Guidance Update

The following Guidance update is based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Forward-looking statements safe harbor" below.



 		Prior

 		Updated

 

 


 

2026 FY

 

Guidance



 

2026 FY

 

Guidance



 

 


 

 
Gross Written Premium$1.4 - 1.5B

 		$1.45 - $1.525B

 

 
Net Written Premium$500 - $540M

 		$520 - $550M

 

 
Revenue

 

 		$560 - $570M

 

 
Combined Ratio103% - 105%

 		103% - 105%

 

 
CAT Loss Ratio13 %

 		13 %

 

 
Adjusted Net Income (Loss)(1)$45 - $55M

 		$48 - $56M

 

 
Stock-based compensation + Depreciation and Amortization$41M

 		$42M