Borrowings and Financing Activities (Tables)

3 Months Ended

Mar. 31, 2023

Long-Term Debt, Unclassified [Abstract]

Schedule of Debt

The carrying value of our debt at March 31, 2023, and December 31, 2022, was as follows.

Borrowings
($ in thousands)	Interest rate		March 31, 2023		December 31, 2022
Senior notes
Senior Notes due 2024	4.500	%	$	448,108	$	447,805
Senior Notes due 2025	6.625	%	520,801		520,305
Senior Notes due 2027	4.875	%	445,640		445,394
Total senior notes			$	1,414,549	$	1,413,504
($ in thousands)	Average interest rate (1)		March 31, 2023		December 31, 2022
Other borrowings
FHLB advances
FHLB advances due 2023	1.576	%	$	60,745	$	104,895
FHLB advances due 2024 (2)	3.122	%	32,371		32,371
FHLB advances due 2025	2.161	%	11,784		9,984
FHLB advances due 2026	4.469	%	1,835		—
FHLB advances due 2027	2.181	%	6,436		6,436
Total FHLB advances			113,171		153,686
Mortgage financing facilities	6.559	%	8,471		2,136
Total other borrowings			$	121,642	$	155,822

(1)As of March 31, 2023. See “FHLB Advances” and “Mortgage Financing Facilities” below for more information.

(2)Includes $13.4 million of floating-rate advances with a weighted average interest rate of 5.02% and 3.62% as of March 31, 2023, and December 31, 2022, respectively, which resets daily based on changes in SOFR.