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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Line of Credit Covenant Requirements
Required as ofActual as of
December 31, 2020December 31, 2020
Consolidated net worth1
Not less than$1.6 billion$2.5 billion
Debt to total capitalization ratio1
Not to exceed35%17.9%
Schedule of Long-term Debt Instruments
Outstanding Debt2020Carry Value
Issuance DateMaturity DateInterest RateOriginal AmountUnamortized Issuance CostsDebt DiscountDecember 31, 2020December 31, 2019
($ in thousands)
Description
Long term
(1) Senior Notes3/1/20193/1/20495.375 %300,000 $2,934 5,759 291,307 291,010 
(2) FHLBI12/16/201612/16/20263.03 %60,000   60,000 60,000 
(3) FHLBNY8/15/20168/16/20211.56 %25,000   25,000 25,000 
(3) FHLBNY7/21/20167/21/20211.61 %25,000   25,000 25,000 
(4) Senior Notes11/3/200511/1/20356.70 %100,000 319 501 99,180 99,125 
(5) Senior Notes11/16/200411/15/20347.25 %50,000 166 86 49,748 49,725 
Finance lease obligations508 737 
Total long-term debt$3,419 6,346 550,743 550,597