Average Underwriter Salary

$60,813
Avg. Base Salary (USD)
10%
$44k
MEDIAN
$61k
90%
$89k

The average salary for an Underwriter is $60,813

Base Salary
$44k - $89k
Bonus
$1k - $13k
Profit Sharing
$496 - $7k
Commission
$1k - $35k
Total Pay
$41k - $93k
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What is the Pay by Experience Level for Underwriters?

What Do Underwriters Do?

Underwriter Tasks
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.
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Job Satisfaction for Underwriter

3.8 out of 5
(607)
Highly Satisfied
49Reviews
Based on 607 responses, the job of Underwriter has received a job satisfaction rating of 3.78 out of 5. On average, Underwriters are highly satisfied with their job.

Gender Breakdown

Female
53.3%
Male
45.9%
Prefer to self-define
0.8%
This data is based on 1,503 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

86%

Dental

80%

Vision

72%

None

13%