XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.23.3

Borrowings and Financing Activities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Long-Term Debt, Unclassified [Abstract] |
Schedule of Debt | The carrying value of our debt as of the dates indicated was as follows.
Borrowings
($ in thousands) |  | Interest rate |  | September 30, 2023 |  | December 31, 2022
Senior notes |  |  |  |  |  |
Senior Notes due 2024 |  | 4.500 | % |  | $ | 448,723 |  |  | $ | 447,805 |
Senior Notes due 2025 |  | 6.625 | % |  | 521,820 |  |  | 520,305 |
Senior Notes due 2027 |  | 4.875 | % |  | 446,144 |  |  | 445,394 |
Total senior notes |  |  |  | $ | 1,416,687 |  |  | $ | 1,413,504 |
($ in thousands) |  | Average interest rate (1) |  | September 30, 2023 |  | December 31, 2022
Secured borrowings |  |  |  |  |  |
FHLB advances |  |  |  |  |  |
FHLB advances due 2023 |  | 4.666 | % |  | $ | 64,745 |  |  | $ | 104,895 |
FHLB advances due 2024 (2) |  | 3.325 | % |  | 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 |  |  |  | 119,522 |  |  | 153,686 |
Mortgage loan financing facilities |  | 7.050 | % |  | 122,231 |  |  | 2,136 |
Total secured borrowings |  |  |  | $ | 241,753 |  |  | $ | 155,822 |
(1)As of September 30, 2023. See “FHLB Advances” and “Mortgage Loan Financing Facilities” below for more information. (2)Includes $13 million of floating-rate advances with a weighted average interest rate of 5.51% and 3.62% as of September 30, 2023, and December 31, 2022, respectively, which resets daily based on changes in SOFR.

X
- References No definition available. + Details
Name: | us-gaap_LongTermDebtAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration