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

9 Months Ended

Sep. 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:


		Nine Months Ended September 30,
(in millions)		2026				2025
Balance at beginning of period		$	1,169.6			$	1,193.4
Provision related to:
Current year			291.7				274.2
Prior years			(31.5	)			(31.4	)
			260.2				242.8
Payments, net of recoveries, related to:
Current year			144.1				128.7
Prior years			143.0				132.7
			287.1				261.4
Other			(8.1	)			4.5
Balance at end of period		$	1,134.6			$	1,179.3

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


(dollars in millions)		September 30, 2026								December 31, 2025
Known title claims		$	82.5				7.3	%		$	54.6				4.7	%
Incurred but not reported claims			1,031.2				90.9	%			1,095.9				93.7	%
Total title claims			1,113.7				98.2	%			1,150.5				98.4	%
Non-title claims			20.9				1.8	%			19.1				1.6	%
Total loss reserves		$	1,134.6				100.0	%		$	1,169.6				100.0	%