Employers classified under the Finance and Insurance industry file 594 H-1B petitions in Indiana throughout 2024

Employers classified under the Finance and Insurance industry file 594 H-1B petitions in Indiana throughout 2024

Economics
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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

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Employers classified under the Finance and Insurance industry based in Indiana submitted 594 H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub.

Of these, 586 were approved (98.6%), while eight were denied (1.4%).

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, higher than 2023's 97.3%. Statewide, Indiana employers across all industries submitted 2,655 petitions during the same period, achieving an approval rate of 98.2%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Indiana during 2024, with 702 petitions (26.4% of all submissions), and an approval rate of 97%. Meanwhile, the Finance and Insurance industry was the second largest contributor, filing 594 petitions (22.4% of the total), with an approval rate of 98.7%.

The Indiana employers which made the most petitions in the Finance and Insurance sector during 2024 included Elevance Health, Inc. with 516 petitions, American Specialty Health Incorpor with 16 petitions, and National Government Services, Inc. with nine petitions.

Compared to 2023, the Finance and Insurance sector in Indiana saw a 16.3% decrease in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in Indiana, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services70226.4%97%3%
2Finance and Insurance59422.4%98.7%1.4%
3Educational Services56021.1%98.8%1.3%
4Manufacturing37314.1%98.9%1.1%
5Health Care and Social Assistance2569.6%99.2%0.8%
6Information351.3%100%0%
7Retail Trade271%100%0%
8Construction261%100%0%
9Wholesale Trade210.8%95.2%4.8%
10Utilities190.7%100%0%
11Transportation and Warehousing100.4%90%10%
12Other Services (except Public Administration)80.3%100%0%
13Administrative and Support and Waste Management and Remediation Services70.3%100%0%
14Management of Companies and Enterprises40.2%75%25%
14Accommodation and Food Services40.2%25%75%
14Arts, Entertainment, and Recreation40.2%100%0%
17Real Estate and Rental and Leasing20.1%50%50%
17Public Administration20.1%100%0%
19Mining, Quarrying, and Oil and Gas Extraction10%100%0%

Top Employers in Finance and Insurance Industry in Indiana, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Elevance Health, Inc.51699.2%0.8%
2American Specialty Health Incorpor16100%0%
3National Government Services, Inc.977.8%22.2%
4Group 1001 Resources, LLC6100%0%
4Indiana Farm Bureau Insurance6100%0%
6Bloom Insurance Agency, LLC580%20%
6Federal Home Loan Bank of Indianap5100%0%
8CNO Services, LLC4100%0%
9Federal Home Loan Bank of Indianapolis3100%0%
9Brotherhood Mutual Insurance Company3100%0%
11Goelzer Investment Management, Inc.2100%0%
11International Medical Group, Inc.2100%0%
13Plexus Ventures, LLC1100%0%
13Engelstad Wealth Advisors, Inc.1100%0%
13Illumination International, LLC1100%0%
13Physicians Health Plan of Northern1100%0%
13Anthem, Inc.10%100%
13New England Research Institutes, Inc.1100%0%
13DMC Insurance, Inc.1100%0%
13The Pe Tucker Insurance Agency, Inc.1100%0%
13Amerigroup Corporation1100%0%
13Stonecast Financial, LLC1100%0%
13Carelon Research, Inc.1100%0%
13Renaissance Life and Health Insura1100%0%
13Allied Solutions, LLC1100%0%
13Indiana Farmers Mutual Insurance Company1100%0%
13Carelon Medical Benefits Management, Inc.1100%0%
13Qualexa Healthcare, LLC1100%0%
13Exceed Insurance Agency, Inc.1100%0%

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