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Borrowings and Financing Activities (Tables)
12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Schedule of Debt
The carrying value of our debt at December 31, 2022 and 2021, was as follows.
Borrowings
December 31,
($ in thousands) Interest rate20222021
Senior notes
Senior Notes due 20244.500 %$447,805 $446,631 
Senior Notes due 20256.625 %520,305 518,405 
Senior Notes due 20274.875 %445,394 444,437 
Total senior notes$1,413,504 $1,409,473 
 
December 31,
($ in thousands)
Average interest rate (1)
20222021
Other Borrowings
FHLB advances
FHLB advances due 2022— %$— $71,050 
FHLB advances due 20232.806 %104,895 52,995 
FHLB advances due 20242.540 %32,371 
(2)
13,954 
FHLB advances due 20251.590 %9,984 9,984 
FHLB advances due 20272.181 %6,436 3,000 
Total FHLB advances153,686 150,983 
Mortgage financing facilities5.928 %2,136 — 
Total other borrowings$155,822 $150,983 
(1)As of December 31, 2022. See “—FHLB Advances” below for more information.
(2)Includes $13.4 million of floating-rate advances with a weighted average interest rate of 3.617%, which resets daily based on changes in SOFR.