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Actuarial Pay Index

The 2026 Actuarial Pay Index

What actuarial roles pay in 2026 across the US, Canada and Bermuda: base salary by credential, experience, city, job title and employer type, from life and annuity to P&C, health, reinsurance and consulting, plus typical bonus targets. Built from the offers and pay conversations in our own search work, the pay ranges in actuarial roles advertised over the last 12 months, and government wage data.

Check your number

How the index is built

Covers

Life, annuity, P&C, health, reinsurance and consulting pay in the US, Canada and Bermuda

Built from

Our own search work, the pay ranges in 796 actuarial roles advertised over the last 12 months, and government wage data

Last updated

6 Oct 2026

The tracker

What the market is paying in 2026

Pick a market, credential and years of experience, or look up a job title. Add your own salary to unlock where you sit in the range, typical bonus and total pay, and what it would take to move.

Market

Location

Credential

Years of actuarial experience

Employer type

Level (typical titles)

Base salary budget

USD

Actuarial Pay Index

Typical base salary

Lower quartileUpper quartile

At a glance

Typical base salary by credential and experience

Median base salary at life and annuity insurers. Quartiles, other employer types, cities and job titles are in the tool above.

United States (US$)
Credential	0 to 2 years	3 to 5 years	6 to 9 years	10 to 14 years	15+ years
Student	$99k	$112k	$125k	$134k	n/a
Associate	n/a	$125k	$149k	$166k	$185k
Fellow	n/a	$145k	$182k	$208k	$237k

Canada (C$)
Credential	0 to 2 years	3 to 5 years	6 to 9 years	10 to 14 years	15+ years
Student	C$86k	C$97k	C$108k	C$117k	n/a
Associate	n/a	C$110k	C$139k	C$159k	C$184k
Fellow	n/a	C$123k	C$160k	C$194k	C$233k

In Bermuda, base runs a little above the US and the bigger difference is the package. For a Fellow with 6 to 9 years: base of about $190k at a life and annuity insurer and $200k at a reinsurer (US $182k and $194k), a bonus target of 15 to 25% (18 to 28% at reinsurers; US 15 to 20%) and a housing allowance of $2,000 to $6,000 a month (none as standard in the US). All-in that comes to about $242k to $310k a year at a life and annuity insurer and $260k to $328k at a reinsurer, against $209k to $218k base plus bonus at a US life and annuity insurer, before income tax. Bermuda has no personal income tax; payroll tax and social insurance apply.

Bermuda (US$, base before bonus and housing)
Credential	0 to 2 years	3 to 5 years	6 to 9 years	10 to 14 years	15+ years
Student	n/a	$115k	$130k	$140k	n/a
Associate	n/a	$130k	$155k	$175k	$195k
Fellow	n/a	$150k	$190k	$220k	$250k

Market movement

How actuarial pay moved in the latest annual data

USAll actuaries, median wage (BLS)▲ +3.4%

BermudaNon-Bermudian actuaries, median income▲ +0.2%

BermudaBermudian actuaries, median income▲ +2.7%

Year-on-year change in the latest government wage data. The US median wage for actuaries (BLS) compares May 2024 with May 2025; Bermuda compares the 2023 and 2024 government employment surveys.

Index updates

What changed and when

6 Oct 2026Accuracy review: Bermuda base salaries at insurers and reinsurers now run a little above US base for the same credential, experience and employer type, more so at senior levels, in line with the offers we see, and the Bermuda view sets out the package line by line (base, bonus target and housing allowance) with the all-in figure against US base plus bonus before income tax. Bermuda consulting firms are shown well below insurers and reinsurers, typical housing allowances are added, Canadian Associate and Fellow figures are raised, US Fellow figures from 10 years and US Associate figures from 6 years are lowered to typical hiring pay, consulting bonus targets are lowered, and Bermuda entry-level figures are removed.
29 Sep 2026Index launched: 168 salary bands across the US, Canada and Bermuda, built from our own search work, the pay ranges in 796 actuarial roles advertised over the last 12 months and further research; US city adjustments; pay by job title, employer type and focus in all three markets; typical bonus targets; and a what-it-takes-to-move figure.

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How it works

How the index is built

A salary guide is only as good as the people behind it. We speak with actuaries and hiring leaders across the US, Canada and Bermuda every day, and we see the offers, counteroffers and pay conversations first-hand. We also track the actuarial roles advertised in all three markets and the latest government wage data, so every figure is grounded in what the market is paying. When the numbers move, the changelog says what changed.

What we see

Our search work

The offers, counteroffers and pay conversations in our own search work: what actuaries earn, what they ask for to move, and the bonus targets employers put in offers.

What employers publish

Job adverts

The pay ranges published in 675 US and 121 Canadian actuarial job adverts over the last 12 months, sorted by credential, experience, job title, employer type and location. We use them alongside our own data for the salary bands, the job-title view and the city adjustments.

The cross-check

Government statistics

US Bureau of Labor Statistics wage data for local context, city weighting and year-on-year movement, and the Bermuda Government's employment survey for the island-wide picture.

Always

Anonymised

We never publish names, employers or anyone's individual salary. A salary you share is only ever used combined with others.

The Actuarial Pay Index is our view of what actuarial roles pay, built from the offers, counteroffers and pay conversations in our own search work, the pay ranges in the actuarial roles advertised over the last 12 months, and government wage data. Every figure is reviewed by our team against what we see in the market. Salaries are base pay before any bonus, by credential, experience and type of employer, and reflect what employers pay to hire rather than what current staff earn. City figures use the pay differences employers set for the same role in different locations. Typical bonus targets and the “what it takes to move” figure come from the offers we see and our conversations with actuaries weighing up a move.