An Actuary earns an average salary of $120,079 per year.

$63,172 - $204,674
$63K
$140K
$200K
MEDIAN: $136,000
10%
50%
90%
$0$256K
Salary $63,172 - $204,674
Bonus $18,000
Profit Sharing $5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$66,331 - $256,445
  • Country: Bermuda
  • Currency: USD
  • Updated: 19 May 2018
  • Individuals Reporting: 11

Job Description for Actuary

Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid for them) and the exposure to financial risk for the company.

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Actuary Tasks

  • Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
  • May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Actuary Pay By Employer

$0$203K

$115,893

Humana, Inc.
15 profiles
$102,825

Mercer LLC
15 profiles
$98,412

Towers Watson
10 profiles
$93,250

Anthem
9 profiles
$103,447

$80,000

$122,500

$130,401

Aetna, Inc.
8 profiles
$95,452

Prudential
7 profiles
$114,594

Actuary Job Listings

Key Stats for Actuary

1-4 years
18%
5-9 years
55%
10-19 years
27%

Years of Experience

1-4 years
18%
5-9 years
55%
10-19 years
27%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 44%
vision benefits
Vision: 33%
no benefits
None: 11%