v3.26.1
INSURANCE RESERVES
6 Months Ended
Jun. 30, 2026
INSURANCE RESERVES  
INSURANCE RESERVES

NOTE 16 – INSURANCE RESERVES

The table below summarizes the non-health and welfare insurance reserves included in the accompanying condensed consolidated balance sheets at June 30, 2026 and December 31, 2025 (in thousands):

June 30, 2026

December 31, 2025

Other Accrued

Insurance

Total

Other Accrued

Insurance

Total

  ​ ​ ​

Liabilities

  ​ ​ ​

Reserves

  ​ ​ ​

Liability

  ​ ​ ​

Liabilities

  ​ ​ ​

Reserves

  ​ ​ ​

Liability

Automobile

$

53,066

  ​ ​ ​

$

104,788

  ​ ​ ​

$

157,854

$

36,122

$

79,196

$

115,318

Workers' compensation

41,656

  ​ ​ ​

106,962

  ​ ​ ​

148,618

39,111

99,205

138,316

General/ Professional Liability

38,581

  ​ ​ ​

121,089

  ​ ​ ​

159,670

37,373

133,668

171,041

$

133,303

  ​ ​ ​

$

332,839

$

466,142

$

112,606

$

312,069

$

424,675

The changes to the Company’s estimated losses under insurance programs, including those covered by commercial insurance programs with offsetting assets, as of June 30, 2026 and December 31, 2025 were as follows (in thousands):

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Balance, beginning of period

$

424,675

$

347,805

Expense for current period reserves

7,736

29,540

Unfavorable (favorable) changes to prior reserves

15,595

31,528

Change in losses covered by commercial insurance programs

37,017

44,236

Payments for claims

(18,881)

(28,434)

Balance, end of period

$

466,142

$

424,675