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

6 Months Ended

Jun. 30, 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:

	Six Months Ended June 30,
(in thousands)	2019			2018
Balance at beginning of period	$	1,042,679		$	1,028,933
Provision related to:
Current year		194,000			199,165
Prior years		12,842			15,034
		206,842			214,199
Payments, net of recoveries, related to:
Current year		85,811			90,752
Prior years		114,084			122,786
		199,895			213,538
Other		(7,418	)		(6,666	)
Balance at end of period	$	1,042,208		$	1,022,928

Summary of Loss Reserves

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

(in thousands, except percentages)	June 30, 2019				December 31, 2018
Known title claims	$	80,167	7.7	%	$	80,306	7.7	%
Incurred but not reported claims		881,359	84.6	%		877,134	84.1	%
Total title claims		961,526	92.3	%		957,440	91.8	%
Non-title claims		80,682	7.7	%		85,239	8.2	%
Total loss reserves	$	1,042,208	100.0	%	$	1,042,679	100.0	%