Why insurance employers cluster around semimonthly payroll
A semimonthly payroll schedule pays employees twice per month on fixed calendar dates, usually the 15th and the last business day, producing exactly 24 paychecks per year. Semimonthly is favored by banks, insurance carriers, technology companies, utilities, and consulting firms because it aligns naturally with monthly accounting closes.
Within the insurance sector, this pattern reflects the underlying labor mix: a workforce that is predominantly salaried and concentrated in corporate functions. Employers in this group also benefit from a single, predictable payroll close, which simplifies tax filings, benefits accruals, and end-of-period accounting. State law sets a floor (most states require at least semimonthly payroll for non-exempt staff), but large multi-state employers generally adopt the most generous cadence company-wide for simplicity. See the NCSL state payday-law summary for the underlying rules.
Filter Insurance by pay frequency
All 38 catalogued employers in Insurance
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| Company | Pay frequency | Payday | HQ | Employees |
|---|---|---|---|---|
| AIG | Semimonthly | the 15th and last day of the month | New York, NY | 26,200 |
| Aflac | Semimonthly | the 15th and last day of the month | Columbus, GA | 13,000 |
| Allstate | Semimonthly | the 15th and last day of the month | Northbrook, IL | 54,000 |
| American Financial Group | Semimonthly | the 15th and last day of the month | Cincinnati, OH | 7,400 |
| Aon | Semimonthly | the 15th and last day of the month | Chicago, IL | 50,000 |
| Arch Capital Group | Semimonthly | the 15th and last day of the month | Hamilton, BM | 6,800 |
| Arthur J. Gallagher | Semimonthly | the 15th and last day of the month | Rolling Meadows, IL | 49,500 |
| Brown & Brown | Semimonthly | the 15th and last day of the month | Daytona Beach, FL | 16,400 |
| Chubb | Semimonthly | the 15th and last day of the month | Zurich, CH | 40,000 |
| Cincinnati Financial | Semimonthly | the 15th and last day of the month | Fairfield, OH | 5,700 |
| Erie Indemnity | Semimonthly | the 15th and last day of the month | Erie, PA | 6,200 |
| Everest Re Group | Semimonthly | the 15th and last day of the month | Hamilton, BM | 1,600 |
| First American Financial | Semimonthly | the 15th and last day of the month | Santa Ana, CA | 22,000 |
| Genworth Financial | Semimonthly | the 15th and last day of the month | Richmond, VA | 2,700 |
| Globe Life | Semimonthly | the 15th and last day of the month | McKinney, TX | 3,700 |
| Hanover Insurance Group | Semimonthly | the 15th and last day of the month | Worcester, MA | 4,700 |
| Hartford Financial Services | Semimonthly | the 15th and last day of the month | Hartford, CT | 18,600 |
| Liberty Mutual Insurance Group | Semimonthly | the 15th and last day of the month | Boston, MA | 45,000 |
| Lincoln National | Semimonthly | the 15th and last day of the month | Radnor, PA | 11,600 |
| Markel | Semimonthly | the 15th and last day of the month | Glen Allen, VA | 22,500 |
| Marsh & McLennan | Semimonthly | the 15th and last day of the month | New York, NY | 86,000 |
| MetLife | Semimonthly | the 15th and last day of the month | New York, NY | 45,000 |
| Nationwide | Semimonthly | the 15th and last day of the month | Columbus, OH | 25,000 |
| New York Life Insurance | Semimonthly | the 15th and last day of the month | New York, NY | 12,000 |
| Northwestern Mutual | Semimonthly | the 15th and last day of the month | Milwaukee, WI | 7,400 |
| Old Republic International | Semimonthly | the 15th and last day of the month | Chicago, IL | 8,400 |
| Principal Financial Group | Semimonthly | the 15th and last day of the month | Des Moines, IA | 18,800 |
| Progressive | Semimonthly | the 15th and last day of the month | Mayfield Village, OH | 61,000 |
| Reinsurance Group of America | Semimonthly | the 15th and last day of the month | Chesterfield, MO | 3,500 |
| RenaissanceRe Holdings | Semimonthly | the 15th and last day of the month | Pembroke, BM | 700 |
| State Farm Insurance Cos. | Semimonthly | the 15th and last day of the month | Bloomington, IL | 60,000 |
| Stewart Information Services | Semimonthly | the 15th and last day of the month | Houston, TX | 6,800 |
| Travelers Cos. | Semimonthly | the 15th and last day of the month | New York, NY | 33,000 |
| USAA | Semimonthly | the 15th and last day of the month | San Antonio, TX | 37,000 |
| Unum Group | Semimonthly | the 15th and last day of the month | Chattanooga, TN | 10,300 |
| Voya Financial | Semimonthly | the 15th and last day of the month | New York, NY | 6,300 |
| W. R. Berkley | Semimonthly | the 15th and last day of the month | Greenwich, CT | 8,000 |
| Willis Towers Watson | Semimonthly | the 15th and last day of the month | London, UK | 46,000 |
FAQ
Do most Insurance companies pay weekly or biweekly?
The dominant pay frequency in the Insurance sector is Semimonthly. Of the 38 large Insurance employers catalogued, 38 pay semimonthly — reflecting the structural mix of hourly versus salaried labor.
What day of the week are Insurance employees paid?
Payday in the sector typically lands on the 15th and last day of the month. Direct deposit is standard at virtually every Fortune 500-scale employer.
How many paychecks per year do Insurance workers get?
Workers paid on the dominant semimonthly cadence receive 24 paychecks per calendar year.