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Commitments and Contingencies
 9 Months Ended
Sep. 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 September 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 $1,974,000 and $2,056,000 at September 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 LineSeptember 30, 2021December 31, 2020
Assets
Operating lease assets
Other assets$1,832 $2,168 
Financing lease assets
Property and equipment, net677 1,214 
Total lease assets
$2,509 $3,382 
Liabilities
Operating lease liabilities
Operating lease liability$2,038 $2,311 
Financing lease liabilities
Other liabilities21 36 
Total lease liabilities
$2,059 $2,347 

The components of lease expenses were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Operating lease expense$161 $174 $492 $469 
Financing lease expense:
Amortization of leased assets
207 184 598 511 
Interest on lease liabilities
— — 1 1 
Net lease expense$368 $358 $1,091 $981 
At September 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$156 $5 $161 
2022636 15 651 
2023619 4 623 
2024602 417 1,019 
2025257 — 257 
Thereafter1,193 — 1,193 
Total undiscounted future minimum lease payments
3,463 441 3,904 
Less: Imputed interest(1,425)(420)(1,845)
Present value of lease liabilities
$2,038 $21 $2,059 



Weighted average remaining lease term and discount rate related to operating and finance leases were as follows:

September 30, 2021December 31, 2020
Weighted average remaining lease term (months)
Operating leases
55 67 
Financing leases
19 23 
Weighted average discount rate
Operating leases
3.60 %3.57 %
Financing leases
3.27 %3.27 %

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

Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Cash paid for amounts included in the measurement of lease liabilities
Investing cash flows from financing leases
$35 $27 $68 $505 
Right-of-use assets obtained in exchange for new operating lease liabilities14 — — 2,136 
Right-of-use assets obtained in exchange for new financing lease liabilities37 28 70 522 

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.