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Reserve for Known and Incurred but Not Reported Claims (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Loss Reserves

A summary of the Company’s loss reserves, broken down into its components of known title claims, incurred but not reported claims (“IBNR”) and non-title claims, is as follows:

 

(in thousands, except percentages)

 

March 31, 2014

 

 

December 31, 2013

 

Known title claims

$

118,491

  

  

 

12.1

 

$

135,478

 

 

 

13.3

IBNR

 

819,073

  

  

 

83.7

 

 

840,104

 

 

 

82.5

Total title claims

 

937,564

  

  

 

95.8

 

 

975,582

 

 

 

95.8

Non-title claims

 

41,817

  

  

 

4.2

 

 

42,783

  

  

 

4.2

Total loss reserves

$

979,381

  

  

 

100.0

 

$

1,018,365

 

 

 

100.0