As of April 01, 2025, the average annual salary for an Insurance Actuary I in Minnesota is $78,375. Salary.com reports that pay typically ranges from $70,021 to $88,528, with most professionals earning between $62,415 and $97,772.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $88,528 | $7,377 | $1,702 | $43 |
| Average | $78,375 | $6,531 | $1,507 | $38 |
| 25th Percentile | $70,021 | $5,835 | $1,347 | $34 |
An entry-level Insurance Actuary I with under 1 year experience makes about $77,741. With less than 2 years of experience, a mid-level Insurance Actuary I makes around $78,667. After 2-4 years, the Insurance Actuary I pay rises to about $80,940. Those senior Insurance Actuary I with 5-8 years of experience earn roughly $81,395, and those Insurance Actuary I having 8 years or more experience are expected to earn about $81,698 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary I | $77,741 |
| Intermediate Level Insurance Actuary I | $78,667 |
| Senior Level Insurance Actuary I | $80,940 |
| Specialist Level Insurance Actuary I | $81,395 |
| Expert Level Insurance Actuary I | $81,698 |
| Entry Level | 1% |
| Mid Level | 3% |
| Senior Level | 6% |
| Top Level | 6% |
| Experienced | 7% |
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