Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Borrowings [Abstract]

Schedule of Unsecured Notes

The following are the Company’s outstanding principal amounts, carrying values and fair values of the Company’s borrowings as of June 30, 2026 and December 31, 2025.

		As of
		June 30, 2026									December 31, 2025
($ in millions)		Principal Amount			Carrying Value(1)			Fair Value			Principal Amount			Carrying Value(1)			Fair Value
5.50% Unsecured Notes		$	80.5		$	79.7		$	77.4		$	80.5		$	79.5		$	77.8
7.75% Unsecured Notes			74.8			72.4			75.5			74.8			72.1			76.2
Total		$	155.3		$	152.1		$	152.9		$	155.3		$	151.6		$	154.0

(1) The Carrying Value represents the aggregate principal amount outstanding less the unamortized deferred issuance costs. As of June 30, 2026, the total unamortized deferred issuance costs for the 5.50% Unsecured Notes and 7.75% Unsecured Notes was approximately $0.8 million and $2.3 million, respectively. As of December 31, 2025, the total unamortized deferred issuance costs for the 5.50% Unsecured Notes and 7.75% Unsecured Notes were approximately $1.0 million, and $2.6 million, respectively.

Schedule of Components of Interest Expense

The tables below summarize the components of interest expense for the three and six months ended June 30, 2026 and 2025, respectively:

		Three Months Ended June 30, 2026									Six Months Ended June 30, 2026
($ in thousands)		Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total			Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total(1)
5.50% Unsecured Notes		$	1,106.9		$	96.1		$	1,203.0		$	2,213.8		$	191.2		$	2,405.0
7.75% Unsecured Notes			1,448.3			142.6			1,590.9			2,896.6			283.6			3,180.2
Total(1)		$	2,555.2		$	238.7		$	2,793.9		$	5,110.3		$	474.8		$	5,585.1

(1) Totals may not sum due to rounding.

		Three Months Ended June 30, 2025									Six Months Ended June 30, 2025
($ in thousands)		Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total			Stated Interest Expense			Amortization of Deferred Debt Issuance Costs			Total
6.25% Unsecured Notes		$	670.3		$	55.7		$	726.0		$	1,370.2		$	113.2		$	1,483.4
5.50% Unsecured Notes			1,106.9			96.1			1,203.0			2,213.8			191.2			2,404.9
Total(1)		$	1,777.2		$	151.8		$	1,929.0		$	3,583.9		$	304.4		$	3,888.3

(1) Totals may not sum due to rounding.