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Workers' Compensation Claims (Tables)
12 Months Ended
Dec. 31, 2024
Text Block [Abstract]  
Summarizes Aggregate Workers' Compensation Reserve Activity

The following table summarizes the aggregate workers' compensation reserve activity (in thousands):
 

 

 

 

Years Ended December 31,

 

 

 

 

2024

 

 

2023

 

 

2022

 

Beginning balance

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

 

$

167,763

 

 

$

215,987

 

 

$

279,407

 

Add: claims expense accrual

 

 

 

 

 

 

 

 

 

 

Current period

 

 

 

12,188

 

 

 

16,731

 

 

 

19,146

 

Prior periods

 

 

 

(11,524

)

 

 

(12,147

)

 

 

(11,337

)

Total claims expense incurred

 

 

 

664

 

 

 

4,584

 

 

 

7,809

 

Less: claim payments related to

 

 

 

 

 

 

 

 

 

 

Current period

 

 

 

5,006

 

 

 

3,260

 

 

 

4,450

 

Prior periods

 

 

 

35,008

 

 

 

52,570

 

 

 

67,581

 

Total claim payments

 

 

 

40,014

 

 

 

55,830

 

 

 

72,031

 

Change in claims incurred in excess of retention limits

 

 

 

33

 

 

 

3,022

 

 

 

802

 

Ending balance

 

 

 

 

 

 

 

 

 

 

Workers' compensation claims liabilities

 

 

$

128,446

 

 

$

167,763

 

 

$

215,987

 

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.