Quarterly report pursuant to Section 13 or 15(d)

Workers' Compensation Claims (Tables)

v3.10.0.1
Workers' Compensation Claims (Tables)
9 Months Ended
Sep. 30, 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Beginning balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

390,814

 

 

$

330,079

 

 

$

363,517

 

 

$

312,537

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

37,784

 

 

 

39,316

 

 

 

116,803

 

 

 

112,469

 

Prior periods

 

 

(2,327

)

 

 

(280

)

 

 

(2,333

)

 

 

4,984

 

 

 

 

35,457

 

 

 

39,036

 

 

 

114,470

 

 

 

117,453

 

Less: claim payments related to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current period

 

 

7,502

 

 

 

6,082

 

 

 

13,783

 

 

 

11,362

 

Prior periods

 

 

19,905

 

 

 

18,466

 

 

 

65,296

 

 

 

67,928

 

 

 

 

27,407

 

 

 

24,548

 

 

 

79,079

 

 

 

79,290

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add: Change in claims incurred in excess of retention limits

 

 

(26

)

 

 

118

 

 

 

(70

)

 

 

(6,015

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

$

398,838

 

 

$

344,685

 

 

$

398,838

 

 

$

344,685

 

Incurred but not reported (IBNR)

 

$

246,174

 

 

$

177,166

 

 

$

246,174

 

 

$

177,166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of IBNR to workers' compensation claims liabilities

 

 

62

%

 

 

51

%

 

 

62

%

 

 

51

%