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

6 Months Ended

Jun. 30, 2018

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 thousands)	2018			2017
Balance at beginning of period	$	1,028,933		$	1,025,863
Provision related to:
Current year		199,165			209,082
Prior years		15,034			4,264
		214,199			213,346
Payments, net of recoveries, related to:
Current year		90,752			91,915
Prior years		122,786			133,934
		213,538			225,849
Other		(6,666	)		3,872
Balance at end of period	$	1,022,928		$	1,017,232

Summary of Loss Reserves

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

(in thousands, except percentages)	June 30, 2018				December 31, 2017
Known title claims	$	87,809	8.6	%	$	83,094	8.1	%
Incurred but not reported claims		867,206	84.8	%		875,724	85.1	%
Total title claims		955,015	93.4	%		958,818	93.2	%
Non-title claims		67,913	6.6	%		70,115	6.8	%
Total loss reserves	$	1,022,928	100.0	%	$	1,028,933	100.0	%