Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.20.2
Workers' Compensation Claims (Tables)
9 Months Ended
Sep. 30, 2020
Text Block [Abstract]  
Summarizes Aggregate Workers' Compensation Reserve Activity

The following table summarizes the aggregate workers’ compensation reserve activity (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Beginning balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

$

336,504

 

 

$

430,736

 

 

$

438,986

 

 

$

413,397

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

35,138

 

 

 

37,404

 

 

 

106,359

 

 

 

118,934

 

Prior periods

 

(2,977

)

 

 

(5,593

)

 

 

(5,163

)

 

 

(10,245

)

 

 

32,161

 

 

 

31,811

 

 

 

101,196

 

 

 

108,689

 

Less: claim payments related to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

7,046

 

 

 

8,609

 

 

 

13,123

 

 

 

14,213

 

Prior periods

 

15,640

 

 

 

23,815

 

 

 

181,170

 

 

 

77,619

 

 

 

22,686

 

 

 

32,424

 

 

 

194,293

 

 

 

91,832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in claims incurred in excess of retention limits

 

1,369

 

 

 

(77

)

 

 

1,459

 

 

 

(208

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

$

347,348

 

 

$

430,046

 

 

$

347,348

 

 

$

430,046

 

Incurred but not reported (IBNR)

$

203,595

 

 

$

274,344

 

 

$

203,595

 

 

$

274,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

59

%

 

 

64

%

 

 

59

%

 

 

64

%