As of January 01, 2026, the average salary for an Insurance Actuary II in Michigan is $88,780 per year, which breaks down to an hourly rate of $43.
However, an Insurance Actuary II's salary can vary significantly. Here’s a look at the typical salary range:
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Insurance Actuary II Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $94,180 | $7,848 | $1,811 | $45 |
| Average | $88,780 | $7,398 | $1,707 | $43 |
| 25th Percentile | $78,480 | $6,540 | $1,509 | $38 |
Work at Home - Warren, MI
Ally - Lansing, MI
Ally - Lansing, MI
Center for Applied Behavioral Instruction - AUBURN, MA
An Insurance Actuary II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Actuary II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Actuarial Analyst I | 0-2 years | $79,555 |
| Insurance Actuary II | 2-4 years | $88,730 |
| Actuarial Analyst III | 4-7 years | $104,202 |
| Actuarial Analyst IV | 7+ years | $138,622 |
| Actuarial Analyst V | 7-10 years | $162,423 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Actuary IIs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how an Insurance Actuary II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $94,180 | $7,848 | $1,811 | $45 |
| Average | $88,780 | $7,398 | $1,707 | $43 |
| 25th Percentile | $78,480 | $6,540 | $1,509 | $38 |
For an Insurance Actuary II, the most direct path to higher earnings is advancing to the Actuarial Analyst III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $104,300 - a projected growth of 17% over your current level.
Ready to take the next step in your career? Browse thousands of current Insurance Actuary II job openings on our job board. Use the search bar below to find your perfect match.
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