Insurance Underwriter Salary in Sector of Finance and Insurance

The salary statistics of insurance underwriters in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare insurance underwriter salaries in different industries within the finance and insurance sector.

Average Annual Salary of Insurance Underwriters

Percentile BracketAverage Annual Salary
10th Percentile Wage
25th Percentile Wage
50th Percentile Wage
75th Percentile Wage
90th Percentile Wage

Table 1 shows the average annual salary for insurance underwriters in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) insurance underwriters is $124,310. The median annual salary (50th percentile) is $70,190. The average annual salary for the bottom 10 percent paid insurance underwriters is $42,000.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of insurance underwriters in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
3.16% 10.23%
4.08% -
1.33% -
0.50% -
1.56% -
- -

Compare Insurance Underwriter Salary in Different Industries within the Finance and Insurance Sector

The average salaries of insurance underwriters in 18 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for insurance underwriter occupations is the securities, commodity contracts, and other financial investments and related activities industry with an annual salary $83,800. The lowest paying industry is the insurance and employee benefit funds industry (annual salary $60,430). For detailed insurance underwriter salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Securities and Commodity Contracts Intermediation and Brokerage
Other Nondepository Credit Intermediation
Nondepository Credit Intermediation
Other Financial Investment Activities
Credit Intermediation and Related Activities
Direct Health and Medical Insurance Carriers
Credit Intermediation and Related Activities
Insurance Carriers
Insurance Carriers and Related Activities
Activities Related to Credit Intermediation
Direct Insurance (except Life, Health, and Medical) Carriers
Depository Credit Intermediation
Insurance Agencies and Brokerages
Agencies, Brokerages, and Other Insurance Related Activities
Other Insurance Related Activities
Funds, Trusts, and Other Financial Vehicles
Insurance and Employee Benefit Funds

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].


Highest paying cities for insurance underwriters

Highest paying industries for insurance underwriters.