Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.20.2
Workers' Compensation Claims (Tables)
6 Months Ended
Jun. 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

 

 

2019

 

Beginning balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

445,310

 

 

$

422,872

 

 

$

438,986

 

 

 

 

$

413,397

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

32,729

 

 

 

41,145

 

 

 

71,221

 

 

 

 

 

81,530

 

Prior periods

 

 

(1,373

)

 

 

(2,952

)

 

 

(2,186

)

 

 

 

 

(4,652

)

 

 

 

31,356

 

 

 

38,193

 

 

 

69,035

 

 

 

 

 

76,878

 

Less: claim payments related to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

4,527

 

 

 

4,145

 

 

 

6,077

 

 

 

 

 

5,604

 

Prior periods

 

 

135,853

 

 

 

26,088

 

 

 

165,530

 

 

 

 

 

53,804

 

 

 

 

140,380

 

 

 

30,233

 

 

 

171,607

 

 

 

 

 

59,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in claims incurred in excess of retention limits

 

 

218

 

 

 

(96

)

 

 

90

 

 

 

 

 

(131

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

336,504

 

 

$

430,736

 

 

$

336,504

 

 

 

 

$

430,736

 

Incurred but not reported (IBNR)

 

$

206,521

 

 

$

273,114

 

 

$

206,521

 

 

 

 

$

273,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

 

61

%

 

 

63

%

 

 

61

%

 

 

 

 

63

%