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Consolidated Lease Liabilities And Right-Of-Use Lease Assets Related To Operating Leases (Detail)
$ in Millions
Dec. 31, 2019
USD ($)
Maturity of lease payments, by year  
1 year or less $ 39.0
More than 1 year to 2 years 36.5
More than 2 years to 3 years 28.9
More than 3 years to 4 years 27.2
More than 4 years to 5 years 24.8
More than 5 years 145.2
Total lease payments 301.6 [1]
Less: interest (60.5) [2]
Lease liabilities 241.1 [3]
Right-of-use lease assets 209.7 [4]
Prepaid lease assets, net of lease allowances and incentives 31.4
Right-of-use lease assets and prepaid lease assets, net of lease allowances and incentives $ 241.1
[1] As of December 31, 2019, the weighted average lease term was approximately 12 years.
[2] As of December 31, 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.