Workers' Compensation Claims (Tables)

3 Months Ended

Mar. 31, 2023

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Summarizes Aggregate Workers' Compensation Reserve Activity

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

	Three Months Ended
	March 31,
	2023			2022
Beginning balance
Workers' compensation claims liabilities	$	215,987		$	279,407
Add: claims expense accrual
Current period		4,362			4,284
Prior periods		(1,114	)		(2,919	)
		3,248			1,365
Less: claim payments related to
Current period		180			225
Prior periods		17,480			18,034
		17,660			18,259
Change in claims incurred in excess of retention limits		66			133
Ending balance
Workers' compensation claims liabilities	$	201,641		$	262,646
Incurred but not reported (IBNR)	$	103,804		$	138,604
Ratio of IBNR to workers' compensation claims liabilities		51	%		53	%

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

(1) LPT 2 excluded approximately 10% of claims from 2018 and included an approximately offsetting amount of claims from 2019.