v3.26.1
Reserve for Known and Incurred but Not Reported Claims (Tables)
6 Months Ended
Jun. 30, 2026
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 millions)

 

2026

 

 

2025

 

Balance at beginning of period

 

$

1,169.6

 

 

$

1,193.4

 

Provision related to:

 

 

 

 

 

 

Current year

 

 

184.9

 

 

 

171.7

 

Prior years

 

 

(19.8

)

 

 

(19.7

)

 

 

165.1

 

 

 

152.0

 

Payments, net of recoveries, related to:

 

 

 

 

 

 

Current year

 

 

79.4

 

 

 

69.3

 

Prior years

 

 

100.9

 

 

 

95.2

 

 

 

180.3

 

 

 

164.5

 

Other

 

 

(2.8

)

 

 

8.4

 

Balance at end of period

 

$

1,151.6

 

 

$

1,189.3

 

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

 

(dollars in millions)

 

June 30, 2026

 

 

December 31, 2025

 

Known title claims

 

$

75.0

 

 

 

6.5

%

 

$

54.6

 

 

 

4.7

%

Incurred but not reported claims

 

 

1,053.9

 

 

 

91.5

%

 

 

1,095.9

 

 

 

93.7

%

Total title claims

 

 

1,128.9

 

 

 

98.0

%

 

 

1,150.5

 

 

 

98.4

%

Non-title claims

 

 

22.7

 

 

 

2.0

%

 

 

19.1

 

 

 

1.6

%

Total loss reserves

 

$

1,151.6

 

 

 

100.0

%

 

$

1,169.6

 

 

 

100.0

%