Summary of Reserve for Title Claim Losses (Tables)

9 Months Ended

Sep. 30, 2020

Insurance [Abstract]

Summary of the Reserve for Claim Losses

A summary of the reserve for title claim losses follows:

	Nine months ended September 30,
	2020			2019
	(Dollars in millions)
Beginning balance	$	1,509		$	1,488
Change in reinsurance recoverable	(1)			(1)
Claim loss provision related to:
Current year	196			174
Prior years	—			—
Total title claim loss provision	196			174
Claims paid, net of recoupments related to:
Current year	(4)			(5)
Prior years	(145)			(162)
Total title claims paid, net of recoupments	(149)			(167)
Ending balance of claim loss reserve for title insurance	$	1,555		$	1,494
Provision for title insurance claim losses as a percentage of title insurance premiums	4.5		%	4.5		%