Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.19.3
Workers' Compensation Claims (Tables)
9 Months Ended
Sep. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Beginning balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

430,736

 

 

$

390,814

 

 

$

413,397

 

 

$

363,517

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

37,404

 

 

 

37,784

 

 

 

118,934

 

 

 

116,803

 

Prior periods

 

 

(5,593

)

 

 

(2,327

)

 

 

(10,245

)

 

 

(2,333

)

 

 

 

31,811

 

 

 

35,457

 

 

 

108,689

 

 

 

114,470

 

Less: claim payments related to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

8,609

 

 

 

7,502

 

 

 

14,213

 

 

 

13,783

 

Prior periods

 

 

23,815

 

 

 

19,905

 

 

 

77,619

 

 

 

65,296

 

 

 

 

32,424

 

 

 

27,407

 

 

 

91,832

 

 

 

79,079

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in claims incurred in excess of retention limits

 

 

(77

)

 

 

(26

)

 

 

(208

)

 

 

(70

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

430,046

 

 

$

398,838

 

 

$

430,046

 

 

$

398,838

 

Incurred but not reported (IBNR)

 

$

274,344

 

 

$

246,174

 

 

$

274,344

 

 

$

246,174

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

 

64

%

 

 

62

%

 

 

64

%

 

 

62

%