Losses, Claims and Settlement Expenses (Tables)

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Schedule of Changes in Aggregate Reserves for Losses, Claims and Settlement Expenses

The following table shows an analysis of changes in aggregate reserves for the Company's losses, claims and settlement expenses for each of the periods shown.

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Summary of changes in aggregate reserves for claims and related costs:

	Quarters Ended
	March 31,
	2020			2019
Gross reserves at beginning of period	$	9,929.5		$	9,471.2
Less: reinsurance losses recoverable	3,249.7			3,006.3
Net reserves at beginning of period:
General Insurance	6,021.3			5,766.1
Title Insurance	530.9			533.4
RFIG Run-off	118.9			154.5
Other	8.4			10.8
Sub-total	6,679.7			6,464.9
Incurred claims and claim adjustment expenses:
Provisions for insured events of the current year:
General Insurance	598.3			584.3
Title Insurance	24.7			20.2
RFIG Run-off (a)	6.6			11.3
Other	3.1			4.6
Sub-total	632.9			620.5
Change in provision for insured events of prior years:
General Insurance	(5.8		)	(11.5		)
Title Insurance	(3.1		)	(5.7		)
RFIG Run-off (a)	(1.8		)	(2.8		)
Other	(1.3		)	(1.2		)
Sub-total	(12.2		)	(21.3		)
Total incurred claims and claim adjustment expenses (a)	620.6			599.2
Payments:
Claims and claim adjustment expenses attributable to
insured events of the current year:
General Insurance	96.3			100.5
Title Insurance	.1			.1
RFIG Run-off	—			—
Other	.7			1.3
Sub-total	97.2			102.0
Claims and claim adjustment expenses attributable to
insured events of prior years:
General Insurance	418.8			426.7
Title Insurance	15.9			14.1
RFIG Run-off	13.2			24.4
Other	1.6			2.0
Sub-total	449.7			467.3
Total payments	546.9			569.3
Amount of reserves for unpaid claims and claim adjustment expenses
at the end of each period, net of reinsurance losses recoverable:
General Insurance	6,098.6			5,811.6
Title Insurance	536.4			533.6
RFIG Run-off	110.4			138.5
Other	7.8			10.8
Sub-total	6,753.3			6,494.7
Reinsurance losses recoverable	3,242.5			2,993.7
Gross reserves at end of period	$	9,995.9		$	9,488.4

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(a) In common with all other insurance coverages, RFIG Run-off mortgage guaranty settled and incurred claim and claim adjustment expenses include only those costs actually or expected to be paid by the Company. Changes in mortgage guaranty aggregate case, IBNR, and loss adjustment expense reserves entering into the determination of incurred claim costs, take into account, among a large number of variables, claim cost reductions for anticipated

coverage rescissions and claims denials. Estimates of coverage rescissions and claim denials are no longer material to Old Republic's consolidated financial statements.