How much does a Actuarial Analyst make?
Actuarial analysts play a key role in assessing financial risks. They analyze data to help companies make smart decisions. On average, an actuarial analyst makes around $104,435 each year. This figure can vary depending on experience and location.
New actuarial analysts can expect to earn between $56,518 and $76,997 per year. As they gain experience, their salaries increase. Highly experienced analysts can earn upwards of $158,911 annually. These figures show the potential for growth in this field. Successful analysts often find themselves in high demand, which can lead to even better salary prospects.
What are the highest paying cities for a Actuarial Analyst?

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San Francisco, CA
Average Salary: $135,764
Working in San Francisco means tapping into a tech-driven insurance scene. Companies like Travelers and Kaiser Permanente offer dynamic roles. Analysts here work on complex projects with cutting-edge tools.
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Colorado Springs, CO
Average Salary: $127,299
In Colorado Springs, actuarial work blends tradition with innovation. Firms like USAA provide stable roles with room for growth. Analysts contribute to financial stability in a diverse market.
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San Antonio, TX
Average Salary: $124,572
San Antonio offers a growing job market with major players like USAA. Analysts can expect a collaborative work environment. The city’s growing economy means more opportunities and stability.
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Phoenix, AZ
Average Salary: $116,171
Phoenix provides a warm climate and a growing job market. Companies like Farmers Insurance offer rewarding positions. Analysts in Phoenix enjoy a mix of city life and professional growth.
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Tampa, FL
Average Salary: $115,718
Tampa boasts a strong presence of insurance companies. Firms like State Farm and Farmers Insurance seek skilled analysts. The city's growing economy offers many career advancement opportunities.
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Seattle, WA
Average Salary: $114,816
Seattle offers a vibrant job market with tech-savvy firms like Microsoft and Amazon. Analysts here blend tech skills with actuarial expertise. The city’s innovative spirit drives growth and learning.
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Chicago, IL
Average Salary: $109,537
Chicago is home to insurance giants like Allstate and Aon. Analysts can expect high demand for their skills. The city's diverse market offers plenty of opportunities for career growth.
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Des Moines, IA
Average Salary: $109,445
Des Moines offers a stable job market with leading firms like Principal Financial Group. Analysts work in a supportive environment with plenty of growth opportunities. The city’s strong economy ensures job security.
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Indianapolis, IN
Average Salary: $108,689
Indianapolis has a strong financial sector with companies like Indiana Farmers Mutual Insurance Company. Analysts enjoy a mix of city life and professional development. The city’s growing tech scene adds to its appeal.
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Denver, CO
Average Salary: $108,327
Denver offers a dynamic job market with firms like Aspen Insurance. Analysts enjoy a mix of outdoor lifestyle and professional growth. The city’s strong economy provides many opportunities for career advancement.
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What are the best companies a Actuarial Analyst can work for?

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Amazon.com
Average Salary: $171,059
Amazon.com offers competitive salaries for Actuarial Analysts. They use data to help shape business decisions. Opportunities are available across the U.S.
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Kaiser Permanente
Average Salary: $146,944
Kaiser Permanente pays well for Actuarial Analysts. They focus on health management. Locations include California, Colorado, Georgia, Maryland, Oregon, Virginia, and Washington.
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DW Simpson
Average Salary: $142,769
DW Simpson offers good salaries for Actuarial Analysts. They provide benefits and retirement plans. Offices are in Illinois, Ohio, and Indiana.
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CSAA Insurance Group
Average Salary: $141,610
CSAA Insurance Group pays Actuarial Analysts well. They work with auto and home insurance. Locations include California, Texas, and Arizona.
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The Hartford
Average Salary: $127,350
The Hartford offers competitive pay for Actuarial Analysts. They focus on insurance services. Offices are in Connecticut and New York.
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USAA
Average Salary: $124,073
USAA pays Actuarial Analysts well. They provide financial services to military members. Locations include Texas, Florida, and California.
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Liberty Mutual Insurance
Average Salary: $121,259
Liberty Mutual Insurance offers good salaries for Actuarial Analysts. They focus on auto and home insurance. Offices are across the U.S.
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Prudential
Average Salary: $119,823
Prudential pays Actuarial Analysts well. They provide financial services. Locations include New Jersey, Connecticut, and Pennsylvania.
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CVS Health
Average Salary: $112,264
CVS Health offers competitive salaries for Actuarial Analysts. They focus on health care. Offices are across the U.S.
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Elevance Health
Average Salary: $111,308
Elevance Health pays Actuarial Analysts well. They focus on health care. Locations include Indiana and Virginia.
How to earn more as a Actuarial Analyst?
Actuarial analysts use math and statistics to help companies make decisions. This job can lead to good earnings. Making more money in this field involves several key strategies. Following these steps can help boost your income.
First, gaining relevant experience matters a lot. This means working in the field and understanding real-world applications. Experience makes a candidate more attractive to employers. Second, obtaining additional certifications can increase earning potential. Certifications show a commitment to the profession and can open up higher-paying roles. Third, choosing to work in a high-demand area can lead to better pay. Locations with more job opportunities often offer higher salaries. Fourth, networking within the industry can lead to better job offers. Building relationships with others in the field can uncover higher-paying positions. Lastly, advancing to a managerial role can significantly increase income. Leadership positions often come with higher pay and more responsibility.
Here are the key factors to increase earnings as an actuarial analyst:
- Gain relevant experience
- Obtain additional certifications
- Work in high-demand areas
- Network within the industry
- Advance to a managerial role



