base/case | None | base |
| /operating_model/cells/base_2027q1_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_growth_advances:base/formula/refs/0 | None | base_2027q1_gc_advance |
| /operating_model/cells/base_2027q1_growth_advances:base/formula/refs/1 | None | base_2027q1_hannover_advance |
| /operating_model/cells/base_2027q1_growth_advances:base/id | None | base_2027q1_growth_advances |
| /operating_model/cells/base_2027q1_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2027q1_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2027q1_growth_advances:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_growth_advances:base/value | None | 40.0 |
| /operating_model/cells/base_2027q1_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2027q1_growth_principal:base/case | None | base |
| /operating_model/cells/base_2027q1_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_growth_principal:base/formula/refs/0 | None | base_2027q1_gc_principal |
| /operating_model/cells/base_2027q1_growth_principal:base/formula/refs/1 | None | base_2027q1_hannover_principal |
| /operating_model/cells/base_2027q1_growth_principal:base/id | None | base_2027q1_growth_principal |
| /operating_model/cells/base_2027q1_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2027q1_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2027q1_growth_principal:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_growth_principal:base/value | None | 30.0 |
| /operating_model/cells/base_2027q1_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_advance:base/id | None | base_2027q1_hannover_advance |
| /operating_model/cells/base_2027q1_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2027q1_hannover_advance:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_advance:base/value | None | 40.0 |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/id | None | base_2027q1_hannover_annual_rate |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2027q1_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2027q1_hannover_available:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_hannover_available:base/formula/refs/0 | None | base_2026q4_hannover_ending |
| /operating_model/cells/base_2027q1_hannover_available:base/formula/refs/1 | None | base_2027q1_hannover_advance |
| /operating_model/cells/base_2027q1_hannover_available:base/id | None | base_2027q1_hannover_available |
| /operating_model/cells/base_2027q1_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2027q1_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2027q1_hannover_available:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_available:base/value | None | 40.0 |
| /operating_model/cells/base_2027q1_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q1_hannover_average:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_hannover_average:base/formula/refs/0 | None | base_2027q1_hannover_balance_sum |
| /operating_model/cells/base_2027q1_hannover_average:base/formula/refs/1 | None | base_2027q1_hannover_half |
| /operating_model/cells/base_2027q1_hannover_average:base/id | None | base_2027q1_hannover_average |
| /operating_model/cells/base_2027q1_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2027q1_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2027q1_hannover_average:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_average:base/value | None | 20.0 |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/formula/refs/0 | None | base_2026q4_hannover_ending |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/formula/refs/1 | None | base_2027q1_hannover_ending |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/id | None | base_2027q1_hannover_balance_sum |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_balance_sum:base/value | None | 40.0 |
| /operating_model/cells/base_2027q1_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2027q1_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_hannover_ending:base/formula/refs/0 | None | base_2027q1_hannover_available |
| /operating_model/cells/base_2027q1_hannover_ending:base/formula/refs/1 | None | base_2027q1_hannover_principal |
| /operating_model/cells/base_2027q1_hannover_ending:base/id | None | base_2027q1_hannover_ending |
| /operating_model/cells/base_2027q1_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q1_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2027q1_hannover_ending:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_ending:base/value | None | 40.0 |
| /operating_model/cells/base_2027q1_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_hannover_half:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_half:base/id | None | base_2027q1_hannover_half |
| /operating_model/cells/base_2027q1_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q1_hannover_half:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q1_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q1_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_hannover_interest:base/formula/refs/0 | None | base_2027q1_hannover_average |
| /operating_model/cells/base_2027q1_hannover_interest:base/formula/refs/1 | None | base_2027q1_hannover_annual_rate |
| /operating_model/cells/base_2027q1_hannover_interest:base/formula/refs/2 | None | base_2027q1_hannover_quarter |
| /operating_model/cells/base_2027q1_hannover_interest:base/id | None | base_2027q1_hannover_interest |
| /operating_model/cells/base_2027q1_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q1_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2027q1_hannover_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_interest:base/value | None | 0.49 |
| /operating_model/cells/base_2027q1_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_principal:base/id | None | base_2027q1_hannover_principal |
| /operating_model/cells/base_2027q1_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2027q1_hannover_principal:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_hannover_principal:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2027q1_hannover_quarter:base/id | None | base_2027q1_hannover_quarter |
| /operating_model/cells/base_2027q1_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q1_hannover_quarter:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/id | None | base_2027q1_insurance_cost_ratio |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2027q1_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2027q1_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2027q1_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_insurance_inflows:base/formula/refs/0 | None | base_2027q1_unearned_inflow |
| /operating_model/cells/base_2027q1_insurance_inflows:base/formula/refs/1 | None | base_2027q1_claims_reserve_inflow |
| /operating_model/cells/base_2027q1_insurance_inflows:base/id | None | base_2027q1_insurance_inflows |
| /operating_model/cells/base_2027q1_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2027q1_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2027q1_insurance_inflows:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_insurance_inflows:base/value | None | 86.0 |
| /operating_model/cells/base_2027q1_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2027q1_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2027q1_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_insurance_uses:base/formula/refs/0 | None | base_2027q1_premium_receivables |
| /operating_model/cells/base_2027q1_insurance_uses:base/formula/refs/1 | None | base_2027q1_reinsurance_other |
| /operating_model/cells/base_2027q1_insurance_uses:base/id | None | base_2027q1_insurance_uses |
| /operating_model/cells/base_2027q1_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q1_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2027q1_insurance_uses:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_insurance_uses:base/value | None | 84.0 |
| /operating_model/cells/base_2027q1_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2027q1_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2027q1_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_insurance_wc:base/formula/refs/0 | None | base_2027q1_insurance_inflows |
| /operating_model/cells/base_2027q1_insurance_wc:base/formula/refs/1 | None | base_2027q1_insurance_uses |
| /operating_model/cells/base_2027q1_insurance_wc:base/id | None | base_2027q1_insurance_wc |
| /operating_model/cells/base_2027q1_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2027q1_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2027q1_insurance_wc:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2027q1_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_investment_income:base/case | None | base |
| /operating_model/cells/base_2027q1_investment_income:base/id | None | base_2027q1_investment_income |
| /operating_model/cells/base_2027q1_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2027q1_investment_income:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2027q1_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2027q1_lae_ratio:base/id | None | base_2027q1_lae_ratio |
| /operating_model/cells/base_2027q1_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2027q1_lae_ratio:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2027q1_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2027q1_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2027q1_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_net_growth_financing:base/formula/refs/0 | None | base_2027q1_growth_advances |
| /operating_model/cells/base_2027q1_net_growth_financing:base/formula/refs/1 | None | base_2027q1_growth_principal |
| /operating_model/cells/base_2027q1_net_growth_financing:base/id | None | base_2027q1_net_growth_financing |
| /operating_model/cells/base_2027q1_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q1_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2027q1_net_growth_financing:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_net_growth_financing:base/value | None | 10.0 |
| /operating_model/cells/base_2027q1_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2027q1_net_income:base/case | None | base |
| /operating_model/cells/base_2027q1_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_net_income:base/formula/refs/0 | None | base_2027q1_pretax |
| /operating_model/cells/base_2027q1_net_income:base/formula/refs/1 | None | base_2027q1_cash_tax |
| /operating_model/cells/base_2027q1_net_income:base/id | None | base_2027q1_net_income |
| /operating_model/cells/base_2027q1_net_income:base/kind | None | derived |
| /operating_model/cells/base_2027q1_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2027q1_net_income:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_net_income:base/value | None | -40.44600000000005 |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/formula/refs/0 | None | base_2027q1_gross_loss_ratio |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/formula/refs/1 | None | base_2027q1_net_reinsurance_basis |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/id | None | base_2027q1_net_loss_ratio |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_net_loss_ratio:base/value | None | 0.66 |
| /operating_model/cells/base_2027q1_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2027q1_net_premium:base/case | None | base |
| /operating_model/cells/base_2027q1_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_net_premium:base/formula/refs/0 | None | base_2027q1_gross_earned |
| /operating_model/cells/base_2027q1_net_premium:base/formula/refs/1 | None | base_2027q1_retention |
| /operating_model/cells/base_2027q1_net_premium:base/id | None | base_2027q1_net_premium |
| /operating_model/cells/base_2027q1_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q1_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2027q1_net_premium:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_net_premium:base/value | None | 314.33333333333337 |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/id | None | base_2027q1_net_reinsurance_basis |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2027q1_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2027q1_operating_expense:base/case | None | base |
| /operating_model/cells/base_2027q1_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_operating_expense:base/formula/refs/0 | None | base_2027q1_ordinary_opex |
| /operating_model/cells/base_2027q1_operating_expense:base/formula/refs/1 | None | base_2027q1_finance_interest |
| /operating_model/cells/base_2027q1_operating_expense:base/id | None | base_2027q1_operating_expense |
| /operating_model/cells/base_2027q1_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2027q1_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2027q1_operating_expense:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_operating_expense:base/value | None | 160.68599999999998 |
| /operating_model/cells/base_2027q1_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2027q1_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2027q1_ordinary_opex:base/id | None | base_2027q1_ordinary_opex |
| /operating_model/cells/base_2027q1_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2027q1_ordinary_opex:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_ordinary_opex:base/value | None | 150.33999999999997 |
| /operating_model/cells/base_2027q1_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2027q1_other_insurance:base/case | None | base |
| /operating_model/cells/base_2027q1_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_other_insurance:base/formula/refs/0 | None | base_2027q1_gross_earned |
| /operating_model/cells/base_2027q1_other_insurance:base/formula/refs/1 | None | base_2027q1_insurance_cost_ratio |
| /operating_model/cells/base_2027q1_other_insurance:base/id | None | base_2027q1_other_insurance |
| /operating_model/cells/base_2027q1_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2027q1_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2027q1_other_insurance:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_other_insurance:base/value | None | 32.4 |
| /operating_model/cells/base_2027q1_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_other_interest:base/case | None | base |
| /operating_model/cells/base_2027q1_other_interest:base/id | None | base_2027q1_other_interest |
| /operating_model/cells/base_2027q1_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2027q1_other_interest:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2027q1_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_other_revenue:base/case | None | base |
| /operating_model/cells/base_2027q1_other_revenue:base/id | None | base_2027q1_other_revenue |
| /operating_model/cells/base_2027q1_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2027q1_other_revenue:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_other_revenue:base/value | None | 15.0 |
| /operating_model/cells/base_2027q1_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2027q1_premium_receivables:base/id | None | base_2027q1_premium_receivables |
| /operating_model/cells/base_2027q1_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2027q1_premium_receivables:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_premium_receivables:base/value | None | 74.0 |
| /operating_model/cells/base_2027q1_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2027q1_pretax:base/case | None | base |
| /operating_model/cells/base_2027q1_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_pretax:base/formula/refs/0 | None | base_2027q1_revenue |
| /operating_model/cells/base_2027q1_pretax:base/formula/refs/1 | None | base_2027q1_total_cost |
| /operating_model/cells/base_2027q1_pretax:base/id | None | base_2027q1_pretax |
| /operating_model/cells/base_2027q1_pretax:base/kind | None | derived |
| /operating_model/cells/base_2027q1_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2027q1_pretax:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_pretax:base/value | None | -38.54600000000005 |
| /operating_model/cells/base_2027q1_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_prior_development:base/case | None | base |
| /operating_model/cells/base_2027q1_prior_development:base/id | None | base_2027q1_prior_development |
| /operating_model/cells/base_2027q1_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2027q1_prior_development:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_prior_development:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2027q1_reinsurance_other:base/id | None | base_2027q1_reinsurance_other |
| /operating_model/cells/base_2027q1_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2027q1_reinsurance_other:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_reinsurance_other:base/value | None | 10.0 |
| /operating_model/cells/base_2027q1_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2027q1_retention:base/case | None | base |
| /operating_model/cells/base_2027q1_retention:base/id | None | base_2027q1_retention |
| /operating_model/cells/base_2027q1_retention:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2027q1_retention:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_retention:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_retention:base/value | None | 0.7761316872427985 |
| /operating_model/cells/base_2027q1_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2027q1_revenue:base/case | None | base |
| /operating_model/cells/base_2027q1_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/0 | None | base_2027q1_net_premium |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/1 | None | base_2027q1_ceding_commission |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/2 | None | base_2027q1_investment_income |
| /operating_model/cells/base_2027q1_revenue:base/formula/refs/3 | None | base_2027q1_other_revenue |
| /operating_model/cells/base_2027q1_revenue:base/id | None | base_2027q1_revenue |
| /operating_model/cells/base_2027q1_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q1_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q1_revenue:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_revenue:base/value | None | 362.0 |
| /operating_model/cells/base_2027q1_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_sbc:base/case | None | base |
| /operating_model/cells/base_2027q1_sbc:base/id | None | base_2027q1_sbc |
| /operating_model/cells/base_2027q1_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2027q1_sbc:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_sbc:base/value | None | 26.0 |
| /operating_model/cells/base_2027q1_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2027q1_total_cost:base/case | None | base |
| /operating_model/cells/base_2027q1_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_total_cost:base/formula/refs/0 | None | base_2027q1_claims |
| /operating_model/cells/base_2027q1_total_cost:base/formula/refs/1 | None | base_2027q1_other_insurance |
| /operating_model/cells/base_2027q1_total_cost:base/formula/refs/2 | None | base_2027q1_operating_expense |
| /operating_model/cells/base_2027q1_total_cost:base/id | None | base_2027q1_total_cost |
| /operating_model/cells/base_2027q1_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q1_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2027q1_total_cost:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_total_cost:base/value | None | 400.54600000000005 |
| /operating_model/cells/base_2027q1_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q1_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2027q1_unearned_inflow:base/id | None | base_2027q1_unearned_inflow |
| /operating_model/cells/base_2027q1_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2027q1_unearned_inflow:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_unearned_inflow:base/value | None | 76.0 |
| /operating_model/cells/base_2027q2_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2027q2_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/0 | None | base_2027q2_ebitda_add |
| /operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/1 | None | base_2027q2_ebitda_income_remove |
| /operating_model/cells/base_2027q2_adj_ebitda:base/id | None | base_2027q2_adj_ebitda |
| /operating_model/cells/base_2027q2_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q2_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q2_adj_ebitda:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_adj_ebitda:base/value | None | -1.5987211554602254e-14 |
| /operating_model/cells/base_2027q2_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2027q2_attritional_loss:base/id | None | base_2027q2_attritional_loss |
| /operating_model/cells/base_2027q2_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2027q2_attritional_loss:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_attritional_loss:base/value | None | 0.565 |
| /operating_model/cells/base_2027q2_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_bad_debt:base/case | None | base |
| /operating_model/cells/base_2027q2_bad_debt:base/id | None | base_2027q2_bad_debt |
| /operating_model/cells/base_2027q2_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2027q2_bad_debt:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_bad_debt:base/value | None | 8.0 |
| /operating_model/cells/base_2027q2_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_capex:base/case | None | base |
| /operating_model/cells/base_2027q2_capex:base/id | None | base_2027q2_capex |
| /operating_model/cells/base_2027q2_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2027q2_capex:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_capex:base/value | None | 6.5 |
| /operating_model/cells/base_2027q2_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2027q2_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_cash_after_financing:base/formula/refs/0 | None | base_2027q2_fcf |
| /operating_model/cells/base_2027q2_cash_after_financing:base/formula/refs/1 | None | base_2027q2_net_growth_financing |
| /operating_model/cells/base_2027q2_cash_after_financing:base/id | None | base_2027q2_cash_after_financing |
| /operating_model/cells/base_2027q2_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2027q2_cash_after_financing:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_after_financing:base/value | None | 2.435249999999984 |
| /operating_model/cells/base_2027q2_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_tax:base/id | None | base_2027q2_cash_tax |
| /operating_model/cells/base_2027q2_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2027q2_cash_tax:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_tax:base/value | None | 2.1 |
| /operating_model/cells/base_2027q2_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_cat_loss:base/case | None | base |
| /operating_model/cells/base_2027q2_cat_loss:base/id | None | base_2027q2_cat_loss |
| /operating_model/cells/base_2027q2_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2027q2_cat_loss:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_cat_loss:base/value | None | 0.035 |
| /operating_model/cells/base_2027q2_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2027q2_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2027q2_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_ceded_premium:base/formula/refs/0 | None | base_2027q2_gross_earned |
| /operating_model/cells/base_2027q2_ceded_premium:base/formula/refs/1 | None | base_2027q2_net_premium |
| /operating_model/cells/base_2027q2_ceded_premium:base/id | None | base_2027q2_ceded_premium |
| /operating_model/cells/base_2027q2_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q2_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2027q2_ceded_premium:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ceded_premium:base/value | None | 96.0 |
| /operating_model/cells/base_2027q2_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2027q2_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2027q2_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_ceding_commission:base/formula/refs/0 | None | base_2027q2_ceded_premium |
| /operating_model/cells/base_2027q2_ceding_commission:base/formula/refs/1 | None | base_2027q2_commission_rate |
| /operating_model/cells/base_2027q2_ceding_commission:base/id | None | base_2027q2_ceding_commission |
| /operating_model/cells/base_2027q2_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2027q2_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2027q2_ceding_commission:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ceding_commission:base/value | None | 24.0 |
| /operating_model/cells/base_2027q2_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2027q2_cfo:base/case | None | base |
| /operating_model/cells/base_2027q2_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/0 | None | base_2027q2_net_income |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/1 | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/2 | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/3 | None | base_2027q2_bad_debt |
| /operating_model/cells/base_2027q2_cfo:base/formula/refs/4 | None | base_2027q2_insurance_wc |
| /operating_model/cells/base_2027q2_cfo:base/id | None | base_2027q2_cfo |
| /operating_model/cells/base_2027q2_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2027q2_cfo:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cfo:base/value | None | 8.935249999999984 |
| /operating_model/cells/base_2027q2_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2027q2_claims:base/case | None | base |
| /operating_model/cells/base_2027q2_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_claims:base/formula/refs/0 | None | base_2027q2_net_premium |
| /operating_model/cells/base_2027q2_claims:base/formula/refs/1 | None | base_2027q2_net_loss_ratio |
| /operating_model/cells/base_2027q2_claims:base/id | None | base_2027q2_claims |
| /operating_model/cells/base_2027q2_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q2_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2027q2_claims:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_claims:base/value | None | 223.74 |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/id | None | base_2027q2_claims_reserve_inflow |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_claims_reserve_inflow:base/value | None | 11.0 |
| /operating_model/cells/base_2027q2_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_commission_rate:base/case | None | base |
| /operating_model/cells/base_2027q2_commission_rate:base/id | None | base_2027q2_commission_rate |
| /operating_model/cells/base_2027q2_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2027q2_commission_rate:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2027q2_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_da:base/case | None | base |
| /operating_model/cells/base_2027q2_da:base/id | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2027q2_da:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_da:base/value | None | 3.4 |
| /operating_model/cells/base_2027q2_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2027q2_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2027q2_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_ebitda_add:base/formula/refs/0 | None | base_2027q2_pretax |
| /operating_model/cells/base_2027q2_ebitda_add:base/formula/refs/1 | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_ebitda_add:base/formula/refs/2 | None | base_2027q2_da |
| /operating_model/cells/base_2027q2_ebitda_add:base/formula/refs/3 | None | base_2027q2_finance_interest |
| /operating_model/cells/base_2027q2_ebitda_add:base/id | None | base_2027q2_ebitda_add |
| /operating_model/cells/base_2027q2_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2027q2_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2027q2_ebitda_add:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ebitda_add:base/value | None | 10.999999999999984 |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/formula/refs/0 | None | base_2027q2_investment_income |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/formula/refs/1 | None | base_2027q2_other_interest |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/id | None | base_2027q2_ebitda_income_remove |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2027q2_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2027q2_fcf:base/case | None | base |
| /operating_model/cells/base_2027q2_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_fcf:base/formula/refs/0 | None | base_2027q2_cfo |
| /operating_model/cells/base_2027q2_fcf:base/formula/refs/1 | None | base_2027q2_capex |
| /operating_model/cells/base_2027q2_fcf:base/id | None | base_2027q2_fcf |
| /operating_model/cells/base_2027q2_fcf:base/kind | None | derived |
| /operating_model/cells/base_2027q2_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2027q2_fcf:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_fcf:base/value | None | 2.435249999999984 |
| /operating_model/cells/base_2027q2_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2027q2_finance_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_finance_interest:base/formula/refs/0 | None | base_2027q2_gc_interest |
| /operating_model/cells/base_2027q2_finance_interest:base/formula/refs/1 | None | base_2027q2_hannover_interest |
| /operating_model/cells/base_2027q2_finance_interest:base/id | None | base_2027q2_finance_interest |
| /operating_model/cells/base_2027q2_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q2_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2027q2_finance_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_finance_interest:base/value | None | 9.964749999999999 |
| /operating_model/cells/base_2027q2_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gc_advance:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_advance:base/id | None | base_2027q2_gc_advance |
| /operating_model/cells/base_2027q2_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2027q2_gc_advance:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/id | None | base_2027q2_gc_annual_rate |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2027q2_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2027q2_gc_available:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_gc_available:base/formula/refs/0 | None | base_2027q1_gc_ending |
| /operating_model/cells/base_2027q2_gc_available:base/formula/refs/1 | None | base_2027q2_gc_advance |
| /operating_model/cells/base_2027q2_gc_available:base/id | None | base_2027q2_gc_available |
| /operating_model/cells/base_2027q2_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2027q2_gc_available:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_available:base/value | None | 231.39999999999998 |
| /operating_model/cells/base_2027q2_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q2_gc_average:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_gc_average:base/formula/refs/0 | None | base_2027q2_gc_balance_sum |
| /operating_model/cells/base_2027q2_gc_average:base/formula/refs/1 | None | base_2027q2_gc_half |
| /operating_model/cells/base_2027q2_gc_average:base/id | None | base_2027q2_gc_average |
| /operating_model/cells/base_2027q2_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2027q2_gc_average:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_average:base/value | None | 213.89999999999998 |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/formula/refs/0 | None | base_2027q1_gc_ending |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/formula/refs/1 | None | base_2027q2_gc_ending |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/id | None | base_2027q2_gc_balance_sum |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_balance_sum:base/value | None | 427.79999999999995 |
| /operating_model/cells/base_2027q2_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2027q2_gc_ending:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_gc_ending:base/formula/refs/0 | None | base_2027q2_gc_available |
| /operating_model/cells/base_2027q2_gc_ending:base/formula/refs/1 | None | base_2027q2_gc_principal |
| /operating_model/cells/base_2027q2_gc_ending:base/id | None | base_2027q2_gc_ending |
| /operating_model/cells/base_2027q2_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2027q2_gc_ending:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_ending:base/value | None | 196.39999999999998 |
| /operating_model/cells/base_2027q2_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gc_half:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_half:base/id | None | base_2027q2_gc_half |
| /operating_model/cells/base_2027q2_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q2_gc_half:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q2_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q2_gc_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_gc_interest:base/formula/refs/0 | None | base_2027q2_gc_average |
| /operating_model/cells/base_2027q2_gc_interest:base/formula/refs/1 | None | base_2027q2_gc_annual_rate |
| /operating_model/cells/base_2027q2_gc_interest:base/formula/refs/2 | None | base_2027q2_gc_quarter |
| /operating_model/cells/base_2027q2_gc_interest:base/id | None | base_2027q2_gc_interest |
| /operating_model/cells/base_2027q2_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2027q2_gc_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_interest:base/value | None | 8.556 |
| /operating_model/cells/base_2027q2_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gc_principal:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_principal:base/id | None | base_2027q2_gc_principal |
| /operating_model/cells/base_2027q2_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2027q2_gc_principal:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gc_principal:base/value | None | 35.0 |
| /operating_model/cells/base_2027q2_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2027q2_gc_quarter:base/id | None | base_2027q2_gc_quarter |
| /operating_model/cells/base_2027q2_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q2_gc_quarter:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q2_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gp_da:base/case | None | base |
| /operating_model/cells/base_2027q2_gp_da:base/id | None | base_2027q2_gp_da |
| /operating_model/cells/base_2027q2_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2027q2_gp_da:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gp_da:base/value | None | 0.65 |
| /operating_model/cells/base_2027q2_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2027q2_gross_cost:base/case | None | base |
| /operating_model/cells/base_2027q2_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_gross_cost:base/formula/refs/0 | None | base_2027q2_claims |
| /operating_model/cells/base_2027q2_gross_cost:base/formula/refs/1 | None | base_2027q2_other_insurance |
| /operating_model/cells/base_2027q2_gross_cost:base/formula/refs/2 | None | base_2027q2_gp_da |
| /operating_model/cells/base_2027q2_gross_cost:base/id | None | base_2027q2_gross_cost |
| /operating_model/cells/base_2027q2_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2027q2_gross_cost:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gross_cost:base/value | None | 259.19 |
| /operating_model/cells/base_2027q2_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_gross_earned:base/case | None | base |
| /operating_model/cells/base_2027q2_gross_earned:base/id | None | base_2027q2_gross_earned |
| /operating_model/cells/base_2027q2_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2027q2_gross_earned:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gross_earned:base/value | None | 435.0 |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/formula/refs/0 | None | base_2027q2_attritional_loss |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/formula/refs/1 | None | base_2027q2_cat_loss |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/formula/refs/2 | None | base_2027q2_lae_ratio |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/formula/refs/3 | None | base_2027q2_prior_development |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/id | None | base_2027q2_gross_loss_ratio |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_gross_loss_ratio:base/value | None | 0.65 |
| /operating_model/cells/base_2027q2_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2027q2_gross_profit:base/case | None | base |
| /operating_model/cells/base_2027q2_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_gross_profit:base/formula/refs/0 | None | base_2027q2_revenue |
| /operating_model/cells/base_2027q2_gross_profit:base/formula/refs/1 | None | base_2027q2_gross_cost |
| /operating_model/cells/base_2027q2_gross_profit:base/id | None | base_2027q2_gross_profit |
| /operating_model/cells/base_2027q2_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2027q2_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2027q2_gross_profit:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_gross_profit:base/value | None | 129.81 |
| /operating_model/cells/base_2027q2_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2027q2_growth_advances:base/case | None | base |
| /operating_model/cells/base_2027q2_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_growth_advances:base/formula/refs/0 | None | base_2027q2_gc_advance |
| /operating_model/cells/base_2027q2_growth_advances:base/formula/refs/1 | None | base_2027q2_hannover_advance |
| /operating_model/cells/base_2027q2_growth_advances:base/id | None | base_2027q2_growth_advances |
| /operating_model/cells/base_2027q2_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2027q2_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2027q2_growth_advances:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_growth_advances:base/value | None | 40.0 |
| /operating_model/cells/base_2027q2_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2027q2_growth_principal:base/case | None | base |
| /operating_model/cells/base_2027q2_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_growth_principal:base/formula/refs/0 | None | base_2027q2_gc_principal |
| /operating_model/cells/base_2027q2_growth_principal:base/formula/refs/1 | None | base_2027q2_hannover_principal |
| /operating_model/cells/base_2027q2_growth_principal:base/id | None | base_2027q2_growth_principal |
| /operating_model/cells/base_2027q2_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2027q2_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2027q2_growth_principal:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_growth_principal:base/value | None | 40.0 |
| /operating_model/cells/base_2027q2_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_advance:base/id | None | base_2027q2_hannover_advance |
| /operating_model/cells/base_2027q2_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2027q2_hannover_advance:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_advance:base/value | None | 40.0 |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/id | None | base_2027q2_hannover_annual_rate |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2027q2_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2027q2_hannover_available:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_hannover_available:base/formula/refs/0 | None | base_2027q1_hannover_ending |
| /operating_model/cells/base_2027q2_hannover_available:base/formula/refs/1 | None | base_2027q2_hannover_advance |
| /operating_model/cells/base_2027q2_hannover_available:base/id | None | base_2027q2_hannover_available |
| /operating_model/cells/base_2027q2_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2027q2_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2027q2_hannover_available:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_available:base/value | None | 80.0 |
| /operating_model/cells/base_2027q2_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q2_hannover_average:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_hannover_average:base/formula/refs/0 | None | base_2027q2_hannover_balance_sum |
| /operating_model/cells/base_2027q2_hannover_average:base/formula/refs/1 | None | base_2027q2_hannover_half |
| /operating_model/cells/base_2027q2_hannover_average:base/id | None | base_2027q2_hannover_average |
| /operating_model/cells/base_2027q2_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2027q2_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2027q2_hannover_average:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_average:base/value | None | 57.5 |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/formula/refs/0 | None | base_2027q1_hannover_ending |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/formula/refs/1 | None | base_2027q2_hannover_ending |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/id | None | base_2027q2_hannover_balance_sum |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_balance_sum:base/value | None | 115.0 |
| /operating_model/cells/base_2027q2_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2027q2_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_hannover_ending:base/formula/refs/0 | None | base_2027q2_hannover_available |
| /operating_model/cells/base_2027q2_hannover_ending:base/formula/refs/1 | None | base_2027q2_hannover_principal |
| /operating_model/cells/base_2027q2_hannover_ending:base/id | None | base_2027q2_hannover_ending |
| /operating_model/cells/base_2027q2_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q2_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2027q2_hannover_ending:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_ending:base/value | None | 75.0 |
| /operating_model/cells/base_2027q2_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_hannover_half:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_half:base/id | None | base_2027q2_hannover_half |
| /operating_model/cells/base_2027q2_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q2_hannover_half:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q2_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q2_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_hannover_interest:base/formula/refs/0 | None | base_2027q2_hannover_average |
| /operating_model/cells/base_2027q2_hannover_interest:base/formula/refs/1 | None | base_2027q2_hannover_annual_rate |
| /operating_model/cells/base_2027q2_hannover_interest:base/formula/refs/2 | None | base_2027q2_hannover_quarter |
| /operating_model/cells/base_2027q2_hannover_interest:base/id | None | base_2027q2_hannover_interest |
| /operating_model/cells/base_2027q2_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q2_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2027q2_hannover_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_interest:base/value | None | 1.40875 |
| /operating_model/cells/base_2027q2_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_principal:base/id | None | base_2027q2_hannover_principal |
| /operating_model/cells/base_2027q2_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2027q2_hannover_principal:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_hannover_principal:base/value | None | 5.0 |
| /operating_model/cells/base_2027q2_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2027q2_hannover_quarter:base/id | None | base_2027q2_hannover_quarter |
| /operating_model/cells/base_2027q2_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q2_hannover_quarter:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/id | None | base_2027q2_insurance_cost_ratio |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2027q2_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2027q2_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2027q2_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_insurance_inflows:base/formula/refs/0 | None | base_2027q2_unearned_inflow |
| /operating_model/cells/base_2027q2_insurance_inflows:base/formula/refs/1 | None | base_2027q2_claims_reserve_inflow |
| /operating_model/cells/base_2027q2_insurance_inflows:base/id | None | base_2027q2_insurance_inflows |
| /operating_model/cells/base_2027q2_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2027q2_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2027q2_insurance_inflows:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_insurance_inflows:base/value | None | 94.0 |
| /operating_model/cells/base_2027q2_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2027q2_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2027q2_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_insurance_uses:base/formula/refs/0 | None | base_2027q2_premium_receivables |
| /operating_model/cells/base_2027q2_insurance_uses:base/formula/refs/1 | None | base_2027q2_reinsurance_other |
| /operating_model/cells/base_2027q2_insurance_uses:base/id | None | base_2027q2_insurance_uses |
| /operating_model/cells/base_2027q2_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q2_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2027q2_insurance_uses:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_insurance_uses:base/value | None | 92.0 |
| /operating_model/cells/base_2027q2_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2027q2_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2027q2_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_insurance_wc:base/formula/refs/0 | None | base_2027q2_insurance_inflows |
| /operating_model/cells/base_2027q2_insurance_wc:base/formula/refs/1 | None | base_2027q2_insurance_uses |
| /operating_model/cells/base_2027q2_insurance_wc:base/id | None | base_2027q2_insurance_wc |
| /operating_model/cells/base_2027q2_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2027q2_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2027q2_insurance_wc:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2027q2_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_investment_income:base/case | None | base |
| /operating_model/cells/base_2027q2_investment_income:base/id | None | base_2027q2_investment_income |
| /operating_model/cells/base_2027q2_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2027q2_investment_income:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2027q2_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2027q2_lae_ratio:base/id | None | base_2027q2_lae_ratio |
| /operating_model/cells/base_2027q2_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2027q2_lae_ratio:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2027q2_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2027q2_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2027q2_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_net_growth_financing:base/formula/refs/0 | None | base_2027q2_growth_advances |
| /operating_model/cells/base_2027q2_net_growth_financing:base/formula/refs/1 | None | base_2027q2_growth_principal |
| /operating_model/cells/base_2027q2_net_growth_financing:base/id | None | base_2027q2_net_growth_financing |
| /operating_model/cells/base_2027q2_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q2_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2027q2_net_growth_financing:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_net_growth_financing:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2027q2_net_income:base/case | None | base |
| /operating_model/cells/base_2027q2_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_net_income:base/formula/refs/0 | None | base_2027q2_pretax |
| /operating_model/cells/base_2027q2_net_income:base/formula/refs/1 | None | base_2027q2_cash_tax |
| /operating_model/cells/base_2027q2_net_income:base/id | None | base_2027q2_net_income |
| /operating_model/cells/base_2027q2_net_income:base/kind | None | derived |
| /operating_model/cells/base_2027q2_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2027q2_net_income:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_net_income:base/value | None | -31.464750000000016 |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/formula/refs/0 | None | base_2027q2_gross_loss_ratio |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/formula/refs/1 | None | base_2027q2_net_reinsurance_basis |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/id | None | base_2027q2_net_loss_ratio |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_net_loss_ratio:base/value | None | 0.66 |
| /operating_model/cells/base_2027q2_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2027q2_net_premium:base/case | None | base |
| /operating_model/cells/base_2027q2_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_net_premium:base/formula/refs/0 | None | base_2027q2_gross_earned |
| /operating_model/cells/base_2027q2_net_premium:base/formula/refs/1 | None | base_2027q2_retention |
| /operating_model/cells/base_2027q2_net_premium:base/id | None | base_2027q2_net_premium |
| /operating_model/cells/base_2027q2_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q2_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2027q2_net_premium:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_net_premium:base/value | None | 339.0 |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/id | None | base_2027q2_net_reinsurance_basis |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2027q2_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2027q2_operating_expense:base/case | None | base |
| /operating_model/cells/base_2027q2_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_operating_expense:base/formula/refs/0 | None | base_2027q2_ordinary_opex |
| /operating_model/cells/base_2027q2_operating_expense:base/formula/refs/1 | None | base_2027q2_finance_interest |
| /operating_model/cells/base_2027q2_operating_expense:base/id | None | base_2027q2_operating_expense |
| /operating_model/cells/base_2027q2_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2027q2_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2027q2_operating_expense:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_operating_expense:base/value | None | 159.82475 |
| /operating_model/cells/base_2027q2_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2027q2_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2027q2_ordinary_opex:base/id | None | base_2027q2_ordinary_opex |
| /operating_model/cells/base_2027q2_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2027q2_ordinary_opex:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_ordinary_opex:base/value | None | 149.85999999999999 |
| /operating_model/cells/base_2027q2_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2027q2_other_insurance:base/case | None | base |
| /operating_model/cells/base_2027q2_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_other_insurance:base/formula/refs/0 | None | base_2027q2_gross_earned |
| /operating_model/cells/base_2027q2_other_insurance:base/formula/refs/1 | None | base_2027q2_insurance_cost_ratio |
| /operating_model/cells/base_2027q2_other_insurance:base/id | None | base_2027q2_other_insurance |
| /operating_model/cells/base_2027q2_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2027q2_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2027q2_other_insurance:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_other_insurance:base/value | None | 34.800000000000004 |
| /operating_model/cells/base_2027q2_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_other_interest:base/case | None | base |
| /operating_model/cells/base_2027q2_other_interest:base/id | None | base_2027q2_other_interest |
| /operating_model/cells/base_2027q2_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2027q2_other_interest:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2027q2_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_other_revenue:base/case | None | base |
| /operating_model/cells/base_2027q2_other_revenue:base/id | None | base_2027q2_other_revenue |
| /operating_model/cells/base_2027q2_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2027q2_other_revenue:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_other_revenue:base/value | None | 16.0 |
| /operating_model/cells/base_2027q2_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2027q2_premium_receivables:base/id | None | base_2027q2_premium_receivables |
| /operating_model/cells/base_2027q2_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2027q2_premium_receivables:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_premium_receivables:base/value | None | 81.0 |
| /operating_model/cells/base_2027q2_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2027q2_pretax:base/case | None | base |
| /operating_model/cells/base_2027q2_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_pretax:base/formula/refs/0 | None | base_2027q2_revenue |
| /operating_model/cells/base_2027q2_pretax:base/formula/refs/1 | None | base_2027q2_total_cost |
| /operating_model/cells/base_2027q2_pretax:base/id | None | base_2027q2_pretax |
| /operating_model/cells/base_2027q2_pretax:base/kind | None | derived |
| /operating_model/cells/base_2027q2_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2027q2_pretax:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_pretax:base/value | None | -29.364750000000015 |
| /operating_model/cells/base_2027q2_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_prior_development:base/case | None | base |
| /operating_model/cells/base_2027q2_prior_development:base/id | None | base_2027q2_prior_development |
| /operating_model/cells/base_2027q2_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2027q2_prior_development:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_prior_development:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2027q2_reinsurance_other:base/id | None | base_2027q2_reinsurance_other |
| /operating_model/cells/base_2027q2_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2027q2_reinsurance_other:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_reinsurance_other:base/value | None | 11.0 |
| /operating_model/cells/base_2027q2_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2027q2_retention:base/case | None | base |
| /operating_model/cells/base_2027q2_retention:base/id | None | base_2027q2_retention |
| /operating_model/cells/base_2027q2_retention:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2027q2_retention:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_retention:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_retention:base/value | None | 0.7793103448275862 |
| /operating_model/cells/base_2027q2_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2027q2_revenue:base/case | None | base |
| /operating_model/cells/base_2027q2_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/0 | None | base_2027q2_net_premium |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/1 | None | base_2027q2_ceding_commission |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/2 | None | base_2027q2_investment_income |
| /operating_model/cells/base_2027q2_revenue:base/formula/refs/3 | None | base_2027q2_other_revenue |
| /operating_model/cells/base_2027q2_revenue:base/id | None | base_2027q2_revenue |
| /operating_model/cells/base_2027q2_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q2_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q2_revenue:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_revenue:base/value | None | 389.0 |
| /operating_model/cells/base_2027q2_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_sbc:base/case | None | base |
| /operating_model/cells/base_2027q2_sbc:base/id | None | base_2027q2_sbc |
| /operating_model/cells/base_2027q2_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2027q2_sbc:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_sbc:base/value | None | 27.0 |
| /operating_model/cells/base_2027q2_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2027q2_total_cost:base/case | None | base |
| /operating_model/cells/base_2027q2_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_total_cost:base/formula/refs/0 | None | base_2027q2_claims |
| /operating_model/cells/base_2027q2_total_cost:base/formula/refs/1 | None | base_2027q2_other_insurance |
| /operating_model/cells/base_2027q2_total_cost:base/formula/refs/2 | None | base_2027q2_operating_expense |
| /operating_model/cells/base_2027q2_total_cost:base/id | None | base_2027q2_total_cost |
| /operating_model/cells/base_2027q2_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q2_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2027q2_total_cost:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_total_cost:base/value | None | 418.36475 |
| /operating_model/cells/base_2027q2_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q2_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2027q2_unearned_inflow:base/id | None | base_2027q2_unearned_inflow |
| /operating_model/cells/base_2027q2_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2027q2_unearned_inflow:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_unearned_inflow:base/value | None | 83.0 |
| /operating_model/cells/base_2027q3_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2027q3_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/0 | None | base_2027q3_ebitda_add |
| /operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/1 | None | base_2027q3_ebitda_income_remove |
| /operating_model/cells/base_2027q3_adj_ebitda:base/id | None | base_2027q3_adj_ebitda |
| /operating_model/cells/base_2027q3_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q3_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q3_adj_ebitda:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_adj_ebitda:base/value | None | 14.999999999999986 |
| /operating_model/cells/base_2027q3_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2027q3_attritional_loss:base/id | None | base_2027q3_attritional_loss |
| /operating_model/cells/base_2027q3_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2027q3_attritional_loss:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_attritional_loss:base/value | None | 0.56 |
| /operating_model/cells/base_2027q3_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_bad_debt:base/case | None | base |
| /operating_model/cells/base_2027q3_bad_debt:base/id | None | base_2027q3_bad_debt |
| /operating_model/cells/base_2027q3_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2027q3_bad_debt:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_bad_debt:base/value | None | 8.5 |
| /operating_model/cells/base_2027q3_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_capex:base/case | None | base |
| /operating_model/cells/base_2027q3_capex:base/id | None | base_2027q3_capex |
| /operating_model/cells/base_2027q3_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2027q3_capex:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_capex:base/value | None | 7.0 |
| /operating_model/cells/base_2027q3_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2027q3_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_cash_after_financing:base/formula/refs/0 | None | base_2027q3_fcf |
| /operating_model/cells/base_2027q3_cash_after_financing:base/formula/refs/1 | None | base_2027q3_net_growth_financing |
| /operating_model/cells/base_2027q3_cash_after_financing:base/id | None | base_2027q3_cash_after_financing |
| /operating_model/cells/base_2027q3_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2027q3_cash_after_financing:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_after_financing:base/value | None | 12.838999999999984 |
| /operating_model/cells/base_2027q3_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_tax:base/id | None | base_2027q3_cash_tax |
| /operating_model/cells/base_2027q3_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2027q3_cash_tax:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_tax:base/value | None | 2.3 |
| /operating_model/cells/base_2027q3_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_cat_loss:base/case | None | base |
| /operating_model/cells/base_2027q3_cat_loss:base/id | None | base_2027q3_cat_loss |
| /operating_model/cells/base_2027q3_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2027q3_cat_loss:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_cat_loss:base/value | None | 0.04 |
| /operating_model/cells/base_2027q3_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2027q3_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2027q3_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_ceded_premium:base/formula/refs/0 | None | base_2027q3_gross_earned |
| /operating_model/cells/base_2027q3_ceded_premium:base/formula/refs/1 | None | base_2027q3_net_premium |
| /operating_model/cells/base_2027q3_ceded_premium:base/id | None | base_2027q3_ceded_premium |
| /operating_model/cells/base_2027q3_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q3_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2027q3_ceded_premium:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ceded_premium:base/value | None | 101.33333333333331 |
| /operating_model/cells/base_2027q3_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2027q3_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2027q3_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_ceding_commission:base/formula/refs/0 | None | base_2027q3_ceded_premium |
| /operating_model/cells/base_2027q3_ceding_commission:base/formula/refs/1 | None | base_2027q3_commission_rate |
| /operating_model/cells/base_2027q3_ceding_commission:base/id | None | base_2027q3_ceding_commission |
| /operating_model/cells/base_2027q3_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2027q3_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2027q3_ceding_commission:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ceding_commission:base/value | None | 25.33333333333333 |
| /operating_model/cells/base_2027q3_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2027q3_cfo:base/case | None | base |
| /operating_model/cells/base_2027q3_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/0 | None | base_2027q3_net_income |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/1 | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/2 | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/3 | None | base_2027q3_bad_debt |
| /operating_model/cells/base_2027q3_cfo:base/formula/refs/4 | None | base_2027q3_insurance_wc |
| /operating_model/cells/base_2027q3_cfo:base/id | None | base_2027q3_cfo |
| /operating_model/cells/base_2027q3_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2027q3_cfo:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cfo:base/value | None | 24.838999999999984 |
| /operating_model/cells/base_2027q3_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2027q3_claims:base/case | None | base |
| /operating_model/cells/base_2027q3_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_claims:base/formula/refs/0 | None | base_2027q3_net_premium |
| /operating_model/cells/base_2027q3_claims:base/formula/refs/1 | None | base_2027q3_net_loss_ratio |
| /operating_model/cells/base_2027q3_claims:base/id | None | base_2027q3_claims |
| /operating_model/cells/base_2027q3_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q3_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2027q3_claims:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_claims:base/value | None | 243.32000000000008 |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/id | None | base_2027q3_claims_reserve_inflow |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_claims_reserve_inflow:base/value | None | 12.0 |
| /operating_model/cells/base_2027q3_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_commission_rate:base/case | None | base |
| /operating_model/cells/base_2027q3_commission_rate:base/id | None | base_2027q3_commission_rate |
| /operating_model/cells/base_2027q3_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2027q3_commission_rate:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2027q3_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_da:base/case | None | base |
| /operating_model/cells/base_2027q3_da:base/id | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2027q3_da:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_da:base/value | None | 3.5999999999999996 |
| /operating_model/cells/base_2027q3_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2027q3_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2027q3_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_ebitda_add:base/formula/refs/0 | None | base_2027q3_pretax |
| /operating_model/cells/base_2027q3_ebitda_add:base/formula/refs/1 | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_ebitda_add:base/formula/refs/2 | None | base_2027q3_da |
| /operating_model/cells/base_2027q3_ebitda_add:base/formula/refs/3 | None | base_2027q3_finance_interest |
| /operating_model/cells/base_2027q3_ebitda_add:base/id | None | base_2027q3_ebitda_add |
| /operating_model/cells/base_2027q3_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2027q3_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2027q3_ebitda_add:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ebitda_add:base/value | None | 25.999999999999986 |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/formula/refs/0 | None | base_2027q3_investment_income |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/formula/refs/1 | None | base_2027q3_other_interest |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/id | None | base_2027q3_ebitda_income_remove |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2027q3_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2027q3_fcf:base/case | None | base |
| /operating_model/cells/base_2027q3_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_fcf:base/formula/refs/0 | None | base_2027q3_cfo |
| /operating_model/cells/base_2027q3_fcf:base/formula/refs/1 | None | base_2027q3_capex |
| /operating_model/cells/base_2027q3_fcf:base/id | None | base_2027q3_fcf |
| /operating_model/cells/base_2027q3_fcf:base/kind | None | derived |
| /operating_model/cells/base_2027q3_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2027q3_fcf:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_fcf:base/value | None | 17.838999999999984 |
| /operating_model/cells/base_2027q3_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2027q3_finance_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_finance_interest:base/formula/refs/0 | None | base_2027q3_gc_interest |
| /operating_model/cells/base_2027q3_finance_interest:base/formula/refs/1 | None | base_2027q3_hannover_interest |
| /operating_model/cells/base_2027q3_finance_interest:base/id | None | base_2027q3_finance_interest |
| /operating_model/cells/base_2027q3_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q3_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2027q3_finance_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_finance_interest:base/value | None | 9.360999999999999 |
| /operating_model/cells/base_2027q3_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gc_advance:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_advance:base/id | None | base_2027q3_gc_advance |
| /operating_model/cells/base_2027q3_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2027q3_gc_advance:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/id | None | base_2027q3_gc_annual_rate |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2027q3_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2027q3_gc_available:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_gc_available:base/formula/refs/0 | None | base_2027q2_gc_ending |
| /operating_model/cells/base_2027q3_gc_available:base/formula/refs/1 | None | base_2027q3_gc_advance |
| /operating_model/cells/base_2027q3_gc_available:base/id | None | base_2027q3_gc_available |
| /operating_model/cells/base_2027q3_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2027q3_gc_available:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_available:base/value | None | 196.39999999999998 |
| /operating_model/cells/base_2027q3_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q3_gc_average:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_gc_average:base/formula/refs/0 | None | base_2027q3_gc_balance_sum |
| /operating_model/cells/base_2027q3_gc_average:base/formula/refs/1 | None | base_2027q3_gc_half |
| /operating_model/cells/base_2027q3_gc_average:base/id | None | base_2027q3_gc_average |
| /operating_model/cells/base_2027q3_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2027q3_gc_average:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_average:base/value | None | 178.89999999999998 |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/formula/refs/0 | None | base_2027q2_gc_ending |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/formula/refs/1 | None | base_2027q3_gc_ending |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/id | None | base_2027q3_gc_balance_sum |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_balance_sum:base/value | None | 357.79999999999995 |
| /operating_model/cells/base_2027q3_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2027q3_gc_ending:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_gc_ending:base/formula/refs/0 | None | base_2027q3_gc_available |
| /operating_model/cells/base_2027q3_gc_ending:base/formula/refs/1 | None | base_2027q3_gc_principal |
| /operating_model/cells/base_2027q3_gc_ending:base/id | None | base_2027q3_gc_ending |
| /operating_model/cells/base_2027q3_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2027q3_gc_ending:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_ending:base/value | None | 161.39999999999998 |
| /operating_model/cells/base_2027q3_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gc_half:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_half:base/id | None | base_2027q3_gc_half |
| /operating_model/cells/base_2027q3_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q3_gc_half:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q3_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q3_gc_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_gc_interest:base/formula/refs/0 | None | base_2027q3_gc_average |
| /operating_model/cells/base_2027q3_gc_interest:base/formula/refs/1 | None | base_2027q3_gc_annual_rate |
| /operating_model/cells/base_2027q3_gc_interest:base/formula/refs/2 | None | base_2027q3_gc_quarter |
| /operating_model/cells/base_2027q3_gc_interest:base/id | None | base_2027q3_gc_interest |
| /operating_model/cells/base_2027q3_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2027q3_gc_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_interest:base/value | None | 7.155999999999999 |
| /operating_model/cells/base_2027q3_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gc_principal:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_principal:base/id | None | base_2027q3_gc_principal |
| /operating_model/cells/base_2027q3_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2027q3_gc_principal:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gc_principal:base/value | None | 35.0 |
| /operating_model/cells/base_2027q3_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2027q3_gc_quarter:base/id | None | base_2027q3_gc_quarter |
| /operating_model/cells/base_2027q3_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q3_gc_quarter:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q3_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gp_da:base/case | None | base |
| /operating_model/cells/base_2027q3_gp_da:base/id | None | base_2027q3_gp_da |
| /operating_model/cells/base_2027q3_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2027q3_gp_da:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gp_da:base/value | None | 0.7 |
| /operating_model/cells/base_2027q3_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2027q3_gross_cost:base/case | None | base |
| /operating_model/cells/base_2027q3_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_gross_cost:base/formula/refs/0 | None | base_2027q3_claims |
| /operating_model/cells/base_2027q3_gross_cost:base/formula/refs/1 | None | base_2027q3_other_insurance |
| /operating_model/cells/base_2027q3_gross_cost:base/formula/refs/2 | None | base_2027q3_gp_da |
| /operating_model/cells/base_2027q3_gross_cost:base/id | None | base_2027q3_gross_cost |
| /operating_model/cells/base_2027q3_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2027q3_gross_cost:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gross_cost:base/value | None | 281.62000000000006 |
| /operating_model/cells/base_2027q3_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_gross_earned:base/case | None | base |
| /operating_model/cells/base_2027q3_gross_earned:base/id | None | base_2027q3_gross_earned |
| /operating_model/cells/base_2027q3_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2027q3_gross_earned:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gross_earned:base/value | None | 470.0 |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/formula/refs/0 | None | base_2027q3_attritional_loss |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/formula/refs/1 | None | base_2027q3_cat_loss |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/formula/refs/2 | None | base_2027q3_lae_ratio |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/formula/refs/3 | None | base_2027q3_prior_development |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/id | None | base_2027q3_gross_loss_ratio |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_gross_loss_ratio:base/value | None | 0.6500000000000001 |
| /operating_model/cells/base_2027q3_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2027q3_gross_profit:base/case | None | base |
| /operating_model/cells/base_2027q3_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_gross_profit:base/formula/refs/0 | None | base_2027q3_revenue |
| /operating_model/cells/base_2027q3_gross_profit:base/formula/refs/1 | None | base_2027q3_gross_cost |
| /operating_model/cells/base_2027q3_gross_profit:base/id | None | base_2027q3_gross_profit |
| /operating_model/cells/base_2027q3_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2027q3_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2027q3_gross_profit:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_gross_profit:base/value | None | 139.37999999999994 |
| /operating_model/cells/base_2027q3_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2027q3_growth_advances:base/case | None | base |
| /operating_model/cells/base_2027q3_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_growth_advances:base/formula/refs/0 | None | base_2027q3_gc_advance |
| /operating_model/cells/base_2027q3_growth_advances:base/formula/refs/1 | None | base_2027q3_hannover_advance |
| /operating_model/cells/base_2027q3_growth_advances:base/id | None | base_2027q3_growth_advances |
| /operating_model/cells/base_2027q3_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2027q3_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2027q3_growth_advances:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_growth_advances:base/value | None | 40.0 |
| /operating_model/cells/base_2027q3_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2027q3_growth_principal:base/case | None | base |
| /operating_model/cells/base_2027q3_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_growth_principal:base/formula/refs/0 | None | base_2027q3_gc_principal |
| /operating_model/cells/base_2027q3_growth_principal:base/formula/refs/1 | None | base_2027q3_hannover_principal |
| /operating_model/cells/base_2027q3_growth_principal:base/id | None | base_2027q3_growth_principal |
| /operating_model/cells/base_2027q3_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2027q3_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2027q3_growth_principal:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_growth_principal:base/value | None | 45.0 |
| /operating_model/cells/base_2027q3_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_advance:base/id | None | base_2027q3_hannover_advance |
| /operating_model/cells/base_2027q3_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2027q3_hannover_advance:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_advance:base/value | None | 40.0 |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/id | None | base_2027q3_hannover_annual_rate |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2027q3_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2027q3_hannover_available:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_hannover_available:base/formula/refs/0 | None | base_2027q2_hannover_ending |
| /operating_model/cells/base_2027q3_hannover_available:base/formula/refs/1 | None | base_2027q3_hannover_advance |
| /operating_model/cells/base_2027q3_hannover_available:base/id | None | base_2027q3_hannover_available |
| /operating_model/cells/base_2027q3_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2027q3_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2027q3_hannover_available:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_available:base/value | None | 115.0 |
| /operating_model/cells/base_2027q3_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q3_hannover_average:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_hannover_average:base/formula/refs/0 | None | base_2027q3_hannover_balance_sum |
| /operating_model/cells/base_2027q3_hannover_average:base/formula/refs/1 | None | base_2027q3_hannover_half |
| /operating_model/cells/base_2027q3_hannover_average:base/id | None | base_2027q3_hannover_average |
| /operating_model/cells/base_2027q3_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2027q3_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2027q3_hannover_average:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_average:base/value | None | 90.0 |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/formula/refs/0 | None | base_2027q2_hannover_ending |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/formula/refs/1 | None | base_2027q3_hannover_ending |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/id | None | base_2027q3_hannover_balance_sum |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_balance_sum:base/value | None | 180.0 |
| /operating_model/cells/base_2027q3_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2027q3_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_hannover_ending:base/formula/refs/0 | None | base_2027q3_hannover_available |
| /operating_model/cells/base_2027q3_hannover_ending:base/formula/refs/1 | None | base_2027q3_hannover_principal |
| /operating_model/cells/base_2027q3_hannover_ending:base/id | None | base_2027q3_hannover_ending |
| /operating_model/cells/base_2027q3_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q3_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2027q3_hannover_ending:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_ending:base/value | None | 105.0 |
| /operating_model/cells/base_2027q3_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_hannover_half:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_half:base/id | None | base_2027q3_hannover_half |
| /operating_model/cells/base_2027q3_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q3_hannover_half:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q3_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q3_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_hannover_interest:base/formula/refs/0 | None | base_2027q3_hannover_average |
| /operating_model/cells/base_2027q3_hannover_interest:base/formula/refs/1 | None | base_2027q3_hannover_annual_rate |
| /operating_model/cells/base_2027q3_hannover_interest:base/formula/refs/2 | None | base_2027q3_hannover_quarter |
| /operating_model/cells/base_2027q3_hannover_interest:base/id | None | base_2027q3_hannover_interest |
| /operating_model/cells/base_2027q3_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q3_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2027q3_hannover_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_interest:base/value | None | 2.205 |
| /operating_model/cells/base_2027q3_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_principal:base/id | None | base_2027q3_hannover_principal |
| /operating_model/cells/base_2027q3_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2027q3_hannover_principal:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_hannover_principal:base/value | None | 10.0 |
| /operating_model/cells/base_2027q3_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2027q3_hannover_quarter:base/id | None | base_2027q3_hannover_quarter |
| /operating_model/cells/base_2027q3_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q3_hannover_quarter:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/id | None | base_2027q3_insurance_cost_ratio |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2027q3_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2027q3_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2027q3_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_insurance_inflows:base/formula/refs/0 | None | base_2027q3_unearned_inflow |
| /operating_model/cells/base_2027q3_insurance_inflows:base/formula/refs/1 | None | base_2027q3_claims_reserve_inflow |
| /operating_model/cells/base_2027q3_insurance_inflows:base/id | None | base_2027q3_insurance_inflows |
| /operating_model/cells/base_2027q3_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2027q3_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2027q3_insurance_inflows:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_insurance_inflows:base/value | None | 102.0 |
| /operating_model/cells/base_2027q3_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2027q3_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2027q3_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_insurance_uses:base/formula/refs/0 | None | base_2027q3_premium_receivables |
| /operating_model/cells/base_2027q3_insurance_uses:base/formula/refs/1 | None | base_2027q3_reinsurance_other |
| /operating_model/cells/base_2027q3_insurance_uses:base/id | None | base_2027q3_insurance_uses |
| /operating_model/cells/base_2027q3_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q3_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2027q3_insurance_uses:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_insurance_uses:base/value | None | 100.0 |
| /operating_model/cells/base_2027q3_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2027q3_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2027q3_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_insurance_wc:base/formula/refs/0 | None | base_2027q3_insurance_inflows |
| /operating_model/cells/base_2027q3_insurance_wc:base/formula/refs/1 | None | base_2027q3_insurance_uses |
| /operating_model/cells/base_2027q3_insurance_wc:base/id | None | base_2027q3_insurance_wc |
| /operating_model/cells/base_2027q3_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2027q3_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2027q3_insurance_wc:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2027q3_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_investment_income:base/case | None | base |
| /operating_model/cells/base_2027q3_investment_income:base/id | None | base_2027q3_investment_income |
| /operating_model/cells/base_2027q3_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2027q3_investment_income:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2027q3_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2027q3_lae_ratio:base/id | None | base_2027q3_lae_ratio |
| /operating_model/cells/base_2027q3_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2027q3_lae_ratio:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2027q3_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2027q3_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2027q3_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_net_growth_financing:base/formula/refs/0 | None | base_2027q3_growth_advances |
| /operating_model/cells/base_2027q3_net_growth_financing:base/formula/refs/1 | None | base_2027q3_growth_principal |
| /operating_model/cells/base_2027q3_net_growth_financing:base/id | None | base_2027q3_net_growth_financing |
| /operating_model/cells/base_2027q3_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q3_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2027q3_net_growth_financing:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_net_growth_financing:base/value | None | -5.0 |
| /operating_model/cells/base_2027q3_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2027q3_net_income:base/case | None | base |
| /operating_model/cells/base_2027q3_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_net_income:base/formula/refs/0 | None | base_2027q3_pretax |
| /operating_model/cells/base_2027q3_net_income:base/formula/refs/1 | None | base_2027q3_cash_tax |
| /operating_model/cells/base_2027q3_net_income:base/id | None | base_2027q3_net_income |
| /operating_model/cells/base_2027q3_net_income:base/kind | None | derived |
| /operating_model/cells/base_2027q3_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2027q3_net_income:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_net_income:base/value | None | -17.261000000000013 |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/formula/refs/0 | None | base_2027q3_gross_loss_ratio |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/formula/refs/1 | None | base_2027q3_net_reinsurance_basis |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/id | None | base_2027q3_net_loss_ratio |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_net_loss_ratio:base/value | None | 0.6600000000000001 |
