Workers' Compensation Claims (Tables)

12 Months Ended

Dec. 31, 2023

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Summarizes Aggregate Workers' Compensation Reserve Activity

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

	Years Ended December 31,
	2023			2022			2021
Beginning balance
Workers' compensation claims liabilities	$	215,987		$	279,407		$	357,746
Add: claims expense accrual
Current period		16,731			19,146			75,786
Prior periods		(12,147	)		(11,337	)		(9,225	)
		4,584			7,809			66,561
Less: claim payments related to
Current period		3,260			4,450			15,063
Prior periods		52,570			67,581			129,138
		55,830			72,031			144,201
Change in claims incurred in excess of retention limits		3,022			802			(699	)
Ending balance
Workers' compensation claims liabilities	$	167,763		$	215,987		$	279,407

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.