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Indebtedness
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Indebtedness Indebtedness
The table below provides a summary of our outstanding debt at March 31, 2025, and December 31, 2024:

Outstanding Debt Issuance DateMaturity DateInterest RateOriginal Amount2025Carry Value
($ in thousands)Unamortized Issuance CostsDebt DiscountMarch 31, 2025December 31, 2024
Description
Long-term
      FHLBI12/16/201612/16/20263.03 %60,000 — — 60,000 60,000 
      Senior Notes11/16/200411/15/20347.25 %50,000 96 68 49,836 49,831 
Senior Notes2/20/20254/15/20355.90 %400,000 4,003 88 395,909 — 
      Senior Notes11/3/200511/1/20356.70 %100,000 193 403 99,404 99,391 
Senior Notes3/1/20193/1/20495.375 %300,000 2,152 5,346 292,502 292,434 
Finance lease obligations5,581 6,282 
Total long-term debt6,444 5,905 903,232 507,938 

Long-Term Debt Activity
In First Quarter 2025 we issued $400 million of 5.90% Senior Notes due 2035 at a discount of $0.1 million, resulting in $395.9 million of net proceeds after approximately $4.1 million in debt issuance costs. The 5.90% Senior Notes will pay interest on April 15 and October 15 of each year, beginning on October 15, 2025. The proceeds from this debt issuance are being used for general corporate purposes, including supporting organic growth.

For additional information on our indebtedness and debt covenants, see Note 11. "Indebtedness" in Item 8. "Financial Statements and Supplementary Data." of our 2024 Annual Report.