| /operating_model/cells/base_2027q3_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2027q3_net_premium:base/case | None | base |
| /operating_model/cells/base_2027q3_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_net_premium:base/formula/refs/0 | None | base_2027q3_gross_earned |
| /operating_model/cells/base_2027q3_net_premium:base/formula/refs/1 | None | base_2027q3_retention |
| /operating_model/cells/base_2027q3_net_premium:base/id | None | base_2027q3_net_premium |
| /operating_model/cells/base_2027q3_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q3_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2027q3_net_premium:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_net_premium:base/value | None | 368.6666666666667 |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/id | None | base_2027q3_net_reinsurance_basis |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2027q3_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2027q3_operating_expense:base/case | None | base |
| /operating_model/cells/base_2027q3_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_operating_expense:base/formula/refs/0 | None | base_2027q3_ordinary_opex |
| /operating_model/cells/base_2027q3_operating_expense:base/formula/refs/1 | None | base_2027q3_finance_interest |
| /operating_model/cells/base_2027q3_operating_expense:base/id | None | base_2027q3_operating_expense |
| /operating_model/cells/base_2027q3_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2027q3_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2027q3_operating_expense:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_operating_expense:base/value | None | 155.04099999999994 |
| /operating_model/cells/base_2027q3_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2027q3_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2027q3_ordinary_opex:base/id | None | base_2027q3_ordinary_opex |
| /operating_model/cells/base_2027q3_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2027q3_ordinary_opex:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_ordinary_opex:base/value | None | 145.67999999999995 |
| /operating_model/cells/base_2027q3_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2027q3_other_insurance:base/case | None | base |
| /operating_model/cells/base_2027q3_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_other_insurance:base/formula/refs/0 | None | base_2027q3_gross_earned |
| /operating_model/cells/base_2027q3_other_insurance:base/formula/refs/1 | None | base_2027q3_insurance_cost_ratio |
| /operating_model/cells/base_2027q3_other_insurance:base/id | None | base_2027q3_other_insurance |
| /operating_model/cells/base_2027q3_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2027q3_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2027q3_other_insurance:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_other_insurance:base/value | None | 37.6 |
| /operating_model/cells/base_2027q3_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_other_interest:base/case | None | base |
| /operating_model/cells/base_2027q3_other_interest:base/id | None | base_2027q3_other_interest |
| /operating_model/cells/base_2027q3_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2027q3_other_interest:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2027q3_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_other_revenue:base/case | None | base |
| /operating_model/cells/base_2027q3_other_revenue:base/id | None | base_2027q3_other_revenue |
| /operating_model/cells/base_2027q3_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2027q3_other_revenue:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_other_revenue:base/value | None | 17.0 |
| /operating_model/cells/base_2027q3_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2027q3_premium_receivables:base/id | None | base_2027q3_premium_receivables |
| /operating_model/cells/base_2027q3_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2027q3_premium_receivables:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_premium_receivables:base/value | None | 88.0 |
| /operating_model/cells/base_2027q3_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2027q3_pretax:base/case | None | base |
| /operating_model/cells/base_2027q3_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_pretax:base/formula/refs/0 | None | base_2027q3_revenue |
| /operating_model/cells/base_2027q3_pretax:base/formula/refs/1 | None | base_2027q3_total_cost |
| /operating_model/cells/base_2027q3_pretax:base/id | None | base_2027q3_pretax |
| /operating_model/cells/base_2027q3_pretax:base/kind | None | derived |
| /operating_model/cells/base_2027q3_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2027q3_pretax:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_pretax:base/value | None | -14.961000000000013 |
| /operating_model/cells/base_2027q3_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_prior_development:base/case | None | base |
| /operating_model/cells/base_2027q3_prior_development:base/id | None | base_2027q3_prior_development |
| /operating_model/cells/base_2027q3_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2027q3_prior_development:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_prior_development:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2027q3_reinsurance_other:base/id | None | base_2027q3_reinsurance_other |
| /operating_model/cells/base_2027q3_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2027q3_reinsurance_other:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_reinsurance_other:base/value | None | 12.0 |
| /operating_model/cells/base_2027q3_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2027q3_retention:base/case | None | base |
| /operating_model/cells/base_2027q3_retention:base/id | None | base_2027q3_retention |
| /operating_model/cells/base_2027q3_retention:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2027q3_retention:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_retention:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_retention:base/value | None | 0.7843971631205674 |
| /operating_model/cells/base_2027q3_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2027q3_revenue:base/case | None | base |
| /operating_model/cells/base_2027q3_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/0 | None | base_2027q3_net_premium |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/1 | None | base_2027q3_ceding_commission |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/2 | None | base_2027q3_investment_income |
| /operating_model/cells/base_2027q3_revenue:base/formula/refs/3 | None | base_2027q3_other_revenue |
| /operating_model/cells/base_2027q3_revenue:base/id | None | base_2027q3_revenue |
| /operating_model/cells/base_2027q3_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q3_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q3_revenue:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_revenue:base/value | None | 421.0 |
| /operating_model/cells/base_2027q3_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_sbc:base/case | None | base |
| /operating_model/cells/base_2027q3_sbc:base/id | None | base_2027q3_sbc |
| /operating_model/cells/base_2027q3_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2027q3_sbc:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_sbc:base/value | None | 28.0 |
| /operating_model/cells/base_2027q3_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2027q3_total_cost:base/case | None | base |
| /operating_model/cells/base_2027q3_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_total_cost:base/formula/refs/0 | None | base_2027q3_claims |
| /operating_model/cells/base_2027q3_total_cost:base/formula/refs/1 | None | base_2027q3_other_insurance |
| /operating_model/cells/base_2027q3_total_cost:base/formula/refs/2 | None | base_2027q3_operating_expense |
| /operating_model/cells/base_2027q3_total_cost:base/id | None | base_2027q3_total_cost |
| /operating_model/cells/base_2027q3_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q3_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2027q3_total_cost:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_total_cost:base/value | None | 435.961 |
| /operating_model/cells/base_2027q3_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q3_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2027q3_unearned_inflow:base/id | None | base_2027q3_unearned_inflow |
| /operating_model/cells/base_2027q3_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2027q3_unearned_inflow:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_unearned_inflow:base/value | None | 90.0 |
| /operating_model/cells/base_2027q4_adj_ebitda:base/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/base_2027q4_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/0 | None | base_2027q4_ebitda_add |
| /operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/1 | None | base_2027q4_ebitda_income_remove |
| /operating_model/cells/base_2027q4_adj_ebitda:base/id | None | base_2027q4_adj_ebitda |
| /operating_model/cells/base_2027q4_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_2027q4_adj_ebitda:base/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/base_2027q4_adj_ebitda:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_adj_ebitda:base/value | None | 30.00000000000002 |
| /operating_model/cells/base_2027q4_attritional_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_attritional_loss:base/case | None | base |
| /operating_model/cells/base_2027q4_attritional_loss:base/id | None | base_2027q4_attritional_loss |
| /operating_model/cells/base_2027q4_attritional_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_attritional_loss:base/label | None | Attritional loss ratio |
| /operating_model/cells/base_2027q4_attritional_loss:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_attritional_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_attritional_loss:base/value | None | 0.555 |
| /operating_model/cells/base_2027q4_bad_debt:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_bad_debt:base/case | None | base |
| /operating_model/cells/base_2027q4_bad_debt:base/id | None | base_2027q4_bad_debt |
| /operating_model/cells/base_2027q4_bad_debt:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_bad_debt:base/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/base_2027q4_bad_debt:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_bad_debt:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_bad_debt:base/value | None | 9.0 |
| /operating_model/cells/base_2027q4_capex:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_capex:base/case | None | base |
| /operating_model/cells/base_2027q4_capex:base/id | None | base_2027q4_capex |
| /operating_model/cells/base_2027q4_capex:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_capex:base/label | None | Cash capex |
| /operating_model/cells/base_2027q4_capex:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_capex:base/value | None | 7.5 |
| /operating_model/cells/base_2027q4_cash_after_financing:base/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/base_2027q4_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_cash_after_financing:base/formula/refs/0 | None | base_2027q4_fcf |
| /operating_model/cells/base_2027q4_cash_after_financing:base/formula/refs/1 | None | base_2027q4_net_growth_financing |
| /operating_model/cells/base_2027q4_cash_after_financing:base/id | None | base_2027q4_cash_after_financing |
| /operating_model/cells/base_2027q4_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cash_after_financing:base/label | None | Cash after net growth borrowing |
| /operating_model/cells/base_2027q4_cash_after_financing:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_after_financing:base/value | None | 28.265250000000023 |
| /operating_model/cells/base_2027q4_cash_tax:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_cash_tax:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_tax:base/id | None | base_2027q4_cash_tax |
| /operating_model/cells/base_2027q4_cash_tax:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_cash_tax:base/label | None | Income tax cash/expense allowance |
| /operating_model/cells/base_2027q4_cash_tax:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_tax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_tax:base/value | None | 2.5 |
| /operating_model/cells/base_2027q4_cat_loss:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_cat_loss:base/case | None | base |
| /operating_model/cells/base_2027q4_cat_loss:base/id | None | base_2027q4_cat_loss |
| /operating_model/cells/base_2027q4_cat_loss:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_cat_loss:base/label | None | Catastrophe loss ratio |
| /operating_model/cells/base_2027q4_cat_loss:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cat_loss:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_cat_loss:base/value | None | 0.03 |
| /operating_model/cells/base_2027q4_ceded_premium:base/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/base_2027q4_ceded_premium:base/case | None | base |
| /operating_model/cells/base_2027q4_ceded_premium:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_ceded_premium:base/formula/refs/0 | None | base_2027q4_gross_earned |
| /operating_model/cells/base_2027q4_ceded_premium:base/formula/refs/1 | None | base_2027q4_net_premium |
| /operating_model/cells/base_2027q4_ceded_premium:base/id | None | base_2027q4_ceded_premium |
| /operating_model/cells/base_2027q4_ceded_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q4_ceded_premium:base/label | None | Ceded earned premium |
| /operating_model/cells/base_2027q4_ceded_premium:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ceded_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ceded_premium:base/value | None | 106.66666666666669 |
| /operating_model/cells/base_2027q4_ceding_commission:base/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/base_2027q4_ceding_commission:base/case | None | base |
| /operating_model/cells/base_2027q4_ceding_commission:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_ceding_commission:base/formula/refs/0 | None | base_2027q4_ceded_premium |
| /operating_model/cells/base_2027q4_ceding_commission:base/formula/refs/1 | None | base_2027q4_commission_rate |
| /operating_model/cells/base_2027q4_ceding_commission:base/id | None | base_2027q4_ceding_commission |
| /operating_model/cells/base_2027q4_ceding_commission:base/kind | None | derived |
| /operating_model/cells/base_2027q4_ceding_commission:base/label | None | Ceding commission income |
| /operating_model/cells/base_2027q4_ceding_commission:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ceding_commission:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ceding_commission:base/value | None | 26.66666666666667 |
| /operating_model/cells/base_2027q4_cfo:base/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/base_2027q4_cfo:base/case | None | base |
| /operating_model/cells/base_2027q4_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/0 | None | base_2027q4_net_income |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/1 | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/2 | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/3 | None | base_2027q4_bad_debt |
| /operating_model/cells/base_2027q4_cfo:base/formula/refs/4 | None | base_2027q4_insurance_wc |
| /operating_model/cells/base_2027q4_cfo:base/id | None | base_2027q4_cfo |
| /operating_model/cells/base_2027q4_cfo:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cfo:base/label | None | Operating cash flow proxy |
| /operating_model/cells/base_2027q4_cfo:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cfo:base/value | None | 40.76525000000002 |
| /operating_model/cells/base_2027q4_claims:base/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/base_2027q4_claims:base/case | None | base |
| /operating_model/cells/base_2027q4_claims:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_claims:base/formula/refs/0 | None | base_2027q4_net_premium |
| /operating_model/cells/base_2027q4_claims:base/formula/refs/1 | None | base_2027q4_net_loss_ratio |
| /operating_model/cells/base_2027q4_claims:base/id | None | base_2027q4_claims |
| /operating_model/cells/base_2027q4_claims:base/kind | None | derived |
| /operating_model/cells/base_2027q4_claims:base/label | None | Net losses and adjustment expense |
| /operating_model/cells/base_2027q4_claims:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_claims:base/value | None | 256.925 |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/case | None | base |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/id | None | base_2027q4_claims_reserve_inflow |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/label | None | Claims reserve cash inflow |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_claims_reserve_inflow:base/value | None | 13.0 |
| /operating_model/cells/base_2027q4_commission_rate:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_commission_rate:base/case | None | base |
| /operating_model/cells/base_2027q4_commission_rate:base/id | None | base_2027q4_commission_rate |
| /operating_model/cells/base_2027q4_commission_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_commission_rate:base/label | None | Ceding commission / ceded premium |
| /operating_model/cells/base_2027q4_commission_rate:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_commission_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_commission_rate:base/value | None | 0.25 |
| /operating_model/cells/base_2027q4_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_da:base/case | None | base |
| /operating_model/cells/base_2027q4_da:base/id | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_da:base/label | None | Total depreciation and amortization |
| /operating_model/cells/base_2027q4_da:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_da:base/value | None | 3.8 |
| /operating_model/cells/base_2027q4_ebitda_add:base/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/base_2027q4_ebitda_add:base/case | None | base |
| /operating_model/cells/base_2027q4_ebitda_add:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_ebitda_add:base/formula/refs/0 | None | base_2027q4_pretax |
| /operating_model/cells/base_2027q4_ebitda_add:base/formula/refs/1 | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_ebitda_add:base/formula/refs/2 | None | base_2027q4_da |
| /operating_model/cells/base_2027q4_ebitda_add:base/formula/refs/3 | None | base_2027q4_finance_interest |
| /operating_model/cells/base_2027q4_ebitda_add:base/id | None | base_2027q4_ebitda_add |
| /operating_model/cells/base_2027q4_ebitda_add:base/kind | None | derived |
| /operating_model/cells/base_2027q4_ebitda_add:base/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/base_2027q4_ebitda_add:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ebitda_add:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ebitda_add:base/value | None | 41.00000000000002 |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/case | None | base |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/formula/refs/0 | None | base_2027q4_investment_income |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/formula/refs/1 | None | base_2027q4_other_interest |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/id | None | base_2027q4_ebitda_income_remove |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/kind | None | derived |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/label | None | Excluded investment and other interest |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ebitda_income_remove:base/value | None | 11.0 |
| /operating_model/cells/base_2027q4_fcf:base/basis | None | No debt proceeds included. |
| /operating_model/cells/base_2027q4_fcf:base/case | None | base |
| /operating_model/cells/base_2027q4_fcf:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_fcf:base/formula/refs/0 | None | base_2027q4_cfo |
| /operating_model/cells/base_2027q4_fcf:base/formula/refs/1 | None | base_2027q4_capex |
| /operating_model/cells/base_2027q4_fcf:base/id | None | base_2027q4_fcf |
| /operating_model/cells/base_2027q4_fcf:base/kind | None | derived |
| /operating_model/cells/base_2027q4_fcf:base/label | None | Unfinanced free cash flow |
| /operating_model/cells/base_2027q4_fcf:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_fcf:base/value | None | 33.26525000000002 |
| /operating_model/cells/base_2027q4_finance_interest:base/basis | None | Old and new financing coexist. |
| /operating_model/cells/base_2027q4_finance_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_finance_interest:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_finance_interest:base/formula/refs/0 | None | base_2027q4_gc_interest |
| /operating_model/cells/base_2027q4_finance_interest:base/formula/refs/1 | None | base_2027q4_hannover_interest |
| /operating_model/cells/base_2027q4_finance_interest:base/id | None | base_2027q4_finance_interest |
| /operating_model/cells/base_2027q4_finance_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q4_finance_interest:base/label | None | Growth-financing interest |
| /operating_model/cells/base_2027q4_finance_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_finance_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_finance_interest:base/value | None | 8.734749999999998 |
| /operating_model/cells/base_2027q4_gc_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gc_advance:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_advance:base/id | None | base_2027q4_gc_advance |
| /operating_model/cells/base_2027q4_gc_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gc_advance:base/label | None | General Catalyst new advances |
| /operating_model/cells/base_2027q4_gc_advance:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_advance:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/id | None | base_2027q4_gc_annual_rate |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/label | None | gc annual financing rate |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_gc_annual_rate:base/value | None | 0.16 |
| /operating_model/cells/base_2027q4_gc_available:base/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/base_2027q4_gc_available:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_gc_available:base/formula/refs/0 | None | base_2027q3_gc_ending |
| /operating_model/cells/base_2027q4_gc_available:base/formula/refs/1 | None | base_2027q4_gc_advance |
| /operating_model/cells/base_2027q4_gc_available:base/id | None | base_2027q4_gc_available |
| /operating_model/cells/base_2027q4_gc_available:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gc_available:base/label | None | GC opening plus advances |
| /operating_model/cells/base_2027q4_gc_available:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_available:base/value | None | 161.39999999999998 |
| /operating_model/cells/base_2027q4_gc_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q4_gc_average:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_gc_average:base/formula/refs/0 | None | base_2027q4_gc_balance_sum |
| /operating_model/cells/base_2027q4_gc_average:base/formula/refs/1 | None | base_2027q4_gc_half |
| /operating_model/cells/base_2027q4_gc_average:base/id | None | base_2027q4_gc_average |
| /operating_model/cells/base_2027q4_gc_average:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gc_average:base/label | None | Average gc borrowing |
| /operating_model/cells/base_2027q4_gc_average:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_average:base/value | None | 146.39999999999998 |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/formula/refs/0 | None | base_2027q3_gc_ending |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/formula/refs/1 | None | base_2027q4_gc_ending |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/id | None | base_2027q4_gc_balance_sum |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/label | None | Opening plus closing gc balance |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_balance_sum:base/value | None | 292.79999999999995 |
| /operating_model/cells/base_2027q4_gc_ending:base/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/base_2027q4_gc_ending:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_gc_ending:base/formula/refs/0 | None | base_2027q4_gc_available |
| /operating_model/cells/base_2027q4_gc_ending:base/formula/refs/1 | None | base_2027q4_gc_principal |
| /operating_model/cells/base_2027q4_gc_ending:base/id | None | base_2027q4_gc_ending |
| /operating_model/cells/base_2027q4_gc_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gc_ending:base/label | None | General Catalyst ending borrowing |
| /operating_model/cells/base_2027q4_gc_ending:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_ending:base/value | None | 131.39999999999998 |
| /operating_model/cells/base_2027q4_gc_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gc_half:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_half:base/id | None | base_2027q4_gc_half |
| /operating_model/cells/base_2027q4_gc_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gc_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q4_gc_half:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_gc_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q4_gc_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q4_gc_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_gc_interest:base/formula/refs/0 | None | base_2027q4_gc_average |
| /operating_model/cells/base_2027q4_gc_interest:base/formula/refs/1 | None | base_2027q4_gc_annual_rate |
| /operating_model/cells/base_2027q4_gc_interest:base/formula/refs/2 | None | base_2027q4_gc_quarter |
| /operating_model/cells/base_2027q4_gc_interest:base/id | None | base_2027q4_gc_interest |
| /operating_model/cells/base_2027q4_gc_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gc_interest:base/label | None | gc interest |
| /operating_model/cells/base_2027q4_gc_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_interest:base/value | None | 5.855999999999999 |
| /operating_model/cells/base_2027q4_gc_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gc_principal:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_principal:base/id | None | base_2027q4_gc_principal |
| /operating_model/cells/base_2027q4_gc_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gc_principal:base/label | None | General Catalyst principal repayment |
| /operating_model/cells/base_2027q4_gc_principal:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gc_principal:base/value | None | 30.0 |
| /operating_model/cells/base_2027q4_gc_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gc_quarter:base/case | None | base |
| /operating_model/cells/base_2027q4_gc_quarter:base/id | None | base_2027q4_gc_quarter |
| /operating_model/cells/base_2027q4_gc_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gc_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q4_gc_quarter:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gc_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_gc_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q4_gp_da:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gp_da:base/case | None | base |
| /operating_model/cells/base_2027q4_gp_da:base/id | None | base_2027q4_gp_da |
| /operating_model/cells/base_2027q4_gp_da:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gp_da:base/label | None | D&A allocated to gross profit |
| /operating_model/cells/base_2027q4_gp_da:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gp_da:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gp_da:base/value | None | 0.75 |
| /operating_model/cells/base_2027q4_gross_cost:base/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/base_2027q4_gross_cost:base/case | None | base |
| /operating_model/cells/base_2027q4_gross_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_gross_cost:base/formula/refs/0 | None | base_2027q4_claims |
| /operating_model/cells/base_2027q4_gross_cost:base/formula/refs/1 | None | base_2027q4_other_insurance |
| /operating_model/cells/base_2027q4_gross_cost:base/formula/refs/2 | None | base_2027q4_gp_da |
| /operating_model/cells/base_2027q4_gross_cost:base/id | None | base_2027q4_gross_cost |
| /operating_model/cells/base_2027q4_gross_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gross_cost:base/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/base_2027q4_gross_cost:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gross_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gross_cost:base/value | None | 298.075 |
| /operating_model/cells/base_2027q4_gross_earned:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_gross_earned:base/case | None | base |
| /operating_model/cells/base_2027q4_gross_earned:base/id | None | base_2027q4_gross_earned |
| /operating_model/cells/base_2027q4_gross_earned:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_gross_earned:base/label | None | Gross earned premium |
| /operating_model/cells/base_2027q4_gross_earned:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gross_earned:base/value | None | 505.0 |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/formula/refs/0 | None | base_2027q4_attritional_loss |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/formula/refs/1 | None | base_2027q4_cat_loss |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/formula/refs/2 | None | base_2027q4_lae_ratio |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/formula/refs/3 | None | base_2027q4_prior_development |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/id | None | base_2027q4_gross_loss_ratio |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/label | None | Gross loss ratio proxy |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_gross_loss_ratio:base/value | None | 0.6350000000000001 |
| /operating_model/cells/base_2027q4_gross_profit:base/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/base_2027q4_gross_profit:base/case | None | base |
| /operating_model/cells/base_2027q4_gross_profit:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_gross_profit:base/formula/refs/0 | None | base_2027q4_revenue |
| /operating_model/cells/base_2027q4_gross_profit:base/formula/refs/1 | None | base_2027q4_gross_cost |
| /operating_model/cells/base_2027q4_gross_profit:base/id | None | base_2027q4_gross_profit |
| /operating_model/cells/base_2027q4_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_2027q4_gross_profit:base/label | None | GAAP gross profit proxy |
| /operating_model/cells/base_2027q4_gross_profit:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_gross_profit:base/value | None | 154.925 |
| /operating_model/cells/base_2027q4_growth_advances:base/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/base_2027q4_growth_advances:base/case | None | base |
| /operating_model/cells/base_2027q4_growth_advances:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_growth_advances:base/formula/refs/0 | None | base_2027q4_gc_advance |
| /operating_model/cells/base_2027q4_growth_advances:base/formula/refs/1 | None | base_2027q4_hannover_advance |
| /operating_model/cells/base_2027q4_growth_advances:base/id | None | base_2027q4_growth_advances |
| /operating_model/cells/base_2027q4_growth_advances:base/kind | None | derived |
| /operating_model/cells/base_2027q4_growth_advances:base/label | None | New growth advances |
| /operating_model/cells/base_2027q4_growth_advances:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_growth_advances:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_growth_advances:base/value | None | 40.0 |
| /operating_model/cells/base_2027q4_growth_principal:base/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/base_2027q4_growth_principal:base/case | None | base |
| /operating_model/cells/base_2027q4_growth_principal:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_growth_principal:base/formula/refs/0 | None | base_2027q4_gc_principal |
| /operating_model/cells/base_2027q4_growth_principal:base/formula/refs/1 | None | base_2027q4_hannover_principal |
| /operating_model/cells/base_2027q4_growth_principal:base/id | None | base_2027q4_growth_principal |
| /operating_model/cells/base_2027q4_growth_principal:base/kind | None | derived |
| /operating_model/cells/base_2027q4_growth_principal:base/label | None | Growth principal repayments |
| /operating_model/cells/base_2027q4_growth_principal:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_growth_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_growth_principal:base/value | None | 45.0 |
| /operating_model/cells/base_2027q4_hannover_advance:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_hannover_advance:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_advance:base/id | None | base_2027q4_hannover_advance |
| /operating_model/cells/base_2027q4_hannover_advance:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hannover_advance:base/label | None | Hannover new advances |
| /operating_model/cells/base_2027q4_hannover_advance:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_advance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_advance:base/value | None | 40.0 |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/id | None | base_2027q4_hannover_annual_rate |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/label | None | hannover annual financing rate |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_hannover_annual_rate:base/value | None | 0.098 |
| /operating_model/cells/base_2027q4_hannover_available:base/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/base_2027q4_hannover_available:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_available:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_hannover_available:base/formula/refs/0 | None | base_2027q3_hannover_ending |
| /operating_model/cells/base_2027q4_hannover_available:base/formula/refs/1 | None | base_2027q4_hannover_advance |
| /operating_model/cells/base_2027q4_hannover_available:base/id | None | base_2027q4_hannover_available |
| /operating_model/cells/base_2027q4_hannover_available:base/kind | None | derived |
| /operating_model/cells/base_2027q4_hannover_available:base/label | None | Hannover opening plus advances |
| /operating_model/cells/base_2027q4_hannover_available:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_available:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_available:base/value | None | 145.0 |
| /operating_model/cells/base_2027q4_hannover_average:base/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/base_2027q4_hannover_average:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_average:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_hannover_average:base/formula/refs/0 | None | base_2027q4_hannover_balance_sum |
| /operating_model/cells/base_2027q4_hannover_average:base/formula/refs/1 | None | base_2027q4_hannover_half |
| /operating_model/cells/base_2027q4_hannover_average:base/id | None | base_2027q4_hannover_average |
| /operating_model/cells/base_2027q4_hannover_average:base/kind | None | derived |
| /operating_model/cells/base_2027q4_hannover_average:base/label | None | Average hannover borrowing |
| /operating_model/cells/base_2027q4_hannover_average:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_average:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_average:base/value | None | 117.5 |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/basis | None | Quarter average approximation. |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/formula/refs/0 | None | base_2027q3_hannover_ending |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/formula/refs/1 | None | base_2027q4_hannover_ending |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/id | None | base_2027q4_hannover_balance_sum |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/kind | None | derived |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/label | None | Opening plus closing hannover balance |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_balance_sum:base/value | None | 235.0 |
| /operating_model/cells/base_2027q4_hannover_ending:base/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/base_2027q4_hannover_ending:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_ending:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_hannover_ending:base/formula/refs/0 | None | base_2027q4_hannover_available |
| /operating_model/cells/base_2027q4_hannover_ending:base/formula/refs/1 | None | base_2027q4_hannover_principal |
| /operating_model/cells/base_2027q4_hannover_ending:base/id | None | base_2027q4_hannover_ending |
| /operating_model/cells/base_2027q4_hannover_ending:base/kind | None | derived |
| /operating_model/cells/base_2027q4_hannover_ending:base/label | None | Hannover ending borrowing |
| /operating_model/cells/base_2027q4_hannover_ending:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_ending:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_ending:base/value | None | 130.0 |
| /operating_model/cells/base_2027q4_hannover_half:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_hannover_half:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_half:base/id | None | base_2027q4_hannover_half |
| /operating_model/cells/base_2027q4_hannover_half:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hannover_half:base/label | None | Average balance factor |
| /operating_model/cells/base_2027q4_hannover_half:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_half:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_hannover_half:base/value | None | 0.5 |
| /operating_model/cells/base_2027q4_hannover_interest:base/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/base_2027q4_hannover_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_interest:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_hannover_interest:base/formula/refs/0 | None | base_2027q4_hannover_average |
| /operating_model/cells/base_2027q4_hannover_interest:base/formula/refs/1 | None | base_2027q4_hannover_annual_rate |
| /operating_model/cells/base_2027q4_hannover_interest:base/formula/refs/2 | None | base_2027q4_hannover_quarter |
| /operating_model/cells/base_2027q4_hannover_interest:base/id | None | base_2027q4_hannover_interest |
| /operating_model/cells/base_2027q4_hannover_interest:base/kind | None | derived |
| /operating_model/cells/base_2027q4_hannover_interest:base/label | None | hannover interest |
| /operating_model/cells/base_2027q4_hannover_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_interest:base/value | None | 2.87875 |
| /operating_model/cells/base_2027q4_hannover_principal:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_hannover_principal:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_principal:base/id | None | base_2027q4_hannover_principal |
| /operating_model/cells/base_2027q4_hannover_principal:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hannover_principal:base/label | None | Hannover principal repayment |
| /operating_model/cells/base_2027q4_hannover_principal:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_principal:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_hannover_principal:base/value | None | 15.0 |
| /operating_model/cells/base_2027q4_hannover_quarter:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_hannover_quarter:base/case | None | base |
| /operating_model/cells/base_2027q4_hannover_quarter:base/id | None | base_2027q4_hannover_quarter |
| /operating_model/cells/base_2027q4_hannover_quarter:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_hannover_quarter:base/label | None | Quarter fraction |
| /operating_model/cells/base_2027q4_hannover_quarter:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_hannover_quarter:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_hannover_quarter:base/value | None | 0.25 |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/case | None | base |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/id | None | base_2027q4_insurance_cost_ratio |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_insurance_cost_ratio:base/value | None | 0.08 |
| /operating_model/cells/base_2027q4_insurance_inflows:base/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/base_2027q4_insurance_inflows:base/case | None | base |
| /operating_model/cells/base_2027q4_insurance_inflows:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_insurance_inflows:base/formula/refs/0 | None | base_2027q4_unearned_inflow |
| /operating_model/cells/base_2027q4_insurance_inflows:base/formula/refs/1 | None | base_2027q4_claims_reserve_inflow |
| /operating_model/cells/base_2027q4_insurance_inflows:base/id | None | base_2027q4_insurance_inflows |
| /operating_model/cells/base_2027q4_insurance_inflows:base/kind | None | derived |
| /operating_model/cells/base_2027q4_insurance_inflows:base/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/base_2027q4_insurance_inflows:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_insurance_inflows:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_insurance_inflows:base/value | None | 110.0 |
| /operating_model/cells/base_2027q4_insurance_uses:base/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/base_2027q4_insurance_uses:base/case | None | base |
| /operating_model/cells/base_2027q4_insurance_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_insurance_uses:base/formula/refs/0 | None | base_2027q4_premium_receivables |
| /operating_model/cells/base_2027q4_insurance_uses:base/formula/refs/1 | None | base_2027q4_reinsurance_other |
| /operating_model/cells/base_2027q4_insurance_uses:base/id | None | base_2027q4_insurance_uses |
| /operating_model/cells/base_2027q4_insurance_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q4_insurance_uses:base/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/base_2027q4_insurance_uses:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_insurance_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_insurance_uses:base/value | None | 108.0 |
| /operating_model/cells/base_2027q4_insurance_wc:base/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/base_2027q4_insurance_wc:base/case | None | base |
| /operating_model/cells/base_2027q4_insurance_wc:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_insurance_wc:base/formula/refs/0 | None | base_2027q4_insurance_inflows |
| /operating_model/cells/base_2027q4_insurance_wc:base/formula/refs/1 | None | base_2027q4_insurance_uses |
| /operating_model/cells/base_2027q4_insurance_wc:base/id | None | base_2027q4_insurance_wc |
| /operating_model/cells/base_2027q4_insurance_wc:base/kind | None | derived |
| /operating_model/cells/base_2027q4_insurance_wc:base/label | None | Insurance working-capital inflow |
| /operating_model/cells/base_2027q4_insurance_wc:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_insurance_wc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_insurance_wc:base/value | None | 2.0 |
| /operating_model/cells/base_2027q4_investment_income:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_investment_income:base/case | None | base |
| /operating_model/cells/base_2027q4_investment_income:base/id | None | base_2027q4_investment_income |
| /operating_model/cells/base_2027q4_investment_income:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_investment_income:base/label | None | Investment income |
| /operating_model/cells/base_2027q4_investment_income:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_investment_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_investment_income:base/value | None | 10.0 |
| /operating_model/cells/base_2027q4_lae_ratio:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_lae_ratio:base/case | None | base |
| /operating_model/cells/base_2027q4_lae_ratio:base/id | None | base_2027q4_lae_ratio |
| /operating_model/cells/base_2027q4_lae_ratio:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_lae_ratio:base/label | None | Loss adjustment ratio |
| /operating_model/cells/base_2027q4_lae_ratio:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_lae_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_lae_ratio:base/value | None | 0.05 |
| /operating_model/cells/base_2027q4_net_growth_financing:base/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/base_2027q4_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_2027q4_net_growth_financing:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_net_growth_financing:base/formula/refs/0 | None | base_2027q4_growth_advances |
| /operating_model/cells/base_2027q4_net_growth_financing:base/formula/refs/1 | None | base_2027q4_growth_principal |
| /operating_model/cells/base_2027q4_net_growth_financing:base/id | None | base_2027q4_net_growth_financing |
| /operating_model/cells/base_2027q4_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_2027q4_net_growth_financing:base/label | None | Net growth borrowing |
| /operating_model/cells/base_2027q4_net_growth_financing:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_net_growth_financing:base/value | None | -5.0 |
| /operating_model/cells/base_2027q4_net_income:base/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/base_2027q4_net_income:base/case | None | base |
| /operating_model/cells/base_2027q4_net_income:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_net_income:base/formula/refs/0 | None | base_2027q4_pretax |
| /operating_model/cells/base_2027q4_net_income:base/formula/refs/1 | None | base_2027q4_cash_tax |
| /operating_model/cells/base_2027q4_net_income:base/id | None | base_2027q4_net_income |
| /operating_model/cells/base_2027q4_net_income:base/kind | None | derived |
| /operating_model/cells/base_2027q4_net_income:base/label | None | Net income proxy |
| /operating_model/cells/base_2027q4_net_income:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_income:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_net_income:base/value | None | -3.034749999999974 |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/case | None | base |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/formula/refs/0 | None | base_2027q4_gross_loss_ratio |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/formula/refs/1 | None | base_2027q4_net_reinsurance_basis |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/id | None | base_2027q4_net_loss_ratio |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/kind | None | derived |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/label | None | Net loss ratio proxy |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_net_loss_ratio:base/value | None | 0.6450000000000001 |
| /operating_model/cells/base_2027q4_net_premium:base/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/base_2027q4_net_premium:base/case | None | base |
| /operating_model/cells/base_2027q4_net_premium:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_net_premium:base/formula/refs/0 | None | base_2027q4_gross_earned |
| /operating_model/cells/base_2027q4_net_premium:base/formula/refs/1 | None | base_2027q4_retention |
| /operating_model/cells/base_2027q4_net_premium:base/id | None | base_2027q4_net_premium |
| /operating_model/cells/base_2027q4_net_premium:base/kind | None | derived |
| /operating_model/cells/base_2027q4_net_premium:base/label | None | Net earned premium |
| /operating_model/cells/base_2027q4_net_premium:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_net_premium:base/value | None | 398.3333333333333 |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/case | None | base |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/id | None | base_2027q4_net_reinsurance_basis |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_net_reinsurance_basis:base/value | None | 0.01 |
| /operating_model/cells/base_2027q4_operating_expense:base/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/base_2027q4_operating_expense:base/case | None | base |
| /operating_model/cells/base_2027q4_operating_expense:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_operating_expense:base/formula/refs/0 | None | base_2027q4_ordinary_opex |
| /operating_model/cells/base_2027q4_operating_expense:base/formula/refs/1 | None | base_2027q4_finance_interest |
| /operating_model/cells/base_2027q4_operating_expense:base/id | None | base_2027q4_operating_expense |
| /operating_model/cells/base_2027q4_operating_expense:base/kind | None | derived |
| /operating_model/cells/base_2027q4_operating_expense:base/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/base_2027q4_operating_expense:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_operating_expense:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_operating_expense:base/value | None | 156.20974999999999 |
| /operating_model/cells/base_2027q4_ordinary_opex:base/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/base_2027q4_ordinary_opex:base/case | None | base |
| /operating_model/cells/base_2027q4_ordinary_opex:base/id | None | base_2027q4_ordinary_opex |
| /operating_model/cells/base_2027q4_ordinary_opex:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_ordinary_opex:base/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/base_2027q4_ordinary_opex:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_ordinary_opex:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_ordinary_opex:base/value | None | 147.475 |
| /operating_model/cells/base_2027q4_other_insurance:base/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/base_2027q4_other_insurance:base/case | None | base |
| /operating_model/cells/base_2027q4_other_insurance:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_other_insurance:base/formula/refs/0 | None | base_2027q4_gross_earned |
| /operating_model/cells/base_2027q4_other_insurance:base/formula/refs/1 | None | base_2027q4_insurance_cost_ratio |
| /operating_model/cells/base_2027q4_other_insurance:base/id | None | base_2027q4_other_insurance |
| /operating_model/cells/base_2027q4_other_insurance:base/kind | None | derived |
| /operating_model/cells/base_2027q4_other_insurance:base/label | None | Other insurance expense |
| /operating_model/cells/base_2027q4_other_insurance:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_other_insurance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_other_insurance:base/value | None | 40.4 |
| /operating_model/cells/base_2027q4_other_interest:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_other_interest:base/case | None | base |
| /operating_model/cells/base_2027q4_other_interest:base/id | None | base_2027q4_other_interest |
| /operating_model/cells/base_2027q4_other_interest:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_other_interest:base/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/base_2027q4_other_interest:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_other_interest:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_other_interest:base/value | None | 1.0 |
| /operating_model/cells/base_2027q4_other_revenue:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_other_revenue:base/case | None | base |
| /operating_model/cells/base_2027q4_other_revenue:base/id | None | base_2027q4_other_revenue |
| /operating_model/cells/base_2027q4_other_revenue:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_other_revenue:base/label | None | Commission and other income |
| /operating_model/cells/base_2027q4_other_revenue:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_other_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_other_revenue:base/value | None | 18.0 |
| /operating_model/cells/base_2027q4_premium_receivables:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_premium_receivables:base/case | None | base |
| /operating_model/cells/base_2027q4_premium_receivables:base/id | None | base_2027q4_premium_receivables |
| /operating_model/cells/base_2027q4_premium_receivables:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_premium_receivables:base/label | None | Premium receivable cash use |
| /operating_model/cells/base_2027q4_premium_receivables:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_premium_receivables:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_premium_receivables:base/value | None | 95.0 |
| /operating_model/cells/base_2027q4_pretax:base/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/base_2027q4_pretax:base/case | None | base |
| /operating_model/cells/base_2027q4_pretax:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_pretax:base/formula/refs/0 | None | base_2027q4_revenue |
| /operating_model/cells/base_2027q4_pretax:base/formula/refs/1 | None | base_2027q4_total_cost |
| /operating_model/cells/base_2027q4_pretax:base/id | None | base_2027q4_pretax |
| /operating_model/cells/base_2027q4_pretax:base/kind | None | derived |
| /operating_model/cells/base_2027q4_pretax:base/label | None | GAAP pretax result |
| /operating_model/cells/base_2027q4_pretax:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_pretax:base/value | None | -0.5347499999999741 |
| /operating_model/cells/base_2027q4_prior_development:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_prior_development:base/case | None | base |
| /operating_model/cells/base_2027q4_prior_development:base/id | None | base_2027q4_prior_development |
| /operating_model/cells/base_2027q4_prior_development:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_prior_development:base/label | None | Prior-period development ratio |
| /operating_model/cells/base_2027q4_prior_development:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_prior_development:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_prior_development:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_reinsurance_other:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_reinsurance_other:base/case | None | base |
| /operating_model/cells/base_2027q4_reinsurance_other:base/id | None | base_2027q4_reinsurance_other |
| /operating_model/cells/base_2027q4_reinsurance_other:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_reinsurance_other:base/label | None | Net reinsurance and other cash use |
| /operating_model/cells/base_2027q4_reinsurance_other:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_reinsurance_other:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_reinsurance_other:base/value | None | 13.0 |
| /operating_model/cells/base_2027q4_retention:base/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/base_2027q4_retention:base/case | None | base |
| /operating_model/cells/base_2027q4_retention:base/id | None | base_2027q4_retention |
| /operating_model/cells/base_2027q4_retention:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_retention:base/label | None | Effective earned premium retention |
| /operating_model/cells/base_2027q4_retention:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_retention:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_retention:base/value | None | 0.7887788778877888 |
| /operating_model/cells/base_2027q4_revenue:base/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/base_2027q4_revenue:base/case | None | base |
| /operating_model/cells/base_2027q4_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/0 | None | base_2027q4_net_premium |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/1 | None | base_2027q4_ceding_commission |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/2 | None | base_2027q4_investment_income |
| /operating_model/cells/base_2027q4_revenue:base/formula/refs/3 | None | base_2027q4_other_revenue |
| /operating_model/cells/base_2027q4_revenue:base/id | None | base_2027q4_revenue |
| /operating_model/cells/base_2027q4_revenue:base/kind | None | derived |
| /operating_model/cells/base_2027q4_revenue:base/label | None | Total revenue |
| /operating_model/cells/base_2027q4_revenue:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_revenue:base/value | None | 453.0 |
| /operating_model/cells/base_2027q4_sbc:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_sbc:base/case | None | base |
| /operating_model/cells/base_2027q4_sbc:base/id | None | base_2027q4_sbc |
| /operating_model/cells/base_2027q4_sbc:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_sbc:base/label | None | Total SBC |
| /operating_model/cells/base_2027q4_sbc:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_sbc:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_sbc:base/value | None | 29.0 |
| /operating_model/cells/base_2027q4_total_cost:base/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/base_2027q4_total_cost:base/case | None | base |
| /operating_model/cells/base_2027q4_total_cost:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_total_cost:base/formula/refs/0 | None | base_2027q4_claims |
| /operating_model/cells/base_2027q4_total_cost:base/formula/refs/1 | None | base_2027q4_other_insurance |
| /operating_model/cells/base_2027q4_total_cost:base/formula/refs/2 | None | base_2027q4_operating_expense |
| /operating_model/cells/base_2027q4_total_cost:base/id | None | base_2027q4_total_cost |
| /operating_model/cells/base_2027q4_total_cost:base/kind | None | derived |
| /operating_model/cells/base_2027q4_total_cost:base/label | None | Claims insurance and departmental expense |
| /operating_model/cells/base_2027q4_total_cost:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_total_cost:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_total_cost:base/value | None | 453.53475 |
| /operating_model/cells/base_2027q4_unearned_inflow:base/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/base_2027q4_unearned_inflow:base/case | None | base |
| /operating_model/cells/base_2027q4_unearned_inflow:base/id | None | base_2027q4_unearned_inflow |
| /operating_model/cells/base_2027q4_unearned_inflow:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_unearned_inflow:base/label | None | Unearned premium cash inflow |
| /operating_model/cells/base_2027q4_unearned_inflow:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_unearned_inflow:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_unearned_inflow:base/value | None | 97.0 |
| /operating_model/cells/base_fy2026_adj_ebitda:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/1 | None | base_2026q3_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/2 | None | base_2026q4_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/id | None | base_fy2026_adj_ebitda |
| /operating_model/cells/base_fy2026_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_fy2026_adj_ebitda:base/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/base_fy2026_adj_ebitda:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_adj_ebitda:base/value | None | -49.00000000000002 |
| /operating_model/cells/base_fy2026_capex:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_capex:base/case | None | base |
| /operating_model/cells/base_fy2026_capex:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/0 | None | h1_capex |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/1 | None | base_2026q3_capex |
| /operating_model/cells/base_fy2026_capex:base/formula/refs/2 | None | base_2026q4_capex |
| /operating_model/cells/base_fy2026_capex:base/id | None | base_fy2026_capex |
| /operating_model/cells/base_fy2026_capex:base/kind | None | derived |
| /operating_model/cells/base_fy2026_capex:base/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/base_fy2026_capex:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_capex:base/value | None | 18.6 |
| /operating_model/cells/base_fy2026_cash_after_financing:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_fy2026_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_cash_after_financing:base/formula/refs/0 | None | h1_cash_after_financing |
| /operating_model/cells/base_fy2026_cash_after_financing:base/formula/refs/1 | None | base_2026q3_cash_after_financing |
| /operating_model/cells/base_fy2026_cash_after_financing:base/formula/refs/2 | None | base_2026q4_cash_after_financing |
| /operating_model/cells/base_fy2026_cash_after_financing:base/id | None | base_fy2026_cash_after_financing |
| /operating_model/cells/base_fy2026_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_fy2026_cash_after_financing:base/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/base_fy2026_cash_after_financing:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_cash_after_financing:base/value | None | 84.98799999999997 |
| /operating_model/cells/base_fy2026_cfo:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_cfo:base/case | None | base |
| /operating_model/cells/base_fy2026_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/1 | None | base_2026q3_cfo |
| /operating_model/cells/base_fy2026_cfo:base/formula/refs/2 | None | base_2026q4_cfo |
| /operating_model/cells/base_fy2026_cfo:base/id | None | base_fy2026_cfo |
| /operating_model/cells/base_fy2026_cfo:base/kind | None | derived |
| /operating_model/cells/base_fy2026_cfo:base/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/base_fy2026_cfo:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_cfo:base/value | None | 0.28799999999997894 |
| /operating_model/cells/base_fy2026_claims:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_claims:base/case | None | base |
| /operating_model/cells/base_fy2026_claims:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_claims:base/formula/refs/0 | None | h1_claims |
| /operating_model/cells/base_fy2026_claims:base/formula/refs/1 | None | base_2026q3_claims |
| /operating_model/cells/base_fy2026_claims:base/formula/refs/2 | None | base_2026q4_claims |
| /operating_model/cells/base_fy2026_claims:base/id | None | base_fy2026_claims |
| /operating_model/cells/base_fy2026_claims:base/kind | None | derived |
| /operating_model/cells/base_fy2026_claims:base/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/base_fy2026_claims:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_claims:base/value | None | 665.6116666666667 |
| /operating_model/cells/base_fy2026_fcf:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_fcf:base/case | None | base |
| /operating_model/cells/base_fy2026_fcf:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_fcf:base/formula/refs/0 | None | h1_fcf |
| /operating_model/cells/base_fy2026_fcf:base/formula/refs/1 | None | base_2026q3_fcf |
| /operating_model/cells/base_fy2026_fcf:base/formula/refs/2 | None | base_2026q4_fcf |
| /operating_model/cells/base_fy2026_fcf:base/id | None | base_fy2026_fcf |
| /operating_model/cells/base_fy2026_fcf:base/kind | None | derived |
| /operating_model/cells/base_fy2026_fcf:base/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/base_fy2026_fcf:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_fcf:base/value | None | -18.31200000000002 |
| /operating_model/cells/base_fy2026_gross_earned:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_gross_earned:base/case | None | base |
| /operating_model/cells/base_fy2026_gross_earned:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_gross_earned:base/formula/refs/0 | None | h1_gross_earned |
| /operating_model/cells/base_fy2026_gross_earned:base/formula/refs/1 | None | base_2026q3_gross_earned |
| /operating_model/cells/base_fy2026_gross_earned:base/formula/refs/2 | None | base_2026q4_gross_earned |
| /operating_model/cells/base_fy2026_gross_earned:base/id | None | base_fy2026_gross_earned |
| /operating_model/cells/base_fy2026_gross_earned:base/kind | None | derived |
| /operating_model/cells/base_fy2026_gross_earned:base/label | None | Gross earned premium ($M) |
| /operating_model/cells/base_fy2026_gross_earned:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_gross_earned:base/value | None | 1376.0 |
| /operating_model/cells/base_fy2026_gross_profit:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_gross_profit:base/case | None | base |
| /operating_model/cells/base_fy2026_gross_profit:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_gross_profit:base/formula/refs/0 | None | h1_gross_profit |
| /operating_model/cells/base_fy2026_gross_profit:base/formula/refs/1 | None | base_2026q3_gross_profit |
| /operating_model/cells/base_fy2026_gross_profit:base/formula/refs/2 | None | base_2026q4_gross_profit |
| /operating_model/cells/base_fy2026_gross_profit:base/id | None | base_fy2026_gross_profit |
| /operating_model/cells/base_fy2026_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_fy2026_gross_profit:base/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/base_fy2026_gross_profit:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_gross_profit:base/value | None | 439.5463333333333 |
| /operating_model/cells/base_fy2026_net_growth_financing:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_fy2026_net_growth_financing:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_net_growth_financing:base/formula/refs/0 | None | h1_net_growth_financing |
| /operating_model/cells/base_fy2026_net_growth_financing:base/formula/refs/1 | None | base_2026q3_net_growth_financing |
| /operating_model/cells/base_fy2026_net_growth_financing:base/formula/refs/2 | None | base_2026q4_net_growth_financing |
| /operating_model/cells/base_fy2026_net_growth_financing:base/id | None | base_fy2026_net_growth_financing |
| /operating_model/cells/base_fy2026_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_fy2026_net_growth_financing:base/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/base_fy2026_net_growth_financing:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_net_growth_financing:base/value | None | 103.30000000000001 |
| /operating_model/cells/base_fy2026_net_premium:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_net_premium:base/case | None | base |
| /operating_model/cells/base_fy2026_net_premium:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_net_premium:base/formula/refs/0 | None | h1_net_premium |
| /operating_model/cells/base_fy2026_net_premium:base/formula/refs/1 | None | base_2026q3_net_premium |
| /operating_model/cells/base_fy2026_net_premium:base/formula/refs/2 | None | base_2026q4_net_premium |
| /operating_model/cells/base_fy2026_net_premium:base/id | None | base_fy2026_net_premium |
| /operating_model/cells/base_fy2026_net_premium:base/kind | None | derived |
| /operating_model/cells/base_fy2026_net_premium:base/label | None | Net earned premium ($M) |
| /operating_model/cells/base_fy2026_net_premium:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_net_premium:base/value | None | 1042.2666666666669 |
| /operating_model/cells/base_fy2026_pretax:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_pretax:base/case | None | base |
| /operating_model/cells/base_fy2026_pretax:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_pretax:base/formula/refs/0 | None | h1_pretax |
| /operating_model/cells/base_fy2026_pretax:base/formula/refs/1 | None | base_2026q3_pretax |
| /operating_model/cells/base_fy2026_pretax:base/formula/refs/2 | None | base_2026q4_pretax |
| /operating_model/cells/base_fy2026_pretax:base/id | None | base_fy2026_pretax |
| /operating_model/cells/base_fy2026_pretax:base/kind | None | derived |
| /operating_model/cells/base_fy2026_pretax:base/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/base_fy2026_pretax:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_pretax:base/value | None | -141.51200000000003 |
| /operating_model/cells/base_fy2026_revenue:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2026_revenue:base/case | None | base |
| /operating_model/cells/base_fy2026_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/1 | None | base_2026q3_revenue |
| /operating_model/cells/base_fy2026_revenue:base/formula/refs/2 | None | base_2026q4_revenue |
| /operating_model/cells/base_fy2026_revenue:base/id | None | base_fy2026_revenue |
| /operating_model/cells/base_fy2026_revenue:base/kind | None | derived |
| /operating_model/cells/base_fy2026_revenue:base/label | None | Total revenue ($M) |
| /operating_model/cells/base_fy2026_revenue:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_revenue:base/value | None | 1217.0 |
| /operating_model/cells/base_fy2027_adj_ebitda:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_adj_ebitda:base/case | None | base |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/0 | None | base_2027q1_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/1 | None | base_2027q2_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/2 | None | base_2027q3_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/3 | None | base_2027q4_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/id | None | base_fy2027_adj_ebitda |
| /operating_model/cells/base_fy2027_adj_ebitda:base/kind | None | derived |
| /operating_model/cells/base_fy2027_adj_ebitda:base/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/base_fy2027_adj_ebitda:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_adj_ebitda:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_adj_ebitda:base/value | None | 34.99999999999994 |
| /operating_model/cells/base_fy2027_capex:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_capex:base/case | None | base |
| /operating_model/cells/base_fy2027_capex:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/0 | None | base_2027q1_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/1 | None | base_2027q2_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/2 | None | base_2027q3_capex |
| /operating_model/cells/base_fy2027_capex:base/formula/refs/3 | None | base_2027q4_capex |
| /operating_model/cells/base_fy2027_capex:base/id | None | base_fy2027_capex |
| /operating_model/cells/base_fy2027_capex:base/kind | None | derived |
| /operating_model/cells/base_fy2027_capex:base/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/base_fy2027_capex:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_capex:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_capex:base/value | None | 27.0 |
| /operating_model/cells/base_fy2027_cash_after_financing:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_cash_after_financing:base/case | None | base |
| /operating_model/cells/base_fy2027_cash_after_financing:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_cash_after_financing:base/formula/refs/0 | None | base_2027q1_cash_after_financing |
| /operating_model/cells/base_fy2027_cash_after_financing:base/formula/refs/1 | None | base_2027q2_cash_after_financing |
| /operating_model/cells/base_fy2027_cash_after_financing:base/formula/refs/2 | None | base_2027q3_cash_after_financing |
| /operating_model/cells/base_fy2027_cash_after_financing:base/formula/refs/3 | None | base_2027q4_cash_after_financing |
| /operating_model/cells/base_fy2027_cash_after_financing:base/id | None | base_fy2027_cash_after_financing |
| /operating_model/cells/base_fy2027_cash_after_financing:base/kind | None | derived |
| /operating_model/cells/base_fy2027_cash_after_financing:base/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/base_fy2027_cash_after_financing:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_cash_after_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_cash_after_financing:base/value | None | 45.793499999999945 |
| /operating_model/cells/base_fy2027_cfo:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_cfo:base/case | None | base |
| /operating_model/cells/base_fy2027_cfo:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/0 | None | base_2027q1_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/1 | None | base_2027q2_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/2 | None | base_2027q3_cfo |
| /operating_model/cells/base_fy2027_cfo:base/formula/refs/3 | None | base_2027q4_cfo |
| /operating_model/cells/base_fy2027_cfo:base/id | None | base_fy2027_cfo |
| /operating_model/cells/base_fy2027_cfo:base/kind | None | derived |
| /operating_model/cells/base_fy2027_cfo:base/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/base_fy2027_cfo:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_cfo:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_cfo:base/value | None | 72.79349999999994 |
| /operating_model/cells/base_fy2027_claims:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_claims:base/case | None | base |
| /operating_model/cells/base_fy2027_claims:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_claims:base/formula/refs/0 | None | base_2027q1_claims |
| /operating_model/cells/base_fy2027_claims:base/formula/refs/1 | None | base_2027q2_claims |
| /operating_model/cells/base_fy2027_claims:base/formula/refs/2 | None | base_2027q3_claims |
| /operating_model/cells/base_fy2027_claims:base/formula/refs/3 | None | base_2027q4_claims |
| /operating_model/cells/base_fy2027_claims:base/id | None | base_fy2027_claims |
| /operating_model/cells/base_fy2027_claims:base/kind | None | derived |
| /operating_model/cells/base_fy2027_claims:base/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/base_fy2027_claims:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_claims:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_claims:base/value | None | 931.4450000000002 |
| /operating_model/cells/base_fy2027_fcf:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_fcf:base/case | None | base |
| /operating_model/cells/base_fy2027_fcf:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_fcf:base/formula/refs/0 | None | base_2027q1_fcf |
| /operating_model/cells/base_fy2027_fcf:base/formula/refs/1 | None | base_2027q2_fcf |
| /operating_model/cells/base_fy2027_fcf:base/formula/refs/2 | None | base_2027q3_fcf |
| /operating_model/cells/base_fy2027_fcf:base/formula/refs/3 | None | base_2027q4_fcf |
| /operating_model/cells/base_fy2027_fcf:base/id | None | base_fy2027_fcf |
| /operating_model/cells/base_fy2027_fcf:base/kind | None | derived |
| /operating_model/cells/base_fy2027_fcf:base/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/base_fy2027_fcf:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_fcf:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_fcf:base/value | None | 45.793499999999945 |
| /operating_model/cells/base_fy2027_gross_earned:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_gross_earned:base/case | None | base |
| /operating_model/cells/base_fy2027_gross_earned:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_gross_earned:base/formula/refs/0 | None | base_2027q1_gross_earned |
| /operating_model/cells/base_fy2027_gross_earned:base/formula/refs/1 | None | base_2027q2_gross_earned |
| /operating_model/cells/base_fy2027_gross_earned:base/formula/refs/2 | None | base_2027q3_gross_earned |
| /operating_model/cells/base_fy2027_gross_earned:base/formula/refs/3 | None | base_2027q4_gross_earned |
| /operating_model/cells/base_fy2027_gross_earned:base/id | None | base_fy2027_gross_earned |
| /operating_model/cells/base_fy2027_gross_earned:base/kind | None | derived |
| /operating_model/cells/base_fy2027_gross_earned:base/label | None | Gross earned premium ($M) |
| /operating_model/cells/base_fy2027_gross_earned:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_gross_earned:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_gross_earned:base/value | None | 1815.0 |
| /operating_model/cells/base_fy2027_gross_profit:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_gross_profit:base/case | None | base |
| /operating_model/cells/base_fy2027_gross_profit:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_gross_profit:base/formula/refs/0 | None | base_2027q1_gross_profit |
| /operating_model/cells/base_fy2027_gross_profit:base/formula/refs/1 | None | base_2027q2_gross_profit |
| /operating_model/cells/base_fy2027_gross_profit:base/formula/refs/2 | None | base_2027q3_gross_profit |
| /operating_model/cells/base_fy2027_gross_profit:base/formula/refs/3 | None | base_2027q4_gross_profit |
| /operating_model/cells/base_fy2027_gross_profit:base/id | None | base_fy2027_gross_profit |
| /operating_model/cells/base_fy2027_gross_profit:base/kind | None | derived |
| /operating_model/cells/base_fy2027_gross_profit:base/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/base_fy2027_gross_profit:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_gross_profit:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_gross_profit:base/value | None | 545.655 |
| /operating_model/cells/base_fy2027_net_growth_financing:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_net_growth_financing:base/case | None | base |
| /operating_model/cells/base_fy2027_net_growth_financing:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_net_growth_financing:base/formula/refs/0 | None | base_2027q1_net_growth_financing |
| /operating_model/cells/base_fy2027_net_growth_financing:base/formula/refs/1 | None | base_2027q2_net_growth_financing |
| /operating_model/cells/base_fy2027_net_growth_financing:base/formula/refs/2 | None | base_2027q3_net_growth_financing |
| /operating_model/cells/base_fy2027_net_growth_financing:base/formula/refs/3 | None | base_2027q4_net_growth_financing |
| /operating_model/cells/base_fy2027_net_growth_financing:base/id | None | base_fy2027_net_growth_financing |
| /operating_model/cells/base_fy2027_net_growth_financing:base/kind | None | derived |
| /operating_model/cells/base_fy2027_net_growth_financing:base/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/base_fy2027_net_growth_financing:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_net_growth_financing:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_net_growth_financing:base/value | None | 0.0 |
| /operating_model/cells/base_fy2027_net_premium:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_net_premium:base/case | None | base |
| /operating_model/cells/base_fy2027_net_premium:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_net_premium:base/formula/refs/0 | None | base_2027q1_net_premium |
| /operating_model/cells/base_fy2027_net_premium:base/formula/refs/1 | None | base_2027q2_net_premium |
| /operating_model/cells/base_fy2027_net_premium:base/formula/refs/2 | None | base_2027q3_net_premium |
| /operating_model/cells/base_fy2027_net_premium:base/formula/refs/3 | None | base_2027q4_net_premium |
| /operating_model/cells/base_fy2027_net_premium:base/id | None | base_fy2027_net_premium |
| /operating_model/cells/base_fy2027_net_premium:base/kind | None | derived |
| /operating_model/cells/base_fy2027_net_premium:base/label | None | Net earned premium ($M) |
| /operating_model/cells/base_fy2027_net_premium:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_net_premium:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_net_premium:base/value | None | 1420.3333333333333 |
| /operating_model/cells/base_fy2027_pretax:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_pretax:base/case | None | base |
| /operating_model/cells/base_fy2027_pretax:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_pretax:base/formula/refs/0 | None | base_2027q1_pretax |
| /operating_model/cells/base_fy2027_pretax:base/formula/refs/1 | None | base_2027q2_pretax |
| /operating_model/cells/base_fy2027_pretax:base/formula/refs/2 | None | base_2027q3_pretax |
| /operating_model/cells/base_fy2027_pretax:base/formula/refs/3 | None | base_2027q4_pretax |
| /operating_model/cells/base_fy2027_pretax:base/id | None | base_fy2027_pretax |
| /operating_model/cells/base_fy2027_pretax:base/kind | None | derived |
| /operating_model/cells/base_fy2027_pretax:base/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/base_fy2027_pretax:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_pretax:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_pretax:base/value | None | -83.40650000000005 |
| /operating_model/cells/base_fy2027_revenue:base/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/base_fy2027_revenue:base/case | None | base |
| /operating_model/cells/base_fy2027_revenue:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/0 | None | base_2027q1_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/1 | None | base_2027q2_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/2 | None | base_2027q3_revenue |
| /operating_model/cells/base_fy2027_revenue:base/formula/refs/3 | None | base_2027q4_revenue |
| /operating_model/cells/base_fy2027_revenue:base/id | None | base_fy2027_revenue |
| /operating_model/cells/base_fy2027_revenue:base/kind | None | derived |
| /operating_model/cells/base_fy2027_revenue:base/label | None | Total revenue ($M) |
| /operating_model/cells/base_fy2027_revenue:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_revenue:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_revenue:base/value | None | 1625.0 |
| /operating_model/cells/cash:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/cash:shared/case | None | shared |
| /operating_model/cells/cash:shared/id | None | cash |
| /operating_model/cells/cash:shared/kind | None | reported |
| /operating_model/cells/cash:shared/label | None | cash |
| /operating_model/cells/cash:shared/period | None | June 2026 |
| /operating_model/cells/cash:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/cash:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/cash:shared/unit | None | USD_millions |
| /operating_model/cells/cash:shared/value | None | 367.6 |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/0 | None | downside_2026q3_ebitda_add |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/1 | None | downside_2026q3_ebitda_income_remove |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/id | None | downside_2026q3_adj_ebitda |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_adj_ebitda:downside/value | None | -63.373333333333335 |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/id | None | downside_2026q3_attritional_loss |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2026q3_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_bad_debt:downside/id | None | downside_2026q3_bad_debt |
| /operating_model/cells/downside_2026q3_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2026q3_bad_debt:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_bad_debt:downside/value | None | 6.5 |
| /operating_model/cells/downside_2026q3_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_capex:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_capex:downside/id | None | downside_2026q3_capex |
| /operating_model/cells/downside_2026q3_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2026q3_capex:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_capex:downside/value | None | 5.0 |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/formula/refs/0 | None | downside_2026q3_fcf |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/formula/refs/1 | None | downside_2026q3_net_growth_financing |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/id | None | downside_2026q3_cash_after_financing |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_after_financing:downside/value | None | -43.92933333333333 |
| /operating_model/cells/downside_2026q3_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_tax:downside/id | None | downside_2026q3_cash_tax |
| /operating_model/cells/downside_2026q3_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2026q3_cash_tax:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_tax:downside/value | None | 1.5 |
| /operating_model/cells/downside_2026q3_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cat_loss:downside/id | None | downside_2026q3_cat_loss |
| /operating_model/cells/downside_2026q3_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2026q3_cat_loss:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_cat_loss:downside/value | None | 0.08 |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/formula/refs/0 | None | downside_2026q3_gross_earned |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/formula/refs/1 | None | downside_2026q3_net_premium |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/id | None | downside_2026q3_ceded_premium |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ceded_premium:downside/value | None | 82.66666666666669 |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/formula/refs/0 | None | downside_2026q3_ceded_premium |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/formula/refs/1 | None | downside_2026q3_commission_rate |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/id | None | downside_2026q3_ceding_commission |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ceding_commission:downside/value | None | 20.66666666666667 |
| /operating_model/cells/downside_2026q3_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2026q3_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/0 | None | downside_2026q3_net_income |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/1 | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/2 | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/3 | None | downside_2026q3_bad_debt |
| /operating_model/cells/downside_2026q3_cfo:downside/formula/refs/4 | None | downside_2026q3_insurance_wc |
| /operating_model/cells/downside_2026q3_cfo:downside/id | None | downside_2026q3_cfo |
| /operating_model/cells/downside_2026q3_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2026q3_cfo:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cfo:downside/value | None | -53.92933333333333 |
| /operating_model/cells/downside_2026q3_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2026q3_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_claims:downside/formula/refs/0 | None | downside_2026q3_net_premium |
| /operating_model/cells/downside_2026q3_claims:downside/formula/refs/1 | None | downside_2026q3_net_loss_ratio |
