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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We have various operating leases for office space, equipment, and fleet vehicles. In addition, we have various finance leases for computer hardware. Such lease agreements, which expire at various dates through 2035, are generally renewed or replaced by similar leases.

The components of lease expense for the years ended December 31, 2024 and 2023 were as follows:

($ in thousands)20242023
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income$8,413 7,409 
Finance lease cost:
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income2,707 2,692 
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income234 66 
Total finance lease cost2,941 2,758 
Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income763 996 
Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income$294 411 

The following table provides supplemental information regarding our operating and finance leases.

December 31, 2024December 31, 2023
Weighted-average remaining lease term
Operating leases67years
Finance leases22
Weighted-average discount rate
Operating leases3.4 2.8 %
Finance leases4.9 3.5 

Operating and finance lease asset and liability balances are included within the following line items on the Consolidated Balance Sheets:

($ in thousands)December 31, 2024December 31, 2023
Operating leases
Other assets$45,072 41,256 
Other liabilities47,732 43,675 
Finance leases
Property and equipment - at cost, net of accumulated depreciation and amortization6,173 2,605 
Long-term debt6,282 2,636 

The maturities of our lease liabilities at December 31, 2024 were as follows:

($ in thousands)Finance LeasesOperating LeasesTotal
Year ended December 31,
2025$2,957 9,675 12,632 
20262,579 9,260 11,839 
2027973 8,408 9,381 
202897 7,134 7,231 
202962 6,764 6,826 
Thereafter— 12,267 12,267 
Total lease payments6,668 53,508 60,176 
Less: imputed interest386 5,207 5,593 
Less: leases that have not yet commenced— 569 569 
Total lease liabilities$6,282 47,732 54,014 

Refer to Note 4. "Statements of Cash Flows" in Item 8. "Financial Statements and Supplementary Data." of Form 10-K for supplemental cash and non-cash transactions included in the measurement of operating and finance lease liabilities.
Leases Leases
We have various operating leases for office space, equipment, and fleet vehicles. In addition, we have various finance leases for computer hardware. Such lease agreements, which expire at various dates through 2035, are generally renewed or replaced by similar leases.

The components of lease expense for the years ended December 31, 2024 and 2023 were as follows:

($ in thousands)20242023
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income$8,413 7,409 
Finance lease cost:
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income2,707 2,692 
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income234 66 
Total finance lease cost2,941 2,758 
Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income763 996 
Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income$294 411 

The following table provides supplemental information regarding our operating and finance leases.

December 31, 2024December 31, 2023
Weighted-average remaining lease term
Operating leases67years
Finance leases22
Weighted-average discount rate
Operating leases3.4 2.8 %
Finance leases4.9 3.5 

Operating and finance lease asset and liability balances are included within the following line items on the Consolidated Balance Sheets:

($ in thousands)December 31, 2024December 31, 2023
Operating leases
Other assets$45,072 41,256 
Other liabilities47,732 43,675 
Finance leases
Property and equipment - at cost, net of accumulated depreciation and amortization6,173 2,605 
Long-term debt6,282 2,636 

The maturities of our lease liabilities at December 31, 2024 were as follows:

($ in thousands)Finance LeasesOperating LeasesTotal
Year ended December 31,
2025$2,957 9,675 12,632 
20262,579 9,260 11,839 
2027973 8,408 9,381 
202897 7,134 7,231 
202962 6,764 6,826 
Thereafter— 12,267 12,267 
Total lease payments6,668 53,508 60,176 
Less: imputed interest386 5,207 5,593 
Less: leases that have not yet commenced— 569 569 
Total lease liabilities$6,282 47,732 54,014 

Refer to Note 4. "Statements of Cash Flows" in Item 8. "Financial Statements and Supplementary Data." of Form 10-K for supplemental cash and non-cash transactions included in the measurement of operating and finance lease liabilities.