Leases (Tables)

3 Months Ended

Mar. 31, 2019



($ in thousands)	Quarter ended March 31, 2019
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income	$	2,152
Finance lease cost:
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income	284
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income	—
Total finance lease cost	284

Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income	788

Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income	739

Supplemental Lease Information



	March 31, 2019
Weighted-average remaining lease term
Operating leases	5	years
Finance leases	1
Weighted-average discount rate
Operating leases	3.3	%
Finance leases¹	—

¹Prior to adoption of ASU 2016-02, our historical capital lease liability and asset were measured using an un-discounted cash flow stream due to immateriality of the capital lease population. As we have elected the practical expedient that does not require us to reassess our population of capital leases upon adoption of ASU 2016-02, our existing finance leases do not have a weighted-average discount rate.

Lease Assets and Liabilities



($ in thousands)	March 31, 2019
Operating leases
Other assets	$	24,946
Other liabilities	25,415
Finance leases
Property and equipment - at cost, net of accumulated depreciation and amortization	607
Long-term debt	607

Maturities of Lease Liabilities



($ in thousands)	Finance Leases		Operating Leases	Total
Year ended December 31,
2019 (excluding the three months ended March 31, 2019)	$	444	5,779	6,223
2020	141		7,355	7,496
2021	22		5,083	5,105
2022	—		3,641	3,641
2023	—		2,900	2,900
Thereafter	—		9,698	9,698
Total lease payments	607		34,456	35,063
Less: imputed interest	—		3,610	3,610
Less: leases that have not yet commenced	—		5,431	5,431
Total lease liabilities	$	607	25,415	26,022

Schedule of Future Minimum Rental Commitments For Non-Cancelable Leases



($ in thousands)	Capital Leases		Operating Leases	Total
2019	$	728	7,762	8,490
2020	141		7,355	7,496
2021	22		5,083	5,105
2022	—		3,641	3,641
2023	—		2,900	2,900
Thereafter	—		9,698	9,698
Total minimum payment required	$	891	36,439	37,330