| /operating_model/cells/downside_2026q3_claims:downside/id | None | downside_2026q3_claims |
| /operating_model/cells/downside_2026q3_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2026q3_claims:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_claims:downside/value | None | 203.17333333333332 |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/id | None | downside_2026q3_claims_reserve_inflow |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_claims_reserve_inflow:downside/value | None | 8.0 |
| /operating_model/cells/downside_2026q3_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_commission_rate:downside/id | None | downside_2026q3_commission_rate |
| /operating_model/cells/downside_2026q3_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2026q3_commission_rate:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q3_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_da:downside/id | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2026q3_da:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_da:downside/value | None | 2.8 |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/formula/refs/0 | None | downside_2026q3_pretax |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/formula/refs/1 | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/formula/refs/2 | None | downside_2026q3_da |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/formula/refs/3 | None | downside_2026q3_finance_interest |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/id | None | downside_2026q3_ebitda_add |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ebitda_add:downside/value | None | -52.373333333333335 |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/formula/refs/0 | None | downside_2026q3_investment_income |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/formula/refs/1 | None | downside_2026q3_other_interest |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/id | None | downside_2026q3_ebitda_income_remove |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2026q3_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2026q3_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_fcf:downside/formula/refs/0 | None | downside_2026q3_cfo |
| /operating_model/cells/downside_2026q3_fcf:downside/formula/refs/1 | None | downside_2026q3_capex |
| /operating_model/cells/downside_2026q3_fcf:downside/id | None | downside_2026q3_fcf |
| /operating_model/cells/downside_2026q3_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2026q3_fcf:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_fcf:downside/value | None | -58.92933333333333 |
| /operating_model/cells/downside_2026q3_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2026q3_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_finance_interest:downside/formula/refs/0 | None | downside_2026q3_gc_interest |
| /operating_model/cells/downside_2026q3_finance_interest:downside/formula/refs/1 | None | downside_2026q3_hannover_interest |
| /operating_model/cells/downside_2026q3_finance_interest:downside/id | None | downside_2026q3_finance_interest |
| /operating_model/cells/downside_2026q3_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2026q3_finance_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_finance_interest:downside/value | None | 8.556000000000001 |
| /operating_model/cells/downside_2026q3_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_advance:downside/id | None | downside_2026q3_gc_advance |
| /operating_model/cells/downside_2026q3_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2026q3_gc_advance:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_advance:downside/value | None | 40.0 |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/id | None | downside_2026q3_gc_annual_rate |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2026q3_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2026q3_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_gc_available:downside/formula/refs/0 | None | gc_opening |
| /operating_model/cells/downside_2026q3_gc_available:downside/formula/refs/1 | None | downside_2026q3_gc_advance |
| /operating_model/cells/downside_2026q3_gc_available:downside/id | None | downside_2026q3_gc_available |
| /operating_model/cells/downside_2026q3_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2026q3_gc_available:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_available:downside/value | None | 246.4 |
| /operating_model/cells/downside_2026q3_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2026q3_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_gc_average:downside/formula/refs/0 | None | downside_2026q3_gc_balance_sum |
| /operating_model/cells/downside_2026q3_gc_average:downside/formula/refs/1 | None | downside_2026q3_gc_half |
| /operating_model/cells/downside_2026q3_gc_average:downside/id | None | downside_2026q3_gc_average |
| /operating_model/cells/downside_2026q3_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2026q3_gc_average:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_average:downside/value | None | 213.9 |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/formula/refs/0 | None | gc_opening |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/formula/refs/1 | None | downside_2026q3_gc_ending |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/id | None | downside_2026q3_gc_balance_sum |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_balance_sum:downside/value | None | 427.8 |
| /operating_model/cells/downside_2026q3_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2026q3_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_gc_ending:downside/formula/refs/0 | None | downside_2026q3_gc_available |
| /operating_model/cells/downside_2026q3_gc_ending:downside/formula/refs/1 | None | downside_2026q3_gc_principal |
| /operating_model/cells/downside_2026q3_gc_ending:downside/id | None | downside_2026q3_gc_ending |
| /operating_model/cells/downside_2026q3_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2026q3_gc_ending:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_ending:downside/value | None | 221.4 |
| /operating_model/cells/downside_2026q3_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_half:downside/id | None | downside_2026q3_gc_half |
| /operating_model/cells/downside_2026q3_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2026q3_gc_half:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q3_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2026q3_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_gc_interest:downside/formula/refs/0 | None | downside_2026q3_gc_average |
| /operating_model/cells/downside_2026q3_gc_interest:downside/formula/refs/1 | None | downside_2026q3_gc_annual_rate |
| /operating_model/cells/downside_2026q3_gc_interest:downside/formula/refs/2 | None | downside_2026q3_gc_quarter |
| /operating_model/cells/downside_2026q3_gc_interest:downside/id | None | downside_2026q3_gc_interest |
| /operating_model/cells/downside_2026q3_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2026q3_gc_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_interest:downside/value | None | 8.556000000000001 |
| /operating_model/cells/downside_2026q3_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_principal:downside/id | None | downside_2026q3_gc_principal |
| /operating_model/cells/downside_2026q3_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2026q3_gc_principal:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gc_principal:downside/value | None | 25.0 |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/id | None | downside_2026q3_gc_quarter |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q3_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gp_da:downside/id | None | downside_2026q3_gp_da |
| /operating_model/cells/downside_2026q3_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2026q3_gp_da:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gp_da:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q3_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2026q3_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_gross_cost:downside/formula/refs/0 | None | downside_2026q3_claims |
| /operating_model/cells/downside_2026q3_gross_cost:downside/formula/refs/1 | None | downside_2026q3_other_insurance |
| /operating_model/cells/downside_2026q3_gross_cost:downside/formula/refs/2 | None | downside_2026q3_gp_da |
| /operating_model/cells/downside_2026q3_gross_cost:downside/id | None | downside_2026q3_gross_cost |
| /operating_model/cells/downside_2026q3_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2026q3_gross_cost:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gross_cost:downside/value | None | 231.67333333333332 |
| /operating_model/cells/downside_2026q3_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gross_earned:downside/id | None | downside_2026q3_gross_earned |
| /operating_model/cells/downside_2026q3_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2026q3_gross_earned:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gross_earned:downside/value | None | 350.0 |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/formula/refs/0 | None | downside_2026q3_attritional_loss |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/formula/refs/1 | None | downside_2026q3_cat_loss |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/formula/refs/2 | None | downside_2026q3_lae_ratio |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/formula/refs/3 | None | downside_2026q3_prior_development |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/id | None | downside_2026q3_gross_loss_ratio |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_gross_loss_ratio:downside/value | None | 0.73 |
| /operating_model/cells/downside_2026q3_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2026q3_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_gross_profit:downside/formula/refs/0 | None | downside_2026q3_revenue |
| /operating_model/cells/downside_2026q3_gross_profit:downside/formula/refs/1 | None | downside_2026q3_gross_cost |
| /operating_model/cells/downside_2026q3_gross_profit:downside/id | None | downside_2026q3_gross_profit |
| /operating_model/cells/downside_2026q3_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2026q3_gross_profit:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_gross_profit:downside/value | None | 79.32666666666668 |
| /operating_model/cells/downside_2026q3_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2026q3_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_growth_advances:downside/formula/refs/0 | None | downside_2026q3_gc_advance |
| /operating_model/cells/downside_2026q3_growth_advances:downside/formula/refs/1 | None | downside_2026q3_hannover_advance |
| /operating_model/cells/downside_2026q3_growth_advances:downside/id | None | downside_2026q3_growth_advances |
| /operating_model/cells/downside_2026q3_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2026q3_growth_advances:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_growth_advances:downside/value | None | 40.0 |
| /operating_model/cells/downside_2026q3_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2026q3_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_growth_principal:downside/formula/refs/0 | None | downside_2026q3_gc_principal |
| /operating_model/cells/downside_2026q3_growth_principal:downside/formula/refs/1 | None | downside_2026q3_hannover_principal |
| /operating_model/cells/downside_2026q3_growth_principal:downside/id | None | downside_2026q3_growth_principal |
| /operating_model/cells/downside_2026q3_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2026q3_growth_principal:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_growth_principal:downside/value | None | 25.0 |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/id | None | downside_2026q3_hannover_advance |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/id | None | downside_2026q3_hannover_annual_rate |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2026q3_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2026q3_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_hannover_available:downside/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/downside_2026q3_hannover_available:downside/formula/refs/1 | None | downside_2026q3_hannover_advance |
| /operating_model/cells/downside_2026q3_hannover_available:downside/id | None | downside_2026q3_hannover_available |
| /operating_model/cells/downside_2026q3_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2026q3_hannover_available:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_available:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2026q3_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_hannover_average:downside/formula/refs/0 | None | downside_2026q3_hannover_balance_sum |
| /operating_model/cells/downside_2026q3_hannover_average:downside/formula/refs/1 | None | downside_2026q3_hannover_half |
| /operating_model/cells/downside_2026q3_hannover_average:downside/id | None | downside_2026q3_hannover_average |
| /operating_model/cells/downside_2026q3_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2026q3_hannover_average:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_average:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/formula/refs/1 | None | downside_2026q3_hannover_ending |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/id | None | downside_2026q3_hannover_balance_sum |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_balance_sum:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/formula/refs/0 | None | downside_2026q3_hannover_available |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/formula/refs/1 | None | downside_2026q3_hannover_principal |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/id | None | downside_2026q3_hannover_ending |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_ending:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_half:downside/id | None | downside_2026q3_hannover_half |
| /operating_model/cells/downside_2026q3_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2026q3_hannover_half:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/formula/refs/0 | None | downside_2026q3_hannover_average |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/formula/refs/1 | None | downside_2026q3_hannover_annual_rate |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/formula/refs/2 | None | downside_2026q3_hannover_quarter |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/id | None | downside_2026q3_hannover_interest |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_interest:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/id | None | downside_2026q3_hannover_principal |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_hannover_principal:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/id | None | downside_2026q3_hannover_quarter |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/id | None | downside_2026q3_insurance_cost_ratio |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/formula/refs/0 | None | downside_2026q3_unearned_inflow |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/formula/refs/1 | None | downside_2026q3_claims_reserve_inflow |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/id | None | downside_2026q3_insurance_inflows |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_insurance_inflows:downside/value | None | 70.0 |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/formula/refs/0 | None | downside_2026q3_premium_receivables |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/formula/refs/1 | None | downside_2026q3_reinsurance_other |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/id | None | downside_2026q3_insurance_uses |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_insurance_uses:downside/value | None | 68.0 |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/formula/refs/0 | None | downside_2026q3_insurance_inflows |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/formula/refs/1 | None | downside_2026q3_insurance_uses |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/id | None | downside_2026q3_insurance_wc |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2026q3_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_investment_income:downside/id | None | downside_2026q3_investment_income |
| /operating_model/cells/downside_2026q3_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2026q3_investment_income:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/id | None | downside_2026q3_lae_ratio |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/formula/refs/0 | None | downside_2026q3_growth_advances |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/formula/refs/1 | None | downside_2026q3_growth_principal |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/id | None | downside_2026q3_net_growth_financing |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_net_growth_financing:downside/value | None | 15.0 |
| /operating_model/cells/downside_2026q3_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2026q3_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_net_income:downside/formula/refs/0 | None | downside_2026q3_pretax |
| /operating_model/cells/downside_2026q3_net_income:downside/formula/refs/1 | None | downside_2026q3_cash_tax |
| /operating_model/cells/downside_2026q3_net_income:downside/id | None | downside_2026q3_net_income |
| /operating_model/cells/downside_2026q3_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2026q3_net_income:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_net_income:downside/value | None | -89.22933333333333 |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/formula/refs/0 | None | downside_2026q3_gross_loss_ratio |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/formula/refs/1 | None | downside_2026q3_net_reinsurance_basis |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/id | None | downside_2026q3_net_loss_ratio |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_net_loss_ratio:downside/value | None | 0.76 |
| /operating_model/cells/downside_2026q3_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2026q3_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_net_premium:downside/formula/refs/0 | None | downside_2026q3_gross_earned |
| /operating_model/cells/downside_2026q3_net_premium:downside/formula/refs/1 | None | downside_2026q3_retention |
| /operating_model/cells/downside_2026q3_net_premium:downside/id | None | downside_2026q3_net_premium |
| /operating_model/cells/downside_2026q3_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2026q3_net_premium:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_net_premium:downside/value | None | 267.3333333333333 |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/id | None | downside_2026q3_net_reinsurance_basis |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2026q3_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2026q3_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_operating_expense:downside/formula/refs/0 | None | downside_2026q3_ordinary_opex |
| /operating_model/cells/downside_2026q3_operating_expense:downside/formula/refs/1 | None | downside_2026q3_finance_interest |
| /operating_model/cells/downside_2026q3_operating_expense:downside/id | None | downside_2026q3_operating_expense |
| /operating_model/cells/downside_2026q3_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2026q3_operating_expense:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_operating_expense:downside/value | None | 167.556 |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/id | None | downside_2026q3_ordinary_opex |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_ordinary_opex:downside/value | None | 159.0 |
| /operating_model/cells/downside_2026q3_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2026q3_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_other_insurance:downside/formula/refs/0 | None | downside_2026q3_gross_earned |
| /operating_model/cells/downside_2026q3_other_insurance:downside/formula/refs/1 | None | downside_2026q3_insurance_cost_ratio |
| /operating_model/cells/downside_2026q3_other_insurance:downside/id | None | downside_2026q3_other_insurance |
| /operating_model/cells/downside_2026q3_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2026q3_other_insurance:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_other_insurance:downside/value | None | 28.0 |
| /operating_model/cells/downside_2026q3_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_other_interest:downside/id | None | downside_2026q3_other_interest |
| /operating_model/cells/downside_2026q3_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2026q3_other_interest:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2026q3_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_other_revenue:downside/id | None | downside_2026q3_other_revenue |
| /operating_model/cells/downside_2026q3_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2026q3_other_revenue:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_other_revenue:downside/value | None | 13.0 |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/id | None | downside_2026q3_premium_receivables |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_premium_receivables:downside/value | None | 60.0 |
| /operating_model/cells/downside_2026q3_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2026q3_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_pretax:downside/formula/refs/0 | None | downside_2026q3_revenue |
| /operating_model/cells/downside_2026q3_pretax:downside/formula/refs/1 | None | downside_2026q3_total_cost |
| /operating_model/cells/downside_2026q3_pretax:downside/id | None | downside_2026q3_pretax |
| /operating_model/cells/downside_2026q3_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2026q3_pretax:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_pretax:downside/value | None | -87.72933333333333 |
| /operating_model/cells/downside_2026q3_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_prior_development:downside/id | None | downside_2026q3_prior_development |
| /operating_model/cells/downside_2026q3_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2026q3_prior_development:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/id | None | downside_2026q3_reinsurance_other |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_reinsurance_other:downside/value | None | 8.0 |
| /operating_model/cells/downside_2026q3_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2026q3_retention:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_retention:downside/id | None | downside_2026q3_retention |
| /operating_model/cells/downside_2026q3_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2026q3_retention:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_retention:downside/value | None | 0.7638095238095238 |
| /operating_model/cells/downside_2026q3_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2026q3_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/0 | None | downside_2026q3_net_premium |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/1 | None | downside_2026q3_ceding_commission |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/2 | None | downside_2026q3_investment_income |
| /operating_model/cells/downside_2026q3_revenue:downside/formula/refs/3 | None | downside_2026q3_other_revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/id | None | downside_2026q3_revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2026q3_revenue:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_revenue:downside/value | None | 311.0 |
| /operating_model/cells/downside_2026q3_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_sbc:downside/id | None | downside_2026q3_sbc |
| /operating_model/cells/downside_2026q3_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2026q3_sbc:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_sbc:downside/value | None | 24.0 |
| /operating_model/cells/downside_2026q3_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2026q3_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_total_cost:downside/formula/refs/0 | None | downside_2026q3_claims |
| /operating_model/cells/downside_2026q3_total_cost:downside/formula/refs/1 | None | downside_2026q3_other_insurance |
| /operating_model/cells/downside_2026q3_total_cost:downside/formula/refs/2 | None | downside_2026q3_operating_expense |
| /operating_model/cells/downside_2026q3_total_cost:downside/id | None | downside_2026q3_total_cost |
| /operating_model/cells/downside_2026q3_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2026q3_total_cost:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_total_cost:downside/value | None | 398.72933333333333 |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/id | None | downside_2026q3_unearned_inflow |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_unearned_inflow:downside/value | None | 62.0 |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/0 | None | downside_2026q4_ebitda_add |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/1 | None | downside_2026q4_ebitda_income_remove |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/id | None | downside_2026q4_adj_ebitda |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_adj_ebitda:downside/value | None | -58.50666666666666 |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/id | None | downside_2026q4_attritional_loss |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2026q4_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_bad_debt:downside/id | None | downside_2026q4_bad_debt |
| /operating_model/cells/downside_2026q4_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2026q4_bad_debt:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_bad_debt:downside/value | None | 7.0 |
| /operating_model/cells/downside_2026q4_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_capex:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_capex:downside/id | None | downside_2026q4_capex |
| /operating_model/cells/downside_2026q4_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2026q4_capex:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_capex:downside/value | None | 5.5 |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/formula/refs/0 | None | downside_2026q4_fcf |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/formula/refs/1 | None | downside_2026q4_net_growth_financing |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/id | None | downside_2026q4_cash_after_financing |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_after_financing:downside/value | None | -44.76266666666666 |
| /operating_model/cells/downside_2026q4_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_tax:downside/id | None | downside_2026q4_cash_tax |
| /operating_model/cells/downside_2026q4_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2026q4_cash_tax:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_tax:downside/value | None | 1.7 |
| /operating_model/cells/downside_2026q4_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cat_loss:downside/id | None | downside_2026q4_cat_loss |
| /operating_model/cells/downside_2026q4_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2026q4_cat_loss:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_cat_loss:downside/value | None | 0.06 |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/formula/refs/0 | None | downside_2026q4_gross_earned |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/formula/refs/1 | None | downside_2026q4_net_premium |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/id | None | downside_2026q4_ceded_premium |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ceded_premium:downside/value | None | 86.66666666666663 |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/formula/refs/0 | None | downside_2026q4_ceded_premium |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/formula/refs/1 | None | downside_2026q4_commission_rate |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/id | None | downside_2026q4_ceding_commission |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ceding_commission:downside/value | None | 21.666666666666657 |
| /operating_model/cells/downside_2026q4_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2026q4_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0 | None | downside_2026q4_net_income |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1 | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/2 | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/3 | None | downside_2026q4_bad_debt |
| /operating_model/cells/downside_2026q4_cfo:downside/formula/refs/4 | None | downside_2026q4_insurance_wc |
| /operating_model/cells/downside_2026q4_cfo:downside/id | None | downside_2026q4_cfo |
| /operating_model/cells/downside_2026q4_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2026q4_cfo:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cfo:downside/value | None | -49.26266666666666 |
| /operating_model/cells/downside_2026q4_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2026q4_claims:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_claims:downside/formula/refs/0 | None | downside_2026q4_net_premium |
| /operating_model/cells/downside_2026q4_claims:downside/formula/refs/1 | None | downside_2026q4_net_loss_ratio |
| /operating_model/cells/downside_2026q4_claims:downside/id | None | downside_2026q4_claims |
| /operating_model/cells/downside_2026q4_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2026q4_claims:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_claims:downside/value | None | 207.4466666666667 |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/id | None | downside_2026q4_claims_reserve_inflow |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_claims_reserve_inflow:downside/value | None | 9.0 |
| /operating_model/cells/downside_2026q4_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_commission_rate:downside/id | None | downside_2026q4_commission_rate |
| /operating_model/cells/downside_2026q4_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2026q4_commission_rate:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q4_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_da:downside/id | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2026q4_da:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_da:downside/value | None | 3.0 |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/formula/refs/0 | None | downside_2026q4_pretax |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/formula/refs/1 | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/formula/refs/2 | None | downside_2026q4_da |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/formula/refs/3 | None | downside_2026q4_finance_interest |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/id | None | downside_2026q4_ebitda_add |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ebitda_add:downside/value | None | -47.50666666666666 |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/formula/refs/0 | None | downside_2026q4_investment_income |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/formula/refs/1 | None | downside_2026q4_other_interest |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/id | None | downside_2026q4_ebitda_income_remove |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2026q4_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2026q4_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_fcf:downside/formula/refs/0 | None | downside_2026q4_cfo |
| /operating_model/cells/downside_2026q4_fcf:downside/formula/refs/1 | None | downside_2026q4_capex |
| /operating_model/cells/downside_2026q4_fcf:downside/id | None | downside_2026q4_fcf |
| /operating_model/cells/downside_2026q4_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2026q4_fcf:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_fcf:downside/value | None | -54.76266666666666 |
| /operating_model/cells/downside_2026q4_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2026q4_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_finance_interest:downside/formula/refs/0 | None | downside_2026q4_gc_interest |
| /operating_model/cells/downside_2026q4_finance_interest:downside/formula/refs/1 | None | downside_2026q4_hannover_interest |
| /operating_model/cells/downside_2026q4_finance_interest:downside/id | None | downside_2026q4_finance_interest |
| /operating_model/cells/downside_2026q4_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2026q4_finance_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_finance_interest:downside/value | None | 9.056 |
| /operating_model/cells/downside_2026q4_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_advance:downside/id | None | downside_2026q4_gc_advance |
| /operating_model/cells/downside_2026q4_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2026q4_gc_advance:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_advance:downside/value | None | 40.0 |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/id | None | downside_2026q4_gc_annual_rate |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2026q4_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2026q4_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_gc_available:downside/formula/refs/0 | None | downside_2026q3_gc_ending |
| /operating_model/cells/downside_2026q4_gc_available:downside/formula/refs/1 | None | downside_2026q4_gc_advance |
| /operating_model/cells/downside_2026q4_gc_available:downside/id | None | downside_2026q4_gc_available |
| /operating_model/cells/downside_2026q4_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2026q4_gc_available:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_available:downside/value | None | 261.4 |
| /operating_model/cells/downside_2026q4_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2026q4_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_gc_average:downside/formula/refs/0 | None | downside_2026q4_gc_balance_sum |
| /operating_model/cells/downside_2026q4_gc_average:downside/formula/refs/1 | None | downside_2026q4_gc_half |
| /operating_model/cells/downside_2026q4_gc_average:downside/id | None | downside_2026q4_gc_average |
| /operating_model/cells/downside_2026q4_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2026q4_gc_average:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_average:downside/value | None | 226.39999999999998 |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/formula/refs/0 | None | downside_2026q3_gc_ending |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/formula/refs/1 | None | downside_2026q4_gc_ending |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/id | None | downside_2026q4_gc_balance_sum |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_balance_sum:downside/value | None | 452.79999999999995 |
| /operating_model/cells/downside_2026q4_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2026q4_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_gc_ending:downside/formula/refs/0 | None | downside_2026q4_gc_available |
| /operating_model/cells/downside_2026q4_gc_ending:downside/formula/refs/1 | None | downside_2026q4_gc_principal |
| /operating_model/cells/downside_2026q4_gc_ending:downside/id | None | downside_2026q4_gc_ending |
| /operating_model/cells/downside_2026q4_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2026q4_gc_ending:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_ending:downside/value | None | 231.39999999999998 |
| /operating_model/cells/downside_2026q4_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_half:downside/id | None | downside_2026q4_gc_half |
| /operating_model/cells/downside_2026q4_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2026q4_gc_half:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q4_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2026q4_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_gc_interest:downside/formula/refs/0 | None | downside_2026q4_gc_average |
| /operating_model/cells/downside_2026q4_gc_interest:downside/formula/refs/1 | None | downside_2026q4_gc_annual_rate |
| /operating_model/cells/downside_2026q4_gc_interest:downside/formula/refs/2 | None | downside_2026q4_gc_quarter |
| /operating_model/cells/downside_2026q4_gc_interest:downside/id | None | downside_2026q4_gc_interest |
| /operating_model/cells/downside_2026q4_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2026q4_gc_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_interest:downside/value | None | 9.056 |
| /operating_model/cells/downside_2026q4_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_principal:downside/id | None | downside_2026q4_gc_principal |
| /operating_model/cells/downside_2026q4_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2026q4_gc_principal:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gc_principal:downside/value | None | 30.0 |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/id | None | downside_2026q4_gc_quarter |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q4_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gp_da:downside/id | None | downside_2026q4_gp_da |
| /operating_model/cells/downside_2026q4_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2026q4_gp_da:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gp_da:downside/value | None | 0.55 |
| /operating_model/cells/downside_2026q4_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2026q4_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_gross_cost:downside/formula/refs/0 | None | downside_2026q4_claims |
| /operating_model/cells/downside_2026q4_gross_cost:downside/formula/refs/1 | None | downside_2026q4_other_insurance |
| /operating_model/cells/downside_2026q4_gross_cost:downside/formula/refs/2 | None | downside_2026q4_gp_da |
| /operating_model/cells/downside_2026q4_gross_cost:downside/id | None | downside_2026q4_gross_cost |
| /operating_model/cells/downside_2026q4_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2026q4_gross_cost:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gross_cost:downside/value | None | 237.35666666666668 |
| /operating_model/cells/downside_2026q4_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gross_earned:downside/id | None | downside_2026q4_gross_earned |
| /operating_model/cells/downside_2026q4_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2026q4_gross_earned:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gross_earned:downside/value | None | 367.0 |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/formula/refs/0 | None | downside_2026q4_attritional_loss |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/formula/refs/1 | None | downside_2026q4_cat_loss |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/formula/refs/2 | None | downside_2026q4_lae_ratio |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/formula/refs/3 | None | downside_2026q4_prior_development |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/id | None | downside_2026q4_gross_loss_ratio |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_gross_loss_ratio:downside/value | None | 0.71 |
| /operating_model/cells/downside_2026q4_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2026q4_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/0 | None | downside_2026q4_revenue |
| /operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/1 | None | downside_2026q4_gross_cost |
| /operating_model/cells/downside_2026q4_gross_profit:downside/id | None | downside_2026q4_gross_profit |
| /operating_model/cells/downside_2026q4_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2026q4_gross_profit:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_gross_profit:downside/value | None | 88.64333333333332 |
| /operating_model/cells/downside_2026q4_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2026q4_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_growth_advances:downside/formula/refs/0 | None | downside_2026q4_gc_advance |
| /operating_model/cells/downside_2026q4_growth_advances:downside/formula/refs/1 | None | downside_2026q4_hannover_advance |
| /operating_model/cells/downside_2026q4_growth_advances:downside/id | None | downside_2026q4_growth_advances |
| /operating_model/cells/downside_2026q4_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2026q4_growth_advances:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_growth_advances:downside/value | None | 40.0 |
| /operating_model/cells/downside_2026q4_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2026q4_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_growth_principal:downside/formula/refs/0 | None | downside_2026q4_gc_principal |
| /operating_model/cells/downside_2026q4_growth_principal:downside/formula/refs/1 | None | downside_2026q4_hannover_principal |
| /operating_model/cells/downside_2026q4_growth_principal:downside/id | None | downside_2026q4_growth_principal |
| /operating_model/cells/downside_2026q4_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2026q4_growth_principal:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_growth_principal:downside/value | None | 30.0 |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/id | None | downside_2026q4_hannover_advance |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/id | None | downside_2026q4_hannover_annual_rate |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2026q4_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2026q4_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_hannover_available:downside/formula/refs/0 | None | downside_2026q3_hannover_ending |
| /operating_model/cells/downside_2026q4_hannover_available:downside/formula/refs/1 | None | downside_2026q4_hannover_advance |
| /operating_model/cells/downside_2026q4_hannover_available:downside/id | None | downside_2026q4_hannover_available |
| /operating_model/cells/downside_2026q4_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2026q4_hannover_available:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_available:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2026q4_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_hannover_average:downside/formula/refs/0 | None | downside_2026q4_hannover_balance_sum |
| /operating_model/cells/downside_2026q4_hannover_average:downside/formula/refs/1 | None | downside_2026q4_hannover_half |
| /operating_model/cells/downside_2026q4_hannover_average:downside/id | None | downside_2026q4_hannover_average |
| /operating_model/cells/downside_2026q4_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2026q4_hannover_average:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_average:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/formula/refs/0 | None | downside_2026q3_hannover_ending |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/formula/refs/1 | None | downside_2026q4_hannover_ending |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/id | None | downside_2026q4_hannover_balance_sum |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_balance_sum:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/formula/refs/0 | None | downside_2026q4_hannover_available |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/formula/refs/1 | None | downside_2026q4_hannover_principal |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/id | None | downside_2026q4_hannover_ending |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_ending:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_half:downside/id | None | downside_2026q4_hannover_half |
| /operating_model/cells/downside_2026q4_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2026q4_hannover_half:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/formula/refs/0 | None | downside_2026q4_hannover_average |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/formula/refs/1 | None | downside_2026q4_hannover_annual_rate |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/formula/refs/2 | None | downside_2026q4_hannover_quarter |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/id | None | downside_2026q4_hannover_interest |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_interest:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/id | None | downside_2026q4_hannover_principal |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_hannover_principal:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/id | None | downside_2026q4_hannover_quarter |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/id | None | downside_2026q4_insurance_cost_ratio |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/formula/refs/0 | None | downside_2026q4_unearned_inflow |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/formula/refs/1 | None | downside_2026q4_claims_reserve_inflow |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/id | None | downside_2026q4_insurance_inflows |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_insurance_inflows:downside/value | None | 78.0 |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/formula/refs/0 | None | downside_2026q4_premium_receivables |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/formula/refs/1 | None | downside_2026q4_reinsurance_other |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/id | None | downside_2026q4_insurance_uses |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_insurance_uses:downside/value | None | 76.0 |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/formula/refs/0 | None | downside_2026q4_insurance_inflows |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/formula/refs/1 | None | downside_2026q4_insurance_uses |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/id | None | downside_2026q4_insurance_wc |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2026q4_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_investment_income:downside/id | None | downside_2026q4_investment_income |
| /operating_model/cells/downside_2026q4_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2026q4_investment_income:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/id | None | downside_2026q4_lae_ratio |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/formula/refs/0 | None | downside_2026q4_growth_advances |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/formula/refs/1 | None | downside_2026q4_growth_principal |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/id | None | downside_2026q4_net_growth_financing |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_net_growth_financing:downside/value | None | 10.0 |
| /operating_model/cells/downside_2026q4_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2026q4_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_net_income:downside/formula/refs/0 | None | downside_2026q4_pretax |
| /operating_model/cells/downside_2026q4_net_income:downside/formula/refs/1 | None | downside_2026q4_cash_tax |
| /operating_model/cells/downside_2026q4_net_income:downside/id | None | downside_2026q4_net_income |
| /operating_model/cells/downside_2026q4_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2026q4_net_income:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_net_income:downside/value | None | -86.56266666666666 |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/formula/refs/0 | None | downside_2026q4_gross_loss_ratio |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/formula/refs/1 | None | downside_2026q4_net_reinsurance_basis |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/id | None | downside_2026q4_net_loss_ratio |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_net_loss_ratio:downside/value | None | 0.74 |
| /operating_model/cells/downside_2026q4_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2026q4_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_net_premium:downside/formula/refs/0 | None | downside_2026q4_gross_earned |
| /operating_model/cells/downside_2026q4_net_premium:downside/formula/refs/1 | None | downside_2026q4_retention |
| /operating_model/cells/downside_2026q4_net_premium:downside/id | None | downside_2026q4_net_premium |
| /operating_model/cells/downside_2026q4_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2026q4_net_premium:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_net_premium:downside/value | None | 280.33333333333337 |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/id | None | downside_2026q4_net_reinsurance_basis |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2026q4_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2026q4_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_operating_expense:downside/formula/refs/0 | None | downside_2026q4_ordinary_opex |
| /operating_model/cells/downside_2026q4_operating_expense:downside/formula/refs/1 | None | downside_2026q4_finance_interest |
| /operating_model/cells/downside_2026q4_operating_expense:downside/id | None | downside_2026q4_operating_expense |
| /operating_model/cells/downside_2026q4_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2026q4_operating_expense:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_operating_expense:downside/value | None | 174.056 |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/id | None | downside_2026q4_ordinary_opex |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_ordinary_opex:downside/value | None | 165.0 |
| /operating_model/cells/downside_2026q4_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2026q4_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_other_insurance:downside/formula/refs/0 | None | downside_2026q4_gross_earned |
| /operating_model/cells/downside_2026q4_other_insurance:downside/formula/refs/1 | None | downside_2026q4_insurance_cost_ratio |
| /operating_model/cells/downside_2026q4_other_insurance:downside/id | None | downside_2026q4_other_insurance |
| /operating_model/cells/downside_2026q4_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2026q4_other_insurance:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_other_insurance:downside/value | None | 29.36 |
| /operating_model/cells/downside_2026q4_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_other_interest:downside/id | None | downside_2026q4_other_interest |
| /operating_model/cells/downside_2026q4_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2026q4_other_interest:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2026q4_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_other_revenue:downside/id | None | downside_2026q4_other_revenue |
| /operating_model/cells/downside_2026q4_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2026q4_other_revenue:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_other_revenue:downside/value | None | 14.0 |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/id | None | downside_2026q4_premium_receivables |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_premium_receivables:downside/value | None | 67.0 |
| /operating_model/cells/downside_2026q4_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2026q4_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_pretax:downside/formula/refs/0 | None | downside_2026q4_revenue |
| /operating_model/cells/downside_2026q4_pretax:downside/formula/refs/1 | None | downside_2026q4_total_cost |
| /operating_model/cells/downside_2026q4_pretax:downside/id | None | downside_2026q4_pretax |
| /operating_model/cells/downside_2026q4_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2026q4_pretax:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_pretax:downside/value | None | -84.86266666666666 |
| /operating_model/cells/downside_2026q4_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_prior_development:downside/id | None | downside_2026q4_prior_development |
| /operating_model/cells/downside_2026q4_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2026q4_prior_development:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/id | None | downside_2026q4_reinsurance_other |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_reinsurance_other:downside/value | None | 9.0 |
| /operating_model/cells/downside_2026q4_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2026q4_retention:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_retention:downside/id | None | downside_2026q4_retention |
| /operating_model/cells/downside_2026q4_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2026q4_retention:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_retention:downside/value | None | 0.7638510445049955 |
| /operating_model/cells/downside_2026q4_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2026q4_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0 | None | downside_2026q4_net_premium |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1 | None | downside_2026q4_ceding_commission |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/2 | None | downside_2026q4_investment_income |
| /operating_model/cells/downside_2026q4_revenue:downside/formula/refs/3 | None | downside_2026q4_other_revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/id | None | downside_2026q4_revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2026q4_revenue:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_revenue:downside/value | None | 326.0 |
| /operating_model/cells/downside_2026q4_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_sbc:downside/id | None | downside_2026q4_sbc |
| /operating_model/cells/downside_2026q4_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2026q4_sbc:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_sbc:downside/value | None | 25.3 |
| /operating_model/cells/downside_2026q4_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2026q4_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_total_cost:downside/formula/refs/0 | None | downside_2026q4_claims |
| /operating_model/cells/downside_2026q4_total_cost:downside/formula/refs/1 | None | downside_2026q4_other_insurance |
| /operating_model/cells/downside_2026q4_total_cost:downside/formula/refs/2 | None | downside_2026q4_operating_expense |
| /operating_model/cells/downside_2026q4_total_cost:downside/id | None | downside_2026q4_total_cost |
| /operating_model/cells/downside_2026q4_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2026q4_total_cost:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_total_cost:downside/value | None | 410.86266666666666 |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/id | None | downside_2026q4_unearned_inflow |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_unearned_inflow:downside/value | None | 69.0 |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/0 | None | downside_2027q1_ebitda_add |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/1 | None | downside_2027q1_ebitda_income_remove |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/id | None | downside_2027q1_adj_ebitda |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_adj_ebitda:downside/value | None | -55.76666666666671 |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/id | None | downside_2027q1_attritional_loss |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2027q1_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_bad_debt:downside/id | None | downside_2027q1_bad_debt |
| /operating_model/cells/downside_2027q1_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2027q1_bad_debt:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_bad_debt:downside/value | None | 7.5 |
| /operating_model/cells/downside_2027q1_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_capex:downside/id | None | downside_2027q1_capex |
| /operating_model/cells/downside_2027q1_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2027q1_capex:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_capex:downside/value | None | 6.0 |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/formula/refs/0 | None | downside_2027q1_fcf |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/formula/refs/1 | None | downside_2027q1_net_growth_financing |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/id | None | downside_2027q1_cash_after_financing |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_after_financing:downside/value | None | -52.19016666666671 |
| /operating_model/cells/downside_2027q1_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_tax:downside/id | None | downside_2027q1_cash_tax |
| /operating_model/cells/downside_2027q1_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2027q1_cash_tax:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_tax:downside/value | None | 1.9 |
| /operating_model/cells/downside_2027q1_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cat_loss:downside/id | None | downside_2027q1_cat_loss |
| /operating_model/cells/downside_2027q1_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2027q1_cat_loss:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_cat_loss:downside/value | None | 0.05 |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/formula/refs/0 | None | downside_2027q1_gross_earned |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/formula/refs/1 | None | downside_2027q1_net_premium |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/id | None | downside_2027q1_ceded_premium |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ceded_premium:downside/value | None | 89.33333333333331 |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/formula/refs/0 | None | downside_2027q1_ceded_premium |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/formula/refs/1 | None | downside_2027q1_commission_rate |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/id | None | downside_2027q1_ceding_commission |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ceding_commission:downside/value | None | 22.33333333333333 |
| /operating_model/cells/downside_2027q1_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2027q1_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0 | None | downside_2027q1_net_income |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1 | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/2 | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/3 | None | downside_2027q1_bad_debt |
| /operating_model/cells/downside_2027q1_cfo:downside/formula/refs/4 | None | downside_2027q1_insurance_wc |
| /operating_model/cells/downside_2027q1_cfo:downside/id | None | downside_2027q1_cfo |
| /operating_model/cells/downside_2027q1_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2027q1_cfo:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cfo:downside/value | None | -46.19016666666671 |
| /operating_model/cells/downside_2027q1_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2027q1_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_claims:downside/formula/refs/0 | None | downside_2027q1_net_premium |
| /operating_model/cells/downside_2027q1_claims:downside/formula/refs/1 | None | downside_2027q1_net_loss_ratio |
| /operating_model/cells/downside_2027q1_claims:downside/id | None | downside_2027q1_claims |
| /operating_model/cells/downside_2027q1_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2027q1_claims:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_claims:downside/value | None | 210.72666666666672 |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/id | None | downside_2027q1_claims_reserve_inflow |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_claims_reserve_inflow:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q1_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_commission_rate:downside/id | None | downside_2027q1_commission_rate |
| /operating_model/cells/downside_2027q1_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2027q1_commission_rate:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q1_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_da:downside/id | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2027q1_da:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_da:downside/value | None | 3.1999999999999997 |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/formula/refs/0 | None | downside_2027q1_pretax |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/formula/refs/1 | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/formula/refs/2 | None | downside_2027q1_da |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/formula/refs/3 | None | downside_2027q1_finance_interest |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/id | None | downside_2027q1_ebitda_add |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ebitda_add:downside/value | None | -44.76666666666671 |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/formula/refs/0 | None | downside_2027q1_investment_income |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/formula/refs/1 | None | downside_2027q1_other_interest |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/id | None | downside_2027q1_ebitda_income_remove |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q1_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2027q1_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_fcf:downside/formula/refs/0 | None | downside_2027q1_cfo |
| /operating_model/cells/downside_2027q1_fcf:downside/formula/refs/1 | None | downside_2027q1_capex |
| /operating_model/cells/downside_2027q1_fcf:downside/id | None | downside_2027q1_fcf |
| /operating_model/cells/downside_2027q1_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2027q1_fcf:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_fcf:downside/value | None | -52.19016666666671 |
| /operating_model/cells/downside_2027q1_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2027q1_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_finance_interest:downside/formula/refs/0 | None | downside_2027q1_gc_interest |
| /operating_model/cells/downside_2027q1_finance_interest:downside/formula/refs/1 | None | downside_2027q1_hannover_interest |
| /operating_model/cells/downside_2027q1_finance_interest:downside/id | None | downside_2027q1_finance_interest |
| /operating_model/cells/downside_2027q1_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2027q1_finance_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_finance_interest:downside/value | None | 9.023499999999999 |
| /operating_model/cells/downside_2027q1_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_advance:downside/id | None | downside_2027q1_gc_advance |
| /operating_model/cells/downside_2027q1_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2027q1_gc_advance:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/id | None | downside_2027q1_gc_annual_rate |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2027q1_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2027q1_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_gc_available:downside/formula/refs/0 | None | downside_2026q4_gc_ending |
| /operating_model/cells/downside_2027q1_gc_available:downside/formula/refs/1 | None | downside_2027q1_gc_advance |
| /operating_model/cells/downside_2027q1_gc_available:downside/id | None | downside_2027q1_gc_available |
| /operating_model/cells/downside_2027q1_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2027q1_gc_available:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_available:downside/value | None | 231.39999999999998 |
| /operating_model/cells/downside_2027q1_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q1_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_gc_average:downside/formula/refs/0 | None | downside_2027q1_gc_balance_sum |
| /operating_model/cells/downside_2027q1_gc_average:downside/formula/refs/1 | None | downside_2027q1_gc_half |
| /operating_model/cells/downside_2027q1_gc_average:downside/id | None | downside_2027q1_gc_average |
| /operating_model/cells/downside_2027q1_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2027q1_gc_average:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_average:downside/value | None | 216.39999999999998 |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/formula/refs/0 | None | downside_2026q4_gc_ending |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/formula/refs/1 | None | downside_2027q1_gc_ending |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/id | None | downside_2027q1_gc_balance_sum |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_balance_sum:downside/value | None | 432.79999999999995 |
| /operating_model/cells/downside_2027q1_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2027q1_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_gc_ending:downside/formula/refs/0 | None | downside_2027q1_gc_available |
| /operating_model/cells/downside_2027q1_gc_ending:downside/formula/refs/1 | None | downside_2027q1_gc_principal |
| /operating_model/cells/downside_2027q1_gc_ending:downside/id | None | downside_2027q1_gc_ending |
| /operating_model/cells/downside_2027q1_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2027q1_gc_ending:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_ending:downside/value | None | 201.39999999999998 |
| /operating_model/cells/downside_2027q1_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_half:downside/id | None | downside_2027q1_gc_half |
| /operating_model/cells/downside_2027q1_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q1_gc_half:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q1_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q1_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_gc_interest:downside/formula/refs/0 | None | downside_2027q1_gc_average |
| /operating_model/cells/downside_2027q1_gc_interest:downside/formula/refs/1 | None | downside_2027q1_gc_annual_rate |
| /operating_model/cells/downside_2027q1_gc_interest:downside/formula/refs/2 | None | downside_2027q1_gc_quarter |
| /operating_model/cells/downside_2027q1_gc_interest:downside/id | None | downside_2027q1_gc_interest |
| /operating_model/cells/downside_2027q1_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2027q1_gc_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_interest:downside/value | None | 8.655999999999999 |
| /operating_model/cells/downside_2027q1_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_principal:downside/id | None | downside_2027q1_gc_principal |
| /operating_model/cells/downside_2027q1_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2027q1_gc_principal:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gc_principal:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/id | None | downside_2027q1_gc_quarter |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q1_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gp_da:downside/id | None | downside_2027q1_gp_da |
| /operating_model/cells/downside_2027q1_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2027q1_gp_da:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gp_da:downside/value | None | 0.6 |
| /operating_model/cells/downside_2027q1_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2027q1_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_gross_cost:downside/formula/refs/0 | None | downside_2027q1_claims |
| /operating_model/cells/downside_2027q1_gross_cost:downside/formula/refs/1 | None | downside_2027q1_other_insurance |
| /operating_model/cells/downside_2027q1_gross_cost:downside/formula/refs/2 | None | downside_2027q1_gp_da |
| /operating_model/cells/downside_2027q1_gross_cost:downside/id | None | downside_2027q1_gross_cost |
| /operating_model/cells/downside_2027q1_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2027q1_gross_cost:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gross_cost:downside/value | None | 241.56666666666672 |
| /operating_model/cells/downside_2027q1_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gross_earned:downside/id | None | downside_2027q1_gross_earned |
| /operating_model/cells/downside_2027q1_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2027q1_gross_earned:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gross_earned:downside/value | None | 378.0 |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/formula/refs/0 | None | downside_2027q1_attritional_loss |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/formula/refs/1 | None | downside_2027q1_cat_loss |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/formula/refs/2 | None | downside_2027q1_lae_ratio |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/formula/refs/3 | None | downside_2027q1_prior_development |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/id | None | downside_2027q1_gross_loss_ratio |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_gross_loss_ratio:downside/value | None | 0.7000000000000001 |
| /operating_model/cells/downside_2027q1_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2027q1_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/0 | None | downside_2027q1_revenue |
| /operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/1 | None | downside_2027q1_gross_cost |
| /operating_model/cells/downside_2027q1_gross_profit:downside/id | None | downside_2027q1_gross_profit |
| /operating_model/cells/downside_2027q1_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2027q1_gross_profit:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_gross_profit:downside/value | None | 94.43333333333328 |
| /operating_model/cells/downside_2027q1_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2027q1_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_growth_advances:downside/formula/refs/0 | None | downside_2027q1_gc_advance |
| /operating_model/cells/downside_2027q1_growth_advances:downside/formula/refs/1 | None | downside_2027q1_hannover_advance |
| /operating_model/cells/downside_2027q1_growth_advances:downside/id | None | downside_2027q1_growth_advances |
| /operating_model/cells/downside_2027q1_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2027q1_growth_advances:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_growth_advances:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2027q1_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_growth_principal:downside/formula/refs/0 | None | downside_2027q1_gc_principal |
| /operating_model/cells/downside_2027q1_growth_principal:downside/formula/refs/1 | None | downside_2027q1_hannover_principal |
| /operating_model/cells/downside_2027q1_growth_principal:downside/id | None | downside_2027q1_growth_principal |
| /operating_model/cells/downside_2027q1_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2027q1_growth_principal:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_growth_principal:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/id | None | downside_2027q1_hannover_advance |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_advance:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/id | None | downside_2027q1_hannover_annual_rate |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2027q1_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2027q1_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_hannover_available:downside/formula/refs/0 | None | downside_2026q4_hannover_ending |
| /operating_model/cells/downside_2027q1_hannover_available:downside/formula/refs/1 | None | downside_2027q1_hannover_advance |
| /operating_model/cells/downside_2027q1_hannover_available:downside/id | None | downside_2027q1_hannover_available |
| /operating_model/cells/downside_2027q1_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2027q1_hannover_available:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_available:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q1_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_hannover_average:downside/formula/refs/0 | None | downside_2027q1_hannover_balance_sum |
| /operating_model/cells/downside_2027q1_hannover_average:downside/formula/refs/1 | None | downside_2027q1_hannover_half |
| /operating_model/cells/downside_2027q1_hannover_average:downside/id | None | downside_2027q1_hannover_average |
| /operating_model/cells/downside_2027q1_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2027q1_hannover_average:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_average:downside/value | None | 15.0 |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/formula/refs/0 | None | downside_2026q4_hannover_ending |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/formula/refs/1 | None | downside_2027q1_hannover_ending |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/id | None | downside_2027q1_hannover_balance_sum |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_balance_sum:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/formula/refs/0 | None | downside_2027q1_hannover_available |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/formula/refs/1 | None | downside_2027q1_hannover_principal |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/id | None | downside_2027q1_hannover_ending |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_ending:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q1_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_half:downside/id | None | downside_2027q1_hannover_half |
| /operating_model/cells/downside_2027q1_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q1_hannover_half:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/formula/refs/0 | None | downside_2027q1_hannover_average |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/formula/refs/1 | None | downside_2027q1_hannover_annual_rate |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/formula/refs/2 | None | downside_2027q1_hannover_quarter |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/id | None | downside_2027q1_hannover_interest |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_interest:downside/value | None | 0.3675 |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/id | None | downside_2027q1_hannover_principal |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_hannover_principal:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/id | None | downside_2027q1_hannover_quarter |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/id | None | downside_2027q1_insurance_cost_ratio |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/formula/refs/0 | None | downside_2027q1_unearned_inflow |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/formula/refs/1 | None | downside_2027q1_claims_reserve_inflow |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/id | None | downside_2027q1_insurance_inflows |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_insurance_inflows:downside/value | None | 86.0 |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/formula/refs/0 | None | downside_2027q1_premium_receivables |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/formula/refs/1 | None | downside_2027q1_reinsurance_other |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/id | None | downside_2027q1_insurance_uses |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_insurance_uses:downside/value | None | 84.0 |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/formula/refs/0 | None | downside_2027q1_insurance_inflows |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/formula/refs/1 | None | downside_2027q1_insurance_uses |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/id | None | downside_2027q1_insurance_wc |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q1_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_investment_income:downside/id | None | downside_2027q1_investment_income |
| /operating_model/cells/downside_2027q1_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2027q1_investment_income:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/id | None | downside_2027q1_lae_ratio |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/formula/refs/0 | None | downside_2027q1_growth_advances |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/formula/refs/1 | None | downside_2027q1_growth_principal |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/id | None | downside_2027q1_net_growth_financing |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_net_growth_financing:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2027q1_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_net_income:downside/formula/refs/0 | None | downside_2027q1_pretax |
| /operating_model/cells/downside_2027q1_net_income:downside/formula/refs/1 | None | downside_2027q1_cash_tax |
| /operating_model/cells/downside_2027q1_net_income:downside/id | None | downside_2027q1_net_income |
| /operating_model/cells/downside_2027q1_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2027q1_net_income:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_net_income:downside/value | None | -84.89016666666672 |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/formula/refs/0 | None | downside_2027q1_gross_loss_ratio |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/formula/refs/1 | None | downside_2027q1_net_reinsurance_basis |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/id | None | downside_2027q1_net_loss_ratio |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_net_loss_ratio:downside/value | None | 0.7300000000000001 |
| /operating_model/cells/downside_2027q1_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2027q1_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_net_premium:downside/formula/refs/0 | None | downside_2027q1_gross_earned |
| /operating_model/cells/downside_2027q1_net_premium:downside/formula/refs/1 | None | downside_2027q1_retention |
| /operating_model/cells/downside_2027q1_net_premium:downside/id | None | downside_2027q1_net_premium |
| /operating_model/cells/downside_2027q1_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2027q1_net_premium:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_net_premium:downside/value | None | 288.6666666666667 |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/id | None | downside_2027q1_net_reinsurance_basis |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2027q1_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2027q1_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_operating_expense:downside/formula/refs/0 | None | downside_2027q1_ordinary_opex |
| /operating_model/cells/downside_2027q1_operating_expense:downside/formula/refs/1 | None | downside_2027q1_finance_interest |
| /operating_model/cells/downside_2027q1_operating_expense:downside/id | None | downside_2027q1_operating_expense |
| /operating_model/cells/downside_2027q1_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2027q1_operating_expense:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_operating_expense:downside/value | None | 178.0235 |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/id | None | downside_2027q1_ordinary_opex |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_ordinary_opex:downside/value | None | 169.0 |
| /operating_model/cells/downside_2027q1_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2027q1_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_other_insurance:downside/formula/refs/0 | None | downside_2027q1_gross_earned |
| /operating_model/cells/downside_2027q1_other_insurance:downside/formula/refs/1 | None | downside_2027q1_insurance_cost_ratio |
| /operating_model/cells/downside_2027q1_other_insurance:downside/id | None | downside_2027q1_other_insurance |
| /operating_model/cells/downside_2027q1_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2027q1_other_insurance:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_other_insurance:downside/value | None | 30.240000000000002 |
| /operating_model/cells/downside_2027q1_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_other_interest:downside/id | None | downside_2027q1_other_interest |
| /operating_model/cells/downside_2027q1_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2027q1_other_interest:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q1_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_other_revenue:downside/id | None | downside_2027q1_other_revenue |
| /operating_model/cells/downside_2027q1_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2027q1_other_revenue:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_other_revenue:downside/value | None | 15.0 |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/id | None | downside_2027q1_premium_receivables |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_premium_receivables:downside/value | None | 74.0 |
| /operating_model/cells/downside_2027q1_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2027q1_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_pretax:downside/formula/refs/0 | None | downside_2027q1_revenue |
| /operating_model/cells/downside_2027q1_pretax:downside/formula/refs/1 | None | downside_2027q1_total_cost |
| /operating_model/cells/downside_2027q1_pretax:downside/id | None | downside_2027q1_pretax |
| /operating_model/cells/downside_2027q1_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2027q1_pretax:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_pretax:downside/value | None | -82.99016666666671 |
| /operating_model/cells/downside_2027q1_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_prior_development:downside/id | None | downside_2027q1_prior_development |
| /operating_model/cells/downside_2027q1_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2027q1_prior_development:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/id | None | downside_2027q1_reinsurance_other |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_reinsurance_other:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q1_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2027q1_retention:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_retention:downside/id | None | downside_2027q1_retention |
| /operating_model/cells/downside_2027q1_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2027q1_retention:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_retention:downside/value | None | 0.763668430335097 |
| /operating_model/cells/downside_2027q1_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2027q1_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0 | None | downside_2027q1_net_premium |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1 | None | downside_2027q1_ceding_commission |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/2 | None | downside_2027q1_investment_income |
| /operating_model/cells/downside_2027q1_revenue:downside/formula/refs/3 | None | downside_2027q1_other_revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/id | None | downside_2027q1_revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q1_revenue:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_revenue:downside/value | None | 336.0 |
| /operating_model/cells/downside_2027q1_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_sbc:downside/id | None | downside_2027q1_sbc |
| /operating_model/cells/downside_2027q1_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2027q1_sbc:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_sbc:downside/value | None | 26.0 |
| /operating_model/cells/downside_2027q1_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2027q1_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_total_cost:downside/formula/refs/0 | None | downside_2027q1_claims |
| /operating_model/cells/downside_2027q1_total_cost:downside/formula/refs/1 | None | downside_2027q1_other_insurance |
| /operating_model/cells/downside_2027q1_total_cost:downside/formula/refs/2 | None | downside_2027q1_operating_expense |
| /operating_model/cells/downside_2027q1_total_cost:downside/id | None | downside_2027q1_total_cost |
| /operating_model/cells/downside_2027q1_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2027q1_total_cost:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_total_cost:downside/value | None | 418.9901666666667 |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/id | None | downside_2027q1_unearned_inflow |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_unearned_inflow:downside/value | None | 76.0 |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/0 | None | downside_2027q2_ebitda_add |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/1 | None | downside_2027q2_ebitda_income_remove |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/id | None | downside_2027q2_adj_ebitda |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_adj_ebitda:downside/value | None | -60.573333333333345 |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/id | None | downside_2027q2_attritional_loss |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2027q2_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_bad_debt:downside/id | None | downside_2027q2_bad_debt |
| /operating_model/cells/downside_2027q2_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2027q2_bad_debt:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_bad_debt:downside/value | None | 8.0 |
| /operating_model/cells/downside_2027q2_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_capex:downside/id | None | downside_2027q2_capex |
| /operating_model/cells/downside_2027q2_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2027q2_capex:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_capex:downside/value | None | 6.5 |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/formula/refs/0 | None | downside_2027q2_fcf |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/formula/refs/1 | None | downside_2027q2_net_growth_financing |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/id | None | downside_2027q2_cash_after_financing |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_after_financing:downside/value | None | -66.57058333333333 |
