Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Outstanding Debt

The Company’s outstanding debt consisted of the following at September 30, 2020 and December 31, 2019:

(Dollars in thousands)	September 30, 2020		December 31, 2019
Margin Borrowing Facility	$	—	$	73,629
7.75% Subordinated Notes due 2045		—		96,864
7.875% Subordinated Notes due 2047		126,253		126,147
Total	$	126,253	$	296,640

Amounts Recorded for the Subordinated Notes

The following table represents the amounts recorded for the subordinated notes as of September 30, 2020 and December 31, 2019:

	September 30, 2020
(Dollars in thousands)	Outstanding Principal		Unamortized Debt Issuance Costs			Net Carrying Amount
7.875% Subordinated Notes due 2047	$	130,000	$	(3,747	)	$	126,253
	$	130,000	$	(3,747	)	$	126,253

	December 31, 2019
(Dollars in thousands)	Outstanding Principal		Unamortized Debt Issuance Costs			Net Carrying Amount
7.75% Subordinated Notes due 2045	$	100,000	$	(3,136	)	$	96,864
7.875% Subordinated Notes due 2047		130,000		(3,853	)		126,147
	$	230,000	$	(6,989	)	$	223,011