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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of Lease Expense



($ in thousands)		Quarter ended June 30, 2019			Six Months ended June 30, 2019
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income		$	2,245		$	4,397
Finance lease cost:
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income		315			599
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income		7			7
Total finance lease cost		322			606

Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income		(120		)	668

Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income		437			1,175

Supplemental Lease Information



	June 30, 2019
Weighted-average remaining lease term
Operating leases	6	years
Finance leases	2
Weighted-average discount rate
Operating leases	3.4	%
Finance leases¹	1.8

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.

Lease Assets and Liabilities



($ in thousands)	June 30, 2019
Operating leases
Other assets	$	29,632
Other liabilities	30,336
Finance leases
Property and equipment - at cost, net of accumulated depreciation and amortization	1,106
Long-term debt	1,109

Maturities of Lease Liabilities



($ in thousands)		Finance Leases			Operating Leases		Total
Year ended December 31,
2019 (excluding the six months ended June 30, 2019)		389			4,044		4,433
2020		448			7,737		8,185
2021		244			5,483		5,727
2022		53			3,912		3,965
2023		—			2,900		2,900
Thereafter		—			9,698		9,698
Total lease payments		1,134			33,774		34,908
Less: imputed interest		25			3,438		3,463
Total lease liabilities		$	1,109		30,336		31,445

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