| /operating_model/cells/downside_2027q2_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_tax:downside/id | None | downside_2027q2_cash_tax |
| /operating_model/cells/downside_2027q2_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2027q2_cash_tax:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_tax:downside/value | None | 2.1 |
| /operating_model/cells/downside_2027q2_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cat_loss:downside/id | None | downside_2027q2_cat_loss |
| /operating_model/cells/downside_2027q2_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2027q2_cat_loss:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_cat_loss:downside/value | None | 0.06 |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/formula/refs/0 | None | downside_2027q2_gross_earned |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/formula/refs/1 | None | downside_2027q2_net_premium |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/id | None | downside_2027q2_ceded_premium |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ceded_premium:downside/value | None | 97.33333333333331 |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/formula/refs/0 | None | downside_2027q2_ceded_premium |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/formula/refs/1 | None | downside_2027q2_commission_rate |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/id | None | downside_2027q2_ceding_commission |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ceding_commission:downside/value | None | 24.33333333333333 |
| /operating_model/cells/downside_2027q2_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2027q2_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0 | None | downside_2027q2_net_income |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1 | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/2 | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/3 | None | downside_2027q2_bad_debt |
| /operating_model/cells/downside_2027q2_cfo:downside/formula/refs/4 | None | downside_2027q2_insurance_wc |
| /operating_model/cells/downside_2027q2_cfo:downside/id | None | downside_2027q2_cfo |
| /operating_model/cells/downside_2027q2_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2027q2_cfo:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cfo:downside/value | None | -50.07058333333334 |
| /operating_model/cells/downside_2027q2_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2027q2_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_claims:downside/formula/refs/0 | None | downside_2027q2_net_premium |
| /operating_model/cells/downside_2027q2_claims:downside/formula/refs/1 | None | downside_2027q2_net_loss_ratio |
| /operating_model/cells/downside_2027q2_claims:downside/id | None | downside_2027q2_claims |
| /operating_model/cells/downside_2027q2_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2027q2_claims:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_claims:downside/value | None | 223.97333333333336 |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/id | None | downside_2027q2_claims_reserve_inflow |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_claims_reserve_inflow:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q2_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_commission_rate:downside/id | None | downside_2027q2_commission_rate |
| /operating_model/cells/downside_2027q2_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2027q2_commission_rate:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q2_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_da:downside/id | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2027q2_da:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_da:downside/value | None | 3.4 |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/formula/refs/0 | None | downside_2027q2_pretax |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/formula/refs/1 | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/formula/refs/2 | None | downside_2027q2_da |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/formula/refs/3 | None | downside_2027q2_finance_interest |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/id | None | downside_2027q2_ebitda_add |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ebitda_add:downside/value | None | -49.573333333333345 |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/formula/refs/0 | None | downside_2027q2_investment_income |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/formula/refs/1 | None | downside_2027q2_other_interest |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/id | None | downside_2027q2_ebitda_income_remove |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q2_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2027q2_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_fcf:downside/formula/refs/0 | None | downside_2027q2_cfo |
| /operating_model/cells/downside_2027q2_fcf:downside/formula/refs/1 | None | downside_2027q2_capex |
| /operating_model/cells/downside_2027q2_fcf:downside/id | None | downside_2027q2_fcf |
| /operating_model/cells/downside_2027q2_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2027q2_fcf:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_fcf:downside/value | None | -56.57058333333334 |
| /operating_model/cells/downside_2027q2_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2027q2_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_finance_interest:downside/formula/refs/0 | None | downside_2027q2_gc_interest |
| /operating_model/cells/downside_2027q2_finance_interest:downside/formula/refs/1 | None | downside_2027q2_hannover_interest |
| /operating_model/cells/downside_2027q2_finance_interest:downside/id | None | downside_2027q2_finance_interest |
| /operating_model/cells/downside_2027q2_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2027q2_finance_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_finance_interest:downside/value | None | 8.39725 |
| /operating_model/cells/downside_2027q2_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_advance:downside/id | None | downside_2027q2_gc_advance |
| /operating_model/cells/downside_2027q2_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2027q2_gc_advance:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/id | None | downside_2027q2_gc_annual_rate |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2027q2_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2027q2_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_gc_available:downside/formula/refs/0 | None | downside_2027q1_gc_ending |
| /operating_model/cells/downside_2027q2_gc_available:downside/formula/refs/1 | None | downside_2027q2_gc_advance |
| /operating_model/cells/downside_2027q2_gc_available:downside/id | None | downside_2027q2_gc_available |
| /operating_model/cells/downside_2027q2_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2027q2_gc_available:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_available:downside/value | None | 201.39999999999998 |
| /operating_model/cells/downside_2027q2_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q2_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_gc_average:downside/formula/refs/0 | None | downside_2027q2_gc_balance_sum |
| /operating_model/cells/downside_2027q2_gc_average:downside/formula/refs/1 | None | downside_2027q2_gc_half |
| /operating_model/cells/downside_2027q2_gc_average:downside/id | None | downside_2027q2_gc_average |
| /operating_model/cells/downside_2027q2_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2027q2_gc_average:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_average:downside/value | None | 183.89999999999998 |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/formula/refs/0 | None | downside_2027q1_gc_ending |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/formula/refs/1 | None | downside_2027q2_gc_ending |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/id | None | downside_2027q2_gc_balance_sum |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_balance_sum:downside/value | None | 367.79999999999995 |
| /operating_model/cells/downside_2027q2_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2027q2_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_gc_ending:downside/formula/refs/0 | None | downside_2027q2_gc_available |
| /operating_model/cells/downside_2027q2_gc_ending:downside/formula/refs/1 | None | downside_2027q2_gc_principal |
| /operating_model/cells/downside_2027q2_gc_ending:downside/id | None | downside_2027q2_gc_ending |
| /operating_model/cells/downside_2027q2_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2027q2_gc_ending:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_ending:downside/value | None | 166.39999999999998 |
| /operating_model/cells/downside_2027q2_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_half:downside/id | None | downside_2027q2_gc_half |
| /operating_model/cells/downside_2027q2_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q2_gc_half:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q2_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q2_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_gc_interest:downside/formula/refs/0 | None | downside_2027q2_gc_average |
| /operating_model/cells/downside_2027q2_gc_interest:downside/formula/refs/1 | None | downside_2027q2_gc_annual_rate |
| /operating_model/cells/downside_2027q2_gc_interest:downside/formula/refs/2 | None | downside_2027q2_gc_quarter |
| /operating_model/cells/downside_2027q2_gc_interest:downside/id | None | downside_2027q2_gc_interest |
| /operating_model/cells/downside_2027q2_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2027q2_gc_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_interest:downside/value | None | 7.355999999999999 |
| /operating_model/cells/downside_2027q2_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_principal:downside/id | None | downside_2027q2_gc_principal |
| /operating_model/cells/downside_2027q2_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2027q2_gc_principal:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gc_principal:downside/value | None | 35.0 |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/id | None | downside_2027q2_gc_quarter |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q2_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gp_da:downside/id | None | downside_2027q2_gp_da |
| /operating_model/cells/downside_2027q2_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2027q2_gp_da:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gp_da:downside/value | None | 0.65 |
| /operating_model/cells/downside_2027q2_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2027q2_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_gross_cost:downside/formula/refs/0 | None | downside_2027q2_claims |
| /operating_model/cells/downside_2027q2_gross_cost:downside/formula/refs/1 | None | downside_2027q2_other_insurance |
| /operating_model/cells/downside_2027q2_gross_cost:downside/formula/refs/2 | None | downside_2027q2_gp_da |
| /operating_model/cells/downside_2027q2_gross_cost:downside/id | None | downside_2027q2_gross_cost |
| /operating_model/cells/downside_2027q2_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2027q2_gross_cost:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gross_cost:downside/value | None | 256.62333333333333 |
| /operating_model/cells/downside_2027q2_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gross_earned:downside/id | None | downside_2027q2_gross_earned |
| /operating_model/cells/downside_2027q2_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2027q2_gross_earned:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gross_earned:downside/value | None | 400.0 |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/formula/refs/0 | None | downside_2027q2_attritional_loss |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/formula/refs/1 | None | downside_2027q2_cat_loss |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/formula/refs/2 | None | downside_2027q2_lae_ratio |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/formula/refs/3 | None | downside_2027q2_prior_development |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/id | None | downside_2027q2_gross_loss_ratio |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_gross_loss_ratio:downside/value | None | 0.71 |
| /operating_model/cells/downside_2027q2_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2027q2_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/0 | None | downside_2027q2_revenue |
| /operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/1 | None | downside_2027q2_gross_cost |
| /operating_model/cells/downside_2027q2_gross_profit:downside/id | None | downside_2027q2_gross_profit |
| /operating_model/cells/downside_2027q2_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2027q2_gross_profit:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_gross_profit:downside/value | None | 96.37666666666667 |
| /operating_model/cells/downside_2027q2_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2027q2_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_growth_advances:downside/formula/refs/0 | None | downside_2027q2_gc_advance |
| /operating_model/cells/downside_2027q2_growth_advances:downside/formula/refs/1 | None | downside_2027q2_hannover_advance |
| /operating_model/cells/downside_2027q2_growth_advances:downside/id | None | downside_2027q2_growth_advances |
| /operating_model/cells/downside_2027q2_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2027q2_growth_advances:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_growth_advances:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q2_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2027q2_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_growth_principal:downside/formula/refs/0 | None | downside_2027q2_gc_principal |
| /operating_model/cells/downside_2027q2_growth_principal:downside/formula/refs/1 | None | downside_2027q2_hannover_principal |
| /operating_model/cells/downside_2027q2_growth_principal:downside/id | None | downside_2027q2_growth_principal |
| /operating_model/cells/downside_2027q2_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2027q2_growth_principal:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_growth_principal:downside/value | None | 40.0 |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/id | None | downside_2027q2_hannover_advance |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_advance:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/id | None | downside_2027q2_hannover_annual_rate |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2027q2_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2027q2_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_hannover_available:downside/formula/refs/0 | None | downside_2027q1_hannover_ending |
| /operating_model/cells/downside_2027q2_hannover_available:downside/formula/refs/1 | None | downside_2027q2_hannover_advance |
| /operating_model/cells/downside_2027q2_hannover_available:downside/id | None | downside_2027q2_hannover_available |
| /operating_model/cells/downside_2027q2_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2027q2_hannover_available:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_available:downside/value | None | 60.0 |
| /operating_model/cells/downside_2027q2_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q2_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_hannover_average:downside/formula/refs/0 | None | downside_2027q2_hannover_balance_sum |
| /operating_model/cells/downside_2027q2_hannover_average:downside/formula/refs/1 | None | downside_2027q2_hannover_half |
| /operating_model/cells/downside_2027q2_hannover_average:downside/id | None | downside_2027q2_hannover_average |
| /operating_model/cells/downside_2027q2_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2027q2_hannover_average:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_average:downside/value | None | 42.5 |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/formula/refs/0 | None | downside_2027q1_hannover_ending |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/formula/refs/1 | None | downside_2027q2_hannover_ending |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/id | None | downside_2027q2_hannover_balance_sum |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_balance_sum:downside/value | None | 85.0 |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/formula/refs/0 | None | downside_2027q2_hannover_available |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/formula/refs/1 | None | downside_2027q2_hannover_principal |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/id | None | downside_2027q2_hannover_ending |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_ending:downside/value | None | 55.0 |
| /operating_model/cells/downside_2027q2_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_half:downside/id | None | downside_2027q2_hannover_half |
| /operating_model/cells/downside_2027q2_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q2_hannover_half:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/formula/refs/0 | None | downside_2027q2_hannover_average |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/formula/refs/1 | None | downside_2027q2_hannover_annual_rate |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/formula/refs/2 | None | downside_2027q2_hannover_quarter |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/id | None | downside_2027q2_hannover_interest |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_interest:downside/value | None | 1.04125 |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/id | None | downside_2027q2_hannover_principal |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_hannover_principal:downside/value | None | 5.0 |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/id | None | downside_2027q2_hannover_quarter |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/id | None | downside_2027q2_insurance_cost_ratio |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/formula/refs/0 | None | downside_2027q2_unearned_inflow |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/formula/refs/1 | None | downside_2027q2_claims_reserve_inflow |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/id | None | downside_2027q2_insurance_inflows |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_insurance_inflows:downside/value | None | 94.0 |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/formula/refs/0 | None | downside_2027q2_premium_receivables |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/formula/refs/1 | None | downside_2027q2_reinsurance_other |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/id | None | downside_2027q2_insurance_uses |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_insurance_uses:downside/value | None | 92.0 |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/formula/refs/0 | None | downside_2027q2_insurance_inflows |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/formula/refs/1 | None | downside_2027q2_insurance_uses |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/id | None | downside_2027q2_insurance_wc |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q2_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_investment_income:downside/id | None | downside_2027q2_investment_income |
| /operating_model/cells/downside_2027q2_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2027q2_investment_income:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/id | None | downside_2027q2_lae_ratio |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/formula/refs/0 | None | downside_2027q2_growth_advances |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/formula/refs/1 | None | downside_2027q2_growth_principal |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/id | None | downside_2027q2_net_growth_financing |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_net_growth_financing:downside/value | None | -10.0 |
| /operating_model/cells/downside_2027q2_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2027q2_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_net_income:downside/formula/refs/0 | None | downside_2027q2_pretax |
| /operating_model/cells/downside_2027q2_net_income:downside/formula/refs/1 | None | downside_2027q2_cash_tax |
| /operating_model/cells/downside_2027q2_net_income:downside/id | None | downside_2027q2_net_income |
| /operating_model/cells/downside_2027q2_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2027q2_net_income:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_net_income:downside/value | None | -90.47058333333334 |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/formula/refs/0 | None | downside_2027q2_gross_loss_ratio |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/formula/refs/1 | None | downside_2027q2_net_reinsurance_basis |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/id | None | downside_2027q2_net_loss_ratio |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_net_loss_ratio:downside/value | None | 0.74 |
| /operating_model/cells/downside_2027q2_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2027q2_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_net_premium:downside/formula/refs/0 | None | downside_2027q2_gross_earned |
| /operating_model/cells/downside_2027q2_net_premium:downside/formula/refs/1 | None | downside_2027q2_retention |
| /operating_model/cells/downside_2027q2_net_premium:downside/id | None | downside_2027q2_net_premium |
| /operating_model/cells/downside_2027q2_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2027q2_net_premium:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_net_premium:downside/value | None | 302.6666666666667 |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/id | None | downside_2027q2_net_reinsurance_basis |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2027q2_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2027q2_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_operating_expense:downside/formula/refs/0 | None | downside_2027q2_ordinary_opex |
| /operating_model/cells/downside_2027q2_operating_expense:downside/formula/refs/1 | None | downside_2027q2_finance_interest |
| /operating_model/cells/downside_2027q2_operating_expense:downside/id | None | downside_2027q2_operating_expense |
| /operating_model/cells/downside_2027q2_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2027q2_operating_expense:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_operating_expense:downside/value | None | 185.39724999999999 |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/id | None | downside_2027q2_ordinary_opex |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_ordinary_opex:downside/value | None | 177.0 |
| /operating_model/cells/downside_2027q2_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2027q2_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_other_insurance:downside/formula/refs/0 | None | downside_2027q2_gross_earned |
| /operating_model/cells/downside_2027q2_other_insurance:downside/formula/refs/1 | None | downside_2027q2_insurance_cost_ratio |
| /operating_model/cells/downside_2027q2_other_insurance:downside/id | None | downside_2027q2_other_insurance |
| /operating_model/cells/downside_2027q2_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2027q2_other_insurance:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_other_insurance:downside/value | None | 32.0 |
| /operating_model/cells/downside_2027q2_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_other_interest:downside/id | None | downside_2027q2_other_interest |
| /operating_model/cells/downside_2027q2_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2027q2_other_interest:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q2_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_other_revenue:downside/id | None | downside_2027q2_other_revenue |
| /operating_model/cells/downside_2027q2_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2027q2_other_revenue:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_other_revenue:downside/value | None | 16.0 |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/id | None | downside_2027q2_premium_receivables |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_premium_receivables:downside/value | None | 81.0 |
| /operating_model/cells/downside_2027q2_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2027q2_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_pretax:downside/formula/refs/0 | None | downside_2027q2_revenue |
| /operating_model/cells/downside_2027q2_pretax:downside/formula/refs/1 | None | downside_2027q2_total_cost |
| /operating_model/cells/downside_2027q2_pretax:downside/id | None | downside_2027q2_pretax |
| /operating_model/cells/downside_2027q2_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2027q2_pretax:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_pretax:downside/value | None | -88.37058333333334 |
| /operating_model/cells/downside_2027q2_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_prior_development:downside/id | None | downside_2027q2_prior_development |
| /operating_model/cells/downside_2027q2_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2027q2_prior_development:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/id | None | downside_2027q2_reinsurance_other |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_reinsurance_other:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q2_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2027q2_retention:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_retention:downside/id | None | downside_2027q2_retention |
| /operating_model/cells/downside_2027q2_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2027q2_retention:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_retention:downside/value | None | 0.7566666666666667 |
| /operating_model/cells/downside_2027q2_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2027q2_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0 | None | downside_2027q2_net_premium |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1 | None | downside_2027q2_ceding_commission |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/2 | None | downside_2027q2_investment_income |
| /operating_model/cells/downside_2027q2_revenue:downside/formula/refs/3 | None | downside_2027q2_other_revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/id | None | downside_2027q2_revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q2_revenue:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_revenue:downside/value | None | 353.0 |
| /operating_model/cells/downside_2027q2_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_sbc:downside/id | None | downside_2027q2_sbc |
| /operating_model/cells/downside_2027q2_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2027q2_sbc:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_sbc:downside/value | None | 27.0 |
| /operating_model/cells/downside_2027q2_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2027q2_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_total_cost:downside/formula/refs/0 | None | downside_2027q2_claims |
| /operating_model/cells/downside_2027q2_total_cost:downside/formula/refs/1 | None | downside_2027q2_other_insurance |
| /operating_model/cells/downside_2027q2_total_cost:downside/formula/refs/2 | None | downside_2027q2_operating_expense |
| /operating_model/cells/downside_2027q2_total_cost:downside/id | None | downside_2027q2_total_cost |
| /operating_model/cells/downside_2027q2_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2027q2_total_cost:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_total_cost:downside/value | None | 441.37058333333334 |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/id | None | downside_2027q2_unearned_inflow |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_unearned_inflow:downside/value | None | 83.0 |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/0 | None | downside_2027q3_ebitda_add |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/1 | None | downside_2027q3_ebitda_income_remove |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/id | None | downside_2027q3_adj_ebitda |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_adj_ebitda:downside/value | None | -75.34666666666665 |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/id | None | downside_2027q3_attritional_loss |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2027q3_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_bad_debt:downside/id | None | downside_2027q3_bad_debt |
| /operating_model/cells/downside_2027q3_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2027q3_bad_debt:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_bad_debt:downside/value | None | 8.5 |
| /operating_model/cells/downside_2027q3_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_capex:downside/id | None | downside_2027q3_capex |
| /operating_model/cells/downside_2027q3_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2027q3_capex:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_capex:downside/value | None | 7.0 |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/formula/refs/0 | None | downside_2027q3_fcf |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/formula/refs/1 | None | downside_2027q3_net_growth_financing |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/id | None | downside_2027q3_cash_after_financing |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_after_financing:downside/value | None | -85.69516666666665 |
| /operating_model/cells/downside_2027q3_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_tax:downside/id | None | downside_2027q3_cash_tax |
| /operating_model/cells/downside_2027q3_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2027q3_cash_tax:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_tax:downside/value | None | 2.3 |
| /operating_model/cells/downside_2027q3_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cat_loss:downside/id | None | downside_2027q3_cat_loss |
| /operating_model/cells/downside_2027q3_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2027q3_cat_loss:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_cat_loss:downside/value | None | 0.09 |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/formula/refs/0 | None | downside_2027q3_gross_earned |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/formula/refs/1 | None | downside_2027q3_net_premium |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/id | None | downside_2027q3_ceded_premium |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ceded_premium:downside/value | None | 102.66666666666669 |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/formula/refs/0 | None | downside_2027q3_ceded_premium |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/formula/refs/1 | None | downside_2027q3_commission_rate |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/id | None | downside_2027q3_ceding_commission |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ceding_commission:downside/value | None | 25.66666666666667 |
| /operating_model/cells/downside_2027q3_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2027q3_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0 | None | downside_2027q3_net_income |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1 | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/2 | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/3 | None | downside_2027q3_bad_debt |
| /operating_model/cells/downside_2027q3_cfo:downside/formula/refs/4 | None | downside_2027q3_insurance_wc |
| /operating_model/cells/downside_2027q3_cfo:downside/id | None | downside_2027q3_cfo |
| /operating_model/cells/downside_2027q3_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2027q3_cfo:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cfo:downside/value | None | -63.69516666666665 |
| /operating_model/cells/downside_2027q3_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2027q3_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_claims:downside/formula/refs/0 | None | downside_2027q3_net_premium |
| /operating_model/cells/downside_2027q3_claims:downside/formula/refs/1 | None | downside_2027q3_net_loss_ratio |
| /operating_model/cells/downside_2027q3_claims:downside/id | None | downside_2027q3_claims |
| /operating_model/cells/downside_2027q3_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2027q3_claims:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_claims:downside/value | None | 244.34666666666666 |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/id | None | downside_2027q3_claims_reserve_inflow |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_claims_reserve_inflow:downside/value | None | 12.0 |
| /operating_model/cells/downside_2027q3_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_commission_rate:downside/id | None | downside_2027q3_commission_rate |
| /operating_model/cells/downside_2027q3_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2027q3_commission_rate:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q3_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_da:downside/id | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2027q3_da:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_da:downside/value | None | 3.5999999999999996 |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/formula/refs/0 | None | downside_2027q3_pretax |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/formula/refs/1 | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/formula/refs/2 | None | downside_2027q3_da |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/formula/refs/3 | None | downside_2027q3_finance_interest |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/id | None | downside_2027q3_ebitda_add |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ebitda_add:downside/value | None | -64.34666666666665 |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/formula/refs/0 | None | downside_2027q3_investment_income |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/formula/refs/1 | None | downside_2027q3_other_interest |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/id | None | downside_2027q3_ebitda_income_remove |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q3_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2027q3_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_fcf:downside/formula/refs/0 | None | downside_2027q3_cfo |
| /operating_model/cells/downside_2027q3_fcf:downside/formula/refs/1 | None | downside_2027q3_capex |
| /operating_model/cells/downside_2027q3_fcf:downside/id | None | downside_2027q3_fcf |
| /operating_model/cells/downside_2027q3_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2027q3_fcf:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_fcf:downside/value | None | -70.69516666666665 |
| /operating_model/cells/downside_2027q3_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2027q3_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_finance_interest:downside/formula/refs/0 | None | downside_2027q3_gc_interest |
| /operating_model/cells/downside_2027q3_finance_interest:downside/formula/refs/1 | None | downside_2027q3_hannover_interest |
| /operating_model/cells/downside_2027q3_finance_interest:downside/id | None | downside_2027q3_finance_interest |
| /operating_model/cells/downside_2027q3_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2027q3_finance_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_finance_interest:downside/value | None | 7.5485 |
| /operating_model/cells/downside_2027q3_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_advance:downside/id | None | downside_2027q3_gc_advance |
| /operating_model/cells/downside_2027q3_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2027q3_gc_advance:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/id | None | downside_2027q3_gc_annual_rate |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2027q3_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2027q3_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_gc_available:downside/formula/refs/0 | None | downside_2027q2_gc_ending |
| /operating_model/cells/downside_2027q3_gc_available:downside/formula/refs/1 | None | downside_2027q3_gc_advance |
| /operating_model/cells/downside_2027q3_gc_available:downside/id | None | downside_2027q3_gc_available |
| /operating_model/cells/downside_2027q3_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2027q3_gc_available:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_available:downside/value | None | 166.39999999999998 |
| /operating_model/cells/downside_2027q3_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q3_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_gc_average:downside/formula/refs/0 | None | downside_2027q3_gc_balance_sum |
| /operating_model/cells/downside_2027q3_gc_average:downside/formula/refs/1 | None | downside_2027q3_gc_half |
| /operating_model/cells/downside_2027q3_gc_average:downside/id | None | downside_2027q3_gc_average |
| /operating_model/cells/downside_2027q3_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2027q3_gc_average:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_average:downside/value | None | 148.89999999999998 |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/formula/refs/0 | None | downside_2027q2_gc_ending |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/formula/refs/1 | None | downside_2027q3_gc_ending |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/id | None | downside_2027q3_gc_balance_sum |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_balance_sum:downside/value | None | 297.79999999999995 |
| /operating_model/cells/downside_2027q3_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2027q3_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_gc_ending:downside/formula/refs/0 | None | downside_2027q3_gc_available |
| /operating_model/cells/downside_2027q3_gc_ending:downside/formula/refs/1 | None | downside_2027q3_gc_principal |
| /operating_model/cells/downside_2027q3_gc_ending:downside/id | None | downside_2027q3_gc_ending |
| /operating_model/cells/downside_2027q3_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2027q3_gc_ending:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_ending:downside/value | None | 131.39999999999998 |
| /operating_model/cells/downside_2027q3_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_half:downside/id | None | downside_2027q3_gc_half |
| /operating_model/cells/downside_2027q3_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q3_gc_half:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q3_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q3_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_gc_interest:downside/formula/refs/0 | None | downside_2027q3_gc_average |
| /operating_model/cells/downside_2027q3_gc_interest:downside/formula/refs/1 | None | downside_2027q3_gc_annual_rate |
| /operating_model/cells/downside_2027q3_gc_interest:downside/formula/refs/2 | None | downside_2027q3_gc_quarter |
| /operating_model/cells/downside_2027q3_gc_interest:downside/id | None | downside_2027q3_gc_interest |
| /operating_model/cells/downside_2027q3_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2027q3_gc_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_interest:downside/value | None | 5.9559999999999995 |
| /operating_model/cells/downside_2027q3_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_principal:downside/id | None | downside_2027q3_gc_principal |
| /operating_model/cells/downside_2027q3_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2027q3_gc_principal:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gc_principal:downside/value | None | 35.0 |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/id | None | downside_2027q3_gc_quarter |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q3_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gp_da:downside/id | None | downside_2027q3_gp_da |
| /operating_model/cells/downside_2027q3_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2027q3_gp_da:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gp_da:downside/value | None | 0.7 |
| /operating_model/cells/downside_2027q3_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2027q3_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_gross_cost:downside/formula/refs/0 | None | downside_2027q3_claims |
| /operating_model/cells/downside_2027q3_gross_cost:downside/formula/refs/1 | None | downside_2027q3_other_insurance |
| /operating_model/cells/downside_2027q3_gross_cost:downside/formula/refs/2 | None | downside_2027q3_gp_da |
| /operating_model/cells/downside_2027q3_gross_cost:downside/id | None | downside_2027q3_gross_cost |
| /operating_model/cells/downside_2027q3_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2027q3_gross_cost:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gross_cost:downside/value | None | 278.64666666666665 |
| /operating_model/cells/downside_2027q3_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gross_earned:downside/id | None | downside_2027q3_gross_earned |
| /operating_model/cells/downside_2027q3_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2027q3_gross_earned:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gross_earned:downside/value | None | 420.0 |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/formula/refs/0 | None | downside_2027q3_attritional_loss |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/formula/refs/1 | None | downside_2027q3_cat_loss |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/formula/refs/2 | None | downside_2027q3_lae_ratio |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/formula/refs/3 | None | downside_2027q3_prior_development |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/id | None | downside_2027q3_gross_loss_ratio |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_gross_loss_ratio:downside/value | None | 0.74 |
| /operating_model/cells/downside_2027q3_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2027q3_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/0 | None | downside_2027q3_revenue |
| /operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/1 | None | downside_2027q3_gross_cost |
| /operating_model/cells/downside_2027q3_gross_profit:downside/id | None | downside_2027q3_gross_profit |
| /operating_model/cells/downside_2027q3_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2027q3_gross_profit:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_gross_profit:downside/value | None | 91.35333333333335 |
| /operating_model/cells/downside_2027q3_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2027q3_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_growth_advances:downside/formula/refs/0 | None | downside_2027q3_gc_advance |
| /operating_model/cells/downside_2027q3_growth_advances:downside/formula/refs/1 | None | downside_2027q3_hannover_advance |
| /operating_model/cells/downside_2027q3_growth_advances:downside/id | None | downside_2027q3_growth_advances |
| /operating_model/cells/downside_2027q3_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2027q3_growth_advances:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_growth_advances:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q3_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2027q3_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_growth_principal:downside/formula/refs/0 | None | downside_2027q3_gc_principal |
| /operating_model/cells/downside_2027q3_growth_principal:downside/formula/refs/1 | None | downside_2027q3_hannover_principal |
| /operating_model/cells/downside_2027q3_growth_principal:downside/id | None | downside_2027q3_growth_principal |
| /operating_model/cells/downside_2027q3_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2027q3_growth_principal:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_growth_principal:downside/value | None | 45.0 |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/id | None | downside_2027q3_hannover_advance |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_advance:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/id | None | downside_2027q3_hannover_annual_rate |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2027q3_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2027q3_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_hannover_available:downside/formula/refs/0 | None | downside_2027q2_hannover_ending |
| /operating_model/cells/downside_2027q3_hannover_available:downside/formula/refs/1 | None | downside_2027q3_hannover_advance |
| /operating_model/cells/downside_2027q3_hannover_available:downside/id | None | downside_2027q3_hannover_available |
| /operating_model/cells/downside_2027q3_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2027q3_hannover_available:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_available:downside/value | None | 85.0 |
| /operating_model/cells/downside_2027q3_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q3_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_hannover_average:downside/formula/refs/0 | None | downside_2027q3_hannover_balance_sum |
| /operating_model/cells/downside_2027q3_hannover_average:downside/formula/refs/1 | None | downside_2027q3_hannover_half |
| /operating_model/cells/downside_2027q3_hannover_average:downside/id | None | downside_2027q3_hannover_average |
| /operating_model/cells/downside_2027q3_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2027q3_hannover_average:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_average:downside/value | None | 65.0 |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/formula/refs/0 | None | downside_2027q2_hannover_ending |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/formula/refs/1 | None | downside_2027q3_hannover_ending |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/id | None | downside_2027q3_hannover_balance_sum |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_balance_sum:downside/value | None | 130.0 |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/formula/refs/0 | None | downside_2027q3_hannover_available |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/formula/refs/1 | None | downside_2027q3_hannover_principal |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/id | None | downside_2027q3_hannover_ending |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_ending:downside/value | None | 75.0 |
| /operating_model/cells/downside_2027q3_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_half:downside/id | None | downside_2027q3_hannover_half |
| /operating_model/cells/downside_2027q3_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q3_hannover_half:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/formula/refs/0 | None | downside_2027q3_hannover_average |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/formula/refs/1 | None | downside_2027q3_hannover_annual_rate |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/formula/refs/2 | None | downside_2027q3_hannover_quarter |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/id | None | downside_2027q3_hannover_interest |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_interest:downside/value | None | 1.5925 |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/id | None | downside_2027q3_hannover_principal |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_hannover_principal:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/id | None | downside_2027q3_hannover_quarter |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/id | None | downside_2027q3_insurance_cost_ratio |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/formula/refs/0 | None | downside_2027q3_unearned_inflow |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/formula/refs/1 | None | downside_2027q3_claims_reserve_inflow |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/id | None | downside_2027q3_insurance_inflows |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_insurance_inflows:downside/value | None | 102.0 |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/formula/refs/0 | None | downside_2027q3_premium_receivables |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/formula/refs/1 | None | downside_2027q3_reinsurance_other |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/id | None | downside_2027q3_insurance_uses |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_insurance_uses:downside/value | None | 100.0 |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/formula/refs/0 | None | downside_2027q3_insurance_inflows |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/formula/refs/1 | None | downside_2027q3_insurance_uses |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/id | None | downside_2027q3_insurance_wc |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q3_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_investment_income:downside/id | None | downside_2027q3_investment_income |
| /operating_model/cells/downside_2027q3_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2027q3_investment_income:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/id | None | downside_2027q3_lae_ratio |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/formula/refs/0 | None | downside_2027q3_growth_advances |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/formula/refs/1 | None | downside_2027q3_growth_principal |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/id | None | downside_2027q3_net_growth_financing |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_net_growth_financing:downside/value | None | -15.0 |
| /operating_model/cells/downside_2027q3_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2027q3_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_net_income:downside/formula/refs/0 | None | downside_2027q3_pretax |
| /operating_model/cells/downside_2027q3_net_income:downside/formula/refs/1 | None | downside_2027q3_cash_tax |
| /operating_model/cells/downside_2027q3_net_income:downside/id | None | downside_2027q3_net_income |
| /operating_model/cells/downside_2027q3_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2027q3_net_income:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_net_income:downside/value | None | -105.79516666666665 |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/formula/refs/0 | None | downside_2027q3_gross_loss_ratio |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/formula/refs/1 | None | downside_2027q3_net_reinsurance_basis |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/id | None | downside_2027q3_net_loss_ratio |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_net_loss_ratio:downside/value | None | 0.77 |
| /operating_model/cells/downside_2027q3_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2027q3_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_net_premium:downside/formula/refs/0 | None | downside_2027q3_gross_earned |
| /operating_model/cells/downside_2027q3_net_premium:downside/formula/refs/1 | None | downside_2027q3_retention |
| /operating_model/cells/downside_2027q3_net_premium:downside/id | None | downside_2027q3_net_premium |
| /operating_model/cells/downside_2027q3_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2027q3_net_premium:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_net_premium:downside/value | None | 317.3333333333333 |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/id | None | downside_2027q3_net_reinsurance_basis |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2027q3_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2027q3_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_operating_expense:downside/formula/refs/0 | None | downside_2027q3_ordinary_opex |
| /operating_model/cells/downside_2027q3_operating_expense:downside/formula/refs/1 | None | downside_2027q3_finance_interest |
| /operating_model/cells/downside_2027q3_operating_expense:downside/id | None | downside_2027q3_operating_expense |
| /operating_model/cells/downside_2027q3_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2027q3_operating_expense:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_operating_expense:downside/value | None | 195.5485 |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/id | None | downside_2027q3_ordinary_opex |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_ordinary_opex:downside/value | None | 188.0 |
| /operating_model/cells/downside_2027q3_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2027q3_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_other_insurance:downside/formula/refs/0 | None | downside_2027q3_gross_earned |
| /operating_model/cells/downside_2027q3_other_insurance:downside/formula/refs/1 | None | downside_2027q3_insurance_cost_ratio |
| /operating_model/cells/downside_2027q3_other_insurance:downside/id | None | downside_2027q3_other_insurance |
| /operating_model/cells/downside_2027q3_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2027q3_other_insurance:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_other_insurance:downside/value | None | 33.6 |
| /operating_model/cells/downside_2027q3_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_other_interest:downside/id | None | downside_2027q3_other_interest |
| /operating_model/cells/downside_2027q3_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2027q3_other_interest:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q3_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_other_revenue:downside/id | None | downside_2027q3_other_revenue |
| /operating_model/cells/downside_2027q3_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2027q3_other_revenue:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_other_revenue:downside/value | None | 17.0 |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/id | None | downside_2027q3_premium_receivables |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_premium_receivables:downside/value | None | 88.0 |
| /operating_model/cells/downside_2027q3_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2027q3_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_pretax:downside/formula/refs/0 | None | downside_2027q3_revenue |
| /operating_model/cells/downside_2027q3_pretax:downside/formula/refs/1 | None | downside_2027q3_total_cost |
| /operating_model/cells/downside_2027q3_pretax:downside/id | None | downside_2027q3_pretax |
| /operating_model/cells/downside_2027q3_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2027q3_pretax:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_pretax:downside/value | None | -103.49516666666665 |
| /operating_model/cells/downside_2027q3_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_prior_development:downside/id | None | downside_2027q3_prior_development |
| /operating_model/cells/downside_2027q3_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2027q3_prior_development:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/id | None | downside_2027q3_reinsurance_other |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_reinsurance_other:downside/value | None | 12.0 |
| /operating_model/cells/downside_2027q3_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2027q3_retention:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_retention:downside/id | None | downside_2027q3_retention |
| /operating_model/cells/downside_2027q3_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2027q3_retention:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_retention:downside/value | None | 0.7555555555555555 |
| /operating_model/cells/downside_2027q3_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2027q3_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0 | None | downside_2027q3_net_premium |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1 | None | downside_2027q3_ceding_commission |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/2 | None | downside_2027q3_investment_income |
| /operating_model/cells/downside_2027q3_revenue:downside/formula/refs/3 | None | downside_2027q3_other_revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/id | None | downside_2027q3_revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q3_revenue:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_revenue:downside/value | None | 370.0 |
| /operating_model/cells/downside_2027q3_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_sbc:downside/id | None | downside_2027q3_sbc |
| /operating_model/cells/downside_2027q3_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2027q3_sbc:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_sbc:downside/value | None | 28.0 |
| /operating_model/cells/downside_2027q3_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2027q3_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_total_cost:downside/formula/refs/0 | None | downside_2027q3_claims |
| /operating_model/cells/downside_2027q3_total_cost:downside/formula/refs/1 | None | downside_2027q3_other_insurance |
| /operating_model/cells/downside_2027q3_total_cost:downside/formula/refs/2 | None | downside_2027q3_operating_expense |
| /operating_model/cells/downside_2027q3_total_cost:downside/id | None | downside_2027q3_total_cost |
| /operating_model/cells/downside_2027q3_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2027q3_total_cost:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_total_cost:downside/value | None | 473.49516666666665 |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/id | None | downside_2027q3_unearned_inflow |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_unearned_inflow:downside/value | None | 90.0 |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/0 | None | downside_2027q4_ebitda_add |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/1 | None | downside_2027q4_ebitda_income_remove |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/id | None | downside_2027q4_adj_ebitda |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_adj_ebitda:downside/value | None | -71.07999999999996 |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/id | None | downside_2027q4_attritional_loss |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/label | None | Attritional loss ratio |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_attritional_loss:downside/value | None | 0.6 |
| /operating_model/cells/downside_2027q4_bad_debt:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_bad_debt:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_bad_debt:downside/id | None | downside_2027q4_bad_debt |
| /operating_model/cells/downside_2027q4_bad_debt:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_bad_debt:downside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/downside_2027q4_bad_debt:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_bad_debt:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_bad_debt:downside/value | None | 9.0 |
| /operating_model/cells/downside_2027q4_capex:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_capex:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_capex:downside/id | None | downside_2027q4_capex |
| /operating_model/cells/downside_2027q4_capex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_capex:downside/label | None | Cash capex |
| /operating_model/cells/downside_2027q4_capex:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_capex:downside/value | None | 7.5 |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/formula/refs/0 | None | downside_2027q4_fcf |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/formula/refs/1 | None | downside_2027q4_net_growth_financing |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/id | None | downside_2027q4_cash_after_financing |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/label | None | Cash after net growth borrowing |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_after_financing:downside/value | None | -80.75724999999996 |
| /operating_model/cells/downside_2027q4_cash_tax:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_cash_tax:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_tax:downside/id | None | downside_2027q4_cash_tax |
| /operating_model/cells/downside_2027q4_cash_tax:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_cash_tax:downside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/downside_2027q4_cash_tax:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_tax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_tax:downside/value | None | 2.5 |
| /operating_model/cells/downside_2027q4_cat_loss:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_cat_loss:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cat_loss:downside/id | None | downside_2027q4_cat_loss |
| /operating_model/cells/downside_2027q4_cat_loss:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_cat_loss:downside/label | None | Catastrophe loss ratio |
| /operating_model/cells/downside_2027q4_cat_loss:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cat_loss:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_cat_loss:downside/value | None | 0.06 |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/formula/refs/0 | None | downside_2027q4_gross_earned |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/formula/refs/1 | None | downside_2027q4_net_premium |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/id | None | downside_2027q4_ceded_premium |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/label | None | Ceded earned premium |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ceded_premium:downside/value | None | 108.0 |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/formula/refs/0 | None | downside_2027q4_ceded_premium |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/formula/refs/1 | None | downside_2027q4_commission_rate |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/id | None | downside_2027q4_ceding_commission |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/label | None | Ceding commission income |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ceding_commission:downside/value | None | 27.0 |
| /operating_model/cells/downside_2027q4_cfo:downside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/downside_2027q4_cfo:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0 | None | downside_2027q4_net_income |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1 | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/2 | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/3 | None | downside_2027q4_bad_debt |
| /operating_model/cells/downside_2027q4_cfo:downside/formula/refs/4 | None | downside_2027q4_insurance_wc |
| /operating_model/cells/downside_2027q4_cfo:downside/id | None | downside_2027q4_cfo |
| /operating_model/cells/downside_2027q4_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cfo:downside/label | None | Operating cash flow proxy |
| /operating_model/cells/downside_2027q4_cfo:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cfo:downside/value | None | -58.25724999999996 |
| /operating_model/cells/downside_2027q4_claims:downside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/downside_2027q4_claims:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_claims:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_claims:downside/formula/refs/0 | None | downside_2027q4_net_premium |
| /operating_model/cells/downside_2027q4_claims:downside/formula/refs/1 | None | downside_2027q4_net_loss_ratio |
| /operating_model/cells/downside_2027q4_claims:downside/id | None | downside_2027q4_claims |
| /operating_model/cells/downside_2027q4_claims:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_claims:downside/label | None | Net losses and adjustment expense |
| /operating_model/cells/downside_2027q4_claims:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_claims:downside/value | None | 245.68 |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/id | None | downside_2027q4_claims_reserve_inflow |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/label | None | Claims reserve cash inflow |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_claims_reserve_inflow:downside/value | None | 13.0 |
| /operating_model/cells/downside_2027q4_commission_rate:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_commission_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_commission_rate:downside/id | None | downside_2027q4_commission_rate |
| /operating_model/cells/downside_2027q4_commission_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_commission_rate:downside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/downside_2027q4_commission_rate:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_commission_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_commission_rate:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q4_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_da:downside/id | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_da:downside/label | None | Total depreciation and amortization |
| /operating_model/cells/downside_2027q4_da:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_da:downside/value | None | 3.8 |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/formula/refs/0 | None | downside_2027q4_pretax |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/formula/refs/1 | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/formula/refs/2 | None | downside_2027q4_da |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/formula/refs/3 | None | downside_2027q4_finance_interest |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/id | None | downside_2027q4_ebitda_add |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ebitda_add:downside/value | None | -60.079999999999956 |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/formula/refs/0 | None | downside_2027q4_investment_income |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/formula/refs/1 | None | downside_2027q4_other_interest |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/id | None | downside_2027q4_ebitda_income_remove |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/label | None | Excluded investment and other interest |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ebitda_income_remove:downside/value | None | 11.0 |
| /operating_model/cells/downside_2027q4_fcf:downside/basis | None | No debt proceeds included. |
| /operating_model/cells/downside_2027q4_fcf:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_fcf:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_fcf:downside/formula/refs/0 | None | downside_2027q4_cfo |
| /operating_model/cells/downside_2027q4_fcf:downside/formula/refs/1 | None | downside_2027q4_capex |
| /operating_model/cells/downside_2027q4_fcf:downside/id | None | downside_2027q4_fcf |
| /operating_model/cells/downside_2027q4_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_fcf:downside/label | None | Unfinanced free cash flow |
| /operating_model/cells/downside_2027q4_fcf:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_fcf:downside/value | None | -65.75724999999996 |
| /operating_model/cells/downside_2027q4_finance_interest:downside/basis | None | Old and new financing coexist. |
| /operating_model/cells/downside_2027q4_finance_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_finance_interest:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_finance_interest:downside/formula/refs/0 | None | downside_2027q4_gc_interest |
| /operating_model/cells/downside_2027q4_finance_interest:downside/formula/refs/1 | None | downside_2027q4_hannover_interest |
| /operating_model/cells/downside_2027q4_finance_interest:downside/id | None | downside_2027q4_finance_interest |
| /operating_model/cells/downside_2027q4_finance_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_finance_interest:downside/label | None | Growth-financing interest |
| /operating_model/cells/downside_2027q4_finance_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_finance_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_finance_interest:downside/value | None | 6.677249999999999 |
| /operating_model/cells/downside_2027q4_gc_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gc_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_advance:downside/id | None | downside_2027q4_gc_advance |
| /operating_model/cells/downside_2027q4_gc_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gc_advance:downside/label | None | General Catalyst new advances |
| /operating_model/cells/downside_2027q4_gc_advance:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_advance:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/id | None | downside_2027q4_gc_annual_rate |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/label | None | gc annual financing rate |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_gc_annual_rate:downside/value | None | 0.16 |
| /operating_model/cells/downside_2027q4_gc_available:downside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/downside_2027q4_gc_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_gc_available:downside/formula/refs/0 | None | downside_2027q3_gc_ending |
| /operating_model/cells/downside_2027q4_gc_available:downside/formula/refs/1 | None | downside_2027q4_gc_advance |
| /operating_model/cells/downside_2027q4_gc_available:downside/id | None | downside_2027q4_gc_available |
| /operating_model/cells/downside_2027q4_gc_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gc_available:downside/label | None | GC opening plus advances |
| /operating_model/cells/downside_2027q4_gc_available:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_available:downside/value | None | 131.39999999999998 |
| /operating_model/cells/downside_2027q4_gc_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q4_gc_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_gc_average:downside/formula/refs/0 | None | downside_2027q4_gc_balance_sum |
| /operating_model/cells/downside_2027q4_gc_average:downside/formula/refs/1 | None | downside_2027q4_gc_half |
| /operating_model/cells/downside_2027q4_gc_average:downside/id | None | downside_2027q4_gc_average |
| /operating_model/cells/downside_2027q4_gc_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gc_average:downside/label | None | Average gc borrowing |
| /operating_model/cells/downside_2027q4_gc_average:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_average:downside/value | None | 116.39999999999998 |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/formula/refs/0 | None | downside_2027q3_gc_ending |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/formula/refs/1 | None | downside_2027q4_gc_ending |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/id | None | downside_2027q4_gc_balance_sum |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/label | None | Opening plus closing gc balance |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_balance_sum:downside/value | None | 232.79999999999995 |
| /operating_model/cells/downside_2027q4_gc_ending:downside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/downside_2027q4_gc_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_gc_ending:downside/formula/refs/0 | None | downside_2027q4_gc_available |
| /operating_model/cells/downside_2027q4_gc_ending:downside/formula/refs/1 | None | downside_2027q4_gc_principal |
| /operating_model/cells/downside_2027q4_gc_ending:downside/id | None | downside_2027q4_gc_ending |
| /operating_model/cells/downside_2027q4_gc_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gc_ending:downside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/downside_2027q4_gc_ending:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_ending:downside/value | None | 101.39999999999998 |
| /operating_model/cells/downside_2027q4_gc_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gc_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_half:downside/id | None | downside_2027q4_gc_half |
| /operating_model/cells/downside_2027q4_gc_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gc_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q4_gc_half:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_gc_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q4_gc_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q4_gc_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_gc_interest:downside/formula/refs/0 | None | downside_2027q4_gc_average |
| /operating_model/cells/downside_2027q4_gc_interest:downside/formula/refs/1 | None | downside_2027q4_gc_annual_rate |
| /operating_model/cells/downside_2027q4_gc_interest:downside/formula/refs/2 | None | downside_2027q4_gc_quarter |
| /operating_model/cells/downside_2027q4_gc_interest:downside/id | None | downside_2027q4_gc_interest |
| /operating_model/cells/downside_2027q4_gc_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gc_interest:downside/label | None | gc interest |
| /operating_model/cells/downside_2027q4_gc_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_interest:downside/value | None | 4.655999999999999 |
| /operating_model/cells/downside_2027q4_gc_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gc_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_principal:downside/id | None | downside_2027q4_gc_principal |
| /operating_model/cells/downside_2027q4_gc_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gc_principal:downside/label | None | General Catalyst principal repayment |
| /operating_model/cells/downside_2027q4_gc_principal:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gc_principal:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/id | None | downside_2027q4_gc_quarter |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_gc_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q4_gp_da:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gp_da:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gp_da:downside/id | None | downside_2027q4_gp_da |
| /operating_model/cells/downside_2027q4_gp_da:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gp_da:downside/label | None | D&A allocated to gross profit |
| /operating_model/cells/downside_2027q4_gp_da:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gp_da:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gp_da:downside/value | None | 0.75 |
| /operating_model/cells/downside_2027q4_gross_cost:downside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/downside_2027q4_gross_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gross_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_gross_cost:downside/formula/refs/0 | None | downside_2027q4_claims |
| /operating_model/cells/downside_2027q4_gross_cost:downside/formula/refs/1 | None | downside_2027q4_other_insurance |
| /operating_model/cells/downside_2027q4_gross_cost:downside/formula/refs/2 | None | downside_2027q4_gp_da |
| /operating_model/cells/downside_2027q4_gross_cost:downside/id | None | downside_2027q4_gross_cost |
| /operating_model/cells/downside_2027q4_gross_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gross_cost:downside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/downside_2027q4_gross_cost:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gross_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gross_cost:downside/value | None | 281.63 |
| /operating_model/cells/downside_2027q4_gross_earned:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gross_earned:downside/id | None | downside_2027q4_gross_earned |
| /operating_model/cells/downside_2027q4_gross_earned:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_gross_earned:downside/label | None | Gross earned premium |
| /operating_model/cells/downside_2027q4_gross_earned:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gross_earned:downside/value | None | 440.0 |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/formula/refs/0 | None | downside_2027q4_attritional_loss |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/formula/refs/1 | None | downside_2027q4_cat_loss |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/formula/refs/2 | None | downside_2027q4_lae_ratio |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/formula/refs/3 | None | downside_2027q4_prior_development |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/id | None | downside_2027q4_gross_loss_ratio |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/label | None | Gross loss ratio proxy |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_gross_loss_ratio:downside/value | None | 0.71 |
| /operating_model/cells/downside_2027q4_gross_profit:downside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/downside_2027q4_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_gross_profit:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/0 | None | downside_2027q4_revenue |
| /operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/1 | None | downside_2027q4_gross_cost |
| /operating_model/cells/downside_2027q4_gross_profit:downside/id | None | downside_2027q4_gross_profit |
| /operating_model/cells/downside_2027q4_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_gross_profit:downside/label | None | GAAP gross profit proxy |
| /operating_model/cells/downside_2027q4_gross_profit:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_gross_profit:downside/value | None | 105.37 |
| /operating_model/cells/downside_2027q4_growth_advances:downside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/downside_2027q4_growth_advances:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_growth_advances:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_growth_advances:downside/formula/refs/0 | None | downside_2027q4_gc_advance |
| /operating_model/cells/downside_2027q4_growth_advances:downside/formula/refs/1 | None | downside_2027q4_hannover_advance |
| /operating_model/cells/downside_2027q4_growth_advances:downside/id | None | downside_2027q4_growth_advances |
| /operating_model/cells/downside_2027q4_growth_advances:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_growth_advances:downside/label | None | New growth advances |
| /operating_model/cells/downside_2027q4_growth_advances:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_growth_advances:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_growth_advances:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q4_growth_principal:downside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/downside_2027q4_growth_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_growth_principal:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_growth_principal:downside/formula/refs/0 | None | downside_2027q4_gc_principal |
| /operating_model/cells/downside_2027q4_growth_principal:downside/formula/refs/1 | None | downside_2027q4_hannover_principal |
| /operating_model/cells/downside_2027q4_growth_principal:downside/id | None | downside_2027q4_growth_principal |
| /operating_model/cells/downside_2027q4_growth_principal:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_growth_principal:downside/label | None | Growth principal repayments |
| /operating_model/cells/downside_2027q4_growth_principal:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_growth_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_growth_principal:downside/value | None | 45.0 |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/id | None | downside_2027q4_hannover_advance |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/label | None | Hannover new advances |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_advance:downside/value | None | 30.0 |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/id | None | downside_2027q4_hannover_annual_rate |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/label | None | hannover annual financing rate |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_hannover_annual_rate:downside/value | None | 0.098 |
| /operating_model/cells/downside_2027q4_hannover_available:downside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/downside_2027q4_hannover_available:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_available:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_hannover_available:downside/formula/refs/0 | None | downside_2027q3_hannover_ending |
| /operating_model/cells/downside_2027q4_hannover_available:downside/formula/refs/1 | None | downside_2027q4_hannover_advance |
| /operating_model/cells/downside_2027q4_hannover_available:downside/id | None | downside_2027q4_hannover_available |
| /operating_model/cells/downside_2027q4_hannover_available:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_hannover_available:downside/label | None | Hannover opening plus advances |
| /operating_model/cells/downside_2027q4_hannover_available:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_available:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_available:downside/value | None | 105.0 |
| /operating_model/cells/downside_2027q4_hannover_average:downside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/downside_2027q4_hannover_average:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_average:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_hannover_average:downside/formula/refs/0 | None | downside_2027q4_hannover_balance_sum |
| /operating_model/cells/downside_2027q4_hannover_average:downside/formula/refs/1 | None | downside_2027q4_hannover_half |
| /operating_model/cells/downside_2027q4_hannover_average:downside/id | None | downside_2027q4_hannover_average |
| /operating_model/cells/downside_2027q4_hannover_average:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_hannover_average:downside/label | None | Average hannover borrowing |
| /operating_model/cells/downside_2027q4_hannover_average:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_average:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_average:downside/value | None | 82.5 |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/basis | None | Quarter average approximation. |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/formula/refs/0 | None | downside_2027q3_hannover_ending |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/formula/refs/1 | None | downside_2027q4_hannover_ending |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/id | None | downside_2027q4_hannover_balance_sum |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_balance_sum:downside/value | None | 165.0 |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/formula/refs/0 | None | downside_2027q4_hannover_available |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/formula/refs/1 | None | downside_2027q4_hannover_principal |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/id | None | downside_2027q4_hannover_ending |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/label | None | Hannover ending borrowing |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_ending:downside/value | None | 90.0 |
| /operating_model/cells/downside_2027q4_hannover_half:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_hannover_half:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_half:downside/id | None | downside_2027q4_hannover_half |
| /operating_model/cells/downside_2027q4_hannover_half:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hannover_half:downside/label | None | Average balance factor |
| /operating_model/cells/downside_2027q4_hannover_half:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_half:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_hannover_half:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/formula/refs/0 | None | downside_2027q4_hannover_average |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/formula/refs/1 | None | downside_2027q4_hannover_annual_rate |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/formula/refs/2 | None | downside_2027q4_hannover_quarter |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/id | None | downside_2027q4_hannover_interest |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/label | None | hannover interest |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_interest:downside/value | None | 2.02125 |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/id | None | downside_2027q4_hannover_principal |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/label | None | Hannover principal repayment |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_hannover_principal:downside/value | None | 15.0 |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/id | None | downside_2027q4_hannover_quarter |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/label | None | Quarter fraction |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_hannover_quarter:downside/value | None | 0.25 |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/id | None | downside_2027q4_insurance_cost_ratio |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_insurance_cost_ratio:downside/value | None | 0.08 |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/formula/refs/0 | None | downside_2027q4_unearned_inflow |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/formula/refs/1 | None | downside_2027q4_claims_reserve_inflow |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/id | None | downside_2027q4_insurance_inflows |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_insurance_inflows:downside/value | None | 110.0 |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/formula/refs/0 | None | downside_2027q4_premium_receivables |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/formula/refs/1 | None | downside_2027q4_reinsurance_other |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/id | None | downside_2027q4_insurance_uses |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_insurance_uses:downside/value | None | 108.0 |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/formula/refs/0 | None | downside_2027q4_insurance_inflows |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/formula/refs/1 | None | downside_2027q4_insurance_uses |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/id | None | downside_2027q4_insurance_wc |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/label | None | Insurance working-capital inflow |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_insurance_wc:downside/value | None | 2.0 |
