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Tuesday, March 11, 2025

How many H-1B petitions were made by Florida employers classified under the Finance and Insurance industry during 2024?

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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 Florida submitted 683 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, 678 were approved (99.3%), while five were 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, Florida employers across all industries submitted 9,692 petitions during the same period, achieving an approval rate of 97.1%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Florida during 2024, with 4,711 petitions (48.6% of all submissions), and an approval rate of 95.8%. Meanwhile, the Educational Services industry was the second largest contributor, filing 951 petitions (9.8% of the total), with an approval rate of 98.8%.

The Florida employers which made the most petitions in the Finance and Insurance sector during 2024 included Citadel Securities Americas Servic with 109 petitions, Citadel Americas Services, LLC with 93 petitions, and Raymond James and Associates, Inc. with 69 petitions.

Compared to 2023, the Finance and Insurance sector in Florida saw a 10.7% 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 Florida, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services4,71148.6%95.8%4.2%
2Educational Services9519.8%98.8%1.2%
3Health Care and Social Assistance8008.3%98.8%1.3%
4Finance and Insurance6837.1%99.3%0.7%
5Manufacturing5455.6%98.7%1.3%
6Retail Trade3713.8%98.9%1.1%
7Administrative and Support and Waste Management and Remediation Services3433.5%94.5%5.5%
8Information2422.5%96.3%3.7%
9Construction2102.2%99.1%1%
10Wholesale Trade1962%98.5%1.5%
11Transportation and Warehousing1371.4%95.6%4.4%
12Management of Companies and Enterprises1281.3%99.2%0.8%
13Real Estate and Rental and Leasing981%99%1%
14Utilities810.8%98.8%1.2%
15Accommodation and Food Services720.7%95.8%4.2%
16Other Services (except Public Administration)640.7%96.9%3.1%
17Arts, Entertainment, and Recreation340.4%97.1%2.9%
18Public Administration120.1%100%0%
19Agriculture, Forestry, Fishing and Hunting90.1%100%0%
20Mining, Quarrying, and Oil and Gas Extraction50.1%100%0%

Top Employers in Finance and Insurance Industry in Florida, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Citadel Securities Americas Servic10999.1%0.9%
2Citadel Americas Services, LLC93100%0%
3Raymond James and Associates, Inc.6998.6%1.5%
4Citadel Enterprise Americas Servic47100%0%
5Blue Cross and Blue Shield of Florida, Inc.28100%0%
6Auto Club Services, Inc.17100%0%
7Bankers Healthcare Group, LLC16100%0%
7Freedom Mortgage Corporation16100%0%
9Citizens Property Insurance Corporation1392.3%7.7%
10Bayview Asset Management, LLC10100%0%
10Nextera Energy Marketing, LLC10100%0%
12Freedom Mortgage, Inc.7100%0%
13Fcci Services, Inc.6100%0%
13Raymond James & Associates, Inc.6100%0%
13Lakeview Loan Servicing, LLC6100%0%
16Ecesis Investments, LLC5100%0%
16Banco Itau International5100%0%
18Currency Exchange International, Corp.4100%0%
18XP Investments US, LLC4100%0%
18Tower Hill Insurance Group, LLC4100%0%
18I Squared Capital Advisors US, LLC475%25%
18Lafayette Square Holding Company, LLC4100%0%
18H I G Capital Management, LLC4100%0%
18Memx, LLC4100%0%
25Annapurna Capital Management LP3100%0%
25Healthcare, Inc.3100%0%
25Servicelink Services, LLC3100%0%
25Frontline Insurance Managers D, Inc.3100%0%
25Everbank, N A3100%0%
25Bradesco Bank3100%0%
25Seacoast National Bank3100%0%
25Citadel Securities Americas Services, LLC3100%0%
33Enstar US, Inc.2100%0%
33L and S Investment Advisors, LLC2100%0%
33Polen Capital Management, LLC2100%0%
33Starwood Capital Operations, LLC2100%0%
33NW Services Company2100%0%
33Insigneo Securities, LLC2100%0%
33City National Bank of Florida2100%0%
33Financial-Information-Technologies2100%0%
33Ac Sunshine Securities, LLC2100%0%
33Bamboo Advisor, Inc.2100%0%
33Trafelet Capital Management LP2100%0%
33INDXX, Inc.2100%0%
33Verifone, Inc.2100%0%
33ARK Investment Management, LLC2100%0%
33Corient Services, LLC2100%0%
33North Rock Capital Management, LLC2100%0%
33Cinch Home Services, Inc.2100%0%
33Hashflow Foundation2100%0%
33Vault Risk Management Services, LLC2100%0%
33JBJ Foundation, Inc.2100%0%
33Commercial Insurance Net, LLC2100%0%
33Harbor Ithanka WM, LLC2100%0%
33Mirra Health Care, LLC2100%0%
33The Energy Authority, Inc.2100%0%
57Gentrust, LLC1100%0%
57Lithium Capital Management, Corp.1100%0%
57Rob Graham Enterprises, LLC1100%0%
57Banco DE Sabadell S a1100%0%
57Ocean Bank1100%0%
57Trusted Resource Underwriters, LLC1100%0%
57Caremax Medical Group, LLC1100%0%
57Interfood, Inc.1100%0%
57Claure Group, LLC1100%0%
57Granada Insurance Company1100%0%
57Maze Masters, LLC1100%0%
57Skrill USA, Inc.1100%0%
57Voloridge Investment Management, LLC1100%0%
57August Insurance, LLC1100%0%
57Florida Property Claims and Consulting Group, Inc.1100%0%
57Acsia Long Term Care, Inc.1100%0%
57Blue Ocean Brokerage, LLC1100%0%
57MV Capital Group, LLC1100%0%
57GDA Luma Capital Management LP1100%0%
57Lit Capital, LLC1100%0%
57Rialto Management Group, LLC1100%0%
57Banco DE Credito E Inversiones S a1100%0%
57Trident Home Loans, LLC1100%0%
57Anchor Bank1100%0%
57Cabrillo Coastal General Insurance1100%0%
57Bankunited, N A1100%0%
57GQG Partners, LLC1100%0%
57Marco Capital, Inc.1100%0%
57Kips Bay Group, LLC1100%0%
57Paysafe Direct, LLC1100%0%
57Vip Administration Services DB, LLC1100%0%
57Atlantico Capital Partners, LLC1100%0%
57Standard Lines Brokerage, LLC1100%0%
57Cothrom, LLC1100%0%
57Health E Systems, LLC1100%0%
57Moran Wealth Management, LLC1100%0%
57Fynsa Holding, LLC1100%0%
57Link-in Benefits D B a Benelyn, LLC1100%0%
57Ygrene Energy Fund, Inc.1100%0%
57Nuverse Advisors, LLC1100%0%
57American Integrity Insurance Compa1100%0%
57Eagle Asset Management, Inc.1100%0%
57Bulltick Financial Services, LLC1100%0%
57Bankers Insurance Company1100%0%
57Gmmi, Inc.1100%0%
57Marathon Digital Holdings, Inc.10%100%
57Service First Insurance Group, LLC1100%0%
57Kingston Infrastructure Partners, LLC1100%0%
57Paycargo, LLC1100%0%
57Spring Capital, LLC1100%0%
57A Fin Management, LLC1100%0%
57Block Tower Capital Advisors LP1100%0%
57HCI Group, Inc.1100%0%
57Moonpay USA, LLC1100%0%
57Larch Capital Partners, LLC1100%0%
57Azora America, LLC1100%0%
57American Bancard, LLC1100%0%
57Dunn Capital Management, LLC1100%0%
57Broadspan Capital, LLC1100%0%
57Ilhan Trading America, LLC1100%0%
57Global Sigma Group, LLC1100%0%
57Majority USA, LLC1100%0%
57Seaspan Capital, Ltd.1100%0%
57Kidz Medical Services, Inc.1100%0%
57Kinetic Partners Management LP1100%0%
57P&P Insurance Brokers, Inc.1100%0%
57Velox Clearing, LLC1100%0%
57Ardan, Inc.1100%0%
57South State Bank National Association1100%0%
57776 Management, LLC1100%0%
57Conexus Capital Advisors, Inc.1100%0%
57Black Toro, LLC1100%0%
57Mission Crest Capital Management L1100%0%
57R2 Capital Technologies, Corp.1100%0%
57Xanthos Capital Management LP1100%0%
57Avere Commodities, Corp.1100%0%
57Noble Capital Markets, Inc.1100%0%
57The Floor Incerance Agency, Inc.1100%0%
57American Bancard D B a Touchsu, LLC1100%0%
57Deprince Race and Zollo, Inc.1100%0%
57Banco Santander International1100%0%
57Global E Trading, LLC1100%0%
57Long Horizon Partners, LLC1100%0%
57Orchid Underwriters Agency, LLC1100%0%
57Archwell Holdings, LLC1100%0%
57Evelyn M Tai1100%0%
57Chewy Insurance Services, LLC1100%0%
57Soma Capital Management, LLC1100%0%
5712ten Advisors, LLC1100%0%
57BGI Financial, LLC1100%0%
57Solupay Consulting Solupay, LLC1100%0%
57R G Niederhoffer Capital Managemen1100%0%
57Winhall, LLC1100%0%
57Avalon Administrative Services, LLC1100%0%
57Amerant Bank, N A1100%0%
57Deepnftvalue, Inc.1100%0%
57Boreal Capital Management, LLC1100%0%
57Huff Capital USA, Inc.1100%0%
57Get Financed, LLC1100%0%
57LNR Property Payroll, LLC1100%0%
57Sanfierro, LLC1100%0%
57Ocwen Financial Corporation1100%0%
57United Group Underwriters, Inc.1100%0%
57Apex Investments Management US, LLC1100%0%
57Erudite Trading, LLC1100%0%
57CHCS Services, Inc.1100%0%
57Jaguar Growth Partners, LLC1100%0%
57Cmac Partner, LLC1100%0%
57Beta Capital Securities, LLC1100%0%
57Slide Insurance Holdings, Inc.1100%0%
57L1 Capital Global, Inc.1100%0%
57Quiknode, Inc.1100%0%
57Weiss Ratings, LLC1100%0%
57Fortegra Financial Corporation1100%0%
57Studio Management, LLC1100%0%
57Amaranth Group, Inc.1100%0%
57Cyndx Advisors D B a CDX Advis, LLC1100%0%
57Blue Water Advisors LP1100%0%
57Healthcare.com1100%0%
57Nationsbenefits, LLC1100%0%

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U.S Citizenship And Immigration Services

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