Summer 2027 Intern - L/H Actuarial - Actuarial Analyst I

State Farm

Bloomington, Northern (IL, KY)

Hybrid

USD 18,770,000 - 20,372,000

Full time

14 days+

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Benefits offered by this job

40 hours Life Leave

Military Leave

401(K) Savings Plan

Mutual Funds

Commuter Benefits

Wellness programs

US Discount program

Good Neighbor Grant program

Matching Gift program

Employee Assistance Fund

Company Holidays

Job summary

State Farm is offering a summer internship in Life/Health Actuarial in Bloomington, IL (hybrid with Dallas area). Interns will assess risk, develop pricing methods, and research industry trends while receiving mentoring and leadership development.

The program runs 6/2/2027–8/11/2027 for 10 weeks, with 38.75 hours weekly, pay of $30/hour plus $1 per hour per actuarial exam passed, and a $2,000 stipend. Must be a full-time student eligible to work in the U.S.

Qualifications

Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields.
3.5 GPA preferred; 3.25 minimum required
Experience with data and statistical analysis in Excel, SQL, R, and/or Python
Intention to earn the ASA/FSA designation
Successful completion of at least one Society of Actuaries actuarial exam
Strong communication, interpersonal, organization, leadership, and critical thinking skills

Responsibilities

Assessment of risk and financial needs for insurance products
Development of innovative methods and applications to enhance insurance product pricing
Research on company and emerging industry trends and hot topics
Development through extensive training programs, mentoring programs, and leadership opportunities as well as competitive compensation/benefits such as actuarial exam raises

Skills

Excel

SQL

Python

Education

Actuarial Science

Math

Statistics

Data Science

Job description

Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

Responsibilities

A Day In The Life Of An Intern – Life/Health Actuarial

State Farm’s Life/Health Actuarial Department is a place where interns complete innovative and meaningful project work in a collaborative environment focused on developing technical and business skills - a perfect complement to the classroom.

Assessment of risk and financial needs for insurance products

Development of innovative methods and applications to enhance insurance product pricing

Research on company and emerging industry trends and hot topics

Development through extensive training programs, mentoring programs, and leadership opportunities as well as competitive compensation/benefits such as actuarial exam raises

Qualifications

We Are Looking for College Students With:

Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields

3.5 GPA preferred; 3.25 minimum required

Experience with data and statistical analysis in Excel, SQL, R, and/or Python

Intention to earn the ASA/FSA designation

Successful completion of at least one Society of Actuaries actuarial exam

Strong communication, interpersonal, organization, leadership, and critical thinking skills

Internship Program Eligibility: To be eligible for the summer internship program, you must be a full-time student currently enrolled in an undergraduate or post-graduate program throughout the duration of the internship.

***Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.***

What You Can Expect:

Summer Internship Dates: 6/2/2027 – 8/11/2027 (10 weeks)

Hours: Monday-Friday, 38.75 hours per week
- As the summer program has a short duration, it is expected that hired interns will be available throughout the entire summer internship with minimal to no disruptions in their work schedule.

Pay: $30/hour (+ an additional dollar per hour for each Actuarial exam passed).
- In addition, interns selected for our summer internship program will be eligible for a$2,000 stipend!

Work Arrangement: Hybrid - In this position, you should plan to spend time working in the office a minimum of 2 days per week. Interns are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Selected interns must reside within the continental U.S. for the duration of the summer internship. Your leadership will share additional information regarding your department’s approach and what it means for you.