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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Expense



($ in thousands)		Quarter ended September 30, 2019			Nine Months ended September 30, 2019
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income		$	2,234		6,631
Finance lease cost:
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income		217			816
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income		5			12
Total finance lease cost		222			828

Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income		(548		)	120

Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income		502			1,677

Supplemental Lease Information



	September 30, 2019
Weighted-average remaining lease term
Operating leases	6	years
Finance leases	2
Weighted-average discount rate
Operating leases	3.4	%
Finance leases¹	2.0

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)	September 30, 2019
Operating leases
Other assets	$	28,348
Other liabilities	29,218
Finance leases
Property and equipment - at cost, net of accumulated depreciation and amortization	899
Long-term debt	904

Maturities of Lease Liabilities



($ in thousands)		Finance Leases			Operating Leases		Total
Year ended December 31,
2019 (excluding the nine months ended September 30, 2019)		$	171		2,071		2,242
2020		451			8,164		8,615
2021		248			6,033		6,281
2022		54			4,443		4,497
2023		—			3,232		3,232
Thereafter		—			11,446		11,446
Total lease payments		924			35,389		36,313
Less: imputed interest		20			3,230		3,250
Less: leases that have not yet commenced		—			2,941		2,941
Total lease liabilities		$	904		29,218		30,122

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