£55,378
Avg. Salary
£27.50
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

£5,141

Profit Sharing

£4,190

The average pay for an Actuary is £27.50 per hour.

The average pay for an Actuary is £55,378 per year.

$0
10%
$27
50%
$0
90%
MEDIAN $27
$31k
10%
$55k
50%
$88k
90%
MEDIAN $55,378
£30,586 - £88,096
£31K
£55K
£88K
MEDIAN: £55,378
10%
50%
90%
£0£99K
Salary £30,586 - £88,096
Bonus £1,434 - £18,383
Profit Sharing £0.00 - £15,319
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).
)
£31,381 - £99,933
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 13 Oct 2018
  • Individuals Reporting: 420

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$154K

Humana, Inc.
19 profiles
$108,189

Mercer LLC
18 profiles
$98,863

$115,020

Geico
10 profiles
$75,750

Anthem
9 profiles
$103,447

$80,000

$130,401

Aetna, Inc.
8 profiles
$95,452

Prudential
7 profiles
$114,594

$98,264

Actuary Job Listings

Popular Skills for Actuary

Pay by Experience Level for Actuary

Pay by Experience for an Actuary has a positive trend. An entry-level Actuary with less than 5 years of experience can expect to earn an average total compensation of ₤40,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Actuary with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤66,000 based on 105 salaries. An experienced Actuary which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤75,000 based on 53 salaries. An Actuary with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤85,000 based on 9 salaries.

Pay Difference by Location

2%

-20%

National Average: £60,801

Larger city markers indicate a job is popular in that location.

Actuary Reviews

Q: What is it like working as an Actuary?

Actuary in London:
"Challenging, varied, boring."
Pros: Variety of work, learning about technical concepts.
Cons: Regulatory driven.

Actuary in London:
"Corporate Life."
Pros: Interesting and challenging work. Variety of work. Good technical base.
Cons: Not much people interaction.

Related Job Salaries

Key Stats for Actuary

Gender

Female
21 %
Male
79 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.
Less than 1 year
4%
1-4 years
31%
5-9 years
40%
10-19 years
21%
20 years or more
4%

Experience Affects Actuary Salaries

▲40%

▲23%

▲8%

National Average
₤61,000

▼34%

Skills That Affect Actuary Salaries

Financial Reporting
▲13%


▲3%

National Average
₤61,000

▼4%


pensions
▼16%

Financial Analysis
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
4%
1-4 years
31%
5-9 years
40%
10-19 years
21%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 17%
vision benefits
Vision: 19%
no benefits
None: 27%