CF INDUSTRIES HOLDINGS INC

4 PARKWAY NORTH BLVD, STE 400
DEERFIELD, IL 60015

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is in-line with peers, in the 66th percentile.
Average

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is Higher than 67% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 98%. While peers Increased an average of 21%.
Needs Attention

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 7% of peers have changed carriers since last year.
  • Of those who changed carriers, 16% decreased their LCM vs those who stayed with their current provider who saw a 24.5% increase.
  • Current Carrier's market share is in the 1st percentile at 3.6% of the market.
Needs Attention

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.450
(Current: 1.373)
2023

1.980
2023

1.409
2023

1.223
2023

1.822
2023

0.963
2023

1.000
2022

1.450
2022

1.001
2022

1.291
2022

-
2022

-
2022

1.668
2022

0.870
2022

1.000
2021

1.244
2021

1.000
2021

1.291
2021

1.570
2021

0.870
2021

1.111
2020

1.244
2020

-
2020

1.291
2020

1.177
2020

1.570
2020

1.700
2020

1.111
2019

1.244
2019

-
2019

1.451
2019

-
2019

-
2019

1.630
2019

1.111
2018

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

0.937
2017

-
2017

-
2017

-
2017

-
2017

-
2017
02-09-2017

-
2016

-
2016

-
2016

-
2016

1.015
2016

0.941
2015

-
2015

-
2015

-
2015

1.191
2014

-
2014

-
2014

-
2014

1.015
2013

-
2013

-
2013
07-01-2013

-
2012
07-01-2012

-
2011
07-01-2011

-
2010
07-01-2010

-
2009
07-01-2009

-

Contacts

YFOZFU MTZUUFZZ
Benefits Admin
(326) 919-4121
a652

KUPEFV JZCKVHY
Vice President
ce
zsdsirvf@ukdgshceazqx.zmc

Ppss Etmiguh
Branch Manager
(842) 403-6102
22e

Y Phdwgen Fcuw
President & Chief Executive Offi
(961) 670-2152
56c2

4b1
(132) 359-2207
28ebe

06
(558) 482-1075
5746e

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013
BOY Assets: $ 656,607,180 $ 871,500,569 $ 403,161,662 $ 252,456,130 $ 75,007,054 $ 853,168,881 $ 127,112,556 $ 260,019,802 $ 685,302,520 $ 244,822,239
Liabilities: $ 237,437 $ 8,463,371 $ 6,688,334 $ 3,593,298 $ 3,261,327 $ 426,031 $ 1,766,671 $ 9,384,136 $ 6,867,250 $ 69,613,969
EE Contrib: $ 0 $ 13 $ 86 $ 68 $ 5 $ 4 $ 5 $ 96
Emp Contrib: $ 18,400,000 $ 227 $ 2,715,875 $ 80,311,332 $ 33,247,758 $ 6,666,024 $ 67,666,879 $ 78 $ 78,593,453 $ 716
Income/Loss:($ 33,485,382) $ 87,097,380 $ 5,645,586 $ 24,510,038($ 3,783,239) $ 65,668,653 $ 6,399,992($ 7,001,964) $ 6,631,059 $ 27,274,847
Total Income:($ 93,053,099) $ 42,383,925 $ 35,929,204 $ 500,273,970 $ 11,104,426 $ 73,212,132 $ 12,316,448($ 1,162,639) $ 20,824,646 $ 4,800,806
Paid Benefits: $ 400,203,306 $ 46,907,839 $ 89,163,688 $ 73,382,939 $ 44,788,231 $ 36,001,804 $ 87,644,536 $ 15,699,013 $ 664,194,575 $ 2,358,923
Expenses: $ 0 $ 57 $ 3 $ 10 $ 2 $ 11
  Commission: $ 2,200,506 $ 7,088,011 $ 4,050,560 $ 6,126,025 $ 4,097,617 $ 5,788,345 $ 590,542 $ 4,229,363 $ 3,021,338 $ 4,234,232
Net Income:($ 495,456,911)($ 50,764,816) $ 38,961,608 $ 35,927,800($ 38,523,745) $ 48,510,318 $ 79,253,760($ 56,938,469)($ 71,950,379)($ 26,657,075)
Net Assets: $ 161,150,269 $ 235,255,181 $ 585,509,530 $ 22,700,800 $ 989,861,958 $ 353,565,388 $ 603,770,148 $ 455,293,461 $ 674,475,371 $ 655,971,598

