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These excerpts taken from the AEO 10-K filed Apr 2, 2008. Self-Insurance
Reserve
The Company is self-insured for certain losses related to
employee medical benefits and worker’s compensation. Costs
for self-insurance claims filed and claims incurred but not
reported are accrued based on known claims and historical
experience. Management believes that it has adequately reserved
for its self-insurance liability, which is capped through the
use of stop loss contracts with insurance companies. However,
any significant variation of future claims from historical
trends could cause actual results to differ from the accrued
liability.
Self-Insurance Reserve The Company is self-insured for certain losses related to employee medical benefits and worker’s compensation. Costs for self-insurance claims filed and claims incurred but not reported are accrued based on known claims and historical experience. Management believes that it has adequately reserved for its self-insurance liability, which is capped through the use of stop loss contracts with insurance companies. However, any significant variation of future claims from historical trends could cause actual results to differ from the accrued liability. This excerpt taken from the AEO 10-K filed Apr 4, 2007. Self-Insurance Reserve The Company is self-insured for certain losses related to employee medical benefits. Costs for self-insurance claims filed and claims incurred but not reported are accrued based on known claims and historical experience. Management believes that it has adequately reserved for its self-insurance liability, which is capped through the use of stop loss contracts with insurance companies. However, any significant variation of future claims from historical trends could cause actual results to differ from the accrued liability. This excerpt taken from the AEO 10-K filed Apr 5, 2006. Self-Insurance Reserve The Company is self-insured for certain losses related to employee medical benefits. Costs for self-insurance claims filed and claims incurred but not reported are accrued based on known claims and historical experience. Management believes that it has adequately reserved for its self-insurance liability, which is capped through the use of stop loss contracts with insurance companies. However, any significant variation of future claims from historical trends could cause actual results to differ from the accrued liability. | EXCERPTS ON THIS PAGE:
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