XML 147 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Indebtedness (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Line of Credit Covenant Requirements
 
 
Required as of
 
Actual as of
 
 
December 31, 2019
 
December 31, 2019
Consolidated net worth1
 
Not less than $1.4 billion
 
$2.1 billion
Debt to total capitalization ratio1
 
Not to exceed 35%
 
20.7%

Schedule of Long-term Debt Instruments
Outstanding Debt
 
 
 
 
 
 
 
 
 
2019
 
Carry Value
 
 
Issuance Date
 
Maturity Date
 
Interest Rate
 
Original Amount
 
Unamortized Issuance Costs
Debt Discount
 
December 31, 2019
 
December 31, 2018
($ in thousands)
 
 
 
 
 
 
 
Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long term
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Issuance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Senior Notes
 
3/1/2019
 
3/1/2049
 
5.375
%
 
$
300,000

 
(3,147
)
(5,843
)
 
291,010

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Redemption:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Senior Notes
 
2/8/2013
 
2/9/2043
 
5.875
%
 
185,000

 


 

 
180,771

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) FHLBI
 
12/16/2016
 
12/16/2026
 
3.03
%
 
60,000

 


 
60,000

 
60,000

(3) FHLBNY
 
8/15/2016
 
8/16/2021
 
1.56
%
 
25,000

 


 
25,000

 
25,000

(3) FHLBNY
 
7/21/2016
 
7/21/2021
 
1.61
%
 
25,000

 


 
25,000

 
25,000

(4) Senior Notes
 
11/3/2005
 
11/1/2035
 
6.70
%
 
100,000

 
(355
)
(520
)
 
99,125

 
99,069

(5) Senior Notes
 
11/16/2004
 
11/15/2034
 
7.25
%
 
50,000

 
(185
)
(90
)
 
49,725

 
49,700

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Finance lease obligations1
 
 
 
 
 
 
 
 
 
 
 
 
737

 

Total long-term debt
 
 
 
 
 
 
 
 
 
(3,687
)
(6,453
)
 
550,597

 
439,540