Estimated title losses (Tables)

3 Months Ended

Mar. 31, 2017

Insurance [Abstract]

Summary of Estimated Title Losses

A summary of estimated title losses for the three months ended March 31 is as follows:

	2017		2016
	($000 omitted)
Balances at January 1	462,572		462,622
Provisions:
Current year	20,537		22,991
Previous policy years	164		102
Total provisions	20,701		23,093
Payments, net of recoveries:
Current year	(2,988	)	(3,762	)
Previous policy years	(20,909	)	(19,542	)
Total payments, net of recoveries	(23,897	)	(23,304	)
Effects of changes in foreign currency exchange rates	766		3,998
Balances at March 31	460,142		466,409
Loss ratios as a percentage of title operating revenues:
Current year provisions	4.9	%	5.6	%
Total provisions	4.9	%	5.6	%