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

3 Months Ended

Mar. 31, 2019

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:

	Three Months Ended March 31,
(in thousands)	2019			2018
Balance at beginning of period	$	1,042,679		$	1,028,933
Provision related to:
Current year		88,603			90,970
Prior years		9,109			9,610
		97,712			100,580
Payments, net of recoveries, related to:
Current year		30,446			32,285
Prior years		69,546			72,329
		99,992			104,614
Other		(6,765	)		(3,553	)
Balance at end of period	$	1,033,634		$	1,021,346

Summary of Loss Reserves

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

(in thousands, except percentages)	March 31, 2019				December 31, 2018
Known title claims	$	79,102	7.7	%	$	80,306	7.7	%
Incurred but not reported claims		876,991	84.8	%		877,134	84.1	%
Total title claims		956,093	92.5	%		957,440	91.8	%
Non-title claims		77,541	7.5	%		85,239	8.2	%
Total loss reserves	$	1,033,634	100.0	%	$	1,042,679	100.0	%