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v3.23.2

Borrowings and Financing Activities (Tables) | 6 Months Ended
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Jun. 30, 2023
Long-Term Debt, Unclassified [Abstract] |
Schedule of Debt | The carrying value of our debt at June 30, 2023, and December 31, 2022, was as follows.
Borrowings
($ in thousands) |  | Interest rate |  | June 30, 2023 |  | December 31, 2022
Senior notes |  |  |  |  |  |
Senior Notes due 2024 |  | 4.500 | % |  | $ | 448,414 |  |  | $ | 447,805 |
Senior Notes due 2025 |  | 6.625 | % |  | 521,306 |  |  | 520,305 |
Senior Notes due 2027 |  | 4.875 | % |  | 445,890 |  |  | 445,394 |
Total senior notes |  |  |  | $ | 1,415,610 |  |  | $ | 1,413,504 |
($ in thousands) |  | Average interest rate (1) |  | June 30, 2023 |  | December 31, 2022
Secured borrowings |  |  |  |  |  |
FHLB advances |  |  |  |  |  |
FHLB advances due 2023 |  | 4.596 | % |  | $ | 75,036 |  |  | $ | 104,895 |
FHLB advances due 2024 (2) |  | 3.222 | % |  | 32,371 |  |  | 32,371 |
FHLB advances due 2025 |  | 2.340 | % |  | 12,684 |  |  | 9,984 |
FHLB advances due 2026 |  | 4.469 | % |  | 1,835 |  |  | — |
FHLB advances due 2027 |  | 2.562 | % |  | 7,887 |  |  | 6,436 |
Total FHLB advances |  |  |  | 129,813 |  |  | 153,686 |
Mortgage financing facilities |  | 6.880 | % |  | 48,949 |  |  | 2,136 |
Total secured borrowings |  |  |  | $ | 178,762 |  |  | $ | 155,822 |
(1)As of June 30, 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 5.26% and 3.62% as of June 30, 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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