| /operating_model/cells/downside_2027q4_investment_income:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_investment_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_investment_income:downside/id | None | downside_2027q4_investment_income |
| /operating_model/cells/downside_2027q4_investment_income:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_investment_income:downside/label | None | Investment income |
| /operating_model/cells/downside_2027q4_investment_income:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_investment_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_investment_income:downside/value | None | 10.0 |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/id | None | downside_2027q4_lae_ratio |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/label | None | Loss adjustment ratio |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_lae_ratio:downside/value | None | 0.05 |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/formula/refs/0 | None | downside_2027q4_growth_advances |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/formula/refs/1 | None | downside_2027q4_growth_principal |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/id | None | downside_2027q4_net_growth_financing |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/label | None | Net growth borrowing |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_net_growth_financing:downside/value | None | -15.0 |
| /operating_model/cells/downside_2027q4_net_income:downside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/downside_2027q4_net_income:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_income:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_net_income:downside/formula/refs/0 | None | downside_2027q4_pretax |
| /operating_model/cells/downside_2027q4_net_income:downside/formula/refs/1 | None | downside_2027q4_cash_tax |
| /operating_model/cells/downside_2027q4_net_income:downside/id | None | downside_2027q4_net_income |
| /operating_model/cells/downside_2027q4_net_income:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_net_income:downside/label | None | Net income proxy |
| /operating_model/cells/downside_2027q4_net_income:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_income:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_net_income:downside/value | None | -102.05724999999995 |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/formula/refs/0 | None | downside_2027q4_gross_loss_ratio |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/formula/refs/1 | None | downside_2027q4_net_reinsurance_basis |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/id | None | downside_2027q4_net_loss_ratio |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/label | None | Net loss ratio proxy |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_net_loss_ratio:downside/value | None | 0.74 |
| /operating_model/cells/downside_2027q4_net_premium:downside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/downside_2027q4_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_premium:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_net_premium:downside/formula/refs/0 | None | downside_2027q4_gross_earned |
| /operating_model/cells/downside_2027q4_net_premium:downside/formula/refs/1 | None | downside_2027q4_retention |
| /operating_model/cells/downside_2027q4_net_premium:downside/id | None | downside_2027q4_net_premium |
| /operating_model/cells/downside_2027q4_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_net_premium:downside/label | None | Net earned premium |
| /operating_model/cells/downside_2027q4_net_premium:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_net_premium:downside/value | None | 332.0 |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/id | None | downside_2027q4_net_reinsurance_basis |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_net_reinsurance_basis:downside/value | None | 0.03 |
| /operating_model/cells/downside_2027q4_operating_expense:downside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/downside_2027q4_operating_expense:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_operating_expense:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_operating_expense:downside/formula/refs/0 | None | downside_2027q4_ordinary_opex |
| /operating_model/cells/downside_2027q4_operating_expense:downside/formula/refs/1 | None | downside_2027q4_finance_interest |
| /operating_model/cells/downside_2027q4_operating_expense:downside/id | None | downside_2027q4_operating_expense |
| /operating_model/cells/downside_2027q4_operating_expense:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_operating_expense:downside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/downside_2027q4_operating_expense:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_operating_expense:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_operating_expense:downside/value | None | 205.67725 |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/id | None | downside_2027q4_ordinary_opex |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_ordinary_opex:downside/value | None | 199.0 |
| /operating_model/cells/downside_2027q4_other_insurance:downside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/downside_2027q4_other_insurance:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_other_insurance:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_other_insurance:downside/formula/refs/0 | None | downside_2027q4_gross_earned |
| /operating_model/cells/downside_2027q4_other_insurance:downside/formula/refs/1 | None | downside_2027q4_insurance_cost_ratio |
| /operating_model/cells/downside_2027q4_other_insurance:downside/id | None | downside_2027q4_other_insurance |
| /operating_model/cells/downside_2027q4_other_insurance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_other_insurance:downside/label | None | Other insurance expense |
| /operating_model/cells/downside_2027q4_other_insurance:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_other_insurance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_other_insurance:downside/value | None | 35.2 |
| /operating_model/cells/downside_2027q4_other_interest:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_other_interest:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_other_interest:downside/id | None | downside_2027q4_other_interest |
| /operating_model/cells/downside_2027q4_other_interest:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_other_interest:downside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/downside_2027q4_other_interest:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_other_interest:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_other_interest:downside/value | None | 1.0 |
| /operating_model/cells/downside_2027q4_other_revenue:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_other_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_other_revenue:downside/id | None | downside_2027q4_other_revenue |
| /operating_model/cells/downside_2027q4_other_revenue:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_other_revenue:downside/label | None | Commission and other income |
| /operating_model/cells/downside_2027q4_other_revenue:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_other_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_other_revenue:downside/value | None | 18.0 |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/id | None | downside_2027q4_premium_receivables |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/label | None | Premium receivable cash use |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_premium_receivables:downside/value | None | 95.0 |
| /operating_model/cells/downside_2027q4_pretax:downside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/downside_2027q4_pretax:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_pretax:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_pretax:downside/formula/refs/0 | None | downside_2027q4_revenue |
| /operating_model/cells/downside_2027q4_pretax:downside/formula/refs/1 | None | downside_2027q4_total_cost |
| /operating_model/cells/downside_2027q4_pretax:downside/id | None | downside_2027q4_pretax |
| /operating_model/cells/downside_2027q4_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_pretax:downside/label | None | GAAP pretax result |
| /operating_model/cells/downside_2027q4_pretax:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_pretax:downside/value | None | -99.55724999999995 |
| /operating_model/cells/downside_2027q4_prior_development:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_prior_development:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_prior_development:downside/id | None | downside_2027q4_prior_development |
| /operating_model/cells/downside_2027q4_prior_development:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_prior_development:downside/label | None | Prior-period development ratio |
| /operating_model/cells/downside_2027q4_prior_development:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_prior_development:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_prior_development:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/id | None | downside_2027q4_reinsurance_other |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_reinsurance_other:downside/value | None | 13.0 |
| /operating_model/cells/downside_2027q4_retention:downside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/downside_2027q4_retention:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_retention:downside/id | None | downside_2027q4_retention |
| /operating_model/cells/downside_2027q4_retention:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_retention:downside/label | None | Effective earned premium retention |
| /operating_model/cells/downside_2027q4_retention:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_retention:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_retention:downside/value | None | 0.7545454545454545 |
| /operating_model/cells/downside_2027q4_revenue:downside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/downside_2027q4_revenue:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0 | None | downside_2027q4_net_premium |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1 | None | downside_2027q4_ceding_commission |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/2 | None | downside_2027q4_investment_income |
| /operating_model/cells/downside_2027q4_revenue:downside/formula/refs/3 | None | downside_2027q4_other_revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/id | None | downside_2027q4_revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_revenue:downside/label | None | Total revenue |
| /operating_model/cells/downside_2027q4_revenue:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_revenue:downside/value | None | 387.0 |
| /operating_model/cells/downside_2027q4_sbc:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_sbc:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_sbc:downside/id | None | downside_2027q4_sbc |
| /operating_model/cells/downside_2027q4_sbc:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_sbc:downside/label | None | Total SBC |
| /operating_model/cells/downside_2027q4_sbc:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_sbc:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_sbc:downside/value | None | 29.0 |
| /operating_model/cells/downside_2027q4_total_cost:downside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/downside_2027q4_total_cost:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_total_cost:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_total_cost:downside/formula/refs/0 | None | downside_2027q4_claims |
| /operating_model/cells/downside_2027q4_total_cost:downside/formula/refs/1 | None | downside_2027q4_other_insurance |
| /operating_model/cells/downside_2027q4_total_cost:downside/formula/refs/2 | None | downside_2027q4_operating_expense |
| /operating_model/cells/downside_2027q4_total_cost:downside/id | None | downside_2027q4_total_cost |
| /operating_model/cells/downside_2027q4_total_cost:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_total_cost:downside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/downside_2027q4_total_cost:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_total_cost:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_total_cost:downside/value | None | 486.55724999999995 |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/id | None | downside_2027q4_unearned_inflow |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/label | None | Unearned premium cash inflow |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_unearned_inflow:downside/value | None | 97.0 |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/1 | None | downside_2026q3_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/2 | None | downside_2026q4_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/id | None | downside_fy2026_adj_ebitda |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_adj_ebitda:downside/value | None | -157.68 |
| /operating_model/cells/downside_fy2026_capex:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_capex:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_capex:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/0 | None | h1_capex |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/1 | None | downside_2026q3_capex |
| /operating_model/cells/downside_fy2026_capex:downside/formula/refs/2 | None | downside_2026q4_capex |
| /operating_model/cells/downside_fy2026_capex:downside/id | None | downside_fy2026_capex |
| /operating_model/cells/downside_fy2026_capex:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_capex:downside/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/downside_fy2026_capex:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_capex:downside/value | None | 18.6 |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/formula/refs/0 | None | h1_cash_after_financing |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/formula/refs/1 | None | downside_2026q3_cash_after_financing |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/formula/refs/2 | None | downside_2026q4_cash_after_financing |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/id | None | downside_fy2026_cash_after_financing |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_cash_after_financing:downside/value | None | -52.49199999999999 |
| /operating_model/cells/downside_fy2026_cfo:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_cfo:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1 | None | downside_2026q3_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/formula/refs/2 | None | downside_2026q4_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/id | None | downside_fy2026_cfo |
| /operating_model/cells/downside_fy2026_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_cfo:downside/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/downside_fy2026_cfo:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_cfo:downside/value | None | -107.192 |
| /operating_model/cells/downside_fy2026_claims:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_claims:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_claims:downside/formula/refs/0 | None | h1_claims |
| /operating_model/cells/downside_fy2026_claims:downside/formula/refs/1 | None | downside_2026q3_claims |
| /operating_model/cells/downside_fy2026_claims:downside/formula/refs/2 | None | downside_2026q4_claims |
| /operating_model/cells/downside_fy2026_claims:downside/id | None | downside_fy2026_claims |
| /operating_model/cells/downside_fy2026_claims:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_claims:downside/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/downside_fy2026_claims:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_claims:downside/value | None | 697.9200000000001 |
| /operating_model/cells/downside_fy2026_fcf:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_fcf:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_fcf:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_fcf:downside/formula/refs/0 | None | h1_fcf |
| /operating_model/cells/downside_fy2026_fcf:downside/formula/refs/1 | None | downside_2026q3_fcf |
| /operating_model/cells/downside_fy2026_fcf:downside/formula/refs/2 | None | downside_2026q4_fcf |
| /operating_model/cells/downside_fy2026_fcf:downside/id | None | downside_fy2026_fcf |
| /operating_model/cells/downside_fy2026_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_fcf:downside/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/downside_fy2026_fcf:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_fcf:downside/value | None | -125.79199999999999 |
| /operating_model/cells/downside_fy2026_gross_earned:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_gross_earned:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_gross_earned:downside/formula/refs/0 | None | h1_gross_earned |
| /operating_model/cells/downside_fy2026_gross_earned:downside/formula/refs/1 | None | downside_2026q3_gross_earned |
| /operating_model/cells/downside_fy2026_gross_earned:downside/formula/refs/2 | None | downside_2026q4_gross_earned |
| /operating_model/cells/downside_fy2026_gross_earned:downside/id | None | downside_fy2026_gross_earned |
| /operating_model/cells/downside_fy2026_gross_earned:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_gross_earned:downside/label | None | Gross earned premium ($M) |
| /operating_model/cells/downside_fy2026_gross_earned:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_gross_earned:downside/value | None | 1355.6 |
| /operating_model/cells/downside_fy2026_gross_profit:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_gross_profit:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/0 | None | h1_gross_profit |
| /operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/1 | None | downside_2026q3_gross_profit |
| /operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/2 | None | downside_2026q4_gross_profit |
| /operating_model/cells/downside_fy2026_gross_profit:downside/id | None | downside_fy2026_gross_profit |
| /operating_model/cells/downside_fy2026_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_gross_profit:downside/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/downside_fy2026_gross_profit:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_gross_profit:downside/value | None | 381.27 |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/formula/refs/0 | None | h1_net_growth_financing |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/formula/refs/1 | None | downside_2026q3_net_growth_financing |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/formula/refs/2 | None | downside_2026q4_net_growth_financing |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/id | None | downside_fy2026_net_growth_financing |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_net_growth_financing:downside/value | None | 73.30000000000001 |
| /operating_model/cells/downside_fy2026_net_premium:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_net_premium:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_net_premium:downside/formula/refs/0 | None | h1_net_premium |
| /operating_model/cells/downside_fy2026_net_premium:downside/formula/refs/1 | None | downside_2026q3_net_premium |
| /operating_model/cells/downside_fy2026_net_premium:downside/formula/refs/2 | None | downside_2026q4_net_premium |
| /operating_model/cells/downside_fy2026_net_premium:downside/id | None | downside_fy2026_net_premium |
| /operating_model/cells/downside_fy2026_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_net_premium:downside/label | None | Net earned premium ($M) |
| /operating_model/cells/downside_fy2026_net_premium:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_net_premium:downside/value | None | 1012.2666666666668 |
| /operating_model/cells/downside_fy2026_pretax:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_pretax:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_pretax:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_pretax:downside/formula/refs/0 | None | h1_pretax |
| /operating_model/cells/downside_fy2026_pretax:downside/formula/refs/1 | None | downside_2026q3_pretax |
| /operating_model/cells/downside_fy2026_pretax:downside/formula/refs/2 | None | downside_2026q4_pretax |
| /operating_model/cells/downside_fy2026_pretax:downside/id | None | downside_fy2026_pretax |
| /operating_model/cells/downside_fy2026_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_pretax:downside/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/downside_fy2026_pretax:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_pretax:downside/value | None | -248.992 |
| /operating_model/cells/downside_fy2026_revenue:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2026_revenue:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1 | None | downside_2026q3_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/formula/refs/2 | None | downside_2026q4_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/id | None | downside_fy2026_revenue |
| /operating_model/cells/downside_fy2026_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_revenue:downside/label | None | Total revenue ($M) |
| /operating_model/cells/downside_fy2026_revenue:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_revenue:downside/value | None | 1189.4 |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/0 | None | downside_2027q1_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/1 | None | downside_2027q2_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/2 | None | downside_2027q3_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/3 | None | downside_2027q4_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/id | None | downside_fy2027_adj_ebitda |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_adj_ebitda:downside/value | None | -262.76666666666665 |
| /operating_model/cells/downside_fy2027_capex:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_capex:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_capex:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/0 | None | downside_2027q1_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/1 | None | downside_2027q2_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/2 | None | downside_2027q3_capex |
| /operating_model/cells/downside_fy2027_capex:downside/formula/refs/3 | None | downside_2027q4_capex |
| /operating_model/cells/downside_fy2027_capex:downside/id | None | downside_fy2027_capex |
| /operating_model/cells/downside_fy2027_capex:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_capex:downside/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/downside_fy2027_capex:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_capex:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_capex:downside/value | None | 27.0 |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/formula/refs/0 | None | downside_2027q1_cash_after_financing |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/formula/refs/1 | None | downside_2027q2_cash_after_financing |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/formula/refs/2 | None | downside_2027q3_cash_after_financing |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/formula/refs/3 | None | downside_2027q4_cash_after_financing |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/id | None | downside_fy2027_cash_after_financing |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_cash_after_financing:downside/value | None | -285.21316666666667 |
| /operating_model/cells/downside_fy2027_cfo:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_cfo:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0 | None | downside_2027q1_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1 | None | downside_2027q2_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2 | None | downside_2027q3_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3 | None | downside_2027q4_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/id | None | downside_fy2027_cfo |
| /operating_model/cells/downside_fy2027_cfo:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_cfo:downside/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/downside_fy2027_cfo:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_cfo:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_cfo:downside/value | None | -218.21316666666667 |
| /operating_model/cells/downside_fy2027_claims:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_claims:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_claims:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_claims:downside/formula/refs/0 | None | downside_2027q1_claims |
| /operating_model/cells/downside_fy2027_claims:downside/formula/refs/1 | None | downside_2027q2_claims |
| /operating_model/cells/downside_fy2027_claims:downside/formula/refs/2 | None | downside_2027q3_claims |
| /operating_model/cells/downside_fy2027_claims:downside/formula/refs/3 | None | downside_2027q4_claims |
| /operating_model/cells/downside_fy2027_claims:downside/id | None | downside_fy2027_claims |
| /operating_model/cells/downside_fy2027_claims:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_claims:downside/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/downside_fy2027_claims:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_claims:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_claims:downside/value | None | 924.7266666666667 |
| /operating_model/cells/downside_fy2027_fcf:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_fcf:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_fcf:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_fcf:downside/formula/refs/0 | None | downside_2027q1_fcf |
| /operating_model/cells/downside_fy2027_fcf:downside/formula/refs/1 | None | downside_2027q2_fcf |
| /operating_model/cells/downside_fy2027_fcf:downside/formula/refs/2 | None | downside_2027q3_fcf |
| /operating_model/cells/downside_fy2027_fcf:downside/formula/refs/3 | None | downside_2027q4_fcf |
| /operating_model/cells/downside_fy2027_fcf:downside/id | None | downside_fy2027_fcf |
| /operating_model/cells/downside_fy2027_fcf:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_fcf:downside/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/downside_fy2027_fcf:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_fcf:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_fcf:downside/value | None | -245.21316666666667 |
| /operating_model/cells/downside_fy2027_gross_earned:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_gross_earned:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_gross_earned:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_gross_earned:downside/formula/refs/0 | None | downside_2027q1_gross_earned |
| /operating_model/cells/downside_fy2027_gross_earned:downside/formula/refs/1 | None | downside_2027q2_gross_earned |
| /operating_model/cells/downside_fy2027_gross_earned:downside/formula/refs/2 | None | downside_2027q3_gross_earned |
| /operating_model/cells/downside_fy2027_gross_earned:downside/formula/refs/3 | None | downside_2027q4_gross_earned |
| /operating_model/cells/downside_fy2027_gross_earned:downside/id | None | downside_fy2027_gross_earned |
| /operating_model/cells/downside_fy2027_gross_earned:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_gross_earned:downside/label | None | Gross earned premium ($M) |
| /operating_model/cells/downside_fy2027_gross_earned:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_gross_earned:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_gross_earned:downside/value | None | 1638.0 |
| /operating_model/cells/downside_fy2027_gross_profit:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_gross_profit:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_gross_profit:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/0 | None | downside_2027q1_gross_profit |
| /operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/1 | None | downside_2027q2_gross_profit |
| /operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/2 | None | downside_2027q3_gross_profit |
| /operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/3 | None | downside_2027q4_gross_profit |
| /operating_model/cells/downside_fy2027_gross_profit:downside/id | None | downside_fy2027_gross_profit |
| /operating_model/cells/downside_fy2027_gross_profit:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_gross_profit:downside/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/downside_fy2027_gross_profit:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_gross_profit:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_gross_profit:downside/value | None | 387.5333333333333 |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/formula/refs/0 | None | downside_2027q1_net_growth_financing |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/formula/refs/1 | None | downside_2027q2_net_growth_financing |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/formula/refs/2 | None | downside_2027q3_net_growth_financing |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/formula/refs/3 | None | downside_2027q4_net_growth_financing |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/id | None | downside_fy2027_net_growth_financing |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_net_growth_financing:downside/value | None | -40.0 |
| /operating_model/cells/downside_fy2027_net_premium:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_net_premium:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_net_premium:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_net_premium:downside/formula/refs/0 | None | downside_2027q1_net_premium |
| /operating_model/cells/downside_fy2027_net_premium:downside/formula/refs/1 | None | downside_2027q2_net_premium |
| /operating_model/cells/downside_fy2027_net_premium:downside/formula/refs/2 | None | downside_2027q3_net_premium |
| /operating_model/cells/downside_fy2027_net_premium:downside/formula/refs/3 | None | downside_2027q4_net_premium |
| /operating_model/cells/downside_fy2027_net_premium:downside/id | None | downside_fy2027_net_premium |
| /operating_model/cells/downside_fy2027_net_premium:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_net_premium:downside/label | None | Net earned premium ($M) |
| /operating_model/cells/downside_fy2027_net_premium:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_net_premium:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_net_premium:downside/value | None | 1240.6666666666667 |
| /operating_model/cells/downside_fy2027_pretax:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_pretax:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_pretax:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_pretax:downside/formula/refs/0 | None | downside_2027q1_pretax |
| /operating_model/cells/downside_fy2027_pretax:downside/formula/refs/1 | None | downside_2027q2_pretax |
| /operating_model/cells/downside_fy2027_pretax:downside/formula/refs/2 | None | downside_2027q3_pretax |
| /operating_model/cells/downside_fy2027_pretax:downside/formula/refs/3 | None | downside_2027q4_pretax |
| /operating_model/cells/downside_fy2027_pretax:downside/id | None | downside_fy2027_pretax |
| /operating_model/cells/downside_fy2027_pretax:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_pretax:downside/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/downside_fy2027_pretax:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_pretax:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_pretax:downside/value | None | -374.41316666666665 |
| /operating_model/cells/downside_fy2027_revenue:downside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/downside_fy2027_revenue:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0 | None | downside_2027q1_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1 | None | downside_2027q2_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2 | None | downside_2027q3_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3 | None | downside_2027q4_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/id | None | downside_fy2027_revenue |
| /operating_model/cells/downside_fy2027_revenue:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_revenue:downside/label | None | Total revenue ($M) |
| /operating_model/cells/downside_fy2027_revenue:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_revenue:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_revenue:downside/value | None | 1446.0 |
| /operating_model/cells/fy26_ebitda:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_ebitda:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda:shared/formula/op | None | divide |
| /operating_model/cells/fy26_ebitda:shared/formula/refs/0 | None | fy26_ebitda_sum |
| /operating_model/cells/fy26_ebitda:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_ebitda:shared/id | None | fy26_ebitda |
| /operating_model/cells/fy26_ebitda:shared/kind | None | derived |
| /operating_model/cells/fy26_ebitda:shared/label | None | FY2026 adjusted EBITDA midpoint |
| /operating_model/cells/fy26_ebitda:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda:shared/value | None | -49.0 |
| /operating_model/cells/fy26_ebitda_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_ebitda_high:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_high:shared/id | None | fy26_ebitda_high |
| /operating_model/cells/fy26_ebitda_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_ebitda_high:shared/label | None | FY2026 adjusted EBITDA high |
| /operating_model/cells/fy26_ebitda_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_ebitda_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_ebitda_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_high:shared/value | None | -47.0 |
| /operating_model/cells/fy26_ebitda_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_ebitda_low:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_low:shared/id | None | fy26_ebitda_low |
| /operating_model/cells/fy26_ebitda_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_ebitda_low:shared/label | None | FY2026 adjusted EBITDA low |
| /operating_model/cells/fy26_ebitda_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_ebitda_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_ebitda_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_low:shared/value | None | -51.0 |
| /operating_model/cells/fy26_ebitda_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_ebitda_sum:shared/case | None | shared |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/refs/0 | None | fy26_ebitda_low |
| /operating_model/cells/fy26_ebitda_sum:shared/formula/refs/1 | None | fy26_ebitda_high |
| /operating_model/cells/fy26_ebitda_sum:shared/id | None | fy26_ebitda_sum |
| /operating_model/cells/fy26_ebitda_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_ebitda_sum:shared/label | None | FY2026 adjusted EBITDA endpoint sum |
| /operating_model/cells/fy26_ebitda_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_ebitda_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_ebitda_sum:shared/value | None | -98.0 |
| /operating_model/cells/fy26_gep:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_gep:shared/case | None | shared |
| /operating_model/cells/fy26_gep:shared/formula/op | None | divide |
| /operating_model/cells/fy26_gep:shared/formula/refs/0 | None | fy26_gep_sum |
| /operating_model/cells/fy26_gep:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_gep:shared/id | None | fy26_gep |
| /operating_model/cells/fy26_gep:shared/kind | None | derived |
| /operating_model/cells/fy26_gep:shared/label | None | FY2026 gross earned premium midpoint |
| /operating_model/cells/fy26_gep:shared/period | None | FY2026 |
| /operating_model/cells/fy26_gep:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_gep:shared/value | None | 1376.0 |
| /operating_model/cells/fy26_gep_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_gep_high:shared/case | None | shared |
| /operating_model/cells/fy26_gep_high:shared/id | None | fy26_gep_high |
| /operating_model/cells/fy26_gep_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_gep_high:shared/label | None | FY2026 gross earned premium high |
| /operating_model/cells/fy26_gep_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_gep_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_gep_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_gep_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_gep_high:shared/value | None | 1378.0 |
| /operating_model/cells/fy26_gep_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_gep_low:shared/case | None | shared |
| /operating_model/cells/fy26_gep_low:shared/id | None | fy26_gep_low |
| /operating_model/cells/fy26_gep_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_gep_low:shared/label | None | FY2026 gross earned premium low |
| /operating_model/cells/fy26_gep_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_gep_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_gep_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_gep_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_gep_low:shared/value | None | 1374.0 |
| /operating_model/cells/fy26_gep_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_gep_sum:shared/case | None | shared |
| /operating_model/cells/fy26_gep_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_gep_sum:shared/formula/refs/0 | None | fy26_gep_low |
| /operating_model/cells/fy26_gep_sum:shared/formula/refs/1 | None | fy26_gep_high |
| /operating_model/cells/fy26_gep_sum:shared/id | None | fy26_gep_sum |
| /operating_model/cells/fy26_gep_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_gep_sum:shared/label | None | FY2026 gross earned premium endpoint sum |
| /operating_model/cells/fy26_gep_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_gep_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_gep_sum:shared/value | None | 2752.0 |
| /operating_model/cells/fy26_revenue:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/fy26_revenue:shared/case | None | shared |
| /operating_model/cells/fy26_revenue:shared/formula/op | None | divide |
| /operating_model/cells/fy26_revenue:shared/formula/refs/0 | None | fy26_revenue_sum |
| /operating_model/cells/fy26_revenue:shared/formula/refs/1 | None | two |
| /operating_model/cells/fy26_revenue:shared/id | None | fy26_revenue |
| /operating_model/cells/fy26_revenue:shared/kind | None | derived |
| /operating_model/cells/fy26_revenue:shared/label | None | FY2026 revenue midpoint |
| /operating_model/cells/fy26_revenue:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue:shared/value | None | 1217.0 |
| /operating_model/cells/fy26_revenue_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_revenue_high:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_high:shared/id | None | fy26_revenue_high |
| /operating_model/cells/fy26_revenue_high:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_revenue_high:shared/label | None | FY2026 revenue high |
| /operating_model/cells/fy26_revenue_high:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_revenue_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_revenue_high:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_high:shared/value | None | 1220.0 |
| /operating_model/cells/fy26_revenue_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/fy26_revenue_low:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_low:shared/id | None | fy26_revenue_low |
| /operating_model/cells/fy26_revenue_low:shared/kind | None | management_guidance |
| /operating_model/cells/fy26_revenue_low:shared/label | None | FY2026 revenue low |
| /operating_model/cells/fy26_revenue_low:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/fy26_revenue_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/fy26_revenue_low:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_low:shared/value | None | 1214.0 |
| /operating_model/cells/fy26_revenue_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/fy26_revenue_sum:shared/case | None | shared |
| /operating_model/cells/fy26_revenue_sum:shared/formula/op | None | sum |
| /operating_model/cells/fy26_revenue_sum:shared/formula/refs/0 | None | fy26_revenue_low |
| /operating_model/cells/fy26_revenue_sum:shared/formula/refs/1 | None | fy26_revenue_high |
| /operating_model/cells/fy26_revenue_sum:shared/id | None | fy26_revenue_sum |
| /operating_model/cells/fy26_revenue_sum:shared/kind | None | derived |
| /operating_model/cells/fy26_revenue_sum:shared/label | None | FY2026 revenue endpoint sum |
| /operating_model/cells/fy26_revenue_sum:shared/period | None | FY2026 |
| /operating_model/cells/fy26_revenue_sum:shared/unit | None | USD_millions |
| /operating_model/cells/fy26_revenue_sum:shared/value | None | 2434.0 |
| /operating_model/cells/gc_opening:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/gc_opening:shared/case | None | shared |
| /operating_model/cells/gc_opening:shared/id | None | gc_opening |
| /operating_model/cells/gc_opening:shared/kind | None | reported |
| /operating_model/cells/gc_opening:shared/label | None | gc opening |
| /operating_model/cells/gc_opening:shared/period | None | June 2026 |
| /operating_model/cells/gc_opening:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/gc_opening:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/gc_opening:shared/unit | None | USD_millions |
| /operating_model/cells/gc_opening:shared/value | None | 206.4 |
| /operating_model/cells/h1_adj_ebitda:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_adj_ebitda:shared/case | None | shared |
| /operating_model/cells/h1_adj_ebitda:shared/id | None | h1_adj_ebitda |
| /operating_model/cells/h1_adj_ebitda:shared/kind | None | reported |
| /operating_model/cells/h1_adj_ebitda:shared/label | None | H1 adj ebitda |
| /operating_model/cells/h1_adj_ebitda:shared/period | None | H1 2026 |
| /operating_model/cells/h1_adj_ebitda:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/h1_adj_ebitda:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/h1_adj_ebitda:shared/unit | None | USD_millions |
| /operating_model/cells/h1_adj_ebitda:shared/value | None | -35.8 |
| /operating_model/cells/h1_advances:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_advances:shared/case | None | shared |
| /operating_model/cells/h1_advances:shared/id | None | h1_advances |
| /operating_model/cells/h1_advances:shared/kind | None | reported |
| /operating_model/cells/h1_advances:shared/label | None | H1 advances |
| /operating_model/cells/h1_advances:shared/period | None | H1 2026 |
| /operating_model/cells/h1_advances:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_advances:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_advances:shared/unit | None | USD_millions |
| /operating_model/cells/h1_advances:shared/value | None | 89.9 |
| /operating_model/cells/h1_capex:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_capex:shared/case | None | shared |
| /operating_model/cells/h1_capex:shared/id | None | h1_capex |
| /operating_model/cells/h1_capex:shared/kind | None | reported |
| /operating_model/cells/h1_capex:shared/label | None | H1 capex |
| /operating_model/cells/h1_capex:shared/period | None | H1 2026 |
| /operating_model/cells/h1_capex:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_capex:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_capex:shared/unit | None | USD_millions |
| /operating_model/cells/h1_capex:shared/value | None | 8.1 |
| /operating_model/cells/h1_cash_after_financing:shared/basis | None | Reconciles to company adjusted FCF while displaying financing separately. |
| /operating_model/cells/h1_cash_after_financing:shared/case | None | shared |
| /operating_model/cells/h1_cash_after_financing:shared/formula/op | None | sum |
| /operating_model/cells/h1_cash_after_financing:shared/formula/refs/0 | None | h1_fcf |
| /operating_model/cells/h1_cash_after_financing:shared/formula/refs/1 | None | h1_net_growth_financing |
| /operating_model/cells/h1_cash_after_financing:shared/id | None | h1_cash_after_financing |
| /operating_model/cells/h1_cash_after_financing:shared/kind | None | derived |
| /operating_model/cells/h1_cash_after_financing:shared/label | None | H1 cash after net growth borrowing |
| /operating_model/cells/h1_cash_after_financing:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cash_after_financing:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cash_after_financing:shared/value | None | 36.2 |
| /operating_model/cells/h1_cfo:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_cfo:shared/case | None | shared |
| /operating_model/cells/h1_cfo:shared/id | None | h1_cfo |
| /operating_model/cells/h1_cfo:shared/kind | None | reported |
| /operating_model/cells/h1_cfo:shared/label | None | H1 cfo |
| /operating_model/cells/h1_cfo:shared/period | None | H1 2026 |
| /operating_model/cells/h1_cfo:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_cfo:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_cfo:shared/unit | None | USD_millions |
| /operating_model/cells/h1_cfo:shared/value | None | -4.0 |
| /operating_model/cells/h1_claim_recovery:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_claim_recovery:shared/case | None | shared |
| /operating_model/cells/h1_claim_recovery:shared/id | None | h1_claim_recovery |
| /operating_model/cells/h1_claim_recovery:shared/kind | None | reported |
| /operating_model/cells/h1_claim_recovery:shared/label | None | H1 claim recovery |
| /operating_model/cells/h1_claim_recovery:shared/period | None | H1 2026 |
| /operating_model/cells/h1_claim_recovery:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/h1_claim_recovery:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/h1_claim_recovery:shared/unit | None | USD_millions |
| /operating_model/cells/h1_claim_recovery:shared/value | None | 1.7 |
| /operating_model/cells/h1_claims:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_claims:shared/case | None | shared |
| /operating_model/cells/h1_claims:shared/id | None | h1_claims |
| /operating_model/cells/h1_claims:shared/kind | None | reported |
| /operating_model/cells/h1_claims:shared/label | None | H1 claims |
| /operating_model/cells/h1_claims:shared/period | None | H1 2026 |
| /operating_model/cells/h1_claims:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_claims:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_claims:shared/unit | None | USD_millions |
| /operating_model/cells/h1_claims:shared/value | None | 287.3 |
| /operating_model/cells/h1_da:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_da:shared/case | None | shared |
| /operating_model/cells/h1_da:shared/id | None | h1_da |
| /operating_model/cells/h1_da:shared/kind | None | reported |
| /operating_model/cells/h1_da:shared/label | None | H1 da |
| /operating_model/cells/h1_da:shared/period | None | H1 2026 |
| /operating_model/cells/h1_da:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_da:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_da:shared/unit | None | USD_millions |
| /operating_model/cells/h1_da:shared/value | None | 5.1 |
| /operating_model/cells/h1_ebitda_add:shared/basis | None | Growth-financing interest is already in GAAP G&A. |
| /operating_model/cells/h1_ebitda_add:shared/case | None | shared |
| /operating_model/cells/h1_ebitda_add:shared/formula/op | None | sum |
| /operating_model/cells/h1_ebitda_add:shared/formula/refs/0 | None | h1_net_income |
| /operating_model/cells/h1_ebitda_add:shared/formula/refs/1 | None | h1_taxes |
| /operating_model/cells/h1_ebitda_add:shared/formula/refs/2 | None | h1_da |
| /operating_model/cells/h1_ebitda_add:shared/formula/refs/3 | None | h1_sbc |
| /operating_model/cells/h1_ebitda_add:shared/formula/refs/4 | None | h1_finance_interest |
| /operating_model/cells/h1_ebitda_add:shared/id | None | h1_ebitda_add |
| /operating_model/cells/h1_ebitda_add:shared/kind | None | derived |
| /operating_model/cells/h1_ebitda_add:shared/label | None | H1 EBITDA addbacks |
| /operating_model/cells/h1_ebitda_add:shared/period | None | H1 2026 |
| /operating_model/cells/h1_ebitda_add:shared/unit | None | USD_millions |
| /operating_model/cells/h1_ebitda_add:shared/value | None | -12.40000000000001 |
| /operating_model/cells/h1_ebitda_bridge:shared/basis | None | Matches company reconciliation rather than treating EBITDA as GAAP operating income. |
| /operating_model/cells/h1_ebitda_bridge:shared/case | None | shared |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/op | None | subtract |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/0 | None | h1_ebitda_add |
| /operating_model/cells/h1_ebitda_bridge:shared/formula/refs/1 | None | h1_ebitda_remove |
| /operating_model/cells/h1_ebitda_bridge:shared/id | None | h1_ebitda_bridge |
| /operating_model/cells/h1_ebitda_bridge:shared/kind | None | derived |
| /operating_model/cells/h1_ebitda_bridge:shared/label | None | H1 adjusted EBITDA reconstruction |
| /operating_model/cells/h1_ebitda_bridge:shared/period | None | H1 2026 |
| /operating_model/cells/h1_ebitda_bridge:shared/unit | None | USD_millions |
| /operating_model/cells/h1_ebitda_bridge:shared/value | None | -35.80000000000001 |
| /operating_model/cells/h1_ebitda_remove:shared/basis | None | Nonoperating investment income and nonrecurring benefit exclusions. |
| /operating_model/cells/h1_ebitda_remove:shared/case | None | shared |
| /operating_model/cells/h1_ebitda_remove:shared/formula/op | None | sum |
| /operating_model/cells/h1_ebitda_remove:shared/formula/refs/0 | None | h1_investment_income |
| /operating_model/cells/h1_ebitda_remove:shared/formula/refs/1 | None | h1_other_interest |
| /operating_model/cells/h1_ebitda_remove:shared/formula/refs/2 | None | h1_metromile_amort_benefit |
| /operating_model/cells/h1_ebitda_remove:shared/formula/refs/3 | None | h1_claim_recovery |
| /operating_model/cells/h1_ebitda_remove:shared/id | None | h1_ebitda_remove |
| /operating_model/cells/h1_ebitda_remove:shared/kind | None | derived |
| /operating_model/cells/h1_ebitda_remove:shared/label | None | H1 excluded income and benefits |
| /operating_model/cells/h1_ebitda_remove:shared/period | None | H1 2026 |
| /operating_model/cells/h1_ebitda_remove:shared/unit | None | USD_millions |
| /operating_model/cells/h1_ebitda_remove:shared/value | None | 23.400000000000002 |
| /operating_model/cells/h1_fcf:shared/basis | None | No growth financing added to operating cash. |
| /operating_model/cells/h1_fcf:shared/case | None | shared |
| /operating_model/cells/h1_fcf:shared/formula/op | None | subtract |
| /operating_model/cells/h1_fcf:shared/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/h1_fcf:shared/formula/refs/1 | None | h1_capex |
| /operating_model/cells/h1_fcf:shared/id | None | h1_fcf |
| /operating_model/cells/h1_fcf:shared/kind | None | derived |
| /operating_model/cells/h1_fcf:shared/label | None | H1 unfinanced FCF |
| /operating_model/cells/h1_fcf:shared/period | None | H1 2026 |
| /operating_model/cells/h1_fcf:shared/unit | None | USD_millions |
| /operating_model/cells/h1_fcf:shared/value | None | -12.1 |
| /operating_model/cells/h1_finance_interest:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_finance_interest:shared/case | None | shared |
| /operating_model/cells/h1_finance_interest:shared/id | None | h1_finance_interest |
| /operating_model/cells/h1_finance_interest:shared/kind | None | reported |
| /operating_model/cells/h1_finance_interest:shared/label | None | H1 finance interest |
| /operating_model/cells/h1_finance_interest:shared/period | None | H1 2026 |
| /operating_model/cells/h1_finance_interest:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_finance_interest:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_finance_interest:shared/unit | None | USD_millions |
| /operating_model/cells/h1_finance_interest:shared/value | None | 13.2 |
| /operating_model/cells/h1_gross_earned:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_gross_earned:shared/case | None | shared |
| /operating_model/cells/h1_gross_earned:shared/id | None | h1_gross_earned |
| /operating_model/cells/h1_gross_earned:shared/kind | None | reported |
| /operating_model/cells/h1_gross_earned:shared/label | None | H1 gross earned |
| /operating_model/cells/h1_gross_earned:shared/period | None | H1 2026 |
| /operating_model/cells/h1_gross_earned:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_gross_earned:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_gross_earned:shared/unit | None | USD_millions |
| /operating_model/cells/h1_gross_earned:shared/value | None | 638.6 |
| /operating_model/cells/h1_gross_profit:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_gross_profit:shared/case | None | shared |
| /operating_model/cells/h1_gross_profit:shared/id | None | h1_gross_profit |
| /operating_model/cells/h1_gross_profit:shared/kind | None | reported |
| /operating_model/cells/h1_gross_profit:shared/label | None | H1 gross profit |
| /operating_model/cells/h1_gross_profit:shared/period | None | H1 2026 |
| /operating_model/cells/h1_gross_profit:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/h1_gross_profit:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/h1_gross_profit:shared/unit | None | USD_millions |
| /operating_model/cells/h1_gross_profit:shared/value | None | 213.3 |
| /operating_model/cells/h1_investment_income:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_investment_income:shared/case | None | shared |
| /operating_model/cells/h1_investment_income:shared/id | None | h1_investment_income |
| /operating_model/cells/h1_investment_income:shared/kind | None | reported |
| /operating_model/cells/h1_investment_income:shared/label | None | H1 investment income |
| /operating_model/cells/h1_investment_income:shared/period | None | H1 2026 |
| /operating_model/cells/h1_investment_income:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_investment_income:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_investment_income:shared/unit | None | USD_millions |
| /operating_model/cells/h1_investment_income:shared/value | None | 19.5 |
| /operating_model/cells/h1_metromile_amort_benefit:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_metromile_amort_benefit:shared/case | None | shared |
| /operating_model/cells/h1_metromile_amort_benefit:shared/id | None | h1_metromile_amort_benefit |
| /operating_model/cells/h1_metromile_amort_benefit:shared/kind | None | reported |
| /operating_model/cells/h1_metromile_amort_benefit:shared/label | None | H1 metromile amort benefit |
| /operating_model/cells/h1_metromile_amort_benefit:shared/period | None | H1 2026 |
| /operating_model/cells/h1_metromile_amort_benefit:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/h1_metromile_amort_benefit:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/h1_metromile_amort_benefit:shared/unit | None | USD_millions |
| /operating_model/cells/h1_metromile_amort_benefit:shared/value | None | 0.1 |
| /operating_model/cells/h1_net_growth_financing:shared/basis | None | Financing cash, not income. |
| /operating_model/cells/h1_net_growth_financing:shared/case | None | shared |
| /operating_model/cells/h1_net_growth_financing:shared/formula/op | None | subtract |
| /operating_model/cells/h1_net_growth_financing:shared/formula/refs/0 | None | h1_advances |
| /operating_model/cells/h1_net_growth_financing:shared/formula/refs/1 | None | h1_principal |
| /operating_model/cells/h1_net_growth_financing:shared/id | None | h1_net_growth_financing |
| /operating_model/cells/h1_net_growth_financing:shared/kind | None | derived |
| /operating_model/cells/h1_net_growth_financing:shared/label | None | H1 net growth borrowing |
| /operating_model/cells/h1_net_growth_financing:shared/period | None | H1 2026 |
| /operating_model/cells/h1_net_growth_financing:shared/unit | None | USD_millions |
| /operating_model/cells/h1_net_growth_financing:shared/value | None | 48.300000000000004 |
| /operating_model/cells/h1_net_income:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_net_income:shared/case | None | shared |
| /operating_model/cells/h1_net_income:shared/id | None | h1_net_income |
| /operating_model/cells/h1_net_income:shared/kind | None | reported |
| /operating_model/cells/h1_net_income:shared/label | None | H1 net income |
| /operating_model/cells/h1_net_income:shared/period | None | H1 2026 |
| /operating_model/cells/h1_net_income:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_net_income:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_net_income:shared/unit | None | USD_millions |
| /operating_model/cells/h1_net_income:shared/value | None | -79.2 |
| /operating_model/cells/h1_net_premium:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_net_premium:shared/case | None | shared |
| /operating_model/cells/h1_net_premium:shared/id | None | h1_net_premium |
| /operating_model/cells/h1_net_premium:shared/kind | None | reported |
| /operating_model/cells/h1_net_premium:shared/label | None | H1 net premium |
| /operating_model/cells/h1_net_premium:shared/period | None | H1 2026 |
| /operating_model/cells/h1_net_premium:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_net_premium:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_net_premium:shared/unit | None | USD_millions |
| /operating_model/cells/h1_net_premium:shared/value | None | 464.6 |
| /operating_model/cells/h1_other_interest:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_other_interest:shared/case | None | shared |
| /operating_model/cells/h1_other_interest:shared/id | None | h1_other_interest |
| /operating_model/cells/h1_other_interest:shared/kind | None | reported |
| /operating_model/cells/h1_other_interest:shared/label | None | H1 other interest |
| /operating_model/cells/h1_other_interest:shared/period | None | H1 2026 |
| /operating_model/cells/h1_other_interest:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/h1_other_interest:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/h1_other_interest:shared/unit | None | USD_millions |
| /operating_model/cells/h1_other_interest:shared/value | None | 2.1 |
| /operating_model/cells/h1_pretax:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_pretax:shared/case | None | shared |
| /operating_model/cells/h1_pretax:shared/id | None | h1_pretax |
| /operating_model/cells/h1_pretax:shared/kind | None | reported |
| /operating_model/cells/h1_pretax:shared/label | None | H1 pretax |
| /operating_model/cells/h1_pretax:shared/period | None | H1 2026 |
| /operating_model/cells/h1_pretax:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_pretax:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_pretax:shared/unit | None | USD_millions |
| /operating_model/cells/h1_pretax:shared/value | None | -76.4 |
| /operating_model/cells/h1_principal:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_principal:shared/case | None | shared |
| /operating_model/cells/h1_principal:shared/id | None | h1_principal |
| /operating_model/cells/h1_principal:shared/kind | None | reported |
| /operating_model/cells/h1_principal:shared/label | None | H1 principal |
| /operating_model/cells/h1_principal:shared/period | None | H1 2026 |
| /operating_model/cells/h1_principal:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_principal:shared/unit | None | USD_millions |
| /operating_model/cells/h1_principal:shared/value | None | 41.6 |
| /operating_model/cells/h1_revenue:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_revenue:shared/case | None | shared |
| /operating_model/cells/h1_revenue:shared/id | None | h1_revenue |
| /operating_model/cells/h1_revenue:shared/kind | None | reported |
| /operating_model/cells/h1_revenue:shared/label | None | H1 revenue |
| /operating_model/cells/h1_revenue:shared/period | None | H1 2026 |
| /operating_model/cells/h1_revenue:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_revenue:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_revenue:shared/unit | None | USD_millions |
| /operating_model/cells/h1_revenue:shared/value | None | 552.4 |
| /operating_model/cells/h1_sbc:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_sbc:shared/case | None | shared |
| /operating_model/cells/h1_sbc:shared/id | None | h1_sbc |
| /operating_model/cells/h1_sbc:shared/kind | None | reported |
| /operating_model/cells/h1_sbc:shared/label | None | H1 sbc |
| /operating_model/cells/h1_sbc:shared/period | None | H1 2026 |
| /operating_model/cells/h1_sbc:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_sbc:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_sbc:shared/unit | None | USD_millions |
| /operating_model/cells/h1_sbc:shared/value | None | 45.7 |
| /operating_model/cells/h1_taxes:shared/basis | None | Reported consolidated amount, converted from thousands to millions. |
| /operating_model/cells/h1_taxes:shared/case | None | shared |
| /operating_model/cells/h1_taxes:shared/id | None | h1_taxes |
| /operating_model/cells/h1_taxes:shared/kind | None | reported |
| /operating_model/cells/h1_taxes:shared/label | None | H1 taxes |
| /operating_model/cells/h1_taxes:shared/period | None | H1 2026 |
| /operating_model/cells/h1_taxes:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/h1_taxes:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/h1_taxes:shared/unit | None | USD_millions |
| /operating_model/cells/h1_taxes:shared/value | None | 2.8 |
| /operating_model/cells/hannover_2027_cap:shared/basis | None | Contractual maximum outstanding amount during 2027; the $250M limit applies in 2028. |
| /operating_model/cells/hannover_2027_cap:shared/case | None | shared |
| /operating_model/cells/hannover_2027_cap:shared/id | None | hannover_2027_cap |
| /operating_model/cells/hannover_2027_cap:shared/kind | None | reported |
| /operating_model/cells/hannover_2027_cap:shared/label | None | Hannover outstanding borrowing cap |
| /operating_model/cells/hannover_2027_cap:shared/period | None | FY2027 |
| /operating_model/cells/hannover_2027_cap:shared/source_date | None | 2026-06-24 |
| /operating_model/cells/hannover_2027_cap:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000041/lmnd-20260622.htm |
| /operating_model/cells/hannover_2027_cap:shared/unit | None | USD_millions |
| /operating_model/cells/hannover_2027_cap:shared/value | None | 150.0 |
| /operating_model/cells/hannover_opening:shared/basis | None | Facility begins new growth funding January 2027; existing June borrowings are General Catalyst. |
| /operating_model/cells/hannover_opening:shared/case | None | shared |
| /operating_model/cells/hannover_opening:shared/id | None | hannover_opening |
| /operating_model/cells/hannover_opening:shared/kind | None | assumption |
| /operating_model/cells/hannover_opening:shared/label | None | Opening Hannover borrowing |
| /operating_model/cells/hannover_opening:shared/period | None | June 2026 |
| /operating_model/cells/hannover_opening:shared/unit | None | USD_millions |
| /operating_model/cells/hannover_opening:shared/value | None | 0.0 |
| /operating_model/cells/ifp:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/ifp:shared/case | None | shared |
| /operating_model/cells/ifp:shared/id | None | ifp |
| /operating_model/cells/ifp:shared/kind | None | reported |
| /operating_model/cells/ifp:shared/label | None | ifp |
| /operating_model/cells/ifp:shared/period | None | June 2026 |
| /operating_model/cells/ifp:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/ifp:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/ifp:shared/unit | None | USD_millions |
| /operating_model/cells/ifp:shared/value | None | 1434.3 |
| /operating_model/cells/investments:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/investments:shared/case | None | shared |
| /operating_model/cells/investments:shared/id | None | investments |
| /operating_model/cells/investments:shared/kind | None | reported |
| /operating_model/cells/investments:shared/label | None | investments |
| /operating_model/cells/investments:shared/period | None | June 2026 |
| /operating_model/cells/investments:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/investments:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/investments:shared/unit | None | USD_millions |
| /operating_model/cells/investments:shared/value | None | 777.7 |
| /operating_model/cells/q3_ebitda:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/q3_ebitda:shared/case | None | shared |
| /operating_model/cells/q3_ebitda:shared/formula/op | None | divide |
| /operating_model/cells/q3_ebitda:shared/formula/refs/0 | None | q3_ebitda_sum |
| /operating_model/cells/q3_ebitda:shared/formula/refs/1 | None | two |
| /operating_model/cells/q3_ebitda:shared/id | None | q3_ebitda |
| /operating_model/cells/q3_ebitda:shared/kind | None | derived |
| /operating_model/cells/q3_ebitda:shared/label | None | Q3 adjusted EBITDA midpoint |
| /operating_model/cells/q3_ebitda:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_ebitda:shared/unit | None | USD_millions |
| /operating_model/cells/q3_ebitda:shared/value | None | -21.5 |
| /operating_model/cells/q3_ebitda_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_ebitda_high:shared/case | None | shared |
| /operating_model/cells/q3_ebitda_high:shared/id | None | q3_ebitda_high |
| /operating_model/cells/q3_ebitda_high:shared/kind | None | management_guidance |
| /operating_model/cells/q3_ebitda_high:shared/label | None | Q3 adjusted EBITDA high |
| /operating_model/cells/q3_ebitda_high:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_ebitda_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_ebitda_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_ebitda_high:shared/unit | None | USD_millions |
| /operating_model/cells/q3_ebitda_high:shared/value | None | -20.0 |
| /operating_model/cells/q3_ebitda_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_ebitda_low:shared/case | None | shared |
| /operating_model/cells/q3_ebitda_low:shared/id | None | q3_ebitda_low |
| /operating_model/cells/q3_ebitda_low:shared/kind | None | management_guidance |
| /operating_model/cells/q3_ebitda_low:shared/label | None | Q3 adjusted EBITDA low |
| /operating_model/cells/q3_ebitda_low:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_ebitda_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_ebitda_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_ebitda_low:shared/unit | None | USD_millions |
| /operating_model/cells/q3_ebitda_low:shared/value | None | -23.0 |
| /operating_model/cells/q3_ebitda_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/q3_ebitda_sum:shared/case | None | shared |
| /operating_model/cells/q3_ebitda_sum:shared/formula/op | None | sum |
| /operating_model/cells/q3_ebitda_sum:shared/formula/refs/0 | None | q3_ebitda_low |
| /operating_model/cells/q3_ebitda_sum:shared/formula/refs/1 | None | q3_ebitda_high |
| /operating_model/cells/q3_ebitda_sum:shared/id | None | q3_ebitda_sum |
| /operating_model/cells/q3_ebitda_sum:shared/kind | None | derived |
| /operating_model/cells/q3_ebitda_sum:shared/label | None | Q3 adjusted EBITDA endpoint sum |
| /operating_model/cells/q3_ebitda_sum:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_ebitda_sum:shared/unit | None | USD_millions |
| /operating_model/cells/q3_ebitda_sum:shared/value | None | -43.0 |
| /operating_model/cells/q3_gep:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/q3_gep:shared/case | None | shared |
| /operating_model/cells/q3_gep:shared/formula/op | None | divide |
| /operating_model/cells/q3_gep:shared/formula/refs/0 | None | q3_gep_sum |
| /operating_model/cells/q3_gep:shared/formula/refs/1 | None | two |
| /operating_model/cells/q3_gep:shared/id | None | q3_gep |
| /operating_model/cells/q3_gep:shared/kind | None | derived |
| /operating_model/cells/q3_gep:shared/label | None | Q3 gross earned premium midpoint |
| /operating_model/cells/q3_gep:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_gep:shared/unit | None | USD_millions |
| /operating_model/cells/q3_gep:shared/value | None | 357.5 |
| /operating_model/cells/q3_gep_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_gep_high:shared/case | None | shared |
| /operating_model/cells/q3_gep_high:shared/id | None | q3_gep_high |
| /operating_model/cells/q3_gep_high:shared/kind | None | management_guidance |
| /operating_model/cells/q3_gep_high:shared/label | None | Q3 gross earned premium high |
| /operating_model/cells/q3_gep_high:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_gep_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_gep_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_gep_high:shared/unit | None | USD_millions |
| /operating_model/cells/q3_gep_high:shared/value | None | 359.0 |
| /operating_model/cells/q3_gep_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_gep_low:shared/case | None | shared |
| /operating_model/cells/q3_gep_low:shared/id | None | q3_gep_low |
| /operating_model/cells/q3_gep_low:shared/kind | None | management_guidance |
| /operating_model/cells/q3_gep_low:shared/label | None | Q3 gross earned premium low |
| /operating_model/cells/q3_gep_low:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_gep_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_gep_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_gep_low:shared/unit | None | USD_millions |
| /operating_model/cells/q3_gep_low:shared/value | None | 356.0 |
| /operating_model/cells/q3_gep_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/q3_gep_sum:shared/case | None | shared |
| /operating_model/cells/q3_gep_sum:shared/formula/op | None | sum |
| /operating_model/cells/q3_gep_sum:shared/formula/refs/0 | None | q3_gep_low |
| /operating_model/cells/q3_gep_sum:shared/formula/refs/1 | None | q3_gep_high |
| /operating_model/cells/q3_gep_sum:shared/id | None | q3_gep_sum |
| /operating_model/cells/q3_gep_sum:shared/kind | None | derived |
| /operating_model/cells/q3_gep_sum:shared/label | None | Q3 gross earned premium endpoint sum |
| /operating_model/cells/q3_gep_sum:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_gep_sum:shared/unit | None | USD_millions |
| /operating_model/cells/q3_gep_sum:shared/value | None | 715.0 |
| /operating_model/cells/q3_revenue:shared/basis | None | Calculated midpoint of the company range; not an additional company forecast. |
| /operating_model/cells/q3_revenue:shared/case | None | shared |
| /operating_model/cells/q3_revenue:shared/formula/op | None | divide |
| /operating_model/cells/q3_revenue:shared/formula/refs/0 | None | q3_revenue_sum |
| /operating_model/cells/q3_revenue:shared/formula/refs/1 | None | two |
| /operating_model/cells/q3_revenue:shared/id | None | q3_revenue |
| /operating_model/cells/q3_revenue:shared/kind | None | derived |
| /operating_model/cells/q3_revenue:shared/label | None | Q3 revenue midpoint |
| /operating_model/cells/q3_revenue:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_revenue:shared/unit | None | USD_millions |
| /operating_model/cells/q3_revenue:shared/value | None | 324.5 |
| /operating_model/cells/q3_revenue_high:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_revenue_high:shared/case | None | shared |
| /operating_model/cells/q3_revenue_high:shared/id | None | q3_revenue_high |
| /operating_model/cells/q3_revenue_high:shared/kind | None | management_guidance |
| /operating_model/cells/q3_revenue_high:shared/label | None | Q3 revenue high |
| /operating_model/cells/q3_revenue_high:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_revenue_high:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_revenue_high:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_revenue_high:shared/unit | None | USD_millions |
| /operating_model/cells/q3_revenue_high:shared/value | None | 326.0 |
| /operating_model/cells/q3_revenue_low:shared/basis | None | Company guidance; not a desk forecast. |
| /operating_model/cells/q3_revenue_low:shared/case | None | shared |
| /operating_model/cells/q3_revenue_low:shared/id | None | q3_revenue_low |
| /operating_model/cells/q3_revenue_low:shared/kind | None | management_guidance |
| /operating_model/cells/q3_revenue_low:shared/label | None | Q3 revenue low |
| /operating_model/cells/q3_revenue_low:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_revenue_low:shared/source_date | None | 2026-07-29 |
| /operating_model/cells/q3_revenue_low:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /operating_model/cells/q3_revenue_low:shared/unit | None | USD_millions |
| /operating_model/cells/q3_revenue_low:shared/value | None | 323.0 |
| /operating_model/cells/q3_revenue_sum:shared/basis | None | Arithmetic intermediate. |
| /operating_model/cells/q3_revenue_sum:shared/case | None | shared |
| /operating_model/cells/q3_revenue_sum:shared/formula/op | None | sum |
| /operating_model/cells/q3_revenue_sum:shared/formula/refs/0 | None | q3_revenue_low |
| /operating_model/cells/q3_revenue_sum:shared/formula/refs/1 | None | q3_revenue_high |
| /operating_model/cells/q3_revenue_sum:shared/id | None | q3_revenue_sum |
| /operating_model/cells/q3_revenue_sum:shared/kind | None | derived |
| /operating_model/cells/q3_revenue_sum:shared/label | None | Q3 revenue endpoint sum |
| /operating_model/cells/q3_revenue_sum:shared/period | None | 2026Q3 |
| /operating_model/cells/q3_revenue_sum:shared/unit | None | USD_millions |
| /operating_model/cells/q3_revenue_sum:shared/value | None | 649.0 |
| /operating_model/cells/required_surplus:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/required_surplus:shared/case | None | shared |
| /operating_model/cells/required_surplus:shared/id | None | required_surplus |
| /operating_model/cells/required_surplus:shared/kind | None | reported |
| /operating_model/cells/required_surplus:shared/label | None | required surplus |
| /operating_model/cells/required_surplus:shared/period | None | June 2026 |
| /operating_model/cells/required_surplus:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/required_surplus:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/required_surplus:shared/unit | None | USD_millions |
| /operating_model/cells/required_surplus:shared/value | None | 330.0 |
| /operating_model/cells/restricted_cash:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/restricted_cash:shared/case | None | shared |
| /operating_model/cells/restricted_cash:shared/id | None | restricted_cash |
| /operating_model/cells/restricted_cash:shared/kind | None | reported |
| /operating_model/cells/restricted_cash:shared/label | None | restricted cash |
| /operating_model/cells/restricted_cash:shared/period | None | June 2026 |
| /operating_model/cells/restricted_cash:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/restricted_cash:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/restricted_cash:shared/unit | None | USD_millions |
| /operating_model/cells/restricted_cash:shared/value | None | 12.7 |
| /operating_model/cells/two:shared/basis | None | Arithmetic constant. |
| /operating_model/cells/two:shared/case | None | shared |
| /operating_model/cells/two:shared/id | None | two |
| /operating_model/cells/two:shared/kind | None | assumption |
| /operating_model/cells/two:shared/label | None | Midpoint divisor |
| /operating_model/cells/two:shared/period | None | Model |
| /operating_model/cells/two:shared/unit | None | ratio |
| /operating_model/cells/two:shared/value | None | 2.0 |
| /operating_model/cells/unearned_premium:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/unearned_premium:shared/case | None | shared |
| /operating_model/cells/unearned_premium:shared/id | None | unearned_premium |
| /operating_model/cells/unearned_premium:shared/kind | None | reported |
| /operating_model/cells/unearned_premium:shared/label | None | unearned premium |
| /operating_model/cells/unearned_premium:shared/period | None | June 2026 |
| /operating_model/cells/unearned_premium:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/unearned_premium:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/unearned_premium:shared/unit | None | USD_millions |
| /operating_model/cells/unearned_premium:shared/value | None | 661.7 |
| /operating_model/cells/unpaid_claims:shared/basis | None | USD millions; required surplus is approximately reported. IFP is an annualized period-end operating stock, not quarterly revenue. |
| /operating_model/cells/unpaid_claims:shared/case | None | shared |
| /operating_model/cells/unpaid_claims:shared/id | None | unpaid_claims |
| /operating_model/cells/unpaid_claims:shared/kind | None | reported |
| /operating_model/cells/unpaid_claims:shared/label | None | unpaid claims |
| /operating_model/cells/unpaid_claims:shared/period | None | June 2026 |
| /operating_model/cells/unpaid_claims:shared/source_date | None | 2026-08-04 |
| /operating_model/cells/unpaid_claims:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /operating_model/cells/unpaid_claims:shared/unit | None | USD_millions |
| /operating_model/cells/unpaid_claims:shared/value | None | 307.5 |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/0 | None | upside_2026q3_ebitda_add |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/1 | None | upside_2026q3_ebitda_income_remove |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/id | None | upside_2026q3_adj_ebitda |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_adj_ebitda:upside/value | None | -18.186666666666675 |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/id | None | upside_2026q3_attritional_loss |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_attritional_loss:upside/value | None | 0.57 |
| /operating_model/cells/upside_2026q3_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_bad_debt:upside/id | None | upside_2026q3_bad_debt |
| /operating_model/cells/upside_2026q3_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2026q3_bad_debt:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_bad_debt:upside/value | None | 6.5 |
| /operating_model/cells/upside_2026q3_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_capex:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_capex:upside/id | None | upside_2026q3_capex |
| /operating_model/cells/upside_2026q3_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2026q3_capex:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_capex:upside/value | None | 5.0 |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/formula/refs/0 | None | upside_2026q3_fcf |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/formula/refs/1 | None | upside_2026q3_net_growth_financing |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/id | None | upside_2026q3_cash_after_financing |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_after_financing:upside/value | None | 15.957333333333327 |
| /operating_model/cells/upside_2026q3_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_tax:upside/id | None | upside_2026q3_cash_tax |
| /operating_model/cells/upside_2026q3_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2026q3_cash_tax:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_tax:upside/value | None | 1.5 |
| /operating_model/cells/upside_2026q3_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cat_loss:upside/id | None | upside_2026q3_cat_loss |
| /operating_model/cells/upside_2026q3_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2026q3_cat_loss:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_cat_loss:upside/value | None | 0.02 |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/formula/refs/0 | None | upside_2026q3_gross_earned |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/formula/refs/1 | None | upside_2026q3_net_premium |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/id | None | upside_2026q3_ceded_premium |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ceded_premium:upside/value | None | 70.66666666666669 |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/formula/refs/0 | None | upside_2026q3_ceded_premium |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/formula/refs/1 | None | upside_2026q3_commission_rate |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/id | None | upside_2026q3_ceding_commission |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ceding_commission:upside/value | None | 17.66666666666667 |
| /operating_model/cells/upside_2026q3_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2026q3_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/0 | None | upside_2026q3_net_income |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/1 | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/2 | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/3 | None | upside_2026q3_bad_debt |
| /operating_model/cells/upside_2026q3_cfo:upside/formula/refs/4 | None | upside_2026q3_insurance_wc |
| /operating_model/cells/upside_2026q3_cfo:upside/id | None | upside_2026q3_cfo |
| /operating_model/cells/upside_2026q3_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2026q3_cfo:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cfo:upside/value | None | -9.042666666666673 |
| /operating_model/cells/upside_2026q3_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2026q3_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_claims:upside/formula/refs/0 | None | upside_2026q3_net_premium |
| /operating_model/cells/upside_2026q3_claims:upside/formula/refs/1 | None | upside_2026q3_net_loss_ratio |
| /operating_model/cells/upside_2026q3_claims:upside/id | None | upside_2026q3_claims |
| /operating_model/cells/upside_2026q3_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2026q3_claims:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_claims:upside/value | None | 181.86666666666665 |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/id | None | upside_2026q3_claims_reserve_inflow |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_claims_reserve_inflow:upside/value | None | 8.0 |
| /operating_model/cells/upside_2026q3_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_commission_rate:upside/id | None | upside_2026q3_commission_rate |
| /operating_model/cells/upside_2026q3_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2026q3_commission_rate:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q3_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_da:upside/id | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2026q3_da:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_da:upside/value | None | 2.8 |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/formula/refs/0 | None | upside_2026q3_pretax |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/formula/refs/1 | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/formula/refs/2 | None | upside_2026q3_da |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/formula/refs/3 | None | upside_2026q3_finance_interest |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/id | None | upside_2026q3_ebitda_add |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ebitda_add:upside/value | None | -7.186666666666673 |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/formula/refs/0 | None | upside_2026q3_investment_income |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/formula/refs/1 | None | upside_2026q3_other_interest |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/id | None | upside_2026q3_ebitda_income_remove |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2026q3_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2026q3_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_fcf:upside/formula/refs/0 | None | upside_2026q3_cfo |
| /operating_model/cells/upside_2026q3_fcf:upside/formula/refs/1 | None | upside_2026q3_capex |
| /operating_model/cells/upside_2026q3_fcf:upside/id | None | upside_2026q3_fcf |
| /operating_model/cells/upside_2026q3_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2026q3_fcf:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_fcf:upside/value | None | -14.042666666666673 |
| /operating_model/cells/upside_2026q3_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2026q3_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_finance_interest:upside/formula/refs/0 | None | upside_2026q3_gc_interest |
| /operating_model/cells/upside_2026q3_finance_interest:upside/formula/refs/1 | None | upside_2026q3_hannover_interest |
| /operating_model/cells/upside_2026q3_finance_interest:upside/id | None | upside_2026q3_finance_interest |
| /operating_model/cells/upside_2026q3_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2026q3_finance_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_finance_interest:upside/value | None | 8.856 |
| /operating_model/cells/upside_2026q3_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_advance:upside/id | None | upside_2026q3_gc_advance |
