Reserves For Claims (Tables)

9 Months Ended

Sep. 30, 2023

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Summary Of Transactions In Reserves For Claims

Activity in the reserve for claims for the nine-month period ended September 30, 2023 and the year ended December 31, 2022 are summarized as follows:

(in thousands)	September 30, 2023		December 31, 2022
Balance, beginning of period	$	37,192	$	36,754
Provision charged to operations	3,897		4,255
Payments of claims, net of recoveries	(3,595)		(3,817)
Balance, end of period	$	37,494	$	37,192

Summary of the Company's Loss Reserves

A summary of the Company’s reserve for claims, broken down into its components of known title claims and IBNR, follows:

(in thousands, except percentages)	September 30, 2023		%	December 31, 2022		%
Known title claims	$	3,292	8.8	$	3,250	8.7
IBNR	34,202		91.2	33,942		91.3
Total reserve for claims	$	37,494	100.0	$	37,192	100.0