Estimated title losses (Tables)

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Summary of estimated title losses

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

	2020		2019
	($000 omitted)
Balances at January 1	459,053		461,560
Provisions:
Current year	18,521		15,526
Previous policy years	111		160
Total provisions	18,632		15,686
Payments, net of recoveries:
Current year	(2,214	)	(2,695	)
Previous policy years	(19,227	)	(20,772	)
Total payments, net of recoveries	(21,441	)	(23,467	)
Effects of changes in foreign currency exchange rates	(8,662	)	296
Balances at March 31	447,582		454,075
Loss ratios as a percentage of title operating revenues:
Current year provisions	4.2	%	4.1	%
Total provisions	4.2	%	4.2	%