Property Casualty Insurance Actuary 2 pay range
Commonwealth of Pennsylvania · class code 04580
- Class code
- 04580
- Pay scale group
- ST 10
- Pay unit
- Year
- Bargaining unit
- B4
- State
- Pennsylvania
- The Commonwealth of Pennsylvania published pay range for Property Casualty Insurance Actuary 2 is $89,996 to $136,842 per year.
- Commonwealth of Pennsylvania Office of Administration keys this classification as class code 04580.
- This is the range the plan authorises, not the salary of any individual employee.
Class specification
The Commonwealth job specification for this class is published by Commonwealth of Pennsylvania Office of Administration. The passages below are quoted from it as published, not paraphrased, and cut to their opening sentences; the full specification is the authority on duties and qualifications. It was last revised 05/01/1977.
What the state says the job is
This is advanced technical work in the actuarial analysis of property and casualty insurance rates, rating procedures, rating plans and the statistical analysis of related data. An employee in this class performs actuarial studies of considerable difficulty in the analysis and evaluation of property and casualty insurance rates, rating procedures, rating plans and schedules and the development of new rating procedures to ensure that they are not excessive, inadequate of unfairly discriminatory. Employees either independently approve or disapprove or recommend approval or disapproval of the filing to the supervisor depending upon the complexity. Work includes reviewing and analyzing statistical plans and underwriting procedures and other facets of insurance operations.
Examples of the work
Performs actuarial studies of considerable difficulty in the determination of property and casualty insurance rates and rating plans and in the evaluation of insurance forms filed by property and casualty insurance companies and rating organization. Conducts tests and prepares comprehensive reports in ascertaining or verifying the losses, expenses and economic reserves related to proposed property and casualty insurance rates of rating plans. Develops and analyzes statistical plans and prepares analytical summarizes, interpretations and reports or insurers experience applicable to property and casualty insurance.
Minimum qualifications
One year of experience as a Property and Casualty Insurance Actuary 1; or successful completion of five parts of the Casualty Actuarial Society examination program; or four years of property and/or casualty actuarial experience; and a bachelor's degree with major coursework in mathematics or statistics; or any equivalent combination of experience and training.
Quoted from the Commonwealth job specification, read 2026-10-21.
Where this comes from
Commonwealth of Pennsylvania Office of Administration publishes this figure in Classification and Pay Plan (online, current annual salary ranges). Every number on this page is read from that document; nothing is estimated, modelled or averaged.
The Commonwealth also links this class code to its own job title and specification. That page is the official description of the classification; this page publishes its pay range.
The listed pay scale is available in the Commonwealth's current ST schedule.