v3.26.1
Workers' Compensation Claims Costs (Tables)
3 Months Ended
Mar. 31, 2026
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,

 

 

2026

 

 

2025

 

Beginning balance

 

 

 

 

 

Workers' compensation claims liabilities

$

108,584

 

 

$

128,446

 

Add: claims expense incurred

 

 

 

 

 

Current period

 

3,700

 

 

 

3,328

 

Prior periods

 

(1,064

)

 

 

(3,782

)

Total claims expense incurred

 

2,636

 

 

 

(454

)

Less: claim payments related to

 

 

 

 

 

Current period

 

2,062

 

 

 

1,178

 

Prior periods

 

5,842

 

 

 

5,520

 

Total claim payments

 

7,904

 

 

 

6,698

 

 

 

 

 

 

Change in claims incurred in excess of
   retention limits

 

(1,506

)

 

 

(66

)

Ending balance

 

 

 

 

 

Workers' compensation claims liabilities

$

101,810

 

 

$

121,228

 

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

2017

No

2018

No

2019

Yes

2020

Yes

2021 - Through June 30

Yes

2021 - July 1 and after

No

2022

No

2023

No

2024

No

2025

No

2026

No