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v3.23.1

Borrowings and Financing Activities (Tables) | 3 Months Ended
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Mar. 31, 2023
Long-Term Debt, Unclassified [Abstract] |
Schedule of Debt | The carrying value of our debt at March 31, 2023, and December 31, 2022, was as follows.
Borrowings
($ in thousands) |  | Interest rate |  | March 31, 2023 |  | December 31, 2022
Senior notes |  |  |  |  |  |
Senior Notes due 2024 |  | 4.500 | % |  | $ | 448,108 |  |  | $ | 447,805 |
Senior Notes due 2025 |  | 6.625 | % |  | 520,801 |  |  | 520,305 |
Senior Notes due 2027 |  | 4.875 | % |  | 445,640 |  |  | 445,394 |
Total senior notes |  |  |  | $ | 1,414,549 |  |  | $ | 1,413,504 |
($ in thousands) |  | Average interest rate (1) |  | March 31, 2023 |  | December 31, 2022
Other borrowings |  |  |  |  |  |
FHLB advances |  |  |  |  |  |
FHLB advances due 2023 |  | 1.576 | % |  | $ | 60,745 |  |  | $ | 104,895 |
FHLB advances due 2024 (2) |  | 3.122 | % |  | 32,371 |  |  | 32,371 |
FHLB advances due 2025 |  | 2.161 | % |  | 11,784 |  |  | 9,984 |
FHLB advances due 2026 |  | 4.469 | % |  | 1,835 |  |  | — |
FHLB advances due 2027 |  | 2.181 | % |  | 6,436 |  |  | 6,436 |
Total FHLB advances |  |  |  | 113,171 |  |  | 153,686 |
Mortgage financing facilities |  | 6.559 | % |  | 8,471 |  |  | 2,136 |
Total other borrowings |  |  |  | $ | 121,642 |  |  | $ | 155,822 |
(1)As of March 31, 2023. See “FHLB Advances” and “Mortgage Financing Facilities” below for more information. (2)Includes $13.4 million of floating-rate advances with a weighted average interest rate of 5.02% and 3.62% as of March 31, 2023, and December 31, 2022, respectively, which resets daily based on changes in SOFR.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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