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

6 Months Ended

Jun. 30, 2024

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)	2024			2023
Balance at beginning of period	$	1,282.4		$	1,325.3
Provision related to:
Current year		165.7			174.4
Prior years		(16.7	)		(2.6	)
		149.0			171.8
Payments, net of recoveries, related to:
Current year		75.8			78.6
Prior years		103.6			100.9
		179.4			179.5
Other		0.2			4.6
Balance at end of period	$	1,252.2		$	1,322.2

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

(dollars in millions)	June 30, 2024				December 31, 2023
Known title claims	$	54.8	4.4	%	$	55.5	4.3	%
Incurred but not reported claims		1,156.9	92.4	%		1,186.5	92.5	%
Total title claims		1,211.7	96.8	%		1,242.0	96.8	%
Non-title claims		40.5	3.2	%		40.4	3.2	%
Total loss reserves	$	1,252.2	100.0	%	$	1,282.4	100.0	%