MasTec MTZ Workers' Compensation, General and Automobile Policies — Insurance receivables
Similar metrics at other companies
Other financials
Where this comes from
Reported directly by MasTec in its filing.
Tagged under the XBRL concept us-gaap:InsuranceSettlementsReceivableNoncurrent.
The source filing: MasTec’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:29 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000015615-26-000050
As of March 31, 2026 and December 31, 2025, MasTec’s estimated gross liability for unpaid claims and associated expenses, including incurred but not reported losses related to these policies, totaled $325.2 million and $306.8 million, respectively, of which $227.8 million and $224.9 million were reflected within other long-term liabilities, with the remainder reflected within other accrued expenses, in the consolidated balance sheets as of the respective periods. Related insurance recoveries/receivables totaled $26.3 million and $25.2 million as of March 31, 2026 and December 31, 2025, respectively, of which $23.3 million and $22.4 million were reflected within other long-term assets, with the remainder reflected within other current assets, in the consolidated balance sheets as of the respective periods.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is MasTec's workers' compensation, general and automobile policies — insurance receivables?
- MasTec (MTZ) reported workers' compensation, general and automobile policies — insurance receivables of $26.3M in Q1 2026.
- What does workers' compensation, general and automobile policies — insurance receivables mean?
- This represents the amount the company expects to recover from third-party insurance carriers for claims that exceed the company's self-insured retention limits. It acts as an asset on the balance sheet, offsetting the gross liability of large insurance claims. This metric is essential for evaluating the effectiveness of the company's excess insurance coverage and recovery processes.
Ask your AI about MasTec's workers' compensation, general and automobile policies — insurance receivables.
Connect your AI assistant and compare it to peers, right in your chat.
