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Buckeye Reporter

Monday, March 17, 2025

How many H-1B petitions were made by Ohio 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. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Employers classified under the Finance and Insurance industry based in Ohio submitted 471 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, 468 were approved (99.4%), while three were denied (0.6%).

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, Ohio employers across all industries submitted 6,524 petitions during the same period, achieving an approval rate of 98%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Ohio during 2024, with 2,749 petitions (42.1% of all submissions), and an approval rate of 97.2%. Meanwhile, the Manufacturing industry was the second largest contributor, filing 944 petitions (14.5% of the total), with an approval rate of 98.5%.

The Ohio employers which made the most petitions in the Finance and Insurance sector during 2024 included The Huntington National Bank with 130 petitions, Progressive Casualty Insurance Com with 63 petitions, and Nationwide Insurance with 37 petitions.

Compared to 2023, the Finance and Insurance sector in Ohio saw an 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 Ohio, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services2,74942.1%97.2%2.8%
2Manufacturing94414.5%98.5%1.5%
3Health Care and Social Assistance78112%98.6%1.4%
4Educational Services68210.5%98.8%1.2%
5Finance and Insurance4717.2%99.4%0.6%
6Retail Trade2543.9%98.8%1.2%
7Wholesale Trade1953%99%1%
8Information1021.6%96.1%3.9%
9Administrative and Support and Waste Management and Remediation Services761.2%97.4%2.6%
10Transportation and Warehousing550.8%96.4%3.6%
11Public Administration450.7%100%0%
12Other Services (except Public Administration)430.7%100%0%
13Construction350.5%100%0%
14Real Estate and Rental and Leasing260.4%100%0%
15Utilities240.4%100%0%
16Accommodation and Food Services130.2%92.3%7.7%
16Arts, Entertainment, and Recreation130.2%100%0%
18Management of Companies and Enterprises80.1%100%0%
19Agriculture, Forestry, Fishing and Hunting60.1%83.3%16.7%
20Mining, Quarrying, and Oil and Gas Extraction20%100%0%

Top Employers in Finance and Insurance Industry in Ohio, 2024

RankCompany NameTotal Petitions% Approved% Denied
1The Huntington National Bank130100%0%
2Progressive Casualty Insurance Com6398.4%1.6%
3Nationwide Insurance3797.3%2.7%
4Fifth Third Bank National Associat32100%0%
5Keybank National Association2996.6%3.5%
6Great American Insurance Company26100%0%
7Ohio Farmers Insurance Company19100%0%
8Medical Mutual of Ohio12100%0%
9Central Mutual Insurance Company10100%0%
10Bread Financial Payments, Inc.9100%0%
11Crosscountry Mortgage, LLC8100%0%
11Progressive Casualty Insurance Company8100%0%
13Encova Service D B a Encova I, Corp.5100%0%
13Ccfi Companies, LLC5100%0%
13Grange Insurance Company5100%0%
13Federal Home Loan Bank of Cincinna5100%0%
13Glidepath Holdings, Inc.5100%0%
18Fifth Third Bank National Association4100%0%
18Axcess Financial Services, Inc.4100%0%
18Klarna, Inc.4100%0%
18Encova Service D B a Encova Insurance, Corp.4100%0%
22Hylant Group, Inc.3100%0%
22BMW Financial Services LLC, NA3100%0%
22Caret Holdings D B a Root Inc., Inc.3100%0%
22Federal Reserve Bank of Cleveland3100%0%
22The Park National Bank3100%0%
27Midland Guardian Company2100%0%
27Western Reserve Mutual Casualty Company2100%0%
27Ohio Public Employees Retirement System2100%0%
27Constellation Insurance, Inc.2100%0%
27National Interstate Insurance Company2100%0%
32First Financial Bank1100%0%
32Fillmore Capital Partners, LLC1100%0%
32Omi Management U S Limited Partner1100%0%
32Huntington Securities, Inc.1100%0%
32Diebold Nixdorf Incorporated1100%0%
32The Cincinnati Insurance Company1100%0%
32Be Solutions, LLC1100%0%
32Third Federal Savings and Loan1100%0%
32Diamond Hill Capital Management, Inc.1100%0%
32Splash Financial, Inc.1100%0%
32Marsh Berry & Company D B a Marshberry, LLC1100%0%
32Caresource Management Services, LLC1100%0%
32School Employees Retirement System of Ohio1100%0%
32Aultcare, Corp.1100%0%
32Luma Financial Technologies, LLC1100%0%
32Capstone Corporate Finance, LLC1100%0%
32Northern Trace Capital, LLC1100%0%
32Gospel Light Mennonite Church Medical Aid Plan1100%0%
32PTZ Insurance Agency, Ltd.1100%0%
32Aba Insurance Services, Inc.1100%0%
32Cleveland Research Company, LLC1100%0%
32Branch Financial, Inc.1100%0%

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