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Consolidated Lease Liabilities And Right-Of-Use Lease Assets Related To Operating Leases (Detail)
$ in Millions
Dec. 31, 2020
USD ($)
Maturity of lease payments, by year  
1 year or less $ 48.5
More than 1 year to 2 years 38.7
More than 2 years to 3 years 35.4
More than 3 years to 4 years 32.6
More than 4 years to 5 years 29.0
More than 5 years 159.8
Total lease payments 344.0 [1]
Less: interest (88.5) [2]
Lease liabilities $ 255.5 [3]
Operating Lease, Liability, Statement of Financial Position [Extensible List] us-gaap:OtherLiabilitiesMember
Right-of-use lease assets $ 227.7 [4]
Prepaid lease assets, net of lease allowances and incentives 27.8
Right-of-use lease assets and prepaid lease assets, net of lease allowances and incentives $ 255.5
[1] As of December 31, 2020, the weighted average lease term was approximately 13 years.
[2] As of December 31, 2020, 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.