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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Litigation

We are involved in claims-related legal actions arising in the ordinary course of business. We accrue amounts resulting from claims-related legal actions in unpaid losses and LAE during the period that we determine an unfavorable outcome becomes probable and we can estimate the amounts. Management makes revisions to our estimates based on its analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) company and industry historical loss experience; (iii) judicial decisions and legal developments in the awarding of damages; and (iv) trends in general economic conditions, including the effects of inflation.
At June 30, 2021, we were not involved in any material non-claims-related legal actions.

Commitments to fund partnership investments

We have fully funded three limited partnership investments and have committed to fund our remaining five limited partnership investments. The amount of unfunded commitments was $1,977,000 and $2,056,000 at June 30, 2021 and December 31, 2020, respectively.

Leases

We, as lessee, have entered into leases of commercial office space of various term lengths. In addition to office space, we lease office equipment and a parking lot under operating leases and vehicles under finance leases.

The classification of operating and finance lease asset and liability balances within the Unaudited Condensed Consolidated Balance Sheets was as follows:
Financial Statement LineJune 30, 2021December 31, 2020
Assets
Operating lease assets
Other assets$1,960 $2,168 
Financing lease assets
Property and equipment, net851 1,214 
Total lease assets
$2,811 $3,382 
Liabilities
Operating lease liabilities
Operating lease liability$2,159 $2,311 
Financing lease liabilities
Other liabilities25 36 
Total lease liabilities
$2,184 $2,347 

The components of lease expenses were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Operating lease expense$166 $168 $331 $295 
Financing lease expense:
Amortization of leased assets
196 176 391 327 
Interest on lease liabilities
— 1 — 1 
Net lease expense$362 $345 $722 $623 

At June 30, 2021, future minimum gross lease payments relating to these non-cancellable operating and finance lease agreements were as follows:
Operating LeasesFinance LeasesTotal
Remaining in 2021$311 $11 $322 
2022633 14 647 
2023616 4 620 
2024599 116 715 
2025254 — 254 
Thereafter1,190 — 1,190 
Total undiscounted future minimum lease payments
3,603 145 3,748 
Less: Imputed interest(1,444)(120)(1,564)
Present value of lease liabilities
$2,159 $25 $2,184 
Weighted average remaining lease term and discount rate related to operating and finance leases were as follows:

June 30, 2021December 31, 2020
Weighted average remaining lease term (months)
Operating leases
58 67 
Financing leases
19 23 
Weighted average discount rate
Operating leases
3.59 %3.57 %
Financing leases
3.27 %3.27 %

Other cash and non-cash related activities were as follows:

Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Cash paid for amounts included in the measurement of lease liabilities
Investing cash flows from financing leases
$33 $281 $33 $478 
Right-of-use assets obtained in exchange for new operating lease liabilities— — — 2,136 
Right-of-use assets obtained in exchange for new financing lease liabilities33 291 33 494 

See Note 9 of these Notes to Unaudited Condensed Consolidated Financial Statements for information regarding commitments related to long-term debt, and Note 12 of these Notes to Unaudited Condensed Consolidated Financial Statements for information regarding commitments related to regulatory actions.