Estimated title losses (Tables)

3 Months Ended

Mar. 31, 2024

Loss Contingency [Abstract]

Schedule of Estimated Title Losses

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

	2024		2023
	($000 omitted)
Balances at January 1	528,269		549,448
Provisions:
Current year	15,104		17,214
Previous policy years	2,279		460
Total provisions	17,383		17,674
Payments, net of recoveries:
Current year	(4,546)		(3,470)
Previous policy years	(18,269)		(30,001)
Total payments, net of recoveries	(22,815)		(33,471)
Effects of changes in foreign currency exchange rates	(3,608)		(236)
Balances at March 31	519,229		533,415
Loss ratios as a percentage of title operating revenues:
Current year provisions	3.8	%	3.8	%
Total provisions	3.9	%	3.9	%