Participants

2022202120202019201820172016201520142013
Total Participants:2549226697593362993592182159674250191829
Active Part.:2026688549564671033800673539026016255699
Retired Part.:26937688363317374994831016672966642721
Deceased Part.:136552872455044855011720548662

Insurance

KUEQZWHTB QZQT QMWNWEWVT TNSVSUT
Renewal:12-31-2022
Covered:3978
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 369775010

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

VATUHO TMUGLQNEWB VTJActuarial
Direct payment from the plan
Compensation:$687,854
Relation:NONE
WEYXKInvestment management
Investment management fees paid directly by plan
Compensation:$415,327
Relation:NONE
HR CTXCBB
P. O. BOX 411904
KANSAS CITY, MO 641411904
Investment management
Investment management fees paid directly by plan
Compensation:$237,361
Relation:NONE
HJMSSXITJQHW RRROZCNO, WHZInvestment management
Investment management fees paid directly by plan
Compensation:$142,715
Relation:NONE
HIONG KETWVTrustee (bank, trust company or similar financial institution)
Direct payment from the plan
Compensation:$81,995
Relation:NONE
PZQYB QDXAFTVC LQWAccounting (including auditing)
Direct payment from the plan
Compensation:$55,950
Relation:NONE

Features

    1A - Benefits are primarily pay related

    1C - Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

Health Benefits

Financials

2022202120202019201820172016201520142013
BOY Assets: $ 0 $ 1 $ 5 $ 100,000 $ 9 $ 9
Liabilities: $ 0 $ 40 $ 5 $ 83 $ 956 $ 833 $ 8 $ 5 $ 3
EE Contrib: $ 0 $ 3 $ 68 $ 0 $ 5 $ 8 $ 627
Emp Contrib: $ 0 $ 0 $ 80 $ 1 $ 16 $ 2 $ 221
Income/Loss: $ 0 $ 83 $ 60 $ 7 $ 5 $ 4
Total Income: $ 0 $ 526 $ 5 $ 735 $ 47 $ 5
Paid Benefits: $ 0 $ 64 $ 6 $ 687 $ 59 $ 0 $ 477
Expenses: $ 0 $ 33 $ 5 $ 11 $ 2
  Commission: $ 0 $ 3 $ 80 $ 2 $ 3 $ 48
Net Income: $ 0 $ 3 $ 1 $ 3 $ 2 $ 3
Net Assets: $ 0 $ 9 $ 56 $ 6 $ 6

Participants

2022202120202019201820172016201520142013
Total Participants:2185427913748851301770389048351312943308
Active Part.:2021106697813955300799919101845765713630
Retired Part.:164656108906049707295321147982
Deceased Part.:b63 ed5b83 98d9ce c8

Insurance

SBPVW TIND UGBOMYMBD AQ.
Renewal:12-31-2022
Covered:3
  1. Health
  2. Dental
  3. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 40,306
Commission11.78% $ 4,750
Fees1.28% $ 517
Brokers
LMVLCMTW DAKQJUKJXCI
Renewal:12-31-2022
Covered:2000
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 35,051
Commission0% $ 0
Fees0% $ 0
AWIE ZDTTAFNMR EJVYOXT IL IVKCT WMTXFGU
Renewal:12-31-2022
Covered:2021
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,437,797
Commission9.91% $ 142,475
Fees1.22% $ 17,500
Brokers
AVYR ONBXEBYAW RFZBTOO KH LSMGJ QYRDQOJ
Renewal:12-31-2022
Covered:3206
  1. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 263,483
Commission10% $ 26,348
Fees1.65% $ 4,352
Brokers
LRPY TGWCSUZHV CREPTQK QX CQOPG QPOPNVC
Renewal:12-31-2022
Covered:2021
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 629,278
Commission10% $ 62,928
Fees1.62% $ 10,195
Brokers
HUJI CHXWSHBZN CTLIOIE GJ DYABA DAEAAEQ
Renewal:12-31-2022
Covered:2021
  1. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.