MasTec MTZ Workers' Compensation — Guarantor obligations, maximum exposure, undiscounted
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Where this comes from
Reported directly by MasTec in its filing.
Tagged under the XBRL concept us-gaap:GuaranteeObligationsMaximumExposure.
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
The Company is required to post collateral, generally in the form of letters of credit, surety bonds and cash to certain of its insurance carriers. Insurance-related letters of credit for the Company’s workers’ compensation, general liability and automobile liability policies amounted to $7.4 million as of both March 31, 2026 and December 31, 2025. Outstanding surety bonds related to self-insurance programs amounted to $198.6 million as of both March 31, 2026 and December 31, 2025.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is MasTec's workers' compensation — guarantor obligations, maximum exposure, undiscounted?
- MasTec (MTZ) reported workers' compensation — guarantor obligations, maximum exposure, undiscounted of $198.6M in Q1 2026.
- How has MasTec's workers' compensation — guarantor obligations, maximum exposure, undiscounted changed year-over-year?
- MasTec's workers' compensation — guarantor obligations, maximum exposure, undiscounted increased by 4.4% year-over-year, from $190.2M to $198.6M.
- What is the long-term trend for MasTec's workers' compensation — guarantor obligations, maximum exposure, undiscounted?
- Over 4 years (2021 to 2025), MasTec's workers' compensation — guarantor obligations, maximum exposure, undiscounted has grown at a 47.5% compound annual growth rate (CAGR), from $166.7M to $789.1M.
- What does workers' compensation — guarantor obligations, maximum exposure, undiscounted mean?
- This metric represents the total undiscounted maximum potential financial liability the company may face as a guarantor for workers' compensation insurance obligations. It reflects the aggregate exposure related to self-insured programs or third-party guarantees provided to support operational safety and insurance requirements. This figure is critical for assessing the company's off-balance sheet risk and the potential capital impact of long-term insurance claims.
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