Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Consolidated Lease Liabilities And Right-Of-Use Lease Assets Related To Operating Leases

The following table presents Alleghany’s consolidated lease liabilities and right-of-use lease assets related to operating leases as of September 30, 2019:

	As of September 30, 2019
Maturity of lease payments, by year	($ in millions)
1 year or less	$	38.4
More than 1 year to 2 years		35.4
More than 2 years to 3 years		30.0
More than 3 years to 4 years		26.8
More than 4 years to 5 years		24.9
More than 5 years		149.4
Total lease payments(1)		304.9
Less: interest(2)		(64.6	)
Lease liabilities(3)	$	240.3
Right-of-use lease assets(4)	$	212.1
Prepaid lease assets, net of lease allowances and incentives		28.2
	$	240.3

(1) As of September 30, 2019, the weighted average lease term was approximately 12 years.

(2) As of September 30, 2019, the weighted average discount rate was approximately 5 percent.

(3) Represents the present value of lease liabilities and is reported as a component of other liabilities on Alleghany’s Consolidated Balance Sheet.

(4) Reported as a component of other assets on Alleghany’s Consolidated Balance Sheet.