The following table presents operating lease right-of-use assets and lease liabilities.


(Dollars in Millions)	Mar 31, 2021		Dec 31, 2020
Operating Lease Right-of-Use Assets	$	66.5	$	68.6
Operating Lease Liabilities	87.6		89.6

Lease expenses are primarily included in Insurance Expenses in the Condensed Consolidated Statement of Income. Additional information regarding the Company’s lease cost is presented below.


	Three Months Ended
(Dollars in Millions)	Mar 31, 2021		Mar 31, 2020
Lease Cost:
Amortization of Right-of-Use Assets - Finance Leases	$	0.1	$	0.1
Operating Lease Cost	5.1		5.6
Short-Term Lease Cost (1)	0.9		—
Total Lease Cost	$	6.1	$	5.7

(1) - Leases with an initial term of twelve months or less are not recorded on the Condensed Consolidated Balance Sheets.

(2) - Sublease income consists of rent from third parties of office space and is recognized as part of other income in the Condensed Consolidated Statements of Income.

Supplemental cash flow information related to the Company’s operating and finance leases for the three months ended March 31, 2021 and 2020 is as follows:


	Three Months Ended
(Dollars in Millions)	Mar 31, 2021		Mar 31, 2020
Operating Cash Flows from Operating Lease (Fixed Payments)	$	5.4	$	5.3
Operating Cash Flows from Operating Lease (Liability Reduction)	4.6		4.7
Financing Cash Flows from Finance Leases	0.1		0.1
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	2.3		11.3

Significant judgments and assumptions for determining lease asset and liability at March 31, 2021 and 2020 are presented below.


	Three Months Ended
	Mar 31, 2021		Mar 31, 2020
Weighted-average Remaining Lease Term - Finance Leases	0.5 years		1.4 years
Weighted-average Remaining Lease Term - Operating Leases	6.6 years		7.0 years
Weighted-average Discount Rate - Finance Leases	4.0	%	4.0	%
Weighted-average Discount Rate - Operating Leases	4.0	%	3.8	%