Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.21.1
Workers' Compensation Claims (Tables)
3 Months Ended
Mar. 31, 2021
Text Block [Abstract]  
Summarizes Aggregate Workers' Compensation Reserve Activity

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

 

 

Three Months Ended

 

 

March 31,

 

 

2021

 

 

2020

 

Beginning balance

 

 

 

 

 

 

 

Workers' compensation claims liabilities

$

357,746

 

 

$

438,986

 

Add: claims expense accrual

 

 

 

 

 

 

 

Current period

 

33,270

 

 

 

38,492

 

Prior periods

 

(1,180

)

 

 

(813

)

 

 

32,090

 

 

 

37,679

 

Less: claim payments related to

 

 

 

 

 

 

 

Current period

 

1,050

 

 

 

1,550

 

Prior periods

 

25,767

 

 

 

29,677

 

 

 

26,817

 

 

 

31,227

 

 

 

 

 

 

 

 

 

Change in claims incurred in excess of retention limits

 

(356

)

 

 

(128

)

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

Workers' compensation claims liabilities

$

362,663

 

 

$

445,310

 

Incurred but not reported (IBNR)

$

212,297

 

 

$

282,497

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

59

%

 

 

63

%