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Workers' Compensation Claims (Tables)

9 Months Ended

Sep. 30, 2024

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,
	2024				2023				2024				2023
Beginning balance
Workers' compensation claims liabilities	$	149,630			$	191,823			$	167,763			$	215,987
Add: claims expense incurred
Current period		2,358				3,792				9,657				11,636
Prior periods		(4,272	)			(4,098	)			(9,094	)			(6,792	)
Total claims expense incurred		(1,914	)			(306	)			563				4,844
Less: claim payments related to
Current period		1,063				1,240				3,582				2,005
Prior periods		9,493				12,244				27,716				41,532
Total claim payments		10,556				13,484				31,298				43,537

Change in claims incurred in excess of retention limits		(357	)			(231	)			(225	)			508
Ending balance
Workers' compensation claims liabilities	$	136,803			$	177,802			$	136,803			$	177,802

Summary of Risk Retained by Insured Program after Considering Loss Portfolio Transfers and Current Insurance Arrangements

The following is a summary of the risk retained by the Company under its insured program after considering the effects of the loss portfolio transfers and current insurance arrangements:


Year	Claims risk retained
2014	No
2015	No
2016	No
2017	No
2018 (1)	No
2019 (1)	Yes
2020	Yes
2021 - Through June 30	Yes
2021 - July 1 and after	No
2022	No
2023	No
2024	No

(1) The loss portfolio transfers excluded approximately 10% of claims from 2018 and included an approximately offsetting amount of claims from 2019.