Borrowings and Financing Activities (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The carrying value of our debt as of the dates indicated was as follows.

Borrowings
			December 31,
($ in thousands)	Interest rate		2023		2022
Senior notes
Senior Notes due 2024	4.500	%	$	449,037	$	447,805
Senior Notes due 2025	6.625	%	522,343		520,305
Senior Notes due 2027	4.875	%	446,401		445,394
Total senior notes			$	1,417,781	$	1,413,504
			December 31,
($ in thousands)	Average interest rate (1)		2023		2022
Secured borrowings
FHLB advances
FHLB advances due 2023	—	%	$	—	$	104,895
FHLB advances due 2024 (2)	4.660	%	72,871		32,371
FHLB advances due 2025	2.340	%	12,684		9,984
FHLB advances due 2026	4.469	%	1,835		—
FHLB advances due 2027	2.562	%	7,887		6,436
Total FHLB advances			95,277		153,686
Mortgage financing facilities	6.975	%	24,199		2,136
Total secured borrowings			$	119,476	$	155,822

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

(2)Includes $13 million of floating-rate advances with a weighted average interest rate of 5.602% and 3.617% as of December 31, 2023 and 2022, respectively, which resets daily based on changes in SOFR.