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Estimated title losses (Tables)
6 Months Ended
Jun. 30, 2020
Insurance [Abstract]  
Summary of estimated title losses A summary of estimated title losses for the six months ended June 30 is as follows:
 
2020
 
2019
 
($000 omitted)
Balances at January 1
459,053

 
461,560

Provisions:
 
 
 
Current year
39,811

 
33,833

Previous policy years
361

 
640

Total provisions
40,172

 
34,473

Payments, net of recoveries:
 
 
 
Current year
(5,420
)
 
(5,722
)
Previous policy years
(33,516
)
 
(39,929
)
Total payments, net of recoveries
(38,936
)
 
(45,651
)
Effects of changes in foreign currency exchange rates
(4,264
)
 
(174
)
Balances at June 30
456,025

 
450,208

Loss ratios as a percentage of title operating revenues:
 
 
 
Current year provisions
4.3
%
 
4.1
%
Total provisions
4.3
%
 
4.1
%