| /operating_model/cells/upside_2026q3_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2026q3_gc_advance:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_advance:upside/value | None | 55.0 |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/id | None | upside_2026q3_gc_annual_rate |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2026q3_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2026q3_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_gc_available:upside/formula/refs/0 | None | gc_opening |
| /operating_model/cells/upside_2026q3_gc_available:upside/formula/refs/1 | None | upside_2026q3_gc_advance |
| /operating_model/cells/upside_2026q3_gc_available:upside/id | None | upside_2026q3_gc_available |
| /operating_model/cells/upside_2026q3_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2026q3_gc_available:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_available:upside/value | None | 261.4 |
| /operating_model/cells/upside_2026q3_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2026q3_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_gc_average:upside/formula/refs/0 | None | upside_2026q3_gc_balance_sum |
| /operating_model/cells/upside_2026q3_gc_average:upside/formula/refs/1 | None | upside_2026q3_gc_half |
| /operating_model/cells/upside_2026q3_gc_average:upside/id | None | upside_2026q3_gc_average |
| /operating_model/cells/upside_2026q3_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2026q3_gc_average:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_average:upside/value | None | 221.39999999999998 |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/formula/refs/0 | None | gc_opening |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/formula/refs/1 | None | upside_2026q3_gc_ending |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/id | None | upside_2026q3_gc_balance_sum |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_balance_sum:upside/value | None | 442.79999999999995 |
| /operating_model/cells/upside_2026q3_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2026q3_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_gc_ending:upside/formula/refs/0 | None | upside_2026q3_gc_available |
| /operating_model/cells/upside_2026q3_gc_ending:upside/formula/refs/1 | None | upside_2026q3_gc_principal |
| /operating_model/cells/upside_2026q3_gc_ending:upside/id | None | upside_2026q3_gc_ending |
| /operating_model/cells/upside_2026q3_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2026q3_gc_ending:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_ending:upside/value | None | 236.39999999999998 |
| /operating_model/cells/upside_2026q3_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_half:upside/id | None | upside_2026q3_gc_half |
| /operating_model/cells/upside_2026q3_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2026q3_gc_half:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2026q3_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2026q3_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_gc_interest:upside/formula/refs/0 | None | upside_2026q3_gc_average |
| /operating_model/cells/upside_2026q3_gc_interest:upside/formula/refs/1 | None | upside_2026q3_gc_annual_rate |
| /operating_model/cells/upside_2026q3_gc_interest:upside/formula/refs/2 | None | upside_2026q3_gc_quarter |
| /operating_model/cells/upside_2026q3_gc_interest:upside/id | None | upside_2026q3_gc_interest |
| /operating_model/cells/upside_2026q3_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2026q3_gc_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_interest:upside/value | None | 8.856 |
| /operating_model/cells/upside_2026q3_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_principal:upside/id | None | upside_2026q3_gc_principal |
| /operating_model/cells/upside_2026q3_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2026q3_gc_principal:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gc_principal:upside/value | None | 25.0 |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/id | None | upside_2026q3_gc_quarter |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q3_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gp_da:upside/id | None | upside_2026q3_gp_da |
| /operating_model/cells/upside_2026q3_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2026q3_gp_da:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gp_da:upside/value | None | 0.5 |
| /operating_model/cells/upside_2026q3_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2026q3_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_gross_cost:upside/formula/refs/0 | None | upside_2026q3_claims |
| /operating_model/cells/upside_2026q3_gross_cost:upside/formula/refs/1 | None | upside_2026q3_other_insurance |
| /operating_model/cells/upside_2026q3_gross_cost:upside/formula/refs/2 | None | upside_2026q3_gp_da |
| /operating_model/cells/upside_2026q3_gross_cost:upside/id | None | upside_2026q3_gross_cost |
| /operating_model/cells/upside_2026q3_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2026q3_gross_cost:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gross_cost:upside/value | None | 211.48666666666665 |
| /operating_model/cells/upside_2026q3_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gross_earned:upside/id | None | upside_2026q3_gross_earned |
| /operating_model/cells/upside_2026q3_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2026q3_gross_earned:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gross_earned:upside/value | None | 364.0 |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/formula/refs/0 | None | upside_2026q3_attritional_loss |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/formula/refs/1 | None | upside_2026q3_cat_loss |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/formula/refs/2 | None | upside_2026q3_lae_ratio |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/formula/refs/3 | None | upside_2026q3_prior_development |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/id | None | upside_2026q3_gross_loss_ratio |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_gross_loss_ratio:upside/value | None | 0.62 |
| /operating_model/cells/upside_2026q3_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2026q3_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_gross_profit:upside/formula/refs/0 | None | upside_2026q3_revenue |
| /operating_model/cells/upside_2026q3_gross_profit:upside/formula/refs/1 | None | upside_2026q3_gross_cost |
| /operating_model/cells/upside_2026q3_gross_profit:upside/id | None | upside_2026q3_gross_profit |
| /operating_model/cells/upside_2026q3_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2026q3_gross_profit:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_gross_profit:upside/value | None | 122.51333333333335 |
| /operating_model/cells/upside_2026q3_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2026q3_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_growth_advances:upside/formula/refs/0 | None | upside_2026q3_gc_advance |
| /operating_model/cells/upside_2026q3_growth_advances:upside/formula/refs/1 | None | upside_2026q3_hannover_advance |
| /operating_model/cells/upside_2026q3_growth_advances:upside/id | None | upside_2026q3_growth_advances |
| /operating_model/cells/upside_2026q3_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2026q3_growth_advances:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_growth_advances:upside/value | None | 55.0 |
| /operating_model/cells/upside_2026q3_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2026q3_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_growth_principal:upside/formula/refs/0 | None | upside_2026q3_gc_principal |
| /operating_model/cells/upside_2026q3_growth_principal:upside/formula/refs/1 | None | upside_2026q3_hannover_principal |
| /operating_model/cells/upside_2026q3_growth_principal:upside/id | None | upside_2026q3_growth_principal |
| /operating_model/cells/upside_2026q3_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2026q3_growth_principal:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_growth_principal:upside/value | None | 25.0 |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/id | None | upside_2026q3_hannover_advance |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/id | None | upside_2026q3_hannover_annual_rate |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2026q3_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2026q3_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_hannover_available:upside/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/upside_2026q3_hannover_available:upside/formula/refs/1 | None | upside_2026q3_hannover_advance |
| /operating_model/cells/upside_2026q3_hannover_available:upside/id | None | upside_2026q3_hannover_available |
| /operating_model/cells/upside_2026q3_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2026q3_hannover_available:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_available:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2026q3_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_hannover_average:upside/formula/refs/0 | None | upside_2026q3_hannover_balance_sum |
| /operating_model/cells/upside_2026q3_hannover_average:upside/formula/refs/1 | None | upside_2026q3_hannover_half |
| /operating_model/cells/upside_2026q3_hannover_average:upside/id | None | upside_2026q3_hannover_average |
| /operating_model/cells/upside_2026q3_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2026q3_hannover_average:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_average:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/formula/refs/0 | None | hannover_opening |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/formula/refs/1 | None | upside_2026q3_hannover_ending |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/id | None | upside_2026q3_hannover_balance_sum |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_balance_sum:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/formula/refs/0 | None | upside_2026q3_hannover_available |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/formula/refs/1 | None | upside_2026q3_hannover_principal |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/id | None | upside_2026q3_hannover_ending |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_ending:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_half:upside/id | None | upside_2026q3_hannover_half |
| /operating_model/cells/upside_2026q3_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2026q3_hannover_half:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/formula/refs/0 | None | upside_2026q3_hannover_average |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/formula/refs/1 | None | upside_2026q3_hannover_annual_rate |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/formula/refs/2 | None | upside_2026q3_hannover_quarter |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/id | None | upside_2026q3_hannover_interest |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_interest:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/id | None | upside_2026q3_hannover_principal |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_hannover_principal:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/id | None | upside_2026q3_hannover_quarter |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/id | None | upside_2026q3_insurance_cost_ratio |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/formula/refs/0 | None | upside_2026q3_unearned_inflow |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/formula/refs/1 | None | upside_2026q3_claims_reserve_inflow |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/id | None | upside_2026q3_insurance_inflows |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_insurance_inflows:upside/value | None | 70.0 |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/formula/refs/0 | None | upside_2026q3_premium_receivables |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/formula/refs/1 | None | upside_2026q3_reinsurance_other |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/id | None | upside_2026q3_insurance_uses |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_insurance_uses:upside/value | None | 68.0 |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/formula/refs/0 | None | upside_2026q3_insurance_inflows |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/formula/refs/1 | None | upside_2026q3_insurance_uses |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/id | None | upside_2026q3_insurance_wc |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2026q3_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_investment_income:upside/id | None | upside_2026q3_investment_income |
| /operating_model/cells/upside_2026q3_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2026q3_investment_income:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/id | None | upside_2026q3_lae_ratio |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/formula/refs/0 | None | upside_2026q3_growth_advances |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/formula/refs/1 | None | upside_2026q3_growth_principal |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/id | None | upside_2026q3_net_growth_financing |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_net_growth_financing:upside/value | None | 30.0 |
| /operating_model/cells/upside_2026q3_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2026q3_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_net_income:upside/formula/refs/0 | None | upside_2026q3_pretax |
| /operating_model/cells/upside_2026q3_net_income:upside/formula/refs/1 | None | upside_2026q3_cash_tax |
| /operating_model/cells/upside_2026q3_net_income:upside/id | None | upside_2026q3_net_income |
| /operating_model/cells/upside_2026q3_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2026q3_net_income:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_net_income:upside/value | None | -44.34266666666667 |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/formula/refs/0 | None | upside_2026q3_gross_loss_ratio |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/formula/refs/1 | None | upside_2026q3_net_reinsurance_basis |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/id | None | upside_2026q3_net_loss_ratio |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_net_loss_ratio:upside/value | None | 0.62 |
| /operating_model/cells/upside_2026q3_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2026q3_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_net_premium:upside/formula/refs/0 | None | upside_2026q3_gross_earned |
| /operating_model/cells/upside_2026q3_net_premium:upside/formula/refs/1 | None | upside_2026q3_retention |
| /operating_model/cells/upside_2026q3_net_premium:upside/id | None | upside_2026q3_net_premium |
| /operating_model/cells/upside_2026q3_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2026q3_net_premium:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_net_premium:upside/value | None | 293.3333333333333 |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/id | None | upside_2026q3_net_reinsurance_basis |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2026q3_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_operating_expense:upside/formula/refs/0 | None | upside_2026q3_ordinary_opex |
| /operating_model/cells/upside_2026q3_operating_expense:upside/formula/refs/1 | None | upside_2026q3_finance_interest |
| /operating_model/cells/upside_2026q3_operating_expense:upside/id | None | upside_2026q3_operating_expense |
| /operating_model/cells/upside_2026q3_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2026q3_operating_expense:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_operating_expense:upside/value | None | 165.856 |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/id | None | upside_2026q3_ordinary_opex |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_ordinary_opex:upside/value | None | 157.0 |
| /operating_model/cells/upside_2026q3_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2026q3_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_other_insurance:upside/formula/refs/0 | None | upside_2026q3_gross_earned |
| /operating_model/cells/upside_2026q3_other_insurance:upside/formula/refs/1 | None | upside_2026q3_insurance_cost_ratio |
| /operating_model/cells/upside_2026q3_other_insurance:upside/id | None | upside_2026q3_other_insurance |
| /operating_model/cells/upside_2026q3_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2026q3_other_insurance:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_other_insurance:upside/value | None | 29.12 |
| /operating_model/cells/upside_2026q3_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_other_interest:upside/id | None | upside_2026q3_other_interest |
| /operating_model/cells/upside_2026q3_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2026q3_other_interest:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q3_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_other_revenue:upside/id | None | upside_2026q3_other_revenue |
| /operating_model/cells/upside_2026q3_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2026q3_other_revenue:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_other_revenue:upside/value | None | 13.0 |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/id | None | upside_2026q3_premium_receivables |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_premium_receivables:upside/value | None | 60.0 |
| /operating_model/cells/upside_2026q3_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2026q3_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_pretax:upside/formula/refs/0 | None | upside_2026q3_revenue |
| /operating_model/cells/upside_2026q3_pretax:upside/formula/refs/1 | None | upside_2026q3_total_cost |
| /operating_model/cells/upside_2026q3_pretax:upside/id | None | upside_2026q3_pretax |
| /operating_model/cells/upside_2026q3_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2026q3_pretax:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_pretax:upside/value | None | -42.84266666666667 |
| /operating_model/cells/upside_2026q3_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_prior_development:upside/id | None | upside_2026q3_prior_development |
| /operating_model/cells/upside_2026q3_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2026q3_prior_development:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_prior_development:upside/value | None | -0.02 |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/id | None | upside_2026q3_reinsurance_other |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_reinsurance_other:upside/value | None | 8.0 |
| /operating_model/cells/upside_2026q3_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2026q3_retention:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_retention:upside/id | None | upside_2026q3_retention |
| /operating_model/cells/upside_2026q3_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2026q3_retention:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_retention:upside/value | None | 0.8058608058608058 |
| /operating_model/cells/upside_2026q3_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2026q3_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/0 | None | upside_2026q3_net_premium |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/1 | None | upside_2026q3_ceding_commission |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/2 | None | upside_2026q3_investment_income |
| /operating_model/cells/upside_2026q3_revenue:upside/formula/refs/3 | None | upside_2026q3_other_revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/id | None | upside_2026q3_revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2026q3_revenue:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_revenue:upside/value | None | 334.0 |
| /operating_model/cells/upside_2026q3_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_sbc:upside/id | None | upside_2026q3_sbc |
| /operating_model/cells/upside_2026q3_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2026q3_sbc:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_sbc:upside/value | None | 24.0 |
| /operating_model/cells/upside_2026q3_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2026q3_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_total_cost:upside/formula/refs/0 | None | upside_2026q3_claims |
| /operating_model/cells/upside_2026q3_total_cost:upside/formula/refs/1 | None | upside_2026q3_other_insurance |
| /operating_model/cells/upside_2026q3_total_cost:upside/formula/refs/2 | None | upside_2026q3_operating_expense |
| /operating_model/cells/upside_2026q3_total_cost:upside/id | None | upside_2026q3_total_cost |
| /operating_model/cells/upside_2026q3_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2026q3_total_cost:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_total_cost:upside/value | None | 376.8426666666667 |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/id | None | upside_2026q3_unearned_inflow |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_unearned_inflow:upside/value | None | 62.0 |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/0 | None | upside_2026q4_ebitda_add |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/1 | None | upside_2026q4_ebitda_income_remove |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/id | None | upside_2026q4_adj_ebitda |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_adj_ebitda:upside/value | None | -10.510000000000076 |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/id | None | upside_2026q4_attritional_loss |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_attritional_loss:upside/value | None | 0.56 |
| /operating_model/cells/upside_2026q4_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_bad_debt:upside/id | None | upside_2026q4_bad_debt |
| /operating_model/cells/upside_2026q4_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2026q4_bad_debt:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_bad_debt:upside/value | None | 7.0 |
| /operating_model/cells/upside_2026q4_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_capex:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_capex:upside/id | None | upside_2026q4_capex |
| /operating_model/cells/upside_2026q4_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2026q4_capex:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_capex:upside/value | None | 5.5 |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/formula/refs/0 | None | upside_2026q4_fcf |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/formula/refs/1 | None | upside_2026q4_net_growth_financing |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/id | None | upside_2026q4_cash_after_financing |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_after_financing:upside/value | None | 17.33399999999992 |
| /operating_model/cells/upside_2026q4_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_tax:upside/id | None | upside_2026q4_cash_tax |
| /operating_model/cells/upside_2026q4_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2026q4_cash_tax:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_tax:upside/value | None | 1.7 |
| /operating_model/cells/upside_2026q4_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cat_loss:upside/id | None | upside_2026q4_cat_loss |
| /operating_model/cells/upside_2026q4_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2026q4_cat_loss:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_cat_loss:upside/value | None | 0.02 |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/formula/refs/0 | None | upside_2026q4_gross_earned |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/formula/refs/1 | None | upside_2026q4_net_premium |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/id | None | upside_2026q4_ceded_premium |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ceded_premium:upside/value | None | 81.33333333333331 |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/formula/refs/0 | None | upside_2026q4_ceded_premium |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/formula/refs/1 | None | upside_2026q4_commission_rate |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/id | None | upside_2026q4_ceding_commission |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ceding_commission:upside/value | None | 20.33333333333333 |
| /operating_model/cells/upside_2026q4_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2026q4_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0 | None | upside_2026q4_net_income |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1 | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/2 | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/3 | None | upside_2026q4_bad_debt |
| /operating_model/cells/upside_2026q4_cfo:upside/formula/refs/4 | None | upside_2026q4_insurance_wc |
| /operating_model/cells/upside_2026q4_cfo:upside/id | None | upside_2026q4_cfo |
| /operating_model/cells/upside_2026q4_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2026q4_cfo:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cfo:upside/value | None | -2.1660000000000785 |
| /operating_model/cells/upside_2026q4_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2026q4_claims:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_claims:upside/formula/refs/0 | None | upside_2026q4_net_premium |
| /operating_model/cells/upside_2026q4_claims:upside/formula/refs/1 | None | upside_2026q4_net_loss_ratio |
| /operating_model/cells/upside_2026q4_claims:upside/id | None | upside_2026q4_claims |
| /operating_model/cells/upside_2026q4_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2026q4_claims:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_claims:upside/value | None | 192.29000000000005 |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/id | None | upside_2026q4_claims_reserve_inflow |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_claims_reserve_inflow:upside/value | None | 9.0 |
| /operating_model/cells/upside_2026q4_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_commission_rate:upside/id | None | upside_2026q4_commission_rate |
| /operating_model/cells/upside_2026q4_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2026q4_commission_rate:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q4_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_da:upside/id | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2026q4_da:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_da:upside/value | None | 3.0 |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/formula/refs/0 | None | upside_2026q4_pretax |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/formula/refs/1 | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/formula/refs/2 | None | upside_2026q4_da |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/formula/refs/3 | None | upside_2026q4_finance_interest |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/id | None | upside_2026q4_ebitda_add |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ebitda_add:upside/value | None | 0.48999999999992383 |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/formula/refs/0 | None | upside_2026q4_investment_income |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/formula/refs/1 | None | upside_2026q4_other_interest |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/id | None | upside_2026q4_ebitda_income_remove |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2026q4_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2026q4_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_fcf:upside/formula/refs/0 | None | upside_2026q4_cfo |
| /operating_model/cells/upside_2026q4_fcf:upside/formula/refs/1 | None | upside_2026q4_capex |
| /operating_model/cells/upside_2026q4_fcf:upside/id | None | upside_2026q4_fcf |
| /operating_model/cells/upside_2026q4_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2026q4_fcf:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_fcf:upside/value | None | -7.6660000000000785 |
| /operating_model/cells/upside_2026q4_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2026q4_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_finance_interest:upside/formula/refs/0 | None | upside_2026q4_gc_interest |
| /operating_model/cells/upside_2026q4_finance_interest:upside/formula/refs/1 | None | upside_2026q4_hannover_interest |
| /operating_model/cells/upside_2026q4_finance_interest:upside/id | None | upside_2026q4_finance_interest |
| /operating_model/cells/upside_2026q4_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2026q4_finance_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_finance_interest:upside/value | None | 9.956 |
| /operating_model/cells/upside_2026q4_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_advance:upside/id | None | upside_2026q4_gc_advance |
| /operating_model/cells/upside_2026q4_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2026q4_gc_advance:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_advance:upside/value | None | 55.0 |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/id | None | upside_2026q4_gc_annual_rate |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2026q4_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2026q4_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_gc_available:upside/formula/refs/0 | None | upside_2026q3_gc_ending |
| /operating_model/cells/upside_2026q4_gc_available:upside/formula/refs/1 | None | upside_2026q4_gc_advance |
| /operating_model/cells/upside_2026q4_gc_available:upside/id | None | upside_2026q4_gc_available |
| /operating_model/cells/upside_2026q4_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2026q4_gc_available:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_available:upside/value | None | 291.4 |
| /operating_model/cells/upside_2026q4_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2026q4_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_gc_average:upside/formula/refs/0 | None | upside_2026q4_gc_balance_sum |
| /operating_model/cells/upside_2026q4_gc_average:upside/formula/refs/1 | None | upside_2026q4_gc_half |
| /operating_model/cells/upside_2026q4_gc_average:upside/id | None | upside_2026q4_gc_average |
| /operating_model/cells/upside_2026q4_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2026q4_gc_average:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_average:upside/value | None | 248.89999999999998 |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/formula/refs/0 | None | upside_2026q3_gc_ending |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/formula/refs/1 | None | upside_2026q4_gc_ending |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/id | None | upside_2026q4_gc_balance_sum |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_balance_sum:upside/value | None | 497.79999999999995 |
| /operating_model/cells/upside_2026q4_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2026q4_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_gc_ending:upside/formula/refs/0 | None | upside_2026q4_gc_available |
| /operating_model/cells/upside_2026q4_gc_ending:upside/formula/refs/1 | None | upside_2026q4_gc_principal |
| /operating_model/cells/upside_2026q4_gc_ending:upside/id | None | upside_2026q4_gc_ending |
| /operating_model/cells/upside_2026q4_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2026q4_gc_ending:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_ending:upside/value | None | 261.4 |
| /operating_model/cells/upside_2026q4_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_half:upside/id | None | upside_2026q4_gc_half |
| /operating_model/cells/upside_2026q4_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2026q4_gc_half:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2026q4_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2026q4_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_gc_interest:upside/formula/refs/0 | None | upside_2026q4_gc_average |
| /operating_model/cells/upside_2026q4_gc_interest:upside/formula/refs/1 | None | upside_2026q4_gc_annual_rate |
| /operating_model/cells/upside_2026q4_gc_interest:upside/formula/refs/2 | None | upside_2026q4_gc_quarter |
| /operating_model/cells/upside_2026q4_gc_interest:upside/id | None | upside_2026q4_gc_interest |
| /operating_model/cells/upside_2026q4_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2026q4_gc_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_interest:upside/value | None | 9.956 |
| /operating_model/cells/upside_2026q4_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_principal:upside/id | None | upside_2026q4_gc_principal |
| /operating_model/cells/upside_2026q4_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2026q4_gc_principal:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gc_principal:upside/value | None | 30.0 |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/id | None | upside_2026q4_gc_quarter |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q4_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gp_da:upside/id | None | upside_2026q4_gp_da |
| /operating_model/cells/upside_2026q4_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2026q4_gp_da:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gp_da:upside/value | None | 0.55 |
| /operating_model/cells/upside_2026q4_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2026q4_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_gross_cost:upside/formula/refs/0 | None | upside_2026q4_claims |
| /operating_model/cells/upside_2026q4_gross_cost:upside/formula/refs/1 | None | upside_2026q4_other_insurance |
| /operating_model/cells/upside_2026q4_gross_cost:upside/formula/refs/2 | None | upside_2026q4_gp_da |
| /operating_model/cells/upside_2026q4_gross_cost:upside/id | None | upside_2026q4_gross_cost |
| /operating_model/cells/upside_2026q4_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2026q4_gross_cost:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gross_cost:upside/value | None | 224.36000000000007 |
| /operating_model/cells/upside_2026q4_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gross_earned:upside/id | None | upside_2026q4_gross_earned |
| /operating_model/cells/upside_2026q4_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2026q4_gross_earned:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gross_earned:upside/value | None | 394.0 |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/formula/refs/0 | None | upside_2026q4_attritional_loss |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/formula/refs/1 | None | upside_2026q4_cat_loss |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/formula/refs/2 | None | upside_2026q4_lae_ratio |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/formula/refs/3 | None | upside_2026q4_prior_development |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/id | None | upside_2026q4_gross_loss_ratio |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_gross_loss_ratio:upside/value | None | 0.6150000000000001 |
| /operating_model/cells/upside_2026q4_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2026q4_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/0 | None | upside_2026q4_revenue |
| /operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/1 | None | upside_2026q4_gross_cost |
| /operating_model/cells/upside_2026q4_gross_profit:upside/id | None | upside_2026q4_gross_profit |
| /operating_model/cells/upside_2026q4_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2026q4_gross_profit:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_gross_profit:upside/value | None | 132.63999999999993 |
| /operating_model/cells/upside_2026q4_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2026q4_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_growth_advances:upside/formula/refs/0 | None | upside_2026q4_gc_advance |
| /operating_model/cells/upside_2026q4_growth_advances:upside/formula/refs/1 | None | upside_2026q4_hannover_advance |
| /operating_model/cells/upside_2026q4_growth_advances:upside/id | None | upside_2026q4_growth_advances |
| /operating_model/cells/upside_2026q4_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2026q4_growth_advances:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_growth_advances:upside/value | None | 55.0 |
| /operating_model/cells/upside_2026q4_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2026q4_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_growth_principal:upside/formula/refs/0 | None | upside_2026q4_gc_principal |
| /operating_model/cells/upside_2026q4_growth_principal:upside/formula/refs/1 | None | upside_2026q4_hannover_principal |
| /operating_model/cells/upside_2026q4_growth_principal:upside/id | None | upside_2026q4_growth_principal |
| /operating_model/cells/upside_2026q4_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2026q4_growth_principal:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_growth_principal:upside/value | None | 30.0 |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/id | None | upside_2026q4_hannover_advance |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/id | None | upside_2026q4_hannover_annual_rate |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2026q4_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2026q4_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_hannover_available:upside/formula/refs/0 | None | upside_2026q3_hannover_ending |
| /operating_model/cells/upside_2026q4_hannover_available:upside/formula/refs/1 | None | upside_2026q4_hannover_advance |
| /operating_model/cells/upside_2026q4_hannover_available:upside/id | None | upside_2026q4_hannover_available |
| /operating_model/cells/upside_2026q4_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2026q4_hannover_available:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_available:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2026q4_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_hannover_average:upside/formula/refs/0 | None | upside_2026q4_hannover_balance_sum |
| /operating_model/cells/upside_2026q4_hannover_average:upside/formula/refs/1 | None | upside_2026q4_hannover_half |
| /operating_model/cells/upside_2026q4_hannover_average:upside/id | None | upside_2026q4_hannover_average |
| /operating_model/cells/upside_2026q4_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2026q4_hannover_average:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_average:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/formula/refs/0 | None | upside_2026q3_hannover_ending |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/formula/refs/1 | None | upside_2026q4_hannover_ending |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/id | None | upside_2026q4_hannover_balance_sum |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_balance_sum:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/formula/refs/0 | None | upside_2026q4_hannover_available |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/formula/refs/1 | None | upside_2026q4_hannover_principal |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/id | None | upside_2026q4_hannover_ending |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_ending:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_half:upside/id | None | upside_2026q4_hannover_half |
| /operating_model/cells/upside_2026q4_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2026q4_hannover_half:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/formula/refs/0 | None | upside_2026q4_hannover_average |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/formula/refs/1 | None | upside_2026q4_hannover_annual_rate |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/formula/refs/2 | None | upside_2026q4_hannover_quarter |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/id | None | upside_2026q4_hannover_interest |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_interest:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/id | None | upside_2026q4_hannover_principal |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_hannover_principal:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/id | None | upside_2026q4_hannover_quarter |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/id | None | upside_2026q4_insurance_cost_ratio |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/formula/refs/0 | None | upside_2026q4_unearned_inflow |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/formula/refs/1 | None | upside_2026q4_claims_reserve_inflow |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/id | None | upside_2026q4_insurance_inflows |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_insurance_inflows:upside/value | None | 78.0 |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/formula/refs/0 | None | upside_2026q4_premium_receivables |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/formula/refs/1 | None | upside_2026q4_reinsurance_other |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/id | None | upside_2026q4_insurance_uses |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_insurance_uses:upside/value | None | 76.0 |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/formula/refs/0 | None | upside_2026q4_insurance_inflows |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/formula/refs/1 | None | upside_2026q4_insurance_uses |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/id | None | upside_2026q4_insurance_wc |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2026q4_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_investment_income:upside/id | None | upside_2026q4_investment_income |
| /operating_model/cells/upside_2026q4_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2026q4_investment_income:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/id | None | upside_2026q4_lae_ratio |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/formula/refs/0 | None | upside_2026q4_growth_advances |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/formula/refs/1 | None | upside_2026q4_growth_principal |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/id | None | upside_2026q4_net_growth_financing |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_net_growth_financing:upside/value | None | 25.0 |
| /operating_model/cells/upside_2026q4_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2026q4_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_net_income:upside/formula/refs/0 | None | upside_2026q4_pretax |
| /operating_model/cells/upside_2026q4_net_income:upside/formula/refs/1 | None | upside_2026q4_cash_tax |
| /operating_model/cells/upside_2026q4_net_income:upside/id | None | upside_2026q4_net_income |
| /operating_model/cells/upside_2026q4_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2026q4_net_income:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_net_income:upside/value | None | -39.46600000000008 |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/formula/refs/0 | None | upside_2026q4_gross_loss_ratio |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/formula/refs/1 | None | upside_2026q4_net_reinsurance_basis |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/id | None | upside_2026q4_net_loss_ratio |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_net_loss_ratio:upside/value | None | 0.6150000000000001 |
| /operating_model/cells/upside_2026q4_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2026q4_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_net_premium:upside/formula/refs/0 | None | upside_2026q4_gross_earned |
| /operating_model/cells/upside_2026q4_net_premium:upside/formula/refs/1 | None | upside_2026q4_retention |
| /operating_model/cells/upside_2026q4_net_premium:upside/id | None | upside_2026q4_net_premium |
| /operating_model/cells/upside_2026q4_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2026q4_net_premium:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_net_premium:upside/value | None | 312.6666666666667 |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/id | None | upside_2026q4_net_reinsurance_basis |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2026q4_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_operating_expense:upside/formula/refs/0 | None | upside_2026q4_ordinary_opex |
| /operating_model/cells/upside_2026q4_operating_expense:upside/formula/refs/1 | None | upside_2026q4_finance_interest |
| /operating_model/cells/upside_2026q4_operating_expense:upside/id | None | upside_2026q4_operating_expense |
| /operating_model/cells/upside_2026q4_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2026q4_operating_expense:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_operating_expense:upside/value | None | 170.956 |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/id | None | upside_2026q4_ordinary_opex |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_ordinary_opex:upside/value | None | 161.0 |
| /operating_model/cells/upside_2026q4_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2026q4_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_other_insurance:upside/formula/refs/0 | None | upside_2026q4_gross_earned |
| /operating_model/cells/upside_2026q4_other_insurance:upside/formula/refs/1 | None | upside_2026q4_insurance_cost_ratio |
| /operating_model/cells/upside_2026q4_other_insurance:upside/id | None | upside_2026q4_other_insurance |
| /operating_model/cells/upside_2026q4_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2026q4_other_insurance:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_other_insurance:upside/value | None | 31.52 |
| /operating_model/cells/upside_2026q4_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_other_interest:upside/id | None | upside_2026q4_other_interest |
| /operating_model/cells/upside_2026q4_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2026q4_other_interest:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q4_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_other_revenue:upside/id | None | upside_2026q4_other_revenue |
| /operating_model/cells/upside_2026q4_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2026q4_other_revenue:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_other_revenue:upside/value | None | 14.0 |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/id | None | upside_2026q4_premium_receivables |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_premium_receivables:upside/value | None | 67.0 |
| /operating_model/cells/upside_2026q4_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2026q4_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_pretax:upside/formula/refs/0 | None | upside_2026q4_revenue |
| /operating_model/cells/upside_2026q4_pretax:upside/formula/refs/1 | None | upside_2026q4_total_cost |
| /operating_model/cells/upside_2026q4_pretax:upside/id | None | upside_2026q4_pretax |
| /operating_model/cells/upside_2026q4_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2026q4_pretax:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_pretax:upside/value | None | -37.766000000000076 |
| /operating_model/cells/upside_2026q4_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_prior_development:upside/id | None | upside_2026q4_prior_development |
| /operating_model/cells/upside_2026q4_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2026q4_prior_development:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_prior_development:upside/value | None | -0.015 |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/id | None | upside_2026q4_reinsurance_other |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_reinsurance_other:upside/value | None | 9.0 |
| /operating_model/cells/upside_2026q4_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2026q4_retention:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_retention:upside/id | None | upside_2026q4_retention |
| /operating_model/cells/upside_2026q4_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2026q4_retention:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_retention:upside/value | None | 0.7935702199661591 |
| /operating_model/cells/upside_2026q4_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2026q4_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0 | None | upside_2026q4_net_premium |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1 | None | upside_2026q4_ceding_commission |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/2 | None | upside_2026q4_investment_income |
| /operating_model/cells/upside_2026q4_revenue:upside/formula/refs/3 | None | upside_2026q4_other_revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/id | None | upside_2026q4_revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2026q4_revenue:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_revenue:upside/value | None | 357.0 |
| /operating_model/cells/upside_2026q4_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_sbc:upside/id | None | upside_2026q4_sbc |
| /operating_model/cells/upside_2026q4_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2026q4_sbc:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_sbc:upside/value | None | 25.3 |
| /operating_model/cells/upside_2026q4_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2026q4_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_total_cost:upside/formula/refs/0 | None | upside_2026q4_claims |
| /operating_model/cells/upside_2026q4_total_cost:upside/formula/refs/1 | None | upside_2026q4_other_insurance |
| /operating_model/cells/upside_2026q4_total_cost:upside/formula/refs/2 | None | upside_2026q4_operating_expense |
| /operating_model/cells/upside_2026q4_total_cost:upside/id | None | upside_2026q4_total_cost |
| /operating_model/cells/upside_2026q4_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2026q4_total_cost:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_total_cost:upside/value | None | 394.7660000000001 |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/id | None | upside_2026q4_unearned_inflow |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_unearned_inflow:upside/value | None | 69.0 |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/0 | None | upside_2027q1_ebitda_add |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/1 | None | upside_2027q1_ebitda_income_remove |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/id | None | upside_2027q1_adj_ebitda |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_adj_ebitda:upside/value | None | -3.633333333333349 |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/id | None | upside_2027q1_attritional_loss |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_attritional_loss:upside/value | None | 0.55 |
| /operating_model/cells/upside_2027q1_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_bad_debt:upside/id | None | upside_2027q1_bad_debt |
| /operating_model/cells/upside_2027q1_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2027q1_bad_debt:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_bad_debt:upside/value | None | 7.5 |
| /operating_model/cells/upside_2027q1_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_capex:upside/id | None | upside_2027q1_capex |
| /operating_model/cells/upside_2027q1_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2027q1_capex:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_capex:upside/value | None | 6.0 |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/formula/refs/0 | None | upside_2027q1_fcf |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/formula/refs/1 | None | upside_2027q1_net_growth_financing |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/id | None | upside_2027q1_cash_after_financing |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_after_financing:upside/value | None | 13.559416666666653 |
| /operating_model/cells/upside_2027q1_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_tax:upside/id | None | upside_2027q1_cash_tax |
| /operating_model/cells/upside_2027q1_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2027q1_cash_tax:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_tax:upside/value | None | 1.9 |
| /operating_model/cells/upside_2027q1_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cat_loss:upside/id | None | upside_2027q1_cat_loss |
| /operating_model/cells/upside_2027q1_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2027q1_cat_loss:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_cat_loss:upside/value | None | 0.02 |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/formula/refs/0 | None | upside_2027q1_gross_earned |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/formula/refs/1 | None | upside_2027q1_net_premium |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/id | None | upside_2027q1_ceded_premium |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ceded_premium:upside/value | None | 86.66666666666669 |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/formula/refs/0 | None | upside_2027q1_ceded_premium |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/formula/refs/1 | None | upside_2027q1_commission_rate |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/id | None | upside_2027q1_ceding_commission |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ceding_commission:upside/value | None | 21.66666666666667 |
| /operating_model/cells/upside_2027q1_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2027q1_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0 | None | upside_2027q1_net_income |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1 | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/2 | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/3 | None | upside_2027q1_bad_debt |
| /operating_model/cells/upside_2027q1_cfo:upside/formula/refs/4 | None | upside_2027q1_insurance_wc |
| /operating_model/cells/upside_2027q1_cfo:upside/id | None | upside_2027q1_cfo |
| /operating_model/cells/upside_2027q1_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2027q1_cfo:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cfo:upside/value | None | 4.559416666666653 |
| /operating_model/cells/upside_2027q1_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2027q1_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_claims:upside/formula/refs/0 | None | upside_2027q1_net_premium |
| /operating_model/cells/upside_2027q1_claims:upside/formula/refs/1 | None | upside_2027q1_net_loss_ratio |
| /operating_model/cells/upside_2027q1_claims:upside/id | None | upside_2027q1_claims |
| /operating_model/cells/upside_2027q1_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2027q1_claims:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_claims:upside/value | None | 209.43333333333337 |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/id | None | upside_2027q1_claims_reserve_inflow |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_claims_reserve_inflow:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q1_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_commission_rate:upside/id | None | upside_2027q1_commission_rate |
| /operating_model/cells/upside_2027q1_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2027q1_commission_rate:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q1_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_da:upside/id | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2027q1_da:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_da:upside/value | None | 3.1999999999999997 |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/formula/refs/0 | None | upside_2027q1_pretax |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/formula/refs/1 | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/formula/refs/2 | None | upside_2027q1_da |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/formula/refs/3 | None | upside_2027q1_finance_interest |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/id | None | upside_2027q1_ebitda_add |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ebitda_add:upside/value | None | 7.366666666666651 |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/formula/refs/0 | None | upside_2027q1_investment_income |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/formula/refs/1 | None | upside_2027q1_other_interest |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/id | None | upside_2027q1_ebitda_income_remove |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q1_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2027q1_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_fcf:upside/formula/refs/0 | None | upside_2027q1_cfo |
| /operating_model/cells/upside_2027q1_fcf:upside/formula/refs/1 | None | upside_2027q1_capex |
| /operating_model/cells/upside_2027q1_fcf:upside/id | None | upside_2027q1_fcf |
| /operating_model/cells/upside_2027q1_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2027q1_fcf:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_fcf:upside/value | None | -1.4405833333333469 |
| /operating_model/cells/upside_2027q1_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2027q1_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_finance_interest:upside/formula/refs/0 | None | upside_2027q1_gc_interest |
| /operating_model/cells/upside_2027q1_finance_interest:upside/formula/refs/1 | None | upside_2027q1_hannover_interest |
| /operating_model/cells/upside_2027q1_finance_interest:upside/id | None | upside_2027q1_finance_interest |
| /operating_model/cells/upside_2027q1_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2027q1_finance_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_finance_interest:upside/value | None | 10.40725 |
| /operating_model/cells/upside_2027q1_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_advance:upside/id | None | upside_2027q1_gc_advance |
| /operating_model/cells/upside_2027q1_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2027q1_gc_advance:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/id | None | upside_2027q1_gc_annual_rate |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2027q1_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2027q1_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_gc_available:upside/formula/refs/0 | None | upside_2026q4_gc_ending |
| /operating_model/cells/upside_2027q1_gc_available:upside/formula/refs/1 | None | upside_2027q1_gc_advance |
| /operating_model/cells/upside_2027q1_gc_available:upside/id | None | upside_2027q1_gc_available |
| /operating_model/cells/upside_2027q1_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2027q1_gc_available:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_available:upside/value | None | 261.4 |
| /operating_model/cells/upside_2027q1_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q1_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_gc_average:upside/formula/refs/0 | None | upside_2027q1_gc_balance_sum |
| /operating_model/cells/upside_2027q1_gc_average:upside/formula/refs/1 | None | upside_2027q1_gc_half |
| /operating_model/cells/upside_2027q1_gc_average:upside/id | None | upside_2027q1_gc_average |
| /operating_model/cells/upside_2027q1_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2027q1_gc_average:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_average:upside/value | None | 246.39999999999998 |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/formula/refs/0 | None | upside_2026q4_gc_ending |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/formula/refs/1 | None | upside_2027q1_gc_ending |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/id | None | upside_2027q1_gc_balance_sum |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_balance_sum:upside/value | None | 492.79999999999995 |
| /operating_model/cells/upside_2027q1_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2027q1_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_gc_ending:upside/formula/refs/0 | None | upside_2027q1_gc_available |
| /operating_model/cells/upside_2027q1_gc_ending:upside/formula/refs/1 | None | upside_2027q1_gc_principal |
| /operating_model/cells/upside_2027q1_gc_ending:upside/id | None | upside_2027q1_gc_ending |
| /operating_model/cells/upside_2027q1_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2027q1_gc_ending:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_ending:upside/value | None | 231.39999999999998 |
| /operating_model/cells/upside_2027q1_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_half:upside/id | None | upside_2027q1_gc_half |
| /operating_model/cells/upside_2027q1_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q1_gc_half:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q1_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q1_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_gc_interest:upside/formula/refs/0 | None | upside_2027q1_gc_average |
| /operating_model/cells/upside_2027q1_gc_interest:upside/formula/refs/1 | None | upside_2027q1_gc_annual_rate |
| /operating_model/cells/upside_2027q1_gc_interest:upside/formula/refs/2 | None | upside_2027q1_gc_quarter |
| /operating_model/cells/upside_2027q1_gc_interest:upside/id | None | upside_2027q1_gc_interest |
| /operating_model/cells/upside_2027q1_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2027q1_gc_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_interest:upside/value | None | 9.856 |
| /operating_model/cells/upside_2027q1_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_principal:upside/id | None | upside_2027q1_gc_principal |
| /operating_model/cells/upside_2027q1_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2027q1_gc_principal:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gc_principal:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/id | None | upside_2027q1_gc_quarter |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q1_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gp_da:upside/id | None | upside_2027q1_gp_da |
| /operating_model/cells/upside_2027q1_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2027q1_gp_da:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gp_da:upside/value | None | 0.6 |
| /operating_model/cells/upside_2027q1_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2027q1_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_gross_cost:upside/formula/refs/0 | None | upside_2027q1_claims |
| /operating_model/cells/upside_2027q1_gross_cost:upside/formula/refs/1 | None | upside_2027q1_other_insurance |
| /operating_model/cells/upside_2027q1_gross_cost:upside/formula/refs/2 | None | upside_2027q1_gp_da |
| /operating_model/cells/upside_2027q1_gross_cost:upside/id | None | upside_2027q1_gross_cost |
| /operating_model/cells/upside_2027q1_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2027q1_gross_cost:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gross_cost:upside/value | None | 244.43333333333337 |
| /operating_model/cells/upside_2027q1_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gross_earned:upside/id | None | upside_2027q1_gross_earned |
| /operating_model/cells/upside_2027q1_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2027q1_gross_earned:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gross_earned:upside/value | None | 430.0 |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/formula/refs/0 | None | upside_2027q1_attritional_loss |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/formula/refs/1 | None | upside_2027q1_cat_loss |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/formula/refs/2 | None | upside_2027q1_lae_ratio |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/formula/refs/3 | None | upside_2027q1_prior_development |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/id | None | upside_2027q1_gross_loss_ratio |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_gross_loss_ratio:upside/value | None | 0.6100000000000001 |
| /operating_model/cells/upside_2027q1_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2027q1_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/0 | None | upside_2027q1_revenue |
| /operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/1 | None | upside_2027q1_gross_cost |
| /operating_model/cells/upside_2027q1_gross_profit:upside/id | None | upside_2027q1_gross_profit |
| /operating_model/cells/upside_2027q1_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2027q1_gross_profit:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_gross_profit:upside/value | None | 145.56666666666663 |
| /operating_model/cells/upside_2027q1_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2027q1_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_growth_advances:upside/formula/refs/0 | None | upside_2027q1_gc_advance |
| /operating_model/cells/upside_2027q1_growth_advances:upside/formula/refs/1 | None | upside_2027q1_hannover_advance |
| /operating_model/cells/upside_2027q1_growth_advances:upside/id | None | upside_2027q1_growth_advances |
| /operating_model/cells/upside_2027q1_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2027q1_growth_advances:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_growth_advances:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q1_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2027q1_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_growth_principal:upside/formula/refs/0 | None | upside_2027q1_gc_principal |
| /operating_model/cells/upside_2027q1_growth_principal:upside/formula/refs/1 | None | upside_2027q1_hannover_principal |
| /operating_model/cells/upside_2027q1_growth_principal:upside/id | None | upside_2027q1_growth_principal |
| /operating_model/cells/upside_2027q1_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2027q1_growth_principal:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_growth_principal:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/id | None | upside_2027q1_hannover_advance |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_advance:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/id | None | upside_2027q1_hannover_annual_rate |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2027q1_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2027q1_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_hannover_available:upside/formula/refs/0 | None | upside_2026q4_hannover_ending |
| /operating_model/cells/upside_2027q1_hannover_available:upside/formula/refs/1 | None | upside_2027q1_hannover_advance |
| /operating_model/cells/upside_2027q1_hannover_available:upside/id | None | upside_2027q1_hannover_available |
| /operating_model/cells/upside_2027q1_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2027q1_hannover_available:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_available:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q1_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q1_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_hannover_average:upside/formula/refs/0 | None | upside_2027q1_hannover_balance_sum |
| /operating_model/cells/upside_2027q1_hannover_average:upside/formula/refs/1 | None | upside_2027q1_hannover_half |
| /operating_model/cells/upside_2027q1_hannover_average:upside/id | None | upside_2027q1_hannover_average |
| /operating_model/cells/upside_2027q1_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2027q1_hannover_average:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_average:upside/value | None | 22.5 |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/formula/refs/0 | None | upside_2026q4_hannover_ending |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/formula/refs/1 | None | upside_2027q1_hannover_ending |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/id | None | upside_2027q1_hannover_balance_sum |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_balance_sum:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/formula/refs/0 | None | upside_2027q1_hannover_available |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/formula/refs/1 | None | upside_2027q1_hannover_principal |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/id | None | upside_2027q1_hannover_ending |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_ending:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q1_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_half:upside/id | None | upside_2027q1_hannover_half |
| /operating_model/cells/upside_2027q1_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q1_hannover_half:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/formula/refs/0 | None | upside_2027q1_hannover_average |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/formula/refs/1 | None | upside_2027q1_hannover_annual_rate |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/formula/refs/2 | None | upside_2027q1_hannover_quarter |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/id | None | upside_2027q1_hannover_interest |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_interest:upside/value | None | 0.55125 |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/id | None | upside_2027q1_hannover_principal |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_hannover_principal:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/id | None | upside_2027q1_hannover_quarter |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/id | None | upside_2027q1_insurance_cost_ratio |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/formula/refs/0 | None | upside_2027q1_unearned_inflow |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/formula/refs/1 | None | upside_2027q1_claims_reserve_inflow |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/id | None | upside_2027q1_insurance_inflows |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_insurance_inflows:upside/value | None | 86.0 |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/formula/refs/0 | None | upside_2027q1_premium_receivables |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/formula/refs/1 | None | upside_2027q1_reinsurance_other |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/id | None | upside_2027q1_insurance_uses |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_insurance_uses:upside/value | None | 84.0 |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/formula/refs/0 | None | upside_2027q1_insurance_inflows |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/formula/refs/1 | None | upside_2027q1_insurance_uses |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/id | None | upside_2027q1_insurance_wc |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q1_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_investment_income:upside/id | None | upside_2027q1_investment_income |
| /operating_model/cells/upside_2027q1_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2027q1_investment_income:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/id | None | upside_2027q1_lae_ratio |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/formula/refs/0 | None | upside_2027q1_growth_advances |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/formula/refs/1 | None | upside_2027q1_growth_principal |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/id | None | upside_2027q1_net_growth_financing |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_net_growth_financing:upside/value | None | 15.0 |
| /operating_model/cells/upside_2027q1_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2027q1_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_net_income:upside/formula/refs/0 | None | upside_2027q1_pretax |
| /operating_model/cells/upside_2027q1_net_income:upside/formula/refs/1 | None | upside_2027q1_cash_tax |
| /operating_model/cells/upside_2027q1_net_income:upside/id | None | upside_2027q1_net_income |
| /operating_model/cells/upside_2027q1_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2027q1_net_income:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_net_income:upside/value | None | -34.140583333333346 |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/formula/refs/0 | None | upside_2027q1_gross_loss_ratio |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/formula/refs/1 | None | upside_2027q1_net_reinsurance_basis |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/id | None | upside_2027q1_net_loss_ratio |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_net_loss_ratio:upside/value | None | 0.6100000000000001 |
| /operating_model/cells/upside_2027q1_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2027q1_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_net_premium:upside/formula/refs/0 | None | upside_2027q1_gross_earned |
| /operating_model/cells/upside_2027q1_net_premium:upside/formula/refs/1 | None | upside_2027q1_retention |
| /operating_model/cells/upside_2027q1_net_premium:upside/id | None | upside_2027q1_net_premium |
| /operating_model/cells/upside_2027q1_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2027q1_net_premium:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_net_premium:upside/value | None | 343.3333333333333 |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/id | None | upside_2027q1_net_reinsurance_basis |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2027q1_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_operating_expense:upside/formula/refs/0 | None | upside_2027q1_ordinary_opex |
| /operating_model/cells/upside_2027q1_operating_expense:upside/formula/refs/1 | None | upside_2027q1_finance_interest |
| /operating_model/cells/upside_2027q1_operating_expense:upside/id | None | upside_2027q1_operating_expense |
| /operating_model/cells/upside_2027q1_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2027q1_operating_expense:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_operating_expense:upside/value | None | 178.40725 |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/id | None | upside_2027q1_ordinary_opex |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_ordinary_opex:upside/value | None | 168.0 |
| /operating_model/cells/upside_2027q1_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2027q1_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_other_insurance:upside/formula/refs/0 | None | upside_2027q1_gross_earned |
| /operating_model/cells/upside_2027q1_other_insurance:upside/formula/refs/1 | None | upside_2027q1_insurance_cost_ratio |
| /operating_model/cells/upside_2027q1_other_insurance:upside/id | None | upside_2027q1_other_insurance |
| /operating_model/cells/upside_2027q1_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2027q1_other_insurance:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_other_insurance:upside/value | None | 34.4 |
| /operating_model/cells/upside_2027q1_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_other_interest:upside/id | None | upside_2027q1_other_interest |
| /operating_model/cells/upside_2027q1_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2027q1_other_interest:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q1_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_other_revenue:upside/id | None | upside_2027q1_other_revenue |
| /operating_model/cells/upside_2027q1_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2027q1_other_revenue:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_other_revenue:upside/value | None | 15.0 |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/id | None | upside_2027q1_premium_receivables |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_premium_receivables:upside/value | None | 74.0 |
| /operating_model/cells/upside_2027q1_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2027q1_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_pretax:upside/formula/refs/0 | None | upside_2027q1_revenue |
| /operating_model/cells/upside_2027q1_pretax:upside/formula/refs/1 | None | upside_2027q1_total_cost |
| /operating_model/cells/upside_2027q1_pretax:upside/id | None | upside_2027q1_pretax |
| /operating_model/cells/upside_2027q1_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2027q1_pretax:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_pretax:upside/value | None | -32.24058333333335 |
| /operating_model/cells/upside_2027q1_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_prior_development:upside/id | None | upside_2027q1_prior_development |
| /operating_model/cells/upside_2027q1_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2027q1_prior_development:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_prior_development:upside/value | None | -0.01 |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/id | None | upside_2027q1_reinsurance_other |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_reinsurance_other:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q1_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2027q1_retention:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_retention:upside/id | None | upside_2027q1_retention |
| /operating_model/cells/upside_2027q1_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2027q1_retention:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_retention:upside/value | None | 0.7984496124031008 |
| /operating_model/cells/upside_2027q1_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2027q1_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0 | None | upside_2027q1_net_premium |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1 | None | upside_2027q1_ceding_commission |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/2 | None | upside_2027q1_investment_income |
| /operating_model/cells/upside_2027q1_revenue:upside/formula/refs/3 | None | upside_2027q1_other_revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/id | None | upside_2027q1_revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q1_revenue:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_revenue:upside/value | None | 390.0 |
| /operating_model/cells/upside_2027q1_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_sbc:upside/id | None | upside_2027q1_sbc |
| /operating_model/cells/upside_2027q1_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2027q1_sbc:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_sbc:upside/value | None | 26.0 |
| /operating_model/cells/upside_2027q1_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2027q1_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_total_cost:upside/formula/refs/0 | None | upside_2027q1_claims |
| /operating_model/cells/upside_2027q1_total_cost:upside/formula/refs/1 | None | upside_2027q1_other_insurance |
| /operating_model/cells/upside_2027q1_total_cost:upside/formula/refs/2 | None | upside_2027q1_operating_expense |
| /operating_model/cells/upside_2027q1_total_cost:upside/id | None | upside_2027q1_total_cost |
| /operating_model/cells/upside_2027q1_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2027q1_total_cost:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_total_cost:upside/value | None | 422.24058333333335 |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/id | None | upside_2027q1_unearned_inflow |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_unearned_inflow:upside/value | None | 76.0 |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/0 | None | upside_2027q2_ebitda_add |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/1 | None | upside_2027q2_ebitda_income_remove |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/id | None | upside_2027q2_adj_ebitda |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_adj_ebitda:upside/value | None | -2.7550000000000434 |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/id | None | upside_2027q2_attritional_loss |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_attritional_loss:upside/value | None | 0.545 |
| /operating_model/cells/upside_2027q2_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_bad_debt:upside/id | None | upside_2027q2_bad_debt |
| /operating_model/cells/upside_2027q2_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2027q2_bad_debt:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_bad_debt:upside/value | None | 8.0 |
| /operating_model/cells/upside_2027q2_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_capex:upside/id | None | upside_2027q2_capex |
| /operating_model/cells/upside_2027q2_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2027q2_capex:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_capex:upside/value | None | 6.5 |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/formula/refs/0 | None | upside_2027q2_fcf |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/formula/refs/1 | None | upside_2027q2_net_growth_financing |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/id | None | upside_2027q2_cash_after_financing |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_after_financing:upside/value | None | 4.496499999999957 |
| /operating_model/cells/upside_2027q2_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_tax:upside/id | None | upside_2027q2_cash_tax |
| /operating_model/cells/upside_2027q2_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2027q2_cash_tax:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_tax:upside/value | None | 2.1 |
| /operating_model/cells/upside_2027q2_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cat_loss:upside/id | None | upside_2027q2_cat_loss |
| /operating_model/cells/upside_2027q2_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2027q2_cat_loss:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_cat_loss:upside/value | None | 0.025 |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/formula/refs/0 | None | upside_2027q2_gross_earned |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/formula/refs/1 | None | upside_2027q2_net_premium |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/id | None | upside_2027q2_ceded_premium |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ceded_premium:upside/value | None | 92.0 |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/formula/refs/0 | None | upside_2027q2_ceded_premium |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/formula/refs/1 | None | upside_2027q2_commission_rate |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/id | None | upside_2027q2_ceding_commission |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ceding_commission:upside/value | None | 23.0 |
| /operating_model/cells/upside_2027q2_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2027q2_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0 | None | upside_2027q2_net_income |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1 | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/2 | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/3 | None | upside_2027q2_bad_debt |
| /operating_model/cells/upside_2027q2_cfo:upside/formula/refs/4 | None | upside_2027q2_insurance_wc |
| /operating_model/cells/upside_2027q2_cfo:upside/id | None | upside_2027q2_cfo |
| /operating_model/cells/upside_2027q2_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2027q2_cfo:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cfo:upside/value | None | 5.996499999999957 |
| /operating_model/cells/upside_2027q2_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2027q2_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_claims:upside/formula/refs/0 | None | upside_2027q2_net_premium |
| /operating_model/cells/upside_2027q2_claims:upside/formula/refs/1 | None | upside_2027q2_net_loss_ratio |
| /operating_model/cells/upside_2027q2_claims:upside/id | None | upside_2027q2_claims |
| /operating_model/cells/upside_2027q2_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2027q2_claims:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_claims:upside/value | None | 234.31500000000003 |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/id | None | upside_2027q2_claims_reserve_inflow |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_claims_reserve_inflow:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q2_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_commission_rate:upside/id | None | upside_2027q2_commission_rate |
| /operating_model/cells/upside_2027q2_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2027q2_commission_rate:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q2_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_da:upside/id | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2027q2_da:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_da:upside/value | None | 3.4 |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/formula/refs/0 | None | upside_2027q2_pretax |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/formula/refs/1 | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/formula/refs/2 | None | upside_2027q2_da |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/formula/refs/3 | None | upside_2027q2_finance_interest |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/id | None | upside_2027q2_ebitda_add |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ebitda_add:upside/value | None | 8.244999999999957 |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/formula/refs/0 | None | upside_2027q2_investment_income |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/formula/refs/1 | None | upside_2027q2_other_interest |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/id | None | upside_2027q2_ebitda_income_remove |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q2_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2027q2_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_fcf:upside/formula/refs/0 | None | upside_2027q2_cfo |
| /operating_model/cells/upside_2027q2_fcf:upside/formula/refs/1 | None | upside_2027q2_capex |
| /operating_model/cells/upside_2027q2_fcf:upside/id | None | upside_2027q2_fcf |
| /operating_model/cells/upside_2027q2_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2027q2_fcf:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_fcf:upside/value | None | -0.5035000000000434 |
