Losses, Claims and Settlement Expenses (Tables)

6 Months Ended

Jun. 30, 2020

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:



	Six Months Ended
	June 30,
	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	1,178.7			1,181.3
Title Insurance	50.1			44.0
RFIG Run-off (a)	21.0			20.2
Other	5.8			8.2
Sub-total	1,255.7			1,253.9
Change in provision for insured events of prior years:
General Insurance	(4.9		)	(7.1		)
Title Insurance	(10.7		)	(11.4		)
RFIG Run-off (a)	.6			(4.3		)
Other	(1.9		)	(1.5		)
Sub-total	(17.0		)	(24.5		)
Total incurred claims and claim adjustment expenses (a)	1,238.6			1,229.3
Payments:
Claims and claim adjustment expenses attributable to
insured events of the current year:
General Insurance	282.5			301.2
Title Insurance	.9			.7
RFIG Run-off	.1			.2
Other	2.3			4.8
Sub-total	285.9			307.1
Claims and claim adjustment expenses attributable to
insured events of prior years:
General Insurance	696.5			758.1
Title Insurance	25.3			31.7
RFIG Run-off	20.4			45.0
Other	1.9			2.5
Sub-total	744.2			837.4
Total payments	1,030.2			1,144.6
Amount of reserves for unpaid claims and claim adjustment expenses
at the end of each period, net of reinsurance losses recoverable:
General Insurance	6,216.0			5,880.8
Title Insurance	544.0			533.5
RFIG Run-off	119.9			125.1
Other	8.1			10.0
Sub-total	6,888.1			6,549.6
Reinsurance losses recoverable	3,342.7			3,086.7
Gross reserves at end of period	$	10,230.9		$	9,636.3

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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.