As of April 01, 2025, the average annual salary for an Insurance Actuary I in Illinois is $78,069. Salary.com reports that pay typically ranges from $69,747 to $88,182, with most professionals earning between $62,170 and $97,389.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,522 | $7,210 | $1,664 | $42 |
| Average | $76,600 | $6,383 | $1,473 | $37 |
| 25th Percentile | $68,436 | $5,703 | $1,316 | $33 |
An entry-level Insurance Actuary I with under 1 year experience makes about $77,437. With less than 2 years of experience, a mid-level Insurance Actuary I makes around $78,360. After 2-4 years, the Insurance Actuary I pay rises to about $80,624. Those senior Insurance Actuary I with 5-8 years of experience earn roughly $81,077, and those Insurance Actuary I having 8 years or more experience are expected to earn about $81,379 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary I | $77,437 |
| Intermediate Level Insurance Actuary I | $78,360 |
| Senior Level Insurance Actuary I | $80,624 |
| Specialist Level Insurance Actuary I | $81,077 |
| Expert Level Insurance Actuary I | $81,379 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 5% |
| Top Level | 6% |
| Experienced | 6% |
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