| /operating_model/cells/upside_2027q2_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2027q2_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_finance_interest:upside/formula/refs/0 | None | upside_2027q2_gc_interest |
| /operating_model/cells/upside_2027q2_finance_interest:upside/formula/refs/1 | None | upside_2027q2_hannover_interest |
| /operating_model/cells/upside_2027q2_finance_interest:upside/id | None | upside_2027q2_finance_interest |
| /operating_model/cells/upside_2027q2_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2027q2_finance_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_finance_interest:upside/value | None | 10.148499999999999 |
| /operating_model/cells/upside_2027q2_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_advance:upside/id | None | upside_2027q2_gc_advance |
| /operating_model/cells/upside_2027q2_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2027q2_gc_advance:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/id | None | upside_2027q2_gc_annual_rate |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2027q2_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2027q2_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_gc_available:upside/formula/refs/0 | None | upside_2027q1_gc_ending |
| /operating_model/cells/upside_2027q2_gc_available:upside/formula/refs/1 | None | upside_2027q2_gc_advance |
| /operating_model/cells/upside_2027q2_gc_available:upside/id | None | upside_2027q2_gc_available |
| /operating_model/cells/upside_2027q2_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2027q2_gc_available:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_available:upside/value | None | 231.39999999999998 |
| /operating_model/cells/upside_2027q2_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q2_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_gc_average:upside/formula/refs/0 | None | upside_2027q2_gc_balance_sum |
| /operating_model/cells/upside_2027q2_gc_average:upside/formula/refs/1 | None | upside_2027q2_gc_half |
| /operating_model/cells/upside_2027q2_gc_average:upside/id | None | upside_2027q2_gc_average |
| /operating_model/cells/upside_2027q2_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2027q2_gc_average:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_average:upside/value | None | 213.89999999999998 |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/formula/refs/0 | None | upside_2027q1_gc_ending |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/formula/refs/1 | None | upside_2027q2_gc_ending |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/id | None | upside_2027q2_gc_balance_sum |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_balance_sum:upside/value | None | 427.79999999999995 |
| /operating_model/cells/upside_2027q2_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2027q2_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_gc_ending:upside/formula/refs/0 | None | upside_2027q2_gc_available |
| /operating_model/cells/upside_2027q2_gc_ending:upside/formula/refs/1 | None | upside_2027q2_gc_principal |
| /operating_model/cells/upside_2027q2_gc_ending:upside/id | None | upside_2027q2_gc_ending |
| /operating_model/cells/upside_2027q2_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2027q2_gc_ending:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_ending:upside/value | None | 196.39999999999998 |
| /operating_model/cells/upside_2027q2_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_half:upside/id | None | upside_2027q2_gc_half |
| /operating_model/cells/upside_2027q2_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q2_gc_half:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q2_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q2_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_gc_interest:upside/formula/refs/0 | None | upside_2027q2_gc_average |
| /operating_model/cells/upside_2027q2_gc_interest:upside/formula/refs/1 | None | upside_2027q2_gc_annual_rate |
| /operating_model/cells/upside_2027q2_gc_interest:upside/formula/refs/2 | None | upside_2027q2_gc_quarter |
| /operating_model/cells/upside_2027q2_gc_interest:upside/id | None | upside_2027q2_gc_interest |
| /operating_model/cells/upside_2027q2_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2027q2_gc_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_interest:upside/value | None | 8.556 |
| /operating_model/cells/upside_2027q2_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_principal:upside/id | None | upside_2027q2_gc_principal |
| /operating_model/cells/upside_2027q2_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2027q2_gc_principal:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gc_principal:upside/value | None | 35.0 |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/id | None | upside_2027q2_gc_quarter |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q2_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gp_da:upside/id | None | upside_2027q2_gp_da |
| /operating_model/cells/upside_2027q2_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2027q2_gp_da:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gp_da:upside/value | None | 0.65 |
| /operating_model/cells/upside_2027q2_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2027q2_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_gross_cost:upside/formula/refs/0 | None | upside_2027q2_claims |
| /operating_model/cells/upside_2027q2_gross_cost:upside/formula/refs/1 | None | upside_2027q2_other_insurance |
| /operating_model/cells/upside_2027q2_gross_cost:upside/formula/refs/2 | None | upside_2027q2_gp_da |
| /operating_model/cells/upside_2027q2_gross_cost:upside/id | None | upside_2027q2_gross_cost |
| /operating_model/cells/upside_2027q2_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2027q2_gross_cost:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gross_cost:upside/value | None | 272.805 |
| /operating_model/cells/upside_2027q2_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gross_earned:upside/id | None | upside_2027q2_gross_earned |
| /operating_model/cells/upside_2027q2_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2027q2_gross_earned:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gross_earned:upside/value | None | 473.0 |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/formula/refs/0 | None | upside_2027q2_attritional_loss |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/formula/refs/1 | None | upside_2027q2_cat_loss |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/formula/refs/2 | None | upside_2027q2_lae_ratio |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/formula/refs/3 | None | upside_2027q2_prior_development |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/id | None | upside_2027q2_gross_loss_ratio |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_gross_loss_ratio:upside/value | None | 0.6150000000000001 |
| /operating_model/cells/upside_2027q2_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2027q2_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/0 | None | upside_2027q2_revenue |
| /operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/1 | None | upside_2027q2_gross_cost |
| /operating_model/cells/upside_2027q2_gross_profit:upside/id | None | upside_2027q2_gross_profit |
| /operating_model/cells/upside_2027q2_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2027q2_gross_profit:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_gross_profit:upside/value | None | 157.195 |
| /operating_model/cells/upside_2027q2_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2027q2_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_growth_advances:upside/formula/refs/0 | None | upside_2027q2_gc_advance |
| /operating_model/cells/upside_2027q2_growth_advances:upside/formula/refs/1 | None | upside_2027q2_hannover_advance |
| /operating_model/cells/upside_2027q2_growth_advances:upside/id | None | upside_2027q2_growth_advances |
| /operating_model/cells/upside_2027q2_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2027q2_growth_advances:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_growth_advances:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q2_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2027q2_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_growth_principal:upside/formula/refs/0 | None | upside_2027q2_gc_principal |
| /operating_model/cells/upside_2027q2_growth_principal:upside/formula/refs/1 | None | upside_2027q2_hannover_principal |
| /operating_model/cells/upside_2027q2_growth_principal:upside/id | None | upside_2027q2_growth_principal |
| /operating_model/cells/upside_2027q2_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2027q2_growth_principal:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_growth_principal:upside/value | None | 40.0 |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/id | None | upside_2027q2_hannover_advance |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_advance:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/id | None | upside_2027q2_hannover_annual_rate |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2027q2_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2027q2_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_hannover_available:upside/formula/refs/0 | None | upside_2027q1_hannover_ending |
| /operating_model/cells/upside_2027q2_hannover_available:upside/formula/refs/1 | None | upside_2027q2_hannover_advance |
| /operating_model/cells/upside_2027q2_hannover_available:upside/id | None | upside_2027q2_hannover_available |
| /operating_model/cells/upside_2027q2_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2027q2_hannover_available:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_available:upside/value | None | 90.0 |
| /operating_model/cells/upside_2027q2_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q2_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_hannover_average:upside/formula/refs/0 | None | upside_2027q2_hannover_balance_sum |
| /operating_model/cells/upside_2027q2_hannover_average:upside/formula/refs/1 | None | upside_2027q2_hannover_half |
| /operating_model/cells/upside_2027q2_hannover_average:upside/id | None | upside_2027q2_hannover_average |
| /operating_model/cells/upside_2027q2_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2027q2_hannover_average:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_average:upside/value | None | 65.0 |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/formula/refs/0 | None | upside_2027q1_hannover_ending |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/formula/refs/1 | None | upside_2027q2_hannover_ending |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/id | None | upside_2027q2_hannover_balance_sum |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_balance_sum:upside/value | None | 130.0 |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/formula/refs/0 | None | upside_2027q2_hannover_available |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/formula/refs/1 | None | upside_2027q2_hannover_principal |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/id | None | upside_2027q2_hannover_ending |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_ending:upside/value | None | 85.0 |
| /operating_model/cells/upside_2027q2_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_half:upside/id | None | upside_2027q2_hannover_half |
| /operating_model/cells/upside_2027q2_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q2_hannover_half:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/formula/refs/0 | None | upside_2027q2_hannover_average |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/formula/refs/1 | None | upside_2027q2_hannover_annual_rate |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/formula/refs/2 | None | upside_2027q2_hannover_quarter |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/id | None | upside_2027q2_hannover_interest |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_interest:upside/value | None | 1.5925 |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/id | None | upside_2027q2_hannover_principal |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_hannover_principal:upside/value | None | 5.0 |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/id | None | upside_2027q2_hannover_quarter |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/id | None | upside_2027q2_insurance_cost_ratio |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/formula/refs/0 | None | upside_2027q2_unearned_inflow |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/formula/refs/1 | None | upside_2027q2_claims_reserve_inflow |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/id | None | upside_2027q2_insurance_inflows |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_insurance_inflows:upside/value | None | 94.0 |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/formula/refs/0 | None | upside_2027q2_premium_receivables |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/formula/refs/1 | None | upside_2027q2_reinsurance_other |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/id | None | upside_2027q2_insurance_uses |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_insurance_uses:upside/value | None | 92.0 |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/formula/refs/0 | None | upside_2027q2_insurance_inflows |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/formula/refs/1 | None | upside_2027q2_insurance_uses |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/id | None | upside_2027q2_insurance_wc |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q2_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_investment_income:upside/id | None | upside_2027q2_investment_income |
| /operating_model/cells/upside_2027q2_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2027q2_investment_income:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/id | None | upside_2027q2_lae_ratio |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/formula/refs/0 | None | upside_2027q2_growth_advances |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/formula/refs/1 | None | upside_2027q2_growth_principal |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/id | None | upside_2027q2_net_growth_financing |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_net_growth_financing:upside/value | None | 5.0 |
| /operating_model/cells/upside_2027q2_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2027q2_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_net_income:upside/formula/refs/0 | None | upside_2027q2_pretax |
| /operating_model/cells/upside_2027q2_net_income:upside/formula/refs/1 | None | upside_2027q2_cash_tax |
| /operating_model/cells/upside_2027q2_net_income:upside/id | None | upside_2027q2_net_income |
| /operating_model/cells/upside_2027q2_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2027q2_net_income:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_net_income:upside/value | None | -34.403500000000044 |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/formula/refs/0 | None | upside_2027q2_gross_loss_ratio |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/formula/refs/1 | None | upside_2027q2_net_reinsurance_basis |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/id | None | upside_2027q2_net_loss_ratio |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_net_loss_ratio:upside/value | None | 0.6150000000000001 |
| /operating_model/cells/upside_2027q2_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2027q2_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_net_premium:upside/formula/refs/0 | None | upside_2027q2_gross_earned |
| /operating_model/cells/upside_2027q2_net_premium:upside/formula/refs/1 | None | upside_2027q2_retention |
| /operating_model/cells/upside_2027q2_net_premium:upside/id | None | upside_2027q2_net_premium |
| /operating_model/cells/upside_2027q2_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2027q2_net_premium:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_net_premium:upside/value | None | 381.0 |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/id | None | upside_2027q2_net_reinsurance_basis |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2027q2_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_operating_expense:upside/formula/refs/0 | None | upside_2027q2_ordinary_opex |
| /operating_model/cells/upside_2027q2_operating_expense:upside/formula/refs/1 | None | upside_2027q2_finance_interest |
| /operating_model/cells/upside_2027q2_operating_expense:upside/id | None | upside_2027q2_operating_expense |
| /operating_model/cells/upside_2027q2_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2027q2_operating_expense:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_operating_expense:upside/value | None | 190.1485 |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/id | None | upside_2027q2_ordinary_opex |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_ordinary_opex:upside/value | None | 180.0 |
| /operating_model/cells/upside_2027q2_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2027q2_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_other_insurance:upside/formula/refs/0 | None | upside_2027q2_gross_earned |
| /operating_model/cells/upside_2027q2_other_insurance:upside/formula/refs/1 | None | upside_2027q2_insurance_cost_ratio |
| /operating_model/cells/upside_2027q2_other_insurance:upside/id | None | upside_2027q2_other_insurance |
| /operating_model/cells/upside_2027q2_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2027q2_other_insurance:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_other_insurance:upside/value | None | 37.84 |
| /operating_model/cells/upside_2027q2_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_other_interest:upside/id | None | upside_2027q2_other_interest |
| /operating_model/cells/upside_2027q2_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2027q2_other_interest:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q2_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_other_revenue:upside/id | None | upside_2027q2_other_revenue |
| /operating_model/cells/upside_2027q2_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2027q2_other_revenue:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_other_revenue:upside/value | None | 16.0 |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/id | None | upside_2027q2_premium_receivables |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_premium_receivables:upside/value | None | 81.0 |
| /operating_model/cells/upside_2027q2_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2027q2_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_pretax:upside/formula/refs/0 | None | upside_2027q2_revenue |
| /operating_model/cells/upside_2027q2_pretax:upside/formula/refs/1 | None | upside_2027q2_total_cost |
| /operating_model/cells/upside_2027q2_pretax:upside/id | None | upside_2027q2_pretax |
| /operating_model/cells/upside_2027q2_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2027q2_pretax:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_pretax:upside/value | None | -32.30350000000004 |
| /operating_model/cells/upside_2027q2_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_prior_development:upside/id | None | upside_2027q2_prior_development |
| /operating_model/cells/upside_2027q2_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2027q2_prior_development:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_prior_development:upside/value | None | -0.005 |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/id | None | upside_2027q2_reinsurance_other |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_reinsurance_other:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q2_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2027q2_retention:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_retention:upside/id | None | upside_2027q2_retention |
| /operating_model/cells/upside_2027q2_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2027q2_retention:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_retention:upside/value | None | 0.8054968287526427 |
| /operating_model/cells/upside_2027q2_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2027q2_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0 | None | upside_2027q2_net_premium |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1 | None | upside_2027q2_ceding_commission |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/2 | None | upside_2027q2_investment_income |
| /operating_model/cells/upside_2027q2_revenue:upside/formula/refs/3 | None | upside_2027q2_other_revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/id | None | upside_2027q2_revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q2_revenue:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_revenue:upside/value | None | 430.0 |
| /operating_model/cells/upside_2027q2_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_sbc:upside/id | None | upside_2027q2_sbc |
| /operating_model/cells/upside_2027q2_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2027q2_sbc:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_sbc:upside/value | None | 27.0 |
| /operating_model/cells/upside_2027q2_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2027q2_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_total_cost:upside/formula/refs/0 | None | upside_2027q2_claims |
| /operating_model/cells/upside_2027q2_total_cost:upside/formula/refs/1 | None | upside_2027q2_other_insurance |
| /operating_model/cells/upside_2027q2_total_cost:upside/formula/refs/2 | None | upside_2027q2_operating_expense |
| /operating_model/cells/upside_2027q2_total_cost:upside/id | None | upside_2027q2_total_cost |
| /operating_model/cells/upside_2027q2_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2027q2_total_cost:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_total_cost:upside/value | None | 462.30350000000004 |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/id | None | upside_2027q2_unearned_inflow |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_unearned_inflow:upside/value | None | 83.0 |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/0 | None | upside_2027q3_ebitda_add |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/1 | None | upside_2027q3_ebitda_income_remove |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/id | None | upside_2027q3_adj_ebitda |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_adj_ebitda:upside/value | None | -4.153333333333412 |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/id | None | upside_2027q3_attritional_loss |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_attritional_loss:upside/value | None | 0.54 |
| /operating_model/cells/upside_2027q3_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_bad_debt:upside/id | None | upside_2027q3_bad_debt |
| /operating_model/cells/upside_2027q3_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2027q3_bad_debt:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_bad_debt:upside/value | None | 8.5 |
| /operating_model/cells/upside_2027q3_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_capex:upside/id | None | upside_2027q3_capex |
| /operating_model/cells/upside_2027q3_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2027q3_capex:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_capex:upside/value | None | 7.0 |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/formula/refs/0 | None | upside_2027q3_fcf |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/formula/refs/1 | None | upside_2027q3_net_growth_financing |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/id | None | upside_2027q3_cash_after_financing |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_after_financing:upside/value | None | -1.6205833333334088 |
| /operating_model/cells/upside_2027q3_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_tax:upside/id | None | upside_2027q3_cash_tax |
| /operating_model/cells/upside_2027q3_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2027q3_cash_tax:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_tax:upside/value | None | 2.3 |
| /operating_model/cells/upside_2027q3_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cat_loss:upside/id | None | upside_2027q3_cat_loss |
| /operating_model/cells/upside_2027q3_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2027q3_cat_loss:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_cat_loss:upside/value | None | 0.03 |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/formula/refs/0 | None | upside_2027q3_gross_earned |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/formula/refs/1 | None | upside_2027q3_net_premium |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/id | None | upside_2027q3_ceded_premium |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ceded_premium:upside/value | None | 97.33333333333331 |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/formula/refs/0 | None | upside_2027q3_ceded_premium |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/formula/refs/1 | None | upside_2027q3_commission_rate |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/id | None | upside_2027q3_ceding_commission |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ceding_commission:upside/value | None | 24.33333333333333 |
| /operating_model/cells/upside_2027q3_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2027q3_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0 | None | upside_2027q3_net_income |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1 | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/2 | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/3 | None | upside_2027q3_bad_debt |
| /operating_model/cells/upside_2027q3_cfo:upside/formula/refs/4 | None | upside_2027q3_insurance_wc |
| /operating_model/cells/upside_2027q3_cfo:upside/id | None | upside_2027q3_cfo |
| /operating_model/cells/upside_2027q3_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2027q3_cfo:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cfo:upside/value | None | 5.379416666666591 |
| /operating_model/cells/upside_2027q3_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2027q3_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_claims:upside/formula/refs/0 | None | upside_2027q3_net_premium |
| /operating_model/cells/upside_2027q3_claims:upside/formula/refs/1 | None | upside_2027q3_net_loss_ratio |
| /operating_model/cells/upside_2027q3_claims:upside/id | None | upside_2027q3_claims |
| /operating_model/cells/upside_2027q3_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2027q3_claims:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_claims:upside/value | None | 263.9133333333334 |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/id | None | upside_2027q3_claims_reserve_inflow |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_claims_reserve_inflow:upside/value | None | 12.0 |
| /operating_model/cells/upside_2027q3_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_commission_rate:upside/id | None | upside_2027q3_commission_rate |
| /operating_model/cells/upside_2027q3_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2027q3_commission_rate:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q3_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_da:upside/id | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2027q3_da:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_da:upside/value | None | 3.5999999999999996 |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/formula/refs/0 | None | upside_2027q3_pretax |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/formula/refs/1 | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/formula/refs/2 | None | upside_2027q3_da |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/formula/refs/3 | None | upside_2027q3_finance_interest |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/id | None | upside_2027q3_ebitda_add |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ebitda_add:upside/value | None | 6.846666666666588 |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/formula/refs/0 | None | upside_2027q3_investment_income |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/formula/refs/1 | None | upside_2027q3_other_interest |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/id | None | upside_2027q3_ebitda_income_remove |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q3_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2027q3_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_fcf:upside/formula/refs/0 | None | upside_2027q3_cfo |
| /operating_model/cells/upside_2027q3_fcf:upside/formula/refs/1 | None | upside_2027q3_capex |
| /operating_model/cells/upside_2027q3_fcf:upside/id | None | upside_2027q3_fcf |
| /operating_model/cells/upside_2027q3_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2027q3_fcf:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_fcf:upside/value | None | -1.6205833333334088 |
| /operating_model/cells/upside_2027q3_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2027q3_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_finance_interest:upside/formula/refs/0 | None | upside_2027q3_gc_interest |
| /operating_model/cells/upside_2027q3_finance_interest:upside/formula/refs/1 | None | upside_2027q3_hannover_interest |
| /operating_model/cells/upside_2027q3_finance_interest:upside/id | None | upside_2027q3_finance_interest |
| /operating_model/cells/upside_2027q3_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2027q3_finance_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_finance_interest:upside/value | None | 9.66725 |
| /operating_model/cells/upside_2027q3_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_advance:upside/id | None | upside_2027q3_gc_advance |
| /operating_model/cells/upside_2027q3_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2027q3_gc_advance:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/id | None | upside_2027q3_gc_annual_rate |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2027q3_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2027q3_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_gc_available:upside/formula/refs/0 | None | upside_2027q2_gc_ending |
| /operating_model/cells/upside_2027q3_gc_available:upside/formula/refs/1 | None | upside_2027q3_gc_advance |
| /operating_model/cells/upside_2027q3_gc_available:upside/id | None | upside_2027q3_gc_available |
| /operating_model/cells/upside_2027q3_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2027q3_gc_available:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_available:upside/value | None | 196.39999999999998 |
| /operating_model/cells/upside_2027q3_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q3_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_gc_average:upside/formula/refs/0 | None | upside_2027q3_gc_balance_sum |
| /operating_model/cells/upside_2027q3_gc_average:upside/formula/refs/1 | None | upside_2027q3_gc_half |
| /operating_model/cells/upside_2027q3_gc_average:upside/id | None | upside_2027q3_gc_average |
| /operating_model/cells/upside_2027q3_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2027q3_gc_average:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_average:upside/value | None | 178.89999999999998 |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/formula/refs/0 | None | upside_2027q2_gc_ending |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/formula/refs/1 | None | upside_2027q3_gc_ending |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/id | None | upside_2027q3_gc_balance_sum |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_balance_sum:upside/value | None | 357.79999999999995 |
| /operating_model/cells/upside_2027q3_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2027q3_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_gc_ending:upside/formula/refs/0 | None | upside_2027q3_gc_available |
| /operating_model/cells/upside_2027q3_gc_ending:upside/formula/refs/1 | None | upside_2027q3_gc_principal |
| /operating_model/cells/upside_2027q3_gc_ending:upside/id | None | upside_2027q3_gc_ending |
| /operating_model/cells/upside_2027q3_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2027q3_gc_ending:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_ending:upside/value | None | 161.39999999999998 |
| /operating_model/cells/upside_2027q3_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_half:upside/id | None | upside_2027q3_gc_half |
| /operating_model/cells/upside_2027q3_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q3_gc_half:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q3_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q3_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_gc_interest:upside/formula/refs/0 | None | upside_2027q3_gc_average |
| /operating_model/cells/upside_2027q3_gc_interest:upside/formula/refs/1 | None | upside_2027q3_gc_annual_rate |
| /operating_model/cells/upside_2027q3_gc_interest:upside/formula/refs/2 | None | upside_2027q3_gc_quarter |
| /operating_model/cells/upside_2027q3_gc_interest:upside/id | None | upside_2027q3_gc_interest |
| /operating_model/cells/upside_2027q3_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2027q3_gc_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_interest:upside/value | None | 7.155999999999999 |
| /operating_model/cells/upside_2027q3_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_principal:upside/id | None | upside_2027q3_gc_principal |
| /operating_model/cells/upside_2027q3_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2027q3_gc_principal:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gc_principal:upside/value | None | 35.0 |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/id | None | upside_2027q3_gc_quarter |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q3_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gp_da:upside/id | None | upside_2027q3_gp_da |
| /operating_model/cells/upside_2027q3_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2027q3_gp_da:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gp_da:upside/value | None | 0.7 |
| /operating_model/cells/upside_2027q3_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2027q3_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_gross_cost:upside/formula/refs/0 | None | upside_2027q3_claims |
| /operating_model/cells/upside_2027q3_gross_cost:upside/formula/refs/1 | None | upside_2027q3_other_insurance |
| /operating_model/cells/upside_2027q3_gross_cost:upside/formula/refs/2 | None | upside_2027q3_gp_da |
| /operating_model/cells/upside_2027q3_gross_cost:upside/id | None | upside_2027q3_gross_cost |
| /operating_model/cells/upside_2027q3_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2027q3_gross_cost:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gross_cost:upside/value | None | 306.45333333333343 |
| /operating_model/cells/upside_2027q3_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gross_earned:upside/id | None | upside_2027q3_gross_earned |
| /operating_model/cells/upside_2027q3_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2027q3_gross_earned:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gross_earned:upside/value | None | 523.0 |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/formula/refs/0 | None | upside_2027q3_attritional_loss |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/formula/refs/1 | None | upside_2027q3_cat_loss |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/formula/refs/2 | None | upside_2027q3_lae_ratio |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/formula/refs/3 | None | upside_2027q3_prior_development |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/id | None | upside_2027q3_gross_loss_ratio |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_gross_loss_ratio:upside/value | None | 0.6200000000000001 |
| /operating_model/cells/upside_2027q3_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2027q3_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/0 | None | upside_2027q3_revenue |
| /operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/1 | None | upside_2027q3_gross_cost |
| /operating_model/cells/upside_2027q3_gross_profit:upside/id | None | upside_2027q3_gross_profit |
| /operating_model/cells/upside_2027q3_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2027q3_gross_profit:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_gross_profit:upside/value | None | 170.54666666666657 |
| /operating_model/cells/upside_2027q3_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2027q3_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_growth_advances:upside/formula/refs/0 | None | upside_2027q3_gc_advance |
| /operating_model/cells/upside_2027q3_growth_advances:upside/formula/refs/1 | None | upside_2027q3_hannover_advance |
| /operating_model/cells/upside_2027q3_growth_advances:upside/id | None | upside_2027q3_growth_advances |
| /operating_model/cells/upside_2027q3_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2027q3_growth_advances:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_growth_advances:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q3_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2027q3_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_growth_principal:upside/formula/refs/0 | None | upside_2027q3_gc_principal |
| /operating_model/cells/upside_2027q3_growth_principal:upside/formula/refs/1 | None | upside_2027q3_hannover_principal |
| /operating_model/cells/upside_2027q3_growth_principal:upside/id | None | upside_2027q3_growth_principal |
| /operating_model/cells/upside_2027q3_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2027q3_growth_principal:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_growth_principal:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/id | None | upside_2027q3_hannover_advance |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_advance:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/id | None | upside_2027q3_hannover_annual_rate |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2027q3_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2027q3_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_hannover_available:upside/formula/refs/0 | None | upside_2027q2_hannover_ending |
| /operating_model/cells/upside_2027q3_hannover_available:upside/formula/refs/1 | None | upside_2027q3_hannover_advance |
| /operating_model/cells/upside_2027q3_hannover_available:upside/id | None | upside_2027q3_hannover_available |
| /operating_model/cells/upside_2027q3_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2027q3_hannover_available:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_available:upside/value | None | 130.0 |
| /operating_model/cells/upside_2027q3_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q3_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_hannover_average:upside/formula/refs/0 | None | upside_2027q3_hannover_balance_sum |
| /operating_model/cells/upside_2027q3_hannover_average:upside/formula/refs/1 | None | upside_2027q3_hannover_half |
| /operating_model/cells/upside_2027q3_hannover_average:upside/id | None | upside_2027q3_hannover_average |
| /operating_model/cells/upside_2027q3_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2027q3_hannover_average:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_average:upside/value | None | 102.5 |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/formula/refs/0 | None | upside_2027q2_hannover_ending |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/formula/refs/1 | None | upside_2027q3_hannover_ending |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/id | None | upside_2027q3_hannover_balance_sum |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_balance_sum:upside/value | None | 205.0 |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/formula/refs/0 | None | upside_2027q3_hannover_available |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/formula/refs/1 | None | upside_2027q3_hannover_principal |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/id | None | upside_2027q3_hannover_ending |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_ending:upside/value | None | 120.0 |
| /operating_model/cells/upside_2027q3_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_half:upside/id | None | upside_2027q3_hannover_half |
| /operating_model/cells/upside_2027q3_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q3_hannover_half:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/formula/refs/0 | None | upside_2027q3_hannover_average |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/formula/refs/1 | None | upside_2027q3_hannover_annual_rate |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/formula/refs/2 | None | upside_2027q3_hannover_quarter |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/id | None | upside_2027q3_hannover_interest |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_interest:upside/value | None | 2.51125 |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/id | None | upside_2027q3_hannover_principal |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_hannover_principal:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/id | None | upside_2027q3_hannover_quarter |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/id | None | upside_2027q3_insurance_cost_ratio |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/formula/refs/0 | None | upside_2027q3_unearned_inflow |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/formula/refs/1 | None | upside_2027q3_claims_reserve_inflow |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/id | None | upside_2027q3_insurance_inflows |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_insurance_inflows:upside/value | None | 102.0 |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/formula/refs/0 | None | upside_2027q3_premium_receivables |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/formula/refs/1 | None | upside_2027q3_reinsurance_other |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/id | None | upside_2027q3_insurance_uses |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_insurance_uses:upside/value | None | 100.0 |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/formula/refs/0 | None | upside_2027q3_insurance_inflows |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/formula/refs/1 | None | upside_2027q3_insurance_uses |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/id | None | upside_2027q3_insurance_wc |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q3_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_investment_income:upside/id | None | upside_2027q3_investment_income |
| /operating_model/cells/upside_2027q3_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2027q3_investment_income:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/id | None | upside_2027q3_lae_ratio |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/formula/refs/0 | None | upside_2027q3_growth_advances |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/formula/refs/1 | None | upside_2027q3_growth_principal |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/id | None | upside_2027q3_net_growth_financing |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_net_growth_financing:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2027q3_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_net_income:upside/formula/refs/0 | None | upside_2027q3_pretax |
| /operating_model/cells/upside_2027q3_net_income:upside/formula/refs/1 | None | upside_2027q3_cash_tax |
| /operating_model/cells/upside_2027q3_net_income:upside/id | None | upside_2027q3_net_income |
| /operating_model/cells/upside_2027q3_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2027q3_net_income:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_net_income:upside/value | None | -36.72058333333341 |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/formula/refs/0 | None | upside_2027q3_gross_loss_ratio |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/formula/refs/1 | None | upside_2027q3_net_reinsurance_basis |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/id | None | upside_2027q3_net_loss_ratio |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_net_loss_ratio:upside/value | None | 0.6200000000000001 |
| /operating_model/cells/upside_2027q3_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2027q3_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_net_premium:upside/formula/refs/0 | None | upside_2027q3_gross_earned |
| /operating_model/cells/upside_2027q3_net_premium:upside/formula/refs/1 | None | upside_2027q3_retention |
| /operating_model/cells/upside_2027q3_net_premium:upside/id | None | upside_2027q3_net_premium |
| /operating_model/cells/upside_2027q3_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2027q3_net_premium:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_net_premium:upside/value | None | 425.6666666666667 |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/id | None | upside_2027q3_net_reinsurance_basis |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2027q3_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_operating_expense:upside/formula/refs/0 | None | upside_2027q3_ordinary_opex |
| /operating_model/cells/upside_2027q3_operating_expense:upside/formula/refs/1 | None | upside_2027q3_finance_interest |
| /operating_model/cells/upside_2027q3_operating_expense:upside/id | None | upside_2027q3_operating_expense |
| /operating_model/cells/upside_2027q3_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2027q3_operating_expense:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_operating_expense:upside/value | None | 205.66725 |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/id | None | upside_2027q3_ordinary_opex |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_ordinary_opex:upside/value | None | 196.0 |
| /operating_model/cells/upside_2027q3_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2027q3_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_other_insurance:upside/formula/refs/0 | None | upside_2027q3_gross_earned |
| /operating_model/cells/upside_2027q3_other_insurance:upside/formula/refs/1 | None | upside_2027q3_insurance_cost_ratio |
| /operating_model/cells/upside_2027q3_other_insurance:upside/id | None | upside_2027q3_other_insurance |
| /operating_model/cells/upside_2027q3_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2027q3_other_insurance:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_other_insurance:upside/value | None | 41.84 |
| /operating_model/cells/upside_2027q3_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_other_interest:upside/id | None | upside_2027q3_other_interest |
| /operating_model/cells/upside_2027q3_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2027q3_other_interest:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q3_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_other_revenue:upside/id | None | upside_2027q3_other_revenue |
| /operating_model/cells/upside_2027q3_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2027q3_other_revenue:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_other_revenue:upside/value | None | 17.0 |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/id | None | upside_2027q3_premium_receivables |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_premium_receivables:upside/value | None | 88.0 |
| /operating_model/cells/upside_2027q3_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2027q3_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_pretax:upside/formula/refs/0 | None | upside_2027q3_revenue |
| /operating_model/cells/upside_2027q3_pretax:upside/formula/refs/1 | None | upside_2027q3_total_cost |
| /operating_model/cells/upside_2027q3_pretax:upside/id | None | upside_2027q3_pretax |
| /operating_model/cells/upside_2027q3_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2027q3_pretax:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_pretax:upside/value | None | -34.42058333333341 |
| /operating_model/cells/upside_2027q3_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_prior_development:upside/id | None | upside_2027q3_prior_development |
| /operating_model/cells/upside_2027q3_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2027q3_prior_development:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_prior_development:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/id | None | upside_2027q3_reinsurance_other |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_reinsurance_other:upside/value | None | 12.0 |
| /operating_model/cells/upside_2027q3_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2027q3_retention:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_retention:upside/id | None | upside_2027q3_retention |
| /operating_model/cells/upside_2027q3_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2027q3_retention:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_retention:upside/value | None | 0.8138942001274697 |
| /operating_model/cells/upside_2027q3_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2027q3_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0 | None | upside_2027q3_net_premium |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1 | None | upside_2027q3_ceding_commission |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/2 | None | upside_2027q3_investment_income |
| /operating_model/cells/upside_2027q3_revenue:upside/formula/refs/3 | None | upside_2027q3_other_revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/id | None | upside_2027q3_revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q3_revenue:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_revenue:upside/value | None | 477.0 |
| /operating_model/cells/upside_2027q3_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_sbc:upside/id | None | upside_2027q3_sbc |
| /operating_model/cells/upside_2027q3_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2027q3_sbc:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_sbc:upside/value | None | 28.0 |
| /operating_model/cells/upside_2027q3_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2027q3_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_total_cost:upside/formula/refs/0 | None | upside_2027q3_claims |
| /operating_model/cells/upside_2027q3_total_cost:upside/formula/refs/1 | None | upside_2027q3_other_insurance |
| /operating_model/cells/upside_2027q3_total_cost:upside/formula/refs/2 | None | upside_2027q3_operating_expense |
| /operating_model/cells/upside_2027q3_total_cost:upside/id | None | upside_2027q3_total_cost |
| /operating_model/cells/upside_2027q3_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2027q3_total_cost:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_total_cost:upside/value | None | 511.4205833333334 |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/id | None | upside_2027q3_unearned_inflow |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_unearned_inflow:upside/value | None | 90.0 |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/basis | None | SBC, D&A and growth-financing interest removed under company definition. |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/0 | None | upside_2027q4_ebitda_add |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/1 | None | upside_2027q4_ebitda_income_remove |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/id | None | upside_2027q4_adj_ebitda |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/label | None | Adjusted EBITDA proxy |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_adj_ebitda:upside/value | None | -1.3233333333333341 |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/id | None | upside_2027q4_attritional_loss |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/label | None | Attritional loss ratio |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_attritional_loss:upside/value | None | 0.535 |
| /operating_model/cells/upside_2027q4_bad_debt:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_bad_debt:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_bad_debt:upside/id | None | upside_2027q4_bad_debt |
| /operating_model/cells/upside_2027q4_bad_debt:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_bad_debt:upside/label | None | Noncash premium bad-debt allowance |
| /operating_model/cells/upside_2027q4_bad_debt:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_bad_debt:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_bad_debt:upside/value | None | 9.0 |
| /operating_model/cells/upside_2027q4_capex:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_capex:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_capex:upside/id | None | upside_2027q4_capex |
| /operating_model/cells/upside_2027q4_capex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_capex:upside/label | None | Cash capex |
| /operating_model/cells/upside_2027q4_capex:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_capex:upside/value | None | 7.5 |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/basis | None | Company-style adjusted FCF perimeter, with financing disclosed separately. |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/formula/refs/0 | None | upside_2027q4_fcf |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/formula/refs/1 | None | upside_2027q4_net_growth_financing |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/id | None | upside_2027q4_cash_after_financing |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/label | None | Cash after net growth borrowing |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_after_financing:upside/value | None | 1.5131666666666668 |
| /operating_model/cells/upside_2027q4_cash_tax:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_cash_tax:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_tax:upside/id | None | upside_2027q4_cash_tax |
| /operating_model/cells/upside_2027q4_cash_tax:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_cash_tax:upside/label | None | Income tax cash/expense allowance |
| /operating_model/cells/upside_2027q4_cash_tax:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_tax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_tax:upside/value | None | 2.5 |
| /operating_model/cells/upside_2027q4_cat_loss:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_cat_loss:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cat_loss:upside/id | None | upside_2027q4_cat_loss |
| /operating_model/cells/upside_2027q4_cat_loss:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_cat_loss:upside/label | None | Catastrophe loss ratio |
| /operating_model/cells/upside_2027q4_cat_loss:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cat_loss:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_cat_loss:upside/value | None | 0.025 |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/basis | None | Premium transferred to external reinsurers in the consolidated revenue model. |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/formula/refs/0 | None | upside_2027q4_gross_earned |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/formula/refs/1 | None | upside_2027q4_net_premium |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/id | None | upside_2027q4_ceded_premium |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/label | None | Ceded earned premium |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ceded_premium:upside/value | None | 102.66666666666663 |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/basis | None | Desk blended commission rate, not a claim about each treaty. |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/formula/refs/0 | None | upside_2027q4_ceded_premium |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/formula/refs/1 | None | upside_2027q4_commission_rate |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/id | None | upside_2027q4_ceding_commission |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/label | None | Ceding commission income |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ceding_commission:upside/value | None | 25.666666666666657 |
| /operating_model/cells/upside_2027q4_cfo:upside/basis | None | Financing interest remains cash cost; advances and principal excluded. |
| /operating_model/cells/upside_2027q4_cfo:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0 | None | upside_2027q4_net_income |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1 | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/2 | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/3 | None | upside_2027q4_bad_debt |
| /operating_model/cells/upside_2027q4_cfo:upside/formula/refs/4 | None | upside_2027q4_insurance_wc |
| /operating_model/cells/upside_2027q4_cfo:upside/id | None | upside_2027q4_cfo |
| /operating_model/cells/upside_2027q4_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cfo:upside/label | None | Operating cash flow proxy |
| /operating_model/cells/upside_2027q4_cfo:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cfo:upside/value | None | 9.013166666666667 |
| /operating_model/cells/upside_2027q4_claims:upside/basis | None | Loss ratio includes ordinary claims handling economics. |
| /operating_model/cells/upside_2027q4_claims:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_claims:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_claims:upside/formula/refs/0 | None | upside_2027q4_net_premium |
| /operating_model/cells/upside_2027q4_claims:upside/formula/refs/1 | None | upside_2027q4_net_loss_ratio |
| /operating_model/cells/upside_2027q4_claims:upside/id | None | upside_2027q4_claims |
| /operating_model/cells/upside_2027q4_claims:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_claims:upside/label | None | Net losses and adjustment expense |
| /operating_model/cells/upside_2027q4_claims:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_claims:upside/value | None | 288.1233333333334 |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/id | None | upside_2027q4_claims_reserve_inflow |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/label | None | Claims reserve cash inflow |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_claims_reserve_inflow:upside/value | None | 13.0 |
| /operating_model/cells/upside_2027q4_commission_rate:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_commission_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_commission_rate:upside/id | None | upside_2027q4_commission_rate |
| /operating_model/cells/upside_2027q4_commission_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_commission_rate:upside/label | None | Ceding commission / ceded premium |
| /operating_model/cells/upside_2027q4_commission_rate:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_commission_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_commission_rate:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q4_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_da:upside/id | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_da:upside/label | None | Total depreciation and amortization |
| /operating_model/cells/upside_2027q4_da:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_da:upside/value | None | 3.8 |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/basis | None | No tax addback needed starting from pretax. |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/formula/refs/0 | None | upside_2027q4_pretax |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/formula/refs/1 | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/formula/refs/2 | None | upside_2027q4_da |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/formula/refs/3 | None | upside_2027q4_finance_interest |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/id | None | upside_2027q4_ebitda_add |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/label | None | Pretax plus noncash and financing addbacks |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ebitda_add:upside/value | None | 9.676666666666666 |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/basis | None | No repeat of ERC or pre-acquisition claims recoveries. |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/formula/refs/0 | None | upside_2027q4_investment_income |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/formula/refs/1 | None | upside_2027q4_other_interest |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/id | None | upside_2027q4_ebitda_income_remove |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/label | None | Excluded investment and other interest |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ebitda_income_remove:upside/value | None | 11.0 |
| /operating_model/cells/upside_2027q4_fcf:upside/basis | None | No debt proceeds included. |
| /operating_model/cells/upside_2027q4_fcf:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_fcf:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_fcf:upside/formula/refs/0 | None | upside_2027q4_cfo |
| /operating_model/cells/upside_2027q4_fcf:upside/formula/refs/1 | None | upside_2027q4_capex |
| /operating_model/cells/upside_2027q4_fcf:upside/id | None | upside_2027q4_fcf |
| /operating_model/cells/upside_2027q4_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_fcf:upside/label | None | Unfinanced free cash flow |
| /operating_model/cells/upside_2027q4_fcf:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_fcf:upside/value | None | 1.5131666666666668 |
| /operating_model/cells/upside_2027q4_finance_interest:upside/basis | None | Old and new financing coexist. |
| /operating_model/cells/upside_2027q4_finance_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_finance_interest:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_finance_interest:upside/formula/refs/0 | None | upside_2027q4_gc_interest |
| /operating_model/cells/upside_2027q4_finance_interest:upside/formula/refs/1 | None | upside_2027q4_hannover_interest |
| /operating_model/cells/upside_2027q4_finance_interest:upside/id | None | upside_2027q4_finance_interest |
| /operating_model/cells/upside_2027q4_finance_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_finance_interest:upside/label | None | Growth-financing interest |
| /operating_model/cells/upside_2027q4_finance_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_finance_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_finance_interest:upside/value | None | 9.163499999999999 |
| /operating_model/cells/upside_2027q4_gc_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gc_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_advance:upside/id | None | upside_2027q4_gc_advance |
| /operating_model/cells/upside_2027q4_gc_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gc_advance:upside/label | None | General Catalyst new advances |
| /operating_model/cells/upside_2027q4_gc_advance:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_advance:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/id | None | upside_2027q4_gc_annual_rate |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/label | None | gc annual financing rate |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_gc_annual_rate:upside/value | None | 0.16 |
| /operating_model/cells/upside_2027q4_gc_available:upside/basis | None | Old cohorts remain outstanding after funding switches. |
| /operating_model/cells/upside_2027q4_gc_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_gc_available:upside/formula/refs/0 | None | upside_2027q3_gc_ending |
| /operating_model/cells/upside_2027q4_gc_available:upside/formula/refs/1 | None | upside_2027q4_gc_advance |
| /operating_model/cells/upside_2027q4_gc_available:upside/id | None | upside_2027q4_gc_available |
| /operating_model/cells/upside_2027q4_gc_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gc_available:upside/label | None | GC opening plus advances |
| /operating_model/cells/upside_2027q4_gc_available:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_available:upside/value | None | 161.39999999999998 |
| /operating_model/cells/upside_2027q4_gc_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q4_gc_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_gc_average:upside/formula/refs/0 | None | upside_2027q4_gc_balance_sum |
| /operating_model/cells/upside_2027q4_gc_average:upside/formula/refs/1 | None | upside_2027q4_gc_half |
| /operating_model/cells/upside_2027q4_gc_average:upside/id | None | upside_2027q4_gc_average |
| /operating_model/cells/upside_2027q4_gc_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gc_average:upside/label | None | Average gc borrowing |
| /operating_model/cells/upside_2027q4_gc_average:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_average:upside/value | None | 146.39999999999998 |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/formula/refs/0 | None | upside_2027q3_gc_ending |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/formula/refs/1 | None | upside_2027q4_gc_ending |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/id | None | upside_2027q4_gc_balance_sum |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/label | None | Opening plus closing gc balance |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_balance_sum:upside/value | None | 292.79999999999995 |
| /operating_model/cells/upside_2027q4_gc_ending:upside/basis | None | No debt extinguishment on January 2027 transition. |
| /operating_model/cells/upside_2027q4_gc_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_gc_ending:upside/formula/refs/0 | None | upside_2027q4_gc_available |
| /operating_model/cells/upside_2027q4_gc_ending:upside/formula/refs/1 | None | upside_2027q4_gc_principal |
| /operating_model/cells/upside_2027q4_gc_ending:upside/id | None | upside_2027q4_gc_ending |
| /operating_model/cells/upside_2027q4_gc_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gc_ending:upside/label | None | General Catalyst ending borrowing |
| /operating_model/cells/upside_2027q4_gc_ending:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_ending:upside/value | None | 131.39999999999998 |
| /operating_model/cells/upside_2027q4_gc_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gc_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_half:upside/id | None | upside_2027q4_gc_half |
| /operating_model/cells/upside_2027q4_gc_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gc_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q4_gc_half:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_gc_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q4_gc_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q4_gc_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_gc_interest:upside/formula/refs/0 | None | upside_2027q4_gc_average |
| /operating_model/cells/upside_2027q4_gc_interest:upside/formula/refs/1 | None | upside_2027q4_gc_annual_rate |
| /operating_model/cells/upside_2027q4_gc_interest:upside/formula/refs/2 | None | upside_2027q4_gc_quarter |
| /operating_model/cells/upside_2027q4_gc_interest:upside/id | None | upside_2027q4_gc_interest |
| /operating_model/cells/upside_2027q4_gc_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gc_interest:upside/label | None | gc interest |
| /operating_model/cells/upside_2027q4_gc_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_interest:upside/value | None | 5.855999999999999 |
| /operating_model/cells/upside_2027q4_gc_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gc_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_principal:upside/id | None | upside_2027q4_gc_principal |
| /operating_model/cells/upside_2027q4_gc_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gc_principal:upside/label | None | General Catalyst principal repayment |
| /operating_model/cells/upside_2027q4_gc_principal:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gc_principal:upside/value | None | 30.0 |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/id | None | upside_2027q4_gc_quarter |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_gc_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q4_gp_da:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gp_da:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gp_da:upside/id | None | upside_2027q4_gp_da |
| /operating_model/cells/upside_2027q4_gp_da:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gp_da:upside/label | None | D&A allocated to gross profit |
| /operating_model/cells/upside_2027q4_gp_da:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gp_da:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gp_da:upside/value | None | 0.75 |
| /operating_model/cells/upside_2027q4_gross_cost:upside/basis | None | Gross-profit presentation allocates part of D&A already within company departmental costs. |
| /operating_model/cells/upside_2027q4_gross_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gross_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_gross_cost:upside/formula/refs/0 | None | upside_2027q4_claims |
| /operating_model/cells/upside_2027q4_gross_cost:upside/formula/refs/1 | None | upside_2027q4_other_insurance |
| /operating_model/cells/upside_2027q4_gross_cost:upside/formula/refs/2 | None | upside_2027q4_gp_da |
| /operating_model/cells/upside_2027q4_gross_cost:upside/id | None | upside_2027q4_gross_cost |
| /operating_model/cells/upside_2027q4_gross_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gross_cost:upside/label | None | Claims insurance cost and allocated D&A |
| /operating_model/cells/upside_2027q4_gross_cost:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gross_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gross_cost:upside/value | None | 334.8733333333334 |
| /operating_model/cells/upside_2027q4_gross_earned:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gross_earned:upside/id | None | upside_2027q4_gross_earned |
| /operating_model/cells/upside_2027q4_gross_earned:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_gross_earned:upside/label | None | Gross earned premium |
| /operating_model/cells/upside_2027q4_gross_earned:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gross_earned:upside/value | None | 575.0 |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/basis | None | Does not extrapolate Q2 favorable development of seven points indefinitely. |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/formula/refs/0 | None | upside_2027q4_attritional_loss |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/formula/refs/1 | None | upside_2027q4_cat_loss |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/formula/refs/2 | None | upside_2027q4_lae_ratio |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/formula/refs/3 | None | upside_2027q4_prior_development |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/id | None | upside_2027q4_gross_loss_ratio |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/label | None | Gross loss ratio proxy |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_gross_loss_ratio:upside/value | None | 0.6100000000000001 |
| /operating_model/cells/upside_2027q4_gross_profit:upside/basis | None | Allocated D&A is not deducted twice from pretax income. |
| /operating_model/cells/upside_2027q4_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_gross_profit:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/0 | None | upside_2027q4_revenue |
| /operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/1 | None | upside_2027q4_gross_cost |
| /operating_model/cells/upside_2027q4_gross_profit:upside/id | None | upside_2027q4_gross_profit |
| /operating_model/cells/upside_2027q4_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_gross_profit:upside/label | None | GAAP gross profit proxy |
| /operating_model/cells/upside_2027q4_gross_profit:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_gross_profit:upside/value | None | 191.1266666666666 |
| /operating_model/cells/upside_2027q4_growth_advances:upside/basis | None | Subject to contract eligibility and caps. |
| /operating_model/cells/upside_2027q4_growth_advances:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_growth_advances:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_growth_advances:upside/formula/refs/0 | None | upside_2027q4_gc_advance |
| /operating_model/cells/upside_2027q4_growth_advances:upside/formula/refs/1 | None | upside_2027q4_hannover_advance |
| /operating_model/cells/upside_2027q4_growth_advances:upside/id | None | upside_2027q4_growth_advances |
| /operating_model/cells/upside_2027q4_growth_advances:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_growth_advances:upside/label | None | New growth advances |
| /operating_model/cells/upside_2027q4_growth_advances:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_growth_advances:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_growth_advances:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q4_growth_principal:upside/basis | None | Repays existing cohort obligations. |
| /operating_model/cells/upside_2027q4_growth_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_growth_principal:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_growth_principal:upside/formula/refs/0 | None | upside_2027q4_gc_principal |
| /operating_model/cells/upside_2027q4_growth_principal:upside/formula/refs/1 | None | upside_2027q4_hannover_principal |
| /operating_model/cells/upside_2027q4_growth_principal:upside/id | None | upside_2027q4_growth_principal |
| /operating_model/cells/upside_2027q4_growth_principal:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_growth_principal:upside/label | None | Growth principal repayments |
| /operating_model/cells/upside_2027q4_growth_principal:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_growth_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_growth_principal:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/id | None | upside_2027q4_hannover_advance |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/label | None | Hannover new advances |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_advance:upside/value | None | 45.0 |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/basis | None | GC 16% contractual target; Hannover assumes 4% Treasury reference plus 5.8%, not a quoted current Treasury rate. |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/id | None | upside_2027q4_hannover_annual_rate |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/label | None | hannover annual financing rate |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_hannover_annual_rate:upside/value | None | 0.098 |
| /operating_model/cells/upside_2027q4_hannover_available:upside/basis | None | 2027 only; each quarter advance is below $60M monthly-cap equivalent. |
| /operating_model/cells/upside_2027q4_hannover_available:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_available:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_hannover_available:upside/formula/refs/0 | None | upside_2027q3_hannover_ending |
| /operating_model/cells/upside_2027q4_hannover_available:upside/formula/refs/1 | None | upside_2027q4_hannover_advance |
| /operating_model/cells/upside_2027q4_hannover_available:upside/id | None | upside_2027q4_hannover_available |
| /operating_model/cells/upside_2027q4_hannover_available:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_hannover_available:upside/label | None | Hannover opening plus advances |
| /operating_model/cells/upside_2027q4_hannover_available:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_available:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_available:upside/value | None | 165.0 |
| /operating_model/cells/upside_2027q4_hannover_average:upside/basis | None | Approximates intraquarter timing. |
| /operating_model/cells/upside_2027q4_hannover_average:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_average:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_hannover_average:upside/formula/refs/0 | None | upside_2027q4_hannover_balance_sum |
| /operating_model/cells/upside_2027q4_hannover_average:upside/formula/refs/1 | None | upside_2027q4_hannover_half |
| /operating_model/cells/upside_2027q4_hannover_average:upside/id | None | upside_2027q4_hannover_average |
| /operating_model/cells/upside_2027q4_hannover_average:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_hannover_average:upside/label | None | Average hannover borrowing |
| /operating_model/cells/upside_2027q4_hannover_average:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_average:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_average:upside/value | None | 135.0 |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/basis | None | Quarter average approximation. |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/formula/refs/0 | None | upside_2027q3_hannover_ending |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/formula/refs/1 | None | upside_2027q4_hannover_ending |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/id | None | upside_2027q4_hannover_balance_sum |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/label | None | Opening plus closing hannover balance |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_balance_sum:upside/value | None | 270.0 |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/basis | None | Every configured quarter stays at or below $150M 2027 cap. |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/formula/refs/0 | None | upside_2027q4_hannover_available |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/formula/refs/1 | None | upside_2027q4_hannover_principal |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/id | None | upside_2027q4_hannover_ending |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/label | None | Hannover ending borrowing |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_ending:upside/value | None | 150.0 |
| /operating_model/cells/upside_2027q4_hannover_half:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_hannover_half:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_half:upside/id | None | upside_2027q4_hannover_half |
| /operating_model/cells/upside_2027q4_hannover_half:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hannover_half:upside/label | None | Average balance factor |
| /operating_model/cells/upside_2027q4_hannover_half:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_half:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_hannover_half:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/basis | None | Cash interest approximation remains inside G&A and CFO. |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/formula/refs/0 | None | upside_2027q4_hannover_average |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/formula/refs/1 | None | upside_2027q4_hannover_annual_rate |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/formula/refs/2 | None | upside_2027q4_hannover_quarter |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/id | None | upside_2027q4_hannover_interest |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/label | None | hannover interest |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_interest:upside/value | None | 3.3075 |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/id | None | upside_2027q4_hannover_principal |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/label | None | Hannover principal repayment |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_hannover_principal:upside/value | None | 15.0 |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/id | None | upside_2027q4_hannover_quarter |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/label | None | Quarter fraction |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_hannover_quarter:upside/value | None | 0.25 |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/id | None | upside_2027q4_insurance_cost_ratio |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/label | None | Other insurance expense / gross earned premium |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_insurance_cost_ratio:upside/value | None | 0.08 |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/basis | None | Insurance liabilities support cash but carry future obligations. |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/formula/refs/0 | None | upside_2027q4_unearned_inflow |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/formula/refs/1 | None | upside_2027q4_claims_reserve_inflow |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/id | None | upside_2027q4_insurance_inflows |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/label | None | Unearned premium and claims reserve inflows |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_insurance_inflows:upside/value | None | 110.0 |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/basis | None | Includes treaty deposits, funds withheld and commission timing. |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/formula/refs/0 | None | upside_2027q4_premium_receivables |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/formula/refs/1 | None | upside_2027q4_reinsurance_other |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/id | None | upside_2027q4_insurance_uses |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/label | None | Premium receivables and reinsurance cash use |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_insurance_uses:upside/value | None | 108.0 |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/basis | None | Does not treat insurance float as unrestricted parent capital. |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/formula/refs/0 | None | upside_2027q4_insurance_inflows |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/formula/refs/1 | None | upside_2027q4_insurance_uses |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/id | None | upside_2027q4_insurance_wc |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/label | None | Insurance working-capital inflow |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_insurance_wc:upside/value | None | 2.0 |
| /operating_model/cells/upside_2027q4_investment_income:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_investment_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_investment_income:upside/id | None | upside_2027q4_investment_income |
| /operating_model/cells/upside_2027q4_investment_income:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_investment_income:upside/label | None | Investment income |
| /operating_model/cells/upside_2027q4_investment_income:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_investment_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_investment_income:upside/value | None | 10.0 |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/id | None | upside_2027q4_lae_ratio |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/label | None | Loss adjustment ratio |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_lae_ratio:upside/value | None | 0.05 |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/basis | None | Financing cash flow, not revenue or CFO. |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/formula/refs/0 | None | upside_2027q4_growth_advances |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/formula/refs/1 | None | upside_2027q4_growth_principal |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/id | None | upside_2027q4_net_growth_financing |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/label | None | Net growth borrowing |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_net_growth_financing:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_net_income:upside/basis | None | Assumes cash tax approximates expense; no EPS share bridge. |
| /operating_model/cells/upside_2027q4_net_income:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_income:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_net_income:upside/formula/refs/0 | None | upside_2027q4_pretax |
| /operating_model/cells/upside_2027q4_net_income:upside/formula/refs/1 | None | upside_2027q4_cash_tax |
| /operating_model/cells/upside_2027q4_net_income:upside/id | None | upside_2027q4_net_income |
| /operating_model/cells/upside_2027q4_net_income:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_net_income:upside/label | None | Net income proxy |
| /operating_model/cells/upside_2027q4_net_income:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_income:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_net_income:upside/value | None | -34.786833333333334 |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/basis | None | Sensitivity for retention/coverage/mix; not a full catastrophe treaty waterfall. |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/formula/refs/0 | None | upside_2027q4_gross_loss_ratio |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/formula/refs/1 | None | upside_2027q4_net_reinsurance_basis |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/id | None | upside_2027q4_net_loss_ratio |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/label | None | Net loss ratio proxy |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_net_loss_ratio:upside/value | None | 0.6100000000000001 |
| /operating_model/cells/upside_2027q4_net_premium:upside/basis | None | Base revenue calibrates to management outlook with explicit effective retention. |
| /operating_model/cells/upside_2027q4_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_premium:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_net_premium:upside/formula/refs/0 | None | upside_2027q4_gross_earned |
