Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.8.0.1
Workers' Compensation Claims (Tables)
3 Months Ended
Mar. 31, 2018
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,

 

 

 

2018

 

 

2017

 

Beginning balance

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

363,517

 

 

$

312,537

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

Current period

 

 

39,052

 

 

 

35,275

 

Prior periods

 

 

(6

)

 

 

2,914

 

 

 

 

39,046

 

 

 

38,189

 

Less: claim payments related to

 

 

 

 

 

 

 

 

Current period

 

 

1,133

 

 

 

1,132

 

Prior periods

 

 

22,535

 

 

 

23,464

 

 

 

 

23,668

 

 

 

24,596

 

 

 

 

 

 

 

 

 

 

Add: Change in claims incurred in excess of retention limits

 

 

(21

)

 

 

103

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

378,874

 

 

$

326,233

 

Incurred but not reported (IBNR)

 

$

217,492

 

 

$

162,760

 

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

 

57%

 

 

 

50%