The Actuarial Pay Index

AVP actuarial salary

What AVP and director-level actuarial roles pay in the US in 2026, by employer type and by function, including valuation and pricing roles.

Median base salary, AVP and director roles, US

$192k

Updated 6 October 2026 in the CTS Actuarial Pay Index.

AVP and director pay by employer type

The same level carries different titles at different employers. Typical base salary in the US:

Life & annuity insurers (titles include AVP & Actuary and Director & Actuary): $198k median, typically $192k to $226k
Health insurers (titles include Director and Associate Director): $187k median, typically $175k to $202k
P&C insurers (titles include Director and Actuary & AVP): $189k median, typically $176k to $222k
Reinsurers (titles include AVP & Actuary): $206k median, typically $188k to $253k
Actuarial consultancies (titles include Principal): $191k median, typically $175k to $224k
Big 4 and accounting firms (titles include Director): $207k median, typically $190k to $243k
Brokers and benefits consultancies (titles include Associate Director, AVP and Director): $173k median, typically $159k to $195k

AVP and director pay by function

All functions: $192k median, typically $176k to $226k
Valuation & reporting: $186k median, typically $176k to $203k
Pricing & product: $197k median, typically $176k to $226k
Modelling & systems: $184k median, typically $168k to $216k
Risk, capital & ERM: $197k median, typically $186k to $228k

AVP and director pay in Canada and Bermuda

Canada: C$169k median, typically C$155k to C$199k, in Canadian dollars
Bermuda: $202k median, typically $185k to $237k, with a reinsurer paying about $218k

See pay by title in the Actuarial Pay Index → You can compare employer types and see what the same level is called at an insurer, a reinsurer or a consultancy.

How these figures are built

For job titles we combine the pay ranges in the actuarial roles advertised over the last 12 months with what we see in our own search work, and every figure is reviewed by our team. Each figure is a typical base salary, and lower and upper figures are the lower and upper quartiles. They show what employers pay to hire, not what current staff earn. No individual salaries are ever published. How the index is built.