Reserve for Known and Incurred but Not Reported Claims (Tables)

6 Months Ended

Jun. 30, 2023

Insurance Loss Reserves [Abstract]

Activity in Reserve for Known and Incurred but Not Reported Claims

Activity in the reserve for known and incurred but not reported claims is summarized as follows:

	Six Months Ended June 30,
(in millions)	2023			2022
Balance at beginning of period	$	1,325.3		$	1,283.8
Provision related to:
Current year		174.4			239.7
Prior years		(2.6	)		9.2
		171.8			248.9
Payments, net of recoveries, related to:
Current year		78.6			92.8
Prior years		100.9			129.7
		179.5			222.5
Other		4.6			(2.1	)
Balance at end of period	$	1,322.2		$	1,308.1

A summary of the Company’s loss reserves is as follows:

(dollars in millions)	June 30, 2023				December 31, 2022
Known title claims	$	60.1	4.5	%	$	62.1	4.7	%
Incurred but not reported claims		1,210.8	91.6	%		1,207.2	91.1	%
Total title claims		1,270.9	96.1	%		1,269.3	95.8	%
Non-title claims		51.3	3.9	%		56.0	4.2	%
Total loss reserves	$	1,322.2	100.0	%	$	1,325.3	100.0	%