| 2013 | 2012 | 2011 | ||||||||||
| ($000 omitted) | ||||||||||||
|
Balances at January 1 |
520,375 | 502,611 | 495,849 | |||||||||
|
Provisions: |
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|
Current year |
92,043 | 100,406 | 94,115 | |||||||||
|
Previous policy years |
14,275 | 39,623 | 47,986 | |||||||||
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|
|
|
|
|
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Total provisions |
106,318 | 140,029 | 142,101 | |||||||||
|
Payments: |
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|
Current year |
(23,969 | ) | (16,782 | ) | (22,404 | ) | ||||||
|
Previous policy years |
(91,715 | ) | (107,194 | ) | (111,915 | ) | ||||||
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Total payments |
(115,684 | ) | (123,976 | ) | (134,319 | ) | ||||||
|
Effects of changes in foreign currency exchange rates |
(4,121 | ) | 1,711 | (1,020 | ) | |||||||
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|
|
|
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Balances at December 31 |
506,888 | 520,375 | 502,611 | |||||||||
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|
|
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Loss ratios as a percentage of title operating revenues: |
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|
Current year provisions |
5.1 | % | 5.8 | % | 6.3 | % | ||||||
|
Total provisions |
5.9 | % | 8.1 | % | 9.4 | % | ||||||