Quantcast

Hawkeye Reporter

Thursday, March 27, 2025

140 H-1B petitions filed by Finance and Insurance employers classified under the Finance and Insurance industry in Iowa in 2024

Webp vgjln8rq77i4odrtkziyfeu4ubny

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services (left) and Jennifer B. Higgins, Deputy Director. | https://www.uscis.gov/about-us/organization/leadership

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services (left) and Jennifer B. Higgins, Deputy Director. | https://www.uscis.gov/about-us/organization/leadership

Employers classified under the Finance and Insurance industry based in Iowa submitted 140 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, 139 were approved (99.3%), while one was denied (0.7%).

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, Iowa employers across all industries submitted 1,566 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 Iowa during 2024, with 551 petitions (35.2% of all submissions), and an approval rate of 97.6%. Meanwhile, the Educational Services industry was the second largest contributor, filing 395 petitions (25.2% of the total), with an approval rate of 97%.

Compared to 2023, the Finance and Insurance sector in Iowa saw a 22.8% increase 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 Iowa, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services55135.2%97.6%2.4%
2Educational Services39525.2%97%3%
3Manufacturing24315.5%99.2%0.8%
4Health Care and Social Assistance1549.8%99.4%0.7%
5Finance and Insurance1408.9%99.3%0.7%
6Utilities201.3%100%0%
7Retail Trade130.8%100%0%
8Information110.7%100%0%
9Transportation and Warehousing80.5%100%0%
9Arts, Entertainment, and Recreation80.5%100%0%
9Other Services (except Public Administration)80.5%100%0%
12Administrative and Support and Waste Management and Remediation Services40.3%100%0%
13Construction30.2%100%0%
14Wholesale Trade20.1%100%0%
14Agriculture, Forestry, Fishing and Hunting20.1%100%0%
14Public Administration20.1%100%0%
17Real Estate and Rental and Leasing10.1%100%0%
17Accommodation and Food Services10.1%100%0%

Top Employers in Finance and Insurance Industry in Iowa, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Transamerica Life Insurance Compan24100%0%
1Athene Annuity and Life Company24100%0%
3Viac Services Company1492.9%7.1%
4Wellmark, Inc.9100%0%
5Transamerica Life Insurance Company7100%0%
5Federal Home Loan Bank of Des Moin7100%0%
5Berkley Technology Services, LLC7100%0%
8Employers Mutual Casualty Company6100%0%
9Eneric Petroleum Corporation D B a5100%0%
9American Equity Investment Life Insurance Company5100%0%
11Aegon Global Services, LLC4100%0%
12Fidelity & Guaranty Life Business Services, Inc.3100%0%
12Federal Home Loan Bank of Des Moines3100%0%
12Aegon USA Realty Advisors, LLC3100%0%
15United Fire and Casualty Company2100%0%
15Agencybloc, LLC2100%0%
15FBL Financial Group, Inc.2100%0%
15Eneric Petroleum Corporation D B a Cambridge Investment Research, Inc.2100%0%
19Iowa Public Employees Retirement S1100%0%
19Aronson Group, LLC1100%0%
19EMC National Life Company1100%0%
19Winneshiek Med Center1100%0%
19Covenant Medical Center D B a, Inc.1100%0%
19Wells Fargo Bank, NA1100%0%
19TMG Insurance Services D B a T, LLC1100%0%
19Principal Workforce, LLC1100%0%
19Bankers Trust Company1100%0%
19Wellabe Services Company1100%0%
19Penrose Technician Company1100%0%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS