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DEBT AND FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2022

The following table summarizes the Company's debt:


Year ended December 31,	2022		2021


5.150% Senior Notes	$	246,708	$	246,632
4.000% Senior Notes	348,020		347,665
3.900% Senior Notes	296,615		296,172
Junior Subordinated Notes	420,971		420,506
Total Debt	$	1,312,314	$	1,310,975

The tables below provide the key terms of the Company's debt:


Description	Issuance Date	Aggregate Principal		Issue Price		Net Proceeds		Maturity Date

5.150% Senior Notes	March 13, 2014	$	250,000	99.474	%	$	246,000	April 1, 2045
4.000% Senior Notes	December 6, 2017	$	350,000	99.780	%	$	347,000	December 6, 2027
3.900% Senior Notes	June 19, 2019	$	300,000	99.360	%	$	296,000	July 15, 2029
Junior Subordinated Notes	December 10, 2019	$	425,000	99.000	%	$	420,750	January 15, 2040


Description	Interest Rate		Interest Payments Due

5.150% Senior Notes	5.150	%	Semi-annually in arrears on April 1 and October 1 of each year
4.000% Senior Notes	4.000	%	Semi-annually in arrears on June 6 and December 6 of each year
3.900% Senior Notes	3.900	%	Semi-annually in arrears on January 15 and July 15 of each year
Junior Subordinated Notes(1)	4.900	%	Semi-annually on January 15 and July 15 of each year

(1) The Junior Subordinated Notes accrue interest from the date of issuance to, but excluding, January 15, 2030 (the "Par Call Date") at the fixed rate of 4.900% and from, and including, the Par Call Date, at a rate equal to the Five-Year Treasury Rate as of the Reset Interest Determination Date, plus 3.186%. Interest of the Junior Notes is payable semi-annually on January 15 and July 15 of each year, beginning on July 15, 2020.

Summary of Debt Maturity

The following table provides the scheduled maturity of the Company's debt obligations at December 31, 2022:


Year ended December 31,

2023	$	—
2024	—
2025	—
2026	—
2027	350,000
After 2027	975,000
Unamortized discount and debt issuance expenses	(12,686)
Total senior notes and notes payable	$	1,312,314

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details