As of August 01, 2026, the average salary for an Insurance Actuary Manager in the United States is $172,160 per year, which breaks down to an hourly rate of $83.
However, an Insurance Actuary Manager's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Actuary Manager'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 Manager'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 V | 7-10 years | $164,965 |
| Chief Consulting Actuary | 10-12 years | $182,435 |
| Insurance Actuary Manager | 12+ years | $172,152 |
| Actuarial Operations Senior Manager | 12+ years | $226,285 |
| Actuarial Operations Director | 12+ years | $238,753 |
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 Managers. For example, consider the average annual salaries in these key locations:
Insurance Actuary Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $192,723. While startup companies pay approximate $163,039.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $163,039 |
| Growth Stage | 51~500 | $172,433 |
| Established | 501~5000 | $186,108 |
| Enterprise | 5000+ | $192,723 |
For Insurance Actuary Manager roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Construction and Insurance sectors offer the strongest compensation, at 25% above the average. In contrast, Insurance Actuary Manager positions in Internet or Chemicals typically offer lower base pay, as these industries often view Insurance Actuary Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Construction | $215,200 | $103.0 | 25% |
| Insurance | $206,592 | $99.0 | 20% |
| Aerospace & Defense | $197,984 | $95.0 | 15% |
| Pharmaceuticals | $192,819 | $93.0 | 12% |
| Energy & Utilities | $189,376 | $91.0 | 10% |
Understanding how an Insurance Actuary Manager'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.
Last Updated on August 01, 2026For an Insurance Actuary Manager, the most direct path to higher earnings is advancing to the Actuarial Operations Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $226,300 - a projected growth of 31% over your current level.
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The Construction industry offers the highest average compensation for Insurance Actuary Manager roles, with salaries approximately 25% above the market median.
The highest level of actuary is the Fellow (FSA) designation. An actuarial candidate who meets all Associate requirements can start completing the additional training and exams to achieve this prestigious title. In terms of compensation, Insurance Actuary Managers can expect salaries ranging from $155,590 to $190,320, with a median salary of $172,370.
Actuaries are well compensated, with fully qualified professionals earning between $155,590 and $190,320 annually. The average salary is around $172,370. Compensation can vary based on experience, industry, geographic location, and specific job responsibilities, with many actuaries earning even more as they advance in their careers.
Actuaries are well compensated, especially as they gain experience and achieve fellowship status. For an Insurance Actuary Manager, salaries typically range from $155,590 to $190,320, with a mid-salary of $172,370. Senior roles can command even higher salaries, reflecting the demand and expertise in the field.
Fully qualified Insurance Actuary Managers can expect to earn between $155,590 and $190,320 annually, with a median salary around $172,370. This range reflects the varying levels of experience and responsibility within the role, providing a competitive compensation package in the industry.
The highest-paid actuaries are typically Actuarial Managers, with salaries ranging from a minimum of $155,590 to a mid-level of $172,370, and reaching up to $190,320. This role often involves overseeing teams and making strategic decisions, contributing to its higher compensation compared to other actuarial positions.
While the average salary for an Insurance Actuary Manager ranges from $155,590 to $190,320, reaching a salary of $200,000 is possible for highly experienced actuaries, especially those in consulting or executive roles. Achieving this level typically requires a strong track record and specialized expertise in the field.
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