| /operating_model/cells/upside_2027q4_net_premium:upside/formula/refs/1 | None | upside_2027q4_retention |
| /operating_model/cells/upside_2027q4_net_premium:upside/id | None | upside_2027q4_net_premium |
| /operating_model/cells/upside_2027q4_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_net_premium:upside/label | None | Net earned premium |
| /operating_model/cells/upside_2027q4_net_premium:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_net_premium:upside/value | None | 472.33333333333337 |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/id | None | upside_2027q4_net_reinsurance_basis |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/label | None | Net reinsurance loss-ratio difference |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_net_reinsurance_basis:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_operating_expense:upside/basis | None | Growth financing is included once; total SBC/D&A already sit within GAAP cost budgets. |
| /operating_model/cells/upside_2027q4_operating_expense:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_operating_expense:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_operating_expense:upside/formula/refs/0 | None | upside_2027q4_ordinary_opex |
| /operating_model/cells/upside_2027q4_operating_expense:upside/formula/refs/1 | None | upside_2027q4_finance_interest |
| /operating_model/cells/upside_2027q4_operating_expense:upside/id | None | upside_2027q4_operating_expense |
| /operating_model/cells/upside_2027q4_operating_expense:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_operating_expense:upside/label | None | Marketing technology and G&A including interest |
| /operating_model/cells/upside_2027q4_operating_expense:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_operating_expense:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_operating_expense:upside/value | None | 224.1635 |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/basis | None | Combined GAAP cost budget including SBC and D&A. Base calibrated to adjusted EBITDA outlook; no undisclosed departmental split is asserted. |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/id | None | upside_2027q4_ordinary_opex |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/label | None | Marketing technology and G&A excluding financing |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_ordinary_opex:upside/value | None | 215.0 |
| /operating_model/cells/upside_2027q4_other_insurance:upside/basis | None | Servicing and insurance infrastructure expense. |
| /operating_model/cells/upside_2027q4_other_insurance:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_other_insurance:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_other_insurance:upside/formula/refs/0 | None | upside_2027q4_gross_earned |
| /operating_model/cells/upside_2027q4_other_insurance:upside/formula/refs/1 | None | upside_2027q4_insurance_cost_ratio |
| /operating_model/cells/upside_2027q4_other_insurance:upside/id | None | upside_2027q4_other_insurance |
| /operating_model/cells/upside_2027q4_other_insurance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_other_insurance:upside/label | None | Other insurance expense |
| /operating_model/cells/upside_2027q4_other_insurance:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_other_insurance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_other_insurance:upside/value | None | 46.0 |
| /operating_model/cells/upside_2027q4_other_interest:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_other_interest:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_other_interest:upside/id | None | upside_2027q4_other_interest |
| /operating_model/cells/upside_2027q4_other_interest:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_other_interest:upside/label | None | Other interest income excluded from EBITDA |
| /operating_model/cells/upside_2027q4_other_interest:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_other_interest:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_other_interest:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q4_other_revenue:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_other_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_other_revenue:upside/id | None | upside_2027q4_other_revenue |
| /operating_model/cells/upside_2027q4_other_revenue:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_other_revenue:upside/label | None | Commission and other income |
| /operating_model/cells/upside_2027q4_other_revenue:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_other_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_other_revenue:upside/value | None | 18.0 |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/id | None | upside_2027q4_premium_receivables |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/label | None | Premium receivable cash use |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_premium_receivables:upside/value | None | 95.0 |
| /operating_model/cells/upside_2027q4_pretax:upside/basis | None | Investment/other income remain in revenue per company presentation. |
| /operating_model/cells/upside_2027q4_pretax:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_pretax:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_pretax:upside/formula/refs/0 | None | upside_2027q4_revenue |
| /operating_model/cells/upside_2027q4_pretax:upside/formula/refs/1 | None | upside_2027q4_total_cost |
| /operating_model/cells/upside_2027q4_pretax:upside/id | None | upside_2027q4_pretax |
| /operating_model/cells/upside_2027q4_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_pretax:upside/label | None | GAAP pretax result |
| /operating_model/cells/upside_2027q4_pretax:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_pretax:upside/value | None | -32.286833333333334 |
| /operating_model/cells/upside_2027q4_prior_development:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_prior_development:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_prior_development:upside/id | None | upside_2027q4_prior_development |
| /operating_model/cells/upside_2027q4_prior_development:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_prior_development:upside/label | None | Prior-period development ratio |
| /operating_model/cells/upside_2027q4_prior_development:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_prior_development:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_prior_development:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/id | None | upside_2027q4_reinsurance_other |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/label | None | Net reinsurance and other cash use |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_reinsurance_other:upside/value | None | 13.0 |
| /operating_model/cells/upside_2027q4_retention:upside/basis | None | Consolidated calibration including product/treaty timing and other reinsurance; not 82% mechanically from quota cession. |
| /operating_model/cells/upside_2027q4_retention:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_retention:upside/id | None | upside_2027q4_retention |
| /operating_model/cells/upside_2027q4_retention:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_retention:upside/label | None | Effective earned premium retention |
| /operating_model/cells/upside_2027q4_retention:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_retention:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_retention:upside/value | None | 0.8214492753623189 |
| /operating_model/cells/upside_2027q4_revenue:upside/basis | None | IFP is not counted as revenue. |
| /operating_model/cells/upside_2027q4_revenue:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0 | None | upside_2027q4_net_premium |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1 | None | upside_2027q4_ceding_commission |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/2 | None | upside_2027q4_investment_income |
| /operating_model/cells/upside_2027q4_revenue:upside/formula/refs/3 | None | upside_2027q4_other_revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/id | None | upside_2027q4_revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_revenue:upside/label | None | Total revenue |
| /operating_model/cells/upside_2027q4_revenue:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_revenue:upside/value | None | 526.0 |
| /operating_model/cells/upside_2027q4_sbc:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_sbc:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_sbc:upside/id | None | upside_2027q4_sbc |
| /operating_model/cells/upside_2027q4_sbc:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_sbc:upside/label | None | Total SBC |
| /operating_model/cells/upside_2027q4_sbc:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_sbc:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_sbc:upside/value | None | 29.0 |
| /operating_model/cells/upside_2027q4_total_cost:upside/basis | None | Gross-profit allocated D&A is already in departmental cost; do not subtract again. |
| /operating_model/cells/upside_2027q4_total_cost:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_total_cost:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_total_cost:upside/formula/refs/0 | None | upside_2027q4_claims |
| /operating_model/cells/upside_2027q4_total_cost:upside/formula/refs/1 | None | upside_2027q4_other_insurance |
| /operating_model/cells/upside_2027q4_total_cost:upside/formula/refs/2 | None | upside_2027q4_operating_expense |
| /operating_model/cells/upside_2027q4_total_cost:upside/id | None | upside_2027q4_total_cost |
| /operating_model/cells/upside_2027q4_total_cost:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_total_cost:upside/label | None | Claims insurance and departmental expense |
| /operating_model/cells/upside_2027q4_total_cost:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_total_cost:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_total_cost:upside/value | None | 558.2868333333333 |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/basis | None | Desk assumption; not company guidance. |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/id | None | upside_2027q4_unearned_inflow |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/label | None | Unearned premium cash inflow |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_unearned_inflow:upside/value | None | 97.0 |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/0 | None | h1_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/1 | None | upside_2026q3_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/2 | None | upside_2026q4_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/id | None | upside_fy2026_adj_ebitda |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_adj_ebitda:upside/value | None | -64.49666666666675 |
| /operating_model/cells/upside_fy2026_capex:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_capex:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_capex:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/0 | None | h1_capex |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/1 | None | upside_2026q3_capex |
| /operating_model/cells/upside_fy2026_capex:upside/formula/refs/2 | None | upside_2026q4_capex |
| /operating_model/cells/upside_fy2026_capex:upside/id | None | upside_fy2026_capex |
| /operating_model/cells/upside_fy2026_capex:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_capex:upside/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/upside_fy2026_capex:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_capex:upside/value | None | 18.6 |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/formula/refs/0 | None | h1_cash_after_financing |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/formula/refs/1 | None | upside_2026q3_cash_after_financing |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/formula/refs/2 | None | upside_2026q4_cash_after_financing |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/id | None | upside_fy2026_cash_after_financing |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_cash_after_financing:upside/value | None | 69.49133333333324 |
| /operating_model/cells/upside_fy2026_cfo:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_cfo:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0 | None | h1_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1 | None | upside_2026q3_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/formula/refs/2 | None | upside_2026q4_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/id | None | upside_fy2026_cfo |
| /operating_model/cells/upside_fy2026_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_cfo:upside/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/upside_fy2026_cfo:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_cfo:upside/value | None | -15.208666666666751 |
| /operating_model/cells/upside_fy2026_claims:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_claims:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_claims:upside/formula/refs/0 | None | h1_claims |
| /operating_model/cells/upside_fy2026_claims:upside/formula/refs/1 | None | upside_2026q3_claims |
| /operating_model/cells/upside_fy2026_claims:upside/formula/refs/2 | None | upside_2026q4_claims |
| /operating_model/cells/upside_fy2026_claims:upside/id | None | upside_fy2026_claims |
| /operating_model/cells/upside_fy2026_claims:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_claims:upside/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/upside_fy2026_claims:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_claims:upside/value | None | 661.4566666666667 |
| /operating_model/cells/upside_fy2026_fcf:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_fcf:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_fcf:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_fcf:upside/formula/refs/0 | None | h1_fcf |
| /operating_model/cells/upside_fy2026_fcf:upside/formula/refs/1 | None | upside_2026q3_fcf |
| /operating_model/cells/upside_fy2026_fcf:upside/formula/refs/2 | None | upside_2026q4_fcf |
| /operating_model/cells/upside_fy2026_fcf:upside/id | None | upside_fy2026_fcf |
| /operating_model/cells/upside_fy2026_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_fcf:upside/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/upside_fy2026_fcf:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_fcf:upside/value | None | -33.80866666666675 |
| /operating_model/cells/upside_fy2026_gross_earned:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_gross_earned:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_gross_earned:upside/formula/refs/0 | None | h1_gross_earned |
| /operating_model/cells/upside_fy2026_gross_earned:upside/formula/refs/1 | None | upside_2026q3_gross_earned |
| /operating_model/cells/upside_fy2026_gross_earned:upside/formula/refs/2 | None | upside_2026q4_gross_earned |
| /operating_model/cells/upside_fy2026_gross_earned:upside/id | None | upside_fy2026_gross_earned |
| /operating_model/cells/upside_fy2026_gross_earned:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_gross_earned:upside/label | None | Gross earned premium ($M) |
| /operating_model/cells/upside_fy2026_gross_earned:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_gross_earned:upside/value | None | 1396.6 |
| /operating_model/cells/upside_fy2026_gross_profit:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_gross_profit:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/0 | None | h1_gross_profit |
| /operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/1 | None | upside_2026q3_gross_profit |
| /operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/2 | None | upside_2026q4_gross_profit |
| /operating_model/cells/upside_fy2026_gross_profit:upside/id | None | upside_fy2026_gross_profit |
| /operating_model/cells/upside_fy2026_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_gross_profit:upside/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/upside_fy2026_gross_profit:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_gross_profit:upside/value | None | 468.4533333333333 |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/formula/refs/0 | None | h1_net_growth_financing |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/formula/refs/1 | None | upside_2026q3_net_growth_financing |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/formula/refs/2 | None | upside_2026q4_net_growth_financing |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/id | None | upside_fy2026_net_growth_financing |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_net_growth_financing:upside/value | None | 103.30000000000001 |
| /operating_model/cells/upside_fy2026_net_premium:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_net_premium:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_net_premium:upside/formula/refs/0 | None | h1_net_premium |
| /operating_model/cells/upside_fy2026_net_premium:upside/formula/refs/1 | None | upside_2026q3_net_premium |
| /operating_model/cells/upside_fy2026_net_premium:upside/formula/refs/2 | None | upside_2026q4_net_premium |
| /operating_model/cells/upside_fy2026_net_premium:upside/id | None | upside_fy2026_net_premium |
| /operating_model/cells/upside_fy2026_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_net_premium:upside/label | None | Net earned premium ($M) |
| /operating_model/cells/upside_fy2026_net_premium:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_net_premium:upside/value | None | 1070.6000000000001 |
| /operating_model/cells/upside_fy2026_pretax:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_pretax:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_pretax:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_pretax:upside/formula/refs/0 | None | h1_pretax |
| /operating_model/cells/upside_fy2026_pretax:upside/formula/refs/1 | None | upside_2026q3_pretax |
| /operating_model/cells/upside_fy2026_pretax:upside/formula/refs/2 | None | upside_2026q4_pretax |
| /operating_model/cells/upside_fy2026_pretax:upside/id | None | upside_fy2026_pretax |
| /operating_model/cells/upside_fy2026_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_pretax:upside/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/upside_fy2026_pretax:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_pretax:upside/value | None | -157.00866666666676 |
| /operating_model/cells/upside_fy2026_revenue:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2026_revenue:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0 | None | h1_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1 | None | upside_2026q3_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/formula/refs/2 | None | upside_2026q4_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/id | None | upside_fy2026_revenue |
| /operating_model/cells/upside_fy2026_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_revenue:upside/label | None | Total revenue ($M) |
| /operating_model/cells/upside_fy2026_revenue:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_revenue:upside/value | None | 1243.4 |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/0 | None | upside_2027q1_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/1 | None | upside_2027q2_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/2 | None | upside_2027q3_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/3 | None | upside_2027q4_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/id | None | upside_fy2027_adj_ebitda |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/label | None | Adjusted EBITDA proxy ($M) |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_adj_ebitda:upside/value | None | -11.865000000000139 |
| /operating_model/cells/upside_fy2027_capex:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_capex:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_capex:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/0 | None | upside_2027q1_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/1 | None | upside_2027q2_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/2 | None | upside_2027q3_capex |
| /operating_model/cells/upside_fy2027_capex:upside/formula/refs/3 | None | upside_2027q4_capex |
| /operating_model/cells/upside_fy2027_capex:upside/id | None | upside_fy2027_capex |
| /operating_model/cells/upside_fy2027_capex:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_capex:upside/label | None | Cash capital expenditure ($M) |
| /operating_model/cells/upside_fy2027_capex:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_capex:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_capex:upside/value | None | 27.0 |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/formula/refs/0 | None | upside_2027q1_cash_after_financing |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/formula/refs/1 | None | upside_2027q2_cash_after_financing |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/formula/refs/2 | None | upside_2027q3_cash_after_financing |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/formula/refs/3 | None | upside_2027q4_cash_after_financing |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/id | None | upside_fy2027_cash_after_financing |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/label | None | Cash after net growth borrowing ($M) |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_cash_after_financing:upside/value | None | 17.94849999999987 |
| /operating_model/cells/upside_fy2027_cfo:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_cfo:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0 | None | upside_2027q1_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1 | None | upside_2027q2_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2 | None | upside_2027q3_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3 | None | upside_2027q4_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/id | None | upside_fy2027_cfo |
| /operating_model/cells/upside_fy2027_cfo:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_cfo:upside/label | None | Operating cash flow proxy ($M) |
| /operating_model/cells/upside_fy2027_cfo:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_cfo:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_cfo:upside/value | None | 24.948499999999868 |
| /operating_model/cells/upside_fy2027_claims:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_claims:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_claims:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_claims:upside/formula/refs/0 | None | upside_2027q1_claims |
| /operating_model/cells/upside_fy2027_claims:upside/formula/refs/1 | None | upside_2027q2_claims |
| /operating_model/cells/upside_fy2027_claims:upside/formula/refs/2 | None | upside_2027q3_claims |
| /operating_model/cells/upside_fy2027_claims:upside/formula/refs/3 | None | upside_2027q4_claims |
| /operating_model/cells/upside_fy2027_claims:upside/id | None | upside_fy2027_claims |
| /operating_model/cells/upside_fy2027_claims:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_claims:upside/label | None | Net loss and adjustment expense ($M) |
| /operating_model/cells/upside_fy2027_claims:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_claims:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_claims:upside/value | None | 995.7850000000003 |
| /operating_model/cells/upside_fy2027_fcf:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_fcf:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_fcf:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_fcf:upside/formula/refs/0 | None | upside_2027q1_fcf |
| /operating_model/cells/upside_fy2027_fcf:upside/formula/refs/1 | None | upside_2027q2_fcf |
| /operating_model/cells/upside_fy2027_fcf:upside/formula/refs/2 | None | upside_2027q3_fcf |
| /operating_model/cells/upside_fy2027_fcf:upside/formula/refs/3 | None | upside_2027q4_fcf |
| /operating_model/cells/upside_fy2027_fcf:upside/id | None | upside_fy2027_fcf |
| /operating_model/cells/upside_fy2027_fcf:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_fcf:upside/label | None | Unfinanced CFO less capex ($M) |
| /operating_model/cells/upside_fy2027_fcf:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_fcf:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_fcf:upside/value | None | -2.051500000000132 |
| /operating_model/cells/upside_fy2027_gross_earned:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_gross_earned:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_gross_earned:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_gross_earned:upside/formula/refs/0 | None | upside_2027q1_gross_earned |
| /operating_model/cells/upside_fy2027_gross_earned:upside/formula/refs/1 | None | upside_2027q2_gross_earned |
| /operating_model/cells/upside_fy2027_gross_earned:upside/formula/refs/2 | None | upside_2027q3_gross_earned |
| /operating_model/cells/upside_fy2027_gross_earned:upside/formula/refs/3 | None | upside_2027q4_gross_earned |
| /operating_model/cells/upside_fy2027_gross_earned:upside/id | None | upside_fy2027_gross_earned |
| /operating_model/cells/upside_fy2027_gross_earned:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_gross_earned:upside/label | None | Gross earned premium ($M) |
| /operating_model/cells/upside_fy2027_gross_earned:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_gross_earned:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_gross_earned:upside/value | None | 2001.0 |
| /operating_model/cells/upside_fy2027_gross_profit:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_gross_profit:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_gross_profit:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/0 | None | upside_2027q1_gross_profit |
| /operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/1 | None | upside_2027q2_gross_profit |
| /operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/2 | None | upside_2027q3_gross_profit |
| /operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/3 | None | upside_2027q4_gross_profit |
| /operating_model/cells/upside_fy2027_gross_profit:upside/id | None | upside_fy2027_gross_profit |
| /operating_model/cells/upside_fy2027_gross_profit:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_gross_profit:upside/label | None | GAAP gross profit proxy ($M) |
| /operating_model/cells/upside_fy2027_gross_profit:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_gross_profit:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_gross_profit:upside/value | None | 664.4349999999998 |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/formula/refs/0 | None | upside_2027q1_net_growth_financing |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/formula/refs/1 | None | upside_2027q2_net_growth_financing |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/formula/refs/2 | None | upside_2027q3_net_growth_financing |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/formula/refs/3 | None | upside_2027q4_net_growth_financing |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/id | None | upside_fy2027_net_growth_financing |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/label | None | Growth advances less principal repayments ($M) |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_net_growth_financing:upside/value | None | 20.0 |
| /operating_model/cells/upside_fy2027_net_premium:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_net_premium:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_net_premium:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_net_premium:upside/formula/refs/0 | None | upside_2027q1_net_premium |
| /operating_model/cells/upside_fy2027_net_premium:upside/formula/refs/1 | None | upside_2027q2_net_premium |
| /operating_model/cells/upside_fy2027_net_premium:upside/formula/refs/2 | None | upside_2027q3_net_premium |
| /operating_model/cells/upside_fy2027_net_premium:upside/formula/refs/3 | None | upside_2027q4_net_premium |
| /operating_model/cells/upside_fy2027_net_premium:upside/id | None | upside_fy2027_net_premium |
| /operating_model/cells/upside_fy2027_net_premium:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_net_premium:upside/label | None | Net earned premium ($M) |
| /operating_model/cells/upside_fy2027_net_premium:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_net_premium:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_net_premium:upside/value | None | 1622.3333333333335 |
| /operating_model/cells/upside_fy2027_pretax:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_pretax:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_pretax:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_pretax:upside/formula/refs/0 | None | upside_2027q1_pretax |
| /operating_model/cells/upside_fy2027_pretax:upside/formula/refs/1 | None | upside_2027q2_pretax |
| /operating_model/cells/upside_fy2027_pretax:upside/formula/refs/2 | None | upside_2027q3_pretax |
| /operating_model/cells/upside_fy2027_pretax:upside/formula/refs/3 | None | upside_2027q4_pretax |
| /operating_model/cells/upside_fy2027_pretax:upside/id | None | upside_fy2027_pretax |
| /operating_model/cells/upside_fy2027_pretax:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_pretax:upside/label | None | GAAP pretax income proxy ($M) |
| /operating_model/cells/upside_fy2027_pretax:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_pretax:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_pretax:upside/value | None | -131.25150000000014 |
| /operating_model/cells/upside_fy2027_revenue:upside/basis | None | Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters. |
| /operating_model/cells/upside_fy2027_revenue:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0 | None | upside_2027q1_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1 | None | upside_2027q2_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2 | None | upside_2027q3_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3 | None | upside_2027q4_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/id | None | upside_fy2027_revenue |
| /operating_model/cells/upside_fy2027_revenue:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_revenue:upside/label | None | Total revenue ($M) |
| /operating_model/cells/upside_fy2027_revenue:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_revenue:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_revenue:upside/value | None | 1823.0 |
| /operating_model/highlights/0 | None | ifp |
| /operating_model/highlights/1 | None | q3_gep |
| /operating_model/highlights/10 | None | h1_net_growth_financing |
| /operating_model/highlights/11 | None | h1_cash_after_financing |
| /operating_model/highlights/12 | None | gc_opening |
| /operating_model/highlights/13 | None | hannover_2027_cap |
| /operating_model/highlights/14 | None | cash |
| /operating_model/highlights/15 | None | restricted_cash |
| /operating_model/highlights/16 | None | investments |
| /operating_model/highlights/17 | None | required_surplus |
| /operating_model/highlights/2 | None | q3_revenue |
| /operating_model/highlights/3 | None | q3_ebitda |
| /operating_model/highlights/4 | None | fy26_gep |
| /operating_model/highlights/5 | None | fy26_revenue |
| /operating_model/highlights/6 | None | fy26_ebitda |
| /operating_model/highlights/7 | None | h1_ebitda_bridge |
| /operating_model/highlights/8 | None | h1_cfo |
| /operating_model/highlights/9 | None | h1_fcf |
| /operating_model/limitations/0 | None | IFP is an annualized end-of-period stock and includes about 4% third-party placed business. It is not divided by four to manufacture GAAP earned premium. No annual sum of IFP or borrowing balances is presented. |
| /operating_model/limitations/1 | None | July quota-share cession fell to 18%, but consolidated effective ceded premium also reflects timing, product mix and other programs. Model retention is an explicitly calibrated effective rate, not one minus the headline quota-share percentage. |
| /operating_model/limitations/2 | None | Q2 gross loss ratio included seven points of favorable prior-period development. Forecasts do not repeat that benefit indefinitely. The model is not an actuarial reserve or catastrophe exceedance-probability analysis. |
| /operating_model/limitations/3 | None | Renewal changed catastrophe and per-occurrence protections, and the property-per-risk contract was not renewed. Gross/net loss sensitivities approximate these exposures; internal captive cessions are not treated as risk disappearing from the consolidated group. |
| /operating_model/limitations/4 | None | Company adjusted FCF includes net growth-financing borrowings. Unfinanced CFO less capex and financing proceeds are shown separately; debt funding is not operating cash generation. |
| /operating_model/limitations/5 | None | General Catalyst historical cohorts retain their repayment obligations after new 2027 financing switches to Hannover. The Hannover 2027 outstanding cap is $150M; $250M applies in 2028. Assumed advances and repayments remain conditional on contract requirements. |
| /operating_model/limitations/6 | None | Hannover interest assumes a 4% three-year Treasury reference plus 5.8%; the contractual rate uses the applicable Treasury reference, floored at zero. Quarter-average balances approximate actual cash interest timing. |
| /operating_model/limitations/7 | None | Cash/investments include insurance-company assets supporting claims and required statutory surplus. They are not all available parent cash. No statutory capital/dividend, diluted EPS or full liquidity forecast is provided. |
| /operating_model/limitations/8 | None | Q3/FY2026 SBC outlook and all quarterly cash, working-capital, loss and FY2027 assumptions are identified separately. CFO succession is effective January 1, 2027, not at this review date. |
| /operating_model/method | None | Start with gross earned premium, not quarter-end in-force premium. Model effective premium retention, ceding commission, investment and other revenue separately. Build loss assumptions from attritional, catastrophe, loss-adjustment and prior-period components, with a separate net reinsurance-basis sensitivity. GAAP expense budgets reconcile to adjusted EBITDA without subtracting growth-financing interest twice. Roll General Catalyst and Hannover borrowing independently, retain cash interest within operating costs, and place net advances below unfinanced FCF. Base Q3 and FY2026 earned premium, revenue and adjusted EBITDA match management midpoints. |
| /operating_model/metrics/adj_ebitda | None | Adjusted EBITDA proxy ($M) |
| /operating_model/metrics/capex | None | Cash capital expenditure ($M) |
| /operating_model/metrics/cash_after_financing | None | Cash after net growth borrowing ($M) |
| /operating_model/metrics/cfo | None | Operating cash flow proxy ($M) |
| /operating_model/metrics/claims | None | Net loss and adjustment expense ($M) |
| /operating_model/metrics/fcf | None | Unfinanced CFO less capex ($M) |
| /operating_model/metrics/gross_earned | None | Gross earned premium ($M) |
| /operating_model/metrics/gross_profit | None | GAAP gross profit proxy ($M) |
| /operating_model/metrics/net_growth_financing | None | Growth advances less principal repayments ($M) |
| /operating_model/metrics/net_premium | None | Net earned premium ($M) |
| /operating_model/metrics/pretax | None | GAAP pretax income proxy ($M) |
| /operating_model/metrics/revenue | None | Total revenue ($M) |
| /operating_model/outputs/2026Q3:base/case | None | base |
| /operating_model/outputs/2026Q3:base/frequency | None | quarter |
| /operating_model/outputs/2026Q3:base/metrics/adj_ebitda | None | base_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:base/metrics/capex | None | base_2026q3_capex |
| /operating_model/outputs/2026Q3:base/metrics/cash_after_financing | None | base_2026q3_cash_after_financing |
| /operating_model/outputs/2026Q3:base/metrics/cfo | None | base_2026q3_cfo |
| /operating_model/outputs/2026Q3:base/metrics/claims | None | base_2026q3_claims |
| /operating_model/outputs/2026Q3:base/metrics/fcf | None | base_2026q3_fcf |
| /operating_model/outputs/2026Q3:base/metrics/gross_earned | None | base_2026q3_gross_earned |
| /operating_model/outputs/2026Q3:base/metrics/gross_profit | None | base_2026q3_gross_profit |
| /operating_model/outputs/2026Q3:base/metrics/net_growth_financing | None | base_2026q3_net_growth_financing |
| /operating_model/outputs/2026Q3:base/metrics/net_premium | None | base_2026q3_net_premium |
| /operating_model/outputs/2026Q3:base/metrics/pretax | None | base_2026q3_pretax |
| /operating_model/outputs/2026Q3:base/metrics/revenue | None | base_2026q3_revenue |
| /operating_model/outputs/2026Q3:base/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:base/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:base/values/adj_ebitda | None | -21.500000000000007 |
| /operating_model/outputs/2026Q3:base/values/capex | None | 5.0 |
| /operating_model/outputs/2026Q3:base/values/cash_after_financing | None | 12.643999999999995 |
| /operating_model/outputs/2026Q3:base/values/cfo | None | -12.356000000000005 |
| /operating_model/outputs/2026Q3:base/values/claims | None | 186.67000000000004 |
| /operating_model/outputs/2026Q3:base/values/fcf | None | -17.356000000000005 |
| /operating_model/outputs/2026Q3:base/values/gross_earned | None | 357.5 |
| /operating_model/outputs/2026Q3:base/values/gross_profit | None | 108.72999999999996 |
| /operating_model/outputs/2026Q3:base/values/net_growth_financing | None | 30.0 |
| /operating_model/outputs/2026Q3:base/values/net_premium | None | 282.83333333333337 |
| /operating_model/outputs/2026Q3:base/values/pretax | None | -46.156000000000006 |
| /operating_model/outputs/2026Q3:base/values/revenue | None | 324.5 |
| /operating_model/outputs/2026Q3:downside/case | None | downside |
| /operating_model/outputs/2026Q3:downside/frequency | None | quarter |
| /operating_model/outputs/2026Q3:downside/metrics/adj_ebitda | None | downside_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:downside/metrics/capex | None | downside_2026q3_capex |
| /operating_model/outputs/2026Q3:downside/metrics/cash_after_financing | None | downside_2026q3_cash_after_financing |
| /operating_model/outputs/2026Q3:downside/metrics/cfo | None | downside_2026q3_cfo |
| /operating_model/outputs/2026Q3:downside/metrics/claims | None | downside_2026q3_claims |
| /operating_model/outputs/2026Q3:downside/metrics/fcf | None | downside_2026q3_fcf |
| /operating_model/outputs/2026Q3:downside/metrics/gross_earned | None | downside_2026q3_gross_earned |
| /operating_model/outputs/2026Q3:downside/metrics/gross_profit | None | downside_2026q3_gross_profit |
| /operating_model/outputs/2026Q3:downside/metrics/net_growth_financing | None | downside_2026q3_net_growth_financing |
| /operating_model/outputs/2026Q3:downside/metrics/net_premium | None | downside_2026q3_net_premium |
| /operating_model/outputs/2026Q3:downside/metrics/pretax | None | downside_2026q3_pretax |
| /operating_model/outputs/2026Q3:downside/metrics/revenue | None | downside_2026q3_revenue |
| /operating_model/outputs/2026Q3:downside/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:downside/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:downside/values/adj_ebitda | None | -63.373333333333335 |
| /operating_model/outputs/2026Q3:downside/values/capex | None | 5.0 |
| /operating_model/outputs/2026Q3:downside/values/cash_after_financing | None | -43.92933333333333 |
| /operating_model/outputs/2026Q3:downside/values/cfo | None | -53.92933333333333 |
| /operating_model/outputs/2026Q3:downside/values/claims | None | 203.17333333333332 |
| /operating_model/outputs/2026Q3:downside/values/fcf | None | -58.92933333333333 |
| /operating_model/outputs/2026Q3:downside/values/gross_earned | None | 350.0 |
| /operating_model/outputs/2026Q3:downside/values/gross_profit | None | 79.32666666666668 |
| /operating_model/outputs/2026Q3:downside/values/net_growth_financing | None | 15.0 |
| /operating_model/outputs/2026Q3:downside/values/net_premium | None | 267.3333333333333 |
| /operating_model/outputs/2026Q3:downside/values/pretax | None | -87.72933333333333 |
| /operating_model/outputs/2026Q3:downside/values/revenue | None | 311.0 |
| /operating_model/outputs/2026Q3:upside/case | None | upside |
| /operating_model/outputs/2026Q3:upside/frequency | None | quarter |
| /operating_model/outputs/2026Q3:upside/metrics/adj_ebitda | None | upside_2026q3_adj_ebitda |
| /operating_model/outputs/2026Q3:upside/metrics/capex | None | upside_2026q3_capex |
| /operating_model/outputs/2026Q3:upside/metrics/cash_after_financing | None | upside_2026q3_cash_after_financing |
| /operating_model/outputs/2026Q3:upside/metrics/cfo | None | upside_2026q3_cfo |
| /operating_model/outputs/2026Q3:upside/metrics/claims | None | upside_2026q3_claims |
| /operating_model/outputs/2026Q3:upside/metrics/fcf | None | upside_2026q3_fcf |
| /operating_model/outputs/2026Q3:upside/metrics/gross_earned | None | upside_2026q3_gross_earned |
| /operating_model/outputs/2026Q3:upside/metrics/gross_profit | None | upside_2026q3_gross_profit |
| /operating_model/outputs/2026Q3:upside/metrics/net_growth_financing | None | upside_2026q3_net_growth_financing |
| /operating_model/outputs/2026Q3:upside/metrics/net_premium | None | upside_2026q3_net_premium |
| /operating_model/outputs/2026Q3:upside/metrics/pretax | None | upside_2026q3_pretax |
| /operating_model/outputs/2026Q3:upside/metrics/revenue | None | upside_2026q3_revenue |
| /operating_model/outputs/2026Q3:upside/period | None | 2026Q3 |
| /operating_model/outputs/2026Q3:upside/period_end | None | 2026-09-30 |
| /operating_model/outputs/2026Q3:upside/values/adj_ebitda | None | -18.186666666666675 |
| /operating_model/outputs/2026Q3:upside/values/capex | None | 5.0 |
| /operating_model/outputs/2026Q3:upside/values/cash_after_financing | None | 15.957333333333327 |
| /operating_model/outputs/2026Q3:upside/values/cfo | None | -9.042666666666673 |
| /operating_model/outputs/2026Q3:upside/values/claims | None | 181.86666666666665 |
| /operating_model/outputs/2026Q3:upside/values/fcf | None | -14.042666666666673 |
| /operating_model/outputs/2026Q3:upside/values/gross_earned | None | 364.0 |
| /operating_model/outputs/2026Q3:upside/values/gross_profit | None | 122.51333333333335 |
| /operating_model/outputs/2026Q3:upside/values/net_growth_financing | None | 30.0 |
| /operating_model/outputs/2026Q3:upside/values/net_premium | None | 293.3333333333333 |
| /operating_model/outputs/2026Q3:upside/values/pretax | None | -42.84266666666667 |
| /operating_model/outputs/2026Q3:upside/values/revenue | None | 334.0 |
| /operating_model/outputs/2026Q4:base/case | None | base |
| /operating_model/outputs/2026Q4:base/frequency | None | quarter |
| /operating_model/outputs/2026Q4:base/metrics/adj_ebitda | None | base_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:base/metrics/capex | None | base_2026q4_capex |
| /operating_model/outputs/2026Q4:base/metrics/cash_after_financing | None | base_2026q4_cash_after_financing |
| /operating_model/outputs/2026Q4:base/metrics/cfo | None | base_2026q4_cfo |
| /operating_model/outputs/2026Q4:base/metrics/claims | None | base_2026q4_claims |
| /operating_model/outputs/2026Q4:base/metrics/fcf | None | base_2026q4_fcf |
| /operating_model/outputs/2026Q4:base/metrics/gross_earned | None | base_2026q4_gross_earned |
| /operating_model/outputs/2026Q4:base/metrics/gross_profit | None | base_2026q4_gross_profit |
| /operating_model/outputs/2026Q4:base/metrics/net_growth_financing | None | base_2026q4_net_growth_financing |
| /operating_model/outputs/2026Q4:base/metrics/net_premium | None | base_2026q4_net_premium |
| /operating_model/outputs/2026Q4:base/metrics/pretax | None | base_2026q4_pretax |
| /operating_model/outputs/2026Q4:base/metrics/revenue | None | base_2026q4_revenue |
| /operating_model/outputs/2026Q4:base/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:base/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:base/values/adj_ebitda | None | 8.299999999999983 |
| /operating_model/outputs/2026Q4:base/values/capex | None | 5.5 |
| /operating_model/outputs/2026Q4:base/values/cash_after_financing | None | 36.143999999999984 |
| /operating_model/outputs/2026Q4:base/values/cfo | None | 16.643999999999984 |
| /operating_model/outputs/2026Q4:base/values/claims | None | 191.6416666666667 |
| /operating_model/outputs/2026Q4:base/values/fcf | None | 11.143999999999984 |
| /operating_model/outputs/2026Q4:base/values/gross_earned | None | 379.9 |
| /operating_model/outputs/2026Q4:base/values/gross_profit | None | 117.51633333333331 |
| /operating_model/outputs/2026Q4:base/values/net_growth_financing | None | 25.0 |
| /operating_model/outputs/2026Q4:base/values/net_premium | None | 294.83333333333337 |
| /operating_model/outputs/2026Q4:base/values/pretax | None | -18.956000000000017 |
| /operating_model/outputs/2026Q4:base/values/revenue | None | 340.1 |
| /operating_model/outputs/2026Q4:downside/case | None | downside |
| /operating_model/outputs/2026Q4:downside/frequency | None | quarter |
| /operating_model/outputs/2026Q4:downside/metrics/adj_ebitda | None | downside_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:downside/metrics/capex | None | downside_2026q4_capex |
| /operating_model/outputs/2026Q4:downside/metrics/cash_after_financing | None | downside_2026q4_cash_after_financing |
| /operating_model/outputs/2026Q4:downside/metrics/cfo | None | downside_2026q4_cfo |
| /operating_model/outputs/2026Q4:downside/metrics/claims | None | downside_2026q4_claims |
| /operating_model/outputs/2026Q4:downside/metrics/fcf | None | downside_2026q4_fcf |
| /operating_model/outputs/2026Q4:downside/metrics/gross_earned | None | downside_2026q4_gross_earned |
| /operating_model/outputs/2026Q4:downside/metrics/gross_profit | None | downside_2026q4_gross_profit |
| /operating_model/outputs/2026Q4:downside/metrics/net_growth_financing | None | downside_2026q4_net_growth_financing |
| /operating_model/outputs/2026Q4:downside/metrics/net_premium | None | downside_2026q4_net_premium |
| /operating_model/outputs/2026Q4:downside/metrics/pretax | None | downside_2026q4_pretax |
| /operating_model/outputs/2026Q4:downside/metrics/revenue | None | downside_2026q4_revenue |
| /operating_model/outputs/2026Q4:downside/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:downside/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:downside/values/adj_ebitda | None | -58.50666666666666 |
| /operating_model/outputs/2026Q4:downside/values/capex | None | 5.5 |
| /operating_model/outputs/2026Q4:downside/values/cash_after_financing | None | -44.76266666666666 |
| /operating_model/outputs/2026Q4:downside/values/cfo | None | -49.26266666666666 |
| /operating_model/outputs/2026Q4:downside/values/claims | None | 207.4466666666667 |
| /operating_model/outputs/2026Q4:downside/values/fcf | None | -54.76266666666666 |
| /operating_model/outputs/2026Q4:downside/values/gross_earned | None | 367.0 |
| /operating_model/outputs/2026Q4:downside/values/gross_profit | None | 88.64333333333332 |
| /operating_model/outputs/2026Q4:downside/values/net_growth_financing | None | 10.0 |
| /operating_model/outputs/2026Q4:downside/values/net_premium | None | 280.33333333333337 |
| /operating_model/outputs/2026Q4:downside/values/pretax | None | -84.86266666666666 |
| /operating_model/outputs/2026Q4:downside/values/revenue | None | 326.0 |
| /operating_model/outputs/2026Q4:upside/case | None | upside |
| /operating_model/outputs/2026Q4:upside/frequency | None | quarter |
| /operating_model/outputs/2026Q4:upside/metrics/adj_ebitda | None | upside_2026q4_adj_ebitda |
| /operating_model/outputs/2026Q4:upside/metrics/capex | None | upside_2026q4_capex |
| /operating_model/outputs/2026Q4:upside/metrics/cash_after_financing | None | upside_2026q4_cash_after_financing |
| /operating_model/outputs/2026Q4:upside/metrics/cfo | None | upside_2026q4_cfo |
| /operating_model/outputs/2026Q4:upside/metrics/claims | None | upside_2026q4_claims |
| /operating_model/outputs/2026Q4:upside/metrics/fcf | None | upside_2026q4_fcf |
| /operating_model/outputs/2026Q4:upside/metrics/gross_earned | None | upside_2026q4_gross_earned |
| /operating_model/outputs/2026Q4:upside/metrics/gross_profit | None | upside_2026q4_gross_profit |
| /operating_model/outputs/2026Q4:upside/metrics/net_growth_financing | None | upside_2026q4_net_growth_financing |
| /operating_model/outputs/2026Q4:upside/metrics/net_premium | None | upside_2026q4_net_premium |
| /operating_model/outputs/2026Q4:upside/metrics/pretax | None | upside_2026q4_pretax |
| /operating_model/outputs/2026Q4:upside/metrics/revenue | None | upside_2026q4_revenue |
| /operating_model/outputs/2026Q4:upside/period | None | 2026Q4 |
| /operating_model/outputs/2026Q4:upside/period_end | None | 2026-12-31 |
| /operating_model/outputs/2026Q4:upside/values/adj_ebitda | None | -10.510000000000076 |
| /operating_model/outputs/2026Q4:upside/values/capex | None | 5.5 |
| /operating_model/outputs/2026Q4:upside/values/cash_after_financing | None | 17.33399999999992 |
| /operating_model/outputs/2026Q4:upside/values/cfo | None | -2.1660000000000785 |
| /operating_model/outputs/2026Q4:upside/values/claims | None | 192.29000000000005 |
| /operating_model/outputs/2026Q4:upside/values/fcf | None | -7.6660000000000785 |
| /operating_model/outputs/2026Q4:upside/values/gross_earned | None | 394.0 |
| /operating_model/outputs/2026Q4:upside/values/gross_profit | None | 132.63999999999993 |
| /operating_model/outputs/2026Q4:upside/values/net_growth_financing | None | 25.0 |
| /operating_model/outputs/2026Q4:upside/values/net_premium | None | 312.6666666666667 |
| /operating_model/outputs/2026Q4:upside/values/pretax | None | -37.766000000000076 |
| /operating_model/outputs/2026Q4:upside/values/revenue | None | 357.0 |
| /operating_model/outputs/2027Q1:base/case | None | base |
| /operating_model/outputs/2027Q1:base/frequency | None | quarter |
| /operating_model/outputs/2027Q1:base/metrics/adj_ebitda | None | base_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:base/metrics/capex | None | base_2027q1_capex |
| /operating_model/outputs/2027Q1:base/metrics/cash_after_financing | None | base_2027q1_cash_after_financing |
| /operating_model/outputs/2027Q1:base/metrics/cfo | None | base_2027q1_cfo |
| /operating_model/outputs/2027Q1:base/metrics/claims | None | base_2027q1_claims |
| /operating_model/outputs/2027Q1:base/metrics/fcf | None | base_2027q1_fcf |
| /operating_model/outputs/2027Q1:base/metrics/gross_earned | None | base_2027q1_gross_earned |
| /operating_model/outputs/2027Q1:base/metrics/gross_profit | None | base_2027q1_gross_profit |
| /operating_model/outputs/2027Q1:base/metrics/net_growth_financing | None | base_2027q1_net_growth_financing |
| /operating_model/outputs/2027Q1:base/metrics/net_premium | None | base_2027q1_net_premium |
| /operating_model/outputs/2027Q1:base/metrics/pretax | None | base_2027q1_pretax |
| /operating_model/outputs/2027Q1:base/metrics/revenue | None | base_2027q1_revenue |
| /operating_model/outputs/2027Q1:base/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:base/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:base/values/adj_ebitda | None | -10.00000000000005 |
| /operating_model/outputs/2027Q1:base/values/capex | None | 6.0 |
| /operating_model/outputs/2027Q1:base/values/cash_after_financing | None | 2.2539999999999516 |
| /operating_model/outputs/2027Q1:base/values/cfo | None | -1.7460000000000484 |
| /operating_model/outputs/2027Q1:base/values/claims | None | 207.46000000000004 |
| /operating_model/outputs/2027Q1:base/values/fcf | None | -7.746000000000048 |
| /operating_model/outputs/2027Q1:base/values/gross_earned | None | 405.0 |
| /operating_model/outputs/2027Q1:base/values/gross_profit | None | 121.53999999999996 |
| /operating_model/outputs/2027Q1:base/values/net_growth_financing | None | 10.0 |
| /operating_model/outputs/2027Q1:base/values/net_premium | None | 314.33333333333337 |
| /operating_model/outputs/2027Q1:base/values/pretax | None | -38.54600000000005 |
| /operating_model/outputs/2027Q1:base/values/revenue | None | 362.0 |
| /operating_model/outputs/2027Q1:downside/case | None | downside |
| /operating_model/outputs/2027Q1:downside/frequency | None | quarter |
| /operating_model/outputs/2027Q1:downside/metrics/adj_ebitda | None | downside_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:downside/metrics/capex | None | downside_2027q1_capex |
| /operating_model/outputs/2027Q1:downside/metrics/cash_after_financing | None | downside_2027q1_cash_after_financing |
| /operating_model/outputs/2027Q1:downside/metrics/cfo | None | downside_2027q1_cfo |
| /operating_model/outputs/2027Q1:downside/metrics/claims | None | downside_2027q1_claims |
| /operating_model/outputs/2027Q1:downside/metrics/fcf | None | downside_2027q1_fcf |
| /operating_model/outputs/2027Q1:downside/metrics/gross_earned | None | downside_2027q1_gross_earned |
| /operating_model/outputs/2027Q1:downside/metrics/gross_profit | None | downside_2027q1_gross_profit |
| /operating_model/outputs/2027Q1:downside/metrics/net_growth_financing | None | downside_2027q1_net_growth_financing |
| /operating_model/outputs/2027Q1:downside/metrics/net_premium | None | downside_2027q1_net_premium |
| /operating_model/outputs/2027Q1:downside/metrics/pretax | None | downside_2027q1_pretax |
| /operating_model/outputs/2027Q1:downside/metrics/revenue | None | downside_2027q1_revenue |
| /operating_model/outputs/2027Q1:downside/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:downside/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:downside/values/adj_ebitda | None | -55.76666666666671 |
| /operating_model/outputs/2027Q1:downside/values/capex | None | 6.0 |
| /operating_model/outputs/2027Q1:downside/values/cash_after_financing | None | -52.19016666666671 |
| /operating_model/outputs/2027Q1:downside/values/cfo | None | -46.19016666666671 |
| /operating_model/outputs/2027Q1:downside/values/claims | None | 210.72666666666672 |
| /operating_model/outputs/2027Q1:downside/values/fcf | None | -52.19016666666671 |
| /operating_model/outputs/2027Q1:downside/values/gross_earned | None | 378.0 |
| /operating_model/outputs/2027Q1:downside/values/gross_profit | None | 94.43333333333328 |
| /operating_model/outputs/2027Q1:downside/values/net_growth_financing | None | 0.0 |
| /operating_model/outputs/2027Q1:downside/values/net_premium | None | 288.6666666666667 |
| /operating_model/outputs/2027Q1:downside/values/pretax | None | -82.99016666666671 |
| /operating_model/outputs/2027Q1:downside/values/revenue | None | 336.0 |
| /operating_model/outputs/2027Q1:upside/case | None | upside |
| /operating_model/outputs/2027Q1:upside/frequency | None | quarter |
| /operating_model/outputs/2027Q1:upside/metrics/adj_ebitda | None | upside_2027q1_adj_ebitda |
| /operating_model/outputs/2027Q1:upside/metrics/capex | None | upside_2027q1_capex |
| /operating_model/outputs/2027Q1:upside/metrics/cash_after_financing | None | upside_2027q1_cash_after_financing |
| /operating_model/outputs/2027Q1:upside/metrics/cfo | None | upside_2027q1_cfo |
| /operating_model/outputs/2027Q1:upside/metrics/claims | None | upside_2027q1_claims |
| /operating_model/outputs/2027Q1:upside/metrics/fcf | None | upside_2027q1_fcf |
| /operating_model/outputs/2027Q1:upside/metrics/gross_earned | None | upside_2027q1_gross_earned |
| /operating_model/outputs/2027Q1:upside/metrics/gross_profit | None | upside_2027q1_gross_profit |
| /operating_model/outputs/2027Q1:upside/metrics/net_growth_financing | None | upside_2027q1_net_growth_financing |
| /operating_model/outputs/2027Q1:upside/metrics/net_premium | None | upside_2027q1_net_premium |
| /operating_model/outputs/2027Q1:upside/metrics/pretax | None | upside_2027q1_pretax |
| /operating_model/outputs/2027Q1:upside/metrics/revenue | None | upside_2027q1_revenue |
| /operating_model/outputs/2027Q1:upside/period | None | 2027Q1 |
| /operating_model/outputs/2027Q1:upside/period_end | None | 2027-03-31 |
| /operating_model/outputs/2027Q1:upside/values/adj_ebitda | None | -3.633333333333349 |
| /operating_model/outputs/2027Q1:upside/values/capex | None | 6.0 |
| /operating_model/outputs/2027Q1:upside/values/cash_after_financing | None | 13.559416666666653 |
| /operating_model/outputs/2027Q1:upside/values/cfo | None | 4.559416666666653 |
| /operating_model/outputs/2027Q1:upside/values/claims | None | 209.43333333333337 |
| /operating_model/outputs/2027Q1:upside/values/fcf | None | -1.4405833333333469 |
| /operating_model/outputs/2027Q1:upside/values/gross_earned | None | 430.0 |
| /operating_model/outputs/2027Q1:upside/values/gross_profit | None | 145.56666666666663 |
| /operating_model/outputs/2027Q1:upside/values/net_growth_financing | None | 15.0 |
| /operating_model/outputs/2027Q1:upside/values/net_premium | None | 343.3333333333333 |
| /operating_model/outputs/2027Q1:upside/values/pretax | None | -32.24058333333335 |
| /operating_model/outputs/2027Q1:upside/values/revenue | None | 390.0 |
| /operating_model/outputs/2027Q2:base/case | None | base |
| /operating_model/outputs/2027Q2:base/frequency | None | quarter |
| /operating_model/outputs/2027Q2:base/metrics/adj_ebitda | None | base_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:base/metrics/capex | None | base_2027q2_capex |
| /operating_model/outputs/2027Q2:base/metrics/cash_after_financing | None | base_2027q2_cash_after_financing |
| /operating_model/outputs/2027Q2:base/metrics/cfo | None | base_2027q2_cfo |
| /operating_model/outputs/2027Q2:base/metrics/claims | None | base_2027q2_claims |
| /operating_model/outputs/2027Q2:base/metrics/fcf | None | base_2027q2_fcf |
| /operating_model/outputs/2027Q2:base/metrics/gross_earned | None | base_2027q2_gross_earned |
| /operating_model/outputs/2027Q2:base/metrics/gross_profit | None | base_2027q2_gross_profit |
| /operating_model/outputs/2027Q2:base/metrics/net_growth_financing | None | base_2027q2_net_growth_financing |
| /operating_model/outputs/2027Q2:base/metrics/net_premium | None | base_2027q2_net_premium |
| /operating_model/outputs/2027Q2:base/metrics/pretax | None | base_2027q2_pretax |
| /operating_model/outputs/2027Q2:base/metrics/revenue | None | base_2027q2_revenue |
| /operating_model/outputs/2027Q2:base/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:base/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:base/values/adj_ebitda | None | -1.5987211554602254e-14 |
| /operating_model/outputs/2027Q2:base/values/capex | None | 6.5 |
| /operating_model/outputs/2027Q2:base/values/cash_after_financing | None | 2.435249999999984 |
| /operating_model/outputs/2027Q2:base/values/cfo | None | 8.935249999999984 |
| /operating_model/outputs/2027Q2:base/values/claims | None | 223.74 |
| /operating_model/outputs/2027Q2:base/values/fcf | None | 2.435249999999984 |
| /operating_model/outputs/2027Q2:base/values/gross_earned | None | 435.0 |
| /operating_model/outputs/2027Q2:base/values/gross_profit | None | 129.81 |
| /operating_model/outputs/2027Q2:base/values/net_growth_financing | None | 0.0 |
| /operating_model/outputs/2027Q2:base/values/net_premium | None | 339.0 |
| /operating_model/outputs/2027Q2:base/values/pretax | None | -29.364750000000015 |
| /operating_model/outputs/2027Q2:base/values/revenue | None | 389.0 |
| /operating_model/outputs/2027Q2:downside/case | None | downside |
| /operating_model/outputs/2027Q2:downside/frequency | None | quarter |
| /operating_model/outputs/2027Q2:downside/metrics/adj_ebitda | None | downside_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:downside/metrics/capex | None | downside_2027q2_capex |
| /operating_model/outputs/2027Q2:downside/metrics/cash_after_financing | None | downside_2027q2_cash_after_financing |
| /operating_model/outputs/2027Q2:downside/metrics/cfo | None | downside_2027q2_cfo |
| /operating_model/outputs/2027Q2:downside/metrics/claims | None | downside_2027q2_claims |
| /operating_model/outputs/2027Q2:downside/metrics/fcf | None | downside_2027q2_fcf |
| /operating_model/outputs/2027Q2:downside/metrics/gross_earned | None | downside_2027q2_gross_earned |
| /operating_model/outputs/2027Q2:downside/metrics/gross_profit | None | downside_2027q2_gross_profit |
| /operating_model/outputs/2027Q2:downside/metrics/net_growth_financing | None | downside_2027q2_net_growth_financing |
| /operating_model/outputs/2027Q2:downside/metrics/net_premium | None | downside_2027q2_net_premium |
| /operating_model/outputs/2027Q2:downside/metrics/pretax | None | downside_2027q2_pretax |
| /operating_model/outputs/2027Q2:downside/metrics/revenue | None | downside_2027q2_revenue |
| /operating_model/outputs/2027Q2:downside/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:downside/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:downside/values/adj_ebitda | None | -60.573333333333345 |
| /operating_model/outputs/2027Q2:downside/values/capex | None | 6.5 |
| /operating_model/outputs/2027Q2:downside/values/cash_after_financing | None | -66.57058333333333 |
| /operating_model/outputs/2027Q2:downside/values/cfo | None | -50.07058333333334 |
| /operating_model/outputs/2027Q2:downside/values/claims | None | 223.97333333333336 |
| /operating_model/outputs/2027Q2:downside/values/fcf | None | -56.57058333333334 |
| /operating_model/outputs/2027Q2:downside/values/gross_earned | None | 400.0 |
| /operating_model/outputs/2027Q2:downside/values/gross_profit | None | 96.37666666666667 |
| /operating_model/outputs/2027Q2:downside/values/net_growth_financing | None | -10.0 |
| /operating_model/outputs/2027Q2:downside/values/net_premium | None | 302.6666666666667 |
| /operating_model/outputs/2027Q2:downside/values/pretax | None | -88.37058333333334 |
| /operating_model/outputs/2027Q2:downside/values/revenue | None | 353.0 |
| /operating_model/outputs/2027Q2:upside/case | None | upside |
| /operating_model/outputs/2027Q2:upside/frequency | None | quarter |
| /operating_model/outputs/2027Q2:upside/metrics/adj_ebitda | None | upside_2027q2_adj_ebitda |
| /operating_model/outputs/2027Q2:upside/metrics/capex | None | upside_2027q2_capex |
| /operating_model/outputs/2027Q2:upside/metrics/cash_after_financing | None | upside_2027q2_cash_after_financing |
| /operating_model/outputs/2027Q2:upside/metrics/cfo | None | upside_2027q2_cfo |
| /operating_model/outputs/2027Q2:upside/metrics/claims | None | upside_2027q2_claims |
| /operating_model/outputs/2027Q2:upside/metrics/fcf | None | upside_2027q2_fcf |
| /operating_model/outputs/2027Q2:upside/metrics/gross_earned | None | upside_2027q2_gross_earned |
| /operating_model/outputs/2027Q2:upside/metrics/gross_profit | None | upside_2027q2_gross_profit |
| /operating_model/outputs/2027Q2:upside/metrics/net_growth_financing | None | upside_2027q2_net_growth_financing |
| /operating_model/outputs/2027Q2:upside/metrics/net_premium | None | upside_2027q2_net_premium |
| /operating_model/outputs/2027Q2:upside/metrics/pretax | None | upside_2027q2_pretax |
| /operating_model/outputs/2027Q2:upside/metrics/revenue | None | upside_2027q2_revenue |
| /operating_model/outputs/2027Q2:upside/period | None | 2027Q2 |
| /operating_model/outputs/2027Q2:upside/period_end | None | 2027-06-30 |
| /operating_model/outputs/2027Q2:upside/values/adj_ebitda | None | -2.7550000000000434 |
| /operating_model/outputs/2027Q2:upside/values/capex | None | 6.5 |
| /operating_model/outputs/2027Q2:upside/values/cash_after_financing | None | 4.496499999999957 |
| /operating_model/outputs/2027Q2:upside/values/cfo | None | 5.996499999999957 |
| /operating_model/outputs/2027Q2:upside/values/claims | None | 234.31500000000003 |
| /operating_model/outputs/2027Q2:upside/values/fcf | None | -0.5035000000000434 |
| /operating_model/outputs/2027Q2:upside/values/gross_earned | None | 473.0 |
| /operating_model/outputs/2027Q2:upside/values/gross_profit | None | 157.195 |
| /operating_model/outputs/2027Q2:upside/values/net_growth_financing | None | 5.0 |
| /operating_model/outputs/2027Q2:upside/values/net_premium | None | 381.0 |
| /operating_model/outputs/2027Q2:upside/values/pretax | None | -32.30350000000004 |
| /operating_model/outputs/2027Q2:upside/values/revenue | None | 430.0 |
| /operating_model/outputs/FY2026:base/case | None | base |
| /operating_model/outputs/FY2026:base/frequency | None | year |
| /operating_model/outputs/FY2026:base/metrics/adj_ebitda | None | base_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:base/metrics/capex | None | base_fy2026_capex |
| /operating_model/outputs/FY2026:base/metrics/cash_after_financing | None | base_fy2026_cash_after_financing |
| /operating_model/outputs/FY2026:base/metrics/cfo | None | base_fy2026_cfo |
| /operating_model/outputs/FY2026:base/metrics/claims | None | base_fy2026_claims |
| /operating_model/outputs/FY2026:base/metrics/fcf | None | base_fy2026_fcf |
| /operating_model/outputs/FY2026:base/metrics/gross_earned | None | base_fy2026_gross_earned |
| /operating_model/outputs/FY2026:base/metrics/gross_profit | None | base_fy2026_gross_profit |
| /operating_model/outputs/FY2026:base/metrics/net_growth_financing | None | base_fy2026_net_growth_financing |
| /operating_model/outputs/FY2026:base/metrics/net_premium | None | base_fy2026_net_premium |
| /operating_model/outputs/FY2026:base/metrics/pretax | None | base_fy2026_pretax |
| /operating_model/outputs/FY2026:base/metrics/revenue | None | base_fy2026_revenue |
| /operating_model/outputs/FY2026:base/period | None | FY2026 |
| /operating_model/outputs/FY2026:base/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:base/values/adj_ebitda | None | -49.00000000000002 |
| /operating_model/outputs/FY2026:base/values/capex | None | 18.6 |
| /operating_model/outputs/FY2026:base/values/cash_after_financing | None | 84.98799999999997 |
| /operating_model/outputs/FY2026:base/values/cfo | None | 0.28799999999997894 |
| /operating_model/outputs/FY2026:base/values/claims | None | 665.6116666666667 |
| /operating_model/outputs/FY2026:base/values/fcf | None | -18.31200000000002 |
| /operating_model/outputs/FY2026:base/values/gross_earned | None | 1376.0 |
| /operating_model/outputs/FY2026:base/values/gross_profit | None | 439.5463333333333 |
| /operating_model/outputs/FY2026:base/values/net_growth_financing | None | 103.30000000000001 |
| /operating_model/outputs/FY2026:base/values/net_premium | None | 1042.2666666666669 |
| /operating_model/outputs/FY2026:base/values/pretax | None | -141.51200000000003 |
| /operating_model/outputs/FY2026:base/values/revenue | None | 1217.0 |
| /operating_model/outputs/FY2026:downside/case | None | downside |
| /operating_model/outputs/FY2026:downside/frequency | None | year |
| /operating_model/outputs/FY2026:downside/metrics/adj_ebitda | None | downside_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:downside/metrics/capex | None | downside_fy2026_capex |
| /operating_model/outputs/FY2026:downside/metrics/cash_after_financing | None | downside_fy2026_cash_after_financing |
| /operating_model/outputs/FY2026:downside/metrics/cfo | None | downside_fy2026_cfo |
| /operating_model/outputs/FY2026:downside/metrics/claims | None | downside_fy2026_claims |
| /operating_model/outputs/FY2026:downside/metrics/fcf | None | downside_fy2026_fcf |
| /operating_model/outputs/FY2026:downside/metrics/gross_earned | None | downside_fy2026_gross_earned |
| /operating_model/outputs/FY2026:downside/metrics/gross_profit | None | downside_fy2026_gross_profit |
| /operating_model/outputs/FY2026:downside/metrics/net_growth_financing | None | downside_fy2026_net_growth_financing |
| /operating_model/outputs/FY2026:downside/metrics/net_premium | None | downside_fy2026_net_premium |
| /operating_model/outputs/FY2026:downside/metrics/pretax | None | downside_fy2026_pretax |
| /operating_model/outputs/FY2026:downside/metrics/revenue | None | downside_fy2026_revenue |
| /operating_model/outputs/FY2026:downside/period | None | FY2026 |
| /operating_model/outputs/FY2026:downside/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:downside/values/adj_ebitda | None | -157.68 |
| /operating_model/outputs/FY2026:downside/values/capex | None | 18.6 |
| /operating_model/outputs/FY2026:downside/values/cash_after_financing | None | -52.49199999999999 |
| /operating_model/outputs/FY2026:downside/values/cfo | None | -107.192 |
| /operating_model/outputs/FY2026:downside/values/claims | None | 697.9200000000001 |
| /operating_model/outputs/FY2026:downside/values/fcf | None | -125.79199999999999 |
| /operating_model/outputs/FY2026:downside/values/gross_earned | None | 1355.6 |
| /operating_model/outputs/FY2026:downside/values/gross_profit | None | 381.27 |
| /operating_model/outputs/FY2026:downside/values/net_growth_financing | None | 73.30000000000001 |
| /operating_model/outputs/FY2026:downside/values/net_premium | None | 1012.2666666666668 |
| /operating_model/outputs/FY2026:downside/values/pretax | None | -248.992 |
| /operating_model/outputs/FY2026:downside/values/revenue | None | 1189.4 |
| /operating_model/outputs/FY2026:upside/case | None | upside |
| /operating_model/outputs/FY2026:upside/frequency | None | year |
| /operating_model/outputs/FY2026:upside/metrics/adj_ebitda | None | upside_fy2026_adj_ebitda |
| /operating_model/outputs/FY2026:upside/metrics/capex | None | upside_fy2026_capex |
| /operating_model/outputs/FY2026:upside/metrics/cash_after_financing | None | upside_fy2026_cash_after_financing |
| /operating_model/outputs/FY2026:upside/metrics/cfo | None | upside_fy2026_cfo |
| /operating_model/outputs/FY2026:upside/metrics/claims | None | upside_fy2026_claims |
| /operating_model/outputs/FY2026:upside/metrics/fcf | None | upside_fy2026_fcf |
| /operating_model/outputs/FY2026:upside/metrics/gross_earned | None | upside_fy2026_gross_earned |
| /operating_model/outputs/FY2026:upside/metrics/gross_profit | None | upside_fy2026_gross_profit |
| /operating_model/outputs/FY2026:upside/metrics/net_growth_financing | None | upside_fy2026_net_growth_financing |
| /operating_model/outputs/FY2026:upside/metrics/net_premium | None | upside_fy2026_net_premium |
| /operating_model/outputs/FY2026:upside/metrics/pretax | None | upside_fy2026_pretax |
| /operating_model/outputs/FY2026:upside/metrics/revenue | None | upside_fy2026_revenue |
| /operating_model/outputs/FY2026:upside/period | None | FY2026 |
| /operating_model/outputs/FY2026:upside/period_end | None | 2026-12-31 |
| /operating_model/outputs/FY2026:upside/values/adj_ebitda | None | -64.49666666666675 |
| /operating_model/outputs/FY2026:upside/values/capex | None | 18.6 |
| /operating_model/outputs/FY2026:upside/values/cash_after_financing | None | 69.49133333333324 |
| /operating_model/outputs/FY2026:upside/values/cfo | None | -15.208666666666751 |
| /operating_model/outputs/FY2026:upside/values/claims | None | 661.4566666666667 |
| /operating_model/outputs/FY2026:upside/values/fcf | None | -33.80866666666675 |
| /operating_model/outputs/FY2026:upside/values/gross_earned | None | 1396.6 |
| /operating_model/outputs/FY2026:upside/values/gross_profit | None | 468.4533333333333 |
| /operating_model/outputs/FY2026:upside/values/net_growth_financing | None | 103.30000000000001 |
| /operating_model/outputs/FY2026:upside/values/net_premium | None | 1070.6000000000001 |
| /operating_model/outputs/FY2026:upside/values/pretax | None | -157.00866666666676 |
| /operating_model/outputs/FY2026:upside/values/revenue | None | 1243.4 |
| /operating_model/outputs/FY2027:base/case | None | base |
| /operating_model/outputs/FY2027:base/frequency | None | year |
| /operating_model/outputs/FY2027:base/metrics/adj_ebitda | None | base_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:base/metrics/capex | None | base_fy2027_capex |
| /operating_model/outputs/FY2027:base/metrics/cash_after_financing | None | base_fy2027_cash_after_financing |
| /operating_model/outputs/FY2027:base/metrics/cfo | None | base_fy2027_cfo |
| /operating_model/outputs/FY2027:base/metrics/claims | None | base_fy2027_claims |
| /operating_model/outputs/FY2027:base/metrics/fcf | None | base_fy2027_fcf |
| /operating_model/outputs/FY2027:base/metrics/gross_earned | None | base_fy2027_gross_earned |
| /operating_model/outputs/FY2027:base/metrics/gross_profit | None | base_fy2027_gross_profit |
| /operating_model/outputs/FY2027:base/metrics/net_growth_financing | None | base_fy2027_net_growth_financing |
| /operating_model/outputs/FY2027:base/metrics/net_premium | None | base_fy2027_net_premium |
| /operating_model/outputs/FY2027:base/metrics/pretax | None | base_fy2027_pretax |
| /operating_model/outputs/FY2027:base/metrics/revenue | None | base_fy2027_revenue |
| /operating_model/outputs/FY2027:base/period | None | FY2027 |
| /operating_model/outputs/FY2027:base/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:base/values/adj_ebitda | None | 34.99999999999994 |
| /operating_model/outputs/FY2027:base/values/capex | None | 27.0 |
| /operating_model/outputs/FY2027:base/values/cash_after_financing | None | 45.793499999999945 |
| /operating_model/outputs/FY2027:base/values/cfo | None | 72.79349999999994 |
| /operating_model/outputs/FY2027:base/values/claims | None | 931.4450000000002 |
| /operating_model/outputs/FY2027:base/values/fcf | None | 45.793499999999945 |
| /operating_model/outputs/FY2027:base/values/gross_earned | None | 1815.0 |
| /operating_model/outputs/FY2027:base/values/gross_profit | None | 545.655 |
| /operating_model/outputs/FY2027:base/values/net_growth_financing | None | 0.0 |
| /operating_model/outputs/FY2027:base/values/net_premium | None | 1420.3333333333333 |
| /operating_model/outputs/FY2027:base/values/pretax | None | -83.40650000000005 |
| /operating_model/outputs/FY2027:base/values/revenue | None | 1625.0 |
| /operating_model/outputs/FY2027:downside/case | None | downside |
| /operating_model/outputs/FY2027:downside/frequency | None | year |
| /operating_model/outputs/FY2027:downside/metrics/adj_ebitda | None | downside_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:downside/metrics/capex | None | downside_fy2027_capex |
| /operating_model/outputs/FY2027:downside/metrics/cash_after_financing | None | downside_fy2027_cash_after_financing |
| /operating_model/outputs/FY2027:downside/metrics/cfo | None | downside_fy2027_cfo |
| /operating_model/outputs/FY2027:downside/metrics/claims | None | downside_fy2027_claims |
| /operating_model/outputs/FY2027:downside/metrics/fcf | None | downside_fy2027_fcf |
| /operating_model/outputs/FY2027:downside/metrics/gross_earned | None | downside_fy2027_gross_earned |
| /operating_model/outputs/FY2027:downside/metrics/gross_profit | None | downside_fy2027_gross_profit |
| /operating_model/outputs/FY2027:downside/metrics/net_growth_financing | None | downside_fy2027_net_growth_financing |
| /operating_model/outputs/FY2027:downside/metrics/net_premium | None | downside_fy2027_net_premium |
| /operating_model/outputs/FY2027:downside/metrics/pretax | None | downside_fy2027_pretax |
| /operating_model/outputs/FY2027:downside/metrics/revenue | None | downside_fy2027_revenue |
| /operating_model/outputs/FY2027:downside/period | None | FY2027 |
| /operating_model/outputs/FY2027:downside/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:downside/values/adj_ebitda | None | -262.76666666666665 |
| /operating_model/outputs/FY2027:downside/values/capex | None | 27.0 |
| /operating_model/outputs/FY2027:downside/values/cash_after_financing | None | -285.21316666666667 |
| /operating_model/outputs/FY2027:downside/values/cfo | None | -218.21316666666667 |
| /operating_model/outputs/FY2027:downside/values/claims | None | 924.7266666666667 |
| /operating_model/outputs/FY2027:downside/values/fcf | None | -245.21316666666667 |
| /operating_model/outputs/FY2027:downside/values/gross_earned | None | 1638.0 |
| /operating_model/outputs/FY2027:downside/values/gross_profit | None | 387.5333333333333 |
| /operating_model/outputs/FY2027:downside/values/net_growth_financing | None | -40.0 |
| /operating_model/outputs/FY2027:downside/values/net_premium | None | 1240.6666666666667 |
| /operating_model/outputs/FY2027:downside/values/pretax | None | -374.41316666666665 |
| /operating_model/outputs/FY2027:downside/values/revenue | None | 1446.0 |
| /operating_model/outputs/FY2027:upside/case | None | upside |
| /operating_model/outputs/FY2027:upside/frequency | None | year |
| /operating_model/outputs/FY2027:upside/metrics/adj_ebitda | None | upside_fy2027_adj_ebitda |
| /operating_model/outputs/FY2027:upside/metrics/capex | None | upside_fy2027_capex |
| /operating_model/outputs/FY2027:upside/metrics/cash_after_financing | None | upside_fy2027_cash_after_financing |
| /operating_model/outputs/FY2027:upside/metrics/cfo | None | upside_fy2027_cfo |
| /operating_model/outputs/FY2027:upside/metrics/claims | None | upside_fy2027_claims |
| /operating_model/outputs/FY2027:upside/metrics/fcf | None | upside_fy2027_fcf |
| /operating_model/outputs/FY2027:upside/metrics/gross_earned | None | upside_fy2027_gross_earned |
| /operating_model/outputs/FY2027:upside/metrics/gross_profit | None | upside_fy2027_gross_profit |
| /operating_model/outputs/FY2027:upside/metrics/net_growth_financing | None | upside_fy2027_net_growth_financing |
| /operating_model/outputs/FY2027:upside/metrics/net_premium | None | upside_fy2027_net_premium |
| /operating_model/outputs/FY2027:upside/metrics/pretax | None | upside_fy2027_pretax |
| /operating_model/outputs/FY2027:upside/metrics/revenue | None | upside_fy2027_revenue |
| /operating_model/outputs/FY2027:upside/period | None | FY2027 |
| /operating_model/outputs/FY2027:upside/period_end | None | 2027-12-31 |
| /operating_model/outputs/FY2027:upside/values/adj_ebitda | None | -11.865000000000139 |
| /operating_model/outputs/FY2027:upside/values/capex | None | 27.0 |
| /operating_model/outputs/FY2027:upside/values/cash_after_financing | None | 17.94849999999987 |
| /operating_model/outputs/FY2027:upside/values/cfo | None | 24.948499999999868 |
| /operating_model/outputs/FY2027:upside/values/claims | None | 995.7850000000003 |
| /operating_model/outputs/FY2027:upside/values/fcf | None | -2.051500000000132 |
| /operating_model/outputs/FY2027:upside/values/gross_earned | None | 2001.0 |
| /operating_model/outputs/FY2027:upside/values/gross_profit | None | 664.4349999999998 |
| /operating_model/outputs/FY2027:upside/values/net_growth_financing | None | 20.0 |
| /operating_model/outputs/FY2027:upside/values/net_premium | None | 1622.3333333333335 |
| /operating_model/outputs/FY2027:upside/values/pretax | None | -131.25150000000014 |
| /operating_model/outputs/FY2027:upside/values/revenue | None | 1823.0 |
| /operating_model/reviewed_at | None | 2026-09-19 |
| /operating_model/schema_version | None | operating_model.v1 |
| /operating_model/title | None | Earned premium, retained claims and growth-financing cash |
| /research/change_note | None | Added earned-premium and claims scenarios, revised reinsurance context and a two-facility growth-financing cash bridge. |
| /research/checkpoints/0/date_status | None | estimated |
| /research/checkpoints/0/event | None | Current claims and retention |
| /research/checkpoints/0/timing | None | Next quarterly report |
| /research/checkpoints/0/watch | None | Separate accident-period loss costs, prior development, catastrophe losses and effective cession. |
| /research/checkpoints/1/date_status | None | confirmed |
| /research/checkpoints/1/event | None | Investor Day |
| /research/checkpoints/1/timing | None | November 17, 2026 |
| /research/checkpoints/1/watch | None | Review any revised growth, underwriting and capital targets before promotion. |
| /research/checkpoints/2/date_status | None | estimated |
| /research/checkpoints/2/event | None | Financing and CFO transition |
| /research/checkpoints/2/timing | None | January 1, 2027 |
| /research/checkpoints/2/watch | None | Confirm Hannover funding eligibility, old GC repayments and the announced CFO succession. |
| /research/countercase | None | A stronger premium growth rate can coexist with adverse claims, reduced reinsurance protection and borrowing-funded acquisition cash. Prior-year reserve releases may not recur, and financing must eventually be repaid. |
| /research/economics | None | H1 gross earned premium was $638.6M and revenue $552.4M; net loss was $79.2M and adjusted EBITDA negative $35.8M. CFO negative $4.0M less capex $8.1M gives negative $12.1M FCF. Adding $48.3M net growth borrowing produces company adjusted FCF $36.2M: the improvement is financing. Q2 gross loss ratio 60% included seven points of favorable prior-period development. July quota-share cession fell to 18%, with changed occurrence/catastrophe protections; effective net earned premium does not equal gross premium times a single treaty rate. Base FY2026 earned premium $1.376B, revenue $1.217B and EBITDA negative $49M match outlook midpoints. June growth borrowing was $206.4M. New Hannover advances begin in 2027 under a $150M outstanding cap, while old GC cohorts still require repayment. Required insurance surplus was about $330M; cash/investments are not all free parent capital. |
| /research/limitations/0 | None | IFP is an annualized end-of-period stock and includes about 4% third-party placed business. It is not divided by four to manufacture GAAP earned premium. No annual sum of IFP or borrowing balances is presented. |
| /research/limitations/1 | None | July quota-share cession fell to 18%, but consolidated effective ceded premium also reflects timing, product mix and other programs. Model retention is an explicitly calibrated effective rate, not one minus the headline quota-share percentage. |
| /research/limitations/2 | None | Q2 gross loss ratio included seven points of favorable prior-period development. Forecasts do not repeat that benefit indefinitely. The model is not an actuarial reserve or catastrophe exceedance-probability analysis. |
| /research/limitations/3 | None | Renewal changed catastrophe and per-occurrence protections, and the property-per-risk contract was not renewed. Gross/net loss sensitivities approximate these exposures; internal captive cessions are not treated as risk disappearing from the consolidated group. |
| /research/limitations/4 | None | Company adjusted FCF includes net growth-financing borrowings. Unfinanced CFO less capex and financing proceeds are shown separately; debt funding is not operating cash generation. |
| /research/limitations/5 | None | General Catalyst historical cohorts retain their repayment obligations after new 2027 financing switches to Hannover. The Hannover 2027 outstanding cap is $150M; $250M applies in 2028. Assumed advances and repayments remain conditional on contract requirements. |
| /research/limitations/6 | None | Hannover interest assumes a 4% three-year Treasury reference plus 5.8%; the contractual rate uses the applicable Treasury reference, floored at zero. Quarter-average balances approximate actual cash interest timing. |
| /research/limitations/7 | None | Cash/investments include insurance-company assets supporting claims and required statutory surplus. They are not all available parent cash. No statutory capital/dividend, diluted EPS or full liquidity forecast is provided. |
| /research/limitations/8 | None | Q3/FY2026 SBC outlook and all quarterly cash, working-capital, loss and FY2027 assumptions are identified separately. CFO succession is effective January 1, 2027, not at this review date. |
| /research/question | None | Can earned premium growth fund its own acquisition costs as reinsurance and growth financing change? |
| /research/reviewed_at | None | 2026-09-19 |
| /research/risks/0 | None | Catastrophe and reserve development can overwhelm quarterly margins. |
| /research/risks/1 | None | Lower cession increases exposure to retained losses and capital needs. |
| /research/risks/2 | None | Marketing efficiency may not sustain growth targets. |
| /research/risks/3 | None | Growth borrowing can improve adjusted FCF while adding future cash claims. |
| /research/risks/4 | None | Insurance capital restrictions limit parent access to reported liquidity. |
| /research/title | None | Underwriting progress and the cash borrowed to fund growth |
| /sources/0/retrieved | None | 2026-09-19 |
| /sources/0/title | None | Q2 filing, reinsurance renewal, cash and regulatory capital |
| /sources/0/url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000055/lmnd-20260630.htm |
| /sources/1/retrieved | None | 2026-09-19 |
| /sources/1/title | None | Q2 shareholder letter and outlook |
| /sources/1/url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000047/lmndshareholderletterq22.htm |
| /sources/2/retrieved | None | 2026-09-19 |
| /sources/2/title | None | Hannover financing terms and 2027 cap |
| /sources/2/url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000041/lmnd-20260622.htm |
| /sources/3/retrieved | None | 2026-09-19 |
| /sources/3/title | None | Announced CFO succession effective January 2027 |
| /sources/3/url | None | https://www.sec.gov/Archives/edgar/data/1691421/000169142126000050/lmnd-20260727.htm |
| /thesis/scenario_ranges | None | Explicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands. |
| /thesis/view | Premium growth can produce operating scale, but lower cession retains more insurance risk. The model distinguishes gross earned premium from in-force premium and keeps growth borrowing below operating cash generation. | |
| /thesis/what_changes_it | Test current-accident claims and renewal protection, then cash before borrowing and repayment of existing growth-financing cohorts. |